In the world of higher education, not all graduate-level degrees are created equal. Sometimes, just sticking with your bachelor's degree is a better idea than putting lots of time and money into a master's degree. In this economy, a graduate-level education may or may not help you in the job market; it can be a real gamble. Getting a master's degree in business administration, however, is almost always an excellent idea. Unlike many other master programs, an MBA can benefit you in a multitude of ways for a variety of fields. If your current career path doesn't suit you at all, then returning to school can give you the training you need to steer towards something better. If you are satisfied with your current line of work, then another degree will only help you move on up to a higher position in the field. Either way, it's a win-win situation for you! Another potential benefit of earning an MBA is the dramatic increase in income. According to an alumni survey conducted by the Graduate Management Admission Council in 2013, the median annual salary for people who graduated from these programs was $100,000. All of the interviewed alumni also reported that they recouped all of the money they invested in their program after a period of four years. An MBA can also help you become the captain of your own business venture, because it will give you all of the expertise you need to run a tight ship. From writing a business plan to securing capital, you will be undeniably ready after only a few years in a good program. Research has indicated that the failure rate for businesses started by holders of this degree is roughly 50 percent lower than the average failure rate. You will need an up-to-date education in order to become a leader in an emerging field. The study of business administration is capable of aiding you in that endeavor. A recent burst of growth in more "niche" MBA programs means that you can possibly go down a path of innovative education that leads to an exciting career in fields such as mobile telecommunications and e-commerce. Any advantage you can get that prepares you for future economic developments is a valuable one. The power of networking is another reason to earn this degree. Your instructors always encourage teamwork and you will develop many strong relationships that may benefit you later on in your business career. Without a doubt, the network established during this time is fantastic for receiving mentoring, searching for jobs, and having professional contacts. Going to graduate school after four costly years of undergraduate education is almost always a risky investment. Do yourself a favor and consider a degree that offers a better return on investment like an MBA. Get ahead by making a smart investment into getting your MBA. In Harrisburg, Pennsylvania, residents attend Lebanon Valley College. Visit our website at http://www.lvc.edu/mba/degree-requirement.aspx.
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