You may be looking for your next step:
- of your career
- of your salary
- of your skills
It may be smart to consider: Is earning an MBA right for you?
The conversation surrounding your career progression may get you thinking through what goals you could pursue as you move forward. There are many things that could help: networking, building certain business relationships, and seeking out certifications or mentorship within your field. All of this can be done through an MBA program.
How do you know if earning an MBA might be right for you? Read on.
When You Feel Like You’ve Plateaued or You’re Stuck
You may be really enjoying your work, and you’ve progressed to more responsibility and advanced projects. However, you’re ready for more, and there’s nowhere to go. Without more foundational business experience, seeking an MBA may allow you to hopscotch further up the ladder.
Maybe you have experience leading certain areas of a company but need to better understand other areas. Perhaps you even want to be taken more seriously in consideration for promotions. Earning an MBA could be right for you as it broadens your skillset, adds depth of leadership and hands-on experience, and gives you more serious business chops.
When You’d Like a Larger Salary
Asking yourself if an MBA is right for you probably involves some thoughts about how such a step could involve a salary bump – maybe a big one.
According to the Graduate Management Admissions Council, 89 percent of employers plan to hire for open positions with MBA graduates. Those hires tend to get a jump in pay, to the tune of tens of thousands of dollars, with even higher increases in industries such as tech and finance. Especially if an MBA leads to much higher roles and responsibilities within a company, you could be looking at a six-figure salary from earning such a degree.
When You’re Looking to Step into High-Level Leadership
An MBA can lead you to roles requiring business expertise and leadership. Moving to the highest echelons of a company requires many layers of expertise, not only related to the product or service itself. Knowing how to lead teams, how to create strategy and how to manage the economics of the business are all complexities you can learn from graduate-level courses as part of an MBA.
Focusing on the coursework with an MBA from Concordia University Chicago will walk you through ethics and social responsibility, critical thinking, entrepreneurial mindset, communications, and inclusiveness.
When You’re Looking to Change Direction
The versatility of an MBA is a big part of its draw. The skills you’ll learn apply to every industry. Every business needs to manage its revenue and profits. Every sector needs leadership and efficiencies and people management. You can segue the experience you’ve already had in your career, strengths that would apply to other jobs, and the increases in knowledge you’ve gotten from an MBA into walking down a new path.
Think about where you’d like to be in five years or a decade. Would you like to be in senior leadership? Or maybe pursuing an area in which you’ve always been interested.
Maybe it involves a move to somewhere new to explore or travel. The possibilities that open when you consider if earning an MBA is right for you could be manifold.
When You’re Looking to Increase Your Network
The cohorts in an MBA program, even an online one, work through challenging subjects, projects, and capstone work. You’ll be connecting with other business leaders, rising stars, and those dedicated to moving forward in their careers. Such connections could be very beneficial as you move forward on your own.
Not to mention the alumni network, which can be far-reaching and incredibly fruitful.
Through your coursework, you’ll likely also meet professors and business professionals who are key decision-makers and leaders in their fields. The relationships you make while enrolling in an MBA like Concordia University Chicago’s program are immeasurable.
When You Want a Boost of Confidence
Many students who enroll in an MBA program not only learn immense new realms of knowledge during the graduate program, but they also report feeling increased confidence upon finishing. They completed the complex coursework, explored detailed projects and reports, and consistently problem-solved and turned in graduate-level classwork.
Their knowledge has expanded across disciplines, their ability to research and collate information has increased, and they feel more equipped to think critically and approach business challenges. Hard work pays off and putting in the time and energy can lead to big changes in your life.
Discovering if earning an MBA is right for you involves thinking through what future you’re seeking in your career and what positive benefits can come from it. Benefits such as a higher salary, more opportunities, a bigger leadership role, a broader network, and a confidence boost can result from pursuing an MBA.
If you’d like to learn more about how Concordia University Chicago’s program can fit easily into your life and bring quality results, contact us at (708)3407664 or by filling out the form below.