Pros and Cons of Getting an MBA
For most Americans, the decision of whether or not to pursue an MBA is a difficult one. If you’re making the same judgment, you’re likely weighing the pros and cons of getting an MBA for your own life. Everyone is different, but there are some basic factors that you should always consider before finalizing your choice.
One of the biggest reasons for getting your MBA is because of the advantage it gives you in gaining better employment. It’s common for MBA graduates to receive promotions with their current jobs after attaining the MBA. Higher education is rewarded in many fields, though not all. If you work in any business, technology, computer science, medical, or marketing field, getting an MBA makes sense for your long-term future. An MBA program will give you an edge at work due to the skills and knowledge you’ll gain, and it will also make you stand out to prospective employers on a resume.
Naturally those considerable pros are weighed with the cons of such a program – the expenses. Some MBA programs have rising costs depending upon the school or the specific field of study. However, now that online degrees and local schools have become more widely recognized, an MBA program doesn’t have to break the bank. Many students continue their jobs while working part-time toward an MBA in order to cut costs and to retain a steady income. Finding an MBA program that is affordable and manageable is also becoming a lot simpler, but it’s important to research schools heavily to find one that works for your pay level.
Another pro for getting an MBA is the networking aspect of such a program. MBA students often gain invaluable business and employment contacts, both by meeting fellow students and networking with industry experts. Whether or not you’re currently employed, it's generally helpful to associate with other professionals in your field.
The biggest question of why getting your MBA makes sense for you is: What do you want to gain from it? MBAs are particularly tailored to professionals with long-term career goals in either the field they work in or in a field they plan to pursue. Depending on the major, an MBA will require considerable time, study, and expense. However, the payoffs in the long run are virtually unattainable without an MBA. MBA students have an immediate advantage over other job applicants and co-workers. The rewards can come financially and professionally.
It’s important to weigh the MBA pros and cons before making this decision, but if you decide that an MBA is for you, be sure to put in the research and time necessary for choosing the right school and course study to get the most for your time and money.