Short answer: no.
That’s not to say you shouldn’t go to graduate school; only that it’s not for everyone.
Going to grad school is a major decision. It requires a certain investment of time, money and energy. And even though it amps up your professional credentials and carries with it a promise of a higher salary, those reasons alone may not be enough.
If you’re considering pursuing a Master of Business Administration or an online MBA, there are few essentials you should know.
But first, it might be helpful to know how MBA graduates feel about the degree.
According to the Graduate Management Admission Council® (GMAT), 2012 Alumni Perspectives Survey Report:
- 94% are employed either through an employer (87%) or self-employed (7%)
- Their median average salary is $95,000, with additional compensation averaging $18,123.
- On average, MBA graduates say they have recouped one-third of their financial investment immediately after graduation, and saw a 100% return on investment (ROI) four years after graduating.
Essential considerations before pursuing an MBA
- Is it the right time for you to pursue your MBA?
- Are you really interested in the degree—or just the idea of it?
- Have you chosen an accredited university or college?
- Have you considered tuition costs?
- Do you know how it will translate to the real world?
- Have you met all the MBA admission requirements?
If an MBA is something you’re interested in, get more information today.