With the rising cost of higher education, there are always questions about the added value of an MBA. It is easy to look at the investment of time and money and wonder if there will every really be a return on that investment. But click here to learn more about all of the benefits of attaining an MBA degree.
The current job market is challenging to say the lease but having an MBA clearly gives you an advantage over other job applicants. Globally, 86% of employers agreed that they would prefer to hire a candidate with an MBA while that figure is in excess of 90% in the United States. This value is also illustrated when you take a look at the salary that an MBA commands. Over three quarters of a MBAs earn a base salary of $100,000 or more and one third earn near $125,000 per year. And keep in mind that the national average annual salary is just $30,000. So earning three to four times the national average does show the financial value of an MBA degree.
The reasons that an employer values this degree are simple. The added skills that these employees bring are an instant benefit to any business. A basic knowledge of business and business strategy provide more clarity when viewing decisions, issues and complicated scenarios. In addition, MBAs have the ability to communicate their thoughts, evaluations and ideas more clearly and concisely in both written and verbal format. This provides for better collaboration and problem solving throughout the entire management team.
Knowledge and education are always good tools to poses. But having an MBA is a tool that will translated directly to a higher salary and more career opportunities. Employers see the added value that this degree offers and they are willing to pay well for any employee who is willing to invest the time and effort in attaining this goal.