If you’re like most people considering returning to school for your master’s in business administration (MBA), you probably already know some of the advantages: the best jobs, highest earnings, and most prestigious professional positions are awarded to those who hold advanced graduate degrees.
According to the Bureau of Labor Statistics (BLS), management positions enjoy the highest annual wages of all occupational groups, with a national median wage of $102,590 across all positions. This means that your degree will most likely pay for itself within a year or two of graduation.
Most of those who return to school for graduate programs are already employed full-time, so you may be wondering if you have the extra hours necessary to attend an institution and complete a degree program. While you can gain admission to a college program that can be completed the same way your undergraduate degree was, attending on site for one to two years, that is not the only option. Often, attending online is also a viable option and many schools offer flexible graduate degree programs so you can attend all online, all on campus, or a combination of the two.
When choosing between colleges, you should know in advance what concentration you want, since this will help narrow your choice. Knowing what types of skills, info, and academics are needed in local areas and industries will also help you define your future goals.