If you’re like most people considering returning to school for your MBA, you probably already know some of the advantages: the best jobs, highest earnings, and most prestigious positions are awarded to those who hold 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. That means your degree will most likely pay for itself within a year or two of graduation.
Most who return to school for their master’s degree are already employed full time, so you may be wondering if you have the extra hours to earn your degree. Often, attending online is 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 your school you should know in advance what concentration you want, since this will help narrow your choice. Knowing what types of MBA positions are dominant in your area will also help you define your future goals.