5 Reasons to Get an MBA

Last updated: January 26, 2024

Earning an MBA may feel daunting. It’s a major commitment of time, effort, and money. But, it comes with a wealth of advantages, too. From improving your career outlook to making lifelong business connections, here are five of the many benefits to getting an MBA:
 

1. Develop Skills You Need

It’s becoming more and more important to have a broad set of skills in today’s business world. An MBA program will allow you to stay up to date on entrepreneurial skills, strategic thinking, and leadership skills while learning from faculty experts. With an MBA, you’ll graduate with a sharpened command of business know-how needed to solve today’s challenges.

2. Take Your Career to the Next Level

No matter your goals, strong leadership is crucial to help you build your career. An MBA empowers you to identify and build on your strengths while developing new abilities that will make you a well-rounded professional. This advanced degree can help you stand out in a competitive job market or get the job promotion you’re looking for.

3. Or Make a Career Shift

Being able to pivot careers can be incredibly challenging. But an MBA is a good way to gain new experience and knowledge that will make you an attractive candidate. You’ll cover business topics such as entrepreneurship, marketing, finance, and management. And many schools allow you to explore topics of interest to you. For example, the Carlson School’s Full-Time MBA program offers more than 70 elective courses. An internship, as well as a business school’s career services, can help you realize your potential in a new career too.

4. It’s A Degree That Pays Off

The average income for an MBA graduate is much higher than that of a typical master’s degree. The 2023 GMAC survey of corporate recruiters predicts that starting salaries for MBAs are expected to be $125,000.

5. Develop a Network of Like-Minded Peers

In an MBA program, just as much learning happens outside the classroom as it does inside. You’ll connect with other students who are trying to better themselves just like you. Each student brings their own experiences and expertise to the classroom, and together they form a tight-knit class dedicated to helping one another succeed. Plus, when you graduate, you’ll have a network of peers across all industries that you can tap into.

Now that you know more about the reasons to get an MBA, find out more about the Carlson School’s Full-Time, Part-Time, Online, and Executive MBAs.