According to studies carried in the United States and Europe, “an M.B.A degree can lead to better career opportunities and higher income.”
The thought of the benefits attached to having an MBA alone makes it all worth for most students, but before you make such commitment, you need to understand if an MBA is what you need in fulfilling your life and professional goals.
Pursuing an MBA undoubtedly requires a lot of devotion, as most programs are very demanding in time and energy. Most full–time programs require two years, while part–time programs can take three or more years to complete depending your pace and dedication. If you are not really determined, your dream to have an MBA may never come to reality after all.
Moreover, depending on the business school, having an MBA can be costly and considering the present condition of the economy, a return on your investment might not be realistic, if not carefully planned.
That is exactly why you need to ask yourself if an MBA is what you really need.
We hope the following points can help you weigh you options.
What do you expect from an MBA?
You may want to advance in your workplace or move into a new job or industry, but before you do that, you need to consider how the industry you are looking into views and treats MBA holders. If you are looking to move into a specific sector that requires specialized knowledge, then research if an MBA can make that difference. If not, there are vast arrays of programs you may try that offer the skills and knowledge you need at lesser cost and time commitment.
Is it the right time in your career to get an MBA?
The main reason for getting an MBA is to improve your life, not make it worse. So your current family, financial and professional situation need to be in a position to support such a decision. No one should expect it to be easy, but your life needs to be in a balance to allow the pursuit of an MBA with success.
Are you ready for the commitment?
Without doubt, an MBA degree can drastically improve your professional and with it your personal life as well. However, it is a difficult undertaking and you have better weighted your alternatives before rushing back school.