Home » Smart Investing » MBAs: Still the Gold Standard in Education Value?
Smart Investing Article

MBAs: Still the Gold Standard in Education Value?

MBA Education

Education always has value—and a Master of Business Administration (MBA) is one of the most important and respected degrees to pursue, whether you want to become a leader in your organization, launch a career in a new sector, or start your own business. Earning a degree from an accredited MBA program will not only allow you to develop advanced business acumen that you can apply to your work, but it will also enhance your ability to continue to learn on your own and determine what questions to ask and where to find answers.

Working in the real world has merit and provides important business experience, but an MBA teaches students to anticipate and predict business problems that haven’t even happened yet, and be able to create a plan to address them in a thoughtful and ethical way.

Three Letters With Big Meaning

MBA graduates know business, but they also understand that they are a part of a bigger system and understand how to look at issues from multiple perspectives to improve their business’ organizational performance. Contemporary MBA programs teach students how to apply relevant knowledge and concepts appropriately. MBA graduates prepare to become decision-makers who are agents for positive change within their organizations and communities.

According to the Graduate Management Admission Council® (GMAC), as of 2015, the median starting annual salary for new MBA graduates was $100,000—nearly twice the median salary of a recent four-year college graduate. The worth of an MBA is greater than the boost in income potential, however, because it helps students develop the skills needed to continue to build their knowledge about problems and solutions—both innovatively and systematically—long after their program is completed. In addition, MBA programs can offer unparalleled networking opportunities for students and alumni, opening up a global network of potential partners and employers.

So Many Options, So Much Opportunity

An MBA program enables students to develop a wide range of business knowledge, as well as leadership, critical analysis, communication, and technical skills in a relatively short period of time, all while continuing to work. With the number of programs and options available, there is an MBA program that is right for you.

How do you make your MBA work for you? Here are four tips to get you started.

1. Think big picture to narrow your focus.

Accurately identify your career goals to determine whether a general or specialized MBA will best meet those objectives. Next, reflect on your priorities and commitments to determine how much time you have available to devote to the rigors of the program. This analysis will enable you to determine whether a full-time or part-time program will work best for your schedule.

2. Compare your learning style with your lifestyle.

Understand what type of learner you are, and how much flexibility you need in your schedule to determine whether on-campus or online learning is the best fit. For example, are you a working professional who wants to apply what you learn to your job, do you travel frequently or have multiple demands on your time?

3. Consider the net worth of your network.

It’s important to think about who you will be studying with. Consider things like the reputation and quality of the school, who the instructors are and what experience they have, who your peers are, and what you will be able to learn from each another. If you are more interested in developing skills within your local industry, a local institution may better serve your needs. If a broad experience base of the latter is important, consider a program that offers an online option where you can study with learners from across the globe.

4. Familiarize yourself with accreditation.

It’s paramount that programs are accredited, because it demonstrates that the program is following recognized professional standards of quality that are endorsed by business, government, and regulatory organizations. The three major MBA program accrediting bodies in the United States are the Association to Advance Collegiate Schools of Business (AACSB), Accreditation Council for Business Schools and Programs (ACBSP), and International Assembly for Collegiate Business Education (IACBE), and the Management Development Network (EFMD), internationally.

The return on investment (ROI) from an MBA statistics infographic

It really does come down to making your own list of what matters most to you and what you want to achieve, and then finding the school that best aligns with your objectives. It’s effort that will pay off in the long term. Earning an MBA, and being able to contribute to a healthy business environment, will not only position you for greater career growth and income potential, but also enable you to contribute to positive change that society both demands and desires.

About the author



Rebecca Sidler Krysiak, PhD, is the program director for the Master of Business Administration program at Walden University. She has been actively involved in higher education for more than 10 years. Prior to teaching, Dr. Sidler Krysiak worked as a project engineer.

Hot News

stuff nelson mail nz most famous lady in the world tom rutledge wiki top 5 richest person the worlds richest person top 20 corporations top 100 richest persons in the world nilofer merchant wiki the richest businessmen in the world top rich person in world world riches person top 10 wealthiest men the richest men on earth ellen tracy wiki list of worlds richest person famous british economists best blogs on economics top 20 wealthiest people in the world definition of multinational corporation john rutledge economist most influential economist list of world richest persons list of billionaires in the world wiki female country leaders top rich persons in world world richest man top ten greatest economists in history worlds wealthiest person most influential economics books most influential women in nigeria

WELCOME TO spray-fito

Executive C-Suite Team of spray-fito


  • 1,983,874 all-time users

WHAT IS spray-fito?

As Seen On Forbes