Earning a graduate business degree is an excellent career move for anyone who has already earned their bachelor's degree. It typically takes about three years to earn an MBA, a Master's of Business Administration, and an additional three to five years to earn a doctorate in business. Your bachelor's degree does not need to be in business in order to earn an MBA or a doctorate in business.
Benefits of a Graduate Business Degree
The MBA is the most popular graduate degree program in America because graduate degrees in business are extremely useful regardless of your field of interest. The skills you will learn in an MBA or doctorate of business program can help you in every field including academia, government work, for-profit businesses and non-profit charities. Graduate business studies qualify you for more positions, higher pay, and higher promotions by teaching you skills like market analysis, financial planning, marketing methods, accounting, and much more. With a graduate degree in business, you can start up your own company and have all the education you need to be a success.
What You Can Do with an MBA
People who earn an MBA often go on to excel in management positions at companies in every industry. With an MBA, you can eventually earn such job titles as:
- General Manager
- Operations Manager
- Vice President of Sales
- President of Marketing
- Senior Accountant
- Chief Financial Officer
- CEO
The pay that goes along with each of these titles is often upwards of $100,000 and in some cases can even surpass a million dollars per year.
What You Can Do with a Doctorate in Business
People who go on to earn a doctorate in business have the opportunity to become professors of business. Since business is such a popular major, business professors are highly valued and often make between $100,000 and $150,000 every year. Doctorates of business can also make careers for themselves as high level business consultants to major companies.
