Benefits of an MBA
To earn an MBA you must first have a bachelor's degree, but there is no hard and fast rule that says your bachelor's must also be in business. Many people who have bachelor's degrees in everything from English literature to engineering go on to earn master's degrees in business. This is because an MBA can be helpful in almost any company. With an MBA you can expect to earn more money, be promoted higher, and be a better candidate for a wider variety of jobs. The business skills you will learn while earning a master's in business can be applied to for-profit and non-profit companies alike. An MBA can also help you become an entrepreneur and start your own business.
Career Opportunities with an MBA
People who earn a master's in business often go on to work at high levels within the management of companies. With an MBA you can qualify yourself for such positions as project manager, general manager, senior accountant, chief financial officer, and much more. The skills learned in master's of business programs can also be applied to government work, education, and healthcare services. Below are some of the positions that can be attained with an MBA and their average salaries.
Position Average Salary
Senior Financial Analyst $64,362-$82,344
Financial Controller $67,914-$102,526
Project Manager, IT $75,784-$103-263
Chief Financial Officer $96,131-$168,508
General/Operations Manager $78,296-$129,001
Chief Executive Officer $105,751-$207,186
Director of Operations $88,063-$122,214
It should be noted that none of these positions are typically starting positions within the business world, however each can be attained during one's career with an MBA. It should also be noted that the salaries listed are just average salaries and can often greatly exceed the numbers shown. For example, many CEOs in America earn millions of dollars every year.
How to Earn a Master's in Business
Master's in business degrees can be earned from public and private graduate colleges as well as through online programs. Many people who seek MBAs are already employed or have constraints on their time that make online programs the ideal choice for their situation. Online MBA programs offer flexibility, independence, and less expensive rates. Through an online MBA program you can earn your master's in business in just two to three years.