Unsteady markets, globalization and an increasing number of people earning university degrees have forever changed the employment landscape. While at one time a good work ethic and a degree practically ensured job seekers solid employment, it has become increasingly difficult to find fulfilling and remunerative work.
So how do you make yourself more attractive to a potential employer? While there are no guarantees, a Master of Business Administration from an online MBA program is a good option for those looking to further develop their skill sets to rise above other job seekers.
Powerful Earning Potential
Does getting a top-notch education really pay off? Postgraduate degrees are a promising way to advance a career, despite an increasingly competitive job market and stagnant salaries in many fields. Online MBA programs continue to stand out as the best return on your educational investment.
MBA salaries are clearly higher compared to the earnings of non-MBA holders. According to a 2015 survey by the National Association of Colleges and Employers, the median starting salary for a person with a bachelor’s degree in liberal arts is $45,000, while it is $50,000 for someone with a bachelor’s in business. Further, a 2017 survey of recruiters by the Graduate Management Admission Council (GMAC) found that MBA graduates can expect a median starting salary of $110,000, or tens of thousands of dollars more earning power than only a bachelor’s degree. This six-figure starting salary is an increase from $105,000 the year before.
Promising Employment Prospects
MBA salaries, however, are only one part of the equation of a successful career. MBA graduates can also look forward to encouraging employment numbers. The 2017 GMAC survey also shows that MBA grads are experiencing an upward hiring trend. The report, which gathered data from 959 employers in 51 countries around the world, found that 88% of employers worldwide expect to hire more MBA graduates in the future (this is an impressive jump from 79% of employers who hired MBA graduates in 2016). Specifically, in the USA, the study found that more than 9 in 10 companies aim to hire MBA graduates.
According to Sangeet Chowfla, GMAC president and CEO, an MBA can definitely enhance job prospects. “The MBA, as an area of study valued by employers, is showing more strength than ever with hiring of new graduates projected to rise for the third year in a row. â€¦ Students of any undergraduate background would do well to consider taking a graduate management degree because of the contributions it can make to their career aspirations.”
An Educational Edge
Whether you are a young graduate with a bachelor’s degree looking to expand your knowledge base and increase your appeal to employers, or a seasoned professional hoping to move into a more rewarding leadership position at a company, an online MBA program is a worthwhile option.
For those with demanding jobs or family commitments, an online MBA program, like the one available at the University of West Florida, offers welcome educational flexibility.
Learn more about UWF’s online MBA programs.
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