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A
n
MBA
is often referred to as a terminal degree, or the highest educational
level one can reach in any particular field. Generally, people go back
to school to get their MBA for one of two reasons: They are looking to earn
more money in their chosen profession, or advance to a higher level that is
unattainable without an MBA.
Regardless of the reason, the MBA is now the most popular degree in
the country. According to the U.S. Department of Education, the number of
people who hold an MBA has increased by 43 percent since 2002. At present,
there are more than 16 million people with this advanced degree. This number
represents about 8 percent of the U.S. population.
Advancements in technology are likely a contributing factor to the overall
growth of individuals who hold an MBA. Being able to earn your degree
online offers a measure of convenience that people enjoy. The William &
Mary Online MBA is designed with working professionals in mind, with a
flexible format that allows you to maintain career momentum while earning
an MBA in as few as two years. The two-year time commitment is often much
more palpable when you don’t have to attend on-campus classroom sessions,
while also managing a day-to-day career and other responsibilities that require
both time and attention.
Another positive for students thinking about getting an MBA is that
job prospects are abundant because companies are actively looking for MBA
grads. Poets & Quants, citing research conducted by the Graduate Management
Admission Council, wrote that 72 percent of employers participating in the
GMAC poll stated that they were looking to hiring candidates with an MBA
in 2015.
On top of that, the GMAC study revealed that 18 percent of employers
polled stated that they expected MBA salaries to be higher than the current
inflation rate, while 47 percent believed that salary increases for those with an
MBA would be in line with anticipated inflation.
Either way, this is yet another positive and motivating factor for prospective
students to enroll in an MBA program. The time commitment to complete
the degree is well worth the investment considering the aforementioned data.
Whether online or on-campus, going back to school and getting an MBA
should be seen as worthwhile commitment toward your future.
THE PROS OF
GETTING AN
MBA
FOR PROSPECTIVE
STUDENTS
Learn more about the
William & Mary Online MBA
by calling
844.234.4076
or visit
onlinemba.mason.wm.edu/fbinaa.