Do You Need an MBA Degree to Success in Your Career?
Many young professionals who have started their career with their undergraduate degree tend to shun pursuing a graduate degree or higher education beyond a bachelor degree. They think they have spent 4 to 5 years at college, and it"s time to earn their way through their career, and going back to study for a graduate degree is a waste of time and money. Although it"s true that a strong education background is only one of many contributing factors in a success career, it may become your key determination factor to successfully secure a career opportunity that you meet along your career path. Owning an MBA degree would prove to be an advantage especially if you are vying for high level position.As job market becomes more and more competitive, any job opportunity opens out for suitable candidate, you will find many others are competing with you to grab the opportunity. What are your advantages over the others if you want to secure the job? For example, if an HR manager is interviewing a group of candidates to fill a vacancy for an executive position. If there are 2 candidates who are meeting the job requirements and one of them holds an MBA degree, who do you think the manager will short list one out these two? I believe 99% of the time, the hiring manger will prefer the one with an MBA degree.
If you hold an MBA degree, you have advantages to be promoted to a leadership or managerial position than other candidates. The MBA degree itself is your strongest prove that you are capable for the job position. The MBA is well known to have stiffer requirements and the students who successfully complete the MBA program are proven for their capability to be well-informed business decision makers while capable of taking calculated risks in their decision making. They will also be viewed as a forward-looking professional who are serious about their career growth.
Hence, you probably don"t need an MBA degree to make a success career, but with an MBA, you are putting yourself at the best position to secure any career opportunity that comes to you. It may helps to achieve your career goal in the shortest path than those who have the same goal but without an MBA degree. In term of earning differences for a person with and without an MBA, a recent survey shows that CFOs who have MBA earned 50% more than those without the degree. The return on investment for an MBA certainly seems worthwhile.
Summary
An MBA will not guarantee for a success career future, but it is will prepare your for more advanced, leadership roles in any career field and make yourself more attractive to future employers.