Over the past few years, MBA degree has gained enormous popularity. Today it is considered as one of the most sought after degrees in the United States because of its huge value to people in business and administration. An individual who carry or earn an MBA degree can enjoy numerous benefits. In fact, getting a MBA degree from a leading institution in the US has great value throughout the world and thousands of students from various countries come to the United States for the prime purpose of pursuing MBA degree.
A Master of Business Administration (MBA) degree is a globally recognized qualification. It offers a broad outlook and scope, along with well-rounded knowledge that can open the opportunities for you to enter higher levels of responsibility in management or higher-level positions. It gives you precious knowledge about business and all its related facets. Besides this, it is one of the few degrees that involve meticulous training, assignments, and presentations, all of which provide you the crucial abilities required to manage real-life business situations.
According to the U.S. Bureau of Labor, in next few years, most of the prestigious and promising jobs are going to be those who will have a MBA degree. In fact, by the end of 2016 the job growth rate with earning MBA degree is expected to increase further roughly by 12 percent. In addition to this, it is also expected that by 2012, management, business and financial applications will increase by 2.4 million.
The career possibilities with business master degree or MBA degree also seems to be everlasting. Graduates with MBA degree may enjoy a variety of career options in various domains like General Business, Accounting, Finance, Health Care Management, Human Resource Management, Marketing, or Project Management. Moreover, some degree holders may even go on to head up or own their own companies. MBA degree holders can also get it easier to join a company in an entry-level managerial position or may also combine experience along with continuing education to achieve crucial career goals.
Apart from this, the degree also let you enjoy secured job with good salary. Nevertheless the pay scale may vary or differ per company. Some business managers can also make $30,000 a year and others make well over $100,000. Thus, it is one area where the more responsibilities or experience you have, the higher the salary you can enjoy. For example if you have experience less than a year than your average salary can be $50,427. On other hand, if you have experience between one and four years, you can anticipate average salary near around $56,090. The key benefit that you can enjoy is that with each promotion your income may boost accordingly.
Today MBA degree is very popular among mid-career professionals and one of the few programs that are worldwide respected. In addition to this, almost all small and large business organizations favor for MBA qualified persons for lower level managers to top level managers. Definitely, it is one of the few degrees that has witnessed an extreme increase in the ratio of enrollments in last few years and expected to mature in next few years.