An MBA Salary Is Only One of the Many Benefits of an MBA
Thursday, March 29, 2018
While a graduate degree in business will likely result in a resume boost and MBA salary, the journey is just as important as the destination. Through the rigor of an MBA program, students learn transferrable skills, have once-in-a-lifetime opportunities, and gain invaluable insights. Before you decide to enter into an MBA program, take some time to understand all of the financial implications, time allocation, and, of course, benefits.
Career Enhancing Encounters
Along with the marketing, finance, accounting, analytics, and management "hard skills," MBA students also sharpen their "soft skills" by interacting and learning from a diverse assembly of colleagues and professors. As an MBA student, you'll be surrounded by individuals from different countries, backgrounds, and business experiences hailing from a wide spectrum of industries.
At Krannert, students learn from professors and mentors from over 20 countries, and peers representing over 22 countries, with an average of five-and-a-half years of work experience. Students have opportunities to work together on team projects and hear different points of view through classroom discussions. This exposure helps to prepare students for corporate interactions, negotiations, and office engagement. Students that actively participate in these diverse encounters get the most out of their graduate studies.
Dynamic Networking Opportunities
Speaking of your fellow students, professors, and mentors, the networking community within an MBA cohort can make a lasting impact on your life. The people you sit next to in class or partner with on projects may be future contacts or references that help you land your next job, connect you with an investor for your small business, or even join you as a partner on an enterprising venture.
Additionally, Purdue University has an alumni network of more than 400,000 alumni with many highly successful business leaders. Many are highly involved in engaging MBA students through networking activities, mentoring, leadership forums, and virtual events.
Bravely Enter the Job Market
Having an MBA not only gives you new skills and connections, it opens the door to career opportunities. According to U.S. News, MBA graduates experience higher employment rates than their non-MBA counterparts.
Krannert’s 2017 MBA class had a 94 percent domestic employment rate. Graduates can be found in a wide range of industries; from real estate to manufacturing. Employers include organizations such as Amazon, Ford, Intel, Proctor & Gamble, PepsiCo, and more.
Learn More, Earn More
In addition to the job opportunities, MBA graduates also earn on average around 50 percent more than they did pre-MBA. For example, if you were making $60,000 prior to entering into an MBA program, you can expect to be making around $90,000 post-MBA.
Choosing to enroll in an MBA program is an important decision that should be thought through carefully. If your end goal is a resume boost and MBA salary, we would love to meet you and help you start your journey.