Even with the revolution in technology and the shift to a global economy, one of the best ways for moving up the career ladder in the corporate world is still earning a Master’s of Business Administration degree.
An MBA is ideal for those who want to move away from jobs requiring tactical thinking – finding the most efficient ways to accomplish a task – and move into business strategy, helping to direct a company’s overall direction and goals.
“Our typical MBA student is a working professional focused on career advancement and a leadership role. He or she is searching for a degree program that bridges theory and practice for competitive advantage in applying for an executive position,” said Dr. Ann Becker, Dean of the Nathan M. Bisk College of Business at the Florida Institute of Technology, according to the website Space Coast Business.
According to Florida Tech Career Management services, an MBA can mean almost $30,000 more dollars in salary.
In addition to more money, attending school to earn a master’s degree allows you to network with other students, building connections that can lead to opportunities down the road.
The trend over the past decade indicates that more people are choosing to attend graduate school. The average number of people in graduate school has increased by 3.8% per year in the decade leading up to 2010, according to an article from the Washington Post. And according to the Digest of Education Statistics, two out of every 25 people who are older than 25 have a master’s as their highest degree, which is about the same ratio of people who, in 1967, held a bachelor’s degree.
Lena McKelvey, a student at Florida Tech, is enrolled in the school’s online MBA program with a concentration in management. She told Space Coast Business that she is currently a division manager for Restaurant Technologies.
“I’ve been very fortunate to have numerous opportunities to grow within my company over the past nine years, however I have always known in the back of my head that obtaining a formal business education to supplement my Bachelor of Science degree would be paramount for future career success,” she said. “To say this decision has been a game-changer would be an understatement! I chose FIT for many reasons, such as the challenging curriculum, the class scheduling and flexibility and the cost effective program.”