How An MBA Qualification Can Improve Your Career Prospects

However, in the business and financial worlds, having a qualification from a well-respected business school, such as an Executive Member of Business Admin, or MBA can not only get you started on the career ladder, but also helps push you straight to the very top. Here’s how:

What are the benefits of an MBA?

Salary

Unlike other industries, where applicants start with basic qualifications that lead them into an entry-level job, candidates with an MBA from a top business school often move straight into roles that offer a salary of up to 50% more than candidates without an MBA. Better still, after five years in their job, their salary typically doubles.

High Demand

Job applicants with an MBA are in high demand year in, year out, and although the media are often quick to state that prestigious qualifications like an MBA aren’t worth the time, money or effort that they take, this couldn’t be further from the truth. A 2011 survey by Forbes revealed that investing in an MBA led to a breakeven within 3.9 years of graduation or less.
 

Simply put, having an MBA gives a graduate the knowledge and experience that will help them move into a managerial position from an entry level position. It’s also very helpful for people who want to change career and move into a more business-related calling, such as moving from admin to investment banking.

Networking

As the saying goes, it’s not just what you know, but who you know that can really help you succeed in business. Having an MBA is like having an invitation to a party full of highly influential people in your field. It gives you the knowledge and confidence to get into the party and then helps you introduce yourself to people that will be helpful to your future career.