A MBA or a Masters in Business
Administration is a degree that equips the candidate with the
knowledge of applying the business and administrative principals into
their work fields. Therefore, as has been rightly observed by the New
York Times, an MBA degree has come to mean raw business talent.
In the year 1965, U.S. had only 10,000
students to boast of who had been awarded a MBA. Then, the number
shot to 48,000 by the year 1977. Within a couple of decades the
number has increased to 94,000. What is the most interesting part of
the data is that the maximum number of the students who earned aa MBA
was not enrolled in any of the regular programs.
Now, the question arises that in spite
of there being so many MBAs, why is the demand for the degree not
going down? The reason is the lucrative job opportunities that open
up as soon as you get a MBA. In a majority of the cases the offers
that you will be receiving will be for the executive and the senior
management positions. No matter what career you choose after
graduating, a MBA will be required by them all.
There are a variety of MBA programs and
you will have to choose the one that will suit your industry and your
future career plans best. Simply following the herd and enrolling
yourself in a program that is not going to help you in any way later
in life is simply a waste of money.
According to the experts in the
industry, the value of an online MBA degree is decided by the
standard of the institution that has awarded the degree. That is the
reason why the candidates make a bee line to the top B schools in
spite of their exorbitantly high fees.
However, the online degrees are a key
to the bright future for those of the students who simply cannot
afford to go there. They get a degree while they are handling their
regular jobs or other responsibilities. They therefore get a degree
from a good institution while they earn some job experience to go
with it.
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