Does an MBA Result in Higher Earnings?
Meets the Jane Doe. She is project manager at a company that makes industrial temperature measuring device. Jane will have a bachelor's degree in electrical engineering, she has worked for five years. She has the eyes of her promotion to manager. She is the corporate ladder to know that there is a very competitive, the responsibility of the Director, it is significantly broader than the project manager. If she has been promoted, she is human resources, marketing, and R & D, you will need to oversee the strategic planning. She has the authority of senior management and she will be reported to the vice president.
Jane may have to rely on her experience and track record. You can choose to gain a competitive edge to win her MBA She is also.
Jane should be the first time, her company is to determine whether to pay for the program. I much more! If the tuition fees of the MBA program can range from $ 15,000 to $ 50,000, the company is to pay it, why not go for it is not.
Jane, you need to use a directory of reputable online university to find the MBA program. Would that provided by a local university there, she can choose an online program. Level of instruction that is equivalent to, take 18 months to two years to complete the program and distance learning for both general classroom. Jane if you have a very busy family and private life, she will be able to choose the distance learning program for maximum flexibility in scheduling.
Many MBA programs, to provide technical concentration. Students may be able to choose from many other areas of marketing, information science, finance, management, leadership, and hospitality. Jane's choice of school, you may depend on the focus she is seeking.
After selecting a school to apply to, Jane is almost certainly, if she Test of English native speakers of English as a Foreign Language is not (TOEFL), you will need to take the (GMAT) Admissions Test for Graduate Study in Business . GMAT exam, has two sections, verbal and math. In graduate school, score requirements for admission and has the individual criteria.
If your company does not have her to assist in tuition, Jane will be able to apply for financial aid. Many graduates of the school to provide financial assistance program of the federal government. The first step is to complete the application for free (FAFSA) federal student aid. Application is online, it is (as its name suggests) is free of charge. The school uses the results to determine the amount of federal financial assistance may be eligible Jane. This can include a low-interest student loans and grants. In general, does not provide much in the way of institutional financial aid for college MBA program.
Jane How much can I expect her to get the MBA?
So fun to do it, most people will not get the MBA. I think they are, and want to improve their profitability. However, do you know what effect it? When you get your MBA, in order to prove that the high revenue, Are there any hard data?
Payscale of BusinessWeek and has recently announced the results of a survey of graduates of the people - 80,000 45 MBA program. Result may be surprising. It's a school "brand name" may not make a big difference over the years, schools are not well known some, it was found that seem to produce graduates of high profitability.
For several years after graduation, graduates of the excellent program of Harvard Business School and the University of Pennsylvania and the Wharton School of like this, report the best fares and high profitability. However, graduates of three schools - they are graduates, MBA of today after receiving a diploma, what makes this year is at least double in 20 years that report - George Washington University, Georgia Institute of Technology, University of Connecticut has a cash reward. What is a direct result of its high profitability of their MBA? Hard to tell.
And here is another twist. Graduates, 10 schools, including Indiana University Kelley School of Business after graduating 20 years, the median cash compensation that is, that there was no better than those of Harvard Business School graduates have made a year after graduation reported.
So, to the value of the MBA to learn anything, since the value was graduated from the program name-brand leading you, or simply there is a skill to acquire, by the fact that high you may be employed, be promoted there. Jane, like many other MBA candidate, you must find out for yourself.
Selecting an MBA program
However, Jane N - How or John - Why choose an MBA program to work for them? The best way to get free information is to log on to a directory of online university reputation as one of the following. Also, compare the program you, you can check out financial aid, a kind of career services. To find the interest of the University of three or four at once, simply discuss what you are looking to contact the school, what they offer, making the application. Than think it might be on your way to get your MBA you in a short time!
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