SPONSORED

5 Ways an MBA Program Pays for Itself: What a Master of Business Administration Degree Can Do for Your Career

Jan 27, 2021, 5:55 PM
master of business administration online degree...
Photo: Adobe Stock

This article about a Master of Business Administration degree is presented by the University of Utah’s David Eccles School of Business.


You might be wondering if a Master of Business Administration (MBA) is a worthwhile investment. There have been huge changes to the economy from the pandemic, and companies value the leadership skills and business acumen that MBA programs develop. Here’s why an MBA more than pays for itself:

1. Flexibility and Variety with a Master of Business Administration Degree

Photo: Adobe Stock

MBA programs are designed for people from a variety of backgrounds. Part-time MBA programs allow students to keep their job. That way they pursue their degrees in the evenings, weekends, or online. That means you don’t have to forgo two years of income, and many companies offer tuition sponsorship options built into their benefits, which further drives down the cost for the degree. 

Whether you are a mid-career professional seeking a flexible way to advance your career or a senior-level professional looking to gain leadership skills, there are a lot of options available to choose from. For students that require even more flexibility in how they complete their coursework, an online program is a way to meet that need while still providing value. Schools like the University of Utah’s David Eccles School of Business also offer non-degreed, skills-based classes for individuals or organizations looking for something more short-term or looking to refresh their toolkit. So that way you don’t need to worry if a degree is too big a commitment right now.

2. Personal Coaching and Networking Opportunities

master of business administration degree - MBA

Photo: Adobe Stock

Companies require, now more than ever, employees to specialize in their respective fields and chosen positions. With that said, while technical skills may get you in the door, your leadership skills may be what differentiate you from a group of equally technically-qualified coworkers. High-quality leaders are highly sought after in any company. People skills and management education give you a leg up.

3. Leadership and People Skills Development

Professional Development - master of business administration degree

Photo: Adobe Stock`

Companies require employees to specialize more than ever in their respective fields and chosen positions. How you differentiate yourself and show you have the leadership skills sought after in many companies is just as important as the technical skills required for any job. High-quality leaders are highly sought after in any company. People skills and management education give you a leg up. 

4. Career Advancement and Increase in Salary

Online classes - master of business administration degree

Photo: Adobe Stock

Whether you are starting a new business, looking for a promotion, or simply want an increase in your salary, MBA programs illuminate the pathway to excel. Building a foundation of fundamental business skills can take your career to the next level while still maintaining a balance between your work and life commitments.

Participation in a degree is one of the best ways to get something more out of your profession. At the end of the day, it all comes down to how hard you want to not just hustle, but also apply what you have learned. Career advancement comes from more than just a desire. It comes from action.

5. Adaptability in Other Industries with Your Master of Business Administration Degree

Online MBA - master of business administration degree

Photo: Adobe Stock

Some of the traditional MBA graduates come from industries such as banking, corporate finance, and management consulting. But in other industries like sales, education, or medicine, an MBA may provide valuable knowledge. An MBA will equip you with the skills you need to be a leader and change-maker in any field.

Related articles: 

Today’s Top Stories

Sponsored

Young woman receiving laser treatment...
Form Derm Spa

How facial plastic surgery and skincare are joining forces

Facial plastic surgery is not only about looking good but about feeling good too. The medical team at Form Spa are trained to help you reach your aesthetic outcomes through surgery and through skincare and dermatology, too.
2 days ago
large group of friends tohether in a park having fun...
BYU MBA at the Marriott School of Business

What differentiates BYU’s MBA program from other MBA programs

Commitment to service is at the heart of BYU’s MBA program, which makes it stand out among other MBA programs across the country.
2 days ago
a worker with a drill in an orange helmet installs a door in the house...
Price's Guaranteed Doors

Home improvement tip: Increase the value of your home by weatherproofing doors

Make sure your home is comfortable before the winter! Seasonal maintenance keeps your home up to date. Read our tips on weatherproofing doors.
22 days ago
Image of a rock climber climbing a cliff in Utah...
Chandler Holt

Bank of Utah’s annual “My Utah” photo contest returns for third year

SALT LAKE CITY – Locally-owned Bank of Utah is inviting Utahn’s to share their favorite picture of Utah’s scenery for a chance to win some big prizes! This is the third year in a row that they have held this contest.  First place wins $500 and their picture featured on an electric billboard. Second and […]
2 months ago
Curb Appeal...
Price's Guaranteed Doors

How to have the best of both worlds for your house | Home security and curb appeal

Protect your home and improve its curb appeal with the latest security solutions like beautiful garage doors and increased security systems.
3 months ago
Two people dance while a crowd watches at the Utah Asian Festival...
Diana Khosrovi

Utah Asian Festival ‘a success’ after attracting over 20,000 attendees

The 45th annual Utah Asian Festival returned to Salt Lake City last weekend, and organizers called it a success.
3 months ago

Sponsored Articles

Young woman receiving laser treatment...
Form Derm Spa

How facial plastic surgery and skincare are joining forces

Facial plastic surgery is not only about looking good but about feeling good too. The medical team at Form Spa are trained to help you reach your aesthetic outcomes through surgery and through skincare and dermatology, too.
large group of friends tohether in a park having fun...
BYU MBA at the Marriott School of Business

What differentiates BYU’s MBA program from other MBA programs

Commitment to service is at the heart of BYU’s MBA program, which makes it stand out among other MBA programs across the country.
a worker with a drill in an orange helmet installs a door in the house...
Price's Guaranteed Doors

Home improvement tip: Increase the value of your home by weatherproofing doors

Make sure your home is comfortable before the winter! Seasonal maintenance keeps your home up to date. Read our tips on weatherproofing doors.
Curb Appeal...
Price's Guaranteed Doors

How to have the best of both worlds for your house | Home security and curb appeal

Protect your home and improve its curb appeal with the latest security solutions like beautiful garage doors and increased security systems.
A paper reading IRS, internal revenue service is pictured...
Jordan Wilcox

The best strategies for dealing with IRS tax harassment | You have options!

Learn how to deal with IRS tax harassment. This guide will teach you how to stop IRS phone calls and letters, and how to handle an IRS audit.
spend a day at Bear Lake...
Bear Lake Convention and Visitors Bureau

You’ll love spending the day at Bear Lake | How to spend a day at Bear Lake

Bear Lake is a place that needs to be experienced. Spend a day at Bear Lake.
5 Ways an MBA Program Pays for Itself: What a Master of Business Administration Degree Can Do for Your Career