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Dayo Coker

University of Phoenix

Why I Choose an MBA

Why we choose a Master’s Degree in Global Management (MBA) is to start my own Global Business with my accounting, real estate, property management and other educational skill . In our job market, your MBA training can add value to your skills, experience, and over all marketability. The very nature of the degree can unite all of these skills together in one package that the market can recognize and respond to. Regardless of your reasoning you need to ask yourself this: “why is an MBA right for you?”
Today many students are opting to finance their own education. Not only are students borrowing more, but more students are borrowing. Nationally, annual student loan volume increased 76 percent from 1993 to 2000 after adjusting for inflation. The percentage of bachelor’s degree recipients who borrowed to finance their education increased from 49 percent in 1993 to 65 percent in 2000. The median cumulative amount borrowed also increased from 1993 to 2000. In 1993, bachelor’s degree recipients borrowed an average of $9,500; compared with $16,500 for degree recipients in 2000. As alarming this may sound many students eagerness to pursue the MBA has only grown.
According to BusinessWeek, graduates who earn an MBA degree generally enter into consulting, accounting, finance, management, sales, or marketing. A post-MBA employee can expect to receive a pay increase or an elevation in position. Depending on the industry and specialty the pay increase may range from 10 to 82 percent; moreover, an MBA graduate will likely experience a return of investment on tuition within 3-to-5 years. As with any statistics, personal interpretation and social influence may affect the outcome of your MBA.
An MBA may in fact give you a competitive advantage within the marketplace. However, not taking into account the debt mentioned above is insufficient and while we would...