Benefits Of An Mba Degree

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Benefits of a Master in Business Administration Degree Al Albom MGT 521 April 6, 2011 Benefits of a Master in Business Administration Degree A Master in Business Administration (MBA) is essential for those individuals who desire to work in business, management, marketing, finance, and other business-related fields. An MBA degree is also extremely valuable for those who currently work for a business, and are seeking career advancement, technical skills, business knowledge, or business ownership. In a rapidly changing business environment, it is vital to enhance value to the company by staying current with all of the latest information, technologies, trends, and developments. With the advanced knowledge gained from an MBA degree, an exciting career in a newly emerging field such as information technology, e-commerce, brand management or mobile telecommunications is possible and promotions within the organization may be achieved. To attain career advancement goals, or to change effectively an employee’s career track, an important component is to obtain an MBA degree. MBA degrees are generally seen as global currency that give an employee an advantage when seeking a leadership position that has more responsibilities and higher pay. Another key component that may help advance a career, is to have some relevant business experience prior to beginning an MBA program (Abboud, n.d.) Students who have already been exposed to some of the similar issues and situations covered in an MBA program can better relate to the materials and perform more effectively (Abboud, n.d.). Often the high financial cost and time commitment of obtaining an MBA degree will deter an individual from pursuing an MBA. According to Dean Paul Danos, Tuck School of Business, Dartmouth University, “Finances alone need not deter the applicant. Most students at top schools invest in their

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