As far as graduate education goes, the master of business administration (MBA) degree is among the most popular graduate degrees in the United States. There is always a market for knowledgeable managers, executives, and team leaders, and the MBA is the ideal preparation for these positions. This is true in both the for-profit and non-profit worlds, as effective leadership is needed to advance the mission of a company or institution whether or not it generates a profit to distribute to shareholders.
If you are interested in pursuing a graduate degree, then you need to know that an accredited online MBA will help your career in the long term. In fact, there are several distinct benefits that you can enjoy if you successfully complete an online accredited MBA from one of the many online MBA programs accredited by the proper agencies.
Salary Potential for Graduates of Online Accredited MBA Programs
Financial considerations are among the most important factors we all take into account when we choose our career path and look for a job. We not only want a good starting salary, but we also look for a good earning potential over the course of our employment. Fortunately, when it comes to your average salary, a good online MBA can help you make more than if you just stop your education with a graduate degree.
The major accrediting body for business schools, departments, and programs is the Association to Advance Collegiate Schools of Business (AACSB). Long-term studies have shown that an AACSB accredited online MBA or an MBA accredited by another major accrediting body greatly increases the average salary for its recipients. Students who complete one of the many online MBA programs accredited by a recognized accrediting agency earn a starting salary that is roughly 50 percent greater than the starting salary that most people earn when they only possess an undergraduate qualification.
If this starting salary potential were not good enough, you should also be aware that the annual wage growth for those who have an MBA online accredited by the AACSB or other agency is more than 2 percent greater than average inflation growth. Given the potential of inflation to eat into your earnings this fact is incredible and reason enough to seriously consider earning an accredited MBA online. An AACSB accredited online MBA is the best choice for financial security if you are going to be an MBA student.
Finally, it is also notable that you need not necessarily go to a business school that is internationally known in order to receive these benefits. Studies have shown that an accredited MBA online program is all that is really required to enjoy a higher earning potential than those who do not have an MBA. In fact, lesser-known schools often produce graduates that earn more than those who graduate from institutions that would be recognized even by the general public. So, an accredited MBA online that is from an institution that is not actually very famous will still benefit you. Thus, you have one more reason to consider an online accredited MBA.
Workforce Participation for Graduates from Online MBA Programs Accredited by the AACSB or Other Agency
Enrolling in an accredited online MBA program is also a no-brainer when you consider the facts related to employment and workforce participation for those who complete an AACSB accredited online MBA. Individuals with graduate professional degrees such as the MBA are more likely to be a part of the workforce than those who only have an undergraduate degree. Unemployment rates for those who have finished one of the many online accredited MBA programs is also about 25 percent less than the unemployment rate of those without a graduate degree.
Career Fulfillment for Graduates of an Accredited Online MBA Program
Of course, financial and workplace participation statistics may not be enough to convince you to enroll in an online MBA accredited by the appropriate agency. Many people are fully employed and earn a good salary even though they are in jobs that they hate. So, another good way to decide whether an accredited online MBA is right for you is to consider if it can help you get the job that you actually want.
Here there is also good news, for an online accredited MBA is almost certain to increase your chances of getting the job that you want. This is particularly true when you are one of the few applicants for a position that possess a graduate degree. If your resume includes an MBA online accredited by the AACSB or other recognized agency, then a potential employer will be far more likely to see that you possess the skills and experience necessary for the job of your choice. Once you have earned an online MBA accredited by a recognized agency, you should make sure to talk about your education and the benefits that it offers you and a prospective employer when you are interviewing for a job. This is the best way to get the most out of any of the online accredited MBA programs that you might choose, so be sure to talk up your success in the accredited online MBA program in which you enroll.