Running head: WHY DO I WANT AN MBA? 1 Why Do I Want An MBA? Sandra R. Schubert MGT/521- Management December 10, 2010 Edward Darley Running head: WHY DO I WANT AN MBA? 2 Why Do I Want An MBA? A Master’s in Business Administration (MBA) degree not only opens many doors of opportunity for the possessor of the degree, it also increases one’s potential for earning higher salaries and developing a better career path. Along with the prestige this degree brings, increased responsibilities will no doubt be a big part of it.
For instance, if one is looking for a career in educational instruction, it is imperative to note that employers will not even bother looking at a resume unless an MBA is attached to it, yet there are those who believe that pursuing an MBA is foolish and a waste of time; I disagree. According to Hansen (1996-2010), “there is growing evidence that having an MBA not only gives you more leverage in dictating new job titles and salary, but also gives you leverage in achieving a better balance between work (read: fewer hours working) and life outside work,” (What an MBA can do for your career, para. 6). My reasons for acquiring the MBA are many and stem from the need to be self-reliant and financially stable. I am not looking to become rich but have a comfortable life. I desire a rewarding career and the MBA will provide opportunities that otherwise would not be there such as teaching online. Advantages of an MBA Degree An MBA installs knowledge of a wide range of subjects like organizational behavior, economics, accounting, operations management, supply chain management, and project management.
The MBA program also allows the student after the first year to specialize in a variety of areas such as health care, information technology, or human resources. The Veasley (1996-2010) website stated, “It’s an undeniable fact that my MBA has served me well. My graduate work exposed me to knowledge and practical experiences that WHY DO I WANT AN MBA? 3 helped to combine my undergraduate and graduate education, along with work experience into what has been a successful career. Thomas MacKay, the assistant director of IT at Christopher Newport University, offers 10 reasons for earning an MBA, they are (1) offers credibility, (2) teaches you the ability to think like a business person, (3) it can be your ticket to the inner circle, (4) helps improve communication with business colleagues, (5) improves techniques in problem-solving, (6) teaches you to understand business statements, (7) increases technical expertise, (8) enables applying learning to your day job, (9) improves written communication skills, and (10) learning tools for organizing and managing business processes, (MacKay, 2010).
According to University of Phoenix Jungian Personality Assessment (n. d. ), my personality score is ESTJ (extroverted, sensing, thinking, and judging). Some characteristics associated with this type of personality have strong organizational skills, extremely focused, have leadership qualities such as the ability to plan, be realistic, and hardworking, in addition they are self confident, thinks rules and regulations are important, and outgoing with a strong sense of purpose. Based on this assessment, the best occupations identified include teaching, coaching, banking, political office, and all levels of management.
The bottom line is that pursuing and obtaining an MBA is not only important for opening many doors that would not readily be opened but also increases your marketability in the workforce. Disadvantages of an MBA Degree Although the advantages outweigh the disadvantages, this paper would not be complete without noting the disadvantages associated with obtaining an MBA. The disadvantages are the high cost of the MBA program, the time, energy, and effort ensuring the program is accredited, WHY DO I WANT AN MBA? 4 he amount of time, attention, and energy it will take to achieve the MBA, and there is no guarantee that you will find the perfect job after graduation. Additional disadvantages arise when the degree is obtained online; these include a lack of face-to-face contact with instructors and students, the strong need for self-discipline, immediate answers to questions to the instructors, and developing networking contacts and opportunities. In addition, some companies do not readily accept online degrees, although that is changing with the increase of online schools and online degrees obtained.
In other words, obtaining an online degree is becoming more acceptable. Conclusion Although pursing an MBA has its pros and cons and at times can be quite daunting, I firmly believe the advantages outweigh the disadvantages by a huge margin however; research into these pros and cons must be done to make the right decision for each individual. Deciding on whether you attend a traditional school or attend online will depend on each individual’s situation and the type of learning that will be realistically obtainable and beneficial to that person.
The stigma attached to online education has now, in many instances, been replaced by acceptance in many businesses and obtaining an online degree is becoming increasingly acceptable. However, you must be self disciplined and highly motivated to pursue an MBA online. The MBA, as stated previously will open new doors of opportunity and give the recipient the prestige that he or she may not have had before. The MBA also makes the recipient more marketable and exposes them to jobs with higher salary opportunities that may not have been achievable having a lesser degree such as an Associate’s degree.
Each individual’s decision on whether to pursue the MBA will be influenced by many factors, including whether he or she will WHY DO I WANT AN MBA? 5 have the time to attend the required classes, the cost of the education and funding available to that person, what his or her educational goals are, and whether the MBA will improve the quality of life that he or she desires. WHY DO I WANT AN MBA? 6 References Gary Yukl, (2006). Leadership in Organizations (6th ed. ). UPPER SADDLE RIVER, New Jersey: Pearson Prentice Hall. Hansen, R. S. (1996-2010).
The Master of Business Administration: Is the MBA Worth the Time, Effort, and Cost?. Retrieved 12/10/10 from http://www. quintcareers. com/MBA_degree. html MacKay, T. (2010). 10 Reasons why you should get an MBA. Retrieved 12/10/10 from http://www. cio. com/article/122508/10_Reasons_Why_You_Should_Get_an_MBA? page =5=3125 University of Phoenix. (n. d. ). Jungian Personality Assessment. Retrieved 12/8/10 from University of Phoenix, MGT521-Management website. Veasley, D. (1996-2010). The advantages of an MBA. Retrieved 12/10/10 from http://www. gradview. com/articles/graduatestudies/mba_advantages. html