The value of an MBA degree can really be measured objectively or subjectively depending on your viewpoint, or personal experience if you already sport the credentials. We can talk about the quantitative side: return on investment, payback period, increased job opportunities etc. Or we can talk more qualitatively: expanded knowledge base, broadened views, better marketability, and improved leadership capabilities to name a few.
For me, the value is better explained on the qualitative side. With a bachelor’s degree in psychology and an ongoing struggle to figure out what I wanted to do with my life, I always wanted to go back to school but didn’t know for what. I considered social work and school counseling programs but given that I wasn’t sure what kind of job would make me happy, I could not commit to a degree that would pigeon-hole me in one field of work. I couldn’t spend time and money on a piece of paper that would credential me in something that may only keep my interest for a few years and then I’d be back to the drawing board again, with even more school loans. I knew that I needed a graduate degree to move my career forward but I wasn’t sure what kind of program made sense for someone like me. Enter MBA.
What kind of degree can be immediately applied to basically any job in any industry? What type of credentials are respected by hiring managers regardless of work history? What type of diploma would be recognized not just now but throughout my entire career? Well, an MBA of course!
MBA degrees really can’t hurt anyone. Whether you have a liberal arts background or you’re an engineer by trade, an MBA degree makes a lot of sense. They prove to employers that you have business savvy, that you can think strategically about problems in the workplace, that you know how to win the trust of others and lead them to greatness and much, much more.
My MBA experience taught me a lot about what it means to be an effective leader and how to manage change in the workplace. I also learned a great deal about analyzing financials and the impact that decisions in one department can have on the rest of an organization. I think differently as a result of my MBA courses and I’m confident that I’m a much greater asset to any employer now that I have these credentials.
Out of all of the students I have seen go through MBA and EMBA programs at Saunders College of Business, I have never heard someone say that it was a waste or that they didn’t reap great benefits by investing their time and money. So whether you want to evaluate it quantitatively or qualitatively, I can almost guarantee that you will very easily be able to explain the value of your MBA should someone ask the question someday.