The economic downturn induced by the coronavirus has prompted some people to contemplate going to business school, but several things need to be considered before determining whether an MBA is a good fit for you, according to The Wall Street Journal.
Obtaining an MBA can help change careers in certain industries. A traditional MBA is a good choice for people who may be missing the skills to advance in their current career or those looking to change their career to achieve better earnings.
Some employees also require an MBA as a prerequisite for certain top jobs.
However, business school is not for everybody. This is especially true for people who want to work in a sector where getting an MBA will not result in a salary increase that would justify the accompanying student debt.
It is also better and easier to get a traditional MBA sooner rather than later in life because the format is ideal for single people with more flexibility in their lives.
And while a traditional MBA degree comes with a big-time and money commitment, there are other alternatives worth considering, such as part-time and one-year programs, among others.
Read more about MBA pros and cons at The Wall Street Journal by clicking here.
Wilmington University, the sponsor of MONTCO.Today’s Career Corner, is a private, open-access institution that serves the unique needs of 20,000 busy adults seeking to advance their career prospects through higher education.
WilmU’s MBA program, available online, equips professionals with the skills and connections to thrive in a competitive job market. Designed for entrepreneurs and working professionals, this graduate degree program offers maximum flexibility.
With more than 10 specialized MBA concentrations, professionals can align degree program courses with their specific career goals.
WilmU has the No. 1 most affordable business school tuition compared to other Master of Business Administration programs in Montgomery County and the entire Delaware Valley.