How an MBA Can Help You Reach Your Professional Potential
Earning an MBA equips graduates with the skills, knowledge, and experience to land a multitude of positions and earn a higher salary. In fact, MBA grads saw a growth of 28.1% in median earnings, from $160,000 to $205,000 annually, between 2018 and 2022, according to Bloomberg Businessweek.
If you're currently checking out online MBA programs or want to enroll in an in-person MBA degree program, let's explore how earning an MBA can help advance your career and why you should choose to complete your MBA at DBU.
How an MBA Can Advance Your Career
If you already have experience in the business world and want to reach the next level in your career, an MBA degree can serve as a professional stepping stone and open doors.
Furthermore, some employers require a master's degree for hiring and advancement.
If you don't have a long work history, earning an MBA can also help you gain specialized knowledge and skills to score a job promotion, acquire an executive position as a new hire, or launch a startup company. According to the 2022 Graduate Management Admission Council (GMAC) Corporate Recruiters Survey, 92% of corporate recruiters planned to hire applicants who have earned their MBA over those without one.
Survey recruiters are also confident that business school graduates "have strong communication skills, a versatile skill set, and are strategic thinkers." This mindset bodes well for job-seeking MBA graduates.
Plus, many MBA graduates earn a six-figure salary. According to the GMAC survey data, the median MBA salary for new hires in 2022 was $115,000. If you're considering getting an MBA, here's more information about the degree and DBU's MBA program.
What is an MBA?
MBA stands for Master of Business Administration. In general, an MBA program primes graduates for leadership and business management positions in various fields. Core MBA curriculum usually includes master's level courses in subjects like accounting, corporate finance, and human resource management, to name a few.
As in any degree discipline, MBA hopefuls want to receive a return on their educational investment. Fortunately, management is a growing field. "Overall employment in management occupations is projected to grow faster than the average for all occupations from 2023 to 2033."1 according to the U.S. Bureau of Labor Statistics Occupational Outlook Handbook.
1Based on data available as of Thursday, August 29, 2024, from the Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Management Occupation
Industries like consulting, finance, tech, consumer packaged goods, entertainment, media, sports, and healthcare offer MBA graduates some of the highest-paying jobs, according to Fortune. Some positions also pay bonuses on top of a base salary.
With a good occupational outlook, lots of job opportunities, and six-figure earnings, MBA graduates have excellent professional potential.
Why Should You Earn an MBA from DBU?
The possibilities might seem endless in your search for the best MBA programs. So, why should you earn an MBA from DBU?
DBU offers an exceptional Christ-centered MBA that you can complete in as little as 18 months. World-class Christian faculty members guide your learning and development, and the DBU MBA equips you with experiential learning and a global perspective.
While DBU provides academic excellence, we also invest in your personal development. As such, our professors make equipping you for success their top priority. DBU seeks to prepare you for your moment of opportunity and offer support when you encounter challenges.
As a faith-based higher learning institution, DBU is passionate about producing Christ-centered servant leaders who are schooled to impact the world through their respective calling.
Therefore, every MBA lecture, project, engagement, and assignment prepares you to succeed in your field, answer your calling, and build a rewarding career in a diverse global business environment.
DBU MBA Program Requirements
Prospective DBU MBA students must first meet admission requirements and get accepted into DBU's Graduate School.
Once enrolled, MBA program students must complete 28.5 credit hours of core curriculum in subjects like managerial accounting, corporate finance, critical thinking, quantitative analysis, and advanced marketing strategies. They must also earn 12 hours in a concentration such as Accounting, Entrepreneurship, Executive Leadership, and International Business.
Flexible Learning Methods and Custom Degree Plans
DBU's flexible learning methods accommodate many graduate students' busy lives. The DBU MBA program provides a seamless in-class experience without time or space constraints. This means you can choose to attend the program in class, synchronously online, or asynchronously online, according to what your schedule permits, without losing the advantages of an in-class experience.
Plus, you can choose from 17 different MBA concentrations, pursue dual master's degrees, or cap your diploma with an advanced certificate. Whether you plan to get an MBA online or in person, you can create a custom degree plan that aligns with your career goals.
Financial Aid, Tuition Rates, and Other Questions
Making the financial investment to obtain your MBA is essential to completing your degree. If you need financial assistance, visit DBU's Financial Aid for Graduate Students web page. For tuition rates and fees, visit the Cashier's Office web page.
DBU's dedicated faculty members are always there to help if you have any questions. You can contact the DBU Graduate School by phone at (214) 333-5579 or by email at graduate@dbu.edu.
