Friday, August 14, 2009

Online MBA Programs

The decision to pursue an Online MBA could not be made at a better time than this. Employers today are demanding more education from their employees than ever before. An accredited online MBA degree will carry significant value in any organization's hiring and career advancement decisions. Plus, there is a direct correlation between higher salaries and earning and MBA.

In difficult economic times, going back to school to build new skills -- and make yourself more attractive to future employers -- becomes extremely popular, even for people with full-time jobs. MBAs are especially popular since the degree is usually meant to prepare someone for more advanced, leadership roles in business (or even government). But is an MBA degree worth the extra years of schooling -- especially when you could be spending that time working full-time? Would you actually gain some additional knowledge? IS IT WORTH IT?

At first glance, the numbers indicate that the answer is a definite yes. A recent survey of accounting/financial workers of varying skill and seniority levels found that CFOs without a degree had an average salary of only $38,920, those with a Bachelors Degree earned $88,836, and MBAs earned an average of $104,284. The return on investment for an MBA certainly seems worthwhile. Some studies indicate the MBAs earn up to 145% more over their lifetime than non-degree holders. So getting your MBA, while sometimes expensive, is certaining economical.

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