If boosting your management prospects, leadership skills and earning potential are among your long-term goals, obtaining a Master of Business Administration (MBA) could be exactly what you need.
Here is how attaining an MBA can improve your job prospects.
The prestigious London Business School and China Europe International Business School reports pay increases of 134 per cent and 157 per cent respectively for people re-entering the workforce with an MBA.
Australia has one of the highest MBA salaries in Asia–Pacific, and the third highest MBA salaries in the world. The Graduate Management Admissions Council has reported that “globally, more than half of employers plan to increase starting salaries for new MBA hires in 2015, either at the rate of inflation (30 per cent of companies) or higher (21 per cent).”
While increased salary potential is a key driver to the degree for both entrepreneurs and corporate leaders, the scope for career progression and a range of job opportunities also play an important role.
It’s no secret that having an MBA qualification makes you a more desirable candidate. According to the Graduate Management Admission Council’s 2014 Corporate Recruiters Survey, over 80 per cent of companies in the Asia–Pacific region were planning to hire MBA graduates, which is a 20 per cent growth on previous statistics.
In addition to this, 69 per cent of the respondents to the 2015 survey described their companies as expanding and because of this were more likely to be seeking recent MBA candidates.
Employers and recruiters are enthusiastic about the range of skills MBAs can bring to the table. General Electric recruiter Chris Thomas asserts, "we've found that MBAs have the skill-sets to approach a wide array of projects from a multiple functional standpoint, as opposed to just being skewed to a finance or accounting-specific approach.”
As an MBA graduate, you will develop strong leadership and management skills, which can be applied to your workplace immediately. This ensures you’re well prepared to take on executive roles across a host of areas including accounting, business, corporate sustainability, finance, human resources, marketing, operations and tourism.
Getting an online MBA
Today’s students expect flexible education to enable them to fit their studies around current professional roles and other obligations. Excelsia College Online offers an MBA that can be completed entirely online, which can enable you to fast-track your career progression and enjoy a range of MBA job opportunities.
Find out more about our online postgraduate courses, including the online MBA, by speaking to one of our friendly Student Enrolment Advisors today on 1300 917 916.