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Online Masters Degrees in Business Can Give You An Edge
Once upon a time there were young people coming out of the Ivy Halls with new degrees in their warm little hands and brand new job offers to boot. Resting on their haughty haunches in comfortable corporate cocoons, they would fetch a lot of money. Regular promotions, annual bonuses and pay raises happened on autopilot for the next 40 years. No technology training or continuing education was desired – or required. Finally, the gold watch arrived, followed by the payment of the perpetual pension.
Those beautiful days of yesteryear are now over. In today’s increasingly complex marketplace, workers need to stay alert and on top of their game more than ever. Increasing technical skills and updating knowledge of the latest marketing and practice techniques are in constant demand. Mandatory continuing education is provided at least once per term. All of this is constantly happening under the ever present shadow of cutbacks, layoffs and downsizing. Yes, it’s time to open notebooks and netbooks, put your fingers around pens and keyboards. Be very careful. This class session, you are in for an amazing lesson.
The writing is on the wall
No, I’m not talking about the toilet graffiti you see during the brief breaks between book binges. I mean the cold hard facts that are compiled and regularly reported by none other than your faithful old Uncle Sam.
A 2007 U.S. Census Bureau report found that, on average, master’s degree graduates earned $13,000 more per year than bachelor’s degree graduates. Do the math: over 10 to 40 years, a master’s degree pays off big bucks, pennies — and meaning.
The numbers don’t lie; Neither is Uncle Sam. In total, those with a master’s degree enjoy an average of $400,000 more in lifetime earnings than those without this crucial degree.
Business is booming
Although numbers never lie, these numbers don’t tell the whole story. While master’s degrees are huge income boosters overall, some fields are more lucrative than others. Not all masters are created equal.
Data compiled through numerous research surveys and government agencies consistently reveal that business is one of the most popular online master’s degrees. As expected, there are good reasons for this. Take a close look at the following numbers from the Bureau of Labor:
Degree Name Median salary
Business Administration $64,925.28
Civil engineering $59,394.00
A win-win scenario
Online masters in business are particularly attractive to prospective students. You see, many working professionals desire promotions, but find themselves in the proverbial “glass ceiling.” Despite years or decades of extensive practical experience, many find that employers require more formal training.
Recognizing this, many executives yearn to dust off the books, put on the old thinking hat, and revisit academia. In the past, job responsibilities and myriad other obligations posed serious obstacles. Good news: the same technological revolution that requires higher education is also paving the way to get it! Finally, you get to think about a positive paradox for a change.
On the other side of the business equation, employers certainly value hands-on work experience. Nevertheless, they want reliable management capable of making fully informed judgments and implementing policies that consider all aspects of business operations. Formal education is the tie that holds it all together.
Everything is announced
The type of higher education offered by online masters in business offers:
1. critical thinking
2. school background
3. previous experience
Basically, the sum total is much more effective in solving business and industrial problems.
Advanced business degrees cultivate strong, critical thinkers who are proficient problem solvers in their specific industries. It is the caliber of management to whom responsibility can be confidently delegated. The academic distinction of an MBA demonstrates its ability to guide and motivate subordinates for the overall benefit of a company.
For employers and students, online business degrees offer incalculable benefits to all parties involved. Not only are you reaping the rich, remunerative rewards of grossly inflated lifetime earnings, but your employer will likely fund the fiasco with tuition reimbursement and other incentives. Factor in the huge advantage of continuing to earn while learning that distance learning offers, and you simply can’t lose no matter how hard you try. I know you will win, though. After all, your MBA means you’re a much better director. That’s all for today. The class is canceled for the moment.
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