An MBA (Master of Business Administration) degree is hardly ever a bad idea, but that all depends on you, your personality, goals, and skill set. Not everyone's cut out to become an administrator or business owner, just as not everyone wants to become part of the finance world.
Then again, if you're a small business owner or have aspirations, if you want to move up in your company, or if you're just the type of charismatic individual who epitomizes the idea of being a people person, then yes, an MBA program is probably right for you. As with any other big decision, it's essential to look at the possible advantages of getting your master's. After all, there's no way of knowing if you should get an MBA when you don't know how it benefits you.
It's Not Just For Business
It's true that most MBA graduates go on to work in the financial sector or become consultants, but it's not a requirement. By all means, go for your degree now if you're interested and talented in those fields.However, the knowledge you learn from your program seamlessly transfers to other sectors. With your master's in business, you'll qualify for any administration job, but you'll also stand out as a leader in tech, government, consumer goods, and a variety of other industries. A desire for strong leadership skills is an indication that this is a smart career decision.
Out-of-This-World Job Security
Don't believe the hype that college has no purpose anymore. The major matters, as well as the continuing education. By taking steps to get your master's, you're a bigger, meatier catch in your sector. Your current employer will want to keep you, and prospective employers will want to land you. Experts are always essential, and everyone wants the best of the best. In some cases, your job might even pay for you to get your master's. It never hurts to ask, at least.
A Higher Chance of Getting Hired
In addition to job security, an MBA degree increases your chances of finding a job. There's demand for graduates who have an MBA, and many places are more than willing to invest in giving you the experience you need to meet your qualifications. Furthermore, your degree makes you stand out in a marketplace that's choked with job seekers. You know how cutthroat the job market is right now, and in how many different sectors. You have to take your legs up where you can get them, and it always reflects well on you if you take it in your own hands to increase your knowledge and expertise.
More Money, More Money
Simply put, post-graduates with MBA degrees are typically offered higher salaries than their peers who only have a bachelor's, or no degree at all. As mentioned, employers are happy to pay for your skills and your smarts. Higher salaries commensurate with your education are in your future if you achieve your degree. You won't have to worry about starting at the bottom in an entry level position, either. We're talking top exec level.
Valuable Networking Opportunities
Going back to school for an MBA opens up a world of networking potential that can make your career. Business schools take care of their alumni, plus when you attend, your peers teach you just as much as your professors—both in and out of school. With that in mind, realize that larger programs provide more opportunities, yet there's an intimacy associated with smaller MBA programs.
Is this the right step for you? Ultimately, you're the only one who can decide. However, if you want to stand out as a leader whose skills and knowledge command respect across the board, then yes, you should get your MBA degree.