MBA Starting Salaries vs Cost of Studies
Are you wondering if an MBA is worth your time and money? Is it worth taking a risk and leaving your current job for an MBA degree? If you are an undergrad, is it better to go for a higher degree straight after your bachelor’s? All these questions and worries are worth mentioning because it plays a critical role in helping you decide whether you should go for an MBA or not.
It is said that money can’t buy happiness, but a larger wage isn’t likely to make you unhappy, right? Making more money is one of the top professional aspirations of prospective MBA students, and alumni survey results suggest that their post-MBA wages do not disappoint. Nearly nine out of ten MBA graduates agree that their degree boosted their earning ability, and nearly as many ranks their degree’s overall worth as good to outstanding.
Employers are attracted to MBA graduates because of their diverse skill sets
MBA programs offer a broad-based, generalist curriculum that covers a wide range of topics vital to business leadership, giving students a firm foundation in the key principles that will guide their career growth for decades.
Looking at the times ahead, recruiters predict their demand for strategic thinking will only increase. Managing strategy and technical innovation will experience growing demand in the coming years. This is an excellent indication that vouching money in your strategic thinking abilities now will have exponential career benefits in the future.
Consider the ROI
Without a doubt, the cost of studying abroad is higher than the cost of education in India. The price will differ depending on the university, location, and length of the program. As a result, it’s critical to pick universities that fit your budget. Another way to look at finances is from the perspective of long-term return on investment, rather than from the expense standpoint.
Your education will not appear to be a burden if you carefully plan your finances. By being simple and practical, you can save money and prevent unnecessary spending. You can also augment your income by working on campus, teaching assistantships, research assistantships, or other occupations. The cherry on top is that working part-time gives you significant work experience. After completing your studies, you will have the opportunity to work for some of the world’s most prestigious corporations. In the majority of cases, pupils are able to pay back the money invested within just a few years of getting a job.
Starting salaries have seen a massive jump in recent years and it is predicted to grow even more in the next coming years. It is always better to start your journey with a head start, having an MBA from top schools gives you this advantage!
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