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- What kind of work does an MBA allow you to do?
If your present career path is a less than a perfect fit for your aptitudes and interests, one of the benefits of an MBA program is that it allows you the flexibility to explore your options and provides you with the training you need to change careers. If you're satisfied with your current line of business, a master of business administration degree can prepare you to move into a managerial position within your field. - I'd like to start working soon. How long does school take?
An MBA program typically takes two to four years to complete, but the good news is much of your program's length is in your and your circumstances' control. There are several types of programs to consider and if you're in a hurry and working in the field in which you want to earn your MBA, an accelerated MBA program may allow you to complete your program in one year instead of the usual two. You can also consider online MBA programs, which allow you to complete your coursework at a flexible pace. - My budget is limited. How much does it cost?
Depending on what school you apply to, the cost can vary. The National Center for Education Statistics reports the average cost of a two-year MBA program is $38,628, though online MBA programs may help you save some money. Choosing an accredited program may give you the opportunity to apply for financial aid to help pay for your education, and if you're earning an MBA to advance in your current role, you should ask about tuition reimbursement from your employer.
- It's been awhile since I've been in school. How hard are the classes?
MBA programs prepare you for senior roles and as such, your classes are geared to that outcome, so they'll be challenging and sometimes rigorous. From corporate controllers to executive directors in nonprofit agencies and from independent consultants to business owners, graduates of MBA degree programs position themselves for diverse professional opportunities throughout their careers. - How much money can I make with an MBA?
Your salary will entirely depend upon what area you choose to put your MBA to work. As an example, Financial Managers with an MBA in Finance earned a median annual salary of $156,100, while an HR Manager with an MBA in Human Resources earned $136,350. But as a rule, you'll earn more with an MBA: The U.S. Bureau of Labor Statistics 2023 Education Pays study reports that bachelor's degree holders earned a median weekly salary of $1,334, while master's degree holders' weekly median pay was $1,574.
Source: U.S. Bureau of Labor and Statistics, 2023 Occupational Employment Statistics - How can All Business Schools help me?
All Business Schools is dedicated to empowering you on your career quest by being a trusted resource for information that will help you advance your career and improve your life through education. Whether you're looking for a classroom program or online school, you can study our library of career and education resources, and then search from thousands of accredited programs in our database to find a program that's right for you.