Examining the Pros and Cons of Studying for an MBA

Entrepreneur Spencer Schar earned his Master of Business Administration (MBA) degree from the University of Central Florida. He worked full time alongside his studies, averaging a 3.85 GPA for the two years. This article will take a closer look at the MBA program, exploring the advantages conferred by earning a Master of Business Administration.

1. Spencer Schar -
Examining the
Pros and Cons of
Studying for an
MBA
Entrepreneur Spencer Schar earned his Master of Business Administration
(MBA) degree from the University of Central Florida. He worked full time
alongside his studies, averaging a 3.85 GPA for the two years. This article
will take a closer look at the MBA program, exploring the advantages
conferred by earning a Master of Business Administration.

2. The Cost of an MBA
Significant Expense
With top business schools
charging anywhere up to
$100,000 for the program, an
MBA is a significant expense
for recent graduates, taking
most out of the workforce for a
significant period.
Career Enhancement
Nevertheless, earning an MBA
can enhance a professional's
career opportunities
significantly, improving their
prospects of promotion and
increasing their compensation.

3. What is an MBA?
1
Graduate Degree
A Master of Business
Administration is a graduate
degree that focuses on
business, finance,
entrepreneurship, and
management.
2
Significant
Investment
Although tuition fees can
represent a significant
expenditure for recent
college graduates, they pave
the way to higher quality
employment and better
quality jobs.
3
Return on Investment
When deciding on an MBA program, graduates need to weigh up
the return on investment, i.e. the cost of the program versus the
salary obtained from employment after graduating.

4. Popular Jobs for MBA
Graduates
Business Consultant
Advising companies on business
strategies and operations
Financial Analyst
Analyzing financial data and
market trends
Marketing Manager
Developing and implementing
marketing strategies
Entrepreneur
Starting and managing their own
businesses

5. MBA Coursework
Core Subjects
MBA coursework covers a broad
spectrum of business-related subjects
including economics, management,
accounting, statistics,
entrepreneurship, and
communications.
Career Preparation
The program is not only intended to
prepare students for work in financial
institutions but also provide them with
the skills necessary for management
positions or provide a firm educational
footing for founding their own
company.
Real-World Focus
While academic excellence is an
important foundation for the MBA
program, business school is orientated
towards real-world professional
outcomes, providing students with
valuable work experience in their
decision-making processes.

6. EMBA Programs
1
Target Audience
EMBA programs, for example, are targeted towards older
individuals who are already in the workforce, serving in
leadership or management roles.
2
Emphasis on Experience
Therefore, they place a much heavier emphasis on the
professional networks and work experience students
bring to the table rather than focusing purely on
academic records.

7. Considerations for Young
Professionals
1
Investment
For young professionals, earning an MBA demands a
considerable investment of time, effort, and money.
2
Careful Consideration
It is therefore vital for graduates to stop and really think
about whether the MBA program is the right route for
them.
3
Long-Term Benefits
As the full benefits of an MBA can take several years to
realize, students need to consider their motivations
carefully to ensure they are in it for the right reasons.

8. Key Benefits of an MBA
1
Career Advancement
Improved job prospects and potential for promotions
2
Increased Earnings
Higher salary potential in various business roles
3
Networking Opportunities
Building valuable professional connections
4
Skill Development
Acquiring a diverse set of business and management skills