Focus on Growth in 2020 with an Online MBA
As 2019 came to a close, you probably found yourself reflecting: how’s my life going? What goals have I knocked out of the park? What goals haven’t I gotten to yet, but really want to tackle in 2020?
For many of us, our career goals can easily get put on the back burner. We want to climb the ladder, but we’re making it work where we are. We want to earn more money, but the old adage “you have to spend more to make more” frightens us and our wallets. We want to grow our network and expand our opportunity reach, but we just can’t seem to find the time. Sound a little too familiar? You know that 2020 is the year to put these goals at the top of your priority list. A surefire way to the path to the growth you’re seeking? Start your online Master’s in Business Administration (MBA) at Montclair State University’s Feliciano School of Business.
Grow Your Career Opportunities
Whether you’ve just graduated with a Bachelor’s degree or you’ve been in your field for 5, 10, or 15 years, an MBA degree can propel your career forward. Many fields have seen a rise in the number of people obtaining MBAs, including fields like STEM, which have historically been thought (due to misconceptions) to be excluded from the benefits of obtaining an MBA. Those misconceptions include:
- MBAs are only for people with business and finance careers
- MBAs are too hard to complete while working
- MBAs aren’t worth the investment
While you certainly need to ensure that pursuing your MBA is a wise decision for you and your goals, the misconceptions above are easily debunked. You can evaluate your career goals and determine how an MBA fits into your future while realizing that an MBA is a benefit to many career paths, many MBA programs are now geared toward working professionals, and MBAs can have both short- and long-term returns on their initial investment.
Grow Your Earning Potential
Earning potential for MBA-holders in the U.S. is on the rise. According to an annual survey by the Graduate Management Admission Council, the median starting salary for business school graduates hit a new high of $115,000 in 2019.
Of the responding companies in the same study, 56% plan to increase MBA starting salaries in 2019, which is a greater proportion than those who plan to increase starting salaries for bachelor’s and direct-from-industry hires. The trends are clear: earning your Master’s in Business Administration grows your earning potential.
Grow Your Network
You probably hear from your alumni association more than you think you should (“come to this soiree”, “donate to this cause”, “help us with this project”) but when is the last time you sought them out?
Alumni associations have excellent benefits when it comes to growing your network. When you drill down into a specialty like an MBA, those benefits become even more valuable. From attending events and meeting new people to browsing the online directory to make an introduction to someone in the field or company you’ve got your eye on, there is no doubt your alumni association can help you make the connection you need. As an added bonus, universities also have career services that can provide you with a variety of additional resources to help you reach your goals. At Montclair State, our alumni network has over 130,000 professionals in virtually every field, across all fifty states and spanning 75 countries; this exclusive Red Hawk community will be right at your fingertips.
In addition to the alumni association, your MBA program will have a wide variety of students from all walks of life and professions. Each cohort has 20-30 students that you’ll have the opportunity to network and create lasting relationships with, both professionally and personally.
Take the Next Step
We know you’ve probably got a lot of questions around obtaining your MBA. To help you understand how to truly get the most value from your MBA program, we’ve put together an ebook to guide you through your MBA journey. Click here to download the ebook and start the journey toward checking “get my MBA” off your goals list.