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High profile organizations and leaders around the world recognize the outstanding value of an MBA. In fact, the MBA continues its popularity due to the incredible return on investment (ROI).
According to research conducted by GMAC, MBA graduates:
- Have a higher percentage of career options and increased earning power.
- Are most likely to receive three or more promotions that involve change in job title and pay range.
- Exhibit improved strategic thinking abilities.
- Exhibit improved networking, leadership and creative skills.
While it takes an average of 17 months for an organization to gain its return on the investment by sponsoring employees in MBA programs, the overall increased value to the organization includes:
- Increased likelihood of employee retention
- Increased employee promotability
- Increased employee productivity
- Improved quality of work from employee
- Improved leadership skills in employee
- Improved management and technical skills displayed by employee
- Improved client/customer satisfaction
- Increased amount of newly generated business by employee
- Increased number of awards or recognition received by the employee
- Increased in ideas or patents
Additional Resources
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The Master of Business Administration: Is the MBA Worth the Time, Effort, and Cost? Quintessential Careers, 2007
This article will take you through all the important issues you need to contemplate before making your decision of whether -- and when -- to obtain your MBA.
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MBA or Bust Pink Magazine, 2007
Ladies, have you been thinking about continuing your education? Here's why going back to school can ignite your career.
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3 Ways to Make College Pay for Young Entrepreneurs U.S. News & World Report, June 6, 2008
The bigger question, then, for an entrepreneur, is not "Should I go to college?" but, instead, "What should I do while I'm there?" Depending on your field of interest, going on to graduate school can help a lot. A recently published study found that having an M.B.A. meant that a tech entrepreneur on average founded a startup 13 years before others.
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The Trouble with MBAs Fortune, April 23 2007
Employers are finding that freshly minted graduates lack key interpersonal skills, so B-schools are changing to ensure that quantitative geniuses also learn how to hug it out.
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Can an MBA help women in business? Microsoft Corporation, 2007
Do women in business actually benefit from getting that MBA degree? Does an MBA boost the chances of success for women entrepreneurs? The answer is sometimes and maybe.
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Examining the Value Added by Graduate Management Education Graduate Management Admission Council ® (GMAC®), December 22, 2006 (PDF, 146 KB)
The purpose of this research report is to directly address the controversial issue of the value of getting an MBA degree by using large datasets collected by the Graduate Management Admission Council® (GMAC®), the organization that administers the GMAT exam.
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