When it comes to deciding whether or not to get a masters degree, there are lots of things to take into consideration. For some fields, it is much more difficult to get a good job with just a bachelor’s degree, and in some cases, a master’s degree can give you an advantage in the job market. Billionaire Tilman Fertitta tells readers that there are several distinct advantages to getting an MBA.
From a deeper understanding of business to an additional sense of entrepreneurship, here are some advantages to getting an MBA, supported by billionaires who work in the business world.
Fertitta points out that there are some people who are naturally good at business. These people might not need an MBA, but it is still a worthy degree to pursue. Not only is it a degree that is consistently being hired by companies, but an MBA also helps people learn more about the business world. A field that is quickly growing and changing, an advanced degree can help anyone gain a familiarity in a more specific branch of the field than is possible with just an undergraduate degree. This will allow students to both enhance their strengths and counter their weaknesses, making them more well-rounded than they were before gaining their MBA.
Deeper Understanding of Business
Fertitta personally advises an MBA because getting a masters degree means learning more about the intricacies of the business world. He says that even though an MBA can be expensive, it is worth it. There are things that can be learned from advanced studies that are harder to learn in other ways. The skills learned as an undergraduate are good ones, but he points out that the additional study and opportunities learned at graduate school are a major benefit.
In addition, online MBA programs can be very flexible. This allows for more time to learn skills while still helping develop those crucial skills quickly, even more quickly than through working with an undergraduate degree. Schools that offer online MBA degree programs, like Rutgers Online, support Fertitta’s point and further lay out the many advantages to continuing on to earn an MBA.
Another advantage to studying for an MBA is the opportunity to meet well-established entrepreneurs, those who are currently working and those who have retired. The chance to meet and learn from these people offers students a chance to build their network of professional contacts. The lessons learned will also allow them to add to their existing skill-set, which will help students figure out the place where they belong in the business world. The skills learned in an MBA program can help students who are interested in starting their own businesses. These include everything from business plans to knowing how to effectively run a business.
Although the cost of gaining an MBA can be high, there are many advantages to having one. With more companies wanting students with a higher degree and the advice of wealthy businessmen, the pros seem to outweigh the cons. From a deeper understanding of business practices to preparing to own a business, there are many reasons to consider an MBA.