New business graduates are making more than ever, working fewer hours and taking more weekends off. A recent study of financiers showed nearly 43% of new business school graduates will make $125,000 in their first year on Wall Street, up from 9% in 2013. According to a recent report by the Graduate Management Admission Council, the median starting base salary for recent MBA graduates in 2015 was $100,000.
More big boosts for MBA grads
There are other good reasons besides salary increases to earn your MBA degree; 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. Even if you are satisfied with your current position in business, a Master of Business Administration degree can prepare you to move into a managerial position within your field. Earning your MBA is particularly important in challenging economic times. It not only gives you an advantage in the global marketplace, but it also teaches you to be adaptable in an economy where career-switching and constant change are the norm, not the exception. Networking is another key benefit of pursuing higher education. Business school teaching styles encourage teamwork, and over the course of an MBA program, you'll develop important relationships that can serve you well throughout your business career.
Hiring demand up for MBA graduates
According to the GMAC report, the proportion of employers hiring recent business school graduates continues to trend upward. Globally, 84% of employers planned to hire MBA graduates this year, compared with 74% that hired grads in 2014.
Get paid to earn your MBA.
As today's marketplace changes and becomes increasingly complex, many employers are choosing to balance their need to retain good employees with their need to fill managerial positions with candidates possessing advanced-level knowledge and skills. Some are sending selected employees to business school – and footing the bill. As opposed to on-the-job training, an MBA program will put you on the fast-track to career advancement by offering you the chance to develop a wide range of necessary business knowledge and a range of technical skills in a relatively short period of time.
About our flexible, affordable online MBA.
Spring Arbor University Online offers an accredited and affordable online MBA program designed for busy professionals.
- Get started quickly with no GRE/GMAT required and six start dates per year; graduate in as few as 18 months
- Fully accredited from an established, traditional university that is ranked by U.S. News & World Report as one of America’s Best Colleges
- Affordable tuition with a wide range of financial aid options to help make your professional goals a reality