Would an MBA Help Her Reach Her Goals?

Mary writes:
Hi wondering if you can help with some advice. I am a 38-year-old managing a
mechanical business. In 2011 I completed a degree in business management
and cannot believe the value received from it. I have gotten a lot from the
experience — and I want more of it. My goal is to fully understand businesses
of all shapes and sizes. How beneficial would earning an MBA be to achieve
my goals?

The Career Doctor responds:
An article published in Business Week a few years back
was titled “Is the MBA Overrated?” One of the points the article makes is that from
their research the MBA degree is not a requirement to reach the upper levels
of management in U.S. corporations. However top executives who did have an
MBA earned almost 20% more than their counterparts without such a degree.
But I also think the logic of the article is flawed because while the MBA degree
has been around for a long time it’s popularity and importance really reached a
higher level starting in the 1980s — meaning that many of today’s top executives
are from an era when the MBA was not as popular as it is today. I think if we
were to do a similar study of mid-level managers instead of senior management
we would see a much different picture with the majority holding an MBA degree.
That said of course I am in favor of everyone continuing with their education. Life
should be an on-going learning experience and to not only move ahead in business
but to learn more about business you should consider obtaining an MBA.
What is an MBA? It’s a Master of Business Administration degree granted after
one to two years of graduate-level university study that provides training in the theory
and practice of business management. The MBA is basically a document that
certifies that you have a general competency in all the major functional management
roles you’ll find in the modern corporation.
Read more in this article published on Quintessential Careers:
The Master of Business
Administration: Is the MBA Worth the Time Effort and Cost?

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