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
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?