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What doors can an MBA open for someone?

I've been heavily encouraged by my family, peers, and some advisors to eventually seek out an MBA after attaining a degree in Finance or Economics and i'd just like to know what opportunities having an MBA can lead to.
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Victoria’s Answer

Hi Charles,


This is such a great question! An MBA can open so many doors for you because an MBA gives you a great foundation in a variety of business subjects from marketing, to finance, to accounting, to management information systems, to human resources. At the end of your studies you take a capstone course that allows you to use and apply all the courses you took during your program. An MBA is hard work but it is so worth the effort. You meet exceptional teachers and students. You can even pursue an MBA while working. I was not sure that I would use all the classes I took but when I graduated and started working I use everything I was taught every day. This is a very useful degree because it teaches you the language of business and commerce. There are even MBAs in government, industry, STEM (Science, Technology, Engineering, and Math careers, and the arts. MBAs are literally everywhere and employers hire MBAs because they know that you have a well-rounded business education. MBAs are often combined with a specialty like cyber security, human resources, finance, area studies/languages, and many other fields.


I have included a link to a good article to give you an idea of how versatile this degree choice really is.


https://onlinembapage.com/25-best-things-you-can-do-with-a-mba-degree/

Victoria recommends the following next steps:

Check out the link, try to find other articles about MBAs, look at the bios of executives and professors. Read as much as you can. Find an industry you really like and try to do an internship or shadow an executive.
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Daniel’s Answer

The MBA definitely helped open doors for me, especially since I was switching careers. For my scenario where I wanted to switch careers I think it would have been much harder to do without an MBA, the MBA definitely opened a lot of doors there. I can't speak much to the scenario where you want to stay in your industry but I think there's definitely still a lot of benefits.

I will say that I think one of the main benefits on an MBA is the network you create. By default doing an MBA at my school made it really easy to reach out to alumni in the industry and make connections. I also now have former classmates in multiple companies who I could reach out and I know they would help me if I wanted to move to another place.
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Tiffany’s Answer

It honestly depends... What is your experience going to be beforehand? Where are you getting your MBA?  I found when I moved from one city to another, the MBA was not as valuable as my experience and connections in the new city. If you plan on staying in the city/state that you get your MBA, it may be more valuable, because of the networking available in your market... OR, if you are getting a degree online or can get the degree with the company you work for, this may be more valuable and open doors for you within the company.

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Mark’s Answer

MBA really can open doors in many industries; to me the key for most of the MBAs in my class was where you interned between 1st and 2nd year. That has a high probability of where you end up landing a role if you succeed in your internship.

In addition, most MBA programs have strong alumni following which will give you the opportunity to meet alumni in all industries, locations, and backgrounds. This was probably the biggest "doors" that it opened as it allowed me to really become much more inclusive and much more understanding of broader industries and locales and the specific cultures there.
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Richard’s Answer

Charles,

In the Tech industry, especially with open posted business leadership roles, you will often see "MBA Preferred." It can give you an edge when being considered for a specific position. It shows companies that you are able to achieve a difficult goal. In my MBA program, it was heavy collaborative work. To succeed, you have to be able to work together on teams. Many of the people you meet will become part of your network and you may find that future job opportunities may present themselves through those that you went to school with.

All the best!


Richard
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Jared’s Answer

An MBA was critical for me to get where I am today. I left the military and went into a top MBA program which lead to an internship and full time position in the consulting arm of one of the big 4 accounting firms. My professional profile without an MBA does not exist in any of the jobs that I have had since. This isnt true for many other career paths, but there are a select number of career paths where it is absolutely required. Even when it isnt required, it can accelerate your career relative to peers.
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Vinay’s Answer

It depends on your major and your interest. I did it in Entrepreneurship and it was an amazing experience. It can open a lot of options for you. In first year, we had marketing, finance, MIS, operations and sales. So, we got an idea of almost all the departments in a company.
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