What Are the Pros and Cons of an MBA?

Pros of an MBA -  

Career progression -  Career progression - One of the key benefits of having an MBA is career progression. Some companies want to see their management-level employees have the accreditation.

Develop professional relationships -  One of the most overlooked advantages of an MBA program is the relationships that you form while studying the program. The people that you will meet during your MBA program are invariably ambitious and career driven.

Opportunity to switch careers -  One of the reasons that MBA graduates’ salaries are significantly higher than the national average is because of the opportunity to enter into more lucrative industries as a result of the qualification.

Cons of an MBA -  

Cost -  Obtaining an MBA can involve a considerable financial commitment. Tuition fees for an MBA program can cost anywhere from £15,000 to £70,000.

Time commitment -  Studying for an MBA takes a maximum of two years full-time and a minimum of one year, depending on the program and which country you are studying in.

Not a guarantee for a successful career -  Having an MBA is not a guarantee for a successful career. As many past MBA students will attest the qualification will get you your first good job, but it is up to you to get your second one.

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