Is an Online MBA Worth It?
Deciding whether to pursue a Master of Business Administration (MBA) can be challenging since completing an MBA program can require significant investments of time and money. However, an MBA also offers several advantages that can provide a valuable return on your investment.
Still, finding the right program is crucial, as not all MBA programs are created equal. That’s why LSU Online offers access to two MBA options - the online Flores MBA and the MBA program from LSU Shreveport. Both programs are high-quality choices for anyone seeking a master's degree in business.
Interested in pursuing a business degree? Learn more about whether an online MBA is worth earning below!
Benefits of Earning an MBA
In 2021, the Graduate Management Admission Council (GMAC) found that 70% of MBA graduates felt their graduate business education was excellent, and 87% found that an MBA increased their employability. What are some of the benefits that make the experience so positive?
New Knowledge and Skills
An MBA program can help you develop essential knowledge and skills for success in the modern business world. MBA programs typically cover a broad range of topics, including finance, marketing, management, and leadership, giving you a comprehensive understanding of business operations. During the program, you will learn to analyze data, make strategic decisions, and manage teams effectively. MBA programs often include experiential learning opportunities, such as internships and consulting projects, where you can apply your new abilities in real-world settings.
Increased Earning Potential
An MBA may also lead to increased earning potential. According to the Graduate Management Admission Council, the median salary for MBA graduates in the United States was $115,000 in 2022, which is substantially higher than the median starting salary for bachelor's degree holders ($75,000). Additionally, two-thirds of business graduates reported they advanced at least one job level after earning an MBA, and 97% of recruiters say they hired MBA graduates in 2021.
According to Investopedia, professionals who gain the most from an MBA are those in the financial and business sectors, company owners and entrepreneurs, and those in management roles. U.S. News & World Report notes that consulting, technology, and healthcare are also sectors where an MBA can result in a more competitive salary.
Improved Career Options
An MBA can unlock new career prospects and provide you with a competitive edge in the job market. The degree can also offer opportunities to switch to a different field or start a business. MBA programs prepare graduates for roles in various industries, including finance, consulting, marketing, and operations. Many MBA programs offer options for specialization, allowing you to focus your studies on a specific area of interest and strategically plan for a career in the field of your choice.
Is an Online MBA Worth It If You Just Got a Promotion?
If you recently received a promotion, you might think earning an MBA is no longer necessary. However, obtaining a business degree can still bolster your knowledge base to help you excel in your new role. An MBA can teach you the management and leadership skills necessary for taking on higher-level positions. You can also learn other valuable skills such as strategic planning, financial management, and decision-making that can help you become a more effective and efficient leader.
Is an Online MBA Worth It In Uncertain Economic Times?
During uncertain economic times, investing in an MBA program might seem risky. However, an MBA can prove extremely valuable during times of economic instability for several reasons:
- An MBA can open up opportunities to switch to a more stable industry or position.
- Many industries and companies rely on professionals with advanced business degrees. An MBA can make you more competitive in the job market, increasing your chances of finding a stable job.
- MBA programs can provide you with the knowledge to help you navigate challenging economic conditions and succeed in your career.
- You will learn valuable skills in risk management, financial analysis, and strategic planning that can help you make better decisions and adapt to changing economic conditions.
- Earning an MBA can also create a valuable network of professionals and alumni who can offer guidance and support throughout your career. This can be especially helpful during uncertain times, as having a strong network can help you stay informed about job opportunities and industry trends.
Characteristics of Valuable Online MBA Programs
When considering an online MBA program, it is important to choose a high-quality program that meets your needs. A valuable online MBA program should have a rigorous curriculum that covers advanced business concepts and provides opportunities for practical experience. Additionally, the program should offer options for specialization to align with your career goals and interests.
A Rigorous Curriculum
A high-quality MBA program should have a curriculum that offers students the chance to develop essential skills for the modern business landscape, which requires professionals to navigate complex challenges and make sound decisions based on several competing factors. During their MBA program, students should engage in diverse learning experiences that enhance their ability to think critically, analyze data, and communicate effectively with stakeholders. A high-quality MBA program should also encourage collaboration and teamwork, which is often crucial to success in the business world.
The Flores MBA and the online MBA from LSUS are both designed to provide students with a comprehensive understanding of business fundamentals while offering advanced courses focused on specialized topics. Additionally, both programs incorporate practical learning opportunities to help students apply their newly earned knowledge and skills in real-world settings.
Options for Specialization
An MBA curriculum provides a broad understanding of various business functions, such as accounting, finance, marketing, operations, and strategy. However, one of the most significant advantages of pursuing an MBA is the opportunity to specialize in a particular area of interest. With the ability to choose a concentration, MBA students can gain in-depth training in a specific industry or field. This specialization may significantly enhance their career prospects and contribute to their long-term success.
Both the Flores MBA and the online MBA from LSUS offer a variety of concentration or specialization options, including entrepreneurship, finance, healthcare management, and emerging technology. By choosing a focus that aligns with your career goals and interests, you can tailor your MBA program to meet your specific needs and increase your chances of succeeding in your chosen field.
Online MBA Options Through LSU Online
If you are interested in pursuing an online MBA, LSU Online provides access to two high-quality options to meet your needs. The online Flores MBA and online MBA from LSUS are designed to provide students with the education needed to excel in today's fast-paced business world.
The online Flores Master of Business Administration is offered through the LSU E. J. Ourso College of Business. This immersive learning experience delivers a customizable pathway that meets their specific career goals. Students can choose from industry-relevant specializations in Emerging Information Technologies for Business, Data Analytics, and Healthcare Management.
Students engage with peers and faculty through a project-based curriculum and social communities of discussions and learning. These platforms pull students into the content and provide invaluable networking opportunities with professionals from across the globe.
The online MBA from LSU Shreveport is a dynamic, highly customizable degree that allows students to achieve their career goals in many high-demand areas. This affordable program offers a comprehensive curriculum, with options to choose from several relevant concentration options:
- Data Analytics
- Entrepreneurship and Family Enterprise
- Hospitality and Casino Management
- Human Resources
- International Business
- Project Management
The MBA from LSUS offers a valuable and accessible option you can complete in as few as ten months. This quality, affordable degree is designed with optimum flexibility for working professionals.
You can further research our available degrees and specializations or connect with an Enrollment Coach to determine which program is right for you. Our coaches have extensive knowledge about our programs and can help you make informed decisions about your education and career path.
Start Advancing Your Career Today
Whether you want to advance your career in business or start fresh with new skills and knowledge, an MBA can help you achieve your goals. Make the next move in your career and explore the online MBA options from LSU and LSUS today.
- Graduate Management Admission Council, Alumni Perspective Survey
- Investopedia, “When Is an MBA Worth It?”
- LSU Online, Flores Master of Business Administration
- LSU Online, LSUS Master of Business Administration
- U.S. News & World Report, “Find MBAs That Lead to Employment, High Salaries”
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