There’s always been a high demand for the masters in business administration degree, which isn’t surprising considering the breadth of occupations and skills the program covers. However, in recent years a higher percentage of students have been pursuing an MBA than in the past, and there are several tangible reasons for this boost in popularity. Below we’ll look at the top four factors that have contributed to the increase in the popularity of MBA programs across the nation.
1. More Accredited Programs
In the past, there were fewer educational institutions offering masters in business administration courses. However, in recent years we’ve seen an explosion in the number of accredited MBA programs, especially those that operate online. With more options available, it makes sense that students would encounter and consider the MBA route more often than before. However, the larger number of programs also means it’s harder for students to choose one due to the comparison process being so extensive.
2. The Rise of Internet Entrepreneurship
With the web creating so many young, independent entrepreneurs, it is no wonder that the upcoming generation wants to follow suit and equip themselves with the skills needed to succeed in business. While most degrees represent a commitment to a long-term career in a specific industry, an MBA is more like a gateway into the management of almost any business. In that way, it is more of an option for someone who is highly ambitious and confident in their ability to become the leader of one or more companies.
3. The Convenience of Online Degree Programs
MBAs aren’t the only degree types becoming more popular nowadays. With online universities popping up left and right, it’s easier than ever to study at home and earn a degree in your spare time. This is not only convenient it also allows many students to pursue their education who would not otherwise have the time do so due to financial and social obligations.
4. Job Eligibility in Many Fields
One of the most crucial considerations when comparing prospective degrees is the level of employability you’ll enjoy once you’ve earned your credentials. Some fields have higher unemployment rates than others, and some fields offer the potential for better positions than others do. An MBA offers the best of both worlds – you get high employability in a diverse range of industries as well as the opportunity to pursue management-level positions in major corporations, while also leaving open the option of utilizing your skills for your own businesses.
Determining Whether an MBA is Right for You
An MBA isn’t the perfect degree decision for every student, but it is definitely a well-rounded option if you’re looking to be eligible for a broad range of management jobs in various industries or if you’re planning on eventually starting your own entrepreneurial endeavors. On the other hand, if you’re more interested in a stale career within a specific field of study and managing a business doesn’t sound like fun to you then an MBA might not be the right choice. Ultimately, it depends on your personal preferences and what you want to do with your future.