Many job seekers are finding that the market is not what it used to be, and millions of qualified individuals are being shut out of a chance at employment. Because the job market has become more competitive, some people are returning to school to pursue an MBA degree in order to stand out to potential employers.
Despite the cost of an MBA, some individuals feel it's worth the price as those who hold the degree earn an average of 20 percent more a week than those with a bachelor's degree, according to the Wall Street Journal. Additionally, some believe that putting the job search on hold during a financial crisis in order to go back to school will only provide benefits in the long run.
According to USA Today, a number of workers went back to school after being laid off of their previous profession. It's been recommended that MBA students have some work experience they can adapt to their programs.
Having an MBA may increase your chances of employment. According to the Bureau of Labor Statistics, the unemployment rate for an MBA is lower than for individual's with bachelor's degrees alone.
