Earning a Master of Business Administration Pays Off With a Lifetime of Returns on the Investment - and It's Not All About Salary
AUSTIN, Texas, May 19 /PRNewswire/ -- As the Great Recession continues to wind down, the news is full of stories about experienced, qualified people who've been out of jobs for months — and who are still looking for meaningful work. "This is the ideal time to invest in yourself by earning a Master of Business Administration degree," Dr. Donald Christian, Dean of Concordia University Texas' College of Business, said.
Recent studies show that people holding MBAs can make substantially more money over a lifetime than those with an undergraduate degree only. Depending on the graduate's industry and specialty, the pay increase may range from 10% to 82%. Research also shows that an MBA graduate will likely experience a return of investment on tuition within three-to-five years.
"While salary differential studies can be controversial, what can be stated definitively is that earning an MBA sets you apart," Christian said. "A Concordia MBA graduate will be a much more desirable hire and a considerably more valuable employee because he or she will have the training to be a strong leader, a critical thinker and a problem solver."
"Job satisfaction and overall life satisfaction increase with an education that is relevant and meaningful. The Concordia MBA is unique in its philosophy of developing the whole person," Dr. Linda Ford, Concordia MBA Program Director, said. "The Concordia MBA enables individuals to transform themselves in order to transform their communities."
Concordia University Texas launched its MBA program in early 2010. The Concordia MBA is designed for anyone with an interest in post-graduate business education who is looking for a rigorous program that fits into the life of a busy, working professional. The degree can be earned in two years with classes only one night a week.
Students are admitted into a cohort — they stay with the same classmates throughout the program. In order to attract students with diverse academic and professional backgrounds, Concordia is offering several options for students to meet prerequisites. Online study guides or lessons on CD will be offered to those lacking a traditional business education.
"Our students hone the 'hard' skills of accounting, finance, economics, marketing and business strategy," Christian said. "On top of that, they develop the solid leadership skills they need to make a positive difference in the workplace and beyond."
