Benefits of a Master of Business Administration Degree
Saginaw Valley State University's MBA program is designed to allow you to proceed at your own pace and personalize your program through a choice of concentrations and electives. Moreover, other benefits of an MBA include the following:
1. Versatility
“The strength of the MBA degree is its versatility. People who hold the MBA degree are small business owners or involved in international business. They are solving community problems from the helm of a non-profit organization, and they are making millions developing strategies for the world’s largest companies. Whether they are volunteering their time, or earning a very healthy living, MBAs are making things happen every day.”
--Diversity Pipeline (visited February 2007)
2. Mobility
According to the Graduate Management Admission Council (the organization that produces the GMAT), 54% of graduating MBAs surveyed in the Global MBA Graduate Survey 2004 said that they were using the MBA as a means of changing career tracks.
“We have long referred to the MBA as a global currency—a degree that symbolizes value all over the world. To many people, the value comes in the form of career mobility,” said David A Wilson, president and CEO or GMAC. “In an era when people don’t tend to stay with one company or job track for their entire career, the MBA is allowing them to take control of their careers and change course when they want or need to.”
--Graduate Management Admission Council (visited February 2007)
Ann Nowak, manager of college relations at Liberty Mutual Group, a global insurance company based in Boston, says this about the MBA, “We’re interested in people who have geographic flexibility upon finishing the program. We’re an organization with close to 900 U.S. locations. Our regional operations, many of which are stand-alone small businesses, need managers. The more geographic flexibility you have, the more career options you will have.”
3. Return on Investment
"Over the past decade, an MBA's average ROI has been three times the return on Treasury Bills, ten percent better than triple-A bonds and four percent better than the Dow Jones Industrial Average.... Getting a plain vanilla MBA today is like receiving a tax-free cash award of more than a half million dollars."
Antony Davis and Thomas W Cline, "The ROI on the M.B.A.", Biz Ed, January/February 2005, 42-45.