When most people think of graduate students, they picture individuals in their early to mid-20s who recently earned a bachelor's degree. However, with the advent of the online master's degree programs, people of all ages are going back to school to pursue a higher-level degree. Online MBA programs in particular are valuable for people at all stages of their careers, equipping students with skills they can apply to almost any profession. Those interested in earning an online MBA in California should know that age in not a factor.
Read on for five reasons why you should consider earning an online MBA degree, no matter where you are in life.
An MBA can improve your career trajectory
One of the reasons people of all ages consider enrolling in an online MBA program is the opportunity to advance within their careers. The University of Redlands’ online MBA program provides students with an opportunity to specialize in a business area, which in turn allows a more targeted focus for a position in line with their personal and professional goals.
According to U.S. News and World Report, many employers across the country like to hire candidates with an MBA. Approximately 96 percent of employers believe that employees who have an MBA add value to their organizations. Many students who graduate with an MBA go on to pursue leadership opportunities, either as managers, executives, or business owners. These career benefits are realized for graduates of any age.
Earning an MBA will likely increase your salary
Naturally, financial stability is a driving factor for many students who choose to enroll in an online MBA program. As most graduates transition from the program into leadership positions, it’s not surprising that their salaries increase along with their new roles and responsibilities. While MBA graduates in their 20s and 30s have a longer time throughout their career to enjoy this higher salary, those in their 50s and 60s can benefit from increased income.
According to the Bureau of Labor Statistics, individuals who hold a master’s degree enjoy, on average, a $12,000 per year wage premium.
Online MBA programs offer a high return on investment
One thing that all students looking to continue their education must consider is the return on their investment. Higher-level degrees offer advanced opportunities––but they often come at a cost.
Fortunately, online MBA programs can offer a high potential return on investment. They generally have lower tuition rates and fewer additional costs as well as the flexibility to progress through the program at one’s own pace. Students who enroll in an affordable online MBA program can earn a valuable degree quickly––a perk particularly beneficial for students in their 40s, 50s, and 60s.
You will find classmates in the same stage of life
It’s easy to feel like it’s too late to pursue a new opportunity. However, the online MBA program has ushered in educational options for people of all ages and stages. It’s likely that you will connect with a classmate in your generation who is also in a similar stage of their career.
An MBA can provide you with personal fulfillment
Beyond the professional and financial benefits, one of the best reasons to consider pursuing an MBA is the significant personal fulfillment it can provide. Earning a master's degree is not something everyone accomplishes, and it's an achievement that you will be proud of. PBS.org encourages prospective MBA students to reach out to graduates who earned an MBA from the university they’re considering and discuss the benefits of their degree. Most graduates find pride in earning an online MBA from a notable university and don’t regret the effort they made to take the next step to continue their education.
Whether you’re in your early 20s and anxious to climb the corporate ladder or in your 40s, 50s, or 60s and want to finish off your career on a high note, now is the perfect time to consider enrolling in an online MBA program. At the University of Redlands, we offer an online MBA program that can provide you with the education, experience, and skills you need to take your career to the next level. To learn more about our program and MBA curriculum, contact one of our advisors today.