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by Paul D. Rosevear
Does a master of business
administration degree fit your
educational, personal, and
career goals? Here are five
reasons why you might wish to
pursue a business degree, even
if you're traveling along a
busy, already-successful
professional path.
1. Boost your bottom line.
If you're a go-getter with
the perpetual desire to succeed,
chances are you've already made
some significant education
accomplishments along the way.
So what role would an MBA plan
in your scenario? Just ask
Martin Ramey, an attorney at a
California-based firm, who
decided to work toward his MBA
just as his law career was
launching. He knew he wanted
additional education, but was
hesitant about sacrificing his
experience as an attorney.
Similar to many other MBA
students, Martin wanted to use
the additional business
education to supercharge his
career.
"Law school does not prepare
lawyers to be good business
people, and being able to relate
to business people is critical,"
he says. "Secondly, a lot of the
issues we deal with are
business-related - a law firm is
a professional service like
anything else."
2. Put your own business
first.
Jacqueline Grade Raffi, vice
president for Shreve, Crump, &
Low Jewelers (Boston, Mass.),
wanted to build upon her
professional prowess with an
MBA, but couldn't seem to find
time to do so.
"After being out of college for
more than 15 years, I often
explored various MBA options,
but they still remained on my
life's to-do list," she says.
The best option for her was
finding an integrated approach
to the MBA curriculum, one
comprised of a blend of online
and in-class experience. "The
program I chose allowed me to
apply the lessons learned while
succeeding in business."
Being able to maintain a dual
life as both a student and a
career-minded individual is
something many distance learners
find helpful. "The concepts I
learned at NYU in my three years
acted as a catalyst to apply
theory to real-world problems,"
says Dan Aptor, director of
financial systems at NBC
Universal. Dan had already
earned an MBA in finance from
the University of Pittsburgh in
a traditional classroom, but
decided to pursue another
master's using online learning
at New York University's School
of Continuing and Professional
Studies in an effort to gain
theoretical knowledge in systems
and project management directly
relating to his job.
"I have significantly
accelerated my career, as I have
been able to bridge the gap
between finance and IT." Dan's
continual learning has led to
simultaneous continued career
success.
3. Specialize within a
specialty.
For many professionals, it's
not just about getting their MBA
that ensures success. It's about
making the most of their
experience, and that means using
advancements such as online
learning to best equip them for
their field of work - not just
give them a reason to ask for a
raise. The growing breadth of
curriculum afforded to online
MBA students affords them the
opportunity to dig into their
specialty. Degrees such as a
master of business
administration in health care
management or master of business
administration in media
management deliver specialized
training that is becoming more
attractive to career-minded
individuals than a general MBA.
The Physician Executive MBA at
University of Tennessee's
College of Business (Knoxville,
TN) is one such program. This
MBA is specifically created for
the business needs and hectic
schedule of a working physician.
"Students can learn whether they
are in a hotel, a hospital, even
traveling in an airplane,"
explains Michael Stahl, the
program's director. Since most
physicians are unable to leave
their practices for two years to
engage in traditional graduate
school, an online program is
often the only prescription for
advancement.
"The thing about online
education is it's not a static
program where you go sit in
class for two years and then get
an internship, and ultimately a
job," Michael explains. "You're
learning as you're working and
vice versa."
4. Get the job just beyond
your grasp.
For many professionals,
earning an MBA is the key to
opening a whole host of doors
that would otherwise be locked
to them. Deb Hagan, who gave
birth to her third child in the
middle of her coursework at the
University of Phoenix Online,
was willing to do whatever it
took to gain access to those
possibilities.
"I knew that an MBA could open
up more opportunities for me,"
she says. "I wanted to be able
to take the next step."
And the numbers show that
earning the degree is becoming
an increasing surefire way to
access the position just beyond
your reach. "All the signals are
there for the best
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