The MBA programs (Master of Business Administration) are currently at the forefront of the most prestigious and popular graduate programs in the world. Of course, one of the main reasons why MBA programs are so popular is that they provide the professional work force required by the business world, and the annual incomes of employees with an MBA degree are high. Another reason is that international companies prefer MBA diplomas. This is a small clue to climb your career steps a little faster.
Does The MBA Diploma Really Make A Difference?
We can say yes to this question briefly. One of the main reasons for international students to take MBA training is stated as starting with higher salaries. In addition, salary increases in the following years were observed to be proportionally higher due to the MBA diploma received.
Is The MBA An Expensive Program?
This question can be answered both in the form of yes and no. Because it is one of the most popular graduate programs, MBA programs are more expensive than other graduate programs. However, the issue that needs to be considered is the time and amount of return of these tuition fees. There are, of course, MBA programs with tuition fees varying from USD 5,000 to USD 80,000 per year. When choosing here, it is absolutely necessary to investigate the education programs of the universities and the time and the salaries of the students after graduation.
In the United States, the fees for 2-year MBA programs have risen to 104,000 USD in 2008-2014, with an increase of about 44%. In 2017, we see that these figures are in the 120 thousand USD band. Although the figure appears to be a high amount in the first place, the annual income to be obtained in the first three years after graduation is on average 140 thousand USD bands (compared to 2014, 12% increase). If this popularity continues at the same pace, it is expected that annual profits will reach 150 thousand USD in 2018. (*)
As a result, the MBA has always been an education preferred by students and employers in postgraduate programs. For this reason, students who want to work in a company that operates internationally will have to do research for MBA programs and plan an appropriate training in line with their budgets. It will be useful.