The (Online) B-School Advantage The (Online) B-School Advantage
By Alexa Apallas
In a tight job market, job seekers need to find ways of making themselves attractive to employers. And in this “jobless economic recovery” where more and more jobs are being shipped overseas (many call center and IT jobs may be lost to India forever), an advanced degree offers some protection against being outsourced.
By earning an MBA degree, candidates can demonstrate: their willingness to learn, their entrepreneurial drive, and their commitment to a career in business — qualities that most employers are eager to find. And holders of an MBA gain skills that can help them launch a new business enterprise or move several rungs up the corporate ladder.
An MBA degree offers monetary benefits, as well. According to a 2003 survey by Salary.com, those with a professional degree earn an average of $81,000 a year, compared with $43,000 for those who have only a bachelor’s degree. BusinessWeek’s 2004 survey of 30 MBA programs turned up similar figures. Starting salaries
for graduates ranged from $74,000 at the low end to $100,000 at the high end, for an average of $84,031.
But despite the many benefits that earning an MBA can bring — increased job security, a higher salary, better business skills, prestige and better job qualifications — some potential students have been reluctant to enroll in traditional B-schools. The Graduate Management Admissions Council found that 78 percent of business schools suffered a drop in ap Details...
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