Returning to school when you have a full-time job and a family requires sacrifice and hard work, and you want your investment to pay off.
There are several reasons you may be interested in going back to school. Whether you want to ensure your education stays up to date or you’re looking for career growth opportunities, a Master of Business Administration (MBA) can help prepare you for management and leadership roles in an increasingly competitive work environment. There’s an additional consideration, too—more U.S. jobs are requiring an advanced degree, like an MBA.
Before exploring MBA career paths, let’s discuss how this advanced degree can prepare you for today’s complex business environment.
Today’s Jobs Increasingly Require Academic Preparation
The U.S. employment landscape has changed dramatically. According to the 2016 report “The State of American Jobs” by the Pew Research Center, the number of U.S. jobs that require post-secondary education has increased. The report cites two primary reasons: the decline in manufacturing and an increase in knowledge-intensive jobs.
Manufacturing jobs have declined by one-third since 1990, and now the number of jobs that require educational preparation has doubled, thanks to new positions available in health care, education, and other sectors.
Individuals With Degrees Are Less Likely to Be Unemployed
The U.S. Bureau of Labor Statistics (BLS) reports that those with an advanced educational credential are less likely to be unemployed. In 2017, unemployment levels were:
- 2.2% for people with a master’s degree
- 2.5% for people with bachelor’s degree
- 3.4% for people with an associate’s degree
- 4.0% for people who have some college but no degree
If pursuing employment in an in-demand business field is your goal, consider preparing for your future with an MBA.
What Can You Do With an MBA?
Here are a few of the wide range of job opportunities you could pursue with an MBA and the expectations for job growth in those fields in the coming years.
Administrative Services Managers
These people plan, direct, and coordinate all the supportive services of a company. Although their responsibilities may vary by industry and the specific organization they work for, they’re usually in charge of maintaining the facilities and activities related to recordkeeping, mail distribution, and office upkeep. While the BLS states that a bachelor’s degree is the typical requirement for someone to become an administrative services manager, holding an MBA may give prospective job candidates an advantage.
The BLS projects that employment of administrative services managers will grow 10% from 2016 to 2026, faster than the average for all occupations.
Also known as management consultants, people in these roles advise companies on how to improve efficiency. They make suggestions on how to become more profitable through reduced costs and increased revenues. According to the BLS, a bachelor’s degree is required to become a management analyst, but some companies prefer to hire someone who holds an MBA.
The BLS projects that employment of management analysts will grow 14 percent from 2016 to 2026, faster than the average for all occupations.
Construction managers may work from an office or on-site as they plan, budget, oversee, and coordinate construction projects. Although a bachelor’s degree is considered the entry-point for these positions, candidates who hold an MBA can bring in-depth business administration study required to earn the degree.
This position is expected to grow more rapidly than average, with 11% growth between 2016 and 2026, according to the BLS.
Social and Community Service Manager
If serving your community or humanity is your goal, an MBA can prepare you to become a social and community service manager. This leader manages social service and community programs that assist the public.
Although some positions only require a bachelor’s degree, the BLS states that some organizations require a master’s degree.
The BLS estimates that employment in this field will grow 18% between 2016 and 2026, much faster than average.
Elevate Your Value as an Employee With an MBA
You may want to earn your MBA to make yourself more attractive to new employers, land a job in a different field, or make a greater contribution in your current position. A Master of Business Administration from Purdue University Global is designed to prepare you for business management and corporate leadership roles, including positions in†:
- Management of information systems
- Human resources
*National long-term projections may not reflect local and/or short-term economic or job conditions, and do not guarantee actual job growth.
†Purdue Global cannot guarantee employment or career advancement.