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Takin' Care of Business (School)

By Kate McIntyre
Learning & Life Columnist

Graduates of MBA programs earn from $60,000 to $85,000 on average in their first year out of school. The additional training they receive makes them more attractive to employers, as reflected by their high salaries. If you already have some experience in the business field but aren't advancing as rapidly as you'd hoped, it might be time for you to consider going back to school. When you receive your business degree, you can re-enter your chosen field with a whole new set of skills to add to the invaluable firsthand experience you've already gained.

Options, Options, Options

The MBA is not your only degree option. Depending on your previous educational background, you might find that another degree is a better fit. For example, if you are a high school graduate, consider earning your associate's (a two-year degree) or bachelor's degree (a four-year degree). The credits that you obtain while getting your associate's degree generally can be transferred to a bachelor's degree program if you decide to continue your education.

Online May Be the Answer

If you have a busy life already, adding the pressure of a business degree program might seem overwhelming. However, balancing the demands of your schedule has never been easier. Many well-respected business schools now offer flexible online degree programs that can suit even the most hectic lifestyle.

Putting Tuition Costs into Perspective

If you feel intimidated by the high price of degrees like the MBA, which can easily run $40,000 a year or more, remember that there is a payoff. The higher salaries business school graduates tend to command help to make up those tuition costs. In fact, business school can pay for itself in as few as two to five years. And best of all, your new degree can net you the prestigious position in your company that you have always deserved.

Sources

• College Journal Salary Data
• Forbes Magazine

About the Author
Kate McIntyre, a fiction writer in Portland, Oregon, holds an M.F.A. in fiction writing from Oregon State University.

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