It’s simple to see that obtaining an MBA can benefit you. Having a higher degree typically means a more extensive skill set, higher pay, and better job opportunities. However, how does getting an MBA benefit your employer?
How Will an MBA Benefit My Company?
Actually, when you improve your professional appeal, it has a direct impact on your company’s appeal as well, which is something most employers can benefit from equally. As recruiters browse career sites or other sources for professional recruitment, like LinkedIn.com, for potential new hires, one of the first things they look at is the candidate’s education.
Once the company has an employee who is willing to further their education while they remain loyal to the company, the employers are typically happy to help. They recognize there are a number of ways earning an MBA benefits your employer. We list seven of them below:
Benefits of an MBA to an Employer Include …
- MBAs Gain Leadership Skills
Your leadership skills become better and better the more academic experience you obtain after high school. There’s a definite difference between being just a “boss” and actually being a leader. This difference impacts employee morale and company culture. MBA programs have always provided some level of leadership training that can help in teambuilding effectively as well as other corporate situations. They can calmly evaluate most situations and lead others in taking the appropriate course of action.
- MBAs Are Critical Thinkers
MBAs can also assess a company by looking at their financials, however, that’s not the reason why employers prefer them. They look at the numbers and ask if they actually make sense in light of other realities. Going through the process of earning your MBA teaches you to think critically. And, no matter what occurs, this is a viable skill to have.
While critical thinking isn’t necessarily a course in the MBA curriculum, it is an ability woven throughout the program, especially through a case-study approach. Because of this, students are required to assess business dilemmas and come up with the best plan of action. Case studies generally reflect present issues, which is another benefit of MBA training.
- MBAs Show Improved Performance
Skills you learn in business school will better equip you to perform on the job. For hiring managers, they’re looking for that tipping point of educational excellence. An MBA holder meets post-graduate work qualifications as a standard degree supplement. To increase the value of the continuing education program, you may want to consider attending a school with ties to your local business economy.
- MBAs Are Loyal
One of the important components of company longevity is how much education an employee has. A great way to reduce the “revolving door” syndrome is to hire an MBA graduate. MBAs are more likely to stay with their companies longer and are invested in the goals and success of the companies they work for. Companies see long-term employees as assets because, to the outside world, they indicate reliability and stability.
- MBAs Accept Delegated Tasks and Authority to Generate Results
While delegating authority might be unpleasant to you if you’re in a micromanagement corporate culture, having leaders you can trust to achieve result-based goals and make decisions relieves upper management of day-to-day business demands. This frees them up to take a 20,000-foot view of the entire organization and develop an agenda that will ultimately lead to an increased ROI. Moreover, continuous delegation builds a strategic pool of trained and experienced workers who can provide the company with a genuine, competitive edge.
- MBAs Can Cost Less Overall
It’s not cheap to hire a new worker with an MBA degree. Employers can expect to pay out big when adding on costs associated with:
- Recruitment expertise—outside firms and internal efforts
- On-boarding and training
- Recruitment time—setting up interviews, holding the interviews, etc.
Beyond quantifiable costs, however, you also have to factor in the less-easily calculated costs of losing productivity and skills because of an out-of-synch workplace, training time and adjusting to new routines.
- MBAs Are Problem Solvers
Through the curriculum, MBA graduates are trained not only at identifying problems, but solving them, too. With their in-depth training in management, finance, human resources, safety, compliance, and more, MBAs have a “big picture” understanding of a company that helps them uncover difficulties and develop strategies to overcome them. Their critical and creative thinking processes help them to efficiently and effectively offer a bona fide solution to the problem at hand.
Does an MBA Add Value?
Once a desirable asset of consulting and finance professionals, an MBA degree is now an important qualification for a lot of positions at a broad employer range. Business educators, hiring managers, and job candidates all agree MBAs are valuable, and it isn’t just about accounting and finance anymore. Sectors like nonprofits and healthcare now hire MBAs as well.
Operations managers who have climbed the corporate ranks are masters at getting things accomplished. But MBAs coming in from the outside are able to bring with them a fresh perspective, such as figuring out key business process improvements like fulfilling orders.
According to the employers that hire MBAs and the schools that educate them, MBAs are greatly sought after for their ability to:
- Solve complex problems
- Deal with ambiguity
- Think critically
The Master of Business Administration degree, in the broadest sense, represents a way of thinking and not just business knowledge and a set of financial skills. MBAs have confidence and credibility. They carry a bigger-picture perspective. They appreciate other points of view.
The MBA program is a traditional two-year program, and a person who’s looking for a way of going back to school often has the ability to keep their job while getting their MBA. Night classes are common in flexible MBA programs, so a person who’s looking for a promotion will have a far simpler time obtaining their education while they continue to work. Alternatively, the split between an education and a job is quite easy to maintain when an individual is taking classes outside their work hours and they can do so at any time in an all online MBA program.
Obtain Your MBA at UTC’s Gary W. Rollins College of Business
UTC’s Gary W. Rollins College of Business MBA degree programs provide a selection of delivery choices which makes them an ideal fit for full-time students or part time students working full-time.
We provide numerous career-focused concentrations in the MBA degree which means you can obtain the training you require for long-term business success. We offer a 100% Online MBA option for those who know they need all online courses or the Flexible MBA option that gives students the flexibility to mix and match online and in-person courses.