Thinking about a new career, or even a new field? There may never be a better time than now.
Unemployment in the U.S. is at an all-time low, with thousands of jobs unfilled. Of course, switching jobs or changing careers is never an easy proposition. According to AZCentral.com, a new profession may not be as fun or financially rewarding as you think. For example, the expectation is that changing careers means you will start at the bottom and work your way up — just like you did in your current position. But that does not always hold true. It's possible to bring your skills and talent to a new type of business without entirely dumping your current career.
However, a substantial switch may require that you go back to school. Easier said than done for young, ambitious business professionals who want to make a change. The high cost of attending a brick-and-mortar institution seems prohibitive when you are trying to meet basic monthly expenses and the many needs of a growing family. Few can afford to quit their job and take two years out of their life to pursue an advanced degree.
Fortunately, you have alternatives. Online MBA programs like the one offered by the University of South Carolina Aiken can be the ticket to a new career or entrance into a different field.
MBA Opens Career Doors
Laying a foundation of fundamental business and management principles while developing effective leadership skills, an MBA may qualify you for many different jobs in products and services, finance, accounting and tech, according to MBA.com. You can also achieve success in government, nonprofit, consulting, manufacturing, healthcare, and energy and utilities fields.
So, is an MBA degree worth the time and effort? According to a recent Graduate Management Admission Council (GMAC) Corporate Recruiters Survey Report, the answer is yes.
GMAC's 2018 survey found that:
- 81% of responding companies had planned to hire MBA graduates in 2018, with demand strongest in Asia Pacific.
- The 2018 median starting salary for MBA graduates in the U.S. was $105,000 per year. MBA grads around the world continue to command higher salaries than direct-from-industry hires and undergraduate degree hires.
- The highest demand was for data analytics roles. Seventy-one percent of employers expected to place B-school graduates into data analytics jobs in 2018.
Add Flexibility With an MBA
The business world is changing rapidly and shows no signs of slowing down. What this means for today's working professionals is that the ability to adapt is imperative, whether you are climbing the career ladder or changing fields entirely.
An online MBA program can provide you with a solid base in business fundamentals while helping you develop the critical thinking and leadership skills required in all businesses. Today's growing economy and low unemployment rate make it an optimal time to consider advancing in your profession or seeking a new line of work.
Learn more about USC Aiken's online MBA program.
Sources:GMAC: Corporate Recruiters Survey Report 2018
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