Earning a Master’s degree in business administration (MBA) enhances job skills and improves your marketability. A Graduate Management Admission Council survey reports that many companies seek employees with MBA degrees and pay a higher salary for the credential.
Things You’ll Need:
- Determine if an MBA degree is right for you. Consider your undergraduate degree, work experience, skills and career goals. The MBA website offers a career self-assessment.
- Evaluate your finances to determine how much you can afford to pay for tuition. The cost of an MBA degree varies widely by graduate school and may be a factor in your selection process. Research potential sources to obtain financial assistance.
- Decide if you want to go to a traditional brick and mortar graduate school or earn your degree online.
- Research graduate schools. Start by visiting the school’s website to gather course descriptions, admission requirements and tuition fees. Then schedule an appointment to meet with an admissions representative to learn more about the school and ask questions.
- When you evaluate the schools, check to see if they require an entrance exam. State schools often require applicants to take the Graduate Management Admission Test (GMAT) and obtain a minimum score in order to be admitted to the MBA program. Private schools don’t always require the GMAT but may administer a school aptitude test.
- Prepare a time line of action steps. The application and acceptance process can range from several weeks to several months depending on the school you select. For example, your school may require you to submit a recommendation letter from a business contact. After you select a school mba and review the application process, create a to do list with due dates to help stay on track.
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