High Paying Jobs With MBA Degrees - The Right Business Education

Gone are the days when entrepreneurs used to learn business on the job. This was the most prevalent way of getting business education, though informal. There are numerous successful entrepreneurs who succeeded in business field without any formal business education.

One can learn business on the job as has been demonstrated by a large number of businessmen. That route takes longer and is fraught with uncertainties.

Mba Degrees

With the complexities of modern business, business education has now been formalized. In order to do business, it is necessary that one should be conversant with so many business practices. Any business is now interdependent on other national and international factors. Formal business learning is now necessary in order to understand business environment as a whole.

Without a business degree from a renowned business school, it is difficult to undertake a business career.

Basis of business education are business and economic practices and theories. These comprise of courses in fields like business accounting and bookkeeping, business strategy, business intelligence, business law, business writing, business consulting, financial management, organizational behavior, business marketing, business planning, international business, micro and macro economics etc.

Business education leads to important degrees like bachelors and masters (MBA). These two are the most important business degrees and are in high demand amongst companies and business establishments.

A university level business qualification leading to an MBA degree is the crown of a business course. MBA programs have been in high demand because of their clout in the market. While business concepts get clear at bachelor's level, master's education is a more specialized form of business education.

Generally an MBA program is spread over a two year period after bachelors. Most renowned MBA universities are in North America, UK and Australia. There are certain institutions like Indian Institutes of Management (IITs) in India which are equally reputed.

Some universities also have executive MBA programs which can be completed in one to two years. Executive MBAs are specific to working executives and managers who have been practicing in business field or at jobs for a number of years.

Executive MBA candidates have mostly bachelor level degrees and experience of a number of years. Essential qualifications for an executive MBA program are a combination of education and business experience. Executive MBA programs are generally employer supported and have a shorter duration than regular MBAs.
It is estimated that MBA salaries are generally higher by about 35 per cent than regular graduates. They hold prestigious jobs. They position their businesses strategically and help in the growth of companies and economies.

MBA degrees can be obtained at a university campus, through distance learning MBA, MBA online and part time MBA. With the spread of internet, it has become easier to pursue an MBA degree. It is no longer necessary now to be a full time student at a campus, although this is most desirable.

Almost 43 per cent of MBA universities also have online MBA degree programs. About two thirds of MBA degrees get awarded through distance MBA programs and part time MBA education.

Though expensive, one can study an MBA course on part time basis or through distance learning MBA while on the job. An MBA course enables a person not only to have a successful MBA career, but also helps one to establish own business consulting or any other independent business.

High Paying Jobs With MBA Degrees - The Right Business Education

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Don't Ever Think of Getting a Certified Online MBA If You're Lazy

You work full-time and you would like to enroll to a program that does not interfere with your progression up the corporate ladder. You have been looking at universities and business schools that offer online MBA programs. Then, you have looked at the prerequisites and think you are a shoo-in. You were a straight-A student in school, easy peasy right?

The answer is definitely - Wrong! It is not easy as it seems to be.

Mba Degrees

The question is not whether the subjects are hard or whether you will have trouble following the online lectures. Our attitude plays the main role in completing an e-learning course. It means that we have to get rid of bad habit as much as possible.

The main reason why most people fail to complete their online education is because of their laziness.

Are you prepared to dedicate your time and energy getting an online degree?

Unlike conventional business post-graduate programs where you are required to attend lectures and take exams, an online MBA course offers flexibility for you to work from home. For some people, this can be a bad thing.

Set your own schedule and personal working space

The most important thing that a business student should have is discipline. You need to set boundaries, allocate time for yourself, a quiet space to study and read. It might take some time for you to adjust, especially if you are working full-time, juggling career, a house and a family.

Have a proper time management

Organize your time so that you are at your peak when you hit the books. It may be tempting to push your studying until late night, but by then won't you already be wiped out? You must have an efficient time management in order to increase productivity of work and study.

Procrastination leads to 'self-poverty'

Prioritize your degree so that it does not get pushed to the back burner. You are paying good money for this investment, so ensure your returns are profitable. Time is something you will never have enough of, so use it well. The convenience and flexibility of an online MBA course may trick you into slacking off.

No such thing like complete time flexibility

Do not fall for the trap of thinking flexible really means any time you want. Build a support system of people who understand that this is important to you. Make them understand your current situation. You might need a study partner to help you to stay focus on completing this particular course. It is easy to look for study partner via Craigslist classifieds.

Getting your certified MBA lessons via internet without the need to rush out straight after work to attend lectures or find a parking space. Use the pockets of time you save to your advantage. Make sure you understand that time is precious.

Online time for your MBA, whether doing work or research, should be prioritized. Although it is tempting to go on Facebook, watch a YouTube video or chat with your friends, allocate "fun time" for that.

Don't Ever Think of Getting a Certified Online MBA If You're Lazy

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THE MBA Vs the CFA, What Are They, Are They Worth It, and How Can They Boost Your Career?

Having recently graduated with my BS in Business Management I just got my first job in finance working for a large investment firm in my area. They offered, as part of my job package, tuition re-imbursement, which would pay for about half of the cost of an MBA program. Having done my research on schools and degree programs I have been reading more and more about the CFA, or Chartered Financial Analyst. I became curious to learn just what the CFA was about and what it might mean, in dollars and cents, to my career.

It all brakes down to a few basic questions: What is needed to become a CFA, how much does it cost, how much study does it take and whether or not I am cut out to do the work?
Information available from the CFA Institute tells the story in numbers (I hope you like numbers, if you're going to be a CFA, or an MBA, you'll find yourself working with numbers a lot!). 11% of CFA's surveyed were serving either on the board, or as "C" level executives (CEO, CFO, CIO, etc...), in corporations around the globe (Source: 2005 Investment Management Compensation Survey conducted by Russell Reynolds Associates.)And 88% said (in the same survey) that earning the CFA charter improved their career opportunities and odds for promotion.

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Ann Logue, in her article "Should You Get the CFA?", which was authored for the Paul Merage School of Business at UC Irvine, writes that "According to AIMR (Association for Investment Management and Research), students study on average 250 hours to prepare for each six-hour exam. In 2006, 44 percent passed the Level I exams, 54 percent passed the Level II exams, and 59 percent passed the Level III exams. Remember, you have three years to take the first exam after you register. You then have seven years to complete the testing process and get the experience you need to become a CFA."

The short version is: there are three tests that you have to pass to acquire the CFA designation. These tests are tough, pass rates hover between 40 and 60 percent, but, of course, you don't have to face them alone. There are several companies that make a business out of preparing suitable candidates for the tests.

Schweser, one of the two CFA test prep providers that I chose to survey, charges 1 for each study level, their test prep program includes online practice exams, CD study resources, flash cards and faculty advising. There are three tests, and a course for each level, so 3 X 881= 43, for the test prep alone, plus the cost of testing. Stalla, another test prep provider is slightly more expensive at 90 for each level (3 X 1490= 70). The service qualities of the two seem similar based on the documentation available on the two websites. But neither company would provide me reliable test passing statistics so it is impossible to tell if the money spent on these study programs is worth it or not.

One upside to studying for the CFA vs. getting an MBA is that there is little opportunity cost. You can continue to work at your present job (which, hopefully, is in the finance industry) while you study for the tests. Just passing the first test would give you enough of a credential to get an investment job regardless of your background (Take Away: if you have a BS degree in basket weaving this could be your ticket into a financial sector job). The costs are minimal compared to the MBA when you add the cost of two year's tuition, and foregoing two year's pay while you attain the degree.

Improved Compensation Potential

CFA Institute's previously cited survey of more than 16,000 charter holders showed that worldwide the total pay gap between those with a charter and those without it is substantial regardless of experience.

Charter holders in the United States earn 54 percent more than those without the designation.

They out-earn those with an MBA alone by 18 percent.

Median 2005 U.S. compensation was 0,000. For those with 10+ years of experience, it shot up to 0,000.

Charter holders with 5+ years of experience reported median total U.S. compensation of 0,000.

By contrast median income levels for MBA's in Finance with 5 years in the industry are around K (Source: Payscale.com). It should be noted that 46% of CFA's are also MBA's (presumably with concentrations in finance).

The Canadian median compensation in 2005 was roughly 0,762 (in U.S. Dollars) and almost 0,000 for those with 10+ years of experience.

An MBA grad is open to broad career opportunities, far broader than a CFA charter holder. But, the MBA is a more expensive course of study than the CFA; taking the prep classes for the CFA Exams does not guarantee a passing grade on the 3 tests (levels I, II and III) of the CFA Certification. While it's possible to bomb out in an MBA program, the pass rates on the CFA tests are a little scary, the 2006 pass rate for the Level I test was only 44% for example. So if you don't have a history of graduating towards the top of your class...then the CFA probably isn't in the cards for you without a serious study habits makeover!

The candidate should remember that while MBA acceptance rates, (for top twenty B schools) may be low, the time spent filling out applications and sending in a small application fee is all that you're out. On the side of the MBA, it is the job of the business school admissions board to select MBA candidates that are likely to make it though the program. There is no such filter (save the ability and the willingness to pay) in the test prep market. Studying for the CFA tests, whether independently or with a test prep company, doesn't guarantee you will ever pass the tests.

"You learn as much or more in the CFA program as in an MBA program because the exams are focused on the kinds of things you need to know to be a stock investor," says C. Beth Cotner, chief investment officer for the Large-Cap Growth Equities division at Putnam Investments in Boston. Conrad Herrmann, a senior vice president and portfolio manager for Franklin Global Advisers agrees with Cotner on the value of the CFA program. "It's one of the metrics we look at," he said. "It's not required, but we strongly encourage it. It's a way of making sure that all of our analysts are on the same page and that they can discuss things in a common language."

I have heard experts compare the two credentials with the metaphor: "The MBA is a hole in the ground a foot deep and a mile wide, the CFA is a hole in the ground a foot wide and a mile deep." If the CFA is a scalpel then the MBA is a hammer. The MBA will have a broader range of business know how: "the MBA Tool Box". If you would rather be a specialist with a rare skill set that is in high demand in one very narrow industry, then go for the CFA. But beware of the fact that many people are taking the tests. There is a genuine fear of the certification becoming "diluted" with many charter holders lessening the economic value of the credential in the near future.

The MBA has similar problems, but the MBA addresses a wider set of skills, and is overall the more flexible and versatile of the two business credentials. MBA's work in business, all types of business require those skill sets. If an MBA went on to become a CFA, the CFA would be another tool in the MBA toolbox. If you want to manage people and have a well developed knowledge of business in a more general sense (as well as being employable in industries other than finance) then the MBA is the way to go.

By comparison the CFA is designed to increase a holder's marketability as an investment manager; a much smaller job pool which is very sensitive to economic variables and market corrections that often have a negative effect on the number of managers being hired or retained in the industry. As far as small business is concerned, the CFA is unusable (some would say useless), while the MBA has value in every size and level of business management.

To those who suggest the CFA is replacing the MBA, Dave Wilson, president and CEO of the Graduate Management Admission Council commented: "Not a chance." The CFA charter produces "first-class analysts," but an MBA covers the fundamentals of business relevant to every type of organization, from entrepreneurial start-ups, to multinational corporations, not-for-profits, and government agencies. "An MBA prepares someone to work within an organization as it relates to margins, strategy, mission, marketing and human resource issues," he says. "That will always make the MBA a relevant degree." (SOURCE: Emma Johnson, eFinancial Careers, CFA or MBA: Which is right for you? Apr 18 2007)

Contained within the calculus of deciding whether or not to get an MBA is the added financial burden of leaving work for one to two years and foregoing your salary for that amount of time. When you add the opportunity cost to the tuition cost (for the degree), the time in your future job (at the projected pay scale) to reach "break-even" shifts considerably to the right. The practical economics of such a decision are as variable as the circumstances of each individual candidate. Analyzing the variables is what being a business analyst is about.

I hope I've shared enough information to lead you towards doing your own research to come to your own decision. It's all about making choices, here's to you making the one that's right for you and your future.

THE MBA Vs the CFA, What Are They, Are They Worth It, and How Can They Boost Your Career?

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Why MBA Is Important To You

Current worldly state stresses the importance of higher education though we had achieved certain success in career wise. One of the most recognized degree is MBA, which stands for Master of Business Administration, has been one of the most extensively pursued master's degree across the globe. Usually, it has been now labeled as a 'preferred' qualification or as a requirement now in work resume.

The successful MBA foundation is phenomenal as its curriculum consists of finance, marketing, statistic and others that make a successful candidate to be included in preferred category. It is because they have ability to think broadly about business decisions and switch forth and freely to adapt to different needs and environments.

Mba Degrees

Through MBA filtering process, the best students with the best reputation can be selected from a pool of candidates. Of course, that means candidates with a highly record of excellence and achievement is highly favored and most likely to be recruited. With the degree, we can too, conclude about the drive of the person that holds it. Sometimes, they are the full time working professional who willing to spend their time to pursue the higher education. It's such an accomplishment to manage both career and education swiftly.

MBA also teaches us issues about how we can build up a successful portfolio of business knowledge and skills and network of colleagues and MBA alumni. Identification of business problems can be addressed and analyzed more consistently. Communication skills in individual and teamwork aspects can be strengthening in a long run. People management skills can be mastered as usually the person who deals with the customers mostly influences the business deal. First impression is important, and a second impression doesn't count.

It is said that the degree is a must as it guarantees professional qualification, which is a demand from industry. If you are a successful holder, it does give the eligibility and also means that you have obtained the theoretical base for building the practical achievements. It also could be the way to change your career path and set up your own business. Research has shown that the failure rate for small businesses started by an MBA is about 50 percent less than the standard failure rate.

No matter what the importance is, approach the studies with an open mindset and correct attitude and it can develop oneself into full capacity.

Why MBA Is Important To You

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Advantages and Disadvantage of Getting an MBA

Getting an MBA may sound like a fantastic qualification to acquire, but is it really all that worth? There are actually several advantages and disadvantages to getting an MBA, which will allow you to answer the question for yourself.

There are many advantages to getting an MBA. First of all, you will be recognized to have one of the higher level qualifications. Plus, this qualification appears as a good background wherever you go, whether local or international. These two points can actually give you a boost in your self-esteem and satisfaction for your ability to get that far. To add on, you will be equipped with the skills and maturity to become an effective manager. As a result, you will have plenty of job opportunities and will receive much higher pay as compared to one who has a lower education than that. There are even some MBA jobs available only for MBA holders. You will also have a much larger professional network as you would have met though your faculty during your time during the program, or through MBA jobs as you may have the opportunity to mingle with other MBA holders as well.

Mba Degrees

There are always two sides to a coin, and so do MBAs have disadvantages, too. For one, because MBA holders usually will receive a significantly higher pay, some companies may not consider hiring you because you would be considered a little too expensive to hire based on the company's budget. Looking at the psychological aspects of the employer, the person who employed you might also feel that you can threaten their position in the company because of your qualifications, especially if they do not hold an MBA themselves. On the other hand, there may be some employers or colleagues who would have many years of experience, so you may end up feeling like you can never measure up to the experience they had despite your high qualifications. And if your career goals later on have no emphasis on an MBA, you may feel as though you have wasted your studying years when you could have gained experience.

So is getting an MBA all worth it? It is for you to decide.

Advantages and Disadvantage of Getting an MBA

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The Importance of an MBA Degree

Day by day the importance of an MBA degree is increasing. All the multinational companies and other organizations ask for an MBA degree when it comes to a promotion. Employees who do not possess this degree lag behind and their colleagues who possess this degree grow in their career. Therefore, many working professionals who are desirous of a good growth in their career enroll themselves in a distance learning MBA. Such programs are Corresponding MBA degrees offered by many Universities in an online medium. Such e learning has made life much easier as anyone can access the program, attend the virtual classes and complete the course within the flexibility of time and place.

There are many working professionals who do not get time to go to traditional MBA College and attend classes regularly. There are also many others like business men or housewives who want to earn an MBA degree but as they are pre occupied with other assignments they do not get time to join in an MBA college. This is when correspondence MBA degree is the only way that one can think of. This medium of education does not put an effect on the continuity of your job or any other business. However, the fact remains that if you are a student you have to be dedicated enough to attend the classes, complete the assignments, prepare for exams and complete the course successfully.

Mba Degrees

In distance learning MBA, everything is provided online. Students can access the course on an easy internet based interface which they can do by logging in with a user name and a password provided by the institutions that offer such online corresponding MBA. All the subjects are designed in such a way that the student can easily understand and gain knowledge. Professors of the concerned subjects are brought in for live classes. Students can even ask questions during the class in an online chat.

As the demand for an MBA degree is increasing, more and more Universities are offering different distance learning MBA programs. These programs are as useful as of a traditional degree college. Though a student may not get the class room teaching, it is usually compensated with virtual classes where in video conferencing or recorded lectures are provided to the students. These lectures can be easily accessed as the students are intimated about the live classes beforehand. The timings are kept flexible so that distance learning MBA can be easily completed by the working professionals and others who do not have time to attend regular business school.

The mode of such distance learning MBA has been quite a long time from now. However, the face of it has changed as everything has been based on e learning. With a basic knowledge of computers anybody can easily earn the degree. Students have to take care and find out if the program is accredited and once they choose a right university that offers correspondence MBA, they can enroll in it and get the benefits of this degree.

The Importance of an MBA Degree

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How To Complete Your MBA Degree With Ease

If you are a full-time employee who is opting for a part-time MBA degree course, you will encounter all sorts of distraction that would affect your study and revision process. The heaps of work load influence your study performance and this is the main reason why people failed to get a MBA degree. A MBA degree qualification can change your life if you are looking for a career advancement.

Choosing the right MBA major

Mba Degrees

For your information, there are more than 5 MBA majors offered by various business schools. Make sure your choose the right MBA major according to your job preferences or your job prospects. If you're main interest is in accounting, then it is quite risky to choose other majors. Follow your own instinct and your main interest. Normally, this problem is common for people with science bachelors degree, who opt for a business administration qualification.

Get rid of distraction.

There are various sorts of distraction. If you live with your family, especially you have kids at home, you will find difficulties to concentrate in your studies. Since online MBA degree program has been introduced, it has increase numbers of post-graduates due to blooming of internet technology in education industry. Online education offers flexible schedule that suits your hectic lifestyle. Plan your schedule well and make sure you allocate enough time to complete your assessments and revisions.

Getting the right resources

You need to find for right references for your study assignments. If you do not have one, please refer to the course counselor for complete list of reference books. You have to do surveys on prices and course information and credits from several universities which essential for completing the course. Consult your course related problems via MBA forums on the internet.

Getting prepared

Motivation is needed for course completion. As a matter of fact, time-management and self-study tips are available in self-help books. Books from these categories can be purchased via online bookstores.

How To Complete Your MBA Degree With Ease

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Career Options After Completing MBA Business Administration

MBA business administration degree programs are in huge demand all over the globe" and once you complete your degree, you have a wide variety of options ahead of you. These programs prepare the students for today's business requirements and thus, these graduates easily get placed in top companies. The employment opportunities get all the more brighter for those who have done work in their field of interest. They can easily land upon great jobs in their preferred industries.

Banking comes as one of the most preferred field of entry for MBA graduates. One can start his/her career as a high level analyst or bank manager as they come equipped with a very good understanding of how businesses work and their financial needs. After banking, it is the financial sector that attracts many. Stock brokerage firms and financial planning companies hire these MBA graduates to let their businesses soar to new heights. And due to their intensive knowledge of Accounting and financial investment options, they are also preferred for financial planning positions.

Mba Degrees

There are others as well, who opt to work for government agencies. Many also opt to open their own businesses and mark their own way in the industry. However, this is not all. Once you complete your MBA business administration program, you have many more options to go for. But, it is really important that you do your MBA program from a well-known MBA graduate school. Thanks to globalization, India now has numerous management institutions offering world class infrastructural facilities and teaching methodology.

MBA graduates are in demand like never before. With a professional management degree on your side, you can easily land upon your dream job. A little online research about the leading institutions in India is more than enough to help you in selecting a particular MBA graduate school.

Career Options After Completing MBA Business Administration

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