Marketability

An MBA Degree is a Master's of Business Administration that provides training in the theory and practice of business management. The MBA is basically a document that certifies that you have a general competency in all the major functional management roles you'll find in the modern corporation. An MBA is a career accelerator across a number of industries and MBA graduates can usually command higher salaries.

A recent survey of 1,247 M.B.A. graduates by the Graduate Management Admission Council revealed that graduates believed their degree helped them to increase their earning power and career options, improve themselves personally, develop management skills, and gain a desired credential.

According to Education Pays, a recent College Board study: The median salary for a Master Degree holder is $59,508. The median salary for a Bachelor Degree holder is $49,889.

According to US Census Data, it is not hard to see why more and more people are going to college to earn another degree: A person with a Master's Degree will make $367,200 more during their lifetime than a someone with a Bachelor's Degree.

If you're looking for the MBA to help you get into the executive suite, it may be just the ticket you need. According to a study by Accountemps, a global temporary staffing service for accounting and finance professionals, 80 percent of executives responding to the survey said that a graduate degree in business is still important to reach senior management ranks within most companies. 

And there is growing evidence that having an MBA not only gives you more leverage in dictating new job titles and salary, but also gives you leverage in achieving a better balance between work and life outside work.