Education Why Get an MBA?
An MBA program might be in your future and you can start planning now By Crystal Conde
O
btaining the Master of Business Administration (MBA) degree has
many benefits: the opportunity to increase your salary, to advance in your career, and to meet and develop a rapport with influ- ential executives and colleagues in your industry. The MBA experience is perso-
nally fulfilling and enables students to realize their career goals. The investments of time and money can contribute to your ability to acquire a degree that is highly regarded within the United States and around the globe. Before you invest your time and mo-
ney, make sure working toward an MBA is right for you. The decision to obtain an MBA involves many factors. Timing plays a large role in your abi-
They’re Back: D
Monthly $10,000 Scholarships for Minority Students
iversityScholarships.com is giving away a $10,000 scholarship every single month to a high school or college student who is 18 years of age or older.
The scholarship award can be used to pay for tuition, books, housing, and more. To apply, students simply have to register online, view free information from sponsor colleges and universities, and then confirm their registration. Applicants must have at least one parent that is an African American, Hispanic American, Asian American, or Native American. Female students of all ethnici- ties are also eligible. In addition, applicants must be permanent residents of the United States, and must be planning to attend or are already enrolled in an under- graduate or graduate program at any college, university, or trade school. At the end of the month, one random winner is selected from a drawing and
the scholarship monies are paid in one lump sum directly to the winner upon veri- fication. Typically, the drawing date is around the 30th or the 31st of the month. The organization behind the web site that provides the scholarship funds is on
a mission to help as many minority and female students as possible by offsetting their disadvantaged situation. A recent USA Today article revealed that minority enrollment in college lags disproportionately because of the lack of resources and financial aid being made available. For more details, visit:
www.DiversityScholarships.com
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www.blackeoejournal.com
lity to study for an MBA. Have you been out of school and in the workforce for a number of years, or are you moving right into business school after completing an undergraduate program? You’ll also have to consider, if you are currently employed, whether you’ll participate in a part-time or full-time program. A part-time pro- gram would allow you to keep working; however, it will, most likely, take longer to complete. A full-time program will pull you away from the job market, so be sure the return on your investment justifies the money you’ll forego while you’re in busi- ness school. And, if you’ve just graduated with a bachelor’s degree, you need to de- cide whether it’s in your best interest to enter business school immediately. Return on investment is an important consideration. Earning an MBA degree will allow you to advance in your career and will enrich your educational endea- vors as a whole. But an MBA can also have a minimal or drastic impact on your salary. Do your research to determine if an MBA will have the desired effect on your earnings. MBA program reputation does make
a difference in your marketability as a potential employee. In other words, not all MBA degrees are equal in value. Do your research when selecting a program to ensure it’s accredited and will benefit your career. The main accreditation body in the United States is the Association to Advance Collegiate Schools of Business (AACSB). Visit their site to learn more about this organization. Crystal Conde is a freelance writer ba-
sed in Austin, Texas. Source:
collegeview.com
The Black E.O.E. Journal
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