The top two rewards for earning an advanced degree are typically higher pay and better job offers. With so much competition in the corporate world and pressure to bring home more money, it’s easy to dismiss the importance of personal, emotional fulfillment.
According to the Graduate Management Admission Council, an astounding 93 percent of MBA alumni consider their degree personally rewarding. Here are some benefits and skills you’ll cultivate while earning an online Master of Business Administration that will enrich your life long after the workday has ended.
Become a Savvy Communicator
Everyone has at least one story about their inability to respond appropriately in a stressful situation. Sometimes it’s in a meeting with your boss, a debate with your spouse or a frank discussion with the cable company. Imagine having the cognitive tools to get your point across calmly and coherently while under pressure. The Lamar University online MBA provides those skills by helping you sharpen your critical thinking and by providing opportunities for interaction with your professors and your classmates.
Understand Your Financial Portfolio
Any business industry leader will appreciate an MBA graduate’s ability to understand finances. Someone else will, too: your future self. With courses like FINC 5300 Foundations of Finance and FINC 5310 Financial Management, Lamar University ensures you can comprehend the budgeting, dividend policies and analytical techniques necessary for making monetary decisions. These topics will provide you with the knowledge to organize your own finances and plan for a comfortable retirement.
Build Lifelong Relationships
Great professors do more than teach a subject. They stretch minds, encourage innovative thinking and guide with constructive criticism. Their lessons stick with you through life and, if you’re lucky, you graduate with a handful of mentors.
“To succeed in your career, you’re going to likely have to find and nurture at least a couple of good mentor relationships,” says Eric Jackson at Forbes. “If you’re smart, you’ll try to build relationships with the professors and make the most of learning all you can from them.”
Even though you’re studying for an online MBA, you’ll still meet other students virtually. Email, LinkedIn and other social media platforms allow friendships to thrive without face-to-face contact. Jackson says these relationships are just as important as those you form with professors.
“This is probably the big one that most MBA grads talk about several years down the line,” Jackson says. “You go through a tough experience like getting your MBA together and it’s hard not to make a few friends along the way … They’ll be sounding boards for you in the future. Friends of their friends will probably be potentially invaluable contacts for you down the line.”
Learn more about Lamar University’s online MBA — General program.