More and more professionals are going back to school to build their skill set and make themselves more attractive to future employers. But is an MBA training the sound investment many believe it to be? Is an MBA worth all the trouble? More to the point, will you benefit enough from your master’s studies to make the investment worth every hour, every cent? If numbers are the sole criterion to make judgment calls by, the answer is yes.
A recent survey of employees in the finance sector compared the earning power of Chief Finance Officers without a degree, CFOs with a Bachelor’s degree, and CFOs with an MBA. The finding? CFOs without a degree have an average salary of $39,000 while those with a Bachelor’s degree earned twice as much. CFOs with MBAs, on the other hand, raked in approximately $105,000. Clearly, even in a volatile economy, the return on investment on master’s studies – whether online or off – is well worth the money and the time spent.
» Read more: Online Master’s Studies – Is it Worth It