Is an MBA Worth It?

At DeVry, we think an MBA degree can absolutely be worth it if you're interested in expanding your career options within the world of business. Earning your MBA may help prepare you to pursue exciting opportunities after graduation, or even help you to pursue higher-level careers, depending on the qualifications.

While it’s hard to narrow down exactly how an MBA degree can be worth it in every scenario, in this article we’ll explore some of the instances in which earning an MBA might be the right choice compared to other graduate degrees, as well as some of its other benefits in the following sections:

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Why Should You Earn an MBA Degree?

Earning an MBA can provide a lot of different benefits as you work to reach your career goals. To help give you a better understanding of what these might look like, here are 6 ways that earning an MBA degree may benefit you:

1. Improve Your Knowledge, Education and Skills

Like any degree, an MBA is primarily focused on helping students develop abilities that they can bring to the workplace. While enrolled in an MBA degree program, you'll likely take courses in a variety of business subjects that can be used in your professional life such as accounting, information technology and marketing. As a graduate degree, an MBA takes many of the skills that you’re likely to learn during a Bachelor's in Business program and builds upon them, leaving you with a deeper level of specialized knowledge.

2. Pursue a Promotion at Work

An MBA degree can be a useful credential to have on your resume to show your dedication to lifelong learning and professional development, as well as your competence in the business field. An MBA degree may also allow you to consider higher-level jobs or apply for promotions as you move through your career, depending on the requirements of the roles.

3. Add an advanced degree to your resume

Resumes are a bit like trophy shelves, in that the more you achieve, the more impressive they are. Adding a graduate credential like an MBA can be very impressive to employers and can help you stand out in the talent pool or in a specific industry.

4. Consider management or leadership roles

While an MBA degree focuses mostly on business administration, it also provides you with the chance to develop your abilities in people managing, communication and collaboration. With this wider understanding of how to move through the business world, MBA degree holders may find themselves able to consider management positions in their current field or in another industry that interests them.

5. Prepare you for new opportunities

Like any graduate degree, an MBA can help you broaden your skillset and prepare to pursue new job opportunities. But what is unique about an MBA, is that in addition to its emphasis on business administration, it also teaches many base level skills in other disciplines which may allow you to consider a wider range of opportunities in both in and out of the business world.

How Many Years Does It Take to Earn an MBA Degree?

At DeVry, you can earn your Master's Degree in Business Administration in as little as 2 years + 2 months* or even more quickly with qualifying transfer credits. Our MBA program can be completed 100% online, enabling you to balance your commitment to education with work, family or community obligations.

What are the Benefits of Earning an MBA?

At DeVry, we believe there are many benefits to earning an MBA degree, especially when it comes to increasing your skill set and helping you prepare to pursue your career goals. As a graduate-level program, an MBA can help you build skills that you may not have had the chance to nurture during a bachelor's degree program. Another benefit of earning an MBA is the potential for increased career growth. A higher-level degree may help you stand out when pursuing a job opportunity, making an MBA a beneficial option for people who want to advance their career in the world of business.

Why Do People Earn MBA Degrees?

People primarily earn MBA degrees if they’re working toward advancing their careers or if they want to enter a field that has higher education requirements. They may also earn an MBA to try and improve their chances of advancing in their field, to try something new or after hitting a wall where promotions in their current role become harder to gain.

When is the Right Time to Earn an MBA?

The right time to earn an MBA is whenever it makes the most sense for you. For some people, it may make sense to earn their MBA directly after their bachelor's degree. For others, they may want to spend some time gaining experience in the workforce and then return to school for their MBA. There is no timeline that works for everyone. If you choose to earn your MBA, make sure its on a timeline that fits your goals.

Earn Your MBA at DeVry

Whether you’ve just earned your bachelor’s degree or are looking to grow your skillset after years in the field, we can help. We offer 10 different MBA degree specializations, including Health Services, Entrepreneurship, Accounting and more, so you can modify your MBA degree to fit your interests and to serve your career goals. Our MBA program can be completed 100% online, so you can earn your degree on your schedule. Classes start every 8 weeks.

*Not including breaks. Assumes year-round, full-time enrollment.