Are you currently serving in the military or a veteran and would like to pursue further studies? As the need for seeking a higher education intensifies, so do the expenses involved. Although there are scholarships that cater for tuition and other costs, it’s good first to ask yourself whether you need an MBA. There are four little-known reasons why a veteran or an active member in the military should consider advancing their career through an MBA. These are:
Most retired officers look forward to providing solutions in the business sector. Yet most of their experience is military based and a tiny percentage, if any, is business-related. This is where the need for an MBA for Veterans comes in handy. To enable officer’s transition into the business world. As you apply for a top program in a recognized institution, you will be asked what your goals are in business. These questions in the application process should not intimidate you. These well-known business schools look forward to admitting veterans and active military members. They have associations that specifically advise veterans on the application. Connect with one to give you a hand.
Hunting for a higher salary.
According to the 2020 Corporate Recruiters Survey, MBA graduates earn 77% higher than bachelor’s degree graduates. How high your remuneration is, doesn’t solely depend on your Master’s degree. The type, role, industry, and location play a part as well—the general standing of the institution you choose matters. Before settling on a particular program, please do thorough research on the institution’s reputation and how fast its learners get jobs. Know the average salary for the type of degree you want to pursue.
You desire to work in consulting and banking sector.
Significant consulting and banking firms target graduates of the top-ranking Master’s Programs. They pay very well compared to those who get jobs in the government. You may wonder why you should choose a particular program in a specific school. Employers in big firms lookout for the quality of the admission criteria, what is taught, and the performance of past graduates. They use these facts to sort out graduates from various institutions. It’s crucial to find out the rules that these employers use and align yourself if you dream of working in the consulting and banking sector. Find out from fellow veterans how to go about it, and they may give you links to your preferred field.
Most veterans find their jobs through connections, and you may have very few or none in your new area. Joining the local university for a master’s degree will allow you to make new connections and know the employers around you. Since the university’s quality is well known in the locality, you stand a higher chance of getting employed. You doing a master’s in the local university shows you intend to stay on in the area, which is an added advantage in your job hunting.
Think of getting an MBA for Veterans as a bridge to your next stop. Whether you want to offer solutions in the business sector, work in the consulting and banking firms, earn better pay, and locate to a new area, pursuing a masters is an excellent step.