Abstract
Many students are flocking to business schools for more advanced degrees than in any other concentration. In what some call, a one to two-year hiatus, these students are trying to reverse the recent trend of a downwardly mobile generation with fewer opportunities and more accumulated debt. Master of Business Administration graduates are seeking a better future, upward mobility and satisfying jobs upon graduation. A 2015 Bloomberg study of the best business schools reveals that 88% are hired within 3 months of graduation, with a substantial jump of up to 81% in compensation before school. This study utilizes survey data to follow the graduates of a Mid-Atlantic University as their careers progress after graduation to determine whether there is a tangible return on their educational investment and an increase in their respective skill development. Results confirm the usefulness of the MBA degree in career progression.
Highlights
In 2011-2012, there were 191,571 students who graduated from U.S universities with advanced degrees in business, which accounts for 25.4% of all the Master’s degrees conferred
A survey was prepared which addresses such questions as: “Do you believe your Master of Business Administration (MBA) degree has contributed towards your career progression”? “Do you think you grew professionally and personally as a result of the MBA program”? The survey was administered through Survey Monkey, and reached out to all recent MBA graduates from a mid-Atlantic university
The data set consists of individuals who responded to the survey on questions related to their career progression following the completion of the MBA degree
Summary
In 2011-2012, there were 191,571 students who graduated from U.S universities with advanced degrees in business, which accounts for 25.4% of all the Master’s degrees conferred. The Master of Business Administration (MBA) is listed as one of the most successful degrees in the last century, due to the normal return on investment and the widespread acceptance by employers (Byrne, 2014). Students in the MBA programs often delay their enrollment in graduate school after completing their Bachelor’s degree. They acquire work experience and most continue working full time while earning the MBA degree. Students enrolled in the MBA program face challenges of rigorous curriculum, financial resources, and managing to find the balance between full-time work and family obligations (U.S Department of Education, 2011). Research toward a better understanding of opportunity in postgraduate education is needed to measure the postgraduate academic success and employment opportunities
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