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If you pursue most Master’s degrees, do it because of you just should quench the thirst of your passion and go further with subject development. Or maybe you would like to be the first in your family to get a Master Degree. Or because of learning is its own reward. There are several wonderful reasons to pursue a further degree that don’t seem to be frozen in wage.
But, before to start a Master in Business either Master Business Administration or Executive Business Administration you should think profoundly about it because it can be very expensive sometimes and the return rate can be a difficult thing to accelerate.
For the last 2 years, my company has been analyzing uncountable on-line resumes, job profiles and salaries, through special technologies as for example the identification of skills by means of keywords. And whereas this analysis remains “preliminary”, I’m planning to share some insights for your knowledge.
At this stage, our analysis tells us that for recent graduates, the calculable average bump or increase in wage from a non-MBA master’s degree is a smaller amount than $2,000 a year.
For areas such as History, Journalism, Philosophy, Design, Welfare work and Education we found that the wage increase in a period of one-year is almost zero.
So if you would like to feature a financially valuable, non-MBA master’s to your swelling resume, what will build sense?
Our analysis says the top-earning, non-MBA master’s degrees accelerate the career advancement of degree holders by about 20 % on top of the common. They include:
· Industrial Engineering
· Electronic Engineering
· Civil Engineering
What is additionally attention grabbing about an MBA Online International or a traditional one:
If you hold an MBA degree in a field or a closely connected subject, the 20% gain mentioned before, within the same space, is considerably reduced on the average, which implies if the master’s is discernibly completely different from your major (for example, a postgraduate in Economics with a bachelor’s in Petroleum Engineering), the worth can go up.
If you’ve gone for an MBA, what’s been your experience? Has it improved your career, in terms of wage and responsibility trajectory? Would you recommend it to other potential candidates to do it?