In the United States and United Kingdom today people continue to learn gaining skills & knowledge through formal academic study, on the job training or through work experience.
Job seekers have continued to notice in every state in America employer’s recruitment ads stipulating “Applicants have a relevant qualification for the job role and or previous work experience”.
Existing employees & graduates with specialist industry skills working in a company a cheap MBA is worth it to combine management skills & knowledge with work experience to help with promotion and business efficiency.
Cost of an MBA not relevant to many employers
Many companies in UK & USA recognize that a cheap MBA is not worthless if an employee also has up to date business skills & years of successful job role industry experience
In states around America today there are many medium sized & smaller businesses that will recruit MBA graduates that attended a less well know accredited university course paying for a cheaper qualification.
Graduates in they’re mid 20-30s or experienced workers at 50 its still worth getting an MBA even if it’s cheaper that meets you’re career goals.
Knowledge an MBA provides employees
Small and medium sized companies, as well as national & local government in UK or USA value MBA graduate employees for the business understanding, skills & knowledge they’ve attained in MBA benefits brought to the company.
When applying for a job role in local government agencies or small logistics, marketing agency or call center company having an accredited MBA from a college/university and the knowledge is the important part, not how much it costs.
Even with an MBA there’s no guarantee you’ll be a suitable applicant for a specific job role or business. Employers first look at an employee’s personal profile of soft skills, work history, job skills and overall educational attainment level at each stage of a person’s life,
Required standard of MBA qualification
Should you be thinking of studying for masters of business administration or be a recent graduate a good idea is firstly researching future employers requirements of the MBA including:
- Mode of study from full time/Part time, distance/online learning or blended learning,
- Type of MBA from general management, executive or aligned for a specialist job role or industry sector, such as MBA health care management.
- How prestige the university course qualification is from global top 100 to no specific requirement so could be from a local college.
Some companies only recruit graduates of top business schools in industries including finance for graduates training programs or sponsor promising employees to study for an MBA at a leading business school.
Normally in the person specification section of job advertisements by leading global companies they state “MBA from top university” meaning they wish to recruit an applicant that graduated from one of the expensive top 50-100 business schools worldwide.
Job promotion & management potential
Aspiring managers that have been with a company for a few years and are looking for career progression to middle management & beyond can get away with a cheaper obtained part time MBA from a local college or university.
This assumption depends on the industry, individual and employer. A less expensive MBA in USA today is good enough for a small manufacturing business, although no good applying as a hedge fund manager or private equity manager on Wall Street in New York.
Equally, graduate trainees that have joined a company with a specialist degree in a specific job role they work in industry an MBA is not too difficult for an average student to complete successfully.
As a graduate trainee you’ll be building industry experience through work & training and bring benefits of an MBA to the company, including enhanced management skills & wider business functional understanding.
What’s you’re purpose of obtaining an MBA?
Each person has different career goals that should be realistic & achievable to provide opportunities for a future career. Employer organizations have similarities for suitable employee experience and qualification requirements.
Wise people think about what career, type of employer or job role they want and strive towards it. You need to align the purpose of obtaining an MBA to the requirements of employers, and you’re present & future career aspirations.
Depending on you’re career goals a much cheaper MBA degree will be worth it, or be a worthless piece of paper with employers telling you that the standard of knowledge & skills level is severely lacking you attained on the course.
Work options after MBA
| Start own business means you can get away with a less expensive MBA as it still provides the knowledge for business owners to run they’re own business. |
| Teaching at a local college or a university lecturer is a career option. |
| Salary potential increase is likely if you’re looking for a new job such a middle management for local government or small business. |
| Company job role in a medium size company with you seeking promotion to middle management an MBA on the cheap end of the market still helps with you’re promotion potential, knowledge attainment and benefit to you’re employer. |
Type of employer is an important consideration.
Consulting with a less known and inexpensive MBA is unlikely going to help with securing a management consultant position with a larger leading global consulting organization. They tend to recruit graduates from top business schools, meaning you may not even receive an interview after applying.
Return on time & money invested
One important consideration for those people contemplating studying for an MBA is possible return on investment (ROI) of the amount of money & time spent completing the award, normally 18-24 months full time.
Paying $25,000 (US) for a cheaper MBA course and securing a job at a smaller company with a salary of $95,00 per annum it’s well worth the cheap course as it leads to a good return of you’re effort.
One downside of cheap masters of business administration degree is that you’re very unlikely being able to achieve a very high salary & benefits package that people with the most expensive MBA’s will be paid
MBA is a recognized business management qualification
As postgraduate business qualification such as Maters of Business Administration (MBA) is globally well known as a degree award for company managers & leaders to learn & attain knowledge & skills to manage a company efficiently.
As one of the most popular degrees in United States and UK for a business leader an MBA degree is not just about attaining the qualification. More importantly it’s about what you learn from the course that you retain through you’re working life, and apply to benefit a company, even for a cheaper MBA.
Core business management MBA skills & knowledge taught
- Strategic leadership around organizational behavior & leadership.
- Micro & macro economics.
- Corporate strategy.
- Human resource management.
- Marketing.
- Accounting & financial management.
- Operations management.
Each MBA course provider offers different core & optional subjects, although some are similar. Students require completing all core subject & several options depending if a specialist MBA or general on all modes of study from full & part time, blended learning to distance and online learning.