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Degree or Not

In: Business and Management

Submitted By mrsrandle07
Words 943
Pages 4
Writing an Argument
Latasha Randle
MGT/521
February 6, 2012
Dr. Marie J. Abram

Writing an Argument
A Masters of Business Administration (MBA) is a post graduate degree which focuses on Business Communication. The program focuses on providing its attendees with business knowledge, leadership abilities, networking opportunities, and career advancement. Although the intent of the program is understood, one must weigh the advantages and disadvantages when determining if pursuing an MBA is the right choice. Oftentimes, obtaining a degree is only seen in a positive light. However, there can be some hidden negative impacts to seeking a MBA. There are several factors I personally had to consider when deciding to enroll in an MBA program. The MBA program is recognized as the most sought-after postgraduate degree program (VanderMey, 2011). According to the Graduate Management Admission Council, the average starting salary ranges from $61,000 to $78,000 annually for recent MBA graduates (VanderMey, 2011). The thought of obtaining a highly sought-after degree and the earning potential were my first true reasons for desiring to be in the MBA program. On the contrary, the job market is currently in a downward spiral. This means that with an MBA degree, there is a likelihood of remaining underemployed or unemployed. According to recent statistics, college graduates are facing the highest unemployment rates in more than two decades (VanderMey, 2011). Another objection to earning potential is the high cost of an education. College tuition rates are at an all- time high. It is definitely a juggling act between potential earning and potential debt. Another advantage I have considered of obtaining an MBA is to have an added advantage in the job market. Having a graduate level degree should make me a better, more suitable job candidate than someone without one. While completing the program, I will have access to networking and learning opportunities that cannot always be matched outside of the college atmosphere. I will be presented with unique case studies to prepare me for real-life situations in the business world. According to a Business Week article, employers prefer experience to education (DiMeglio, 2012). This statement alone directly negates my perceived advantage. In the Business Week article, writer DiMeglio highlights that, “years of case studies aren’t going to turn you into a leader if you weren’t born one. There’s no learning charisma, persuasiveness, elegance, or gut instinct.” DiMeglio’s viewpoint is based on research she conducted while attending George Washington University. An added advantage of receiving an MBA is the valuable business knowledge taught in the courses. A successful MBA program will guide its learner through business strategies and concepts. The MBA program gives you additional training as it teaches application of the business skills learned. Many course assignments require you to use practical applications or refer to real-world experiences. However, it can be argued that many of the most successful businessmen and women have no degree. Some noted examples are Bill Gates (Microsoft founder), Michael Dell (Dell, Inc founder), the late Steve Jobs (Apple, Inc founder and CEO), Ralph Lauren (Polo Ralph Lauren founder), and Jack Taylor (Enterprise Rent-A-Car founder). This clearly shows that a degree is not the only way to become successful in business. The aforementioned facts were important factors when I decided to go back to school for my MBA. I had to weigh the financial burden with the potential financial increase. I also had to consider that I may be in extreme debt before obtaining a better job with a higher salary because of the job market. I also needed to weigh my own experience with my education. All factors considered I still chose to enroll in the program. Based on my current position in Management and my previous experience in Management for over eight years, I believe that the education is an enhancement. I recognize that the degree is not mandatory to my success but merely supplemental. While researching this topic, I primarily used online articles. When choosing which articles were most relevant, I looked at the website that published the article and the author. CNNMoney published one of the articles. CNN has a reputation for accuracy and verifying information before presenting it. The reporter who wrote the article listed all relevant sources that were all verifiable. The reporter used Department of Labor Statistics and information from the Graduate Management Admission Council. The second article was found on Bloomberg Business Week. The author went to a highly recognized school and has been in journalism for many years with many highly publicized writings. She also listed all references that were also verifiable.
By having an open mind to both sides of the argument, I am able to make a well informed decision. I cannot deny the value of an MBA degree. However, I still had to determine the overall benefit for me based on my individual situation and goals. I would advise anyone making the decision to consider what the value of an MBA will be for them. To do this, one must consider their selected or preferred field and jobs available. One must also do a self assessment to determine how the MBA will enhance skills and spawn growth. Overall, the MBA program is recognized worldwide and will always be regarded as an important step leading to a flourishing career path.

References
DiMeglio, F. (2012). MBA: A Mere Option. Retrieved from http://www.businessweek.com/bios/francesca-di-meglio-1062.html
VanderMey, A. (2011, September). MBA Career Promises: Behind the fabcy job stats. Retrieved from http://management.fortune.cnn.com/2011/09/13/mba-career-promises-behind-the-fancy-job-stats/

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