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According to a USA Today article, top three reasons why students pursue MBA degrees are increased career options, to develop management and technical skills and to increase earnings. All three of these factors played a role in my personal decision to pursue a MBA degree. Historically obtaining a MBA degree has increased career opportunities for graduates. MBA gradates enjoy "higher starting salaries, more and faster promotions, and the opportunity to work in high profile positions and industries" (Shelley, 17). In the past MBA, graduates were in demand in various fields and new graduates often had multiple job offers before graduation. Due to today's economic climate MBA, recruiting has slowed down significantly. Graduates often spend months after graduation seeking employment. Some experts argue that the market is saturated with MBA's and there are more MBA graduates than jobs. Considering the current market, this seems to be true. There are also opposing views such as Dr. Tom Pusel, Director of Graduate Programs at Drake University, who says, "having an MBA degree...is necessary just to stay competitive" (Shelly, 17). Although it seems like a bad time to pursue a MBA degree, I believe the fall in demand is temporary. The demand for MBA's is closely linked to the business economic cycle, which consists of ups and downs. The underlying need for skilled managers has not changed. The increased complexity of business and technological advances has increased the need for managers trained in business theories and practices. MBA graduates receive a broad business management education, which prepares them to understand business basics like marketing, accounting, finance and operations managements. This broad business background prepares them to be tomorrow's business leaders.
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