...Why Pursue an MBA? MGT/521 Why Pursue an MBA? Deciding to pursue an MBA degree can be a daunting decision, especially after recently completing an undergraduate degree. Many positives and negatives to consider before making such a life altering decision. This essay will examine several casual circumstances on both sides and answer the question, “Why Pursue an MBA?” Reasons for pursuing an MBA are: 1. Pursuing an MBA is a long-term goal. 2. Pursuing an MBA can assist in a needed career change. 3. An MBA can lead to more money in the job market. Reasons against pursuing an MBA are: 1. The time, cost, and commitment requirements involved. 2. No guarantees that earning an MBA will lead to advancement on the job. 3. A perception exists that there are to many MBAs in the job market. Reasons for Pursuing an MBA Deciding to pursue an MBA has been a long-term goal for some time. Most long-term goals are often never realized. As a result of the 9/11 tragedy the government decided to assist veterans who wanted to continue his or her education. This assistance and the downturn of the economy placed this long-term goal squarely in the forefront. This scenario fell into place, as career change thoughts were starting to surface. Pursuing an MBA can assist in a needed career change. In 2008 the United States economy and the housing market begin to severely decline. This was just four years after embarking on a rewarding and lucrative...
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...Question 1 a) EMPLOYMENT CATEGORY Frequency Percent Valid Percent Cumulative Percent Valid CLERICAL 227 47.9 47.9 47.9 OFFICE TRAINEE 136 28.7 28.7 76.6 SECURITY OFFICER 27 5.7 5.7 82.3 COLLEGE TRAINEE 41 8.6 8.6 90.9 EXEMPT EMPLOYEE 32 6.8 6.8 97.7 MBA TRAINEE 5 1.1 1.1 98.7 TECHNICAL 6 1.3 1.3 100.0 Total 474 100.0 100.0 In the left most column, all job category are listed. The Frequency column records the number of observations that fall within a particular job category. As I have sorted our using SPSS, Clerical, Office Trainee, Security Officer, College Trainee, Exempt Employee, MBA Trainee, and Technical job category represent 227, 136, 27, 41, 32, 5, and 6 respectively out of the total employees of 474. The percent column shows how much each job category possesses of total employees. As you can see, as Clerical, Office Trainee, Security Officer, College Trainee, Exempt Employee, MBA Trainee, and Technical employment category represent 47.9%, 28.7%, 5.7%, 8.6%, 6.8%, 1.1% and 1.1% respectively. The Cumulative frequency column lists the total of each frequency added to its predecessor, such as, Clerical job category itself represents 47.9% of all employees and then Office Trainee job category represents 28.7%, but both Clerical and Office Trainee represents 76.6% of the total population. If we consider, Clerical, Office Trainee, and Security Officer; all of them represent 82.3% of the total employees. This is what cumulative percent...
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...: ROI 102% Salary Increase Min Salary Increase Max FOR THE 2012 GRADUATING CLASS PRE- AND POST-MBA SALARY Average Percent Increase of Post-MBA Salary at Graduation Fast Facts FOR THE 2012 GRADUATING CLASS TCU MBAs increased their salaries by: $20,000 $76,975 10,000 + Corporations in DFW 100% Students Who Obtained an Internship Work Experience Breakdown FOR THE 2012 GRADUATING CLASS 39% 25% 36% YEARS EXPERIENCE < 3 years 3-6 years > 6 years 2x Average Salary Increase at Graduation $81,331 Average Post-MBA Salary Average Salary by Work Experience Years of Professional Work Experience More than 6 years 3-6 years Less than 3 years Average Salary $85,155 $82,943 $77,000 Range $75,000-$100,000 $65,000-$115,000 $70,000-$90,000 87% Students Employed 90 Days After Graduation $17,000 Average Signing Bonus MBA Internships Students with Internships Average Weekly Salary 100% $920 $10,150 Average Other Guaranteed Compensation ROI: Function Financial Marketing Other FOR THE 2012 GRADUATING CLASS PRE- AND POST-MBA SALARY Average Salary by Function Average Salary $82,857 $83,063 $79,971 $88,333 Recent Employers 7-Eleven Academy Sports & Outdoors Alcon Laboratories American Airlines AT&T Baylor Health Care System Bell Helicopter-Textron Campbell Soup Company Hewlett-Packard Hilton Worldwide IBM Intel JP Morgan Chase Kellogg’s KPMG LiveStrong Lockheed Martin Luminant Mary Kay Cosmetics McKesson Medical Clinic of...
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...environment. According to a peer reviewed journal article, “There's strong evidence that earning an executive MBA can boost your career. Last year, 43% of students enrolled in executive MBA programs received promotions, up from 34% in 2004, according to the Executive MBA Council” (Beau, (2007, April 23). Going forward, a Master’s in Business Administration usually requires one to two years of additional full-time study after a bachelor’s degree. According to the Bureau of Labor Statistics management professions are expected to thrust by the thriving economy and business advancements. Thus, this is the main reason that I decided to obtain my Master’s in Business Administration. After obtaining my Bachelor’s Degree in Business Management in June 2012 I decided to go forward with my educational goals. My goal is to get into the field of administrative services. Administrative services managers support the services of an organization. I am currently in the cosmetology industry and plan to stay within this industry. As an administrative service manager my function would be to coordinate supportive services of an organization, plan, preferably in a respected salon chain, and lead the activity within that organization. “Employment of administrative services managers is expected to grow 15 percent from 2010 to 2020, about as fast as the average for all occupations” (Bureau of Labor Statistics, U.S. Department of Labor, 2011). The inspiration for my decision is that possessing a higher degree...
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...Decision to Obtain an MBA MGT/521 October 12, 2012 Abstract According to CBS Money Watch (2007) as it pertains to an MBA Degree, “ When it comes to the practical value of the degree, the once-lonely voices of dissent have, in recent years, grown into a chorus of criticism. Among their accusations: The degree is over-hyped, MBA curricula are out of touch with real-world demands, and many programs have a culture that turns a blind eye to cheating. If the business world starts paying attention to these naysayers, that $100,000 tuition or the decision to pay big bucks to hire an MBA may start looking like less of a sound investment.” Decision to Obtain an MBA The decision for an individual to obtain his/her MBA can be both personal and professional. There are many negative connotations regarding the pursuit of an MBA. There are questions regarding whether or not it increases the pay range of an individual with an MBA vs. those individuals without an MBA. According to Brewer and Brewer (2012) “In a study involving MBA students, Simmering and Wilcox (1995) identified five factors that largely influence the decision to pursue the MBA graduate degree. These factors center around the personal prestige associated with the MBA, career exploration opportunities, goals for developing and improving interpersonal skills, entrepreneurial aspirations, and increasing career mobility.” The “[Graduate Management Admission Council] GMAC...
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...| Age Discrimination in Employment Act | ADR | Alternative Dispute Resolution | AISES | American Indian Society for Engineering and Sciences | ASP | Application Service Provider | BFOQ | Bona Fide Occupational Qualification | BLS | Bureau of Labor Statistics | COLA | Cost of Living Adjustment | CPI | Consumer Price Index | CV | Curriculum Vitae | DOL | Department of Labor | EEO | Equal Employment Opportunity | EEOC | Equal Employment Opportunity Commission | ERP | Enterprise Resource Planning | EVP | Employee Value Proposition | FCRA | Fair Credit Reporting Act | FLSA | Fair Labor Standards Act | FMLA | Family & Medical Leave Act | FTE | Full Time Equivalent | GINA | Genetic Information Nondiscrimination Act | HIPAA | Health Insurance Portability & Accountability Act | HRIS | Human Resources Information Systems | HRP | Human Resource Planning | IRCA | Immigration Reform & Control Act | IRCA | Immigration Reform and Control Act | JAN | Job Accommodation Network | JOLTS | Job Openings & Labor Turnover Survey | KPE | Key Performance Indicators | KSAO | Knowledge Skills Abilities and Other Characteristics | MBO | Management by Objective | MBTI | Myers-Briggs Type Indicator | NAACP | National Association for the Advancement of Colored people | NAFTA | North American Free Trade Agreement | NBMBAA | National Black MBA Association | NSHMBA | National Association for Hispanic MBAs | NLRA | National Labor...
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...What is an MBA? An MBA is the Master of Business Administration degree granted by colleges and universities. Receiving an MBA is a good way to get ahead in your career. Earning a Master of Business Administration degree leads to promotions, job offers from competing firms and salary increases. Nowadays, companies can afford to be more selective in whom they hire so it's important for candidates to have every advantage they can when seeking employment or promotions, which leads to more people obtaining an MBA to give them an advantage in competitive job markets. There are several pros and cons that should be weighed when deciding whether or not to pursue an MBA degree. While there are some arguments against obtaining an MBA they are minimal- the amount of work, cost, time and commitment are a few objections. On the other hand, favored arguments of getting an MBA are limitless. Everyone's aspirations, career dreams and goals vary but can all come true by getting an MBA. Schweitzer (2012), stated, "Students of MBA programs study the theory and application of business and management principles. This type of study equips students with knowledge that can be applied to a variety of real world business situations. The MBA degree is thought to be one of the most prestigious and sought after degrees in the world" (MBA-Understanding the MBA Degree, para.1). Although every person's situation is different, there are some arguments in favor of a Master's of Business Administration Degree...
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...RUNNING HEAD: CONSTRUCT AND SUPPORT AN ARGUMENT PAPER University of Phoenix Management – MGT521 Instructor: Diane Hunt-Wagner July 12, 2010 Construct and Support an Argument Paper In this paper, I will outline the three main reasons why I choose to pursue a Master’s degree in Business Administration (MBA). Although there are multiple benefits to acquiring an MBA, the three most important to me include fulfilling a lifetime personal goal, balancing the needs between my internal and external career, and maintaining my employability skills throughout my career. Results from the Jungian Personality self-assessment classify me to be intuitive, sensing, thinking, and judging (ISTJ). The assessment indicates that ISTJ personality traits are consistent with attributes associated with professionals who work in business related capacities. These results reaffirmed my decision to purse an MBA and a career in the field of business. Why an MBA |Since beginning my career at the somewhat early age of 20, it has been my personal goal to earn my MBA. My first bona fide job was with | |the National Aeronautics Space Agency (NASA) at Kennedy Space Center, Florida working as a File Clerk in the Engineering Documentation | |Center. This experience allowed me to interact with some of the world’s best educated scientists and professionals. This experience also | |opened my mind and expanded my world to the possibilities associated with the pursuit and attainment...
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...minutes indicate, that the purpose of the emergency meeting was to review a report generated by a Special Investigative Panel for Review of Executive MBA Program Records. The subject surrounding this case was Heather Bresch, a West Virginia University graduate who falsely claimed to have received a MBA degree from the university. According to announcements made by Mylan Pharmaceuticals in October, 2007, Ms. Bresch had been promoted to their chief operating officer. Shortly after this announcement a local newspaper, the Pittsburgh Post-Gazette published an article stating that Ms. Bresch in fact did...
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...Butkiewicz MGT/521 June 6, 2014 Rodney Klein Functional Areas of Business Barbara Butkiewicz MGT/521 June 6, 2014 Rodney Klein Abstract Operating a business is a complex task which involves many facets. The MBA Overview Model defines eleven functional areas of business, including management, law, human resource management, leadership, accounting, finance, economics, research and statistics, operations management, marketing, and strategic planning. In order to succeed in business, the organization must bring together the functional areas accordingly to achieve organizational goals. A critical role in any business is the manager. The manager plays an important part in utilizing each area to align the organization collectively towards economic prosperity. In this paper, I will examine the role of the manager in each of the functional areas of business. A business organization is a very complex structure. In order to be successful, a business needs to coordinate and organize many areas within the organization to achieve its mission. According to the University of Phoenix’s MBA Overview Model (2014), the functional areas of business include management, law, human resource management, leadership, accounting, finance, economics, research and statistics, operations management, marketing, and strategic planning. An essential component to any business that intertwines the functional areas is the manager. The role of the manager plays an important part in utilizing each...
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...Decision in getting an MBA Decision to get an MBA At a young age, my initial dream profession is through the imagination in becoming a successful teacher, and later changes my mind in visualizing, pursuing my education Health Care Management and finally ended the ultimate decision on pursuing on MBA. The decision-making development headed for accomplishing my MBA entails heavily preceding the optimistic side; in comparison to the opposing objection. It has been three long years ever since I graduated and achieved my bachelor’s degree in Workforce Education and Development. The raising objection is in conjunction with the various contemplations came to mind, afore the explanations the motivation why my decision concluded to concentrate an MBA program. In today’s economy, the competition is rather difficult without a graduate degree, struggling together, is the United States Navy. The Navy mandated several policies toward downsizing certain ratings for personnel staffing, luckily enough, my rating is not on the planned policy. The continuation advantage in the development of my professional and personal growth in pursuing MBA is fundamentally marketable as an active duty military and enhance potentially in civilian life. Taking into consideration the majority of years’ experience, as military active duty Logistics Specialist, MBA program willpower me an opportunity to strengthen my global business background, expanding my networking...
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...every international student should know about NYU Stern The New York University Stern School of Business was founded in 1900 by Charles Waldo Haskins, co-founder of Deloitte’s predecessor Haskins and Sells and a nephew of Ralph Waldo Emerson. It was then known as the School for Commerce, Finance, and Accounting, and prepared students for careers in the financial markets of New York City. In 1988, following a $30 million gift from alumnus Leonard N. Stern (MBA 1959), the school improved its facilities, and was renamed the Leonard N. Stern School of Business. Ten years later, in 1998, a $10 million gift from Henry Kaufman (PhD 1958) supported a major upgrade of Stern’s facilities. In 1999 came a similar gift from Kenneth Langone (MBA 1960). In 2000, Stern celebrated its centenary with the launch of a $100 million Centennial Campaign, which helped the school double its endowment, enhance the number of named professorships, and increase financial aid to students. Here are more facts about the school, with a focus on its full-time MBA program. Location: NYU Stern is located in the center of Greenwich Village, near Washington Square Park...
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...“BUSINESS MANAGEMENT” In companies large and small, ranging from manufacturers to service providers, business managers play a key role in contributing to an organization’s profitability and viability. The role of a business manager can vary widely depending on the industry and size of the organization. As a company’s needs change, its business managers may be required to take on additional responsibilities. The wide range of business skills needed in this profession can be acquired through a bachelor’s degree in business administration program with a specialization in management. Job Outlook for Business Managers The U.S. Bureau of Labor Statistics (BLS) reports that employment of general and operations managers is expected to remain steady in coming years. The number of job openings in any given field will depend on the overall growth within that industry, so the best opportunities will likely be in high-growth fields such as healthcare and information technology. The prestige and high pay of business manager jobs often results in strong competition. Professionals with advanced education and relevant experience should enjoy the best opportunities. Request More Info About This Career Job Duties Business managers assist companies in reaching goals and objectives related to sales, productivity, profitability and industry penetration, among other areas. While some business managers supervise a single department, others may direct the overall operations of privately owned...
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...UNIV B101-Part 2 Development Plan Instructions INDUSTRY OUTLOOK My desired career path is Management Analyst; and I provided research on the general outlook for management. The Bureau of Labor Statistics documented that “Employment of management analysts is projected to grow 19 percent from 2012 to 2022, faster than the average for all occupations”, where it will also increase the demand for consulting services and be more competitive. Also growth of international business will also contribute to an expected increase in demand for management analysts. For required education, the typical entry-level requirement for management analysts is bachelor’s degree, but some employers prefer MBA students. Common field of study would include marketing, management, economics, political science, finance, marketing and etc. I will choose marketing and finance as my graduating majors and study MBA after. The license of CMC (Certified Management Consultant) is not required for entry-level management analyst, but would make seekers competitive. The median wage of management Analyst is 37.79 per hour, $78,600 per year. Its projected growth faster than average during 2012 and 2022 SMART Goals Networking * Complete 12 informational interviews, during the winter of 2014, participating in Drexel Career Fair and network with many company HRs, such as Johnson & Johnson, EY, Pwc, Chase, and ECT. * Get chances to know HRs from different company * Viable career paths...
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...vast majority of architectural and engineering managers have at least a bachelor’s degree in an engineering specialty or a professional degree in architecture. Many also gain business management skills by completing a master’s degree in engineering management (MEM or MsEM) or technology management (MSTM) or a master’s in business administration (MBA), either before or after advancing to management positions. Employers will sometimes pay for such education. Typically, those who prefer to manage in technical areas pursue an MsEM or MSTM and those interested in more general management skills earn an MBA. Engineering management programs usually include classes in accounting, engineering economics, financial management, industrial and human resources management, and quality control. Technology management programs typically provide instruction in production and operations management, project management, computer applications, quality control, safety and health issues, statistics, and general management principles. Work Experience in a Related Occupation for 5 years or more Managers advance to their positions after years of employment as an architect or engineer. They usually have experience working on increasingly difficult projects, developing designs, solving problems, and making decisions. Before moving up to a management position, they also typically have experience leading engineering teams. II. Earnings Wage of Architectural and Engineering...
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