Monday, May 18, 2020
Riding a Business Career Rein in Your Career Success By Taking The Right Path!
Riding a Business Career Rein in Your Career Success By Taking The Right Path! So, youve got your business career launched with a bachelors degree. Now, there are career path choices that can make a huge difference in both personal satisfaction as well as earning potential. And, if youre inclined towards pursuit of the C-suite, making the right choice can mean almost 100% higher income. True enough, were not all driven by the same things. But if youre determined to get the largest return on your education investment you can, theres definitely things to consider. Those include: Is your bachelors degree enough or should you pursue a masters degree? What specific career path do you want to choose? Are you looking to simply lock in a good position, or are you driven to lead? Heres a brief look at how to take the reins of your business career and take it home to your version of the winners circle. What Specific Career Path? Forty years ago, a generic degree in business may have been enough. It would usually get you in most doors. Nowadays, specialization is not only the norm, but its recommended. But with choosing a specialization, you may be limiting future opportunities and income. Heres what you should research: Whats the potential employment demand? How much education is needed to achieve your ultimate career goal? How much of a consideration is compensation? Bachelors Degree Enough? In todays competitive job market, an improving economy hasnt changed the reality that 33% of companies now require a masters in positions that were historically filled by those with a bachelors degree. If you landed that first job with a four year degree, kudos to you. But with each career shift, youll be missing at least a third of potential opportunities. Thats not good news for those who are tired of being a (poor) full time student, tapped out on tuition dollars, or unwilling to take on more student loan debt. If thats you, you still have options. Consider an online MBA. Online education has become a viable mainstream option, and is both more affordable and flexible. C-Suite Part of Your Goals? Not everyone is suited for executive level positions. Nor does everyone have a desire to achieve that in their career. But if you do, its a sure thing youll need an MBA. As well, youll have to carefully plot and navigate your way up the corporate ladder. Heres some key findings from a recent study conducted by Campbellsville University: Even as entry-level workers, accountants have options to further their careers much quicker than many other professions with licensing and certification. With an MBA, they leave school able to jump into any senior financial position. An MBA in Information Technology can get you to the top of the ladder instantly. It can also earn you the highest salary among any MBA concentration. Because more and more businesses are going global, those with MBAs in International Business will more than likely have their pick of the litter when it comes to job offers. Taking care to make education and career choices that work for you is important. Check out the infographic below for a great visual representation of how various business career paths differ in income and required education. The bottom line is that its your choice, but choose wisely!
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