Is there an MBA in your future?
Five reasons to go back to school
(even if you stay at home)
More money? Sure, there's that, but there are other reasons for returning to school (including Michigan Tech) for an MBA. We asked some folks who know to sell us on the idea.
Advance your career
"The MBA helps you work your way up the ladder, thanks to improved communication skills, which are a necessity whether you're an engineer or not," says Kaari Nevanen MBA '10, technology advisor at Mindovo.
"The concept of innovation is so important today, and you need to understand technology as much as you need to understand business," says Jim Lenz, director of the John Deere Technology Innovation Center. "They need to be combined. When I got my MBA, I realized the importance of reinventing products to satisfy customer needs, for example."
Broaden your thinking
"If you are running a business, the MBA makes a big difference," says Scott Pattullo '81, senior vice president of sales, marketing, and account management for Wheels Inc. "It exposes you to more-forward approaches to issues, which you could gain through experience, but the MBA accelerates that process."
The average starting salary Tech engineering graduates reported to the Career Center during the 2010–11 academic year was about $58,000. Among new Tech MBAs, the average was $63,000, "even with minimal work experience," says Darrell Radson, dean of the School of Business and Economics. "And during economic downturns, companies tend to hire more MBA graduates. In fact, for some corporations, an MBA is a stringent requirement for management-track positions. With work experience and an MBA, the salary differential greatly increases, making the value of the MBA more pronounced."
You can actually do this
Once you've graduated and entered the workforce full time, the thought of returning to college can be daunting. However, many MBA programs, Tech's included, are offered online. "The Tech MBA Online has easily integrated into my everyday life," says current student Megan Benam '07. "The program allows me to complete the course work in a timely manner that is conducive to working full time, traveling for work, and maintaining a personal life."