In an article from the Wall Street Journal, For Newly Minted M.B.A.s, a Smaller Paycheck Awaits, the ever-popular MBA was given a hard look in terms of return on investment and impacts in climbing the corporate ladder. The MBA has many winning attributes and can advance an individual’s career trajectory. But, as the WSJ explores, the MBA is no longer the only game in town and it’s also not viewed as the same accomplishment it was up until the early 1990s.
MBAs have historically been a fail-safe way to get noticed by upper management and a great segue into executive levels of a corporation. However, virtually all schools are offering MBA programs now in full time 2 year, part time, and executive curriculum. Adding to the decreased illustriousness of the degree, online MBA programs can allow for questionable academic input for the once valuable document. The flood of MBA students has been swollen by the recent recession sending students and laid off professionals back to school in droves, seeking advanced degrees.
The WSJ article explores the balance of cost and return on an MBA and the lingering question remains- how many MBAs can the market sustain? Many companies have taken to hiring undergrads at lower salaries and opting to train them on the job and with continuing education programs. So, would professionals be better off seeking specialized training for their future path in lieu of an MBA?
The Graduate School of Banking at LSU offers one such opportunity to professionals in the banking industry who would like to expand on their practical approach to banking, with applications to profitability and community growth with their own banks and financial institutions.
The Graduate School of Banking at LSU has compiled a whitepaper exploring the differences between selecting a graduate degree program with GSBLSU vs an MBA. In the whitepaper, aspects covered include:
-Duration of Courses and Time Commitments
-Impacts on Career Development
-Prerequisites to Acceptance
-Employer Involvement and Funding
-Benefits of both GSBLSU and MBA degrees
Simply click the image below to access this whitepaper.