MBAs are often seen as an effective way to pursue advancing your career in business. In particular, earning an MBA in accounting can open doors to a variety of opportunities for going after your dream job or advancing your existing career.
Keep reading to learn a few other hidden benefits of pursuing an MBA in accounting.
1. Increases Your Network
Whether you’ve been working in business and management for a while or are just starting your career, you no doubt already know the importance of having and maintaining a solid network of connections. Networking can help you land a job, score a promotion, make sales, and more. But if you’ve been working in the same position for years, growing your network can sometimes feel difficult.
Pursuing an MBA is a great way to quickly expand your network and add solid relationships that you can use to grow and advance your career after graduation. Your course instructors are one great resource, as they’re often experienced professionals who have a variety of connections in many different fields and areas. Professionals you have a chance to work with while earning your graduate degree are another great connection.
Finally, your fellow classmates are working to advance their careers and are connections that may become even more valuable in the future.
2. Offers a Variety of Career Opportunities
There’s no shortage of reasons why you might pursue an MBA. While some students do earn advanced degrees before working in a professional setting for the first time, many go back to school to earn their MBAs later on in order to open doors to new career opportunities.
The process of earning an MBA in accounting allows you to learn and develop skills that can help you succeed in the field, such as the ability to lead a team or handle more advanced problems.
If you’re already working in accounting, it may help you to prove that you deserve a promotion, as employers recognize the value of an employee who not only holds an advanced degree but had the drive to pursue it. The addition of an MBA to your resume can also help to give you a leg up when applying to a new position or negotiating for a higher salary.
3. Improves Your Soft Skills
Earning an MBA in accounting can help you succeed in the profession. But it’s also a great way to improve your hard and soft skills that are applicable to other careers as well. According to studies from Harvard, the Stanford Research Center, and Carnegie Foundations, 85% of career success derives from soft skills and people skills.
That leaves 15 percent of your success in your career to technical skills and knowledge related to your chosen field. Whether you want to improve your soft skills as they relate to accounting, or you want to be prepared in case you decide to change careers in the future, the soft skills you’ll develop while earning an MBA will certainly help.
4. Realize Your Potential By Pursuing an MBA
Earning an MBA can open doors to new career opportunities, help you hone your soft skills, and allow you to make valuable professional connections. Now that you know the benefits of earning this advanced degree, it’s time to find the right program. Online MBA programs offer a flexible option for students working full time or juggling other responsibilities, like raising a family.