“As the ideal candidate, you are a recent MBA graduate...” “...MBA or MSc with HR emphasis a strong plus.” “Attainment of an MBA is preferred.” “An MBA or graduate business degree is required.”
These phrases are all pulled from a recent indeed.com search for Canadian management and executive positions. These specific job listings will come and go as the positions are filled, but it’s a certainty that if you perform the same search yourself today you’ll see the same phrases time and time again. The reality is that the job market is glutted with talented candidates so in order to even get the time of day from most hiring managers, you need advanced credentials. Accredited online MBA programs, like the one offered by Aston University, have become the preferred way for many students to pursue their career goals in a flexible, cost-effective format.
But how do online MBA graduates get hired? In this article, we examine the path many of our students take to reach career success.
MBA programs typically require some combination of previous education and professional experience to qualify—in this sense, being accepted to a business school is like passing a job interview. As with interviews, school admissions officers don’t always have a schematic idea of the perfect candidate before the process begins. For example, Aston’s distance online MBA does not require passing the GMAT, and some students don’t even hold undergraduate degrees—this is reflective of the precedence the university gives to relevant professional work experience.
While some MBA graduates are seeking a position with a new employer, frequently the degree is a means to move upward in one’s current company. Although many older senior managers and executives do not hold MBAs, they worked their way up at a time when the degree was not as commonplace as it is now. Today, the upper echelon is practically barred from those without a relevant graduate degree.
However, by the same token, the degree’s persuasiveness is limited when it is not matched with real-life accomplishments. Part-time and distance learning programs are ideal in this regard, as they allow students to establish their academic bona fides while continuing to impress on the job.
MBA Salary and Career Expectations
There is virtual consensus on the salary benefits of earning an MBA. Salaries tend to rise sharply within three years of graduation. In terms of this metric, the biggest calculation a student has to make when choosing a school is whether the one gets from a high-ranked institution will offset the steeper tuition fees.increase
American website MBA.com has a useful tool for estimating your likely post-graduate earnings depending on the industry (manufacturing, energy, healthcare, and others) you are most interested in, which can be found here. While the skew between those in the highest and lowest wage percentiles can be significant, in most cases MBAs are looking at salaries well north of $75,000 per year. In Canada, these findings also bear up: as we noted in a previous post, MBA graduates in Canada average a 136% increase in earnings following the completion of their studies.
The road to getting a better job starts with selecting the right school for you. By taking into account costs, potential benefits, areas of specialization, location and schedule, you can narrow down the institution which will offer you the best return on your investment.
Aston University’s online MBA provides Canadians with a unique opportunity to earn a prestigious international degree at much lower tuition than most of the country’s domestic business schools. Contact us today to explore our program.