A Master of Business Administration (MBA) isn't exactly the same as a bachelor's degree. Many businesses don't care where the degree came from as much as whether you have one or not. MBAs can likely guarantee you a good salary if you find a job using the degree. They can also help you get promoted and in many cases, they can even be required for you to accept a promotion. Despite what many people think, you don't need to spend a few years of salary paying for your degree just to get a good one. Let's check out a few reasons why.
That's right, just like certain bachelor's degrees, many companies will pay for you to get an MBA. If you want detailed instructions on how to get your employer to pay for your MBA, you can check out this about.com article. The bigger the company, the more likely they will offer an option for you to work for an MBA. Unfortunately, there's no way to know whether your company provides that option unless you ask, or unless they advertise it specifically.
Talking to the Human Resources department often serves as the quickest route. At the very least, they can let you know whether a pre-established program exists. Otherwise, just discuss it with your boss. You can always set out your own plan and present it to your employers. Even if they end up saying no, it's worth finding out, and they'll appreciate that you have the drive to improve your skill set.
Getting an MBA at a traditional university can cost a lot. In most cases, it's simply not worth it to drop that much cash on such a degree. Online MBA programs, like Washington State's, can teach you all the same information at a fraction of the cost.
Not only can you earn the degree much cheaper, you can often learn it more quickly than many other programs, too. The online MBA program requires you to finish within 22 months. You can choose concentrations in Marketing, Finance, or International Business. Even if you don't have a bachelor's degree, you can take foundational classes to get you prepared.
That's right, you can actually deduct the cost of your MBA as a business expense on your taxes. Make sure to talk to a tax professional to see if you qualify before you head down this route, but it's one of the best ways to make affording an MBA much easier. It's possible to deduct up to $15,000 of your MBA education from your taxes. It only works, however, if you're already working in or running your own business.
For example, if you work as an accountant and you get an MBA degree to get a promotion, you can certainly deduct at least some of that tuition from your taxes.
Don't end up in debt for years paying an unnecessary amount of money for your MBA. Follow these tips, do some research, and talk to the experts and to your employer to find out how you can get your hands on a degree without breaking the bank.
1. Your Work Can Pay for It
That's right, just like certain bachelor's degrees, many companies will pay for you to get an MBA. If you want detailed instructions on how to get your employer to pay for your MBA, you can check out this about.com article. The bigger the company, the more likely they will offer an option for you to work for an MBA. Unfortunately, there's no way to know whether your company provides that option unless you ask, or unless they advertise it specifically.
Talking to the Human Resources department often serves as the quickest route. At the very least, they can let you know whether a pre-established program exists. Otherwise, just discuss it with your boss. You can always set out your own plan and present it to your employers. Even if they end up saying no, it's worth finding out, and they'll appreciate that you have the drive to improve your skill set.
2. You Can Get It Online
Getting an MBA at a traditional university can cost a lot. In most cases, it's simply not worth it to drop that much cash on such a degree. Online MBA programs, like Washington State's, can teach you all the same information at a fraction of the cost.
Not only can you earn the degree much cheaper, you can often learn it more quickly than many other programs, too. The online MBA program requires you to finish within 22 months. You can choose concentrations in Marketing, Finance, or International Business. Even if you don't have a bachelor's degree, you can take foundational classes to get you prepared.
3. You Can Deduct Your MBA
That's right, you can actually deduct the cost of your MBA as a business expense on your taxes. Make sure to talk to a tax professional to see if you qualify before you head down this route, but it's one of the best ways to make affording an MBA much easier. It's possible to deduct up to $15,000 of your MBA education from your taxes. It only works, however, if you're already working in or running your own business.
For example, if you work as an accountant and you get an MBA degree to get a promotion, you can certainly deduct at least some of that tuition from your taxes.
Don't end up in debt for years paying an unnecessary amount of money for your MBA. Follow these tips, do some research, and talk to the experts and to your employer to find out how you can get your hands on a degree without breaking the bank.