The popularity of the Master of Business Administration (MBA) is growing. In fact, according to Poets & Quants, the MBA is currently the most popular advanced degree in the United States.
One reason for this may be the potential financial rewards. Still, according to a 2017 Graduate Management Admission Council (GMAC) survey of prospective students, the cost of an MBA is a big concern.
It makes sense to consider cost when choosing an MBA program. Louisiana State University in Shreveport (LSUS) offers an accredited, affordable MBA with a Concentration or Specialization in International Business. With coursework students can complete in just 10 months, this online program is a great option for professionals seeking careers in global business environments.
How Does LSUS's International Business MBA Work?
LSUS's program delivers a well-rounded foundation in operations, marketing and strategic decision-making for international business. It also allows students to choose from either a specialization or a concentration:
- Students pursuing an MBA with an International Business Specialization take two specialized courses and one additional MBA elective.
- Students choosing an MBA with an International Business Concentration also take two specialized courses. The International Business Experience program -- a short study-abroad opportunity -- takes the place of a third elective. Additional fees, such as travel fees, apply.
What Makes LSUS's International Business MBA a Great Value?
Affordability is an important consideration when selecting an MBA program. Numerous expenses contribute to the total cost of any MBA program, for example:
- Application fees.
- Registration fees.
- Program tuition.
- Books and materials.
- Club and activity fees.
- Loan interest.
- Moving expenses, should a student attend a school that is either not online or within commuting distance.
- Wages students may forego to attend a traditional full-time, two-year program.
These costs can add up, which is why it helps to look at affordability when considering the value of an MBA. A program like LSUS's MBA with a Concentration or Specialization in International Business, for example, is affordable by many measures. And because students can complete their coursework in under a year, they can be prepared for high-level careers sooner than with many traditional MBA programs.
What Is the Return on Investment?
According to GMAC, it takes three and a half years to recoup the investment in a full-time, two-year MBA program. At LSUS Online, students can earn a highly ranked MBA at a fraction of the cost of other programs, allowing them to recoup their costs much sooner.
Potential wages factor into the value of an MBA as well. As the following sources show, employment prospects for MBA graduates are strong. Specializations, such as international business, can increase earnings, which may reduce the time it takes to recover one's investment in the degree.
- The U.S. Bureau of Labor Statistics (BLS) reports a strong job outlook for MBAs. Some of the highest wages are found in business occupations, with workers who have a master's degree.
- According to Poets & Quants, international business is among the highest-paying MBA specializations, with mid-career salaries averaging $121,000.
- GMAC reports that employers pay more for MBAs with specializations, such as international business.
Plentiful evidence supports the value of an MBA. In addition to preparing students with the leadership abilities employers are looking for, an MBA can lead to higher paying jobs. As part of the process of choosing an MBA program, it makes good business sense to consider affordability.
Have a question or concern about this article? Please contact us.