MBA is the new undergrad
While the trend of jobs that require a Masters’ degree or an MBA has been steadily increasing over the past decade, the recent pandemic has demanded that those who aspire to business leadership positions commit themselves to post-graduate education.
According to an article in the Economist, a bachelor’s degree is the de facto requirement in the world of business, but increasingly, it’s not enough for those who aspire to lead. While a bachelor’s degree is required for many jobs, here are a few reasons why an MBA is becoming the “must do” next step.
Raising the bar
Employers are raising the bar for the skillsets needed to succeed. These skills go beyond the staples of accounting, finance and operations to include strategic thinking and innovation – and can determine whether you sink or swim in today’s unprecedented economy.
Right now, prioritized value is being placed on skills like:
- Analyzing problems
- Communication
- Strategy
- Dealing with ambiguity
- Leadership
- Navigating technological disruption
- Innovation
With an MBA being one of the most widely known degrees you can obtain, it can give you the flexibility to jump into any business challenge head on, armed with the tools to solve complex issues. In addition, the networking from an MBA program, regardless of the format, is invaluable due to the broad scope of perspectives you gain from fellow classmates, and the business network that you form with them.
What the data says
The findings of the 2020 GMAC Corporate Recruiters Survey suggest that, “employers remain confident about the value of graduate management talent, which is also apparent in their relatively steady hiring projections and salary trends. In sum, the skills and abilities acquired by graduate management talent during their business school experiences make them a valuable asset in supporting organizational recovery and resiliency.”
In addition, although confidence in the global economy has dropped, employers are still certain that graduate education will consistently be able to prepare future talent for the uncertain market and give them the skills to tackle the inevitable coming changes.
What an MBA can do for you
Although the cost of an MBA and its return on investment has been a long debated and studied conundrum, the skills you gain make you a valued asset to your organization, giving you a springboard to climb any ladder you choose. Also, finding a quality MBA program at a reasonable price is much easier today.
An MBA remains one of the most diverse post-grad degrees you can obtain. Regardless of your undergrad degree, it will give you a broader foundation to expand within your chosen industry, or even change course completely. It can be used in almost any industry, including those that you may not have an undergraduate degree in. An MBA enables you to make an impact and manage at a higher level even without extremely deep vertical market experience.
As the GMAC corporate recruiters survey confirms, hiring of MBAs remains steady, even in an uncertain market. So there’s no better time to plan to advance your career. And an MBA may very well be the next logical step.
You may have heard your peers in higher ed or your digital agency talking about advertising on Spotify, Pandora, Reddit, Pinterest or even TikTok. These social platforms have become commonplace everyday “stops” for many people, especially as
By now, it is not new news that colleges have had to drastically alter their admissions process. In both undergrad and higher ed institutions alike, requirements have quickly shifted as a result of the pandemic limitations. Schools that never intended to veer from their admissions “rites of passage” have been forced to change their processes or risk being changed by the landscape.
By now, it is likely that your school has a statement on its homepage following all of the changes COVID-19 has created in the higher education space. However, if the plan only goes so far as detailing what the overall university is doing, you may need to take it a step further to communicate how your individual programs will operate within your business school.
How do you evaluate marketing effectiveness and enrollment in a year where benchmarks are out the window?
When the Spring 2020 recruiting cycle was upended mid-stream due to COVID-19, many schools had to pivot quickly. Since then, the entire higher education industry including recruiters, marketers and leaders have been operating in pandemic emergency mode, focusing on the short term out of necessity and trying to remain as flexible as possible to address continuous change. As such, there have been
Say it’s the beginning of your school’s recruiting cycle and you’ve completed last year’s analysis—reviewing enrollment numbers, the impact of marketing on those numbers and even cost-per-seated-student. You’ve solidified your marketing budget, planning is underway and you’re feeling confident in your next steps. But then, you get the call from recruiting saying that they’ve added a new program or increased their enrollment goals. What do you do now? How do you build a media budget that can support your current programs while also making accommodations for these changes? Do you need to request more funds? How can you justify the additional funds, and more importantly, what’s your new plan?
As experts in higher education marketing and inbound marketing strategies, we are constantly tracking the trends our clients and their competitors are using to gain quality leads. Here we share 4 things you may not know about higher education lead generation and how you can add them to your media marketing mix.
During a time when many schools are being forced to stretch their marketing and operations dollars, you may be looking for a creative solution to meeting your enrollment targets. A new approach could be seeking out a shared risk relationship with a digital marketing agency that gives you more freedom, not more restrictions.
When was the last time you put your phone down? Have you recently made it through a day only to have a sharp pain in your neck from looking down at your mobile device to text, FaceTime, check emails or browse the news? Have you ever been on a Zoom call while also scrolling through your phone at the same time?
