Why an MBA?
Six Reasons You Should Consider an MBA Program
We recognize there are many graduate degree programs available, and there are more ways than ever to receive your education. A Master of Business Administration (MBA) is a brand and designation that resonates in every country and every language. For many, an MBA is the terminal degree for the business world, but it also offers a strong ROI for a broad range of industries as well as a transformative personal experience.
Versatile Across Industries and Functions
An MBA is not just for those in finance and consulting. Georgetown MBA alumni also work in technology, real estate, healthcare, hospitality, government and policy, nonprofits, international development, energy, education, military, manufacturing, transportation, and the media, entertainment, and sports. For detailed employment statistics, please visit the MBA Career Center website.
Within those industries, our alumni work across functional areas, including marketing and sales, operations and logistics, finance and accounting, consulting, human resources, information technology, and general management.
We seek students with a variety of experience across these industries and functions, too. This diversity of thought allows for rich and thought-provoking conversations. In fact, more than 70 percent of our full-time and part-time students have an undergraduate degree in a specialization other than business. We want this diversity so that you can learn just as much from your peers as you learn from your professors.
Transformative Personal Growth
An MBA experience is just that, an experience. Unlike other graduate degrees where you might take classes and go home, in an MBA program you are expected to get involved outside of the classroom to improve your leadership ability. Here are just a few leadership opportunities at Georgetown McDonough:
- Student organizations: Students have access to over 40 clubs and 350 board positions available for you to hone your leadership skills.
- Case competitions: Through industry-specific case competitions, students develop leadership skills, assess problems, and pitch solutions to industry experts within intense 24-48 hour periods.
- Consulting experiences: Through the required Global Business Experience (GBE), an international consulting project, and optional consulting experiences through Net Impact's Service Corps, you can hone your problem solving abilities by solving real world client problems.
- Global experiences: From our signature Structure of Global Industries (SGI) course to GBE to international student-led career treks, we help you make the right connections with global executives in business, government, and nonprofit organizations.
Skills and Expertise
A specialized master's degree is likely to offer a more narrow skill set, while an MBA provides you with a broad range of skills that will prepare you for any industry or job function.
No matter the industry or function which you pursue, you'll likely need skills to manage a budget; manage a team; sell a product, service, or idea; understand your broader economy or industry; and develop innovative ideas.
You will learn and refine a wide breadth of skills in an MBA program:
- Critical thinking
- Executive presence
- Strategy and innovation
- Managing human capital
Return on Investment
An MBA does require an investment, but the return on investment is strong. According to GMAC, 86 percent of corporations plan to hire MBAs in 2017, and U.S.-based employers plan to offer recent graduates a median base salary of over $100,000. At Georgetown, our full-time class of 2017 earned:
- Average Salary: $112,501 (U.S. students: $114,678, Int'l: $106,212)
- Average Signing Bonus: $28,516 (U.S. students: $27,994, Intl: $30,627)
Our MBA Career Center has more career and internship data here.
Robust Career Services
Whether you want to enhance your career, switch your career, or launch a company, the career services provided by an MBA program are unmatched compared to other graduate programs. There are often more resources, more staff, and more events to prepare students for landing the perfect summer internship and full-time job. Georgetown McDonough’s MBA Career Center offers:
- Career advisors knowledgeable about specific industries or functional areas
- Curriculum of webinars and workshops, including case-based interviewing, behavioral interviewing, and salary/offer negotiations
- Trips to visit employers and alumni, focused on a geographic location or industry (e.g. finance, energy, or marketing treks; California or East Coast; London or Shanghai)
- Career fairs and national career conferences (e.g. NBMBAA, NSHMBA, NAAMBA, Reaching Out, Net Impact)
- Employer information sessions
- On-campus interviews
- Job database
- Networking events with alumni
In addition to the skills and return on investment, an MBA provides you with a community of peers that will become your network for life. As a Georgetown McDonough MBA you join an alumni community of 190,000 who are located in 110 countries throughout the world. They may be your future business partners, vendors, suppliers, and certainly lifelong friends.