Why Earn an MBA?
Robert Edson
University of Phoenix
MGT/521 Quality Management and Productivity
Instructor: Harold Ricardo

Overrated and expensive are two adjectives that may be heard when one asks for a peers opinion in regard to them earning their master of business administration (MBA) degree. To some earning an MBA is the popular route to take when enrolling in a graduate program. Is it bad because the program is a common choice among many Americans seeking higher education? Is it foolish to pay $70,000.00 to go back to school when they are already $50,000.00 in debt with prior school loans from their undergraduate degree? This paper argues the benefit of earning an MBA and why it should be looked at more as an investment than debt.

    The United States Department of Labor (2009) website uncovered that “as of December 2009, 15.3 million Americans were unemployed. This is compared to the 7.7 million Americans that were unemployed in 2007." This downward trend results in an increased amount of the United States population looking for jobs. Millions of Americans have been left scrambling to find work to support there families, pay bills, and put food on the table. Who will have the best chance of recovering or being the least affected? The answer is the individuals who earned their college degrees. Even more profitable are individuals who earned their masters degree. According to About.Com (2010), “84 percent of American adults age 25 and over had at least completed high school and 26 percent continued to earn a bachelor's degree or higher” (Lifetime Earnings Soar with Education, para. 6).   The job market has become saturated with the unemployed. Employers are trending more toward hiring based on education than work experience. The majority of Americans who only hold a high school diploma are at a serious disadvantage when applying for jobs. The more education one has the more marketable they are to a potential employer.
    The cost of...