MBA Degrees Likely To Be More And More In Demand
December 30, 2008
By the My MBA Career Content Team – Find Top MBA Degree Programs
A look at certain federal job projections in the coming years illustrates the usefulness of studying for an MBA degree.
The Bureau of Labor Statistics has projected that demand for personal financial advisors will grow a whopping 41 percent between now and 2016, while demand for investment bankers and other financial sales professionals should grow by about 25 percent.
In the short term, the recession has wiped out thousands of these jobs nationwide, but many analysts are expecting to see early signs of an economic recovery in as little as six months. Much of the job growth in the previously mentioned areas will be tied to the pending retirement of the baby boom generation and the handling of their retirement accounts.
An MBA is also desirable when considering that even in light of eventual increased demand for financial professionals, the BLS points out that competition will still be fierce in many areas of this industry. Part of this is due to the fact that in the short term, thousands of experienced financial professionals have been laid off and are looking for new jobs.
Moving ahead, the attractive salaries that tend to be offered in positions like this are more of a factor driving the competition. If you've thought about working towards an MBA, there's no time like the present to examine your options, ranging from online courses to traditional classroom settings.
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Related Article Topics: Finance
