Last week’s post addressed a few of the many ways that TMMBA students and alumni calculate the return on investment for their MBA experience. The discussion today centers around three additional consideration points- salary growth, career progression, and the lifelong resources of the TMMBA program.
Compensation increase is often the focus of ROI conversations given that it’s easily quantified. While sole emphasis should not be placed on an MBA’s monetary value, it is still an important piece to the ROI puzzle.
TMMBA graduates continue to see considerable return for their initial investments. As knowledge and skills grow from an MBA program, pay raises often follow as employers see the benefits of the education. In fact, in a survey of TMMBA alumni two years post-graduation, 95% of respondents reported an increase in salary – with an average increase of over 20%.
Oftentimes, career growth goes hand-in-hand with salary increases. Whether students are looking for promotions, functional changes, or to start their own companies, TMMBA helps to advance the timeline for these goals.
“When I think of the next levels I wanted to achieve in my career, TMMBA significantly accelerated my ability to achieve those milestones. In the classroom, I learned concepts that could take years to grasp on-the-job,” remarks alumnus Jeremy Hutton (TMMBA ’13).
With a relevant business curriculum incorporating technology, innovation, and professional development, TMMBA students find that their MBA is a competitive advantage in the market. For those looking to move up, an MBA opens to door to greater responsibility and management roles. Some TMMBA students are hoping to change functions or industries – and upon graduation are more qualified to pursue outside opportunities. Entrepreneurs can also improve future success when equipped with knowledge and resources from the program.
Speaking of resources, it’s important to note that the benefits of the TMMBA program don’t end upon graduation. TMMBA alumni still have access to workshops, guest speakers, networking events, career coaching – even classes. Whether it’s a new course that’s been added or a subject that needs refreshing, many alums take advantage of class audits and lifetime learning.
TMMBA Career Services adds notable value for both students and alumni. From resume workshops and panel discussions to 1:1 coaching and Career Mixers, there are plenty of ways to leverage TMMBA career resources.
Given these potential value propositions of an MBA, it’s still up to students to leverage their education and capitalize on growth. As Jeremy can attest, “It’s never going to be less expensive to get an MBA than today. The return starts immediately – as soon as you learn the concepts in class and start applying them. Take advantage of the opportunity.”