Education is valuable. It can help people learn new skills and advance their careers, and with the increasing abundance of online courses, it’s never been easier for executive hopefuls to achieve their goals.
Up to the year 2000, nothing led to career success faster than earning an MBA. Today, a strong educational background is still a relatively good indicator of success. However, the job landscape has evolved.
In the 50’s, workers who earned a high school diploma were sure to land a middle-class job with enough pay to maintain a decent quality of life. Today, however, a high school diploma is the minimum requirement for almost any job and unlikely to help someone secure gainful employment with middle-class pay. On the opposite end of the education spectrum, for those who want to excel to the top of the corporate ladder, an MBA degree is all but essential.
The Power of Education
There’s an increasing wage disparity between high and low percentile wage earners. In fact, report analysts, the wage gap for low-wage earners who’ve acquired only a GED is higher than ever before. Furthermore, express experts, there’s no indication that this trend will wane.
Part of the problem is that on-the-job training is at an all-time low. Some career specialists hypothesize that this may be because today’s in-demand skills are better learned in an academic environment.
Other experts note that companies are seeking ways to cut cost and increase profits. As a result, they opt for a more cost-effective method of building a skilled workforce, which includes cutting back on in-house training and hiring job candidates who are already trained.
For experienced professionals with many responsibilities, putting their career on hold to pursue higher education is out of the question. Fortunately, a growing number of employers recognize online learning programs as a reputable way to earn a degree.
Today, recruiters are more concerned about the reputation of the school that potential job candidates have attended, rather than how they’ve earned their degree. This is outstanding news for working professionals who want to advance their career or start on a new career path.
Now, the novelty of online learning has passed. More employers view online learning as an appropriate resource for learning essential, in-demand job skills.
Today, recruiters have renewed their focus on the quality of candidates’ education. Thanks to the power of the Internet, a promising new future is available to nearly anyone with the conviction to change their life for the better.
The following 5 sections take a closer look at why an online MBA is well worth pursuing.
Reason 1: Education Shows Growth, Dedication and Commitment
In the modern job marketplace, more education typically equals a higher salary, as does higher demand, which typically goes along with an increase in technical knowledge. The bottom line is that education helps.
Relatively recently, remarkable technologies have emerged on the business landscape. Education continues to be the key to landing a prosperous career working with these technologies. In fact, the demand for technological skill sets is a driver of the economic value of contemporary education; along with higher skill sets comes higher salaries.
Reason 2: Technology Is Making Higher Education Possible
Currently, over 30 million primary and secondary school students use Google Education apps such as Google Docs and Gmail. Instructors use this kind of technology for tasks such as checking learners’ online progress and uploading materials that students can access from the convenience of their homes.
For working professionals, continuing education helps people stay up to date with the latest trends and changes. In fact, experts forecast that the education technology (ed-tech) market will reach $93.76 billion by the year 2020.
Reason 3: Leadership Skills Are Necessary for Business Success
Anyone can acquire a job and wear a title. However, it takes true skill and talent to be able to lead and manage well. Many executive hopefuls pursue higher education because they want to develop better leadership skills and take on more professional responsibility. MBA programs give these individuals the resources and education they need to work toward taking the reins of leadership at a firm or even starting their own enterprises. An MBA degree can also help women executives close the workplace gender disparity gap.
Reason 4: Employers Are Impressed With Higher Education
In today’s job market, most hiring managers view job candidates who’ve earned their degree online as equal to competitors who’ve earned their skills in a classroom. This makes sense, as many of today’s online MBA programs are equivalent to in-class training.
Most of today’s employers no longer bother to ask whether executive hopefuls earned their MBA degree online or in the classroom. On the rare occasion that a recruiter does ask an executive candidate about their online training, they may want to know why the potential executive chose online learning as well as information about the reputation of the institution that they attended. More and more, employees are growing accustomed to job candidates who’ve earned their credentials in digital classrooms.
Reason 5: Knowledge and Skills Set You Apart
Education allows people to broaden their minds by studying new topics. Developing new skills heightens one’s intelligence and strengthens their skill set.
The prospect of entering business school may be intimidating for some. Nevertheless, earning an MBA degree is an invaluable asset for career growth and a credential that most definitely helps job applicants stand out from other executive hopefuls. Furthermore, the skills and knowledge that learners acquire in B-school help them to make a powerful impact.
Moving Forward: The Future of Education
During the 19th to mid-20th centuries, the working class witnessed the growth of the labor movement and the rise of a unionized nation. These eras marked a time ruled by manufacturing and production industries.
As society later entered the 21st century, enterprises grew increasingly dependent on technology. As a result, the demand for skilled technology professionals spiked quickly. In fact, to this day, the tech worker pool suffers from a significant talent shortage, and today, earning a high school degree, finding a job and working your way to the top is now more challenging.
Due to the high demand for skilled professionals, the nation’s colleges and universities have adjusted their learning frameworks to supply talent for a continually evolving work environment. Also, it’s getting harder to extract value from a college or university degree. As a result, many students now rank salary potential as an important factor that influences their chosen learning path.
Today, talent shortages across many fields and industries are so marked that even some high schools host technical training that allows students to acquire at least entry-level positions in certain professions. This might include vocations such as healthcare, information technology or manufacturing.
Community colleges are also upping their game. Now, local colleges offer certificate programs to meet employers’ staffing demands. As time goes on and the workplace grows increasingly technically oriented and complex, the academic landscape will evolve even more.
For educators, this is an exciting time. Even the way that students earn their degrees is changing. Many professionals enter the workforce early – either due to desire or need – and pursue online training at a later date to advance their careers. In fact, this is becoming the norm in American society.
In the future, educators will face a significant challenge in empowering grade school students with the skills needed to earn a living wage as entry-level workers as well as career employees. Due to the changing economic landscape, tomorrow’s learners may very well need enhanced training, and existing workers may need retraining after being replaced by technological innovations. However, the central role of the American education system will always be to help learners succeed in life.
Learn more about the future of education from this infographic created by American University’s School of Education program.