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Online MBA Provides Transition Degree for Military Vets


If you are a military veteran transitioning to civilian life, you may wonder: How will my military skills translate to a new career? Military experience equips veterans with valuable skills for high-level civilian careers, from leadership and team building to problem-solving and performing under pressure.

Which career is right for you? Is working in a business that lets you travel the globe appealing? Are you right at home in the rapidly changing world of technology? Do you want to start your own company? Earning a Master of Business Administration (MBA) can open the door to opportunities like these and more.

The University of Cincinnati (UC), for example, offers a fully online MBA that is accredited by the Association to Advance Collegiate Schools of Business (AACSB), the gold standard in business school accreditation. UC is also designated a Military Friendly School. UC's multiple start dates and seven-week terms enable students to earn an MBA in just 12 months. 

Is an Online MBA for You?

If putting your life on hold for an MBA is not what you had in mind, an online program can be an ideal choice.

  • An online learning environment makes it possible for students to juggle other responsibilities such as family and work.
  • Students may be able to choose when they schedule certain courses to coincide with a professional focus or need at work.
  • An online MBA can save money by eliminating relocation costs for a brick-and-mortar school.

Military benefits can help reduce the cost of an MBA. Additionally, UC's participation in the Yellow Ribbon Program helps veterans meet expenses that exceed the GI Bill entitlement.

What Can You Expect from an MBA Program?

An MBA can prepare graduates to advance in high-growth careers. The UC MBA, for example, combines academics with real-life business experience. Students gain the following skills and knowledge: 

  • Core business skills (including in accounting, economics, finance, information systems and marketing).
  • Knowledge and skills for management in a global business context.
  • Enhanced understanding in high-demand areas (health care, taxation, marketing).
  • Effective individual and organizational leadership skills.
  • Tools for strategy development and implementation.
  • An understanding of ethical and legal issues in domestic and global businesses.

Coming from a non-business background? Foundational courses bridge the gap.

What Is the MBA Job Outlook?

MBA graduates enjoy a favorable job outlook, with the U.S. Bureau of Labor Statistics (BLS) reporting higher than average wages for business occupations. Wondering where the highest salaries are found? Look at careers in securities, commodities and financial services.

For example, financial services sales agents with a bachelor's degree earned a median wage of $90,000. Those with a master's had a salary bump of 89 percent for a median wage of $170,000. And there is more good news for those interested in earning an MBA:

  • According to the BLS, projected growth rate for business occupations is above average for 2014–2024.
  • The Graduate Management Admission Council reported that 79 percent of employers expect to hire MBA graduates in 2017.
  • The BLS also reports that even when a master's degree is not required, having one can help workers land more senior-level positions and higher salaries.

MBA job prospects are clearly trending upward. Whether to advance a career or to fulfill personal goals, earning an MBA can give military veterans an edge in the civilian workforce. This degree can also lead to higher earnings. With an online program such as UC's MBA, it is possible to earn the degree without sacrificing personal and professional obligations.

Learn more about the University of Cincinnati online MBA program.


Sources:

Association to Advance Collegiate Schools of Business (AACSB)

Military Friendly: Military Friendly Schools

U.S. Department of Veterans Affairs: Education and Training

U.S. Bureau of Labor Statistics: Should I Get a Master's Degree?

U.S. Bureau of Labor Statistics: Market Research Analysts

GMAC: 2016 Year-End Employer Poll Report


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