At embiei, our aim is to increase the number of Puerto Rican business leaders. To do this, we aim to increase the number of Puerto Rican MBAs. So why should you consider an MBA?
Well, we can think of a few reasons:
- It makes financial sense. Median starting salaries are around $120,000/year.
- It exposes you to an incredible network of people who will likely become business leaders in the near future (it's about who you know, not what you know, right?)
- It serves as a platform to potentially switch careers. Over 80% of MBA students are considered career-switchers. If you're not happy with your current industry/function, an MBA might be the right next step for you!
Depending on where you are in your career, there are different types of MBA that might make more sense for you. Typically, students enroll in one of these types of programs:
- 2-year full-time MBA program
- 1-year full-time MBA program (not offered by all schools)
- Part-time MBA program (typically 3 years, during evenings and/or weekends)
- Executive MBA program
- International MBA program
What program you decide to go for depends on:
- where you are in your career
- whether you want to switch industries, functions, or both
- what your financial situation looks like
- what the school you're targeting offers
- where you live vs where the school you're targeting is
- among other factors
For example, if you’re 4 to 6 years out of undergrad and are looking to switch industry and function, a two-year full-time MBA probably makes more sense, as it’ll give you the opportunity to intern in your desired industry/function for a summer before graduating.
Okay, so this MBA sounds great, what’s the catch? Well, the MBA is an investment. Top MBA programs in the US can cost anywhere from $60,000 - $70,000 a year. That’s pricy, right? We know! However, there are a number of scholarships and financial aid options available for Hispanic American students. For more information about available resources, check out this page.
An MBA is a huge financial and time commitment, but we believe it’s worth it! For more information about the MBA degree, please check out this page. For more information about choosing the right program for you, check out this page.