Earning an MBA puts you in close contact with various people from around the world who have different work experiences and perspectives on the global economy. In addition to learning from professors, MBA students can expand their knowledge of other industries too.

Effective communication is a fundamental skill required for professionals to succeed. While communication may be considered a “soft skill” compared to “hard skills” such as constructing a P&L model, it’s no less valuable. An MBA can help hone verbal and written communication skills, allowing you to successfully convey concepts to different people at different levels of an organization to ensure everyone is able to work together toward a common goal.

Earning an MBA makes you part of a global network and giving you access to respected and intelligent professionals you may not have otherwise had a chance to connect with.

In a highly-competitive job market, an advanced degree can help set an applicant apart from their peers. From energy to consumer products to start-ups, an MBA can be an asset in any industry. Employers typically look to hire or promote a candidate with an MBA because they have skills in marketing and finance that others within the organization may lack.

Earning an MBA requires juggling extracurricular alongside a challenging course load — not to mention other personal and professional pursuits. Getting an MBA can help you manage your time effectively, which is not only an in-demand skill among employers, but a valuable life skill, as well.