Promotions in your organization are going to people with advanced degrees.
Some companies consider an MBA a prerequisite for advancement. Either they’ve had a better track record of success moving MBAs into management positions, or there’s a perception MBAs will perform better. Either way, there may be a bias toward MBAs that you won’t be able to crack, even if your qualifications are stellar for the job you want to move into.
Your managerial skills have hit a ceiling.
Be honest with yourself. Are there specific gaps in your knowledge base or skillset that are preventing you from taking on more responsibility and being a better leader or manager? There are a variety of ways you might close those gaps, but often an MBA can help by providing you with a holistic set of skills and perspectives that broaden your abilities.
Your current job isn’t going to train you for the one you want.
Is it clear the company or organization you’re working for has invested in you about as much as it’s going to? If they’re happy with the role you’re playing, and you’re not. If you want to move up or onto another opportunity, you may need to take on the responsibility of investing in yourself.
You want to start you own gig.
If you’re tired of working for someone and want to strike out on your own, you may not need an MBA. However, the skills you learn in an MBA program, especially one that’s focused on entrepreneurialism, can be tremendously helpful. An entrepreneurial-rooted MBA can help you with the kinds of knowledge and insight you’ll need to juggle all of the tasks that someone starting or running his or her own business has to manage.
You want to broaden your network with other leaders.
If you feel your exposure to other leaders is limited and may be hampering your development or career opportunities, an MBA could help. One of the ancillary benefits of an MBA program is the people you meet. Your classmates could turn out to be a great resource for learning and inspiration. They may even become conduits for job or partnership opportunities.
Your company has tuition reimbursement for continuing education.
If your company will pay even a portion of your MBA tuition costs, it’s clear you’re working in a culture that values developing talent, and you may want to take advantage of it. It’s almost like a 401K plan for your education if your employer kicks in some of the cost of your advanced degree. It also signals to them that you’re serious about taking on more responsibility and becoming a bigger contributor to the company’s success.