Every year, business schools introduce more Master of Business Administration (MBA) programs with sales components, and for good reason: Companies need that expertise. The sales team is integral to every company, but the work is demanding and has led to high turnover rates and a constant need for new educated workers.
Adapting to changing needs
Robust internship opportunities and wide-scale collaboration between MBA programs and corporate America have created a wealth of opportunities for MBA graduates with an interest in sales. By one estimate, nearly 90 percent of sales graduates have a job offer by the time they leave school; some schools tout a 100 percent placement rate. Furthermore, the changing nature of new business, from fledgling startups to fast-growing Internet companies, has made sales teams a go-to source to fill management positions — making the sales pathway an attractive one to follow.
Leaders pave the way
Consider the daily responsibilities of company executives and how a large portion of their job revolves around sales in addition to business administration. Much of what they do, from planning new products to projecting growth and identifying new markets, relies on combining sales experience with business knowledge. John Chambers, CEO of Cisco, joined the company’s sales department during its startup phase after receiving his MBA. Chambers was able to track his team’s milestones and share results, overseeing the company’s growth from annual revenues of $70 million to more than $40 billion. Sales professionals of all levels produce quantitative results every day, but their potential growth within the organization depends largely on the company needs and salesmanship skills to meet those needs. Obtaining an MBA is a great way for sales professionals to acquire more skills and to better apply what they know.
A sea of options
Business school, however, can be expensive. Fortunately, there are ways to reduce the cost for those who believe that an MBA is right for their goals. Some schools have begun creating online MBA programs to offer the same curriculum to prospective students looking for flexibility. For full-time sales professionals, an online MBA program may be a great way to -get an advanced degree while still maintaining a career.
Despite the changing nature of business over the last several decades, the need for a powerful sales team has remained constant. But the intensity of the work has forced many to seek different career paths, and has prompted companies to find ways to create more permanent solutions. The result has been a greater number of business schools offering an MBA for sales professionals interested in following in the footsteps of others who moved up the corporate ladder.
Learn more about the Boise State online MBA program.
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