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MBA degree for single parents: tips for going back to school

Many advantages exist when you hold a MBA degree, helping to open many doors and providing more opportunities for the single parent.

Many adults, including single parents, are returning to school to change careers or to advance in their current careers. If you want more job opportunities, you might decide to pursue a MBA degree. The master's in business administration is an advanced degree for those who want to work as a manager in various industries.

With an online MBA degree, you can choose from many different majors. You can focus on marketing, finance, management, entrepreneurship, accounting, public policy, health care management, real estate and many other concentrations. With a MBA degree, you can work for others or start your own business. You can also attend school part time or full time. Though part-time study gives you time for your job, family and personal interests, it also takes longer for you to complete your degree. 

As a single parent who wants to go back to school, you may face many challenges. You might hold a full-time job and need to work on your studies while also taking care of your children. MBA distance learning programs are a good way to get a degree on your own schedule. You can take most, if not all, of your MBA courses online. Getting a distance learning MBA gives you more control over your time. You can study in the early morning before your children awaken, at night once your children are in bed or on the weekends.

However, if you prefer to attend classes on campus for the experience and networking opportunities, many colleges now offer help to accommodate students who are also single parents. The MBA degree for single parents provides unique resources to help parents meet all their obligations with a minimum of stress. Depending on the college you attend, workshops designed to help single parents cope with school, work, and family might be available.

Childcare is an important issue for single parents returning to school, so many colleges provide childcare services. If paying your tuition is a concern, you might look into special financial aid programs just for single parent getting a degree. If you're looking at traditional MBA programs on campus, you might want to look for colleges that offer support for parents.

Many advantages exist when you hold a MBA degree, helping to open many doors and providing more opportunities for the single parent. The Bureau of Labor Statistics reports that those with a master's degree earn more money during their lifetimes than those with a bachelor's degree. Also, the unemployment rate is lower if you hold a Master's degree. According to Business Week, the outlook for MBA grads is good. Getting a MBA degree is one way to have a more rewarding career while also providing for your children.

Photo credit: Faisal AlKhudairy via Compfight CC