Individuals who have a background in business and would like to advance their education can benefit from enrolling in masters degree programs. By pursuing this opportunity, they can learn skills that can qualify them from promotions and salary raises.
In an effort to increase enrollment in its Executive MBA program, the University of Illinois College of Business has partnered with the Illinois Bankers Association (IBA) to launch a new scholarship program for individuals who pursue this degree. A total of 6 scholarships worth $20,000 each will be awarded to eligible IBA members' employees who plan to enroll in the program over the next three years.
Students who are accepted into this program will take courses that include executive leadership, financial accounting, country-level economics, marketing management and business strategy, according to the school's website.
David Ikenberry, associate dean of executive programs at the school, stated that this financial aid opportunity will "sharpen the tools a banker often relies on: finance, economics and investments." He added that "complemented with the program's focus on leadership, bankers are far better prepared to enable real strategic change."
In 2008, the average salaries for MBA degree holders ranged from $73,510 to $171,5838, depending on the field, position and years of experience, according to PayScale.com, a research company.
