A nonprofit organization dedicates any money it makes to expanding, meeting its establishment’s goals, or helping other people or groups rather than using the money as profit or paying it out as dividends. Most consist of paid employees and a management team, but many also employ unpaid workers and volunteers. While many students’ business career goals include making a high salary, there are many benefits to working for lower or no pay for a nonprofit organization. Here are some of the top reasons to graduate from one of the best business schools and going on to hold a position in the business sector of a nonprofit:
Learn how to budget your money – Because salaries offered by nonprofit organizations are typically lower than those associated with other positions in business, you’ll become very aware of your finances. You’ll learn to budget well and spend responsibly, which will help you even if you do go on to pursue a different career with a higher salary.
Learn what hard work really is – Nonprofit organizations cannot always afford the same extensive resources many business can, which means they rely heavily on the work of employees and volunteers to complete the tasks at hand. You’ll learn what it means to work hard in order to achieve your goals and the goals of the organization.
Expand your skill set – Not only will you likely be working long hours, but you also find that you’ll take on a variety of responsibilities within the organization. This could provide you with skills valuable to running many aspects of a business to reinforce your education from one of the best business programs.
Meet passionate people – Many of the people you’ll work with at a nonprofit organization will be very dedicated to the organization. Their drive and passion for the cause may help foster your own and will help create a great working environment. Being surrounded by hard-working and dedicated coworkers can help make any job better.
Do what you love – Not only will the people around you be passionate about what the nonprofit is working towards, but you’ll likely choose to work for an organization that you’re passionate about. Working for a nonprofit gives you the chance to do something you love, which will in turn make you enjoy your job. It will also make you more motivated to make positive changes in the lives of those that the organization is dedicated to helping. If one of your goals of attending a good business school is to help a business help others, then working for a nonprofit organization might be for you.