Fashionistas benefit from MBAs as well

Fashionistas benefit from MBAs as well

Media have reported dentists are getting their MBA degrees to help them run their practices more efficiently, but it turns out fashion designers can also benefit from business education.

Ruthie Davis, a New York designer, credits her MBA degree with her success in the fashion industry where she held top creative jobs with brands such as Reebok and Tommy Hilfiger, according to WWD.com, a fashion, beauty and retail news source.

She also launched her own collection in 2006 and is known for her stiletto shoes with signature hardware embellishments.

"You have to be very creative, [and not] just when you're sketching a shoe," Davis told the website.

"You can only do really cool things if you have a sound business foundation," she added.

Both fashion designers and MBA holders can expect bright career prospects. According to PayScale.com, average salaries for holders of MBA degrees ranged from $73,510 to $171,583 in 2008.

Meanwhile, the Bureau of Labor Statistics suggests demand for fashion designers will grow by 5 percent until at least 2016, so those who have always dreamed about this type of career may consider enrolling in a bachelors program in fashion design. The most successful individuals in that field are making millions of dollars a year.