TOP 9 REASONS WHY YOU SHOULD DO AN MBA DEGREE

In today's world, there are a lot of different careers you can choose from with no dearth of well-educated people competing for those limited seats. With abundant career choices, finding the postgraduate program that is the right fit for you can be a challenge. However, if it is business and management careers that you want to get into, then an MBA program will provide you with the required knowledge, skills, and ethics to fit right into the business community.

 

Whether you work in manufacturing, technology, marketing, finance, or management, getting an MBA degree will open new career opportunities and roles with greater responsibilities and increased financial compensations. An MBA will also help you to improve vital professional skills such as communication and leadership.

In this post, we will be looking at nine key reasons how an MBA can help boost your career:

 

1. Better Salaries

One of the major benefits of an MBA Degree is job security and high salaries. Post MBA employment reports have shown that an average MBA graduate's income is 50% higher than a graduate with a regular university degree. Even more impressive is that their average salaries five years post completing their MBA degree is 80% higher than pre-MBA salaries. This means that most students manage to recover the cost of their MBA within three years of completing their degree.

 

2. Change Careers

 

An MBA program is a great way to prepare for shifting verticals or changing careers as it covers several areas including Human resources, Statistics, technology, Economics, and Finance. Thus, providing you with abilities and tools to adapt to change of industries, the marketplace, and the way people do business.

Using the skills, you developed you can make use of changes in the industry to quickly find a new direction and take advantage of business opportunities where others simply try to survive in this harsh environment. Gaining new skills could easily be the catalyst you need to kick-start your transition from one career to another.

Even if your background is not typical for the positions you are considering, an MBA will provide you with adequate education and skills to help you become a more qualified candidate.

 

3. Expand Your Network

While studying your MBA program you would meet a diverse set of people including recruiters, keynote speakers, old-school businessmen, new entrepreneurs, the list is almost endless. And then you have your fellow students that are also ambitious in the business world.

An MBA program paves the way for you to interact with future business managers and executives. When the course is finished, these people could be ideal business partners or even provide exceptional recommendations on your behalf. Customarily, those enrolled in an MBA program are often sent out as interns.

This provides MBA students with yet another way to meet potential employers. The consolidated network of people you will meet while studying your MBA program is sure to prove beneficial in the future.

 

4. Compensate for Inexperience

Quite a few people under 30 have advanced very rapidly in their careers, only to find themselves stalling out. Maybe you rose too far too fast. If the upper management at your current company is having second thoughts about promoting you any further until you have aged, then earning an MBA is a great way to assuage their fear.

 

It shows that you are not one to rest on your laurels. You are willing to do what it takes to keep growing and developing yourself. Having business experience can help put your coursework in context and sharpen your focus on what you want to get out of your MBA program.

 

5. Expands Your Horizons.

 

An MBA broadens your enterprise knowledge and helps you understand the nuances of operating in a global marketplace. Many of today’s best programs include an overseas immersion trip so that graduate students have a first-hand look at how to manage a business in a global arena. This will broaden your cultural horizon and your international business career prospects. You can find companies that you want to work for and arrange meetings with potential employers.

 

6. Flexible Skills

 

MBA classes will help you develop the skills necessary to keep a company successful. The curriculum of each Master of Business Administration degree can be different hover the core subjects remain the same. Studying an MBA degree forces you to get out of the comfort zone. You will explore the latest International Business trends, apply the newest management tools and techniques, and challenge yourself to improve your business, teams, and collaboration.

7.Specializations

 

Because of the applications and skill set required, most universities and business schools have developed a wide range of MBA programs, specializing in different facets of the business world such as General Management, Finance, Marketing, and Operations to name a few.

 

8. Start Your Own Company

 

With a master’s in business administration, many students become young entrepreneurs. By enrolling in an MBA program, you can acquire the requisite knowledge and skills needed to develop and operate your own businesses. In an MBA program, you will be taught business management, planning, and even financial handling. These skills will put you in the perfect position to manage your own business effectively while contributing to the economic development of your country.

 

9. Flexibility of Program

 

For those executives who are currently employed and want to keep their jobs while pursuing their master’s program, an MBA program offers this kind of flexibility. A lot of the MBA programs are offered as a part-time weekend course along with the full-time study option and this option means that the students can work at a pace that is ideal for them, without feeling hassled or stressed. There is usually the option to attend classes in the evenings and even occasionally on weekends to fit your studies in with the rest of your life.

 

Even if you are enjoying success in your current career, you may still benefit from completing an MBA program. Obtaining an MBA will open a diverse array of new opportunities, enabling you to seek a promotion, change careers, or satisfy your entrepreneurial ambitions.

Author Bio: 

Abhyank Srinet is a passionate digital entrepreneur who holds a Masters in Management degree from ESCP Europe. He started his first company while he was still studying at ESCP, and managed to scale it up by 400% in just 2 years. 

Being a B-School Alumni, he recognized the need for a one-stop solution for B-School to get in touch with schools and get their application queries resolved. This prompted him to create MiM-Essay, one-of-a-kind portal with cutting edge profile evaluation and school selection algorithms, along with several avenues to stay informed about the latest B-School Updates.