The MBA program has been in existence for more than a century now. Over time this course has helped to catapult aspirants’ careers and job prospects to unprecedented heights. ‘Why do you need an MBA?’ is a very pertinent question in today’s context, considering that students wanting to do business studies still rate it as one of the best courses that they can end up doing. Commonly, it is believed that the foremost reason is that an MBA graduate will end up with a bigger pay-check after the degree, which is true after all. Nevertheless, there are other valid reasons for the course’s popularity. Let us examine some of the most important ones.
#1: The salary potential is high
There is indeed a notable difference in the salaries paid to MBAs when compared to those with other degrees. In fact, most statistics point to the fact that MBAs salaries are almost double of the salaries paid to regular graduates.
#2: Career opportunities are diverse
A 2-year MBA program covers diverse subjects such as Statistics, Marketing, Human Resources, Information Systems, Finance, Economics, etc., among others. The course is designed to develop the minds in any of these subjects. This provides an opportunity for the candidate to pursue a career of his/her choice in the future.
#3: Develop expert managerial skills
Whereas some of the MBA courses insist on prior work experience for the candidates, some others do not. Either way, an MBA course is structured in such a manner that e new student or an experienced employee can derive immense benefits in terms of developing the best managerial skills. Managing manufacturing systems and marketing networks, managing a company’s finances, managing the company’s workforce and keep them motivated, manage crises that the company and business encounter, etc., are some of the skills that an MBA student can learn during the course. The degree course is designed to get the candidates work out of their comfort zones and learn the latest management techniques in the market.
#4: A business network for the asking
An MBA degree course provides immense opportunities for networking. There will be many occasions when students get to network with a crowd (comprising of industry experts, professors, and colleagues) that helps to accentuate business capabilities and management expertise. Studying in a reputed institution will get chances to rub shoulders with industry experts through internships and other programs. Furthermore, the students will have ready access to an extensive alumni network, which many a time is likely to have international branches.
#5: Personal growth is a given
A candidate that completes an MBA degree transforms into a completely new person. The outlook on life and the business world take on a whole new meaning with professionalism and communication skills brought to the fore.
#6: Credibility shoots up
A candidate armed with an MBA degree has more credibility in the marketplace when compared to other graduates. Any individual that conducts business with an MBA graduate believes that they are dealing with a business expert that is highly competent and aware of the happenings of the business world. Moreover, each MBA graduate is a specialist in his own field of work, be it marketing, finance, management, etc. The maximum advantage of this credibility is seen when MBA graduates decide to start a business of their own.
#7: Flexibility for those that need it
With many institutions offering part-time MBA courses, it is now possible for those that are employed to make the best use of their time and acquire this degree. Classes are held in the evenings and on the weekends and this flexibility works as an advantage to the hard-working and the ambitious ones that want an MBA degree badly enough.
#8: Worldwide recognition
Studying in a top quality business school gets the candidate a degree that is acknowledged in any part of the world. This degree can also be used as the first step for branching into other careers as an MBA degree is designed to be highly compatible with many other prestigious degree programs.
As seen from all of the above, an MBA degree from a reputed business school gives you an edge over others in the marketplace and also gives you a chance to pursue your career goals and dreams in life.