We seem to be living in an era where everyone – from fresh graduates to those with some years of work experience – seems to want to earn an MBA degree! Often, people make this decision without really knowing how an MBA helps or how to get one.
Here are the Five Real Reasons to do MBA:
1. Career Progression
Typically, a professional begins his/her career with an operational role. Being fairly smart, hardworking and result-oriented, you get promotions and reach a decent position in the management. Actually, not just any MBA degree but an MBA degree from a premier business school. An MBA from a top B-School will help you make a quick transition from a mid-level role to a senior management position, where you will have the opportunity to take strategic decisions.
2. Start your own company from scratch
Many students choose an MBA because they want to become entrepreneurs and learn how to run a successful business. They have an idea and a big dream and want to know how to turn them into reality. An MBA programme will help you acquire the knowledge and business practices that are needed to start a new business or help an existing business grow and develop. Many MBA graduates end up starting their own business and those who don’t initially land middle-level or top-level management positions within big companies. Just imagine how becoming your own boss would feel like. If you browse through the job descriptions of senior positions across industries, you can see that MBA is the preferred degree, though perhaps not mandatory. Consulting is one profession where an MBA is mandatory to grow to an Associate or higher level.
3. Personal Development
An MBA graduate almost becomes a new person after their degree program is complete. With a new outlook on life and the business world the different areas taught in an MBA program, will develop the student’s survival skills and professionalism, enabling them to develop into exceptional communicators and advisers. Without a doubt studying a Masters in Business Administration will alter your whole perception of life and adjust your mind for the better.
The global trend stands testament to the fact that the average salary of an MBA graduate is considerably higher than an employee with a regular master qualification. The average salary of MBA graduates ranges from US$70,000 in government and non-profit institutions to US$120,000 in consultancy, finance and healthcare. These figures are almost twice as much as what someone with a regular university degree expects to earn. It is important to point out here that you will see great returns on investment and will cover the investment you made in your MBA education in 2-3 years.
5. Develop priceless managerial skills
An MBA education is usually pursued by young professionals with a minimum of two years of work experience and even by senior employees, that feel up to the challenge. After some time in the professional life, it is in the human nature to conform to a certain repetitiveness and to avoid taking risks. Studying a Master of Business Administration forces you to get out of your comfort zone, deal with the latest issues in international business, apply the newest management techniques, and constantly challenge yourself.
If you think these are correct reason to do MBA then hit the like button and tell us about other reasons to get MBA.
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