In today’s society there is a massive choice of career fields to choose from, and an abundance of well educated people to compete with for those careers! With so many career choices, finding the right postgraduate educational program to enrol in can be a challenge – but if it’s business that you want to go into then it’s a good idea to enrol in a program that will provide you with the requisite knowledge, skills and ethics to fit right into the business community – and an MBA program is the perfect choice. Despite the fact that an MBA can be an expensive choice there are plenty of advantages for choosing an MBA program as it is a richly rewarding undertaking with great career potential.
In this article we are going to take a look at the top 10 reasons why you should study a Masters of Business Administration.
- High salary potential
If you do some research into salaries paid out to an individual with an MBA versus salaries of those with other degrees you will see that there is a significant difference. In comparison to other employees within any establishment, an MBA graduate is usually better and more heavily compensated. Whether an MBA graduate is employed within the private or public sector, their salaries range from £70,000 to £120,000 on average. This doubles the amount paid to those with an ‘ordinary’ university degree.
- Be your own boss
With a Master of Business Administration, many graduates become young entrepreneurs. By enrolling in an MBA program, you can acquire the requisite knowledge and practices needed to potentially develop and operate your own businesses. With an MBA degree program, you’ll 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.
- Better career opportunities
An MBA program provides a more diverse and wider field for graduates to expand in. There are several core areas covered within an MBA, including Human Resource, Statistics, Technology and Information Systems, Economics, and Finance. All these areas qualify an MBA graduate to pursue a career in multiple areas and business sectors as well as the public sector. With the different core areas penetrated, MBA graduates are provided with more and better opportunities to expend themselves and develop their minds.
- Ideal for networking
Business school provides a great base for MBA graduates to meet people. The sort of people you can meet while studying your MBA program includes 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 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.
For those who are currently employed and would like to keep their jobs while gaining their masters program, an MBA can offer this kind of flexibility. Most MBAs are offered as an online or part-time course as well as full time, and by choosing one of these options, particularly the online one, means that students can work at a pace that is ideal for them, without feeling hassled or stressed. Whatever way you choose to study your MBA 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.
For those who are hoping to move away from being secularly employed within an organisation and working for others, and instead want to challenge of working for themselves, an MBA can offer credibility as well as a great new skillset. Other companies and individuals conducting business with an MBA graduate will be more relaxed about the expertise and more inclined to trust them, in comparison to working with someone without an MBA. An MBA ultimately demonstrates that you have are an expert in your field, showing potential partners that you are highly competent and dedicated to your industry. In addition, an MBA shows mastery over a particular area or sector such as finance, management, business consultation etc.
- Worldwide recognition of its credentials
After completing an MBA degree, a graduate is certified in all known core areas or at least some major managerial roles within an establishment. This degree is one that is highly recognisable throughout the world. It can be used to pursue other career fields since it is highly compatible with other degree programs.
- Enhances knowledge
Many MBA graduates have found that this postgraduate degree has thoroughly enlightened them on certain aspects of life, especially concerning operations within the business world. While those without an MBA could potentially ponder endlessly and wonder how and why a particular business decision is made, an MBA graduate is able to relate, because they would have been taught beforehand. With an MBA, graduates acquire an in-depth view of the business world.
- Develops communication skills
As part of an MBA program, enrollers are taught how to speak clearly and distinctively. They are taught the art of language, how to add meaning to their words, how to develop effective and exceptional presentations, and overall, how to interact with others in and out of the classroom setting. These communication skills are invaluable in the business world.
- Personal development
An MBA graduate almost becomes a new person after their degree program is complete. With a new outlook on life as well as great new understanding of the business world relating to the different areas taught in an MBA program, an MBA graduate will have new-found 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.