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| Top 7 reason why you should do an MBA Degree |
MBA is not just a degree or program, it has now turned into a brand of its own. Securing an MBA degree especially from a reputed B-school automatically adds a feather to your hat. MBA is one of the most sought-after and relevant programs out there considering the magnitude with which every little thing in our daily life has become a part of a business. If you are aiming to enter the business world then yes! You should definitely take up an MBA.
There are countless reasons as to why an MBA degree is the best option for you but to make it a little less complex for you, we have arranged 7 most accurate and convincing reasons behind why you should pursue an MBA degree.
1-Transition from one field to another:
There have been many instances where a student suddenly or gradually started leaning towards a different career path while having a bachelor’s degree in a totally different field. Thus if you want to transition and switch from finance to fashion or vice versa, then MBA is the solution for you. The best part about an MBA degree is that a student from any major be it arts, science or commerce can take admission in this program.
This is a generalized degree which provides you with an in-depth understanding of most of the verticals in the business world in the first year and an opportunity to customize your course curriculum to opt for a specialized course in your second year. This way you get to experience and understand the workings of business in general and specialized courses in particular.
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2-Start your own business:
If you want to venture into your own business or start-up then an MBA is a must for you since it will provide you with the most in-depth knowledge and strategies required to run a successful business. Practical knowledge is not the only criteria through which you can achieve your goals. Academic studies in the form of a formal degree such as an MBA is very crucial and important for a broader understanding of the nuances of the business.
Having said that, most B-schools admit students who have already got substantial experience in the professional field and who have already set their goal of taking the control in their own hands by leading or starting a business. Start your own business.
3-High Paying jobs:
It is a piece of common knowledge among many that most of the MBA graduates earn a lot more than employees with a regular master’s degree. This huge gap in the salary is because of the huge label attached to an MBA graduate wherein they are well equipped and learned in various domains of a business which makes them much more compatible, flexible and valuable to any business firm. The professional style of the academic curriculum helps you to develop and be market-ready even before you have completed the degree.
Many people avoid taking up an MBA degree just because of the huge monetary fee which is not completely false but one point that they missed is the huge career benefit in the form of high salaries and job positions which eventually more than compensates for the expensive education fee.
- Average salary of an MBA graduate in India is US$13,516 per year
- Average salary of an MBA graduate in USA is US$102,100 per year
- Average salary of an MBA graduate in UK is US$ 92,400 per year
- Average salary of an MBA graduate in Australia is US$ 98,400 per year
- Average salary of an MBA graduate in France is US$ 98,500 per
4-Provides Networking opportunities:
Throughout your MBA studies, you will get the opportunity to interact with not just your fellow students and faculty members but also with an extensive alumni network. These alumni networks are an integral part of an MBA program in any B-school around the world. Through these alumni networks and meetings, you gain insights about the current trends in business and different ideas and outlooks on the workings of a business.
Most of these alumni members are established entrepreneurs or senior executives who bring in a lot of great suggestions, advice and overall a constructive discussion on the business world which further illuminates and builds your knowledge. However, the most important part of these networking opportunities is that you are able to procure job opportunities.
5-Enhances various Soft skills:
After enrolling in an MBA program, the student is taught various skills to appear polished and groomed in the workspace and the society in general. Through various academic presentations, assignments, events, clubs and alumni networks, you are taught the art of language, how to present yourself, what business lingo they should use, how to communicate and put forth their ideas, how to lead a project and how to adapt to different environments and cultural backgrounds. An MBA degree does not just enhance your strengths and skills but it also aids in overcoming your weaknesses by making you acknowledge it and then pushes you to work over it till you are free from all shortcomings.
6-No age restrictions
To pursue an MBA, it is not necessary for you to be under a certain age bracket. As a matter of fact, business schools do not consider age as a significant factor in the admission of a potential candidate to an MBA or any other masters business program. For example, most of the incoming students at Harvard Business School fall under the average age of 27. The main reason for their leniency is their work experience requirement. Thus if you possess 5-8 years of professional experience then you are more likely to be considered for the MBA program along with other aspects of your profile.
7-Customized Curriculum:
One of the most unique and best parts of an MBA program is its flexible and personalized curriculum. Since MBA is a generalized degree, you will be taught most of the primary fields in a business field in the first year and the second year, you will be provided with a plethora of specialized courses and electives to choose from which will again aid in building9 your skills and knowledge in that particular field of specialization.
For example, in MIT Sloan and Stanford GSB a student pursuing MBA degree is provided with the option to study and specialize in an entrepreneurial course in their second year which is solely designed to cater students who are inclined towards entrepreneurship management and venture.
Conclusion:
All in all, an MBA degree is like a lifetime investment which would provide you with multiple gains and opportunities throughout your career. MBA degree might be a bit expensive for some, but the final outcome and return on investment is much more valuable and greater than your education expense. An MBA from a reputed university or B-school will surely guarantee a prosperous future ahead of you through their world class curriculum and course structures.
Thus, if you want to build a future in the business which is where the whole world is leading to then a degree in MBA is the right course of action for you and your future endeavors.
Author Bio
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, a 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.
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