MBA – MASTER OF BUSINESS ADMINISTARTION
An MBA, or a Master of Business Administration, is a very hot topic nowadays. Is this just a trend, a trifle, or is there real value in pursuing such a study programme? It is expensive and demanding and it has high entry requirements, so why should you opt for an MBA?
You may be a fresh graduate from college or one with some working experience. Perhaps you want to do something more with your life, something with a higher purpose. Well have you ever thought about pursuing an MBA?
As the pace of change accelerates, we can take comfort in knowing that the Masters in Business Administration (MBA) degree is still a ‘constant' worth embracing. Indeed for many, an MBA continues to be the cornerstone for the success they're looking for. There're many reasons why an MBA might be perfect for you. Here are the top 10 reasons why you should take the plunge:
1. Earn a widely-recognized top credential.
An MBA is a degree, granted after one to two years of graduate-level university study that provides training in both the theory and practice of business management. It certifies that you have a general competency in all the major functional management roles in the modern corporation. In fact, an MBA is recognized throughout the world as a *high-level* credential and may be your passport to a promising career.
2. Flexible study arrangements:- Full time, part time and online program are available.
MBA programs can be taken at your chosen pace but must be completed within a maximum of five years. Some MBA programs are designed to minimize disruption to normal work demands and home life, so even if you are still studying or working, you could choose to attend classed in the evenings and the occasional weekends.
3. An increase in earnings potential.
From an income point of view, statistics show that on average, a person with an MBA will start off at about 12% more than someone with a basic degree. Ten percent more each month for one year is 120% and in a 10 year span, that amounts to a very large sum. Your MBA is an investment in yourself and as with any other investment, you have to decide if the potential return is worth the time and money spent.
4. Greater opportunities to work in a country or geographical region of your choice.
One word: mobility. Everyone hits the wall at some point and longs for an opportunity with more responsibility and different duties. MBA programs give you the competitive edge you need to separate yourself from the competition. An MBA degree can also be used to improve social, environmental and economic standards in private and non-profit businesses throughout the world.
5. Grow your networking resources.
An MBA acts like a magnet attracting talented people from every corner of society. These professional relationships will serve you well throughout your career, providing essential mentoring and contacts. Such networking is not limited to fellow students but includes internship opportunities, drawing upon a highly qualified faculty. These qualities make the fabric of the MBA experience a good and comfortable fit for almost anyone.
6. Polish your communication skills.
Communication skills are just as if not more important than the other business analysis skills as it is the key to business success. A survey conducted by the Association to Advance Collegiate Schools of Business rated listening skills and the ability to manage change in the workplace as the most crucial skills to succeed in today's business.
7. Advancement in Career.
MBA also at times serves as an entry ticket to many organizations, whose doors are open most exclusively for MBA graduates. A Master of Business Administration prepares you for a managerial role in your current field, whether or not you're already in the business world. Medical professionals, publishing professionals, real estate agents and tech support specialists are among the many that benefits from an MBA degree and attain a more rewarding position in their existing career.
8. A chance to learn standard tools for organizing business activity and managing business processes.
MBA is a managerial qualification that is all about learning leadership. MBA provides the tools, techniques and resources needed to run a business, namely risk management plans, performances plans, and project management as well as marketing plans. Managing a business is a strategic asset. Just like job promotions, you get recognized for the work you've already done and not based on the work you are going to do. Start taking up more responsibilities in handling business activities both in good and hard times as you will never know when you will be facing a crisis in future.
9. Be your Own Boss with an MBA.
If you have an entrepreneurial spirit, an MBA course can help you reach your goals. The leadership skills and management training gained can be turned into something profitable which includes bringing a new business to life. If you have the creativity, people skills and drive to start a business, a good graduate program will train you in critical areas like business planning, venture financing and small business management.
10. Gain an in-depth understanding of the business world.
The world of business is ever changing and complex. It is composed of many fields and principles that all interact with each other at the same time. An MBA program is a well-rounded degree that covers a variety of business areas for an in-depth picture of the business world.
Did any of these 10 reasons appeal to your situation? Well whatever your reason for getting an MBA may be, the bottom line is that an MBA will teach you a lot about business in response to the challenges of todays fast paced and increasingly complex global business environment. As much as it is a hefty investment on your part, it could open doors of opportunities that were closed to you before. Good luck!