Monday, 25 May 2020

Why MBA is considered valuable

Why MBA is considered valuable
Education is the ability to listen to almost anything without losing your temper or your self-confidence
Determining to study an MBA degree (Master of Business
Administration) is a gigantic step for ambitious managers. Is pursuing an MBA program at a business school abroad a good choice? Are the financial investment and the entry requirements acceptable? All in all, is an MBA degree worth it? If you're formulating to enter the competitive business world of today, we believe it is.
So, what can you do with an MBA? An MBA will offer you a wealth of advantages, specifically when it's from a well-regarded business school.
Need to know more? Here are the top whys and wherefores to start studying a Business Administration degree:
1.      Develop advanced and flexible management skills
These are some of the most common competences you’ll develop depending on the study programme you choose:
·         Improve leadership and people management skills
·         Develop, advertise and sell your products and services
·         Network and create connections or partnerships
·         Manage difficult situations (e.g. financial crisis, public scandals)
·         Keep the company's finances healthy
·         Promote and maintain the company’s positive image
·         Hire top talent and improve employee retention

2.      A lot of MBA specializations to fit your exact goals
  • General Management – Probably the most popular MBA specialisation. Great for developing an all-round effective business arsenal.
  • International Business – great if you want to work out of India, or work in a global company with offices in different locations.
  • Strategic Management – Prepares you for long-term business planning and back-up planning.
  • Finance – Great for bankers, financial controllers, chief financial officers, and finance managers.
  • Marketing – Focuses on businesses that rely on promoting products and services.
  • Entrepreneurship – Best if you have an original business idea and think about launching a start-up.
  • Operations Management – Ideal for managers in charge of optimising production processes.
  • IT Management – Prepares you to do business in the technology sector or do business that heavily relies on technology.
  • Human Resources – Great to learn for managers in charge of HR teams or working with large groups of employees.
  • Consulting – prepares experts ready to offer an outside opinion for challenges faced by companies.
3.      Access to an extensive business network

·         As an MBA student, you have great networking opportunities. You’ll work together with fellow students, professors and teaching staff (businesspeople with great management experience). And this context will magnify your business management capabilities.
·         Finally, you gain access to the wide alumni network of that particular MBA programme. Your connections will give you a great overview of the business world. 

4.      MBA salaries are some of the highest on the job market

·         There are many benefits of an MBA degree; a few are job security and high salary. The average income for an MBA graduate is much higher than an employee's with a regular Master's. You can expect to earn twice as much as what you would get from a regular university degree.

5.      Start your own company from scratch

·         You’ll learn how to communicate meritoriously and why it is necessary for the success of any organisation. Whether you’re negotiating a contract with the suppliers or explaining your vision to prospective investors, knowing how to express your ideas clearly can make the difference between winning or losing the support and attention of your audience
·         Don’t rely on the misconception that you’re the only one who wants to become an entrepreneur. Many MBA graduates end up starting their own business.

6.      MBAs are great for a career change and thriving business opportunities

·         Approximately 1 in 3 prospective MBA students use their management education to pursue opportunities in new industries or job functions they have not worked in.
·         It’s a good idea to decide on the industry and job you plan to follow before applying to the MBA. This way, it will be easier to pick the best MBA for your needs and have clear future goals that weigh heavily during your application interview. Also, you’ll have 2 years to develop the exact skills you need for the new job.
·         The versatility and diversity of MBA programme specialisations are great support for those preparing for a career switch.

7.      MBAs are challenging but not difficult to graduate

·         Rather than asking if an MBA is too difficult, you can try to improve new ways of looking at the things you consider difficult and take them as challenges or problems to overcome. That’s how a professional business person would look at it.
·         In short, an MBA is as difficult as you make it, and is as rewarding as you invest in it. In the business world, there is rarely any hand-holding. You either progress into a competent business expert or are surpassed by the competition.

At last, I just want to say
All progress takes place outside the comfort zone

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