In today’s competitive job market scenario, choosing a promising degree programme is essential if one wants to ensure bright career prospects. In recent times, a Master of Business Administration (MBA) degree has become one of the most prestigious career choices for most graduates. Despite being an expensive and highly competitive career choice, there are plenty of benefits of choosing an MBA programme as it is a highly rewarding undertaking with unlimited potential. There are countless benefits of pursuing an MBA and it is one of the most pursued post-graduation programmes. Here are the top 5 reasons why one should pursue an MBA in any specialisation of their choice:
Better career opportunities
An MBA degree opens up a wide variety of career options for students. Many companies prefer candidates with an MBA for a variety of roles. Earning this degree significantly expands one’s potential career opportunities. After an MBA degree, one is not constrained to work in any specific sector or area; they can choose a specialisation of their choice and work in that area. Graduates of the MBA programme have higher chances of holding a higher-level management position. Over 50 per cent of MBA graduates worldwide hold senior managerial positions and earn higher salaries with greater responsibilities.
Better pay package
An added advantage to obtaining an MBA degree is the increase in one’s potential salary. There is a significant difference in salary between an MBA degree holder and between those with other degrees or simple graduates. In comparison to other employees within an organisation, an MBA graduate is usually better paid and they also have greater job security. MBA degree holders are also delegated with greater responsibilities than fresh graduates. Furthermore, an MBA education with its focus on practical knowledge prepares students more thoroughly for the contemporary challenges faced by the job industry. Thus, along with greater demand for them, MBA degree holders are offered attractive pay packages as well.
Opportunity to connect with more people
When it comes to the corporate world, networking and connections mean a lot. This can be another important reason to pursue an MBA. Right from joining as a student, one gets an opportunity to interact with individuals who are career-oriented and focused. During an MBA course, one gets an opportunity to interact with industry experts, company Chief Executive Officers (CEOs), and other veterans from the corporate field, this adds to their valuable experience. The internships, training, and jobs give an MBA graduate a great opportunity to interact and communicate with business professionals from various industrial domains. These people could provide exceptional recommendations and it could be a way to meet one’s, potential employers and future business partners.
Develop entrepreneurial abilities
By enrolling in an MBA programme one can acquire the requisite knowledge and skills needed to develop and operate their own business. These days we find many students who pursue an MBA degree to gain entrepreneurial skills. Many B-schools offer MBA with a specialisation in entrepreneurship. Students learn from their faculty important entrepreneurial skills which allow them to come up with a business plan, handle business management and financial matters. In the era of start-ups where many individuals are opting to set up their business enterprise. The skills acquired through a Business Administration will put them in a perfect position to manage and handle their business effectively.
New skill acquisition
Acquisition of new skills is another advantage that pursuing an MBA degree will provide the pursuers. Apart from the subject knowledge and skills, an MBA degree helps an individual develop his/her personality by honing their thought process, fine-tuning their communication skills, and strengthening their logical and reasoning ability. Much of the knowledge and qualities like leadership, critical thinking, creativity, effective communication gained from earning an MBA degree is applicable across different industries and sectors. One becomes skilled and versatile regardless of the industry or job title one is in.
An MBA is a highly regarded professional qualification that provides one with key life skills for success. It not only improves one’s chances of securing a high-paying and reputable job but also helps to ensure that one has the best chances of career growth with an improved salary.
