There are many reasons to study an MBA, from opening up career opportunities and increasing your earning potential, to gaining business management skills and growing your network.
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When you are graduated from a top-rated business school with an MBA degree, then there are many good opportunities waiting for you. Some of such great advantages are, Getting a higher salary and better opportunities for working professionals Interview Round: Why do you want to do MBA? 1. Be confident about what you want to say:
For many MBA students, the major motivation for completing a post-graduate level qualification is to position themselves strongly in a competitive job market. The knowledge and respect gained from completing specialist business qualifications is generally considere.
You can study at your own pace and access lectures and course materials whenever you want. Online MBA courses are also accredited. We’re living in a world where studying online receives the same recognition as on-campus education. Just check the accreditation of your MBA degree or university before enrolling, to make sure you don’t run into a scam.
Getting a high MBA salary after graduation, landing a management position, developing a strong professional network, or even becoming your own boss are just a few of the advantages of studying an MBA degree abroad. Need to know more? Here are the top reasons to start studying a Business Administration degree:
An MBA can enhance your marketability as a professional and increase the quality and quantity of job opportunities. Over 98% of Wharton MBA graduates are extended full-time job offers. An MBA also helps you build business leadership skills, as well as a professional network.
Earning an MBA gives you valuable business acumen, expands your professional network, and creates new opportunities. Reason To Choose MBA as a Career: Job Security: If you have completed your MBA from a very Good college it will Gurantee you that you will not be unemployed . High Income.
High Salary Potential, Better Career opportunities, Flexibility, Credibility, Enhanced Networking, and Communication Skills, and Personal Development are some of the many reasons behind the MBA's popularity as a Post-graduation Course.
MBA programs teach students analytical skills, long-term strategic thinking, networking, leadership, and more.
Writing a great MBA essay is a crucial component of applying to business school. According to Lisa Koengeter, the Director of Admissions at Booth School of Business, your essay provides them with “a better understanding of you, your self-assessment and your aspirations.”
career growth is faster after MBA as diversified roles are available. it is easier to prepare for MBA entrances when in college. work experience does not have a high weight in the MBA selection process, it is usually 3-5 marks and is highest for 3 year work experien.
You will be glad to know that an MBA can help achieve all your career goals. Pursuing MBA boosts your self-confidence, improves your listening and communication skills, skyrockets your decision-making and analytical skills, and enhances your problem-solving skills, strategic thinking, and self-discipline.
An MBA programme provides you with the necessary knowledge and skills to eventually start and run your own businesses. It teaches you how to manage a market, plan ahead, and build finances for your own business. These skills are necessary for any entrepreneur striking out on his/her own.
You may initially join different companies as trainees or finance managers. And after completing this course, you can also go for further research studies. Candidates, who have done an MBA in finance, have many job opportunities in government and the private sector.
An MBA is only worth the expense, time, and effort when the graduate plans to work in a business-related field, in management, or as a company founder. An MBA may not be useful for those working in other industries unless they are in management or leadership roles. Not all MBA degrees are created equal.
What All MBA Students Should KnowKnow how to produce and interpret a company's annual report.Understand how the stock market works.Know how to use a financial calculator.Be able to produce a SWOT analysis of a business without breaking a sweat.More items...
An MBA will offer you a wealth of advantages, especially when it's from a well-regarded business school. Getting a high MBA salary after graduation, landing a management position, developing a strong professional network, or even becoming your own boss are just a few of the advantages of studying an MBA degree abroad. Find MBAs worldwide.
And this context will expand your business management capabilities.
An MBA programme represents a considerable financial investment. To give you an idea about how much you might have to pay, we’ve listed the average tuition costs in popular study destinations offering MBAs.
MBA professors with real-life experience in starting a business can tell you the major traps you need to avoid and what you should do to make sure your company grows and remains stable over time.
MBA classes will help you develop the skills necessary to keep a company successful. The curriculum of each Master of Business Administration degree can be different, but these are some of the most common competences you’ll develop depending on the study programme you choose:
General Management – Probably the most popular MBA specialisation. Great for developing an all-round effective business arsenal – great for a very versatile business environment.
The United States is the clear winner in terms of top-ranked MBA degrees. The U.S. wrote the book on business and offers MBA specialisations for anything you can think of. It has one of the biggest economies in the world, offers diverse career options and salaries to match them.
An MBA can help hone verbal and written communication skills, allowing you to successfully convey concepts to different people at different levels of an organization to ensure everyone is able to work together toward a common goal. 3. Expand Your Professional Network.
These are just a few of the advantages of getting an MBA. 1. Greater Awareness of a Global Market. Earning an MBA puts you in close contact with other students from around the world who have different work experiences and perspectives on the global economy.
For over 130 years, Wharton has held a reputation as “the finance school.” Today, Wharton upholds that reputation, leading the way with innovative courses and research surrounding global finance, alternative investments , and other groundbreaking avenues in the world of finance. Beyond reputation, there are several other reasons to choose a Wharton MBA.
The benefits of graduating with a Wharton MBA, specifically, are numerous. Over 98% of Wharton MBA graduates are offered jobs and nearly 94% accept job offers at graduation. In addition to a wider range of job opportunities and increased earning potential, a Wharton MBA can help you connect with a diverse group of professionals and become part of an extensive global alumni network.
Over 98% of those who earn a Wharton MBA are offered a job, and alumni currently hold positions at Fortune 100 companies and/or renowned organizations such as Apple, the Bill & Melinda Gates Foundation, DuPont, IBM, General Mills, Morgan Stanley, and more. 3. Lifelong Learning.
In addition to learning from professors, MBA students can expand their knowledge of other industries in the U.S. and abroad. 2. Improving Communication Skills. Effective communication is a fundamental skill required for professionals to succeed.
Earning an MBA makes you part of a global network of nearly 100,000 alumni, giving you access to respected and intelligent professionals you may not have otherwise had a chance to connect with. Beyond being part of a broader community, you’ll also have the opportunity to build relationships with other professionals in the classroom and beyond.
So, while working on drafting the best answer for why MBA, it is important to elucidate upon the first-hand exposure to management skills which you can gain through this programme and how they will help you explore different managerial position s. You would have both hard-core managerial skills such as finance management as well as career skills and soft skills that will aid you in being a better manager by understanding the strengths and weaknesses of your employees and putting them to optimum use.
Now that you are familiarized with the correct approach you need to take, we have elaborated some of the best answers for Why MBA question which you can utilise during the interview:
Best Answer for Why MBA. MBA is amongst the most popular professional courses to pursue after graduation. But what exactly is an MBA? Master of Business Administration (MBA) comprises of a myriad of subjects such as sales, HR, economics, entrepreneurship, marketing, and management.
An MBA degree will make you proficient in handling managerial positions in even the most difficult environments. Even more so you will get equipped with abilities that you can use to create a business from scratch and take the path of an entrepreneur.
Introspection before choosing MBA is extremely important to get clarity about the things that make you passionate for an MBA degree. But your quest doesn’t end after knowing why you want to do an MBA, it begins from there. Having an expert to assist you in choosing the right field in MBA will ensure that you are on the right path on your career trajectory. The experts at Leverage Edu will be by your side throughout the admission process so that you can realise your goals.
You must cite reasons that are authentic because this is what admissions committee prizes, i.e. to see honesty and authenticity in the candidate’s answer .
Expanding one’s career is a key objective for those pursuing an MBA because it gives them an edge in their application for top global companies. Also, you can explore any specialization out of a wide range of fields in commerce, so you can craft your career path in the direction of that specific specialization further.
Higher Social Prestige – Apart from job reasons, it also has its social prestige value. In countries like India, the MBA has a good value in the marriage market as well for prospective bride and grooms – In a lighter vein of course! There are unending reasons on why MBA, to shape a good future and success.
This is to help working professionals to have a scaled knowledge of their vertical domain. It also gives them the chance to apply for higher positions which sometimes get stymied on account of having a graduate qualification. Part-time MBA has flexible class timings, so that daily work schedule is not affected.
Constant Networking – An entry into the MBA program gives the opportunity to be networked. Every MBA college has industry professionals, recruiters, top-notch managers, subject speakers, and new joiners in the corporate sector, etc. The Alumni of the majority of MBA schools are highly active cells. It is a source of guidance to old and new students.
This becomes much easy if there are experience and background in working in the corporate sector. Additionally, an MBA degree helps in acquiring the technical and theoretical knowledge of subjects like Marketing , Human Resources, Operations, Project management, and channel management.
If it was a manufacturing company, then the production head due to his technical expertise used to get the coveted position of the CEO. But today, the trend is to put the MBA manager in the top slot because of their ability of bird’s eye view. Due to this discernible view, they are entrusted with the role of steering the ship in the right direction.
Subject Specialization – As the economy of any nation expands, more and more sectors are added to it. The growth of a particular sector is a corollary to the expansion of another sector. An MBA course imparts skills as per contemporary needs. It specializes in subjects like – Marketing, Finance, HR, Operations and Systems Management, Forensics and Corporate Fraud, Business Analytics etc. This creates specialized management professionals who are employed for specific verticals.
Personality Development – It is not just about subject knowledge. It is the development of the soft skills. An MBA helps in overall personality growth ( source ). The course helps to have better presentation and interpersonal relationship skills by fine-tuning the communication.
One also gets detailed knowledge of business management. The detailed information is not received in any other business course . One gets all the knack of handling the business within two years of the study. So, this is also one reason you can give of why you chose MBA as a good option.
Though an MBA is masters in business management, it also helps a student in enhancing communication skills. The students are taught how to speak clearly, fluently and distinctively with confidence.
MBA is one stream in which the pass outs get good salaries compared to those who are in other stream s. Not just the salary has been the point, but also the status that it provides.
Choosing a career is a very important step in our life and it should be taken very carefully. Your education also plays a major role in it. Though there are many advantages of taking up MBA, the best part about it is that it helps you craft a successful life for yourself.
One needs to do less struggle as the person is directly enrolled for higher positions in offices while in other streams, one has to first work at lower levels and after few years of working, the higher positions are designated to an individual. So this way, one has to do less struggle and more success is attained by an individual.
MBA is not just restricted to finance only, rather there are a number of other options like in human resource, marketing, management, communication, accounts, economics, and so on. You can opt for any as per your choice and interest level. This kind of option is not available as such in any other stream.
MBA is very flexible in the manner that one can pursue, it as a full-time course as well as a part-time too. Part-time means a student can work side by side and become a post-graduate hence fulfills dual purposes.
Enhances 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.
An MBA ultimately shows that you are an expert at what you do. It shows potential partners that you are highly competent and dedicated to your industry.
An MBA program provides a more diverse and wider field for graduates to expand in. There are several core areas covered within an MBA program, 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.
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.
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.
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.
Despite the fact that an MBA can be an expensive choice there are plenty of pros for choosing an MBA program as it is a richly rewarding undertaking with great career potential. 1.
While rankings aren’t the only thing that should be considered when choosing a school, they are a good indicator of quality. Other factors you should consider when researching business schools are employment rate upon graduation, salary levels and return on investment (ROI) of graduates, and more. In addition to the Global MBA Rankings, QS also releases a report each year that identifies trends in international MBA salaries and recruitment. Data from the 2018 Jobs & Salary Trends Report found that the US is currently the most generous when it comes to MBA salary levels, US$98,900 being the average salary for someone with an MBA.
Business schools hold regular networking events, where you’ll get the opportunity to meet with local companies and form connections. Crucial for when you are negotiating the job market. This doesn’t mean that you won’t be able to find a job in the US if you do study abroad, but these key connections can make it easier for those who have studied domestically.
From great networking opportunities and quality of business schools, to name just a couple, there are a multitude of benefits to pursuing your MBA degree in the US.
MBA graduates often possess an innate and insatiable curiosity. They know there is always something more to learn, and they endeavor to learn it. Earning the degree hones their ability to dig into competitive analyses, study emerging industries, and stay on top of all the newest developments, technologies, and trends in their industry. As Albert Einstein said, “The important thing is not to stop questioning. Curiosity has its own reason for existing.”
Many companies now require or prefer candidates with an MBA for a number of roles. Earning this degree significantly expands the number of potential job opportunities for which you qualify.
13. A re-energized career. Sometimes you can get stuck in a rut career-wise. Earning an MBA degree can pull you out of a funk, re-energize past career goals, or help you uncover new ones as you work through the program.
While earning your MBA, you address big business issues and real-world business challenges which hones your ability to look beyond your role and see how organizations operate as a whole. This also increases your exposure to diverse perspectives on global, social, and business issues as you collaborate with students whose backgrounds, experiences, and career goals differ from yours.
Much of the knowledge and hard and soft skills you gain from earning your MBA is applicable across many industries. You become more skilled and versatile regardless of your industry or job title thanks to widely applicable qualities like leadership, critical and analytical thinking, creativity, and communication.
Thinking outside the box is just as important for business as it is for art or music.
There are different ways you can establish credibility in your firm and in your industry. You could volunteer for a project at work that stretches you beyond your comfort zone and shows off your hidden talents to company management. You could begin a solo side business or co-found one with family or friends to establish early credibility as a budding entrepreneur. But the academic version of street cred in the business world is the MBA degree.