6 Reasons to Pursue an MBA Degree
top 10 Reasons to Get an MBA
You can pursue many types of jobs with your master’s degree in business, including:
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.
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.
The lessons learned while earning a Wharton MBA extend beyond the time you spend in the classroom. In addition to a world-class education, Wharton MBA students are able to take part in a wide variety of extracurricular activities, interacting with current students and alumni and fostering deeper relationships. Wharton also offers best-in-class career resources for MBA alumni, supporting you at various stages throughout your career and helping you stay connected.
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.
The cost of a two-year MBA program varies, however, the estimated total cost for a Wharton MBA is $224,948. Depending on whether you opt for room and board on-campus, the cost can be approximately $44,000 less.
The Benefits of an MBA. Completing an MBA program demonstrates a commitment to learning, improving, and applying skills that can help a company succeed. Additionally, professionals with MBAs feel a greater sense of confidence in their marketability, as well as the wealth of information they can bring to various endeavors.
Employers typically look to hire or promote a candidate with an MBA because they have skills in marketing and finance that others within the organization may lack. This allows them to hit the ground running with various initiatives and help their company increase profits. 5. Better Time Management.
An MBA graduate almost becomes a new person after their degree program is complete. With a new outlook on life and the business world the different areas taught in an MBA program, will develop the student’s 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.
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.
By enrolling in an MBA program, you can acquire the requisite knowledge and practices needed to potentially develop and operate your own businesses. With an MBA degree program, you’ll be taught business management, planning and even financial handling. These skills will put you in the perfect position to manage your own business effectively, while contributing to the economic development of your country.
Take a look at the top 10 reasons why you should do an MBA: 1. High salary potential. If you do some research into salaries paid out to an individual with an MBA versus ...
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.
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.
Most MBAs are offered as an online or part-time course as well as full time and this option means that the students can work at a pace that is ideal for them, without feeling hassled or stressed. There is usually the option to attend classes in the evenings and even occasionally on weekends to fit your studies in with the rest of your life.
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.
A banking domain manager, who understands business, can easily take charge of a consumer goods company. Out of the Box Ideas – Strategic thinking is a major advantage derived from an MBA as compared to others. The MBA course teaches them to brainstorm and come out with out of the box ideas.
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.
Team Building – It is one of the most important qualities for job success and career growth. Leading a team and motivating them to deliver the result, is the core component of any organizational growth. It is the team that ultimately succeeds, and for the team to reach its goal, the best in each member should come out.
This is where having an added MBA degree helps in a combination of tech and soft skills. Finance Management – Good MBA is good finance managers also. They have a better sense in planning their investments.
It is very common to see the words – MBA preferred, in the job description. This is the norm even in the smaller companies. Job Candidate Differentiation – There are job opening where comparatively lesser years’ experience is asked from an MBA candidate for certain positions.
Global Credentials – The MBA degree has worldwide credentials. It is country-agnostic. Good managers can succeed in any environment and any country. It is very often seen that top heads of brand names in USA, UK, Canada, etc. are from countries like India and China.
Although the decision to get an MBA is personal, MBA programs tend to attract candidates with a few common goals.
Before you decide to pursue your MBA degree, there are a few key considerations that may sway how or when you choose to go back to school. Three common limiting factors are time, money, and energy.
As you think about whether getting an MBA is right for you, it can be helpful to hone in on your personal and career goals. Consider what it may take to reach those goals, and think about how an MBA can assist in that process.
For a flexible degree option at a breakthrough price, consider the iMBA from the University of Illinois Gies College of Business. Take online classes from anywhere with an internet connection with students from around the world. Start select courses today for free as you decide whether business school is right for you.
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.
To be successful in anything, you need to be confident. Self-confidence is the key to all accomplished work. So, even if you have to answer just a simple question in the interview, you need to have confidence. Otherwise, the questions about your ability to choose a career may arise during the interview. 2.
When a person becomes a professional, the vision and the perspective of individual changes. In actual the vision becomes wider and more positive. This is not only good for an individual self but also is essential on the professional front.
When you are a fresh MBA pass out, you are actually not fresher as you already have built lots of contacts. So, this career gives you lots of opportunities to enhance the business network already before jumping into the field. This is a great opportunity to widen the ideal networking and familiarize with maximum people at a time.
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.
You have to do a master’s to complete education. So, the MBA is always a good option as it can never go out of demand and fashion. Also, it includes under professional course and is resourceful when compared to any other postgraduate degree.
Because You Want to Earn More Money. Earning money is the reason why most people go to work. Money is also the primary reason why some people go to graduate school to obtain more higher education. It's no secret that MBA degree holders tend to have higher earnings than people with a lesser undergraduate degree.
An Master of Business Administration (MBA) degree is a type of business degree offered through business schools and graduate-level programs at colleges and universities. An MBA can be earned after you have obtained a bachelor's degree or the equivalent.
Earning an MBA does not guarantee career advancement, but it certainly doesn't hurt employment or promotion prospects.
Not every business leader or executive has an MBA. However, it may be easier to assume or be considered for leadership roles if you have an MBA education behind you. While enrolled in an MBA program, you will study leadership, business, and management philosophies that can be applied to almost any leadership role.
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.
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.
Here are the best answers for Why MBA: MBA as a Globally Acclaimed Credential. MBA for career enhancement or career change. To develop a host of skills like interpersonal, communication, presentation, management, leadership skills, to name a few. This MBA can help me attain a deeper understanding of this specialisation and furnish my knowledge ...
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.