Here are the seven actual reasons to do MBA:
- Career Development
Career development through MASTER OF BUSINESS ADMINISTRATION, career paths after completing MBA, what to do after mastering of business administration typically; a professional begins their career with an operational role. Being hardworking, fairly smart, and result-oriented, you get promotions and reach a desired position in the management.
You now have a good academic profile and good work experience. What happens next? After a few years, you start feeling go hard. This could happen after two years or it may take eight years for you to reach such a stage.
This is just because, in today’s growth-oriented professional world, most of the people around you also have the same qualities and credentials that you possess. At this point, it is crucial for you to ask what unique traits you have that will differentiate you from the herd.
The answer is a Master of Business Administration degree. Actually, not just any master of business administration degree but a Master Of Business Administration degree from a premier business school. A Master Of Business Administration from a top B-School will help you make a quick transition from a mid-level role to a senior management position, where you will have the opportunity to take strategic decisions.
If you go through various job descriptions of leadership role or senior positions across industries, you can see that MBA from top B-Schools is a preferred degree, though perhaps not mandatory income exclusive cases. Consulting is one profession where an MBA is mandatory to grow to an Associate or higher level.
The lack of a MASTER OF BUSINESS ADMINISTRATION degree may not be a show-stopper but it will be a huge reason for career stagnation.
- Career Shift
Career change after the master of business administration, how to switch industry through an MBA, change management roles through the master of business administration. What are the chances that with your current previous education, job role, and industry experience, you can actually switch to any other role or industry? Very little!
Consider this situation – you have been in IT for the past five years, but with time, you realize that your true calling is marketing. What steps can you take to make a switch?
You can take up small marketing projects over the weekends – Read about marketing on the internet and make changes to your resume – Take an online marketing course.
Even if you manage to get past the interview for a marketing role, you would still be joining at an entry level. Your great IT experience will not help you much to get a senior level role in marketing.
It is here that An MBA program can help. In fact, one of the most important reasons why professionals choose to do a MASTER OF BUSINESS ADMINISTRATION is to change career tracks smoothly.
Knowledge gain through the master of business administration Master Of Business Administration from a top business school may set you back by about INR50 lakhs for a 10-month course. The figure may be even higher depending on the location of your school and the duration of the program.
This works out to about 1.2 lakhs per week. In India, you may end up spending 20 lakhs for a similar MASTER OF BUSINESS ADMINISTRATION program. Imagine spending such a huge sum of money just to gain knowledge!
Wouldn’t it be prudent to quit your job for a year and browse the internet to get all the knowledge in the world?
However, the truth is that the knowledge that will help you progress in your career will not be found only in books or on the internet. The interaction and knowledgeable debates that you will have with your Batch mates, professors, and peers at a B-School will be extremely enriching.
Secondly, the pedagogical methods employed in top schools are very innovative and effective – these include case studies, presentations, projects, research papers, etc. If you are joining a typical two-year MASTER OF BUSINESS ADMINISTRATION program, in the first year you will have the core curriculum consisting of marketing, accounting, finance, statistics, economics, management, organization behavior, etc.
These subjects lay the foundation for your understanding of business. To be a future CEO, you need to have a 360-degree view of how to run a company and manage people. The language of business is the language of money.
Apart from the core subjects, B-Schools offer a plethora of electives, usually in the second year, depending on the stream you want to specialize in. It is at this point that you need to have a very good idea of your career path so that you can make full use of your MASTER OF BUSINESS ADMINISTRATION program.
Networking in a master of business administration classes, how to network in B-school What is networking?
Knowing people? Getting contacts?
Yes, knowing people is a big part of networking, but surely it is not just that!
Even with all the social media hype, how many people from your college are you in touch with? 20? 50? At the most, 100! Even at work, how many people do you really know? You’re immediate superiors, your team, and the people you meet at the cafeteria.
And what happens once you quit your current job and meet your ex-colleague after two years in a mall? You may even find it hard to remember his/her name! So, according to this description of networking, it means you are ready to spend so much amount just to know 120 more people!
Nothing could be further from the truth.
So, what is networking all about? Networking at business schools means that you will be carrying the same tag as thousands of alumni.
You may or may not have studied in the same batch or the year, but if a CMS Nalsar alumnus receives an email or a job request from another CMS Nalsar alumnus or is interviewing an applicant who went to the same B-school, there will be an immediate bonding between them, something like an Old school memories!
We all want to be identified as part of a group of high achievers. Doing an MBA from a reputed B-School gives you a great opportunity to network with smart, talented people who will hold top strategic positions in major companies or will be great business leaders someday.
- Brand Equity
A MASTER OF BUSINESS ADMINISTRATION degree is certainly a feather in your cap. But an MBA from a top B-School is a more brightly colored feather! You can feel this difference within India itself. All things being equal, there is a big difference if you do a MASTER OF BUSINESS ADMINISTRATION from a lesser known B-School in your region and if you graduate from a top school such as ISB.
People who are planning to hire you already know that you have cleared the first level: high GMAT score, high GPA, recommendations, essays the tough interview itself and of course, a very rigorous MBA program.
Just like gold, a MASTER OF BUSINESS ADMINISTRATION from a reputed B-School gives you a certified hallmark that you are competent to become a successful leader in the near future. As the job of assessing a candidate is already done by the MASTER OF BUSINESS ADMINISTRATION Admissions Committee, recruiters are well-assured of your potential.
Self-growth, what will I gain in a master of business administration, how will I benefit from a management degree
What do you really learn at a B-School?
Most importantly, the confidence to be somebody who matters, in your professional life.
A reputed B-School program gives you the opportunity to think in the direction you want to. Once you join an MBA Program, Whatever goals you may have had will change and you will realize that your true calling lies elsewhere.
The entire classroom environment, interaction with peers and faculty, case studies, student activities, all these may radically change your perspective, both professionally and personally. Many Masters OF BUSINESS ADMINISTRATION students discover a new person in themselves once they graduate from business school.
The truth of life is that when you were a student, you had no responsibilities, but you also lacked the right perception. Once you started your first job, progressively, you learned who you want to be, who you are, what your talent is, but at this stage, you are so loaded with responsibilities that you don’t get the chance to follow your dreams.
An MBA gives you a second chance in life to do what you always wanted to do. It gives you the independence of a student’s life as well as the perspective of working for many years.
- Change of Geography
Master of business administration abroad, international master of business administration, change of geography through a master of business administration, international b-school there must have been instances when you wanted to move to Australia or Canada or any other foreign country to work there. With your current job role and responsibility, you may be able to move to get a job in international market as a C++ coder but definitely not as a Product manager.
An MBA, say from International universities like Harvard INSEAD or Stanford can help you learn more about the foreign market well, increase your network beyond your physical geographies, learn about the requirements for a worldwide career and get exposure to a totally different culture and way of life.
Do you identify with some of these reasons why you should do a MASTER OF BUSINESS ADMINISTRATION? At the end of the day, it’s all about your passion, your career, and your long-term goals. Before you even think of applying anywhere, analyze why exactly you wish to pursue an MBA and articulate it well in your essays and interviews.
A systematic approach to following your dreams will make your MASTER OF BUSINESS ADMINISTRATION journey meaningful and enjoyable.
Hope this post makes a positive difference to your MASTER OF BUSINESS ADMINISTRATION plans! If you’d like to share what works for you and what doesn’t, please leave a comment in the comment section below.