Studying the MBA (Master of Business Administration) is an important decision, especially for those that have high aspirations. The truth is that the Masters degree always offers many advantages, especially when it is offered by a business school that has a high reputation. Here are the main reasons why you do want to seriously consider the MBA.
Developing Managerial Skills
MBA education is often pursued by the young professionals that have some work experience and by the senior employees. The MBAs are important at such career stages because they teach much about a company. Based on where you study, you might learn how to:
- Maintain positive company image.
- Keep finances healthy.
- Advertise, manufacture and even sell products.
- Create company hierarchies that are effective.
- Gather industry data.
- Know when tough calls have to be made.
Students are forced to get out of comfort zone and learn a lot about international business and modern practices.
Access To A Business Network
The MBA student has increased networking opportunities. Interacting with others is important in business and the network of professionals the student gains access to can be really good for future career development. During the MBA you get in touch with colleagues, teaching staff, professors and much more. If you do not have a job there is a possibility to meet future employers and the biggest networking advantage is that you get access to a large alumni network. Such connections offer a great business world overview and a really deep understanding of what is happening in business.
If you look at salary statistics you instantly notice that those for the MBA graduates are higher. This is true even when compared with people that have regular Masters qualification. In fact, you can expect a salary that is 2 times higher than with the regular degree from a university of choice. MBA graduates have an average salary of 100,000 EUR per year in Europe and 85,000 EUR per year in the US. This practically means that in just 2 years you manage to cover the investment you made on the MBA education you chose.
Better Entrepreneurial Preparation
So many students choose the MBA as they want to be entrepreneurs. These courses automatically help you since they teach how to run successful businesses. The student understands how to turn the dream he has in true reality. MBA programs give the necessary business practice knowledge that is necessary as a new business is started. Also, it offers the information needed to help existing businesses develop and grow.
Better Career Opportunities
Because of the gained qualifications, MBA program graduates have a much higher possibility of holding and even gaining high-level management positions. Over half of MBA graduates from around the world are now board directors or senior managers. Such a position automatically offers higher salary, although responsibility is also higher and working hours are longer.
To sum up, there are clear advantages to getting an MBA. This is a natural solution for many students that want to earn more and climb career ladders.