Six Ways How You Can Benefit From an MBA Degree
The benefits of an MBA degree are multifold - not only they help you climb higher and faster in the corporate ladder - but they can also be beneficial for young entrepreneurs. Here’s a look:
As a young aspiring student or professional, you must be well aware of how MBA has emerged as the new in-thing in the education sector worldwide. The phenomenon is relatively young in India compared to a lot of First World countries; but nonetheless, the demand for qualified and deserving MBA degree holders in both public and private sectors across the country has surpassed at a rather exponential rate during the past one-and-a-half decades. However, if you are still pondering whether or not you should go ahead with your pursuit for an MBA degree, then here’s a brief look into how becoming an MBA can prove to be truly invaluable for your professional life.
Benefits of an MBA Degree#1 You can change your career path at will
Most B-Schools in India offer you the opportunity to pursue a field of specialisation of your choice; for example, based on your ranking in the merit list as well as your preference, you can opt for any stream or discipline such as marketing, information technology, human resource, and so on. This is indeed a perfect opportunity for all those who want to change their career path for whatsoever reason. Even if you are an engineering graduate, you can still specialize in disciplines such as Human Resource and Marketing. Similarly if you are currently working as a sales professional but don’t enjoy it much, you still have the option to get yourself enrolled in an MBA program with a field of specialization of your choice.
Benefits of an MBA Degree#2 Boost your perceived value
An MBA degree from a good institute is generally perceived as a perfect tool for enhancing your career. The rise in perceived value of an MBA is not confined to mere family or society, but employers also think that such candidates - especially those from a reputed university or B-School - are better prepared to handle key responsibilities within a cut throat competitive environment. This is precisely why businesses from all sectors - large or small - are increasingly willing to spill out higher salaries to candidates with an MBA degree.
Benefits of an MBA Degree#3 Learn essential entrepreneurial skills
In case, you do not intend to embark on the corporate path and instead, are willing to start something of your own, even then you will always cherish your decision to pursue an MBA program. This is because, in essence, all MBA programs are inherently designed to teach all essential skills that an aspiring entrepreneur would require for managing and administering different aspects of a business.
If your goal is to prove yourself as a successful entrepreneur, you can have yourself enrolled into an MBA program and learn the basics of business planning, marketing, finance, and sales. Despite not being an essential criteria for entrepreneurship, having an MBA degree would surely help you conduct your business the ideal way.
Benefits of an MBA Degree#4 Acquire knowledge
An MBA program is usually designed in such a way that it eventually helps you acquire a diverse set of knowledge from different walks of life within a pretty short span of time. When you start using that knowledge in work, your growth becomes faster almost instantaneously. Therefore, irrespective of whether you want to acquire knowledge just for the sake of knowledge, or in order to grow faster professionally - an MBA degree will prepare you for virtually anything and everything.
Benefits of an MBA Degree#5 Climb higher and faster in the corporate ladder
If you have been working for a while and not quite content with your progress so far (or if you nurture ambitious dreams), then an MBA degree may just be the kick you need to accomplish your goals. MBA has the potential to help you jump to middle from junior level and to senior management from mid-level within a pretty short span of time. Similarly, with an MBA degree, you may also project yourself as a deserving candidate for any GM profile in less than two years after finding a place in the senior management (for non-MBAs, it may take them almost eight years to accomplish the same).
Benefits of an MBA Degree#6 Better opportunities and fatter pay-cheque
Just go through any job portal such as Naukri or Monster once, and you will see how almost all companies cite MBA as the ideal qualification required for their various openings in the mid and top level management. The bottom line here would be that people with an MBA degree usually are awarded with a diverse range of exciting employment opportunities - both internationally as well as domestically.