Why MBA?

A decision to pursue an MBA from a good business school or an esteemed university could be one of the best career-enhancing moves you ever make. However, a full-time MBA involves an investment of time, effort and cost, so you should be very clear about why you want to do it. There are some very good practical reasons to get an MBA degree, ranging from upskilling to gaining a competitive edge. 

Here are the top reasons why MBA is a top choice of students:

Career Advancement

Becoming a future executive or a business leader is easier with an MBA education behind you. With an MBA, you will become eligible for senior leadership roles that require specific skills like business analysis, strategic thinking, team leadership and more. As an MBA student, you will study theories and concepts that can be applied to any leadership role. MBA grads are most sought after professionals in any job market; an MBA will give you the prospects you need to advance in the business world.

Salary Upgrade

A typical salary for an MBA graduate is almost two times that of an employee with a regular Bachelor’s or Master’s degree. In only a few years’ time, you can expect to cover the investment made in your MBA education. High salary, though, goes hand in hand with a higher responsibility and longer working hours.

Networking

An MBA program provides students with the opportunity to network with a wide range of professionals, including alumni, faculty, and recruiters. This can lead to valuable career connections and job opportunities. In addition, your fellow students will also become a valuable part of your network over time as they all go and work in different companies across the globe.

Skill Enhancement

Another reason why MBA is popular with both young graduates and working professionals is the development of skills like communication, problem-solving, business analysis, leadership ability, and overall business knowledge. These skills which you gain during your MBA can be valuable in both, personal and professional situations. 

Entrepreneurship

If you wish to start your own business someday, an MBA can prove useful. It can teach you basic business administration skills as well as specialized ones. MBA programs often teach entrepreneurship and business development, and they also provide students with access to networking opportunities with potential investors and partners. Many young entrepreneurs and startup founders today possess an MBA degree.

Career Change

An MBA is an exceptional choice for those who would like to change careers and switch industries. While enrolled in an MBA program, you will not only learn general business and management skills, but also have the chance to specialize in one specific area. Specializing in finance, accounting, business analytics, marketing, human resources and international business will enable you to work in that field regardless of your prior working experience. For example, an engineer with an MBA could transition into a management role in the technology industry.

Career Flexibility

An MBA can make individuals more marketable and give them more flexibility in their career choices. By building general management skills, it can help one move away from a narrow functional role into a broader managerial role. What’s more, even business owners and entrepreneurs can gain from an MBA, as it improves their decision-making and problem-solving abilities. 

An MBA degree encompasses rigorous training, reports, projects, presentations and group assignments; all of which give you the necessary abilities to handle real-life business situations. This helps you to set you apart from those who do not have such kind of proficiency and can make you a leader in your chosen field. 

Ultimately, deciding to go in for an MBA is a personal choice and will depend on your career aspirations, lifestyle, finances, and future plans. However, if you’re looking to advance your career, change careers, start your own business, or develop your personal and professional skills, an MBA may be a good option for you.

Not sure where to find the right MBA program for you? Check out the range of MBA programs available with iNurture’s partner institutions.