In today’s society there is a massive choice of career fields to choose from, and an abundance of well educated people to compete with for those careers! With so many career choices, finding the right postgraduate educational program to enrol in can be a challenge – but if it’s business that you want to go into then it’s a good idea to enrol in a program that will provide you with the requisite knowledge, skills and ethics to fit right into the business community – and an MBA program is the perfect choice. Despite the fact that an MBA can be an expensive choice it is a richly rewarding undertaking. 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 salaries of those with other degrees you will see that there is a significant difference. In comparison to other employees within any establishment, an MBA graduate is usually better and more heavily compensated. Whether an MBA graduate is employed within the private or public sector, their salaries range from £70,000 to £120,000 on average. This doubles the amount paid to those with an ‘ordinary’ university degree.
2. Be Your Own Boss
With a Master in Business Administration, many graduates become young entrepreneurs. 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.
3. Better Career Opportunities
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.
4. Ideal for Networking
Business school provides a great base for MBA graduates to meet people . The sort of people you can meet while studying your MBA program include recruiters, key note speakers, old-school businessmen, new entrepreneurs, the list is almost endless. And then you have your fellow students that are also ambitious in the business world. An MBA program paves the way for you to interact with future business managers and executives. When the course is finished, these people could be ideal business partners or even provide exceptional recommendations on your behalf. Customarily, those enrolled in an MBA program are often sent out as interns. This provides MBA students with yet another way to meet potential employers. The consolidated network of people you will meet while studying your MBA program is sure to prove beneficial in the future.
For those who are currently employed and would like to keep their jobs while gaining their masters program, an MBA program can offer this kind of flexibility. Most MBAs are offered as a 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.
Individuals desiring of moving away from being secularly employed within an organization and working for others, to work for themselves will find that an MBA offers them credibility. Those conducting business with an MBA graduate will be more relaxed and inclined to do so, in comparison to someone without an MBA. 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. In addition, it shows mastery over a particular area or sector such as finance, management, business consultation etc.
7. Worldwide recognition of its credentials
After completing an MBA degree, a graduate is certified in all known core areas or at least some major managerial roles within an establishment. This degree is one that is highly recognizable throughout the world. It can be used to pursue other career fields since it is highly compatible with other degree programs.
8. Enhances Knowledge
Many MBA graduates have found that this degree program has thoroughly enlightened them on certain aspects of life, especially concerning operations within the business world. While those without an MBA ponder endlessly and wonder how and why a particular business decision is made, an MBA graduate is able to relate, because they would have been taught beforehand. With an MBA, graduates acquire an in-depth view of the business world.
9. 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. These communication skills are invaluable in the business world.
10. Personal Development
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.
By signing up for an MBA program , you too will be richly rewarded and transformed. For more information about ERC's MBA Program and Scholarship, click here.