You are still wondering why millions are choosing a Masters of Business Administration (MBA) over other a typical government job? Do you know the benefits of earning an MBA degree from a globally ranked college? Well, we’ve got you covered! We understand pursuing a degree that involves a huge investment can be a big decision. So to make this decision making slightly more accessible, we have brought some pointers to why an MBA is one of the best degrees to pursue.
- Develop Exceptional Managerial Skills
Most MBA candidates have at least two years of working experience. Now that they have a rough idea about how a company functions, it becomes easier for them to learn the fundamentals of management. MBA hones their leadership skills and teaches them about the various aspects that escalate the growth of a company. Candidates who pursue MBA learn about manufacturing, advertising, financial accounting, tracking a company’s growth, and decision making. Other than this, they also learn about hiring the right resources and maintain standard growth while competing with global competitors.
- Network to Expand Business
Something familiar amongst all business personalities is that they all love good investments. One of the most significant benefits of an MBA is that you get lifelong access to a free network. Students build a network through their daily interactions with peers and professionals that later help them in uncountable ways. Other than this, while they are studying on-campus, their seniors can also help them with some of the best placement opportunities and studies which are again entirely dependent on the relationships they’ve built while they were studying.
- Good Money is a Plus Point
Let’s get this straight- Who doesn’t like good money? MBA is one of the degrees that get you a handsome salary. Professionals with an MBA degree have much higher chances of earning better packages. Also, the salaries of MBA candidates would be much higher than those with regular masters.
Candidates with MBA earn an average salary of 84,650 EUR/year while in some of the European countries; the average salary of an MBA graduate is 100,000 EUR/year. Ideally, within five years students recover the investment they have made in earning an MBA.
- Become an Entrepreneur
One of the reasons why students pursue an MBA is to learn the fundamentals of management to become an entrepreneur. Many business professionals even choose to do an MBA right in the middle of their careers to look after their family businesses. Some of the top Indian colleges like ISB offer specially designed programs for such business professionals who are to inherit their family business. A course like ISBs MFAB program shapes an individual to be perfectly prepared to escalate their family business.
- Get Through a good Job
Believe it or not, you can access to some fantastic job opportunities with an MBA degree. Not just this, candidates even land up in some of the biggest corporate firms and even in C-level positions. As much as these positions bring higher salaries, they also bring greater responsibilities that shape them into well-rounded professionals. Companies like Deloitte, E&Y, Boston, Apple, Amazon, Amex, and more regularly hire from top Indian MBA colleges.
- Experience a New Culture
Learning begins right when you enter your classrooms. One of the best things about an MBA is that you walk in a very diverse classroom. You get to learn from your peers who come from different industrial backgrounds and have different experiences. Students learn much from their experiences and get to know about different economies and markets. Also, students who pursue a foreign MBA gain insights into a different economy. This helps them in looking at things from a broader perspective.
We believe now you have a good idea about how an MBA uplifts your profile and take you to your dream job. Stay connected to know more about other courses and news!