Accredited MBA courses and business schools seek to prepare students for senior management roles in business. They do this by exposing you to all areas of business including accounting, finance, marketing, and human resources. Unlike other Masters programmes which provide further specialization in a specific field, an MBA is interdisciplinary drawing from the fields of psychology, sociology, economics, accounting and finance.
Even if you study for a part-time executive MBA in India, fees are expensive and an extraordinary degree of self-discipline is required, not to mention a sympathetic family to boot.
An MBA can open up new avenues and provide you with new skills in the workplace. MBAs are primarily for those seeking to switch careers (typically into finance or consulting roles) or for progression within an already established career.
Youíll be receiving tuition from some great business minds. Some will be part of your faculty and others specially invited to share their wealth of experience and knowledge with you. Your tutors and guest speakers are likely to be key personalities in their field and will bring with them a network of contacts for you to utilise. If you use this opportunity itís likely that youíll gain some sort of step up within your chosen field.
Here are the top 5 reasons for which it is worth it to start studying a master in business administration.
1. Higher salary
The average salary for an MBA graduate is considerably higher than that of an employee with a regular master qualification.
2. Better career opportunities
This advantage of an MBA degree goes hand in hand with the first one and it is actually the cause of the first one. Graduates of an MBA programme have, due to their qualification, higher chances of obtaining and holding a high-level management position.
3. Better consolidated business network
As an MBA student, you have great networking opportunities. Through this type of study you get to know and interact in a relevant manner with colleagues, professors and teaching staff.
4. New skill and knowledge acquisition
You may think it sounds trivial and may say to yourself isnít that what any study programme is supposed to do?. Yes, it is, but an MBA education is usually pursued in a very specific situation by a young professional with a few (2,3 or more) years of experience and sometimes even by senior employees that feel up for the challenge.
5. A holistic perspective on the business world
As mentioned before, through studying an MBA course in India you become part of a great network of professionals and companies and you constantly challenge yourself with the newest problem-solving. These things together give you a great overview of the business world, a deep understanding and certain receptiveness to the slight changes of this environment.
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