Top 4 Reasons To Do An MBA
After earning a bachelor’s degree, a graduate must decide which master’s degree to pursue. And if you are in the same boat and deciding which degree to opt for to move up in your education hierarchy, this article is for you. A postgraduate degree that is highly in demand in today’s work market is a master’s degree in business administration or MBA. Even those who are already working opt for an MBA as it provides several benefits.
When you earn an MBA, you will develop an unbeatable and highly useful skillset, due to which all the employers will want to hire you. You will gain in-depth knowledge about the business world and learn about managing all the aspects of a business. And due to being in high demand, you best believe that MBA graduates enjoy higher salaries.
Here are four reasons why you should consider pursuing an MBA.
- Removes Entry Barriers Into the Corporate World:
With the corporate world flourishing, there are an increased number of jobs in the field of business, but the competition to get one of these jobs is fairly high. Thus, securing an entry-level position in the corporate sector is difficult if you only have a bachelor’s degree. That is why earning an MBA will allow you to enter the workforce easily. Also, earning an MBA is a must if you want to work in top managerial capacity. In fact, most companies have made it a rule only to hire those with a master’s in business administration. Thus, if you enroll in one of the MBA online programs at Avila University or another reputable institution, your chances of entering the corporate world accelerate, as it would indicate to the employer that you possess such knowledge and skills that will make you a good addition to their company.
- High Earning Potential:
In this economy, pursuing higher education is more like an investment decision, so you must choose your master’s degree wisely. You must do a master’s in a field with high earning potential to soon recover the costs incurred while gaining your degree. The reason MBA degrees are so popular is that MBA graduates enjoy fairly higher salaries than other graduates. You can earn twice as much with an MBA than you would with any other degree.
According to a report on Jobs and Salary by QS, the salaries of MBA graduates all around the world range from $77,200 per year to $102,100 per year on average. And the US offers MBA graduates the highest earnings at $102,100. Thus, on average, you can cover the investment made for your MBA within two to three years of graduating. However, keep in mind that some industries pay more than others; for example, in the US, the healthcare, consulting, consumer packaged foods, technology, and financial services industries are the top five highest-paying industries for MBA graduates.
- Networking and Exposure to Big Corporations:
Perhaps the biggest perk you can gain by earning a master’s in business administration is networking and exposure. When you are studying, you are being taught by expert faculty, i.e., people who are already acing it in the world of business, people who know how to get to the top of the game, and they are there to teach you to do so. Not only your faculty but some of your class fellows might also already own businesses or hold jobs. When you start your own business, you will need people to give you solid, expert advice and those who might want to provide funds and invest in your venture. You may meet all these people while studying for MBA and develop a strong network to support you. Even if you don’t want to run your own business but want to work for another company, having a strong network of professionals will come in handy.
Furthermore, during your study, you will go to company visits, career days, business trips, and other types of business networking events that will allow you to directly get in contact with the top management of big companies. You get to introduce yourself to potential recruiters. All this exposure and networking increase your chances to have a strong start to your career soon. Besides, you will also get in touch with your university’s alumni, who will now be working in the corporate world and can help you by guiding you.
- Several MBA Specializations:
The most convincing reason for earning an MBA has got to be this one. When you earn an MBA, you get to choose from a vast number of specializations. You can opt for any specialization you want, depending on your interest, the relevance of your bachelor’s degree, job growth prospects, skills, knowledge, etc. Some common MBA specializations are:
- International Business: you will learn how to align business objectives across borders. This is the best option if you want to work in a global company with offices abroad.
- Entrepreneurship: Best specialization option for you if you have a new and original idea for a startup or a business.
- General Management: Most popular MBA specialization. It equips you with all-around effective business skills.
- Finance: Perfectly suited for chief financial officers, financial controllers, and finance managers. This specialization focuses on data analytics, statistics, accounting, etc.
- Human Resources: Highly valuable for managers working in an HR capacity or generally handling a large number of employees. HR specialization lays emphasis on team development, motivation, conflict resolution, defining job responsibilities, etc.
Getting an advanced education like a master’s degree opens up many doors for you. So when you are deciding which degree to pursue a master’s in, you must consider all the benefits that come along with it. In this article, we point out several reasons for you to get an MBA degree. Getting an MBA will provide you with many benefits as you develop a strong network and skillset to tackle every challenge a company might face. In today’s job market, you can easily get a job with an MBA degree and earn a high salary depending on any of the various specializations you choose. So go on and start researching your options for an MBA.