Is a master’s in business administration really worthwhile for aspiring corporate professionals?

Business degrees like a master’s in business management or a master’s in business administration (MBA) have become popular in the last decade. Part of the reason is that such degrees are viewed as the shortest pathways to a successful business career.

Is this prevalent opinion true? Is an MBA worth the money and time it takes to complete it? Read ahead to know more!

How can an MBA give you a massive career advantage?

  1. Strong management skills that follow an MBA set you apart from your competition: In an era of complex job descriptions that require extensive skill sets, it is a bonus to have well-developed business and management skills. An MBA will provide you with these capabilities which can help you differentiate yourself from your competition.
  2. You can choose from a wide range of business specializations during your MBA: With business administration being a part of every industry, MBA programs have stepped up and are providing specialized managerial specializations tailored to different industries. Thus, you can choose from a wide range of MBA specializations such as strategic management or marketing.
  3. You can get access to high-quality business-oriented people and experienced mentors: An MBA program puts you in the company of like-minded people who are enthusiastic about a successful business career. You also get to interact with successful alumni and experienced mentors and tutors and learn from their management experience.
  4. MBA graduates get some of the most competitive salary packages across different industries: Most people view an MBA as a ticket to higher corporate salaries for good reason. MBA graduates are some of the most well-paid professionals in any domain.
  5. You can build the requisite skills to start your company from scratch and make your entrepreneurial journey successful: An MBA can give you all the skills you need to become a successful entrepreneur. It can train you in different aspects of running a business and devise strategies to take it forward.
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Other important advantages include:

  1. An MBA can help you switch career domains at any point in your professional life
  2. An MBA from a foreign university can be an excellent pathway to gaining a global perspective
  3. The challenging curriculum of an MBA can prepare you to handle crises with confidence
  4. You can choose an MBA format that suits your learning needs, budget, and schedule
  5.  An MBA can be the perfect pre-cursor for postgraduate levels management studies such as a Ph.D. or a DBA

Frequently asked questions

Question 1: What kind of management skills can you gain from an MBA programme?

  1. Managerial and business administration skills
  2. Capability to handle large and small teams
  3. Strong project management skills
  4. Strong communication skills and empathy
  5. Leadership and mentorship skills
  6. Problem-solving and critical-thinking skills
  7. Crisis management and negotiation skills

Question 2: What kind of career prospects can you expect as an MBA graduate?

  1. Sales manager
  2. Marketing Consultant
  3. Business development manager
  4. Operations Manager
  5. Supply chain manager
  6. SEO manager
  7. Director of human resources
  8. Policy manager