Answer Posted / pritesh solanki
Why An MBA?
The MBA qualification broadens and enhances knowledge and
should be viewed in a sense of building up skills. Although
the most popular reasons for undertaking the MBA is to
increase salary, other reasons include widening career
opportunities, furthering one’s career and/or to extend
personal networks.
There are other equally important reasons that any
prospective MBA student will state, but by far the most
compelling is to create career opportunities for oneself.
The challenges imposed by the 21st century have made it an
essential component that we upgrade skills and
qualifications in order to meet the demands set by
companies, customers and the environment we operate within.
This is where the MBA becomes a tool to be utilized in
building up existing competencies - the theory learned can
be utilized to find plausible solutions to concurrent
business issues. At the end of an MBA programme, one emerges
with an upper level of functional managerial and business
issues as well as new conceptual skills ready to meet the
demands that are set by the competitiveness around us.
With an MBA, you can: -
• Advance Your Career
Whether you're a doctor, an engineer, or an editor for your
local newspaper, a graduate business degree can prepare you
to move into a managerial position within your field.
• Change Your Career
If your current career path is a less than perfect fit for
your aptitudes and interests, business schools can give you
the opportunity to explore your options, then provide you
with the training you need to change careers entirely.
• Set-up Your Own Business
Interested in starting your own business, but not sure that
you have the necessary expertise to launch a start-up in a
high-growth industry? An MBA can prepare you to do
everything from writing a business plan to acquiring venture
capital to launching an IPO. Research has shown that the
failure rate for small businesses started by an MBA is about
50 percent less than the standard failure rate.
• Develop Technical Skill & Business Knowledge
Can you advance to a managerial position or launch your own
business without the benefit of a graduate degree in
business? Yes. There is much to be learned from on-the-job
training and employers certainly value work experience.
However, an MBA programme will put you on the fast-track to
career advancement by offering you the chance to develop a
wide range of general business knowledge and a broad base of
technical skill in a relatively short period of time.
• Become a Leader in an Emerging Field
• Innovative education can lead to an exciting career in a
newly emerging field, such as brand management, information
technology, e-commerce, or mobile telecommunications.
• Network
Networking is another key benefit. Business school teaching
styles encourage teamwork and, over the course of an MBA
programme, you'll develop important relationships that can
serve you well throughout your business career. And no
matter the school, you can often get plugged into a network
of alumni working at a wide range of companies. This is
useful for professional contacts.
Although the degree is considered the pathway to a
successful career, it still does not guarantee a flood of
job offers, but when one considers the positive options, it
far outweighs the negative issues. It is a costly course and
the time constraints that are associated with the study load
are legendary. That’s why, in some circles, it has been
termed “Married, but away”.
Approach the studies with an open mindset and let your
intentions be to develop yourself to your full capacity.
Accept the programme as a challenge, set your personal as
well as career objectives and, most importantly, utilise the
Masters of Business Administration degree to close gaps that
may exist within your skills and qualifications, so that you
can facilitate and expedite your management career.
| Is This Answer Correct ? | 49 Yes | 14 No |
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