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This
is where the MBA becomes a tool to be utilised in building up existing
competencies - the theory learned can be utilised 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 school 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 and 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 |
This blog is all about MBA & CAT info, preparation, tips, strategies and study material.
9 Aug 2012
Why an MBA?
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