9 Career Benefits of an MBA Degree
August 30, 2019 | Blog
9 Career Benefits of an MBA Degree
If you want to get on to the career fastrack, an MBA degree is the way to go. MBA is not just about being good at the professional front, you also develop a lot on the personal front. No wonder most key positions in the best companies in the world are mostly held by MBA graduates. There are many career benefits that come along with an MBA degree, here 9 strong benefits that will convince you about doing an MBA.
Key Career Benefits of an MBA degree
According to a 2016 study, MBA graduates get offered better job. They are offered jobs that are administrative or managerial in nature. Even employers first look at MBA candidates in the job market before choosing anyone else. Better job opportunities is the foremost benefit of an MBA.
New Career Paths
Depending on the specializations you choose, an MBA opens many career paths for you. Many degrees, especially postgraduate degrees, lead people only to a particular path, but that is not the case with an MBA. Your career gets a boost and new opportunities arise that can lead to a successful and satisfying career.
Communication Skills Develop
A lot of emphasis is placed on having good communication skills in an MBA, and rightly so. Communication is the key to everything in an organization. Therefore, in your MBA, you will be taught how to be a good communicator, and how to establish good communication in an organizational structure. This skill will also benefit you in your personal life.
Earning Potential Increases
Why do we all work? Money, of course. Yes, there are other reasons as well like creative satisfaction, success, etc. But money still is one of the biggest motivating factors. Here is an interesting statistic. Studies suggest that MBA graduates earn 50 to 80% more than what they would have earned with just a bachelor’s degrees. Plus, with promotions, benefits and appraisals, MBA graduates end up with excellent salary packages.
Job markets can be quite volatile for most, but not for MBA graduates. Even when industries are unstable, their jobs are more secure than other employees. And even if you do quit, the skills you acquire with an MBA make your more marketable, so finding another better job is easier.
Most successful people have great soft skills, and this one of the best benefits of an MBA. Skills like leadership, teamwork, communication, decisiveness, etc. are honed in an MBA program. Once graduated, you will know a lot about starting and running a successful business thanks to great soft skills learnt during your MBA degree.
Stronger Professional Network
As an MBA graduate, you are encouraged to build a network of contacts from various professional fields. This results in more business, better job opportunities, and connections with like-minded people. You actually make really good friends in your professional network.
An MBA teaches you to be more knowledgeable about your field of interest. In fact, you are also encouraged to have working knowledge about other important field related to your business. More knowledge leads to better decision-making and eventually to a successful career.
Likelier to Succeed
Most of the Fortune 500 companies today are lead by MBA graduates, which strongly suggests that MBA graduates are more likely to succeed and do well in professional and personal life.
MBA has many professional and personal benefits that will make you a better professional. Therefore, if you have decided to do an MBA, you are already giving yourself the best chance to succeed.