MBA! Whenever a recently graduated student comes across this word, a very common question arises in their mind that whether they should go for an MBA degree or not. Well, owing to this lack of information among the youngsters, here I present the top 10 reasons to do an MBA.
Reason #1: Personality Development
In today’s globalized corporate world, theoretical knowledge is insufficient. By enrolling in an MBA program, a student is rigorously trained for communication skills, leadership skills, presentation skills, and business etiquette which helps him in career growth.
Reason #2: Better Job Prospects
After college, the next step is a job. And, according to some credible sources, many companies hire only MBA. Therefore, having an MBA degree will open up the doors for such good companies.
Reason #3: Career Growth
Having a management degree is advantageous when being considered for promotion and higher positions in the corporate structure. The lack of an MBA degree can lead to deserving people remaining unnoticed.
Reason #4: Jack of All
Being an engineering graduate or a CA you are restricted to a particular area or industries but with an MBA degree, you become the Jack of all. You will be a highly sought-after candidate by all kinds of companies.
Reason #5: Entrepreneurial Ability
By doing a Master in Business Administration, you will also develop your entrepreneurial skills. It will help you start your own business, equip you to take calculated risks, and fulfill your dreams. Nowadays, companies also look for people who possess good entrepreneurial skills and give them strategic roles in the company.
Reason #6: Helps in growing your family business
With this management degree, you will also develop strategic management skills, team-building skills, marketing skills, and product development skills. These skills will help you grow your family business in terms of adding more products, gaining a better response from the market, and commendable management of customers and suppliers.
Reason #7: Global Scope
Having a management degree will also open up your career prospects in International Markets. During the course of your MBA degree, you are taught about International Business, International Financial Management, and International marketing subjects, which helps you understand the working of International Markets, which, in turn, increases your job prospects.
Reason #8: Technical Skills
Along with the managerial skills an MBA also is trained in Technical Skills. An MBA curriculum covers knowledge of Productivity software like MS Office along with the Enterprise systems like CRM, SAP, SCM, etc. An MBA student is also given training for Data analytics software like SPSS, Advanced Excel, etc.
Reason #9: Higher Social Prestige
Society matters now, doesn’t it? An MBA holder is generally subjected to higher social prestige and let’s not forget about the amazing job prospects.
Reason #10: Higher Salaries
However, talent and capabilities take a person higher on the corporate ladder but it is also observed that an MBA is paid higher even from the starting package.
These reasons are valid when a person obtains an MBA degree from a good institute that provides a good learning atmosphere, well qualified and experienced faculties, has industrial tie-ups, and an active placement cell.
Dr. Avnish Vijay
Associate Professor
Poddar Management and Technical Campus, Jaipur
PMTC is one of the top B-schools of Rajasthan as ranked by Business Today, Time of India Survey, ASSOCHAM New Delhi. The institute is approved by AICTE and affiliated to Rajasthan Technical University, Kota. The students here are well placed in top companies like Infosys, Alibaba, Deutsche Bank, HSBC Bank, ITC Hotels, Axis Bank, ICICI, etc.