Seven Compelling Reasons Why You Should Get An MBA
Earning an MBA degree is an excellent option if you want to climb up the corporate hierarchy, expand your career horizons and increase your income potential by working with reputable and expanding organizations.
The Bureau of Labor Statistics reports that business and financial operations employment will grow by 7% from 2021 to 2031, signaling an increased demand for managerial and analytical roles.
MBA graduates have the potential to transform organizations, adapt to high-level thinking and introduce business models coinciding with the rapid market changes.
When companies face difficult times or economic conditions, they need people who can provide creative solutions to unique problems. That is where MBA graduates come in. With experience and hands-on knowledge, MBA graduates help take organizations to the next level by demonstrating leadership qualities and critical thinking skills. They learn such qualities and skills during their program that equips them with the relevant resources.
The Bureau of Labor Statistics reports that business and financial operations employment will grow by 7% from 2021 to 2031, signaling an increased demand for managerial and analytical roles. With a median wage higher than $76,570, about 715,100 new job roles will open during this period. Replacement needs arising from retiring employees will lead to job openings of over 980,200 yearly during this decade.
With that in mind, let’s explore why you should get an MBA.
You’ll Accelerate Your Career
With an MBA online program, you can accelerate career growth by obtaining leadership and managerial roles that exercise control and autonomy over large groups. If your current role is in a junior position, an MBA will allow you to progress toward a senior managerial position. It comes with greater responsibility and autonomy over your work.
The interpersonal and leadership skills you gain during your program allow you to manage multiple teams and tasks simultaneously. In addition, time management and creative strategizing skills stem from learning about organizational culture and behavior during the program.
You Can Switch to a New Career Track
Many MBA aspirants enter the program in hopes of switching their career tracks. No matter their undergraduate degree, opting for an MBA typically comes from a desire to venture into new industries or sectors. Therefore, even from an engineering background, it is never too late to chase your ambitions and start working in more thriving sectors.
A general online MBA degree has more benefits than cons regarding career advancement. It lets you accelerate your career at an exponential rate. It also lets you switch your career track and shift towards new industries, markets, and even countries.
Many candidates plan to move to another country for better jobs and salaries. Getting an MBA degree lets them do that. Similarly, if you plan to start your own business, opting for an MBA in entrepreneurship will teach you all the skills and abilities needed to start a new business.
You’ll Have More Networking Opportunities
Enrolling in an MBA program hardly leads to seclusion. It helps promote communication and presentation skills and provides networking and social opportunities. You will meet several people during your program from different backgrounds. Keeping in touch with them will help you grow your network, and you can contact them whenever you need.
Building industry-wide contacts come with many benefits when you enter the business world. It especially comes in handy if you are launching your own business and need to build a team of consultants.
Enrolling in an online MBA opens avenues for reaching out to other people from across the globe for consultancy and advice. You could hire from a larger pool of talent when in a managerial position without worrying about geographical borders.
It is an Excellent Return on Your Investment
Investing your time and money in a one-year program will reap more benefits than disadvantages. Not only would you earn higher salaries than your peers without an MBA, but you would also be able to keep your options open for more opportunities.
An internationally recognized degree would help you choose your career options worldwide. Therefore, if you desire to indulge in a career that lets you travel the world, an MBA is a great option to pursue your dream career.
You Will Obtain a Holistic View of Businesses
An MBA teaches you skills, abilities, and everything you need to know about different kinds of businesses. In addition, you learn about internationally accepted business and consumer laws and rights.
Therefore, even if you are unsure of what path to choose once you graduate, you will get all the required business knowledge to make a sound decision. For example, during your program, if you have a flair for supply chain management, you can opt for a career in the supply chain after you graduate.
It is supremely beneficial to those who seek to start their own business. An MBA will equip you with a holistic business view required to start and successfully run your venture. Similarly, if you find numbers exciting and are good with money, you can focus more on that by getting an MBA in finance.
You Will Bypass Barriers to Graduate Education
Suppose you have been working for quite some time after your undergraduate. In that case, you may not need to pass standardized testing by some graduate programs like the GRE (Graduate Record Examination) to enroll in an MBA.
Therefore, entering the program without submitting your test scores allows you to get admission quicker. It also saves time for the institute in filtering the admission process.
However, you would still require your undergraduate degree and transcript to apply for an MBA program. Some institutes might even hold specific criteria or a GPA requirement. The admissions committee would be able to help you with the screening process.
You Have Lots of Flexibility
If you opt for an online MBA program, you have the freedom and flexibility to cover the material at your pace through an online degree. However, you must stay consistent and meet the required submission deadlines. Nevertheless, unlike in-person classes, you can access lectures and course material on the program portal.
It also lets you continue your studies with your full-time job. The time management skills you learn during your program will help you balance your work, personal life, and degree simultaneously.
Conclusion
A general online MBA degree has more benefits than cons regarding career advancement. It lets you accelerate your career at an exponential rate. It also lets you switch your career track and shift towards new industries, markets, and even countries.
Consider a 12-month MBA degree program as an investment for your future growth. With higher salaries and senior positions, you would be able to get your return on investment in no time. Additionally, an MBA helps you gain a holistic view of the business world and prepare for any business function you want to pursue.
Moreover, the program lets you enroll early without clearing your GRE to enter. With an online program, you could go at your own pace, manage your job, and study simultaneously.
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