Ten reasons to study for an MBA
An MBA is a highly recognised and respected qualification. However, there’s no denying that it requires a lot of hard work. The advantages to achieving an MBA far outweigh the effort though, as this week’s blog explains…
1. Acquire new skills and new perspectives
The main motive for undertaking any education is the desire to learn something new. And an MBA is no different. Although the programme is aimed at working professionals with significant business experience, there will still be lots of new things to learn. The MBA programme looks at the whole field of business and explores management, marketing, finance, HR, operations and more. An MBA teaches students the best practice in each of these areas.
2. Advance your career
An MBA qualification on your CV/résumé gives you the edge you need to separate yourself from the competition. According to the latest figures, “96% of responding employers agree that hiring business school graduates creates value for their companies and 68% agree that recruiting graduates of MBA and business master’s programs is a priority in their company’s hiring plans.”1 Earning an MBA signifies your desire to move up the career ladder and can help you secure interviews for top positions.
3. Increase your earning potential
According to a recent article in The Telegraph, business school alumni from the top 100 MBA courses (as defined by the FT’s ranking) were paid an average of $142,000 in 2016*. This is in addition to other benefits sometimes available to those in higher management such as performance bonuses, a company car and healthcare.
4. Open up global employment opportunities
The MBA is a globally-recognised qualification so you’ll open up greater opportunities to work in a country or geographical region of your choice.
5. Set yourself a new challenge
Studying an MBA isn’t always about career progression; many of our students have simply reached the pinnacle of their career and want a personal challenge or they wish to fulfil an ambition of achieving a degree. After all, the MBA is considered the most challenging management qualification.
6. Keep up with the competition
39 CEOs of the Fortune Top 100 companies hold an MBA3. In today’s job market, it’s getting harder and harder to move up without a higher-level qualification. Completing an MBA will make sure that you have the credentials required to compete.
7. Grow your professional network
MBA programmes attract talented people from different industries, from all over the world. You’ll be able to learn from your classmates, share ideas, create professional networks and make friendships that last well beyond the academic experience. You’ll also learn from your peers and gain insight into different industries.
8. Become your own boss
If you’re a budding entrepreneur, an MBA can help you reach your goals. During your studies you’ll gain the administration and leadership skills to setup your own business; this can include learning to write a business plan, plan a marketing campaign, forecast accounts and schedule production.
9. Refocus your career
In high-level managerial roles there often isn’t time to reflect on your performance. An MBA can give you time out to refocus your career and could reignite your passion for business. Or if you’re beginning to feel stuck in your current role, an MBA is a great way to explore new horizons.
10. Studying for an MBA is easier now than ever
MBA programmes come in all shapes and sizes – you can study full-time, part-time, online and by blended learning. Advancements in technology have made distance learning more interactive than ever, so if you chose to study online you’ll get still get all the benefits you’d expect to receive from a campus-based programme. And best of all, with a part-time and online MBA you don’t have to take time off from work!
Feeling inspired to study an MBA?