Why MBA? Top 20 Reasons to do an MBA in 2021 | IIBS B-School Bangalore

Posted by Prof. Anil Kumar On 14/09/2021 06:47:16

Why MBA? Top 20 Reasons to do an MBA in 2021

MBA students demonstrate a commitment to acquiring, honing, and applying skills that can aid a business in its success. Additionally, MBA holders have a greater sense of confidence in their marketability and the wealth of knowledge they can bring to various endeavours. These are only a few of the benefits of pursuing an MBA.

1. INCREASED CONSCIENCE OF A GLOBAL MARKET

Earning an MBA connects you with students from all over the world who bring a variety of work experiences and perspectives on the global economy. Along with learning from professors, MBA students can broaden their horizons by exploring other industries in the United States and abroad.

2. ENHANCEMENT OF COMMUNICATION SKILLS

Effective communication is a fundamental skill that professionals must possess in order to succeed. While communication is a "soft skill" in comparison to "hard skills" like developing a P&L model, it is no less valuable. An MBA can help you hone your verbal and written communication skills, enabling you to effectively communicate concepts to individuals at various levels within an organisation, ensuring that everyone is able to work cooperatively toward a common goal.

3. EXPAND YOUR NETWORK OF PROFESSIONALS

Earning an MBA connects you to a global network of nearly 100,000 alumni, allowing you to connect with respected and intelligent professionals you might not have met otherwise. Apart from being a part of a larger community, you'll have the opportunity to network with other professionals both in and out of the classroom.

4. INCREASED OPPORTUNITIES FOR WORK

An advanced degree can help an applicant stand out in a highly competitive job market. An MBA can be beneficial in any industry, from energy to consumer products to start-ups. Employers typically seek to hire or promote an MBA candidate because they possess marketing and financial skills that other members of the organisation may lack. This enables them to jump-start various initiatives and assist their organisation in increasing profits.

5. MORE EFFECTIVE TIME MANAGEMENT

Earning an MBA entails juggling extracurricular activities in addition to a demanding course load — not to mention other personal and professional endeavours. Obtaining an MBA can assist you in managing your time effectively, which is not only a desirable skill for employers but also a valuable life skill.

6. DEVELOPMENT OF PERSONALITY

An MBA contributes to overall personality development by providing subject knowledge and soft skills. After earning an MBA, a graduate almost transforms into a new person with a new perspective on life and the business world. Thus, an MBA programme provides the ideal environment for the development of your overall personality.

7. INCREASED COMPENSATION PACKAGES

The majority of employer’s value Masters of Business Administration graduates and typically offer them a higher salary to attract them.

8. MBA FOR SELF-SUFFICIENCY

To become an entrepreneur, you'll need experience in your chosen field and financial backing, among other things. Your ability to obtain seed capital for a new business significantly improves if you have earned an MBA from one of the country's top B-schools. Additionally, you get to interact with some of the country's brightest minds, which allows you to brainstorm your ideas and gain a better handle on things.

Consider which position you would prefer – that of one-in-a-hundred graduates employed by a company or that of the one who oversees their performance. Allow us to state that an MBA provides unquestionably greater recognition, networking opportunities, and credibility.

9. MBA FOR INCREASED JOB OPPORTUNITIES:

The sheer variety of jobs available, the level of responsibility and ownership you receive as an MBA make it worthwhile. You can specialise in a variety of fields such as marketing, advertising, finance, strategy, and consulting. As an MBA, the challenges are significantly greater, as are the rewards for success.

10 TO CONDUCT RESEARCH INTO NEW INDUSTRIES OR FUNCTIONS

If you're considering a career change, an MBA may help you approach the situation with fresh eyes. Business school is an excellent opportunity to network with peers, faculty, and alumni from a variety of professional backgrounds — as well as to engage in-class projects and case studies that delve deeply into various industries and sectors.

Other few reasons are:

11. TO START BUSINESS / LEARN ENTREPRENEURIAL SKILLS

12. TO LEARN MANAGEMENT SKILLS

13. TO NETWORK WITH NEW PEOPLE 

14. TO SEEK PROMOTION IN THE EXISTING JOB

15. LIVE BETTER LIFE BY IDENTIFYING PASSION AS A CAREER. 

16. TRAVEL WORLD AND INTERNATIONAL CAREER

17. TO FRAME VISION FOR LIFE

18. TO EARN BETTER INCOME

19. TO CONTRIBUTE TO SOCIETY AND NATION WITH BUSINESS SKILLS

20. TO TRANSFORM 

 

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