One of the most coveted and sought after post-graduate degrees which can give wings to your career is an MBA degree. During the two years of the management program in the B-school, a candidate is taught a lot about the business world and is also imparted with the skills required to make it big in his/her career. An MBA degree is your gateway to step into the managerial and decision making roles in an organization. This privilege is endowed upon you because you have burnt the midnight oil during the last two years in the management school understanding how the business world operates. Thus, choosing an MBA degree can help you in ways more than what you have thought or probably read in the books.
The following reasons will further clarify how an MBA degree helps if you choose it as a career goal:
- Developing managerial skills: Management is an art of managing people to get things done. Who says that the manager has to work on the shop floor or run the marketing campaign on his own? All that you need to do is to do smart work along with hard work. MBA degree helps you to acquire such robust skills so that:
- You can provide solutions during financial or technical crisis
- Develop strategies for promoting and branding the product
- Build strategic relationships for successful collaboration
- Hire talented youth for your brand
- Collect and analyze data for future reference
- Choosing your role wisely: MBA degree is not just about understanding Finance, Marketing, HR, Operations etc. It is about what interests you and which role you see yourself in 10 years down the line. Some of the examples of the roles are cited below:
- Marketing: It’s a vast line which begins with the idea of a new product and goes up to positioning it in the market. The numerous roles like product development office, brand manager, marketing manager or Chief Marketing Officer are the roles offered in this area.
- Finance: If balance sheets and profit& loss accounts don’t give you nightmares, choosing finance as your area of specialization to enter banks or non-banking financial institutions or corporate houses on the roles of a financial officer or analyst and going up to Chief Financial Officer is a good bet.
- Human Resources: If you are a people’s person go ahead and take this specialization and start with recruitment, training, conflict management, etc in the organization.
- General Management: This field encapsulates the overall management of the company and involves taking important decisions for its holistic growth.
- Entrepreneurship: If you wish to start your venture, go for specializing in entrepreneurship and register your name in the minds of the people in the most immaculate and innovative ways.
- Enhancing business network: Liaisoning is one of the important tasks of a manager and an MBA degree teaches you that you have to work as a team and build upon relationships with the clients and business providers so that capitalizing on the same is never a challenge. Once you enter the corporate world, the necessity to liaison is felt at every step and an MBA degree thus helps at such times.
- Channelizing thought process: You might have brilliant ideas popping up in your mind but without a directed and channelized approach your ideas will go in vain. An MBA degree goes from the germination of an idea to its applicability by helping you to think strategically from the business and customer viewpoint together.
- Understanding the business: To be able to make it big in the role you have been offered you need to understand the fundamentals of the business and an MBA degree helps to understand how business works amidst competition and dynamism in the environment.
- Ensuring career growth: If there is an opening for the position of a marketing officer and the selection is to be made between an MBA degree holder and a graduate in marketing, needless to say, the person with an MBA degree will grab the role. The hefty paychecks and the recognition associated with this degree is second to none and it helps in enhancing your quality of life.
- Acquiring knowledge: When you go through the case studies of the big business houses or interact with high-profile industry stalwarts during guest lectures during an MBA program you get to know the ground realities and this adds to your bag of knowledge. Merely reading about leadership, motivation or team building might not help but when you hear live experiences, this is sure to leave an impact.
An MBA degree places you in a better position in the organization and helps you realize your dreams of becoming rich and famous! Choose your area of specialization wisely and embrace the position you have always dreamt of being in.