Ten ways an MBA can enhance your career
A Masters in Business Administration (MBA) qualification is recognised as one of the best degrees to help develop your management skills and get you ready for the world of business. Having an MBA to your name will show potential employers or clients that you’re serious about your profession and career.
That being said, an MBA is a big commitment and not something that should be taken lightly. If you’re prepared to put in the hard work, you’ll find an MBA to be an entirely rewarding experience.
Here are ten ways gaining an MBA qualification will benefit your career.
1. Gain skills that will enhance you professionally
In any MBA, management and leadership skills have a very important part to play. During your studies, you’ll have the chance to gain insight into what it takes to lead and how to get the best out of your team. These are skills you will rely on many times throughout your business career.
2. Enjoy higher employment rates
A recent study by the Graduate Management Admission Council found that 96 percent of responding employers agreed there was great value in hiring MBA graduates. By having such a highly regarded qualification to your name, you will become a more attractive prospect to employers.
3. Increase likelihood of promotion
A survey by the Association of MBAs (AMBA) found that 12.8 percent of respondents had occupied a senior management role when starting their MBA. After graduating, this statistic rose to around a third of participants, showing that adding an MBA to your name can help you climb the career ladder.
Having a qualification that proves you have developed the skills needed to move on to the next level of your business career means a management position is a likely option for graduates.
4. Gain a globally recognised qualification
There are 237 AMBA-accredited MBAs and similar business programs in over 49 countries which shows the global recognition an MBA qualification enjoys. About 50 percent are in Europe and the United Kingdom whilst Latin America and Asia represent 33 percent. An MBA is something you can use to your benefit all around the world.
5. Stand out for all the right reasons
As an MBA is so highly-regarded around the world, you’ll know that wherever you decide to work your resume will stand out. Having this qualification can sometimes be the deciding factor for many employers when it comes to hiring someone.
6. Meet like-minded individuals
Whilst studying your MBA, you will have plenty of chances to meet like-minded business professionals. You will be in direct contact with expert tutors and guest speakers and will also learn a lot from your fellow MBA graduates. All of this will help you to build up a network of contacts that may benefit your career in the future.
7. Experience new ways of working
With the hands-on elements that make up part of your MBA curriculum, you'll have chance to experience ways in which other businesses operate. There will also be opportunities to gain insight into how business works around the world with trips abroad.
8. Enjoy financial options that will support your career
There are plenty of financial options and scholarships available to help support you during your studies, so money shouldn’t be a worry. Being sponsored by your employer shows how much they value you as part of their team and how much they want you to succeed in your career.
9. Work in ever-changing environments
MBA courses are designed to help you understand real world scenarios that you’ll be likely to come across in your business career. You will have the chance to further expand on your knowledge and skills in order to be prepared for the world of business.
10. Improve your communication skills
Studying an MBA will help you improve on the strong communication skills you already have. By learning about business jargon, the ideas behind complex processes and being surrounded by those already familiar with business, you will find that speaking to people and explaining things will become much easier to you.
Make the most out of your MBA
Essentially, what you put into your MBA studies is what you’ll get out of it. It can be a rewarding experience studying for your MBA and the connections, skills and knowledge you’ll gain from doing so will help you throughout the rest of your career.
Adam Maidment is a writer for Manchester Metropolitan University, an institution that offers an MBA course with three specialisms; Financial Services, Digital Management, and Strategic Health and Social Care. For more information, download their free guide to studying for an MBA