ITM University

8 Ways An MBA Degree Can Provide A Career Upgrade

Viral Patel

5 min
8 Ways An MBA Degree Can Provide A Career Upgrade



Introduction
Master Of Business Administration or MBA is the degree many corporate employees dream of having. However, before enrolling in an MBA, different questions pop up in our minds. The most important of which is- "How will an MBA add value to my career?" What is the main reason for completing ,MBA courses? Is MBA For Me? And probably a dozen more doubts and queries.

Today, in this article, let's observe the 8 Ways An MBA Degree Can Provide A Career Upgrade. 8 Ways An MBA Degree Can Provide A Career Upgrade

Studying an MBA will enrich your corporate skills and niche-specific knowledge and help you incorporate plenty of skills like professional management skills. Ever wondered why MBAs are paid such high salaries?
For their expertise and deep knowledge of their domain that they acquire during the two years of MBA.
Indeed, MBA courses require hard work, time, and effort, but it pays off when you get your MBA degree and get a high salary package.

Here are 8 ways an MBA will add value to your career.

1. New & Safer Job Positions

Getting a more professional degree like an MBA dramatically boosts the job opportunities coming your way. As per the 2016 survey by Economist, most employers are accommodating to appoint an MBA. Further, more than 92% of employers are increasing the interpretership of MBAs.

Nowadays, jobs are not stable; you may fear losing your job owing to high competition levels. However, MBA jobs are a lot more secure. Besides, MBAs are the best executives; the employees who work for companies know the absolute job security of company executives.

2. Your Earning Potential Will Be Enhanced

According to current research, the earning potential of a fresh MBA graduate has been enhanced by 50% within the past few years. Also, the salary increases massively after you gain some years of experience; the hike was as high as 80%. Though, with higher payouts, responsibility will also arise.

Similarly, entry-level jobs for MBA graduates also offer huge salaries.

3. A Robust Professional Network A strong professional network is always a sign of a successful person. Moreover, the right networking is essential for growing business and reputation among other employees and employers today. A strong network is an asset that pays off job opportunities, loyalty, monopoly, and trust.

A survey by the Graduate Management Admission Council (GMAC) shows that 89% of current MBA graduates stated that attending the business school helped develop a solid professional network.

4. MBA Will Boost Your Personality Confidence comes when you understand what you are talking about. By completing MBA courses, you will have more high confidence, an interactive personality, top-notch management, and excellent leadership skills.

5. Start Your Own Company From Scratch

For those willing to become an entrepreneur, there is nothing better than enrolling in an MBA course.

Professors in MBA are professional business managers; they perfectly know the specific techniques to overcome hurdles and run a business organization smoother. They also know the techniques to grow a business. During your MBA, you will learn the A-Z of starting your own business and scaling it to success.

Additionally, you will find people with similar interests across your MBA journey; they may share ideas and help you to crack your dream. Furthermore, MBA courses may assist in developing a team with the same goal, and a team is always better than an individual.

6. Your Leadership Quality Will Be Enhanced

MBAs are the best leaders. Leadership is the major motive behind the success of any business. When you have accomplished MBA courses, your leadership quality will pay off in terms of money. When you intend to become an entrepreneur, an MBA can help you get leadership qualities.

7. Builds A Strategic Thinking Approach

MBA courses train you to think strategically and provide effective business solutions, no matter the situation. Throughout MBA courses, you would study diverse loophole identification strategies and expand business control, management, and superior decision-making capabilities.
An MBA degree could prepare you to analyze the troubles and then offer real-time solutions which would assist you in conquering the most critical challenges in your professional life.

Being a senior management professional might require you to provide quick and powerful enterprise solutions. An MBA might be the ideal path to equip yourself with those abilities and capabilities. Additionally, you'll study building and keeping numerous precious partnerships and enterprise associations at some stage in your MBA courses which might be somewhat valuable for your professional growth.

8. You Can Unlock More Career Paths

Most students wonder, “Will MBA courses pay off?”
Well, sure they do if you make the best out of it.

1. Become A Teacher:

With an MBA degree, you may apply to become a teacher to teach your subject of interest in schools, NGOs, etc.

2. Contact Your Alumni Network:

As many different MBA graduates have stated, the alumni network is one of the best blessings. Funding effort and time to preserve one's relationships will pay off through mastering possible career and business possibilities.

3. Apply For Conferences:

Being a professional MBA, you can apply and participate in conferences, and it also pays off by providing your industry networks and recognition.

4. Learn More Skills:

There is a lot more left to earn in this world, and you may also master core business and entrepreneurship skills and build your personality ready for the corporate world.

5. Explore More Career Options:

Career options nowadays are as diverse as ever, and you could pursue a profession in all varieties of disciplines along with authorities, Healthcare, or data Analytics to call. Technology-related fields, specifically, will hold developing and searching out new talents.

Is MBA's Demand Decreasing?

As more companies and startups enter the economy, the need for MBA graduates is also increasing at a high pace and will continue to rise in the upcoming years. In a nutshell, there are no signs of a fall in the demand for MBA professionals.

Furthermore, in India, one can earn up to 3-9 crores per annum with an MBA degree.

Eligibility For Doing MBA

Full-time MBA eligibility standards are as follows:

  • The primary eligibility criteria for enrolling into a full-time MBA program is a bachelor’s degree or its equivalent from an accredited institution.
  • Most institutes in India requires a minimum score of 50 per cent or above in graduation.
  • For Reserved class students, the minimum score is 45 per cent in combination.
  • Final-year graduation applicants also are eligible to apply for MBA, provided they present the proof of completion of graduation degree in the duration specific to the institute.
  • CA/CS/ICWAI professionals can also enroll into an MBA.

Takeaway

Indeed, MBA courses are hard to acquire, but they have more privileges after the accomplishment. For doing an MBA, you may incline toward ITM University. With an excellent reputation in the teaching market, ITM University has 30 years experienced stepping with a lot of successful stories.

Becoming a member of ITM university will be an eye-opener. The fun-stuffed surroundings will stimulate you to work with integrity, self-assurance and excellence. ITM university not only presents one with intensive understanding but also with special training, hands-on experience, expert abilities and confidence to excel in this challenging business.