Earning a business degree or an MBA can benefit you in varied ways. These benefits will not only enhance your career prospects and professional goals but will also impact your non-working life. Some of the benefits of pursuing an MBA degree are:
- Strategic thinking – this skill enables one to think outside-the-box and weigh multiple options or solutions while working on a problem
- Transferable Skills – many of the hard and soft skills such as critical and analytical thinking, creativity, time management and communication you gain during your MBA are applicable across many industries regardless of positions
- Increased Self-confidence - the feeling of accomplishment one gains from earning this degree can improve one’s confidence as they make their way through life
- Credibility – the MBA degree is one way to establish credibility. Other ways could be by working on projects that stretches you beyond your comfort zone and shows off your talents
- Broader Worldview – an MBA increases your exposure to diverse perspectives on global, social, and business issues. It helps you address real-world business challenges and enables you to see how organizations operate as a whole
- Networking – during the course of your MBA, you come into contact with faculty, fellow students, alumni, industry speakers to add to your existing network of colleagues. This helps you in exchange of ideas thereby increasing visibility, helping others, opening doors to new opportunities, becoming a resource to you and as well as influencing others
- Job opportunities and a Re-energized Career – this degree can be a powerful differentiator.
Careers can at times get stuck and earning an MBA degree can re-energize your career or help you uncover new ones. It can also increase your earning potential.
During the course of your Business Management degree you will be exposed to varied Management courses. Courses will be in core areas of Management include Strategic Management, Finance, Accounting, Economics, International Business, Human Resource Management, Business Analytics, Marketing, Production Operations Management, Entrepreneurship and Information Technology. Additionally students will be specialising in one of these areas in their second year.
These courses will prepare students for jobs as Customer service associate, Sales associates, Administrative assistant, Relationship banker, Bookkeeping, accounting and auditing clerks, Business analysts, Account managers, Financial analysts, Marketing managers, Sales managers, Project managers, Human Resource managers, Retail managers and Construction managers to name a few. Here is how specialisations prepare you for the future:
- General Management – is great for developing an all-round effective business arsenal and will enable you to succeed in a very versatile business environment
- International Business – prepares you to work abroad, or work in a global company with offices in different locations. As businesses grow and become global they look to hire students with this specialisation
- Accounting and Finance – great for students looking to work in the financial sector as relationship managers in banks, financial analysts, account managers, portfolio managers to name a few
- Marketing – students focussing on working as sales managers, retail managers, marketing managers would benefit from specialising in marketing
- Entrepreneurship – students working in family businesses or looking to expand the family business should consider this major. This would be best for students looking to start their own ventures
- Operations Management – Ideal for managers in charge of optimising production processes. Production managers, transportation managers, supply chain managers and even for students looking for jobs in the aviation industry
- IT Management – Prepares students to work in the IT department which is an essential part of every business. Students will be trained to work as data analysts, IT Managers and designing the IT infrastructure needed for a business
- Human Resources – Great to learn for managers in charge of HR teams or working with employees. This area focuses on conflict resolution, team development, motivation, defining job responsibilities, recruitment, talent management and much more. Students specialising in this area can be employed as HR managers, recruitment consultants, HR analysts, training specialists to name a few
Pursuing an MBA is a good investment in oneself. The personal and professional development that takes place during the course of the degree enables students to accelerate their career, as well as prepares themselves to lead organizations. It can provide you the chance to look inside yourself and determine how you can hone your skills and abilities to pursue your passions and make your career goals a reality.