You've probably seen plenty of online content espousing the perks of an advanced business degree. Aside from being a common career step, MBA graduates often have an excellent ROI, largely because they thrive in career advancement. Here are some of the benefits that await today's Master of Business Administration (MBA) program graduates.
Can you see yourself enjoying these advantages?
- Deepen your knowledge of organizational behavior and managerial response
If you have worked only in one industry, or your understanding of business is limited to a single tier of an organization, an MBA degree could give you greater exposure to all the working parts of a business. From the entry-level customer representatives to the C-suite executives making important decisions, you'll get an idea of how each position fits into the whole. From there, you will be better positioned to address issues and lead in a way that supports the overall business structure.
- Expand your understanding of marketing management within cross-functional and marketing-oriented organizations
Even if you never worked in marketing before, you will develop the skills to oversee and manage large-scale marketing campaigns. An MBA program can equip you with the essentials to work with other departments over multi-season goals and use new technology and platforms to achieve modern marketing goals. By choosing additional electives, you can learn how data analytics drives today's marketing professionals and why consumer behavior matters.
- Understand how to incorporate information systems for managerial decision-making and use complex technology for organizational support
Do you consider yourself a techie? If not, you will be relieved to know that an MBA program equips students with the technology skills needed to lead, manage and make the important calls in a changing business environment. From data systems analysis to project management, you will go deeper into your IT team's experience so you can better support their goals and keep your company updated with the best solutions.
- Increase your comprehension of the fundamentals of economic and financial management
Economics are important, yet many business leaders do not understand the role they play in a modern business. An MBA will give you an economics background and help you learn accounting basics, statistics, and commerce law. Knowing more about these essential principles will give you an advantage when seeking management opportunities.
- Integrate all aspects of your MBA program while demonstrating the managerial role in policy formulation and strategic development
Finally, it's not enough to learn new tools without knowing how to apply them. After learning in the classroom, you'll go through practice situations to help you determine what skills to implement for various problems. A knowledge of prioritization and integration of coursework goals will follow. You'll also see how your classroom experience can play out in the business world in meaningful ways
Jobs for MBA holders
While those with an advanced degree will do well in a variety of positions, some types of jobs specifically prioritize MBA graduates. Professionals with advanced business degrees commonly go on to pursue the following positions:
- Financial Advisor
- Portfolio Manager
- Business Analyst
- Chief Financial Officer
- Director of Marketing
- Business Operations Manager
- Management Consultant
- Chief Information Officer
You may also choose to use the tools you acquire in an MBA program to start your own thriving business.
What to Do Next?
Answering "yes" to any of these is enough to consider exploring an MBA program:
- Do you want to transition into a new industry?
- Are you hoping to develop confidence in your skills?
- Have you been told that an MBA is the only way forward in your chosen career path?
- Are you a self-starter who lacks an essential business background, such as economics?
Getting an MBA degree is a big step — one that you should only take if you are serious about excelling and committed to the hard work involved. You can start your advanced degree anytime, and you can complete an online MBA program in as few as 12 months.
Sources:CNBC: Suzy Welch: These Are the Only 4 Reasons to Get an MBA Right Now
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