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Choosing to study an MBA can be a daunting prospect for students looking to decide what their path in life should be. While an MBA course will require an investment of both time and money, it has the potential to transform graduates' career opportunities and progressions. The list below outlines just come of the advantages that come from studying an MBA.
#1.Stand
Out From the Crowd
Unlike a business undergraduate degree, an MBA helps to set an individual apart to the potential employer. In fact, a recent survey showed that 96% of responding employers believe that hiring business school graduates adds value to a company, with 68% stating that employing business school master's graduates was a priority for their recruitment program.
An MBA is also the right choice if you have an ambitious career progression plan, just look at the 39 CEOs of the Fortune Top 100 companies that hold MBA qualifications.
#2.Gain Access to a Valuable Network
A good masters of business administration degree course will offer its students an array of different networking opportunities, even if it is online. These range from relationships with fellow students, professors, and teaching staff. Furthermore, alumni networks can be very valuable networking tools throughout a career in business.
#3.Develop
an Advanced and Flexible Skill Set
Of course, the specific curriculum studied will differ depending upon the institution, but any reputable institution will equip those studying an MBA with some key skills such as:
●Advanced leadership and people management sills
●Product development, advertising, and sales
●Effective risk assessment and damage control, for example, how to react in a financial crisis
●Finance management
●Industry reports
●Recruitment and employee relations
●Company management
This list gives some indication as to the range of skills that you should expect to acquire from an MBA, from risk and crisis management to personal relations, sales, and corporate structures.
#4.Increase Your Potential Earnings
What attracts many to study an MBA is the high level of job security and salary that are offered to graduates. MBAs offer the highest salaries of any master's degree. The Telegraph found the average income for alumni of the top 100 MBA courses were paid an average of $142,000. This figure excludes bonuses such as company cars and health care. Here the top five industries for MBA graduate salaries:
●Consultancy
●The financial sector
●Technology
●Health care
●Consumer goods
#5.Flexible Work Schedules
Unlike many other master's programs, MBAs comes in a wide variety of forms. From full-time to part-time options, it's not hard to find a course that fits around the different demands of your daily life. Online programs are now as widely respected as the traditional alternative, but come at a much lower cost, making an MBA degree more accessible now than ever.
#6.Become an
Entrepreneur
An MBA provides students looking to start their own business with all the skills they could need that don't come from years of experience. You should get the opportunity to practice pitches, perfect business plans, design marketing campaigns, and forecast accounts. This makes the MBA the perfect course for those looking to establish a successful start-up.
#7.Global
Opportunities
An MBA is a respected qualification worldwide, meaning that no matter where a graduate wants to work, the investment they have made in their future will be recognized.
