Jagpreet
25 April, 2024
Table of Contents
“The future belongs to those who believe in the beauty of their dreams.” – Eleanor Roosevelt
The professional degree of Master of Business Administration (MBA) is known for its high level of exceptional managerial practical and theoretical knowledge, which transforms the lifestyle of its fellow students.
However, entering a reputable institute requires sleepless nights and hard work, but the struggle is beyond that. But is it all worth it?
In 2023, GMAC Reports claimed, that 92% of recruiters planned to hire MBA graduates, which indicates the importance of an MBA certificate. Meanwhile, the average salary of an MBA graduate in 2023 was around $125K in the US for a full-time job.
Image Credit: GMAC
MBA is a two-year postgraduate program. So what exactly does a student learn in those two years that give them exceptional growth? Let’s dive into it.
When a student enters into a B-School to pursue an MBA, they expose themselves to multiple alumni with the same interest, professors with insightful business knowledge and get a chance to interact with the global heads of the market.
They all become the catalyst that guides them thoroughly in their careers, and the students become aware of market fluctuations and trends.
Global Market Awareness also becomes a lifesaver for businesses during market hardships, helping them make critical decisions and forecast markets.
92% of the recruiters believe in soft skills as much as hard skills, while hiring. However, Soft skills are the ones that are ignored by many of us.
Soft skills are not your technical skills that highlight your resume but are the ones that change the whole game.
For example, you might be at a big networking event but have poor communication skills, making it difficult to connect with valuable people.
Soft skills play a major role in your professional and personal life, whether you’re from the marketing department, founder of a business, or planning to start your startup.
MBA students are involved in many networking events, connecting with peers, and participating in teamwork, and as a result, their soft skills have started to improve.
An alumni network gives you the biggest ‘unfair advantage’ while pursuing an MBA from a reputed college. Hence, 55% of people get their job through some sort of marketing. Many students got their co-founders through it, and some got jobs while studying.
Networking gives exposure from multiple perspectives. It isn’t limited to connecting within the campus but beyond the campus with different university peers too.
It creates a ripple effect among your interested parties. If you connect with one, they will help you connect with other valuable people with a mutual interest.
Every business carries a certain level of risk.
Big Business = Higher Risk
Small Business = Lower Risk
It is almost impossible to avoid business risk completely, as it’s the nature of it. Meanwhile, it’s possible to minimise risk because the fluctuation depends on your decisions while operating your organisation.
Business school provides an edge in the business environment, enabling you to face business challenges while studying. It provides numerous projects and case studies to gain practical business knowledge.
Every business usually requires a leader who can make critical business decisions in real-time, and you will learn those skills during your MBA program.
Every business requires a leader as they become the company’s backbone, whether the company has to make critical decisions or explore conflict solutions between the employees.
Forbes report claims that 90% of businesses accept that the innovative culture plays a major role in the company’s long-term success. However, 60% of the employees left their jobs due to bad experiences with direct supervisors.
As a result, the company struggles to find another employee when it needs to focus on innovation.
A leader will bridge the gap between the employee and supervisor regarding leader proficiency.
The MBA course will expose you to several assignment tasks and internship offers, where you can showcase and improve your managerial skills, which will become your strength while working in the corporate world.
As discussed earlier, an MBA refuels your professional journey with 360-degree guidance from soft to critical technical skills.
Whom does an employer hire? An employee? Nope, they hire a ‘problem solver.’
You’re working in a sales department = Solving the sales problem of business
You’re working as a content writer = Create awareness regarding the business
Every employee solves some sort of problem in the business whether they’ve graduated from a reputed MBA college or from anywhere.
Solving big problems = Higher Salary
Solving small problems = Lower Salary
Then why do employers prefer to hire employees from reputed MBA Universities?
Because of the ‘College Reputation.’
Usually, you have to face numerous challenges like entrance exams and interviews while entering the university, and after filtering, you’ll get into your prestigious business school.
It convinces the employer because you did the hustle to get admission and get insights from industry leaders. So the employer believes, you have the potential to accelerate the business performance.
Hence, an MBA will expose you to multiple critical situations, giving you the courage to increase the business’s profitability through good managerial skills and greatly impacting your career.
