2 years into his first job with an MNC, Shekhar realised he needed to complete his masters to deal with the increasing demands of his field and make it big in the company. His role in retail operations at that point not only required domain specific knowledge but also people management skills. Shekar went on to do an MBA in operations and found even better offers that were not just high paying but quite challenging as well.
Sounds familiar? Well, we are not surprised. MBA has been the preferred choice for masters for a lot of professionals in India. While this has become quite a trend, you might still be asking if it is right for you.
Doing an MBA will boost your career in multiple ways and open up new avenues. In fact, most companies prefer candidates with an MBA degree for the managerial positions. We have listed down ways in which an MBA can help your career prospects:
1. Acquire Management Skills:
MBA programs help students to scale up their existing skills and understand the wonder scopes of application. Additionally, these programs give students the chance to develop advanced management skills that are required in higher positions. Most programs offer industry insights that prepare professionals for real world scenarios. Eventually, they become seasoned to handle critical business requirements with the same flair as they do with business as usual. Management courses include communication training, leadership training, stress management, networking training, agile work training and more. By the time you complete your degree you will end up being adequately equipped to handle all kinds of pressure at the workplace and excel.
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2. Higher Salary package:
MBA graduates are among the best paid in any industry even now. Getting an MBA degree will increase your chances of employment by top companies in the industry with the best packages. However, that is not without reason – the skills that you pick up during your management program are crucial for most businesses and your role in the company will often involve business decision making to help the company make profits and grow. MBA professionals are assets for companies and hence they make sure to compensate them well.
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3. Active Networking:
Students who pursue management degrees have a wider scope of business networking. In fact, they are often able to grab offers even before the program ends. Many universities have regular alumni and business meets which allow students to interact with professionals with industry experience and understand their scope in comparison. MBA programs often come with mandatory internships which is also an excellent opportunity for students to network and secure a job in their favourite company. This access to a wider network of business acquaintances will help you land your dream job.
4. Exciting Offers:
MBA will hone your skills to not just grab the best offers of your industry but also to become an entrepreneur. Students can start their own businesses after completing their education. An MBA degree will also improve your chances of getting investors for your business ideas. You can start and grow your business from scratch and create opportunities for others in the industry.
5. International Expose
MBA degrees are highly recognised worldwide. Students from top universities often bag placement offers from international clients. Professionals with MBA even have higher chances of travelling internationally to meet business teams, and stakeholders. MBA graduates get an international exposure that by large, remains unmatched and having international experience will definitely boost your career in the long run.
Today you have a lot more options available if you are not able to attend a full time residential program. There are several online MBA programs available that are equally good and offer you flexibility. Now is the perfect time to upskill considering how the pandemic has compelled everyone to stay locked down. Make the most of this time to stay prepared for the changes that this volatile market will yield in the coming times.