We all have been troubled by the question that Do I need an MBA? Here we are trying to list some of the top reasons to do an MBA.
1. Higher Salary
This is one of the top reasons why People pursue a MBA. An average salary of a MBA graduate is quite high compared to a normal Engg graduate, geneally twice. Also the salary of a MBA graduate is on the higher side compared to any other masters qualification.
2. Better Career Opportunity
This is the advantage of an MBA degree. It can be also be seen as the cause for the first one. Because as a MBA graduate, you would most likely hold positions of higher management. It is generally estimated that more than 75% of the MBA grads worldwide are senior managers or board of directors. But this also means higher responsibility & longer working hours. People would look up to you for inspiration.
3. Network Generation
This is the most important thing you should do while doing your MBA. As you interact with more and more people, you learn about them and understand how different people react to different situations. The alumnus from your college will be most likely be working among the senior management across the globe, which would be a definite plus if you are looking yourself as an person leading your organization
4. Holistic Idea about Business
You already have network & problem solving skills. Along with these things it also gives you great overview of the business world, a deep understanding and a certain receptiveness to the slight changes of this environment. This type of overview and sensitivity is very hard to achieve without spending a lot of time on it. Also, as regular employee, your access will be restricted to much of the relevant information. As an MBA student or graduate this insight comes with the territory and is a great asset, not only to you as a manager, but also to any potential employer.
5. Knowledge Acquisition.
You may think it sounds trivial and may say to yourself isnt that what any study programme is supposed to do?. Yes, it is, but an MBA education is usually pursued in a very specific situation by a young professional with a few (2,3 or more) years of experience and sometimes even by senior employees that feel up for the challenge. After some time in the professional life (even as little as 2 years) it is in the human nature to conform to a certain repetitiveness and to stagnate in a comfort zone. This limits your disposition for learning and new skill acquisition, why should I learn something new when what I know works just fine, its safer to stick to what I know best. Studying a Master of Business Administration forces you to get out of your comfort zone, deal with the latest issues, apply the newest management techniques and just constantly challenge yourself, your practices and your approaches. And that will continue after graduation as well, as an MBA also provides you with the channels that will keep this challenge alive and push you to continuously improve.