MBA Signification

Can you tell me about the significance of MBA (Master in Business Administration) degree from the career point of view as I am planning to pursue the course?

[Pathak]

MBA (Master in Business Administration) degree is best option for a person who wants a leadership and manager role. It is recognized worldwide. MBA degree teaches the nuances about business techniques, management techniques, leadership skills and all about management.

1. Increase Hiring Opportunities
A MBA graduate is an extremely valuable asset to an organization. Because of the competition in today’s business world, one may actually find that need a MBA degree to even have a first interview.

In school, MBA students learn different techniques and skills that can help businesses. Some companies plan to hire MBA students, maybe even paying for current employees to go back to school and get a MBA. You know that if a company is willing to pay for employees to get the degree, it’s certainly an asset.

2. Get Paid More
With a MBA degree in hand, you can actually demand a higher salary. According to a 2007 Corporate Recruiters Survey, employers are willing to pay significantly more for job candidates with an MBA degree.

The survey suggests that companies pay up to 84% more. It is hard work to earn a MBA degree and salary certainly should reflect that.

3. Build one’s Network.
One of the really valuable parts of getting a MBA degree is the networking opportunities. When one is studying for a MBA, one is with people from all walks of life, all trying to accomplish the same goal. These are the future leaders in the business world.

One can connect with people who may one day lead corporations. These relationships become very valuable for one, as a professional, but also for one’s future company. The relationships one forge in the MBA classroom get into groups and organizations that certainly benefit future employer.

Fields that commonly utilize MBAs, including:
• Consumer Brand Marketing
• Corporation Finance
• Venture Capital
• Investment Banking
• Commercial Banking
• Production/Operations Management
• New Product Development
• Management Consulting
• Private Equity
• Strategic Planning/Business Development