Why MBA? What are the benefits of an MBA?- these are the fundamental questions that a CAT aspirant should ask.
This is because, in today’s performance-oriented professional world, most of the people around you also have the same qualities and credentials that you possess. So, at this point, it is crucial for you to ask – what unique traits do you have that will differentiate you from the herd?
The answer is – AN MBA DEGREE. An MBA from a top B-school will help you make a quick transition from a mid-level role to a senior management position, where you will have the opportunity to take strategic decisions. If you browse through the job descriptions of senior positions across industries, you can see that MBA is the preferred degree, though perhaps not mandatory. Consulting is one profession where an MBA is mandatory to grow to an Associate or higher levels. So, the lack of an MBA degree may not be a show-stopper but it will be a huge reason for career stagnation.
1. The Move up Chart!
‘Why MBA’ may be one of the shortest questions in the professional world, but it is also one of the most important ones. For one, you will be making numerous sacrifices on your professional and personal fronts in order to get the MBA tag. It will be a life-changing experience for you; possibly the most important decision in your life.
If you seem to be satisfied with your job, you will look for a push-up. No one likes stagnation. In today’s performance-oriented professional world, most of the people around you also have the same qualities and credentials that you possess. Get ahead of them with an unequivocal qualification of an MBA degree.
The way a company looks at a potential employee completely changes if he has an MBA degree. Graduation in any field can only take you this far, as the higher you go in a company, the more responsibilities you’re given. The skills required to handle a much higher level management can be only acquired through an MBA or a minimum of 10 years experience in the same company. This is why an IIM graduate will easily earn much more as a starting salary than an employee with 10-12 years of experience.
2. What happens when you land up in the top B schools?
Get schooled with the best!
However, the truth is that knowledge that will help you progress in your career will not be found only in books or on the internet.
- Be with the best – Professors and Peers – this would mould you into the best.
- Innovative and Effective methods of studying – these include case studies, presentations, projects, research papers etc.
3. Networking in the thick of the elite!
Networking means getting to know people and this in lower levels would be restricted only to you superiors if you are stuck in the lower level management.
Networking at business schools means that you will be carrying the same tag as thousands of alumni. Doing an MBA from a reputed B-school gives you a great opportunity to network with smart, talented people who will hold top strategic positions in major companies or will be great business leaders someday.
4. Get Branded by the Best!
An MBA degree is certainly a feather in your cap. But an MBA from an IIM is a more brightly coloured feather! You can feel this difference within India itself. All things being equal, there is a big difference if you do an MBA from a lesser-known B-school in your region and if you graduate from a top school such as IIMs.
5. Find a new you!
A reputed B-school program gives you the opportunity to think in the direction you want to. Many MBA students discover a new person in themselves once they graduate from business school.
6. MBA will enable you to earn more money
This is not true unless you graduate from a top B-school in a specialization that is meaningful. If you lack the extra edge possessed by MBA aspirants, your dreams will not reap you well. MBA does mean more money but only if pursued with 110% dedication.
7. MBA makes you more employable
Adding to the number of graduate degrees you own does increase the value of your resume. Just imagine your profile reading out your MBA, but you lack the real skill? It is important to do it but not only for the heck of it or to beautify your resume.
8. You want to fish out time for yourself
Earning an MBA is not easy. It requires dedication and perseverance. You will have to work hard for two years and sacrifice any semblance of a social life. Fishing yourself time and pursuing MBA might only complicate the pulled out time.
9. You aspire to be an entrepreneur
You do not need an MBA degree to be an entrepreneur. We suggest you invest in your idea instead. Reality check, top B-schools are expensive. Instead of struggling to pay off B-school loans and sacrificing your dreams, invest in them. You can always choose a part-time or executive MBA later if necessary.
10. Be a king of one in the era of Jack of all
There will be many job opportunities that you might miss out on because of your MBA degree. At certain times, having the degree will portray you to be overqualified and put you on the weaker side of the scale.
It is important to note that MBA is not a cakewalk. It takes your time, dedication and hard work to qualify and become a great entrepreneur and not just another degree holder. Perhaps MBA might not be your cup of tea, but if it is, don’t forget to seek the right guidance for your preparations to get you the degree!
At Byju’s classes, we provide you with the best possible avenues to crack the CAT exam and help you achieve your MBA dreams.