An MBA can also increase job security with current employer or within current industry.
MBA programs can provide good networking opportunities. Getting an MBA is an
excellent way to advance career.
Getting an MBA can lead to a career change. MBA can give autonomy to move across
industries.
Getting a specific MBA can make more marketable within that specialized area.
There is no doubt that what you learn in an MBA program will be applicable to running
your own business.
Earning an MBA will increase business knowledge and add to your expertise..
An MBA combined with just about any other field of study will enhance the degree
holder's business savvy or management skill within that field.
Networking. This is useful for mentoring, job searches, and professional contacts.
Salaries earned by graduates of MBA programs grow progressively. According to
Graduate Management Admissions Council's (GMAC) "Global MBA Survey 2002":
"Overall, the typical graduate earned $48,000 before entering the MBA program and now
expects to earn $75,000 in the first job after graduation--a 56% increase." Depending on
the number of years experience you have and which school you attended, your initial
salary right after graduation can reach $130,000 plus bonuses.
If you have the benefit of an MBA and are interested in starting your own business,. The
MBA value will prepare you to do everything from writing a business plan to acquiring
venture capital to launching an IPO. Be among the successful: research has shown that
the failure rate for small businesses started by MBAs is about 50 percent less than the
standard failure rate.
Become a Leader in an Emerging Field by acquiring the Benefit of an MBA
MBA graduates are able to develop analytical skills to identify, analyze and resolve
problems faced in management and business.
MBA graduates are able to develop the skills of leading people and managing people.
Analytical Skills
The forte of virtually all MBA program is to be able to teach its students analytical skills
in analyzing and addressing business problems
People Skills
The next important tangible benefit that you may derive from an MBA is the people
skills. Soft management skills, interpersonal, people-management skills are all soft skills
which are hard to be taught
The deep relationships with other members of the MBA program had proven to be important business
network to the life-time career of the graduate.
The MBAs recruited are credited with the following:
* The ability to adapt to new environments - micro and macro
* A problem solving approach
* The necessary inter-personal skills
* The skills of communication
* Self-confidence
* Initiative and the drive to succeed
For Engineering Graduates an MBA is an added advantage. As an Engineer, you develop:
1. Good analytical skills
2. Good quantitative skills
3. Good decision making
4. The art of attacking a problem head-on and reaching its solution
5. Instant thinking
But the industry these days requires you to have (in addition to the above mentioned
skills):
1. Good communication skills
2. Creativity
3. Leadership qualities
4. The right personality
5. The ability to work in a team
6. Knowledge of all functional areas in Management
7. One specialization in Management
An MBA bridges this gap most effectively
