Are you considering a business career? Whether you want to find a startup or become a manager of an existing business, it can be a lucrative career pathway. Especially if you found a business – your earning potential can be unlimited if you’re successful enough. Even if you want to work in a business, studying for a Master of Business Administration (MBA) can be an excellent way to get ahead. It can equip you with the skills and knowledge required to succeed in the business world, whatever pathway your career takes. But you might wonder if an MBA is worth it in this modern age. This helpful article will decode the MBA, and you’ll learn why business schools still reign supreme and why this qualification could be the right choice for you. Read on to learn more.
General MBA vs. Specialized MBA
You might be wondering the difference between a general MBA vs a specialized MBA. You’re lucky because that’s our first topic in this blog.
A general MBA degree can prepare you for careers in both small businesses and large enterprises by assisting you to develop broad skills in all areas of business management. In comparison, a specialized MBA incorporates advanced learning in a particular area of interest on top of the general subjects (click here to learn more). For instance, you might pursue a specialized MBA in healthcare if you’re interested in managing hospitals or insurance companies, or marketing if you want to found a marketing startup. You’ll study specialized topics in addition to the general MBA course material.
What an MBA Covers
An MBA degree will prepare you for running or managing a business or working for a large enterprise in managerial roles, either as an executive, or in middle or junior management. You’ll study various topics designed to increase your knowledge and skills. These include, but are not limited to:
- Organizational behavior and psychology
- Quantitative methods and analysis
- Managerial economics
- Marketing and marketing management
- Management Accounting
- Management Sience
- Financial management and analysis
- Market research
- Strategy and strategic analysis
- Business legislation
- Human resource managemcent
- Business economics
As you can see, this is a wide range of subject matter that will prepare you for a stellar career in the corporate world. You can see why business schools still reign supreme regarding an ideal course of study for the budding businessperson or entrepreneur.
Utilize Networking Opportunities
When you study at a business school, you will meet a range of people with different skills and expertise. By mixing with your fellow students, you’ll make connections that could prove invaluable when embarking on your career or founding a startup. The college could be the perfect place to find top talent to recruit to your business.
Don’t neglect the opportunity for networking that studying an MBA brings.
Some of the most successful businesses in the world were founded by college students – such as Google, Facebook, Microsoft, Reddit, and Time Magazine. An MBA offers more than just learning; there’s a good chance you’ll get to rub shoulders with some future billionaires. With some luck and a unique product or service, you could even join their ranks yourself.
You Can Leverage Business School Resources
Part of enrolling in a business school means you’ll benefit from the academic institution’s vast resources. You can access multiple libraries full of academic texts, get unlimited access to online journal articles, and the knowledge of your professors are all at your fingertips. Anything you can think of that will help kickstart your business career is available at a business school.
In addition to this, some business schools have incubator programs designed to help kickstart businesses. You may have a brilliant idea floating around in your mind, which you can workshop with other students and mentors at the incubator, taking full advantage of the resources and knowledge offered to business school students.
You’ll Get Paid More
One of the many benefits of obtaining an MBA at a business school is that it will increase your earning potential. Once they progress in their careers, MBA graduates can easily earn six figures or more. You’ll earn more than a colleague who has a lesser qualification.
You’ll Learn Time Management
Studying at business school will require you to develop excellent time management skills. You must juggle attending classes and lectures, writing assignments and reading time. This valuable skill will set you up nicely for your career but can also assist you in your personal life.
Develop Communication Skills
Effective verbal and written communication is essential for modern business people to develop and succeed. While communication might be considered a soft skill when compared with the development of a business strategy or marketing plan, it’s still an invaluable skill to hone. An MBA from a business school can help you develop your communication skills through working in groups with other students, communicating with your professors, and writing assignments. This can be leveraged when applying for work and then in the workplace once you commence your career.
Business School Will Give You an Edge When Applying for Roles
The job market is highly competitive and is getting harder to crack into. An advanced degree like an MBA will help set you aside from the competition. No matter the sector you want to work in, from marketing to finance, or even the non-profit space, an MBA will be an asset. Prospective employers will look favorably on a candidate with an MBA, which will also open the door to promotions once you’re in the workforce. You can hit the ground running no matter the role you step into.
A School Summary
This informative article has decoded the MBA, and you’ve learned why business school reigns supreme for students looking to embark on a career in the business world. Set yourself aside from your peers by obtaining an MBA.
