Google CEO Sundar Pichai. Michael Bloomberg. Former Hewlett Packard Enterprise CEO Meg Whitman. They all have it! An MBA – the most powerful academic qualification you can have in your career.
It might come as a single piece of diploma but the MBA packs a lot of punch. Earning an MBA means no matter where you plan to build your career, no matter the location or industry, you’ll increase your credibility. You could even say that all you need is a Master’s in Business Administration to be successful in your career.
If you’re still on the fence about taking the leap and committing your time and finances to an MBA programme, here are five truly compelling reasons to give it serious consideration.
#1 Leadership Skills
There’s a reason that MBA programmes are thought of as training grounds for the world’s future business leaders. You’ll be mastering both hard and soft skills to become the ultimate team player. Through the programme, you won’t be only navigating economics and marketing but also team-building skills including problem solving, teamwork and demonstrating integrity – all designed to bring out the best in you.
There will be a lot of hands on project work – and if you can navigate working with highly ambitious and smart Type A personalities… you can work with anyone.
#2 An MBA is an Investment in Yourself
Of course personal development and skills are important, but the top reason most MBA students take up the programme is to increase their salary. Consider this: for every since the Financial Times began collecting data, up until 2014, MBA graduates have always at least doubled their salaries within three years of completing their degree. The record for highest salary increase? A Chicago Booth MBA alumni topped it at 252%.
Most programmes can only boast more modest results, of course, but there is no doubt: an MBA is the best investment you can make in yourself.
#3 Access to a Large Business Network
An MBA programme is a meeting of the minds. Perhaps the most valuable part of it is the network you’ll be a part of, including the alumni. Being surrounded by ambitious professionals means not only will you be more driven to do your best, but you could be meeting your next business partner. Some Master’s in Business Administration programmes even make the effort for you to find a mentor through their alumni network.
Employers are also always on the lookout for top talent, and have found a lot of success by recruiting to a university’s MBA programme. There’s every possibility that your dream employer is waiting for you on the other side.
#4 Flexibility to Change Careers
The idea that an MBA is only good for continuing your career is a huge myth. Want to switch from finance to fashion? Or from manufacturing to marketing? Do it! A Master’s in Business Administration is the perfect opportunity for you start anew.
You have to be committed to investing your time though. First, be decisive in your move and then choose your steps wisely. Here’s where it would be smart to make use of the large business network to meet people who could introduce you to new career opportunities.
#5 Full-time, Part-time, Online. Anywhere in the World
True leaders know that it takes a deep understanding of working across cultures for any business to succeed internationally. There are MBA programmes available worldwide, with large communities of international students. Consider doing your Master’s in Business Administration in an exciting part of the world, where you want to grow your success.
Need the flexibility of managing your current commitments while you study? Today you have the option of taking the program in different methods that suit your needs. There are part-time and online programs available from credible universities that you can consider. There are also blended learning programs, where you can mix online learning with face-time with your classmates and professors.
The Door to Infinite Possibilities
The MBA is going to be stressful, but it’s going to be incredibly worth it. You can pursue many career fields and advance to better pay much faster. With an Master’s in Business Administration, you will be prepared for the high level business career that you deserve.