What Are the Advantages of Doing MBA?

benefits of doing mba
The importance of MBA degree lies in the fact that it is the confirmed ticket to the corporate world. Many more aspirants are taking new and advanced courses in MBA to accelerate their career growth so that they inculcate the much needed management expertise and business acumen. A mere mention of an MBA rank adds value and weight to one’s resume which gives an edge over others who are not. 
 
Going back to the old days having a graduate degree was considered a big achievement in itself. This mindset dominated for long however talking in the current context and tough market conditions, only one degree isn’t enough to get your dream job. An MBA degree seems to be an apt solution to make your resume stand out from the rest of the crowd and add wings to your career growth. Attachment of an MBA tag or program  today have a value proposition understood by everyone. The education industry has undergone a major transformation for the number of oppurtunities it offers to students allowing each one to pursue the career of their choice which is close to their respective aptitudes and interests. The number of people applying for MBA programs comprising of national as well as MBA international programs are from two to one year mba programs. The employers look for differentiators when they are look out for talent. And possessing an additional degree is a definite differentiator. Secondly, given the unprecedented decline in availability of jobs for fresh candidates due to the global slowdown, students see this time as a great opportunity to hone their existing skills or even add a few. And having an MBA degree in addition to your regular ones is certainly the way forward.
 
Does an MBA Degree ensures a job especially in the current economic upheaval?
 
Placements for MBA graduates from premier institutes continue to be quite attractive even now. However on account of the downturn, companies are forced to tighten their budget and the number of available jobs continues to shrink with firms starting to get more selective in terms of where they hire from. The MBA tag alone does not bring with it any guarantee of a job; where one gets the degree from is also a factor that influences the decision making process of the employer.
   
An MBA degree ensures the employer of the candidate of having a basic level of competency. The slowdown has affected all job opportunities at different levels, and it has affected students with MBA degrees too. However, the impact is not as high, as by and large, more MBA graduates do have a job offer as compared to a student with a bachelors’ degree alone.  
  
However, is the slowdown a good time to quit the job and go in for higher education?
Going for a higher education anytime is a wise decision, irrespective of the ongoing slowdown and is a practical approach that will bear positive results in the future. When the economy is booming, people who are already working may be too busy to think about getting a degree or going to a technical school, but when the economy is slow and people are re-evaluating their priorities, education, especially in terms of an extra degree does hold a lot of significance and becomes a consideration. However, one needs to evaluate his/her priorities, for example, family life, age, financial status, etc. to take this kind of a decision.
 
Why the upsurge in enrollments? 
For starters, a tougher job market forces people to strengthen their resume. Slower growth within the ranks in their organisations during a downturn also means that there is a lower perceived opportunity cost of taking two years off to pursue an MBA. As the job market becomes tougher, an MBA allows one to differentiate themselves from the crowd. It always helps to add to one’s skills, irrespective of what career stage s/he is in. However, skills can be added while working on-the-job, or through a formal, full-time program. If given a choice, it makes more sense to earn-while-you-learn.
 
While an MBA is certainly a differentiator in today’s job market, a degree alone does not ensure accelerated career growth. Some of the ingredients for a successful career continue to remain constant: a go-getter attitude, excellent team management skills, and most importantly, one’s ability to innovate. Today’s job market demands professionals with abilities beyond just the knowledge of the subject and an MBA degree is certainly the way forward. Distance Learning MBA Programs from reputed institutes are also gaining importance. There are also part time classroom courses available in case one is reluctant to leave his current job status to pursue higher studies.

Why is an MBA degree important?
 
MBA as an education – makes one understand the language of business. 

MBA as a degree – makes one equip with enough analytical skills to be able to take appropriate decisions. 

MBA as a career decision – fosters excellent career growth opportunities.

 Ideally, the benefits that one can derive from an MBA education is much higher when the student has prior work experience.
Amit Bhagria
This Aint Your Daddy’s HR Do I have your attention? Good, because we are in the mist of an HR revolution. It’s either join up, or be left in the dust. What do I mean by this? Well, gone are the days of Human Resources representing the company’s interests solely. The new age HR Manager is an inclusive individual, serving the collective needs of both employer and employee. In the new “collaborative” workplace, an HR Manager wears many more hats than in years past. It can be debated as to whether this is a result of a disgruntled workforce staging a collective mutiny, or the evolution of HR professionals. Either way, the time has come. Join me on the other side. Subscribe to my Newsletter to get updates from the world of Human Resource Management.
Amit Bhagria
Amit Bhagria
Amit Bhagria

Comments

  1. susan chinzewe says

    well am not MBA and this makes interesting reading. I am seriously giving it a thought. However, i would like to know if correspondence MBA degrees are offered with some internationally recognized institutions.

  2. Judy says

    Hi,
    I’m not an MBA but i am giving it some serious though . I’ll love to pursue my MBA this year or next but i am not sure if i will do it by correspondence

    Thanks

    Judy

  3. Ankita Ghosh says

    is it better if we do mba in abroad ?? which one is better mba in abroad or mba in india?

  4. Ritu Tiwari says

    Hello Mr Bhagria,

    I am an MBA(Marketing and HR) fresher and looking for a suitable job. I have done MBA after MSc in Chemistry. But its more than 3 months I am seeking job, now I am forced to think whether my decision of doing MBA was correct or not???

  5. Sakshi Gupta says

    Hi Amit

    I am a MBA but its really a nice article, worth reading.
    Now a days there are thousands of college providing MBA degree but they are just providing degree the skills which are actually needed are not imparted so whosoever is seeking to go for MBA must do a bit of analysis of the college like taking admission to the college will be worth to add skiils?
    Also try to develop good communication skills, team building skills, listening & convincing skills with your own efforts.

    Regards
    Sakshi Gupta

  6. Remya S Nair says

    Hi Amit,
    Hope u r 5n,….actuly i was planning to do mba but suddendly my mind changed into doing Postgraduation in Hr. Plz guide me for the same whether mine decission is right…bcoz i think dng mba or pg is same…

    Happy Teacher’s Day.
    Thankz nd God Bless!

  7. says

    Thanks Amit, for your vitally important advice.
    I have been contemplating to do an MBA or MBL for a while, now. Once other high priority family commitments ease down, I will embark on one of the two masters degree. Any internationally reputable institution of higher learning which offers these masters through correspondence mode, you know and would recommend?

    Thank you.God bless you.

    Daniel-Zimbabwe

  8. N Suganya says

    HI AMIT,
    I’M DOING MY MBA IN HR. AND I HAVE COMPLETED MY B.SC NURSING IN UG. U MAY GET A CONFUSION THAT Y I CAME MBA AFTER FINISHING MY NURSING. BUT I HAVE INTEREST IN MANAGEMENT ASPECT. BUT NOW I HAVE A CONFUSION THAT WHETHER I COULD GO IN HOSPITAL SIDE MANAGEMENT OR ELSE CAN I GET JOB OPPERTUNITIES IN OTHER CORPORATES. PLEASE CLEAR MY DOUBT. I’M WAITING FOR UR ANSWER.

  9. anil says

    HI AMIT JI
    I AM PURSUING MBA IN OPERATION MANAGEMENT FROM ICFAI
    UNIVERSITY
    THANK A LOT AMIT,REALLY YOUR WRITINGS ARE THE EYE OPENING FOR ME
    PLEASE DO CONTINUE

  10. Hetal says

    Dear Sir,
    I have done my MBA in Sikkim Manipal Uni. Through Distance Edu. So I havent any Practical Knowledge for HR Work. my special subject is HR. But I m working as a sales Coordinator since last 2 years. Now i want to make my career bright in HR Field. So please assist me what to do? what should i do to gain my knowledge in HR, so that i can build up my career as a successful HR personnel.
    Waiting for your reply.

  11. nazim husain says

    Hello amit sir
    i have complete my MBA last year. now i m doing job in hr dep.last 2 month but i have no more knowldge in hr process.so i have face big problem in hr dept. Then what i do sir

  12. sivaram says

    Hi,

    Undoubtedly MBA is one of the requirements to get a job and also has edge over others in the competition. Some organisations have policy that they recurit only MBAs.I heard from the experienced people saying that MBA is a mere paper for them, but it has a value in competing the job market. Now-a-days MBA is ladder for entering into the corporate world. Education, Experience and Exposure play a key role in the corporates. Without any one of the “E”s, it is tough to enter into corporates. So whatever be the age and experience, it is better to do MBA degree if someone does not have.

    regards/sivaram

  13. Ankita says

    Hi Amit
    I am Pursuing MBA. and your articles are really very Knowledgeable. You are doing a great Job. From you I am getting inspired and motivated. I hope and I am sure also that for me great career is waiting ahead, and for that your guidance is required.

  14. vinit kumar says

    Hi Amit,
    I m pursuing MBA frm HR….ur guidance is valuable for me,,,,,,I cnt describe u in words…..

    thanks Amit

  15. Shipra says

    Hi Amit and all,
    Fistly I would like to appreciate this site and its blogs.
    Now come to the point, MBA is good but i think you should have mastery in your chosen field which you have chosen in your MBA(as MAJOR and MINOR). its also good if you can choose any specialized course in your MAJOR subject from a reputed university/institute after your MBA. This can give you a bright way. its also good if you can choose MBA from a very very reputed University/Institute.
    But i think MBA is a very good degree in which we can learn more than the books.

    Regards
    Shipra

  16. Mercy says

    Hi Amit,
    I’m a MBA fresher with specialization in HR. Im currently looking for job opportunities that suit my profile. But its a real pity that most of the offers for MBA(HR freshers) are only in consultancy. Hope you would reflect on this in your next article. Kindly offer me some career advice also. Hope it would be of great help to me as well as to the readers. Thanks in advance.

  17. elizabeth says

    Thankx Amit, this has enlightened me more since am working as an HR Clerk with a degree in HRM and higher diploma still in HRM.

    Advice me more on this given my situation.

    kind regards.

  18. Ntebu says

    Hi Amit

    I’d also like to study MBA via correspondence..any reputable institution you can recommend?

    Thanks a lot for the vital info.

  19. says

    hi Amit,
    I am not an MBA but sure after my BBA in health management, i would like to continue with an MBA in health management. thank you so much for the educative articles.

    regards
    mable

  20. Ralph says

    Am pursuing my MBA(fresher)in Accounting at KNUST. In fact your site has been a help. Can you please help me do this assignment: explain and state 20 function why human resource management is important to all managers

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