Distance Education Delhi has brought a post to tell all of you about Why is MBA Getting so Popular? So if you want to know about Why is MBA Getting so Popular day by day then read this whole post very carefully till the end.
I’m Damn sure, this post will definitely help you in understanding about Why is MBA Getting so Popular? and it will also help you about why you choose MBA as a Career.
So let’s start with what is an MBA?
What is an MBA?
The Master of Business Administration (MBA) is a master’s degree in business administration (management).
In general, MBA programs are structured around core courses, an essentially standard curriculum and elective courses that can allow specialty in a subject or concentration.
Thus, often in the program’s first year (or part), students acquire both a working knowledge of management functions and the analytical skills required for these.
After the first year, many full-time students seek internships. Often in the second year (part), students pursue elective courses, which may count towards a specialization, dependent on the program.
Why Choose an MBA?
Some reasons to pursue an MBA degree:
1. Brand building
Some of the b-schools have a strong brand name.
This might be because of the success of the program to have consistently maintained high standards.
The program might be one of the oldest and hence might have evolved in several ways which might mean better training material, good faculty, better placement opportunities and strong networking ties within the industry.
2. Better job prospects
A vast majority seem to choose an MBA program over other post-graduate courses.
The scope of topics covered during an MBA provides the opportunity to know about a wide variety of subjects catering to the various aspects of business structure and administration.
Again, a person who’s been in a particular profession for several years and now wishes to take up a management position in the same field can do so through an MBA.
This would also equate to a better pay package.
3. Open the door to thriving career opportunities
Due to their qualification, graduates of an MBA program have higher chances of obtaining and holding a high-level management position.
More than 50% of the MBA graduates worldwide are senior managers or board directors.
This type of position brings along a higher salary but of course also a higher responsibility and longer working hours.
4. Management skills
An MBA degree not only equips the student to become better managers or entrepreneurs but also imparts soft skills including leadership qualities, teamwork, the spirit to take risks, experiment and adapt to new cultures, places or situations.
The extensive range of subjects that an MBA student covers during his course facilitates a new outlook and imparts a broader perspective of the business or corporate world.
An international MBA program has a lot of diversity in terms of students coming in from various cultural backgrounds and nationalities.
This huge mix of students would mean developing contacts in each of these countries.
There are also various guest lectures by successful entrepreneurs, CEO’s so that they can share their success stories.
At times students also get a chance to interact with them.
The kind of reach that an MBA offers in terms of networking scope is unmatchable.
So let’s talk about Why is MBA Getting So Popular?
Why is MBA Getting So Popular?
An MBA (Master of Business Administration) can be a very beneficial qualification to take as it enhances both skills and knowledge in the finance sector.
There are many good reasons for which it is worth studying for an MBA. Here are some reasons about how doing an MBA can benefit your career.
1. Higher Salaries
Doing an MBA degree not only gives the graduate better career opportunities, but higher salaries also go hand in hand with this program.
Due to the graduate’s qualification, his or her chances of finding a top level management job are much higher.
If you want to further your career in business management, an MBA would definitely increase your chances of achieving this.
2. Networking Opportunities
Students who are currently studying an MBA program will have greater business networking opportunities.
Many universities allow you to get to know or interact with professionals that have on-field experience.
Furthermore, if you are doing an MBA on a part-time basis within your company, you will be able to potentially meet with other employers through internships.
By getting access to a wider business network, you will surely be able to expand your current career and have better chances of landing your dream job.
3. New skills and Knowledge
An MBA education gives you new skills and knowledge to enhance your current career.
By doing your Master of Business Administration course, you will soon be forced out of your comfort zone and learn how to deal with the latest issues.
This program will give you the opportunity to constantly challenge and push yourself in order to continuously improve.
Problem-solving is one of the most important attributes that you will learn through this program.
You will get a better overview of the business world and a deeper understanding of the changes that occur in the business environment.
Career Opportunities after MBA
Really, there are lots of Career/jobs opportunities after MBA for students.
An MBA degree is prestigious as it is accepted worldwide.
With more and more Universities including MBA courses in their curriculum, many students are opting for this valuable course.
There are several types of MBA; you can choose anyone depending on your criteria.
Most of the students enrolling in this course are already employed.
Either way, lots of careers are benefited by various types of MBA courses as it helps them gain additional knowledge and obtain a better pay package.
The following fields have the most popular demand for MBA graduates –
• Human Resources
Top 5 Universities For MBA
- Narsee Monjee Institute of Management Studies (NMIMS) – (NGA-SCE)
- Sikkim Manipal University – (SMU-DE)
- Amity University – (ADDOE)
- Symbiosis University – (SCDL)
- Indira Gandhi National Open University – (IGNOU)
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