The Advantages of an MBA Degree
“Ideas are cheap—what counts is the ability to translate an idea into reality, which is much more difficult than recognizing a good idea.” – Josh Kaufman, The Personal MBA: Master the Art of Business
Have you realized that to progress up the career ladder you need to be an MBA graduate? However, you are not sure whether you have the time and energy to commit to several years of study while you work. Do you know that there are one year MBA online programs which are designed to accommodate the working professional?
Therefore, the question you should be asking is not whether you have the time to study for one year, it should be how can you balance your work, study schedule to graduate with a Master’s Degree in Business Administration.
The advantages of graduating with an MBA
Apart from the additional study time as well as the cost of an MBA, I am not sure there are any other disadvantages of completing the program. And, the advantages of being an MBA graduate far outweigh these drawbacks.
Climbing through the ranks into management
Many companies now require their managers to be MBA graduates. Therefore, in general terms, without this degree, you won’t be able to progress any further in your career. One of the cons of enrolling for a Masters of Business Administration mentioned above is the cost of the degree program. To solve the cost factor, you will find that companies who require managers to be MBA graduates will also be prepared to pay for the course. Therefore, it is worth asking management before you write the idea off because of the cost.
Personal growth and development
While a higher salary and better job prospects are a huge benefit of completing your MBA, it is also important to consider the consequences of the opportunity for personal development. In summary, an MBA program will force you outside of your comfort zone. You will have to solve problems in new and innovative ways, which, in turn, leads to an increase in your confidence and ability as a successful leader. Finally, simultaneously working and studying will force you to develop self-discipline and excellent time-management skills.
Learn strong managerial skills
An MBA program will teach you the skills you require to manage your staff effectively. You will also learn to deal with real-life crises and situations. Thirdly, you will learn to leverage your managerial skills to further your company’s goals and mission; ergo, their purpose for being in existence.
Start your own business
The skills such as problem-solving, leadership, self-discipline that you learn during this program, will stand you in good stead should you want to open your own business. Part of your studies will be to look at solutions to problems that other companies have already faced, and how management found solutions to these challenges. You will then be able to apply this knowledge to your situation; thereby, placing you in the unique position as the owner, manager of your startup.