The workplace has become intensely competitive over the years. Although, only as recently as maybe 10 or 20 years ago, a college education or a bachelor’s degree was sufficient to secure a well paying job and career, today’s scenario is a very different. Education is more widely available now than ever before and more people, especially in Punjab as well as other parts of North India are availing of online and distance education options to secure higher degrees. However, it is not just India where competition has become intense, all over the world and in major countries, including the United States, UK, Australia, New Zealand and many more, an MBA degree promises far better career options as opposed to a college degree.
An MBA degree today has become the equivalent of the college degree of only a few years ago. The stakes have been raised and employers around the world value the candidate that has a higher education qualification. There are many factors that have contributed to the MBA or Masters in Business Administration becoming an extremely valued hot selling ticket to better business and connections in the corporate world. In this article, we will share with you the top benefits of an MBA Program and explain why the MBA is the right investment to make for your career.
The Top reasons to Pursue an MBA Degree:
- Better Salary
This is a no brainer. The number 1 reason to spend time and money on an MBA degree, is because the degree promises higher salary earnings. However, with an MBA, not only does your salary increase, but you also start most jobs with higher pay. So, in effect, according to the latest statistics on the average salaries of MBA graduates in India, it was found that the MBA definitely increased the net worth of job applicants across the country, although not significantly. While graduates from the top 3% of Business schools in India earn as much as 12-15L a year, graduates from the majority of B-schools (52%) earn anywhere between 3-7 Lakh’s per year.
2. Better Networking opportunities
Ever heard of the saying, “great minds think alike”. Well, that certainly holds true at the top B-schools in India and especially in Punjab, where young minds meet to discuss better ways of doing business in the future. B-schools or Business schools, in case you’re new to the lingo, are historically famous hot spots for building ties and forging fruitful connections and friendships. In addition, students also have the opportunity to connect with the school’s faculty and alumni, who are or might have been business powerhouses in their own right in the past. Either way, they is ample opportunity to connect, learn and discuss business opportunities with the best talent in the field as well as build long lasting relationships for the future. For the savvy, budding businessman, B-schools offer the perfect opportunity to establish a consolidated business network.
3. Broader Career Options:
In recent years, the vast majority of engineering and medical students in India have chosen to pursue an MBA degree, instead of higher education in their chosen fields. The reasons are obvious and the benefits are wide and plenty. An MBA program spans over a wide range of topics and areas of study. From Statistics, Technology, IT, Economics and Finance to Human Resources, an MBA program offers benefits in wide array of careers.
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4. Enhanced Knowledge:
Whether you’re looking to gain more knowledge about starting your own business or expanding your existing horizons to increase your worth in the job market, an MBA provides a unique opportunity to develop better business skills. MBA programs are designed to develop better business and management skills through a special set of courses and internship programs, where the individual is tested in real world scenarios. Program offer students diverse opportunities to put theory in practice and learn by developing better judgement and tactical ability.
5. Development of skills:
MBA programs offer students the perfect framework within which to hone their business skills. Whether it’s drawing a blue print, pitching a business idea via presentation, designing a marketing campaign for a product or selling a service, students learn how to deliver their best while developing better communication skills in the process.