Why you should get an MBA Degree
Why enroll in an MBA program is a question worth pondering too many, because of the kind of investment required for enrollment yourself in Top MBA Colleges Post-graduation program. In spite of the impact of covid-19 on the worldwide economies, this phase could be the best time ever to take up an MBA program.
Yes, the pandemic has brought about havoc on every economy of the world. But this of course is the time to understand that the world will recover and when it does, your MBA program will help you be distinct in the emerging job market. So, if you are wondering, how the MBA program lets you have an edge over the other, here is an explanation with some facts.
- According to the Corporate Recruiters, Survey 2020 by Graduate Management Admission Council (GMAC) reports about hiring plans for 2021. 89 percent of employers said they plan to hire MBA graduates.” The reason being that the recruiters are confident in a B-school’s capability to formulate their students to be successful in their organization. They develop skills like strategic thinking, communication skills, and versatility. This Survey also advises that employers are confident about the worth of a management graduate and the contributions they could make in their organizations. Mostly because, the MBA programs also give you the chance to take on a summer internship, which is a seamless way to build first-hand expertise in an industry.
- Secondly, the students get to hone their existing skill sets, extend networks, and unveil a career with large corporates. Your campus introduces you to the professional settings where you attend information sessions by various companies during recruitment drives. Being able to connect with the firms through your campus, helps you lay the groundwork for the interviews and other sessions with the companies and you land a role in the corporate. Your MBA program could be your opportunity to gain experience, develop a network, and thus stand you out.
- The market offers a number of MBA programs and you can suitably choose one based on your own personal situation. For some leaving a job to pursue an MBA may not be the option, so an online MBA program, a part-time program, or the evening MBA class may come as a rescue. The flexibilities of an MBA can simultaneously enhance leadership and management skills help you land a promotion in your job sooner.
- Additionally, an MBA graduate will get enhanced career prospects and on top of that, the average MBA salary far beats what one earns without an MBA grade. Going by GMAC’s 2020 corporate recruiters survey, the reports say that the median annual base starting salary is much higher or almost double for new MBA hires. The biggest industries that hire maximum management graduates are IT, Consulting, and Finance. The premium of compensation for doing an MBA is also more visible in Fortune 100 Companies. Hence your chances of getting associations with bigger corporates get stronger. The findings hold true and are a reflection of all the global economies and apply to the upcoming Indian market scenarios too.
Taking into consideration, the above opinions the answer to why gets an MBA is of course overwhelming!
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