1. Develop priceless managerial skills
An MBA education is usually pursued by young professionals with a minimum of two years of work experience and even by senior employees that feel up to the challenge. After some time in the professional life, it is in the human nature to conform to a certain repetitiveness and to avoid taking risks.
MBAs and their connected specialisations will teach you a lot about everything that makes a company tick. You will learn how to:
- Manufacture, advertise and sell your products;
- Keeping the company’s finances healthy;
- Maintain a positive image of the company;
- Gather and interpret industry data;
- Hire the right people and keep them motivated;
- Create hierarchies that help the company thrive;
- Know when to make the tough calls.
Studying a Master of Business Administration forces you to get out of your comfort zone, deal with the latest issues in international business, apply the newest management techniques and constantly challenge yourself.
2. Get free access to a large business network
As an MBA student, you have great networking opportunities. You’ll get to know and interact in a context that accentuates your business management capabilities with colleagues, professors and teaching staff (usually former or current potent business people, with great management experience).
Furthermore, if you are not doing a part-time MBA next to your job or within your company, you have good chances to meet potential employers through the various internships that are part of most MBA programmes.
Last but not least, you gain access to the extensive alumni network of that particular MBA programme. Your connections will give you a great overview of the business world, and a deep understanding of the slightest changes in the business environment. You can reflect on some big business issues, make connections between various global events and world affairs.
3. Better chances for a higher salary
The average salary for an MBA graduate is considerably higher compared to the salary of an employee with a regular Master’s degree qualification. You can expect to earn twice as much as what you would expect to earn from a regular university degree.
Average salaries for MBA graduates
- In the U.S. – 84,650 EUR/year
- European countries – 100,000 EUR/year
In two-three years’ time, you cover the investment made in your MBA education.
Average two-year MBA costs at top business schools
- In the U.S. – 101,200 EUR/year
- In Europe – 9,800 to 35,600 EUR/year
4. Start your own company from scratch
Many students choose an MBA because they want to become entrepreneurs and learn how to run a successful business. They have an idea and a big dream and want to know how to turn them into reality. An MBA programme will help you acquire the knowledge and business practices that are needed to start a new business or help an existing business grow and develop.
Many MBA graduates end up starting their own business and those who don’t, initially land middle-level or top-level management positions within big companies. How would becoming your own boss look like?
5. Open the door to thriving career opportunities
Due to their qualification, graduates of an MBA programme 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.
According to Bloomberg, some of the top employers that hire the largest number of MBA graduates in Europe include Deloitte, Ernst & Young, McKinsey, Boston Consulting Group. American companies like Apple, IBM, Procter and Gamble, and Amazon are also constantly hunting for MBA graduates.
6. Experience a new place and culture during your studies
If you choose to study an MBA , you will not only gain a new perspective on how businesses are handled but get to experience living in a different country. This will broaden your cultural and intellectual horizon, and your business career prospects as well. You can find companies that you want to work for, arrange meetings with potential employers and who knows? You might end up staying and working after graduation or build your own business in this country.
Get a MBA Today!!