Why MBA is so important now?

Unless one has a firm foundation of concepts, theories and business principles that can be learned in classrooms, practical understanding will be difficult. Yes, we do have many self-taught entrepreneurs and business successes, but that is a very small number. We have a substantially large number of professionals who are highly educated and qualified. Let’s face it! Most of us need high quality education especially MBA degrees if we are looking to go ahead in the professional world.

Better job prospects: It is true that an MBA starts at a higher salary and gets plum job offers compared to a normal graduate. Going forward, there will be managerial jobs that will be out of reach for you if you do not have MBA credentials attached to your own name. So, yes having an MBA opens new and exciting doors for a working professional. While hiring many companies do specify a minimum qualification that they are looking at. Also, the importance of this degree has increased so much that many working professionals are now getting MBAs along with their work by either doing part-time or online MBAs. In fact, some Corporates actively encourage their employees to upscale their skills and qualifications. Some even chip in with the cost as well. This shows how crucial having this degree has become in today’s world of work.

Better career trajectory: Yes, it is a known fact that qualifications offer you a faster career growth and better pay scales. Your promotions are often determined both by your qualifications and by your performance. No matter how good your experience is, sometimes you are held back due to lack of adequate qualifications. Even your first pay cheque will be higher than those with lesser qualifications. Companies do pay more for better resumes and greater experience. In fact, you may be screened out for certain positions if you don’t have an MBA.

To summarize, in these recessionary times where jobs are harder to come by, an MBA can help kick start your career. It will surely spearhead you to your career goals at a faster pace. The degree does open up greater possibilities for you. How you can couple your qualification with your experience to reach your goals is in your hands. But do give your career the boost it needs by having a sought-after qualification like an MBA.

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