GIBS was set up under the aegis of Goyal Educational Trust envisioned as an institute of high academic standards. GIBS is ranked amongst the top Business Schools in the Country. The Institute has achieved a status of distinction by following the path envisioned by its founders.
Tuesday, 16 August 2016
Why Am I Not Changing Careers After MBA?
Definitely, I shall continue to be the best, sought-after leader in my chosen career after my MBA. As the name suggests, MBA means -Master of Business Administration. It is an internationally-recognized degree designed to develop the skills required for careers in business and management. The value of the MBA, however, is not limited strictly to the world of business alone.
The average salary for an MBA graduate from a Top B School such as GIBS, is definitely much higher than that of an employee with a regular master qualification. In fact, it is double the salary that one can expect to earn with a regular University degree. So, in a short span of 2-3 yrs one can get back the money invested in acquiring an MBA Degree.
This advantage of an MBA degree is it can open up new avenues and provide the student with new skills in the workplace. Graduates of an MBA program have, due to their qualification, better opportunities in obtaining and holding a high level management position. An MBA degree helps the student in quickly climbing up the corporate ladder with a handsome salary package alongside a respectable designation, high performing successful MBAs are more likely to reach top management levels of Fortune 500 companies and other corporate areas. It is estimated that 70% of the MBA graduates worldwide are senior managers or board directors. If one wishes to further one’s current career by advancing in a leadership position, an MBA is definitely going to boost your chances of achieving these goals. Also, MBAs with specialized skills are commonly selected to lead start-up companies.
An MBA student has great networking opportunities, networking during the MBA academic term helps in establishing fruitful business contacts and referrals. In the long run, he can avail these contacts in improving his organizations business position in the market .He receives training from some great business minds. Some of whom will be part of the training faculty and others specially invited to share their wealth of experience and knowledge and will bring with them a network of contacts for you to utilize. If one uses this opportunity it’s likely that you’ll gain some sort of step up within your chosen field. Classmates will greatly extend professional network. Fusing professional and personal bonds with these people may prove invaluable in future.
Studying a Master of Business Administration forces a student to move out of their comfort zone, deal with the complicated issues, integrate the latest management techniques and just constantly challenge himself, his ideas and approach. And that will continue after graduation as well, as an MBA also provides opportunities and various avenues to keep the challenge alive and kicking.
If a career in finance or consulting is not his cup of tea then the skills a student acquires are transferable to other roles, as evidenced by the MBA’s strong representation in various other sectors like consumer goods sector, energy, public service and healthcare, Information Technology etc..
An MBA degree helps you in quickly climbing up the corporate ladder with a handsome salary package alongside a respectable designation. An MBA degree provides a combination of elective and specialized courses wherein by training candidates to handle complex business situations. Thus, having an MBA degree assures sustainability of your job in the organization. The demand for MBAs rides high even during global economic recession.
GIBS, as a Top B School in India provides an ideal management program that helps the student in becoming business savvy. The skill-set taught in MBA provides you with the hands-on training for dealing with real work business problems. Eventually, one can branch out as an independent entrepreneur: running his very own successful business.
So, surely an MBA grad can do wonders to one’s career and make him carve a niche in the annals of business history.
The intention of this question was to open up the world of possibilities out there with an MBA from a reputed B-school.