As an MBA aspirant you must have asked yourself many times this vexing question. Have you ever reflected on this question sincerely?
Today, a plethora of students look for MBA as a magic potion for success in corporate and professional life. Do you know why??
There are numerous reasons for MBA being such a significant career option in today’s world. First of all, the doctrine of corporate structures is changing with change in time. Corporate organizations are acclimatizing themselves to the needs of the global market. Earlier it was the market that would acclimatize itself to the needs of the corporate organizations but times have changed now. The entire world is now the playground for corporate organizations. Everyday start-ups, mergers & acquisitions, take overs, conglomerates are now an expected part of the corporate life-cycle.
Secondly, the new corporate environment is an exceptionally aggressive one as it has shifted from the well-known individual competitive model to a more collaborative model that values performance of teams’ as much as individual involvement.
Finally, a thorough understanding of technology and information systems, including the internet, social networking and other communications advances, is extremely vital to be successful in today’s corporate arena.
MBA covers these areas in detail. Hence, management education can contribute to a highly successful career. MBA degree gives a bleeding edge over non-MBA employees or candidates who are competing for managerial positions. In fact, many major corporate organizations make it mandatory for managerial candidates to get a management degree to qualify for a management position.
Some cynical people would argue that pursuing an MBA is a waste of time and money, and that one can succeed without an MBA tag in one’s resume. Although an MBA degree is just one of the many contributing factors in a successful career, degrees such as an MBA have their own intrinsic worth, and would prove to be an advantage when one is vying for a managerial position.
But apart from these glaring reasons, there are a few more telling reasons that make an MBA degree a most sought after degree in today’s business world.
Firstly, young and dynamic professionals with MBA degrees or pursuing MBA are viewed to have more potential for promotion to leadership or managerial positions or administrative positions than other non-MBA candidates. In business world this factor can straightforwardly be translated to savings and profits on the cost of staff hiring and training.
Secondly, those with MBA degree are considered to be serious about their career growth (though it may not necessarily be true for every Tom, Dick & Harry who has one an MBA). Candidates holding an MBA degree are considered as forward-looking professionals who want to lead, manage and administrate from the front. These candidates are measured up as innovative, creative, and visionaries.
Lastly, MBA professionals are considered as good and well-informed business decision makers, who value figures, information & data, careful studies, and planning while taking calculated risks. Those with management education are found to be aggressive and tenacious in any undertakings.
But it is not a cake walk to be an MBA. Getting an MBA degree is an optimum combination of hard work and perseverance in itself because of its stringent requirements and ever demanding resources. In today’s world there is an entire gamut of people who are holding an MBA degree (from various levels of b-schools), therefore it becomes difficult and challenging to prove yourself in such a horde. That’s why genuine candidates prefer to be an MBA from one of the best B- Schools.
So, please give a serious thought before joining any B-school because you need to understand that whether that particular B-school is going to help you in being efficient enough as the market wants you to be or not.