As the corporate world recovers from the pandemic and rebuilds its workforce, they need human resources with the right knowledge and skills. This need for talent is quite robust for business school graduates.
As per a survey of recruiters carried out by the Graduate Management Admission Council (GMAC) in June 2021, the demand for MBAs is set to increase over the next five years, with nine out of ten recruiters saying they plan to hire MBAs.
Now going for an MBA has its advantages. These advantages will not just impact your professional goals but will extend and apply to your personal life as well. Here are five reasons you should go for an MBA in 2022.
Boosts Your Career
A natural leadership attitude may help a person reach the top of the corporate ladder. However, you can accelerate your career by taking advantage of the additional training and qualifications that an MBA provides. Being in a professional environment, you must be resourceful in your conduct, be it the technical knowledge you bring or your people and problem-solving skills. MBA programs will improve your knowledge and understanding of the subject and refine your communication and deliberation skills. These skills translate into self-assurance, an important characteristic needed to advance into more senior roles.
The remarkable thing about the times we live in is you don’t need to halt your professional pursuit to go back to school. You can opt for an online Executive MBA, which provides the convenience of studying and working simultaneously. Washington State University’s online Executive MBA offers high-quality experience backed by one of the world’s premier research institutions. The program is ranked among the top 20 by the US News & World Report 2022. Another benefit of an online MBA is that the tuition fee is also lower.
The sense of achievement, as well as the knowledge and skills earned from your MBA degree, will boost your confidence as you navigate your professional world—and life. Getting this degree while you juggle work, family, social life, and other personal commitments (while maintaining your sanity) will provide you with a tremendous sense of satisfaction and personal accomplishment. This will go a long way to make your life pleasant.
During your MBA program, you address important business issues and real-world business problems. This sharpens your ability to see the bigger picture and understand how businesses function on strategic levels. You discover different perspectives on social, national, and global business issues as you work with other students. This not only expands the mind in a professional sense but also gives perspective to be applied to your own life.
Organizations worldwide employ compensation structures that consider their employees’ educational levels, among other factors. The better the education level of an employee, the higher the financial incentives they can demand. This is not due to any regulation or law that an organization is obligated to follow; rather, organizations realize the benefit of higher education for their business goals.
According to PayScale, an American-based employee compensation software and data firm, the average salary of a person with an MBA in the United States is 31% greater than that of a bachelor’s degree holder. This case is not limited to the US only. The value derived from a higher qualification such as the MBA increases the earning potential in almost every part of the world.
The purpose of an MBA program is not just to teach a specific course or subject; rather, it is to produce well-rounded professionals ready to overcome the challenges that the world presents. MBA programs instill and polish several qualities such as leadership, innovativeness, critical and strategic thinking, and communication. These qualities are not limited to a particular industry or job sector; instead, they apply to every profession. This attribute gives the MBA degree holder the versatility to adjust to a wide range of industries and careers, unlike a career-centric qualification such as a medical or engineering degree.
The majority of MBA programs attract students from different walks of life. The students come from mixed backgrounds, be it professional, socio-economic, cultural, or even national. This diversity present in MBA programs presents a great opportunity for you to learn from and gain exposure to the diverse experiences that your fellow students have to offer.
In an MBA program at a university with international students, you are exposed to various languages, cultures, and races. This helps you become more compassionate. You can also gain the cultural awareness needed to work with people from all over the world and understand diverse viewpoints.
Networking is an important aspect of your career development. It allows you to forge new relationships and helps boost your confidence. Not only does it help you professionally, but networking may also help you make some life-long friends, as it is not just about taking, but giving.
To sum up
The corporate world is very fast-paced. The hustle and grind we go through every day are real, and it is getting more intense. To stay ahead in our professional life, we are constantly searching for ways to improve ourselves, and an MBA program surely goes a long way to help us.