Making the decision to study an MBA degree (Master of Business Administration) is a big step for aspiring managers. Is studying an MBA program at a business school overseas a good choice? Are the financial investment and the entry criteria justified? All in all, is an MBA degree worth what it takes? If you’re getting ready to enter the competitive business world of today, we are certain it is.
So, what can you do with an MBA? An MBA degree will offer you a wealth of advantages, especially when it’s from a well-regarded business school. Getting a big MBA salary after graduation, securing a management position, growing a strong professional network, or even becoming your own boss are just some of the benefits of studying an MBA degree overseas.
Need to know more? Here are the top reasons to start studying an MBA degree:
Develop advanced and flexible management skills
MBA candidates are typically young businesspeople with at least two years of professional experience. Even senior staffs who feel up to the challenge may occasionally apply.
MBA classes will assist you to develop the skills required to keep a company successful. The syllabus of each MBA degree can be different, but listed below are some of the most common capabilities you’ll develop based on the study program you select:
- Improve leadership and people management skills
- Develop, advertise and sell your products and services
- Network and create connections or partnerships
- Manage difficult situations (e.g. financial crisis, public scandals)
- Keep the company’s finances healthy
- Promote and maintain the company’s positive image
- Collect, interpret, and create reports from industry data
- Hire top talent and improve employee retention
- Create hierarchies that help the company thrive
- Make tough calls at the right time
Many MBA specializations to fit your exact goals
Due to their international fame, many universities and business schools have created a diverse range of MBA programs, focusing on various aspects of the business world. So, what MBA degree specialisations can you select from? What’s the difference between them? And which MBA subjects are in highest demand?
- General Management – Likely the most famous MBA specialisation. Useful for developing an all-inclusive effective business arsenal – useful for a very versatile business environment.
- International Business – useful if you wish to work abroad, or work in an international company with offices in various locations. Great for organizing business goals across borders. As international businesses are growing, this too is an all-inclusive popular specialisation.
- Strategic Management – Gets you ready for long-term business planning and back-up planning.
- Finance – Useful for bankers, chief financial officers, financial controllers, and finance managers. Programs will concentrate on Statistics, Data Analysis, Accounting, and more.
- Marketing – Concentrates on businesses that rely on advancing products and services.
- Entrepreneurship – Best if you possess an original business idea and think about creating a start-up.
- Operations Management – Perfect for managers in charge of improving production processes. You’ll learn how to handle production as proficiently as possible.
- IT Management – Gets you ready to do business in the technology industry or do business that heavily depends on technology. This side of business depends heavily on the analysis of gathered data and product growth based on it.
- Human Resources – Great to study for managers in charge of Human Resources teams or working with big groups of personnel. Concentrates on conflict resolution, team development, inspiration, defining job responsibilities and more. You can’t go wrong with this one if you are a people person, as organizations will always be in need of good and happy staffs.
- Consulting – gets experts ready to offer an outside judgement for challenges faced by organizations. This specialisation also grows your expertise in a range of industries and is very well paid.
Bear in mind that there are also plenty MBAs offering dual specialisations, further improving your management abilities and job-market versatility.
Here are some universities and business schools that provide various types of MBAs:
- James Madison University, the US
- Geneva Business School, Switzerland
- University of Wolverhampton, the UK
- Koc University, Turkey
- Loughborough University, the UK
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