3 Reasons Why People Should Study MBA
By James (Jiaqi) Wang, 17 Sep 2021
Planning to study for an MBA degree (Master of Business Administration) is a huge step for aspiring people. Weighing up the financial costs, time costs, alongside the many other variables involved can be intimidating. So why do so many professionals still believe that MBA programs are a brilliant investment and a necessary step in the pursuit of an excellent career in business? Through the MBA program, you will have the opportunity to expand your career network, learn a variety of professional knowledge, and have many other advantages. If you are curious, here are 3 crucial reasons why you should complete an MBA degree.
#1 To Future-ready Your Career
By studying in the MBA program, you will be able to learn a wide range of professional knowledge that will facilitate your future career development. The skills many firms are looking for range from empathy and team management to understanding how to look ahead, set strategic targets, and influence stakeholders from diverse backgrounds. Providing an integrated approach to management education, the MBA covers the key functional business areas, including finance, marketing, human resource management and operations management. There is a focus both on understanding the organization’s internal dynamics (organizational behavior, leadership and innovation) and the complexity of the firm’s external environment (global business and the economic environment of business). Moreover, everyone in these programs also learns how to improve their communication and collaboration skills by participating in group projects with people from all walks of life. Soft skills like this are key to MBA classes in addition to rigorous analytical work.
Source: Harvard Business Review
#2 Expand Your Network
This is probably the big one that most MBA grads mention several years down the line. You go through a tough experience like getting your MBA together and it's hard not to make a few friends along the way. These friends are more than just good people. They're likely to go on to be successful in their specialty of business that they focus on. They'll be sounding boards for you in the future. Friends of their friends will probably be potentially invaluable contacts for you down the line. Meet as many friends in your class as you can and keep up the relationships. This will definitely help you in your future career development.
#3 Enhance Your Credibility
For those who are hoping to move away from being secularly employed within a company and working for others, and instead want to challenge of working for themselves, an MBA can offer credibility as well as a great new skillset. Other firms and individuals conducting business with an MBA graduate will be more relaxed about the expertise and more inclined to trust them, in comparison to working with someone without an MBA. An MBA ultimately demonstrates that you are an expert in your field, showing potential partners that you are highly competent and dedicated to your sector. In addition, an MBA shows mastery over a particular area or sector such as finance, management, business consultation etc.
Here at IMC, besides functional discipline knowledge, the IMC MBA is committed to developing a range of cognitive skills and competencies. As part of its integrated approach, the ability to contextualize, identify issues, debate points of view, develop strategies, manage projects, convey messages, work in teams and engage in self-reflection, is embedded in specific subjects, with progression from entry to higher order skill levels. The MBA also requires students to engage and grapple with ethical and social responsibility problems, which take the form of ethical dilemma problems, case studies and project writing.
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