MBA Degree | Has the pandemic resulted in the loss of your job? Do you feel that you have plateaued in your career? Are you finding it difficult to move past a certain income bracket? Do you think that maybe you chose the wrong industry to work in and are now stuck with it? Are you learning and growing at your current job? Or do you dream of becoming a business owner one day?
These questions are common to most young and middle-aged adults in today’s competitive economy. The supply of quality jobs has not kept up with the growing numbers of people entering the labor market every year. The job market remains quite competitive while the pandemic continues to exert downward pressure on the global economy.
What can a Master of Business Administration holder do to position themselves in the right place to ride out the storm in the light of it all? The below tips will come in handy for those wishing to grow professionally with their MBA degrees:
Expect Higher Salaries
A person’s education determines their market value. Especially when employers scan through resumes in search of potential employees. Having a Master of Business Administration on one’s resume guarantees prospective employers that the candidate already has experience and skills under their sleeve. It makes a candidate a safe investment for any employer because a Master of Business Administration degree assures the employer that the candidate is well-exposed to rigour.
Having an MBA degree is considered a prized commodity because employers are willing to pay higher in return for an employee with an MBA certification. These factors combined make an MBA candidate more valuable in the eyes of employers. Hence, they are paid better salaries as compared to undergraduates. You can also make an MBA choice and invest in your future.
Increase Your Chances Of Getting Employment
Even if one’s past work experiences may not be directly transferable, employers are still willing to take a bet on an MBA graduate. It will be inexpensive and less time-consuming to train an MBA graduate compared to a fresh undergraduate. Having an MBA certification is a documented proof that the candidate has the necessary business and professional skills to know their applicability in real-world scenarios.
Companies justify hiring new employees based on the value they contribute to their business. An MBA graduate is more likely to start contributing early on to the company than a fresh graduate. It makes MBA-certified candidates more appealing to prospective employers.
Acquire Hard and Soft Skills That Are Transferable
What do employers pay for when they hire MBA graduates? Unlike other certifications, MBA focuses on developing a balance between both hard and soft skills. Hard skills are learned through reading and absorbing facts and basic information. These get acquired through textbooks, research, and reports. Utilising financial tools, understanding algorithms, and creating databases are part of the hard skills which an MBA student might acquire throughout the degree.
On the flip side, MBA students learn leadership, creating interpersonal relationships, conflict management, time and pressure management, effective communication, self-motivation. These fall under soft skills which can only get acquired through rigour, trial, and error. That is what sets MBA graduates apart from undergraduates.
MBA Degree | Accelerate Your Career
Employees often feel stuck in organisations or their professional growth plateaus after some time. While it can happen due to several factors (internal and external), what an individual can do is focus on the internal factors as they are directly under his control. By pursuing an MBA, individuals can reset their professional course. It is the perfect degree of choice for those looking to rise through their current organisation’s ranks as completing an MBA builds credibility in employers’ eyes.
Moreover, finding one’s niche and specialising in it will provide mastery over one’s craft. It makes existing employees more valuable in the eyes of their current organisation. Doing an MBA also opens up new opportunities if one feels that their existing organisation is not valuing them enough. Either way, if one wishes to take a step forward in their career, pursuing an MBA will be an excellent place to start.
Build An Entrepreneurial Foundation
Certain vital factors are common to all successful entrepreneurs. Most entrepreneurs become successful after going through several failed ventures. Most entrepreneurs are specialists of their craft. They all understand and propagate the importance of mentorship. They propagate the necessity of building meaningful networks. They know the importance of leadership and risk-taking. Even the mightiest trees require fertile soil and nutrients to grow in at the start. Doing an MBA serves as that fertile soil where like-minded individuals are put together under qualified professors’ leadership and mentorship.
Together, such teams have the potential to achieve any success they put their minds to with dedication. An MBA is not a prerequisite to becoming an entrepreneur, but having one makes the entrepreneurial journey manifolds easier. A degree is no guarantee of financial or professional success. However, it does provide an individual with the right set of knowledge and tools to compete in the world.
It is worth noting that a degree is no different from an investment. An investment has its associated costs and benefits. But what better investment than to spend on one’s education? Money can be lost or stolen. Education, on the other hand, can alter personalities for the better. In the cut-throat competition of today’s job market, better positioning oneself in the right place, with the right set of skills.