Do you need an MBA to advance your career?

by Nirma Admission Nirma University Admission

The first step in an MBA admission process is understanding whether you need an MBA. However, the fact that an MBA can have an enormous effect on your career stays intact. Whether you're looking to become a corporate leader working for a Fortune 500 company or begin your own business, MBA will provide you with the backing to take advantage of the finest possibilities. Having said that, it may take some time to see the advantages of pursuing an MBA. For many, the cost and duration of the course can also be a strong deterrent. Here are some reasons to work with your MBA aspirations, as effective leadership experts often quote.

1. You're new to the business world Although MBA stands for Masters in Business Administration, all MBA institutions in India accept students from diverse backgrounds. A graduate degree in a business-related domain is not a necessary condition. Thus, creative professionals, academicians, entrepreneurs or anyone who wants to venture into the field of business can opt for an MBA degree. The coursework is designed to nurture rather than being formidable to business novices. The eligibility criteria for MBA admissions-2020 requires applicants to take the Common Admission Test and effectively complete the subsequent admission rounds.

2. You want to get into a new industry The country's top B-schools have a vast network of alumni and faculty members from a variety of sectors. An MBA can assist you in connecting with experts from distinct industries and make it even easier to enter a new industry. MBA is the best way to improve your skills and specialize in the field you're interested in. Along with specialization in a single field, MBA is also the best way to learn more about a sector you're not very acquainted with. The finest MBA institutions in India have students from distinct backgrounds, fields, and cultures. An MBA specialization along with such diversity makes students well-equipped to work in new fields and industries.

3. You want to give a boost to your career Several studies indicate that an MBA from a prestigious institute delivers a boost to your earning potential and employment opportunities. According to PayScale statistics, the average salary of a graduate is between INR 3L and 3.5L per year. Whereas the average salary of an MBA graduate is between INR 8L and 9L. Campus placements, mentoring by renowned industry experts, management conferences along with networking opportunities altogether gives a head start to the career of an MBA graduate.

4. You want to become an entrepreneur Many MBA institutions are also providing entrepreneurship as a specialization. Even without that, an MBA college provides you with an ample of opportunities to give the right direction to your startup. Management institutions today offer accelerator programs, start-up contests, and dedicated entrepreneurship pedagogy. These managerial components can assist budding entrepreneurs to obtain the required assistance and support to develop their business ideas and put them to work with the help of feedback from peers and faculty members.