Second MBA: Your Gateway to a Global Career

You have done your MBA, have a job with a growth trajectory laid out for you and a promise of a greater pay with time. Despite this, you feel something is missing. This can be dissatisfaction with your current role, industry, lack of satisfactory growth, or simply the lingering desire to acquire a degree from a more prestigious institution. One prominent solution to this situation is a second MBA degree. Some people in India and worldwide have done their first MBA after pursuing the first one, usually in their home country, and opt for a second one in the home country or abroad. This is a growing trend, driven by several factors. In this article we try to decode the growing popularity behind the second MBA and whether it is a good fit for you. Why are people going for a second MBA? 1. Career stagnation Many people are unable to progress beyond a certain position in their company and want to acquire the required specialization in order to achieve the required growth. For a large number of them, acquiring a second MBA from a reputed school is the solution. 2. Desire to acquire a good brand name Many a time, people go for a first MBA straight after graduation and are unable to crack a school of their choice. They enter the workforce soon after, with lesser compensation and exposure, but the desire for a more reputed brand name, network, and opportunities that come along with it still eludes them. To gain access to the same, they usually want to do a second MBA. 3. Desire to switch industries Sometimes people are stuck in fields or companies they do not enjoy working in or working for. They have their first-degree MBA basis of perception, but the reality was otherwise for them. Consequently, they want to expand their options and specialize in another field so that there are more options available to them. In fact, it can be a career-saver for many aspirants. 4. Lack of prior work experience Related to the earlier point, many students in India jump on the MBA bandwagon with little to no work experience, mainly due to the tough job market, and employment insecurity. Many a time they are not satisfied with the work experience and wish to alter their career trajectory. They realize they could have done much better in another field and a second MBA serves as a launchpad to an alternative path. Read more: