7 Ways an MBA Can Benefit Your Career in Business
Many of us know what we want to do from an early age. While some people are born with a caring personality and go into nursing, others have a mind for business and set up their own company. If you fall into the latter category, there are certain credentials you must obtain before heading into the business world.
An MBA (Master of Business Administration) in particular can benefit your career enormously. Whether you want to launch a startup or go into a management or leadership role in an existing cooperation, here are some ways an MBA can help you on your journey.
Teaches You Transferable Skills
There are tons of transferable skills you will learn from the minute you start your MBA degree. From learning how to communicate with fellow students and teachers, to understanding the importance of listening and taking other people’s points of view on board, there are many key traits that employers look out for in candidates.
Whether you join an existing business or go it alone, there are deadlines you must meet to keep clients happy. Throughout your MBA, you will learn the value of time management which will help keep you organised and on track with your workload. When you enter the business sector, the transferable skills you’ve obtained will come in handy and help you flourish in the workplace.
Obtain a Higher Salary
It’s estimated that the average MBA’s graduate salary is 50% higher when compared to those who haven’t earned the degree. Understandably, we all want to work in a role that has an attractive salary, especially if you have a family. Whether it’s keeping on top of the rent or paying off the mortgage, having an MBA on your CV will boost your earning potential in the business sector.
More Career Opportunities
As well as commanding a higher salary, there are tons more career opportunities to pick from once you graduate with your MBA. As you will be qualified for more roles, you will have more choice and freedom with what career you want to go into. If you’ve become tired of working in the industry you’re in and want to switch careers, an MBA will give you the credentials needed to secure job interviews.
However, remember that the management and leadership roles you go after will be highly competitive, so while you will have a bigger pool of jobs to pick from, you must make sure your CV stands out from candidates.
Build a Strong Network
During your time as an MBA student, you will have many opportunities to network with industry experts. If you plan to launch your own startup after graduating, getting all the advice and knowledge you can is critical for success. What better way to learn than from those who have already been there and done that? No matter what MBA course you choose, you will have the chance to speak to experts in their field on what you need to do to achieve your career goals.
If you study your MBA online in UK at Aston University, you can build connections with professionals that can benefit you tremendously. To get your foot in the door and secure a job interview, you can reach into your contact list you built throughout your studies which may come in handy. In many instances in the business world, it’s a case of who you know, not what you know. If you build strong relationships with teachers and experts, they can help you on your journey.
Boosts Confidence and Self-Esteem
Before starting your MBA, it’s normal to feel anxious about what lies ahead. However, once you get into the swing of things, your confidence and self-esteem will skyrocket. To succeed in business, you need to be confident in your abilities and show others you believe in your message. As you complete each module and pass with the grades you want, your concentration and focus will increase too, helping you to stay on track.
To succeed in a job interview, you need to show the employer you mean business. Therefore, believing in yourself and that you’re capable of anything will show in your demeanour. If you plan to go into a leadership role, having the confidence to motivate and inspire others can make a huge difference.
Respected by Your Peers
Whether you launch your own business or join an existing one, earning the respect of your peers is essential. If you’re getting a company off the ground, attracting clients, customers and stakeholders can be a challenge. Having an MBA on your CV will show that you’re dedicated towards succeeding and will do whatever it takes to reach your milestones. If you want to impress your peers and make them take you more seriously, studying for your MBA can do just that.
As you gain respect and trust from your peers, this can help you climb up the career ladder into positions you never thought were possible. And if there is a vacancy for a management role, you’re more likely to be put forward.
Flexibility
If you’re currently in full-time employment, the thought of education and being a student may be the last thing on your mind. However, thanks to the surge in popularity of online courses, you can complete your MBA without having to leave your front door. Because of COVID-19 especially, more and more MBA students are favouring online programmes over in-person classrooms.
When you embark on an online MBA degree, you have the flexibility and freedom to learn at a time and place that suits you. This means if you’re holding down a full-time job, you can work your course around your schedule. To get the most out of your MBA course, make sure you find the right balance between studying, working, and having time for yourself.
No matter what path you wish to go on after graduating with an MBA, the degree can provide tons of professional benefits that can help you climb up the career ladder and work in a role that suits your skills and expertise.