Business school graduates benefit from more than just return on investment through substantial salary increases. They also deepen the knowledge, skills and abilities they required for future professional success.
1. Transferable Skills
Business school gives you new skills and knowledge that will transform your career. MBA students often set their sights on a job in finance or consulting. But the hard and soft skills acquired during an MBA program can transfer to myriad other roles. Today’s MBA graduates work in tech, health care, consumer goods, government and nonprofits, and many other industries.
An MBA strengthens your leadership ability, intellectual creativity, critical thinking, cross-cultural awareness, communication, and even greater IT mastery. These skills will serve you well as you move toward your ultimate career goal.
With a deeper understanding of the complexities of the business world, problem-solving skills mastered during your MBA will carry over to your next position.
2. Higher Employment Rates
Increased job security with your current employer or within your current industry is another career benefit of MBA. The degree is also a powerful in a crowded marketplace. Some of the corporate clients of recruiters do not consider any candidate without an MBA.
This shows just how much business leaders value this qualification. You can safely assume a graduate from Harvard Business School or the Wharton School is going to bring considerable skills and business acumen to the job from day one.
Companies appreciate managers who have risen through the ranks, know the business inside and out and can get the job done. But they also like hiring MBAs for their ability to handle complex situations. They can act adapt in the rapidly changing global environment.
3. Degree Specialisations
Many MBA programs offer specialisations that provide a deep dive into the nuances of a particular industry. Here, students can sample a few different career paths to see whether it’s a good fit before taking the plunge.
Adding a specialisation is a good move for people who know exactly what they want to do with their career. If you already know that you’re interested in something really specific, such as digital marketing, real estate, business analytics, social innovation, health care and any other, earning an MBA with a specialisation can make you even more marketable.
In today’s competitive job market, this helps you stand out. However, career switchers would be better off focusing on a general business education instead.
4. Networking Opportunities
At business school, you will interact closely with talented individuals from all over the globe, which enhances the experience by exposing you to different business practices, cultures and points of view.
The connections you make are one of the most valuable key career benefits of an MBA. Make sure you capitalise on the opportunities in and out of the classroom during your MBA studies. Your alumni network helps you stay connected to the university as well as to countless professional opportunities you can tap into throughout your career.