It is a universal truth that a coveted MBA degree will give the much needed thrust to your career. But many have actually questioned the importance of an MBA degree.
Let me tell you at the very start that MBA is not an academic qualification but a professional program that looks to hone your management skills. The academic criterion for an MBA is different in different countries. Some programs require a little bit of work experience while others just accept plain graduates. There are many specializations within an MBA degree and these are mainly finance, operations, marketing, information systems, supply chain management, retail management et al.
Change of career
An MBA degree is the perfect platform for a career change. After getting the degree you can shift to a new industry or look for new openings in your present industry. Once you get that coveted degree your struggle for building a career will be much less compared to the other guys in the industry.
It is not necessary to do a full time MBA program. Instead, you can opt for a part time MBA which can be pursued along with your present job. This is a great boon for the working professionals. After completing the MBA you might get promoted in the present job as you learn a lot of new skills. The company might even pay for your tuition fees.
The MBA graduates are the most sought after the world over as they have exceptional business management skills. They are a boon to any company. The HR professionals have recognized the importance of an MBA degree and they too encourage the employees to go for this higher degree as, in the long run, it will benefit the company and the employee himself.
An MBA degree will help you a lot in case you want to start a venture of your own. The degree will give you the confidence and the much needed industrial exposure to do well in the field of entrepreneurship.