MBA: Do You Need It?
It is estimated that MBA graduates earn as much as $150,000. With this, it is no longer surprising that a lot of people are interested in taking post-graduate studies to pursue further business education. Despite this, there are some who have doubts about its benefits, especially because taking an MBA is expensive. Not to mention, it also requires time and effort. Do you really need an MBA? Read the rest of this article and we’ll weigh in.
Why You Need an MBA
These days, getting an MBA is a lot easier, which gives you a reason to pursue it. MBA courses are available online. You don’t need to spend years studying in a traditional school.
Aside from the huge earning potential, one of the best reasons to get an MBA is that it makes you more competitive. In a saturated job market, you can stand out if you have a post-graduate business degree. This will improve your employability and will give you the right to demand a higher salary from your employer.
If you lack confidence, an MBA can also help. It helps you gain knowledge in your field, which will make you more confident. This is one of the best ways to invest in yourself and become a better marketing professional.
You will also benefit from having an MBA if you plan to put up a business. The course will give you a primer in entrepreneurship. You’ll learn the ins and outs of managing a business. It will be easier to be your boss if you have an extensive foundation in business.
Why You Don’t need an MBA
Nonetheless, there are also arguments on why you don’t need an MBA. For instance, it is said that the degree is only great if you plan to pursue a career in business or management. It is important if you will assume a leadership role. Otherwise, the degree can end up being useless.
Plus, those who argue that an MBA is not needed believe that there are other ways to gain experience and build competency as a business professional. The return on investment is also not guaranteed. While you can earn a lot of money, this will depend on the school where you had your degree. If it isn’t one of the tops schools recognized by employers, the degree may be useless.
Hiring managers don’t often decide based on your degree. The most important is the experience and expertise you can bring in the table. For some, an MBA is just an extension of your name but not a way to gauge what you can contribute to the company. They prefer those who think out of the box and not just someone who has a master’s degree.
So, do you need an MBA? This is one question that only you can answer. If you have the time and money, why not? There’s no harm in pursuing further studies to enhance your knowledge and become more competitive.