All companies require individuals with business acumen. These people help their employers make sound marketing decisions with their sharp business insight. There’s hardly a better way to polish your commercial expertise than by pursuing a business administration career. It’s one of those degrees that still matter in this fast-moving world. In the 21st century, the MBA is attracting talented people from different sectors of society. How exactly people with credentials in MBA help a company prosper? We can categorize this question into two parts. The first part deals with the effects of an MBA on a person’s career. The second part discusses what such employees bring to the table.
How does an MBA degree help you?
What makes an MBA degree so lucrative for undergrads? The salary is good; it’s luxurious, to be honest. In 2019, people with a business administration background were earning more than $100,000 annually. Then we have the study-online option for coronavirus-affected students. You can pursue an MBA degree part-time while focusing on some other job. There are also entrepreneurship options for those who wish to become self-reliant. But how does an MBA degree make you attractive to potential employers?
- Personal skill development:
Around 40% of students pursue a career in business administration to improve their soft skills. These skills include leadership, public dealing, teamwork, decision-making, and communication. These capabilities allow students to become excellent workers and productive leaders.
- An international career:
Many students enroll in MBA programs primarily to enjoy an international experience. This way, they become familiar with the real-world and foreign markets. Online programs now allow students to get taught by world-renowned teachers.
- Specialization opportunities:
There are opportunities for students to incorporate their studies into other fields. If you go for an MBA, many pathways like MBA information technology management can open for graduates. Business administration comes in handy in healthcare management too. Both the IT and health industries require the expertise of MBA degree-holders.
- Career diversity:
Many MBA candidates aspire to become entrepreneurs after completing their education. A lot of them switch to an unexpected industry after graduating. This career diversity benefits different companies to lure newer employees. This variety of career avenues motivates many to enroll in MBA programs.
- Professional networking:
Networking is necessary to survive in any field. You can’t succeed without receiving some mentorship. Networking turns fresh employees into hardened workers. An MBA program makes way for you to interact with business people and business experts for self-learning.
How does an MBA degree help your employer?
We’ve ascertained what qualities make you an attractive employee. But why would your employer even care? Which factors motivate him/her to hire MBA graduates? That’s why we need to talk about how an MBA degree-holder benefits the company. Many people want their employers to fund their education and let them pursue a higher degree. How do you convince the company about your plans to finish an MBA? Use the following headers before preparing your speech for the big boss.
- Leadership and management skills:-
Many MBA programs provide coaching and leadership training to the students. Participants in such a program learn to reform their managerial skills. It makes them influential team leaders. MBA graduates develop a holistic view of the business realm when they’ve finished their studies. That’s how business administration contributes to the creation of collaborative and cooperative workplace culture. An MBA degree turns excellent managers into inspirational business leaders. No wonder 90% of Asia-Pacific companies wish to hire MBA graduates for top-tier positions. These graduates get endowed with exceptional communication and motivational management skills.
- Globalization with an international perspective:-
The international marketplace is an ever-changing industry. MBA programs prepare students to face the complex realities of this realm. Companies can use MBA graduates when it comes to collaboration with a multinational team and business custom diversity. You can’t succeed in the Arab, Indian, or Chinese markets without a global business perspective. Business Owners need MBA graduates to be able to traverse cultural barriers and attract foreign investors. An MBA degree enables students to gain firsthand experience in various business environments all over the world. They can bring global opportunities for the growth of their companies.
- Connections to diverse business networks:-
It doesn’t only matter what you know; it also matters who you know. A 2016 survey found that 85% of all business-related jobs got filled via some networking. Thus, MBA graduates can bring you fresh talent with their exhaustive connections. These connections also come to the employer’s rescue when the company faces any business-related challenge. These associations are necessary to survive in the competitive world of today. Business administration proves to be a solid foundation for the creation of these contacts. Not asking for help is one of the top mistakes made by executives that lead to business downfall.
- Bringing innovation to the workplace:-
The business world’s no exception to the wonders of AI, automation, and digital marketing. Information technology has crept into every subject imaginable and forcing professionals to seek innovative ideas. MBA graduates can propose creative suggestions without dismay or hesitation, a capability admired by managers. These fresh ideas introduce new elements in the workplace culture properly. MBA graduates can also think strategically and see the bigger picture before them. They never lose sight of what’s trending in the business world. With a sophisticated business outlook, these individuals can offer proposals necessary for the company’s survival.
- Beating competition with a stable workforce:-
Funding your employees’ MBA dreams is a profitable investment. The business world has become competitive. Many multinational companies sponsor online MBA programs for exceptional students. This sort of investment is inevitable in the 21st century. It creates a more stable and professional workforce, gifted with the latest marketing skills. A signed contract bounds employees to stay with the company for X years after finishing their studies. That’s how companies ensure talent stays with them for a given amount of time. An MBA degree has worldwide recognition and widely-appreciated credentials. So, you’ll get a highly-competitive and diligent workforce.
Conclusion
The emergence of industrialization paved the way for the introduction of business administration in the 20th century. This degree helps people access a network of alumni, top-tier internships, and numerous employment options. A 2016 Bloomberg Survey analyzed the return-on-investment of business graduates. Alums of 87 schools saw an 80% rise in salary upon graduation. Employees with an MBA degree have become a much sought-after necessity because of their unique business perception. With their observant perspective, these individuals heavily contribute to the success of a company. That’s why employers are so passionate about hiring MBA graduates for critical posts.
