5 minute read
LSBR Blog
How an MBA degree helps you get your dream job and preferred wage
Are you not getting that promotion or receiving that increase in pay you so much desired? Are you troubled by the occasional feeling that you’re not making progress as quickly as you would love to? These all go to show that you’re not taking a critical look at why you’re failing to achieve your goals.
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Ask yourself why your colleague was more qualified than you for a leadership position.
Ask yourself why you got a 5% pay increase instead of the 20% you were expecting.
You’re likely getting overlooked for these opportunities because you lack experience or skills for these promotions. But luckily for you, there is a way to fix this. You can gain experience and leadership skills by going through a part-time or full-time MBA program. This program would give you the necessary conditioning to adapt to new roles and industries that differ from your area of specialisation. It can even help get you that pay increase you so much desire.
How can an MBA degree help you get the position of your dreams and the salary to match? Improve soft skills necessary for management and leadership
A lot of people think because they are very competent in a particular role, they’ll be at the top of the list for a promotion. But that isn’t the case because the abilities or skills you employ in achieving those tasks are quite different from what you’ll need to manage and lead a team of professionals for a large project. There’s a likelihood that the mode of operation your company uses or tactics your company employs, is helping you shine in that role. You may still lack the critical skills for management and leadership tasks like critical thinking, empathy and strong decision-making skills. A 1 year MBA program could equip you with specific skills that attract employers such as communication, leadership, critical thinking and cross-cultural competency.
You could foster and nurture your soft skills during a 1 year MBA program because these programs provide an atmosphere for you to have immediate and candid feedback from associates, friends, professors and mentors which would be a lot difficult without an MBA program.
Improve the hard skills needed to change functions easily
It is possible that after obtaining your undergraduate degree, you might have ventured into an aspect of a business, and without knowing better opportunities, you might desire to switch your area of expertise. A better way of switching is by taking advantage of the experience you’ve had while working as a professional and catapult into a new role by going to an MBA program. Your time in the industry would have provided you with an incline on the aspects you succeed in at the workplace while also shedding light on areas that need improvement. With the assessment you’ve made on yourself, you can find the best way and role to pivot into. For instance, consider a project manager who wants to be an entrepreneur. A PM has a specialty in managing people and ensuring projects are completed before deadlines, while an entrepreneur possesses an ability to create ideas and also manage risks effectively. By heading back to take a 1 year MBA, the project manager could successfully acquire the skills needed to become an entrepreneur.
Connect and expand to pivot industries
Take into consideration someone who’s been in the tech marketing for 12 years but desires to move into agricultural marketing. Moving between both fields will demand the acquisition of new skills and a new network of professionals in that space. As crucial as lecturing you on skills, techniques and business trends to help you break-in and take full advantage of the industry you want to move into, it is likewise essential to create a network of colleagues, business executives, and professors in your selected space. In the end, reliable connections can speed up the job search process. In most schools that offer full-time or part-time MBA programs, there is usually a forum present that provides means of connections for alumni to connect with an advisor to build a brand or secure a job.
Learn to showcase your initiative
The boldness to take the initiative is essential for promotions and is a typical feedback manager dish out to employees. This ability to receive feedback and refine it into something valuable is a difficult skill to showcase in a work environment. But not displaying these characteristics impede your chances of moving up the ladder in your company. A way of showing your employer you can take the initiative is by applying for an MBA. An MBA gives an employer the idea that you’re ready to develop yourself for the good of the company and goes a long way in expressing what your take on the existing conditions of the company are. Furthermore, from a 1 year MBA program, you’ll have access to opportunities to receive feedback from opportunities like conferences and competitions that will challenge you to sharpen your business acumen.
Add experience to increase your salary
A study from 2019 shows that 90% of MBA students receive job offers no to long after graduating, and 70% of them receive a sign-on bonus. With the graduates commanding annual salaries north of £100,000 and an average sign-in bonus of £29,000.
The process of landing a job with a high pay isn’t just dependent on your grades and qualifications. There’s a specific method to emphasising your strengths and buttressing your worth, at the same time displaying shrewd professionalism during the hiring process. It is assumed that these skills would be imbibed during your MBA program.
One could also count on the network you gathered through the course of an MBA program to gain insights into the intricacies of the hiring process in the industry and construct a smart way to manoeuvre around them.
