More Students Are Now Pursuing MBA Programmes
-Reveals 2014 QS Applicant Survey... Are you planning to earn an MBA to give your career the boost it needs? Nowadays, business degrees have become highly popular among learners, young professionals and even employers. The 2014 QS Applicant Survey collected the views and opinions of over 5,000 B-schools applicants from across the globe to find out what actually encourages learners and what they expect to gain from their business education.
I believe that this rise in popularity of the MBA has been fuelled by various factors, however most students claim that only one deciding factor mainly motivates them to pursue a postgraduate business degree.
Here I am going to talk about the top 5 reasons why most individuals apply for an MBA programme.
Professional Development As an MBA can greatly improve your career prospects, professional advancement and development was one of the prime reasons for studying business as cited by more than 64 per cent of students. All MBA programmes offer their students the opportunity to acquire the necessary insight, knowledge and skills related to business. Hence you will be able to recognise and get the type of job you actually want.
Moreover, a business degree also allows you to effectively change your career, industry or job role. This is the reason why around 40 per cent applicants claimed career change was the determining factor in pursuing MBA in 2014.
33% of all applicants in 2014 cited entrepreneurship & 50% claimed developing professional network as some of the most important reasons for
Learn The Right Job Skills
pursuing a business degree
Acquiring essential and new job skills was ranked s the 2nd most popular factor for planning to pursue an MBA with more than 60 per cent students in 2014. With growing competition in the job market, it is becoming increasingly important for you to develop the management and leadership skills that global recruiters are looking for. An MBA programme can not only help
you build these skills, but also enable you to secure great jobs and progress rapidly in your preferred industry.
Building Your Professional Network One of the best things about studying an MBA from a reputed business school or university is that you get excellent opportunities to meet and interact with people from various backgrounds, cultures and communities. You will develop strong bonds with your fellow learners that would result in long-lasting friendships. Moreover, as all students will become prominent managers and business leaders in future, your professional contacts will open up various new business opportunities for you. Hence it is not surprising that in 2014, around 50 per cent applicants claimed developing a professional network was one of the main reasons for studying an MBA.
Start Your Own Business
Many individuals go to business schools to learn how to start and run their own business and develop the necessary entrepreneurial skills. Hence, 33 per cent of all applicants in 2014 cited entrepreneurship as one of the most important reasons for pursuing a business degree.
Higher Income
Let’s face it...earning higher salaries is surely one of the main factors for every one of us to become an MBA graduate. Thus, 33 per cent students claimed this as their motivation in the 2014 survey. Salary is a determining factor as it financially rewards MBA students with what they have already invested into the programme in terms of fees, efforts and time.
Studying Business The Simple Way There is no doubt that an MBA degree can substantially increase your employability and job prospects by providing you quality education and relevant knowledge and skills required to build your career in the business world. However, the fact remains that studying an MBA would mean that you have to invest a heavy amount of time and money for pursuing the programme. Although this may be feasible for some recent graduates, leaving your job and committing your to a 2 year MBA programme is simply not possible for most professionals like us. Not only will it affect your earnings, but it might even impact your career by setting you back two to three years.
If you ask me, one of the simplest and most effective solutions for young professionals and aspiring entrepreneurs to pursue business education is to study an MBA top-up programme online. By pursuing an online MBA top-up you will be able to gain the necessary skills and knowledge that will help you gain a better understanding of business and management. As online courses do not have any scheduled classes or any requirement of attending classes on-campus, you can easily study and work on your fulltime job or start-up simultaneously. Moreover, your online MBA top-up programme will allow you to fast track to the 3rd year of a traditional MBA degree for a reputed university or B-school. No matter what your reason is for earning an MBA, with an online business degree you will be able to reach your career goals in no time.
So what is your reason for studying an MBA? Which one do you think is the most decisive factor from the list mentioned above? Share your thoughts and opinions with us by commenting below.
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