MBAs are expensive, require work experience for admission, and usually last two whole years. Is it worth it to get one instead of some other cheaper and quicker business postgraduate?
Well, this degree is a ticket to a quality leadership position for people wishing to level up their careers, especially seasoned business professionals, since this is one of the most prestigious postgraduate programs in the US.
MBAs have their advantages and disadvantages, just as all postgraduate programs do. If you aren’t sure about getting an MBA, here are some reasons why they are worth it.
1. Background
MBAs originated in the US and have been around since 1908. Since it’s been established for a long time, it is a reputable program that everyone knows about. If you want a program that will set you apart from people applying to newer management postgraduate programs, this is the one for you.
2. Audience
MBAs are designed for business professionals who have an established career for at least three years. They are meant to build more knowledge onto the wisdom people have gathered throughout their careers. This program is for people who wish to upgrade their careers and become qualified for leadership positions.
3. Curriculum
An MBA program has the most hands-on instruction style of any business-related postgraduate program. Rather than being a theoretical program focused on lectures, it involves the case study approach. You and other seasoned individuals discuss cases in class and learn from each other as well as from the professor.
This is the best option for people with a strong foundation in business looking to expand their horizons. It has more options for specialization and electives than other postgraduate programs. Consider this curriculum difference when comparing MBA vs. master’s in management.
4. Careers
MBAs are for people who wish to secure mid-level leadership roles in companies. Other less prestigious programs have more lax entrance requirements and lower fees.
They are designed for people wishing to kick-start their careers with advanced knowledge, while MBAs are for people looking to take their careers to the next level.
5. Popularity
The MBA program is easily the most popular business program in the US, given its lengthy history. Most other programs aren’t as well-known to employers as MBAs are. Given this popularity, an MBA is a better asset in the job market than some other postgraduate degree related to business.
6. Salary
As MBAs are meant for older postgraduate students who have some established work experience, job opportunities requiring MBAs pay higher. Your chances of securing a leadership role within a company skyrocket with an MBA degree in your pocket.
Conclusion
In summation, for the right student, an MBA program is more than worth it, even though it has tough entry requirements, lasts a complete two years, and is generally more expensive. It makes up for all of that with its many advantages, including hands-on or practical instruction, popularity, and higher salaries upon hiring. We hope this informative blog has helped you while you’re considering whether an MBA program is meant for you or not.
Featured Photo by Pavel Danilyuk
