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Why do an MBA?
So other than the items discussed above these are the main reasons
for doing an MBA:
-
Immediate Change in Career Path: If you feel
like you are stuck in a dead-end field and long for a career
make-over, then the MBA may be right for you. For people with
a background in a technical field such as science or engineering,
adding an MBA creates a powerful combination and will open up
many new job opportunities. Quite often, the change in career
path is accompanied with a substantial increase in salary. Today
the combination of a technical and business degree is high in
demand, thus creating a higher level of compensation.
- Future Career Progression: If you are happy
in your current job but want to make sure you are in better
chance to get the next promotion, when the opportunity arises,
then the MBA may also be right for you. Even though you may
not be ready for management yet, with an MBA, it will surely
be easier to convince the boss that you deserve that promotion
when the time comes.
- Justify a Position/Promotion: If you are
already in a management or leadership position, your organization
may request that you acquire an MBA to justify your position.
Having a management degree is often a requirement for C-level
executives. These types of individuals should opt for the Executive
MBA (EMBA), a program tailored for people who have a lot of
money, but not a lot of time.
- Network for Business Opportunities: If you
are an entrepreneur and currently run your own company, your
business may benefit by expanding your network into the MBA
alumni community. Beware that the quality of the alumni network
is directly dependent on the quality of the institution, so
if this is your main motivation to do an MBA, then you should
probably target a top-tier school (i.e. Ivy League). However,
if you wish to one day start your own business, then don’t
waste your time and money attaining an MBA. Start the business!
Starting your own business is a hands-on process and there is
nothing in the MBA that will immediately help you do so.
Many MBA programs are geared towards producing “cookie-cutter”
graduates who are ideally suited for consulting firms. College
programs such as the MBA are after all, money making institutions.
Unfortunately, these types of programs encourage students
to avoid risk, and thus make them lose a good part of their
entrepreneurial spirit.
Agree? Disagree? Or simply want to add your 2 cents? Share your
opinion on the Why
do an MBA? Discussion Board.
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