An MBA degree is an essential component that will make the career graph go upwards. If one works diligently and gets the recognition they deserve, then they can surely reach up to high management positions. Many aspirants while working in different fields realize that their true potential is management. An MBA acts as an ideal switch of careers where one can start late as well. Many B-school aspirants start their MBA after 30 when they develop some working experience and know-how in the field.
An MBA from a top B-school offers a lot of opportunities for learning and experience. In the beginning, they teach everything, and then, later on, one can decide according to their own interests which stream they want to enter like marketing, HR, public relations, management, etc. An MBA offers tremendous growth opportunities. If one can get into the top B-schools through CAT or GMAT, then the placements offered are exceptionally good and well-paying for a fresher.
It is no secret that MBA graduates from top B-schools get extremely good salaries. With an MBA, one gets twice the salary they would get by working as an engineer or a banker or any degree for that matter. The high salaries show that companies value good management employees who can manage organizations. When the salaries of an engineer and marketing manager are compared, it is seen that the average starting salary of an engineer is around INR 3.60 LPA whereas the average starting salary of a marketing manager is around INR 4.5 LPA per annum. Even after 4-5 years of experience, an engineer earns around INR 4 LPA - INR 5LPA whereas a marketing manager earns around INR 6.5 LPA - 7LPA.
Table of Contents
2.8 Why MBA in Business Analytics
2.9 Why MBA in International Business
2.11 Why MBA in Marketing
Why Study MBA?
These days there are many people who wish to get an MBA degree because of the perks that come with the degree. Many candidates even pursue an MBA without even recognizing the actual reason to pursue it. This is the reason B-schools ask their candidates ‘Why MBA?’. Listed below are some of the reasons for pursuing an MBA degree:
- Job prospects- An MBA provides many job opportunities and that is why many people prefer an MBA over other postgraduate degrees. The topics that are taught are MBA help in the development of many skills that are valued in the companies. An MBA graduate from a reputed B-school gets an upper hand when it comes to managerial responsibilities, business intelligence, negotiation, and other business opportunities.
- Career transformation- With an MBA degree people can transform their careers. People now demand more well-paying and interesting jobs rather than simple monotonous work.
- Improves personal reputation- An MBA from reputed B-school gains a lot of respect from different companies that have established strong brand identities.
- Opportunity to learn managerial and entrepreneurial skills- MBA is not just about theory covered in lectures. Here, people get to learn many new sets of skills such as public speaking, leadership, conflict management, negotiation, teamwork, etc.
- Opportunity to build new networks- Network building is very important in the MBA world. Social events and launches are a good platform to develop new professional relationships.
- Option of distance learning- Since the pandemic has struck the country, colleges and universities have started operating in an online mode which has allowed MBA professionals to combine work and study. This way they can combine full-time study programs and work.
Why is MBA Important?
In this professional-oriented world, having an MBA degree really helps since it can seriously transform a person’s career prospects.
People can transition from mid-level employees to decision-making representatives. Most of the job descriptions for senior managers or managerial positions often ask for an MBA degree. So an MBA degree might not be an absolute compulsion but it definitely is a show stopper in one’s resume.
Why MBA After Engineering?
The career scope for BE students after MBA is not limited. Let’s see some of the top reasons to choose an MBA after BE:
- During BE course, students are exposed to technical aspects of engineering subjects. Hence, MBA familiarizes them with management skills to resolve real-world issues. Moreover, the salary package that comes with the job after MBA is 7 Lakhs to 8 Lakhs per annum.
- MBA is the best option for students who wish to be an entrepreneur after a Bachelor's in Engineering. MBA teaches management of finances, organizing, and how to execute a business plan.
- There is no age bar to pursue an MBA course. Students after BE course or after working in the corporate sector can go for MBA to enhance their knowledge of the business world.
- Most importantly, MBA is vital after BE because it shapes the career and enhances a student's personality and leadership quality.
Why MBA After BTech?
An MBA degree after BTech holds a great value in the corporate world. Check out the following points to know why pursuing an MBA after BTech is a good decision:
- Students during BTech courses get analytical and technical skills which further help them to deal with technical aspects efficiently. Any business scenario requires both technical and managerial skills to deal with a critical situation. Hence, with an MBA they just need to hone their managerial skills to get a good job.
- Doing MBA helps students to gain leadership skills, and improves management and communication skills. Not only this but also it grooms the students in professionalism and provides awareness of a global market.
- For BTech students, a specialization in Operation Management is one of the best options as it offers a wide range of required skills such as leadership skills to manage a project, operational skills, supply chain, and other analytical skills. Operation Management job is quite a popular job position across various industries. This accelerates the student’s career in the corporate world.
Why MBA After BSc?
BSc is a popular 3-year undergraduate course preferred by students after class 12. BSc in Chemistry, BSc Computer Science, BSc Mathematics, BSc Biotechnology, etc. are popular BSc courses that students opt for.
After completing a BSc degree, students can pursue MBA and choose managerial or other related posts for jobs. Top MBA institutes look for new skills, such as adaptability, leadership and communication skills, and critical thinking, regardless of degree.
The top reasons to pursue MBA after BSc are discussed below:
- Pursuing an MBA is advantageous for BSc students; it opens a wide range of career opportunities to explore and make a better future career in different sectors.
- MBA provides a mix of technical and managerial skills that will help students fit into any job profile. Students of BSc graduate can go for a specialization like Healthcare Management, hospitality management, aviation management, Pharmaceutical Management, MBA in Financial Management, and others.
- Doing MBA after BSc helps in career advancement. Students get well-paid jobs, and varied job options, and the chances of promotion are usually high.
- A BSc degree focuses on theoretical as well as practical aspects of the concerned field. This involves technical skills, critical thinking, and wide exposure to the field. With MBA, skills like managerial, adaptability, leadership, entrepreneurship, and mitigation and troubleshooting abilities adds-on to the skills they have acquired during the BSc course. As a result, this enhances their overall personality development and brings professionalism to them.
Why MBA in Finance?
MBA in Finance is one of the most in-demand courses in management. Check out the following points to know why MBA in Finance is the best choice:
- Every sector needs a finance expert to deal with the finances of the industry. With an MBA in Finance, one can get a job in any industry.
- Students who have an MBA Finance degree get a chance to work in the government and private sector as financial advisors, investment bankers, stock traders, equity analysts, etc.
- Students after completing an MBA in Finance have options to become a Certified Management Accountant (CMA) or Certified Public Accountant (CPA). CMA and CPA are two internationally recognized certificate that helps one to get a job abroad.
- MBA in Finance offers a lucrative career and job security to individuals working in any sector. Management of a company’s finance, investment details, a record of cash flow, etc., are some of the activities that need to maintain throughout the year. This means employment options in this field is higher in the coming years.
Why MBA After BCom?
Pursuing an MBA after BCom is an ideal option. To know in detail why to pursue MBA after the completion of the BCom course, go through the following points:
- MBA gives more scope to make a bright career and chances of getting a well-paid job are higher than the graduate students.
- Moreover, the BCom course only provides theoretical knowledge about the subject which is not sufficient to work in a good company. Therefore, taking up MBA as a course can help students to instill the required skills and choose their desired profession.
- BCom focuses on subjects like accountancy, finance, taxation, etc., and these subjects are fundamental topics taught in MBA classes. Hence, it becomes easy for BCom students to grasp the concepts during the initial phase of the management course. This provides students with an opportunity to expand their knowledge and acquire strategic thinking, problem-solving, decision-making, etc.
- There is a variety of specializations to take up for BCom graduate students. Students with an interest in a particular field like marketing or business analytics have the option to go for a specialization. Some of the popular specializations for BCom students are MBA in Finance, MBA in Business Analytics, MBA in Marketing, MBA in Human Resource Management, and more.
Why MBA After BBA?
Bachelor in Business Administration is the foundation of an MBA. Let us know in detail why MBA is best after BBA:
- BBA teaches students the basics of business studies, accounting, business law, and business economics and specialization in finance, marketing, entrepreneurship, etc. With this, they gain skills that becomes easier for them to broaden their knowledge and an edge over other students in terms of jobs.
- MBA after BBA provides a detailed understanding of the corporate world, making it easier for the students to become well-versed in the subjects studied during the BBA course.
- After the Bachelor in Business Administration, students get entry-level jobs with a minimum pay scale. But with an MBA degree students get into good MNCs that offer job security and package.
Why MBA After BCA?
Entering into an entrepreneurship or business administration can be a versatile career. Students with a BCA degree can too pursue MBA to make their career in management. Some of the reasons to choose an MBA right after completing the Bachelor in Computer Application are listed below:
- BCA students can opt for computer-related courses which will help them to get into a well-paying job. Blockchain, cyber security, cryptocurrency, big data, etc, are the fields with many employment opportunities.
- Job scope and career advancement are less with a degree in BCA. But once students go for MBA, which equips them with skillsets and broadens their knowledge, they get many job options to build their future careers.
- With regards to average annual salary, BCA students after an MBA get an average salary of around INR 8,00,000 per annum. With just a bachelor's degree in Computer Application one earns around INR 2,00,000 - INR 3,00,000 per annum.
- Students of BCA can also switch to MBA in HRM, MBA Operation, MBA Consulting, MBA Communication, etc.
Why MBA in Business Analytics?
The demand for business analysts is increasing rapidly as the world is becoming more inclined to turn to data for decision-making. There is scope for higher salaries as Professionals with an MBA in Business Analytics are employed by leading national and multinational companies.
- Business Analytics provides a real-time solution to problems and is a take-off platform for a dream career. Data analytics is the cornerstone that accelerates the pace of development in every company and industry.
- MBA in Business Analytics helps in upskilling and staying updated with the latest concepts such as big data analytics, R-programming, Python, etc. It can help in acquiring skills like statistical analysis, quantitative analysis, predictive modeling, etc.
- Enrolling for an MBA in Business Analytics also helps to learn about analytics approaches, which are crucial to any industry’s decision-making procedures.
- Business Analytics is still evolving with technological advancements. The field has a lot of untapped potential and opportunities yet to be discovered.
Why MBA in International Business?
There is a huge increase in the number of international companies doing business and the economy is more international every day. This has led to an increase in demand for courses like the MBA International Business.
- The MBA in International Business enhances knowledge of the law of international business including human rights laws, humanitarian laws, and international investment laws.
- Through International Business Courses knowledge of international trade practices, government policies, foreign markets, and the risks and opportunities posed by global trade can be understood.
- International companies have the foresight to establish, expand and grow their businesses abroad, thus expanding the scope of the MBA in International Business.
- A lot of students pursuing a master’s degree in business administration for international operations gain additional job opportunities. Some students use this program for international exchanges and overseas visits. This helps them in gaining experience that most other business graduates don't have.
Why MBA in Operations?
MBA in Operations helps in gaining skills that are always needed by businesses. These skills help you to optimize human resources, raw materials, inventory, etc. to get the maximum results.
- MBA in Operations is the most sought-after course not just by multinational corporations, investment banks, and consultancies, but also by international organizations like World Trade Organisation, World Bank, and other firms that prefer an MBA graduate to head their organizations.
- According to GMAC Corporate Recruiters Survey, 26% of employers surveyed plan to hire MBA graduates for operations roles in 2019.
- The field of operation is very wide. The Operations MBA covers the entire process from sourcing raw materials to manufacturing and shipping the final product to the customer. As such, an MBA in Operations Management gives great flexibility as you move between different job titles and sectors.
- By pursuing MBA in Operations management, students can get the chance to work with new technology. Whether working in a hospital or on the factory floor, an operations manager often ends up using technology to solve problems.
Why MBA in Marketing?
An MBA in marketing not only prepares for careers in marketing but also in other career options such as consulting entrepreneurial careers, and general management. It also helps in learning skills such as mathematics, communications, and, management.
- Through MBA in marketing, knowledge of trends and established theories can be gained. Students in this program examine the shifting nature of international markets and marketing analytics. They study the core concepts of marketing management and strategy.
- By choosing an MBA in marketing, you position yourself to cultivate marketing expertise and fundamental business knowledge. This Marketing course is open to students regardless of their business experience.
- A master’s degree in marketing can boost the compensation package. According to Payscale, the annual salary of an MBA in marketing degree holder ranges from INR 3 lakh to INR 20 lakh, depending on the experience, company, and sector.
- A creative and self-driven marketing manager may rise through the ranks and could become a product development manager in an innovative organization. As the experience grows in the field, the reward in terms of salary and variable pay can be huge.
Why is MBA so Expensive?
There are several reasons for MBA being an expensive degree. MBA is the most expensive course to study globally. Aspirants pay a hefty amount to complete the two-year program.
- Hostel charges can be considered as one of the many reasons. Students from all over the country aspire to enter reputed B-schools to study MBA and most of them opt for these residential services. This means they have to pay extra for accommodation.
- A degree is a qualification that gives students a step up in their careers and enhances their abilities and skills. MBA program tuition also includes an opportunity cost. Those costs are lost salaries, work experience, and possibly promotions.
- Expertise is the other main reason. Business schools invest in expert faculty. Top MBA professors often have extensive industry experience and strong academic credentials. Learning from these experts is one of the main benefits of an MBA.
- Many top MBA programs offer on-campus resources such as Bloomberg Trading Terminals and Innovation Labs. Business schools are increasingly using digital learning models like Metaverse to deliver their programs online, but this naturally comes at a higher cost.
- Many programs include expenses for international travel, hands-on consulting projects, and other experiences. Also, the career fairs, workshops, and coaching make offering an MBA a costly proposition.
- Applicants must consistently maintain good scores or grades to reap the absolute benefits of an MBA degree. Top recruiters always consider not only a candidate's skills but also the percentile of the candidate. Therefore, reputable B-Schools always pay attention to these facts and prepare their students for the best jobs in the industry.
Why MBA is an Important for Business?
Starting a business in today's fast-paced digital economy can be challenging, and earning an MBA can help in meeting these challenges. An MBA from an accredited business school that offers a specialization in entrepreneurship or a similar field can provide the skills and knowledge needed to start a successful business while avoiding the pitfalls that come with starting a business.
- The MBA is a world-renowned postgraduate course and it helps develop management skills and entrepreneurial abilities. An MBA course covers marketing, accounting, and management and allows people to get jobs in the private, administrative, and public sectors.
- Poor research and planning, lack of sufficient capital or cash flow, poor financial management, delivery problems, poor customer service, poor marketing, and product or service launches lacking consumer demand all lead to business failure. Offering extensive courses in entrepreneurship and business management concepts, our MBA program can help you realize the dream of starting a business.
- An MBA can familiarize you with many of the technical tools and software you'll need for sales, operations, accounting, human resources, e-commerce, and marketing.
- It helps employees gain experience and perform their jobs efficiently without making many mistakes. They learn to run a business with theoretical and practical knowledge. A degree provides employees with a variety of good employment opportunities.
Why MBA is an Ideal for Switching Careers?
Every MBA aspirant coming from B-faculties does not desire to study accounting, finance, method, and marketing, however, they arrive to pursue an MBA for the profession. Be a professional changer or maybe change the industry. An MBA profession calls for making plans with foresight and cautious consideration.
- Pursuing an MBA for a career change is a great strategy and advantageous for career switchers. Building a network is one of the primary reasons for people to pursue an MBA for a career change.
- An MBA degree can help in developing creativity and marketing skills. And if someone wants to improve their communication skills, an MBA will give them the skills they need to earn respect and lead the team to success. Other skills include leadership and management skills, accounting, data collection, team member motivation, and quick and competent decision-making, depending on the area of specialization.
- Completing an MBA can help in leveling up within the company, which can be ideal if someone is looking to move into a management position.
- An MBA is a good way to pick up new skill sets to make an attractive candidate. One of the most common scenarios is when an engineer is considering a career change. Acquisition of new skills in marketing, operations, finance, strategy, and human resources enables engineers to take on a wide range of roles upon completion of the program.
- Most people go into their MBA with a very specific career goal and if they are open to other paths, there are so many interesting jobs and opportunities available through an MBA.
Why MBA Offers You Growth?
MBA graduates understand the perceived financial and non-monetary costs and benefits of a degree. Increased confidence was one of the most important non-financial benefits of an MBA degree. Job security and high salary are the most important reasons why MBA degrees are so popular.
- It makes a person more skilled and versatile regardless of job title because of applicable qualities like leadership, critical and analytical thinking, creativity, and communication
- Master in Business Administration degree offers highest paid jobs in the corporate sector. It is an essential step in growth. It opens up new opportunities and fulfills dreams of running a start-up and being your own boss.
- The MBA program paves the way to interact with future managers and leaders in peer groups. After graduation, an MBA colleague may be considered an ideal business partner or give you a special recommendation.
- MBA graduates already earn some of the highest salaries in the industry. An MBA degree increases the chances of getting a job with the top companies in the industry offering the best packages.
- The skills acquired in a management program are critical to most businesses, and a job role in the company often includes making business decisions to help the company profitably grow.
Why MBA will Help You Earn a Better Package?
Salaries for MBA graduates vary by job type and location. Different organizations and companies give individuals different pay grades depending on their cost of living and market value.
- One of the most important professional goals for prospective MBA students is increasing their income, and studies of B-school graduates show that average post-MBA salaries do not disappoint. Nearly 9 out of 10 graduates agree that their degree has improved their employability, and the same number rate their degree as good to excellent overall. Increase.
- MBAs often make more money than graduates of other degrees, whether it's a master's degree in business or a completely different program. Doing an MBA degree is thus a surefire way of increasing your salary.
- Graduates from the best or most respected universities start their careers in the INR 15 Lakhs to INR 20 Lakhs salary range. Such huge packages are found only in the management industry.
- Candidates with an MBA degree start their careers at a higher position and reach the top of the company in less time, making more money throughout their careers. Completing MBA while continuing my current career path will increase my chances of landing a middle management position. Therefore, their salary will increase according to the position they are promoted to.
Why MBA: FAQs
Ques. Is doing MBA worth the money?
Ans. After getting an MBA degree, one can procure high paying jobs and make a good career along with gaining good financial stability. As a budding entrepreneur, an MBA degree can also help you reach your goals.
Ques. Why should one do MBA?
Ans. An MBA degree gives you the requisite skills to excel in the field of management. It teaches you about the techniques required in the daily life of a manager and also equips you with the talent to understand the global market scenario. Thus, pursuing an MBA course appears to be important.
Ques. Who all can do MBA?
Ans. Any student who has completed graduation and wants to enter the corporate world or the management sector should look for pursuing an MBA degree.
Ques. Why is MBA so expensive?
Ans. An MBA course requires enough resources to deliver essential skills and talent to the students. Also considering the value it offers to students after MBA Placements, the cost of MBA generally stays high.
Ques. Why are MBA jobs stressful?
Ans.To be honest, yes, MBA jobs are stressful sometimes, but not every time. Depending on the seniority level of your profile, situations can be tense at times, but tackling them calmly and bringing out the best solution is the real adventure of this stream.
Ques. Why do all CEOs have an MBA?
Ans. All CEOs do not have an MBA. However, at least 15 out of 30 CEOs have an MBA degree. Having an MBA degree gives you an edge over others in business matters.
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