The MBA (Master of Business Administration) is a postgraduate degree that is awarded to students who have mastered the study of business. The MBA degree is commonly considered one of the most prestigious and sought after degrees in the world.Students of MBA programs study the theory and application of business and management principles. This type of study equips students with knowledge that can be applied to a variety of real world business situations.The main reason to get an MBA degree is to increase your salary potential and advance your career. Because graduates who hold an MBA degree are eligible for jobs that would not be offered to those who hold only a high school diploma, an MBA degree is almost a necessity in today’s business world.In most cases, an MBA degree is required for executive and senior management positions. There are some companies who will not even consider applicants unless they have an MBA degree.Many MBA programs offer an education in general management along with a more specialized curriculum. Because this type of education is relevant to all industries and sectors, it will be valuable regardless of the career that is chosen after graduation. An MBA, is a very hot topic nowadays. Is this just a trend, a trifle, or is there real value in pursuing such a study programme?. The MBA degree is one of the most prestigious degrees in the world. Many employers who are seeking to fill management, supervisory, or consultant positions prefer business graduates with an MBA degree. Elijah Institute Of Management Studies offer different types of MBA degrees.
Accounting
Business Management
E-Business/E-Commerce
Economics
Entrepreneurship
Finance
Global Management
Human Resources Management
Information Systems
Marketing
Operations Management
Strategic/Risk Management
Technology Management
It is expensive and demanding and it has high entry requirements, so why should you opt for an MBA?
Higher salary
The average salary for an MBA graduate is considerably higher than that of an employee with a regular master qualification. For MBA graduates the average salary ranges from 70.000 $ to 120.000 $ . That is almost twice as much of what you can expect to earn with a regular University degree.
Better career opportunities
Graduates of an MBA programme have, due to their qualification, higher chances of obtaining and holding a high level management position. It is estimated that 70% of the MBA graduates worldwide are senior managers or board directors. This type of position brings along a higher salary but of course also a higher responsibility and longer working hours.
Better consolidated business network
As an MBA student you have great networking opportunities. Through this type of study you get to know and interact in a relevant manner with colleagues , professors and teaching staff. This extensive, well consolidate business network is bound to pay off throughout your whole career making you the first-hand recipient of all relevant information in the field and giving you better chances at seizing the best opportunities.
New skill and knowledge acquisition
Studying a Master of Business Administration forces you to get out of your comfort zone, deal with the latest issues, apply the newest management techniques and just constantly challenge yourself, your practices and your approaches. And that will continue after graduation as well, as an MBA also provides you with the channels that will keep this challenge alive and push you to continuously improve.
A holistic perspective on the business world
As mentioned before, through studying an MBA you become part of a great network of professionals and companies and you constantly challenge yourself with the newest problem-solving. These things together give you a great overview of the business world, a deep understanding and a certain receptiveness to the slight changes of this environment. This type of overview and sensitivity is very hard to achieve without spending a lot of time on it. Also, as regular employee, your access will be restricted to much of the relevant information.
When choosing an MBA program, you should look for accredited programs that match your career goals. You should also look for programs that have good career placement rates and tuition that you can afford.