An MBA (Master of Business Administration) can be a very beneficial qualification to take as it enhances both skills and knowledge in the finance sector. If you wish to attend a business school to study a Master in Business Administration, you may at first be put off with how demanding and expensive this program is, not to mention its high entry requirements. However, there are many good reasons for which it is worth studying for an MBA. Here is a detailed guide about how doing an MBA can benefit your career.
Doing an MBA degree not only gives the graduate better career opportunities , but higher salaries also go hand in hand with this program. Due to the graduate’s qualification, his or her chances of finding a top level management job are much higher. If you want to further your career in business management, an MBA would definitely increase your chances of achieving this.
Students who are currently studying an MBA program will have greater business networking opportunities. Many universities allow you to get to know or interact with professionals that have on-field experience. Furthermore, if you are doing an MBA on a part-time basis within your company, you will be able to potentially meet with other employers through internships. By getting access to a wider business network, you will surely be able to expand your current career and have better chances of landing your dream job.
New skills and Knowledge
An MBA education gives you new skills and knowledge to enhance your current career. After working in the office for two or three years, and gaining adequate experience, you will realise that you were in fact stuck in a comfort zone. By doing your Master of Business Administration course, you will soon be forced out of your comfort zone and learn how to deal with the latest issues. This program will give you the opportunity to constantly challenge and push yourself in order to continuously improve.
Problem-solving is one of the most important attributes that you will learn through this program. You will get a better overview of the business world and a deeper understanding of the changes that occur in the business environment.
Are you the right sort of person to study an MBA?
If you are contemplating whether or not you will be a suitable candidate for this program, then you should ask yourself the following questions: Are you the type of person who can easily handle a leadership position? Do you feel comfortable with taking on a lot of responsibility? Do you like being in charge of a team? If the answers are yes – then you are good to go!
Career options for MBA graduates
MBA Career options For MBA finance graduates, there are excellent array of career options ranging from financial management, consultants to analysts. Aside from these, you can also become a real estate planner in banks, an insurance advisor, or a credit manager. There is no denying about the high salaries that investment bankers earn as their main responsibilities are to raise capital and advise people on acquisitions. This is a sought after career option, which offers you scope for self improvement.
MBA holders can also turn to the health care industry as a different career. As the number of medical facilities grows, and the population expands, trained professionals will be in more demand to make important decisions. This is where you can take the opportunity and use your financial abilities to take charge of the business side of these facilities. You would be expected to help plan out strategic goals and set targets to minimise monetary losses, while at the same time increasing efficiency and productivity. As a health care executive, you are required to be computer savvy and fully knowledgeable about the most up-to-date systems that are currently being used in medical centres and clinics.
There are also other positions that are held by MBA-trained professionals. These include construction and regional management, which requires making regular visits to different shops as well as extensive travel. You would be responsible for paying monthly visits to all these shops, interacting with the floor managers, and providing support to them whenever necessary.
MBA graduates may either work as part of a team or independently. If you are allocated to work as part of a large team, you are expected to delegate the work in a responsible manner. You must be able to handle conflicts that may arise in your team, and listen to any suggestions that your team members make.
If you work independently, you will be expected to manage your time wisely, as you do not have as much accountability. There will be times that you need to telecommute, do your work from your home office, and communicate with management through video conferencing. One of the main advantages of working on your own is that you can set your working hours, but still remain productive.
These career options should give you some idea of the exciting and challenging opportunities that await you as an MBA graduate. With your MBA qualification, you can set the path to a successful and fruitful career in finance or any of the above sectors. If you are unable to attend a university to do your MBA course, don’t worry as there are many online colleges that offer this program. You can study part-time or full-time at your own convenience, and upgrade your skills and knowledge in order to keep up with the changing times.
To participate in our competition and win one of the five MBA scholarships from European University of Cyprus, click the following link www.kariera.com.cy/contest
*Until the 28th of January