Should I complete an MBA degree, or not? This is the question many young professionals ask themselves because takes a lot of work and social sacrifices for any young professional. But it also has the chance to not only boost your career but your confidence.  

What is an MBA?

Master of Business Administration is a graduate degree that is focused on business principles, leadership and communication skills. It gives students a good professional network, potential job opportunities and a bigger salary. These benefits can happen sooner for those lucky students who get accepted to high-ranked programs fast. Those who aren’t as lucky to get into an acclaimed programme only get the full impact of an MBA a few years post-program. 

Those who are considering studying for an MBA have to give some thought to the time, money and effort that the degree requires. These things are important as they will be a decision-maker on whether you should study it or not. 

Here are reasons to help you decide whether to study for an MBA or not. 

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The Right Reasons To Study an MBA

Future Ventures

Are you ready for future skills? This means that many companies are looking to expand their talent with new people to make the business stronger. The skills organisations or businesses are looking for are empathy, communication skills, presentation skills, and team management. Having these skills come in handy when setting strategic plans and goals. 

Explore New Industries  

If you want to change your career, then maybe studying for an MBA may help you open your eyes to adjust. Business school is a great way to expand your networks and gain access to peers and faculty. Going to a business school can help people explore an entrepreneurial path. 

Kick-Start Your Career Path

Not everyone who pursues another degree wants to change career paths. Many just want to improve themselves at a professional level and get promoted to a senior level at their current company. 

Diversify Your Networks 

A reason for enrolling in an MBA program can be about becoming part of a community that grooms future leaders and connected alumni. Most programs offer their students various networking events that are hosted by clubs and companies. 

The Wrong Reasons To Study an MBA

A ‘Golden Ticket’ To Making More Money

An MBA isn’t a ‘golden’ ticket ’that will help you make more money. It takes dedication, proactivity, and passion to expand your knowledge and skills. It involves hard work and dedication. If you are on the right track with your profession and just have the desire for more money then pursuing an MBA won’t help you.

As mentioned above, studying for an MBA requires a lot of energy and effort. You can’t go back or continue with your studies if your heart’s not in it fully.  But if you are feeling low about your current career role or struggling to advance your career path, then look into pursuing an MBA, as this can boost your confidence and open doors for new opportunities.

Completing an MBA will give you the right skills to improve your expertise and look for a new position. MBA programs allow you to interact with others and learn a lot about different growing markets. 

Your Parents Offer To Pay For Your MBA Degree

Having financial support from your parents sounds amazing, but don’t let that be the sole reason why you apply for an MBA program. An MBA needs your full commitment and energy. If you aren’t all in, there are many other things you can do instead of going back to school. You can take online short courses, attend conferences, and webinars or do volunteer work. 

Boredom

Your current job bores you, and you want to get rid of the feeling. So your default option is going back to school? Right? Wrong! This would be a complete disaster, especially if you haven’t thought it through.

Do some self-reflection, and revalue your dreams and career desires. Think about why you are feeling bored and how you can overcome it. Ask yourself these questions: how are other people achieving their goals? Why am I not happy at my job? By answering these questions, you will gain better insight into what you should do next. 

Confusion 

Students that decide to study an MBA do it because they don’t know what else to do after completion of their degree. If you are studying for an MBA because of those around you doing it then that won’t help you. If you have the desire to succeed in your career and life then it’s important to identify your passions and move forward with them. 

Unrealistic Expectations

It’s amazing that you have post-MBA expectations but what is important is making sure it’s realistic for your career pathway. For instance, if you are early in your career and think that an MBA would help you get a higher position, then think again. Education and practical experience are linked and are required for success. Completing an MBA strengthens your competitiveness and provides skills for major success, but the degree won’t be the only requirement to reach your expectations. If you are stuck, set up SMART goals-goals that are specific, measurable, achievable, realistic, and time-bound. After setting these goals you can evaluate them and see if studying for an MBA is what you need. 

You Think the MBA Credential Will Look Good on Your Resume

Studying an MBA should be based on developing your strengths, not on it looking good for your resume. You should study for an MBA because you want to or because you want to learn new skills for a career change. Not every career path requires an MBA, but keep in mind that some companies treat MBA degrees as a pseudo-requirement for any applicant in the job market. And not having one could potentially lead you to not getting the desired job position. 

Closing Remarks

Deciding to earn an MBA degree is not easy because there are many things you need to consider before starting with the application process. Put all your reasoning into perspective and ask yourself, “Where do I want to be in my career in the next 5-10 years?” And if studying for an MBA is going to help fast-track your goals, then great. But if not, then invest your time and energy onto something else that will.

About the author
EWOR Team

EWOR is a school conceived by Europe’s top professors, entrepreneurs, and industry leaders. We educate and mentor young innovators to launch successful businesses.

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