An MBA is one of the most lucrative job-oriented courses out there. In fact, an MBA-holder’s pay grade can even trump the average salaries earned by doctors and engineers in India. So, it’s no wonder that more people are opting for an MBA with every passing year.
What makes MBAs so sought after by so many people?
- Higher Salaries
As mentioned above, an MBA can help you make more money than most other career paths. In fact, you could earn average salaries greater than INR 5 lakh right after obtaining your MBA, with a bit of luck, networking, and prior industry experience—the latter is a prerequisite for most MBA courses in the first place.
- Perspective On The Business World
The world of business encompasses an ever-expanding ocean of knowledge. The more you explore it, the more you learn. However, to begin exploring in the first place, you will need a basic understanding of the way this world works. To that end, an MBA becomes the bedrock all your future business endeavors will rest on. It will expose you to fresh perspectives on how to look at things in the business context.
- Gets You Better Career Opportunities
When you have an MBA degree adding to your prior qualifications, you’re more likely to land a job that involves greater responsibilities and higher pay than if you were only qualified in the field, but didn’t possess an MBA. In fact, a recent statistic claims that individuals with MBAs hold 70% of all managerial and board member roles in organizations across the world.
- Improves Your Business Network
One of the main reasons MBAs are so popular is because of all the networking opportunities that come with it. Basically, you get to meet hundreds of future entrepreneurs and business leaders through your course. You can also meet future employers through the various internships you’ll undertake as part of your course.
To sum it up, an MBA is simply one of the best ways to advance your career, scale new heights, and become an integral part of the global business network.