In today’s competitive and dynamic world, having a degree that can enhance your professional skills and knowledge is essential for career growth and success. An MBA degree is one such qualification that can equip you with the necessary competencies and abilities to excel in various fields and industries. Whether you want to advance in your current role, switch to a different domain, or start your own venture, an MBA can help you achieve your goals and aspirations.
But how exactly does an MBA help in job-skillset development? What are the benefits of pursuing this course for your career prospects? In this blog, we will explore the MBA degree and some of the ways in which pursuing MBA can boost your employability and performance in the workplace.
An MBA is a postgraduate program in management that teaches students about the various realms of business management and administration. While deciding on pursuing MBA can be a big investment for most people, it is still one of the most popular degrees worldwide. Why is that, you might wonder?
Take a look at the table below to find out some MBA course details…which will also help you figure out what makes this such a hyped business course to boot.
|Full Form||Master of Business Administration|
|Types||Full-time, Part-time, Online|
|MBA Eligibility||UG degree in Accounts/related with a minimum of 50% marks|
|Admission Process||Merit-based or entrance exam|
|Common Entrance Exams||CAT, GMAT, SNAP, NMAT, XAT|
|Mode of Examination||Semester System|
|Average MBA Fees||INR 3.5 LPA and above|
|Common Specializations||Human Resources, Marketing, Finance, Information Systems|
|Average Salary||INR 5.9 LPA|
|Areas of Recruitment||Marketing, Finance, IT, Consulting, Aerospace, Software, Banking, Health, Media, Education, etc.|
An MBA degree offers a lot in terms of skill development in its rather short 2-year MBA course duration. Alongside skills, an MBA offers a lot more return on investment, almost guaranteed to bring you the breakout into management positions that matter. After all, the average MBA salary per month in India is around INR 40,000, which is only bound to increase as more experience is gained.
One of the most important outcomes of pursuing MBA degree is that it can help you develop managerial and leadership skills essential for any professional role. An MBA curriculum covers various aspects of business administration, such as finance, marketing, operations, strategy, human resources, and more. By learning these concepts and applying them to real-world scenarios, you can gain a holistic understanding of how businesses function and how to manage them effectively.
Moreover, soft skills developed in MBA, such as communication, teamwork, problem-solving, decision-making, and more are crucial for leading teams, handling conflicts, negotiating deals, and influencing stakeholders. An MBA degree can also help you develop a global mindset and a cross-cultural awareness that can enable you to work with diverse people and organizations.
Another benefit of pursuing MBA degree is that it can help you expand your network and opportunities. An MBA program offers you the chance to interact with faculty members, peers, alumni, industry experts, and potential employers from different backgrounds and sectors. By building relationships with these people, you can gain access to valuable insights, resources, mentorship, and support that can enhance your learning and career development.
Additionally, an MBA degree can also help you explore new avenues and opportunities for better jobs after MBA. It exposes you to various electives, specialisations, projects, internships, and placements that can help you discover your interests and strengths. You can also leverage your MBA job skills and networks to find new job openings, referrals, collaborations, or partnerships that can take your career to the next level.
A third advantage of pursuing MBA degree is that it can help you increase your salary and value in the market as this widely recognized and respected qualification can demonstrate your credibility and competence to potential employers. According to a survey by GMAC (Graduate Management Admission Council), the median annual base MBA salary for graduates of this postgraduate degree in India was significantly higher (around 77%) than the average salary for graduates from other disciplines.
Furthermore, pursuing MBA degree can also help you increase your value and worth as a professional. An MBA degree can equip you with the skills and knowledge that are in high demand in various industries and sectors. You can also use your MBA to showcase your achievements, accomplishments, and contributions to your current or prospective employers. By doing so, you can enhance your reputation and visibility in the market and stand out from the crowd.
Below are the average salary estimates for various MBA degree job opportunities graduates may be privy to.
|MBA Job Profiles||Average Salary|
|Finance Manager||8.2 LPA – 11 LPA|
|Bank Manager||6.4 LPA – 8.3 LPA|
|Data Analytics Manager||7.2 LPA – 9.5 LPA|
|Hotel Manager||5.5 LPA – 8 LPA|
|Marketing Manager||6 LPA – 8 LPA|
|HR Manager||5.8 LPA – 8 LPA|
We have also made a graph below comparing the average salaries of the MBA specializations that you can choose from at Cheran Arts and Science College.
An MBA degree is a valuable investment that can help you develop your job skillset and advance your career. By pursuing MBA, you can acquire managerial and leadership skills, expand your network and opportunities, and increase your salary and value.
However, before enrolling in an MBA program, you should thoroughly research colleges offering the course (take a look at the MBA at Cheran Arts and Science College). You should also consider your career goals, interests, preferences, and expectations from the course. By doing so, you can choose the right MBA program that suits your needs and aspirations.
1. Will an MBA help me in the future?
An MBA can help you in the future by building skills, networks, and demand and providing opportunities for high-paying roles in the industry.
2. How can I improve my career after MBA?
You can leverage your new qualifications, networks and skills to improve your career after your MBA.
3. Does job experience help in MBA?
Yes. While previous job experience is not mandatory for MBAs in India like in foreign countries, it does help get better salary prospects.
4. What skills are required for successful MBA?
For a successful MBA, the skills that you require are patience, critical thinking, teamwork ability and analytical skills.