For entrepreneurs and business-minded people, 2021 may be the perfect year to push yourself out of your comfort zone and climb the career ladder. If you aspire to work for yourself and launch your own brand, or you are more comfortable working for an existing organization, arming yourself with an MBA (Master of Business Administration) can help open more doors and boost your chances of finding work.
If 2020 has taught us anything, it’s that you can never be too relaxed in your job. Unfortunately, the COVID-19 pandemic has had a catastrophic impact on businesses big and small, resulting in tons of job losses. Whether you fall into this statistic or not, here are some reasons why going back into education and obtaining an MBA can help.
Develop Your Skillset
In business, you won’t get very far if you don’t have an extensive skillset in place. No matter what field interests you most, some of the core traits you must obtain include effective communication, compassion, and time management. The business world can be highly competitive, so with many other candidates in the same boat as you, the more skills you have, the better. To be taken seriously by employers and pass job interviews with ease, an MBA will teach you transferable skills that you’re sure to use both in your professional and personal endeavours.
Advance Your Career
While many people are happy and content in their careers, others decide that they’ve had enough and want to try something different. If you have dreams to climb the career ladder and work your way up the ranks in business, an MBA degree will instantly open more career doors and provide opportunities you never thought were possible. More and more positions are requiring candidates to have an MBA on their CV, so if you’re serious about working your way up, it may be wise to obtain your MBA sooner rather than later.
Boost Earning Potential
In life, many of us want to feel financially secure. While your world shouldn’t revolve around money, it can certainly help when it comes to providing a safe and reliable future for your loved ones. If you obtain an MBA, you can command a higher salary which can offer you protection. What’s more, those who have an MBA behind them can expect to earn twice as much when compared to those without one.
Set Yourself New Challenges
There may come a point where you’re not happy in your existing role and are looking to try something different. While some people are reluctant to rock the boat, others are excited about the prospect of something new. In life, you should always set yourself new challenges and goals, as they will not only give you something to work on but keep your mind occupied. You can see your MBA programme as an exciting task that is sure to deliver results and help you in the business world.
Expand Your Professional Network
During your MBA course, you will have many opportunities to engage with industry professionals. Whether you study for your MBA online or in person, speaking to those in the know and getting expert advice can help you enormously when it’s your time to graduate. Once you begin to expand your professional network, your contact list will come in handy when looking for work.
Fit Your Exact Goals
Before committing to an MBA programme, it’s important that you have a clear-cut path laid out in front of you. When you factor in the amount of money and time you’ll spend on your course, the last thing you want is for it to have all been a waste of time. Thankfully, there are many MBA specialisations you can look into which will fit your exact goals, meaning there is little room for error.
Become Your Own Boss
If you’re ready to take the plunge and start your own operation, having an MBA on your CV will show that you mean business. It can be hard to get clients and stakeholders on board, so showing you have relevant qualifications can be the difference between them expressing interest and going elsewhere. If you’re a budding entrepreneur, an MBA will teach you how to write a business plan, what goes into marketing campaigns, as well as what mistakes to avoid when getting started.
Before starting your MBA degree, you may begin to second guess your abilities and worry that you may fail at the first hurdle. We all feel anxious when starting something new. However, you should notice a huge boost in your confidence and self-esteem as you get settled into your MBA course. Once you graduate with your degree at hand, you will have no trouble going to job interviews or meeting with clients.
Whether you plan to work in the UK or head to the other side of the world for business, MBA degrees are internationally recognised, meaning you will command the respect and credibility you deserve from your peers. Being taken seriously in business is everything and can help you form strong relationships. When studying for your online mba, you can be confident that your qualification will stand the test of time and potentially take you all over the world.
Earn While You Study
For those who are in full-time employment, you will be happy to know that you can complete your MBA from the comfort of your own home. If you’re already working from home due to COVID-19, you can study for your MBA alongside your professional duties. More and more students are opting to study online as opposed to in person, which provides flexibility and freedom to work and study at a time and pace that suits you best. What’s more, online MBAs tend to be cheaper, meaning you won’t have to save up as much.
If you aspire to be a business manager, or you want to be in charge of your own operation, an MBA degree will teach you the ins and outs of the business, helping you to flourish in whatever path you take.