An MBA, or a Master of Business Administration, it is an excellent investment in both your own professional development and your organisation’s progression, skills, systems and management. However, it is expensive and demanding and it has high entry requirements, so why should you study for an MBA?
1. Higher Salary
Many people equate success and even happiness to their pay packet. And those returning to work following their MBA do see an increase in salary. So if it’s money you’re after, an MBA may well be worth striving for.
2. Better Career Opportunities
An MBA education gives you new skills and knowledge to enhance your current career. Graduates of an MBA programme have, due to their qualification, higher chances of obtaining and holding a high level management position. An MBA can also help you to switch careers (typically into finance or consulting roles) or for progression within an already established career. So, whether you wish to further your current career by advancing in a leadership position, or you want to pursue a new career, an MBA is definitely going to boost your chances of achieving these goals.
3. Better Business Networking
Students who are currently studying an MBA program will have greater business networking opportunities. You gain access to the extensive alumni network of that particular MBA programme and of others (professionals with key positions to whom you already have a direct link through the MBA education you possess). 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. This extensive business network is bound to pay off throughout your whole career making you the first-hand recipient of all relevant information in the field and giving you better chances at seizing the best opportunities.
4. Gain a variety of Skills And Knowledge
Having an MBA not only gives you more leverage in dictating new job titles and salary, but also gives you leverage in achieving a better balance between work (read: fewer hours working) and life outside work. Studying a Master of Business Administration forces you to get out of your comfort zone, deal with the latest issues, apply the newest management techniques and just constantly challenge yourself, your practices and your approaches. And that will continue after graduation as well, as an MBA also provides you with the channels that will keep this challenge alive and push you to continuously improve.
5.There are personal benefits to studying for an MBA too
An MBA degree is a very demanding academic and personal exercise in personal development and growth. It is not for the faint of heart. If you determine that you are a worthy candidate for an MBA degree, but are still unsure whether you should take the plunge, consider these few benefits: personal growth, family growth, and career growth. There is no silver bullet which will guarantee a perfect MBA degree experience. But knowing how your own personality and preferences coincide with an MBA lifestyle is half the battle.
Overall, an MBA continues to be one of the most popular postgraduate programmes. With the right hard-working and can-do attitude, an MBA may serve to provide the enhancements in life and work that you are searching for. At the same time though getting your MBA is as large a decision as you’ve ever made financially.
That’s why The UNICAF Scholarship Programme is one of the most generous scholarship programmes available for African students and provides opportunities for studies online towards a Master’s or Bachelor’s degree programme available from one of the UNICAF partner universities at a fraction of the cost.
Find out more about Unicaf MBA Scholarships and how to apply