MBA Vs JOB

MBA or JOB? One of the greatest debates of all time and also very confusing for every

person who aspires to study for an MBA. Obviously deciding to pursue an MBA degree is a very big step that can happen to anyone but making a wise decision will help the aspirants a lot. If a person is trying to enter the business industry should definitely study the course because it will enhance the qualities that are suppressed inside a person.

Should I go for an MBA or should I work in the real world?

Will I be able to understand the business properly without having a degree in MBA?

Will it be worth it if I spend money and my time in universities to get the degree?

Will I have better opportunities after I have an MBA degree?

There are a lot of questions which a person has regarding MBA or JOB and here’s the

answer all of your questions:

Advantages of studying MBA:

1- Development of advanced as well as flexible management skills:

Most of the candidates who apply for an MBA degree in universities are young businessmen with no more than two years of work experience. Sometimes it may also happen that senior employees apply for the course if they accept the challenge. MBA classes help you to keep a business or an organization successful consistently for a long time by developing necessary skills. The curriculum may be different for every Master of Business Administration degree but some of the common skills that you will develop in this degree are:

Improve leadership management skills
Developing the skill to advertise and sell the goods and services
Create connections and network
Management of situations such as financial crisis, etc
Keeping the finances of a company healthy
Promoting and maintaining the company’s image
Gathering, interpreting, and creating reports on industry data
Hiring a talented and worthy employee
Creating hierarchies
Making tough decisions

2- Variety of MBA specializations for your chosen goal:

There is a wide range of specializations in MBA degree to choose from according to your

goal:

General Management – It is probably the most popular specialization in MBA, perfect for developing an all-around business skill which would be very great for a versatile business.
International Business – Great for those who are willing to work internationally or in a global organization/company with offices at different locations. As we all know that global businesses are growing, this could be the best specialization course and the candidate is aspiring for the following goal.
Strategic Management – Helps you to have a long – term business and back – up planning in any business.
Finance – Perfect for those whose goal is to become a banker, Chief financial officers, financial controllers, and finance managers. This specialization focuses on data Analysis, Accounting, Accounting, etc.
Marketing – It helps to develop skills that are in regards to promote goods and services.
Entrepreneurship – This specialization helps you to think of starting a new business of your own from scratch.
Operations Management – This specialization teaches the manager who is in charge of production processes to run the productions of a business/organization with optimum utilization of resources as possible.
IT Management – If a candidate wants to work in a business that is based on the technology sector or a business that is working on technology, this specialization might be the one for them.
Human Resources – Managers who work with a large group of people or are in charge of HR groups, this specialization will be great for them. It teaches how to manage conflict resolution, motivation, team development, defining job responsibilities, etc This specialization will be perfect for you if you are an extrovert because every company needs positive and happy employees.
Consulting – This specialization is basically for those people who prepare themselves to provide expert opinion regarding those challenges which are faced by the businesses. This enhances skills in every sector and is well paid.

3- Access to Large Scale Business Network:

You automatically found large networking opportunities if you are an MBA student because you come along with a lot of people in your courses such as fellow students, teaching staff, professors, businessmen who come along for further studies with the great experience of management and many more qualities. This increases your business management skills.

You gain a lot of connections that are based on the field throughout the particular MBA

program. Your network will help you to give a wide overview of the real business world.

It becomes very exciting to explore the slightest change in a particular business and to

understand it deeply and find different ways to alter fast.

4- MBA jobs are some of the highest paid jobs in the market:

High salary and job security are some of the most important advantages of an MBA degree. A student who graduates with an MBA degree has their average income higher than an employee with a regular Master’s. Graduates can expect to earn double of what you will get from a regular degree.

MBA degree offers lots of job opportunities such as management analyst, top executive,

business operations manager, market research analyst, HR manager, etc. Average paid income for MBA graduates:

In the US – 102,100 USD/year
In Canada – 99,800 USD/year
In Australia – 98,400 USD/year
In Singapore – 82,700 USD/year
In the UK – 92,400 USD/year
In Switzerland – 123,500 USD/year
In Germany – 77,200 USD/year
In France – 98,500 USD/year
In Italy – 86,400 USD/year

So, basically, you will be able to earn the whole amount that you’ve spent on the degree in

two to three years.

Average MBA fees:

An MBA degree constitutes a substantial financial investment and to give an idea of how much amount you may need to pay for a degree like that, this list might help to take a proper decision financially.

The US – 35,000 EUR
The UK – 20,000 EUR
Australia – 17,000 EUR
Canada – 25,000 EUR
Spain – 20,000 EUR
Singapore – 35,000 EUR

Of course, you can have a more affordable university or institute around the following

countries which can under 10,000 EUR/ academic year. There are also top business

schools around which can demand a lot more money than that such as 60,000 EUR/ year to 100,000 EUR/ year.

5- Build a new Business from Scratch:

Studying an MBA will help you build a business from scratch and become an entrepreneur. There are a lot of students who have such big dreams and passion and courage to turn those dreams into reality, who want to become a successful entrepreneur in their life and learn to grow a business from the very start. By studying MBA in a good institute and by experienced professors will help you identify the uncertainty in the way and how to deal with it. They will ensure that you’ll do the right thing to grow your company and make it consistent over time.

While studying MBA you can find your course mates with common interests and exchange your ideas to see any common perception because it is way easy to start a business with a trustworthy partner who will always have your back no matter what happens.

While making new connections, you build effective communication throughout the course

which is very essential for a business to be successful. Either you are explaining your plans to the investors or negotiating with the suppliers about some contract, communication skill plays a very significant role because by knowing the way in which you will express your plans or ideas clearly makes a very big difference in winning or losing the attention of the people.

6- MBAs can change career and flourish in new business opportunities:

Many candidates study MBA to either change their industry in which they are working or to get promoted to a higher position in the company or business. Expecting both of these things can go wrong because of the lack of experience to back up in new positions. About 1 out of 3 students study MBA to step foot into new industries by their management skills for opportunities and job functions they haven’t worked in yet. It is always better to know or decide what industry or what kind of job you want to go into before applying for an MBA because it helps to have a clear perspective throughout the course. It will also help you to choose the best MBA specialization according to the future goals which are very attractive in your job interview application. By knowing your goals clearly, you will get 2 whole years to brush your skills in that field.

The different kinds of specializations in MBA help and support those students or

candidates who want to switch their career in life. Graduating from a good MBA university

whether having full-time or part-time programs has a very high chance to cease the

managerial position in a company and enjoy successful MBA careers. Almost 50% of the

students who graduate from an MBA are either senior managers or board of directors. These kinds of positions bring a very high salary but also bring bigger responsibilities.

Some of the companies around the world that hire MBA graduate are listed below:

 Amazon

 Apple

 Bain, Company

 The Boston Consulting Group (BCG)

 Citigroup

 Facebook

 Goldman Sachs

 JP Morgan

 McKinsey, Company

 Microsoft

 Walt Disney

7- Studying MBA around the world:

You get to know a lot of things with respect to the business that is being started and growing consistently day by day in the country when you go to study MBA abroad. You can explore how the foreign country businesses are handled and know about the successful businessman around the country and you can also try to contact some of the potential employers of the company to arrange meetings once in a while and if things go accordingly, you might end up living in that country with a job in one of these company after completing the graduation.

If you are doing your research on which country you should consider for your MBA, you

should always search for the countries that are providing the best specialization of the field that you want to study further, should also know the business environment around the country which might help in future after the graduation but more likely you should also consider the companies or employers who can hire you after completing your graduation. Of course, you should also keep in mind your financial spending capacity for an MBA degree considering your tuition fees, living costs, monthly pocket money, and all the other common expenses.

Here is a list of the best countries with top business schools:

1- United States:

 Stanford University

 Harvard University

 University of Pennsylvania

2- The United Kingdom:

 London Business School

 University of Oxford

 University of Cambridge

3- France:

 HEC Paris

 ESSEC Business School

 EDHEC Business School

4- Canada:

 University of British Columbia (UBC)

 University of Toronto

 University of Alberta

5- Australia:

 Melbourne Business School

 University of New South Wales (UNSW)

 Monash Business School

6- China:

 China Europe International Business School (CEIBS)

 Peking University

 Tsinghua University

7- Singapore:

 National University of Singapore

 Nan yang Business School

 INSEAD

8- MBA is challenging but easy to graduate:

In simple words, the MBA will become as difficult as you make it and as easy as you think of it. Many students ask if an MBA is hard to go through and the answer is ‘NO’. If you make up your mind to attend all the classes and understand and relate them to the real world, it will become easier day by day, they will teach you those things which are very common but are not noticeable, things that happen day to day in a business and how to deal and overcome them in every situation. A student gains 50% of professional skills while studying for an MBA which is very profitable in the future.

So instead of wondering if an MBA is complicated, think of it as a challenge or a problem to be solved.

Here’s a list of specializations which are provided in an MBA degree, this may give you an

insight into the difficulty level you might experience:

 Managing Business Environment

 Managerial Economics

 Marketing Management

 Business Law

 Operational Research

 Accounts for Managers

 Organizational Behavior

 Financial Management

 Operation Management

 Human Resource Management

 Strategic Management

9- Study MBA part-time or by sitting at home:

Studying online is obviously convenient and also comes in very handy to everyone but

especially to those who do not want to leave their country all the way to the university in a

different country. Some people might be very busy in their life and stuck between their

works but that should not affect the decision of pursuing further studies if you want to

expand your understanding regarding business management. Online MBA courses are so

flexible that you can study by your own compatibility throughout the day and access your

course materials whenever you want.

There is no discrimination between studying online and studying on-campus, both receive equal recognition. While selecting an online course, make sure to check if not a scam. It becomes easy to spot if the online course is genuine or not. Tuition fees in respective of an online course are much lower than while studying on-campus because moving to another country or even in the same country consumes a huge amount of money in transportation, accommodation, and visa expenses depending according to the country you choose.

10- MBA is open for older students too:

Well, this is not something new. Yes, if your age is 30 or even 40 you can apply for an MBA

degree at your favorite university. The average age of candidates that applies or gets

admitted to the universities is 27 and more than 10% of the candidates have almost 7 or

more than 7 years of work experience. Any of the business institutes do not consider age as an important factor. It must be clear to you what your goals are if you go for an MBA degree, you have to convince the admission board as to why you want to do this course and how can it help you in the future with your businesses. The only difference is there are not many students in the 30s or 40s in the universities; the reason is not many of them are applying.

Advantages of getting a degree of MBA after completing Graduation:

1- Personal and Professional skills:

By pursuing an MBA degree, not only enhances your professional skills but also personal skills by making you positive towards your personality and life and motivates you to become a successful person in the future. So, basically, if you apply directly for an MBA after completing your graduation, it will improve your skills which were suppressed for a long time and will give a wide perspective of business as well.

2- A better career opportunity:

Who on earth does not want to have a good career opportunity in life? Nobody. But to

actually gain an opportunity like that in life is a very big challenge for everybody, but guess

what, by having a degree of MBA and consuming all the good parts of the course qualifies you to have a better career opportunity because having a degree of MBA is very

attractive to the companies. Almost every person who has a higher position in some

company has a degree of MBA.

3- Improved Knowledge:

Those universities which provide the following course has a lot of specializations courses

as well. So a student who wishes to focus on a specific course can look forward to it and

learn a lot of things in that field which directly improves knowledge and enhance the

quality of skills which is needed for the particular field.

4- Fewer chances at Top-B Schools:

A lot of top business schools look for real-world experience in a student that can

contribute to the meetings related to the real business world and have an idea of how the business works internationally or at least nationally. Some work experience should be

a must to understand the courses clearly with a wide perspective. Candidates who have better knowledge is more likely to be selected instead of freshers.

5- Hard to come up with a proper choice at current stage:

Making the correct choice regarding an MBA after graduating is a very hard decision. A student must sketch a rough plan of the future goals which can make this decision a lot easier than before because applying for top business schools without any professional experience will have less chance to get selected in a university.

Advantages of getting a degree of MBA after work experience:

1- More Clarity:

It is always an advantage for a person who has proper work experience to apply for an

MBA degree because the chances of getting into a top business school get high. It is obvious the fact that if you have a lot of work experience, you get more clarity in the course of your choice and make it easier to understand real-world business.

2- Practical Experience:

A person who has work experience of more than one year is said to gain practical

experience through MBA because he/ she has already seen how businesses work all

around the world. Universities try to teach their students with case studies related to big

companies or businesses or organization which help them to create practical knowledge

with different situations.

3- Soft Skills:

After working in the corporate world for a long time, candidates develop some soft skills

which definitely matter in a business. Through MBA, it brushes all the soft skills such as

communication skills, teamwork, Problem-solving, time management, critical thinking,

decision making, organizational, stress management, adaptability, conflict management,

leadership, creativity, resourcefulness, persuasion, openness to criticism. This makes a

person more effective.

MBA Vs JOB

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