Why is an MBA so Popular? Let’s Find Out
MBA, also known as Masters in Business Administration, is a two-year postgraduate degree designed for people keen to gain knowledge about business practices. MBA course is a highly prestigious degree that is appreciated by employers all over the globe. It provides students with several pathways to grow their careers and get better salaries.
But what can you actually do with an MBA? What makes an MBA degree so popular? Are the MBA fees and time spent getting the degree from one of the reputed MBA colleges justified? Well, an MBA surely offers a wealth of amazing opportunities, especially if you get your MBA degree from one of the top MBA colleges in India or the world.
If you are still seeking reasons, why is MBA so popular, we have a list of reasons stating the benefits of an MBA degree and why people are opting to get an MBA after completing their bachelor’s.
Why MBA is Popular?
Looking for reasons to choose an MBA course? Here are the top reasons why MBA is currently one of the most popular degrees among students.
- Set you apart in the job market
Most people who pursue an MBA degree are young professionals with a few years of work experience. With an MBA course, you will learn the techniques and strategies to make a company successful. You will learn leadership skills, sales, networking, people management, etc. It is one of the best ways to leave your comfort zone and explore the latest trends in business.
Throughout your career, you will need to adapt to changing business environments. An MBA degree ensures that you can adjust to the changes quickly and pave a path for yourself in the dynamic world of business.
- Plenty of specialisations to choose from
MBA courses are not just limited to a single specialisation. According to your area of interest, you can choose the right specialisation for yourself. There are plenty of specialisations available, including general management, marketing, human resources, operation management, IT management, entrepreneurship, etc.
Also, you can opt for dual specialisation if there are two areas that interest you. With the right specialisation, you can expand your horizons when it comes to the job market and find a job that suits your area of interest. There are many MBA colleges that offer multiple specialisations, and you can choose the one that you think is right for you.
- Access to extensive business networks
Are you still thinking why an MBA is so popular? Well, consider the networking opportunities that an MBA course provides. You will interact with fellow students, MBA subject professors, and businessmen who have experience in management. You will also have access to the extensive network of alumni of your university or college.
With the help of your connections, you will gain insights into the world of business. So, an MBA degree goes beyond gaining theoretical knowledge. It ensures that you have all the necessary practical skills to make a name for yourself in the corporate world.
- High salaries and great job opportunities
For the MBA fees that you pay, the kind of salary that you will be offered will make your degree worthwhile. The average salary that MBA graduates earn is mostly higher than what others earn after some other Master’s degree. Therefore, you can choose the career path that you think is suitable for you with an MBA degree, and you are sure to get a handsome package in anything that you choose to do. Also, if the high MBA fee bothers you, you can look for some other affordable and reputed MBA colleges in India.
- Gain knowledge about starting a business
If your goal in life is to become an entrepreneur, then an MBA degree can surely contribute to your dreams. With an MBA degree and MBA subjects like entrepreneurship, you can learn how to start and grow your business. Some of the professors that you will meet in your MBA college will have entrepreneurial experience. They can guide you on how to avoid falling into a trap while starting a business.
You will also find fellow students who have ideas similar to your business idea. Share your business ideas and see if you can form a common vision for your business. Starting a business can seem less daunting if you have a reliable friend beside you. Thus, an MBA can teach you to convert your business idea into something meaningful.
Before you start pursuing an MBA, ensure that you have a clear understanding of the goals that you have for doing the course. You should be motivated to pursue the degree and have a long-term career plan that you actually believe in. An MBA course requires dedication and hard work. Thus, it is essential that you find the right specialisation and MBA college so that you feel motivated to complete the degree and have a rewarding career for yourself.
If you are seeking the right college or university for an MBA, Sunstone can help you. In association with 50+ leading campuses across India, Sunstone provides industry-curated training for you to excel in your career path. Sunstone’s benefits include industry-oriented internships, and soft-skill development courses to foster holistic development, in addition to placement support.
Frequently Asked Questions
- Why is MBA so popular?
There are many reasons why MBA is so popular. Some of the reasons are fantastic job opportunities, handsome salaries, knowledge about management, multiple specialisations to choose from, entrepreneurial skills, access to a huge network, etc.
- How many years does it take to get an MBA degree?
In most cases, two years are required to get an MBA degree. However, in some cases, you can choose a one-year MBA program too. Also, if you are planning to pursue a part-time MBA, the time taken to complete the degree can be more than 2 years. Thus, choose the right programme as per your needs.
- What is the best age to do an MBA?
Most MBA applicants are aged between 25 to 30 years. But there is no specific age limit to get an MBA degree. You can get a degree at any age if you are willing to put in the required amount of focus and hard work.