For those who have an entrepreneurial mindset, it’s important that you have the right skills, qualifications, and experience behind you before launching a business. With half of all start-ups failing in their first year of operation, the last thing you want to do is add to the statistic, so undergoing relevant training and education can help set you up for success.
More and more entrepreneurs are realising how important an MBA is for their career goals. Not only will you learn superior knowledge that will teach you the A-Z of running a business, but there are tons of transferable skills that you can utilise effectively in the workplace. With so many benefits, it comes as no surprise why the MBA is still a game changing qualification, so here are just a few advantages that you can gain from obtaining an MBA degree.
Increases Your Earning Potential
Regarded as the most practical advantage of an MBA degree, individuals who embark on this course can earn far more than those without a masters under their belt. There have been many studies carried out that have concluded that those with this qualification have a much higher chance of earning a better salary. The business knowledge you acquire throughout your course will put you at a higher advantage of securing your dream role.
Ability to Study Online
If you’re currently in full time employment, you may find it difficult to commit yourself to an MBA, however, with the option to study online, you are able to fit your learning and coursework around your day to day schedule. There are many benefits that come with studying online, such as:
- Teaching you self-discipline and responsibility
- Learning from the comfort of your own home
- More choice of course topics
- Lower total costs and debts
- Flexible schedule
Studying at your own pace can increase concentration levels, giving you the time that you need to focus on your work. If you’re serious about studying for an online MBA, you can visit https://studyonline.aston.ac.uk/programmes/master-business-administration-online for more details.
Learn Transferable Skills
While the MBA tends to be specifically tailored towards business and finance, the modules that you learn throughout the course will touch upon various other industries, as well as provide you with transferable skills that you can implement into the workplace. Some of the key transferable skills that you will gain include:
- Leadership
- Written communication
- Time management
- Research and analytical skills
- Personal development
Superior Business Knowledge
Not only will you learn a range of transferable skills that can help you stand out from other candidates, completing an MBA will help you gain specialised business knowledge. There are numerous practices and concepts that you will be required to learn which will teach you how to better evaluate data, as well as calculate risks. When it comes to taking business related decisions, the knowledge you obtain can help you feel more confident.
Networking Opportunities
In the business world, knowing how to network is a key trait that employers look out for. No matter who you encounter in your professional endeavours, knowing how to hold your own can help generate leads and increase sales. Throughout your MBA, you will have access to influential people in the industry who can teach you words of wisdom and knowledge to help prepare you for the working world. Some of the key networking benefits include:
- Strengthening business connections
- Getting fresh ideas
- Advancing your career
- Building confidence and self-esteem
Higher Employment Rates
Once you’ve completed your MBA, going into the working world may fill you with dread, however, as long as you gain good grades, you have a much better chance of securing the job you want. Regarded as one of the most prestigious postgraduate degrees you can do, MBAs are held in high regard in both the business and financial community. So, if your goal is to work for an organisation, having an MBA on your CV can do wonders when it comes to gaining employment.
Gain Leadership Skills
For those who like the idea of starting their own company, during your MBA you will learn excellent leadership skills that can teach you how to handle important business decisions. If you plan to employ others in your company, an MBA will teach you the importance of teamwork, giving you the skills needed to motivate and encourage your workforce. Leadership can also boost profits for your business, making your clients and customers take you more seriously.
Whether your goal is to launch your own company, or you like the idea of working in a senior position for an organisation, gaining relevant and credible qualifications like an MBA degree can set you apart from other candidates, and increase the chance of you securing the role.
