In contemporary India (post economic liberalisation), an MBA degree has become one of the most coveted and prestigious career options. Indeed, the demand for a degree from a top MBA college in India is so high that last year over 2.5 lakh students applied for the CAT. In keeping with this high demand for an MBA degree, today many top colleges and universities, including REVA University, offer such programs and courses. A single large city like Bangalore can boast of many prestigious MBA programs today. If you are wondering about what makes an MBA degree from a top university or college so valuable, then you have come to the right place. In this blog post, we will quickly take a look at some of the most important advantages of an MBA degree from a top college or university.
Wide variety of career options
An MBA degree opens up a wide variety of career options for students. A Science graduate, for example, may choose to work in areas as diverse as Marketing or Finance or Human Resources, etc. after completing his MBA. The MBA degree ensures that the student has enough learning and knowledge to be able to work in any area of his choice. This is how an MBA opens up multiple career options for students. Thus, after an MBA degree, a student is not constrained to work in any specific sector or area; rather, he can choose to specialize in any field of his choice and work in that area. Hence, depending on his interest, after completing his or her graduation, a student may freely choose to pursue an MBA in Marketing or in Finance or in any other area.
In most companies, an MBA will typically start his career several rungs higher than a fresh graduate. Thus, a person with an MBA will have an advantage in his career right from the very beginning. Further, the job profile of an MBA will typically entail greater responsibilities than those that a fresh graduate will be entrusted with. Thus, an MBA will have the opportunity to leave a mark on the organisation through his good work right from the very start of his career. Consequently, MBAs typically have faster growth opportunities than fresh graduates. Further, after reaching a certain level in their organisation, graduates often realize that they need an MBA in order to be able to progress further in that organisation or in their industry.
Lucrative pay packages
As we have already seen, MBAs are typically entrusted with greater responsibilities than fresh graduates. Further, MBA education focuses on practical knowledge and thus, prepares students more thoroughly for the contemporary challenges faced by industry. All of this means that business houses put a lot of value on an MBA degree from a top college or university. Thus, there is tremendous demand for MBAs in industry and consequently, such students are offered very attractive pay packages as well.
Power and prestige
MBAs typically start their career with greater responsibilities and better pay packages than fresh graduates. Thus, it is not at all surprising that they are highly respected among their colleagues and peers and in society. Further, many MBAs, even at the very start of their career, may handle leadership roles and may lead one or more teams. Thus, MBAs often have a lot of responsibilities as well a lot of power within their organisation.
These are some of the most important advantages of an MBA degree from a top college or university and this is why an MBA degree is so important today. Now that you have understood why an MBA is so desirable today, you are ready to decide whether this is the right career path for you.
All the Best!