Why Study MBA in 2024: Top Reasons and Advantages of MBA Degree

Features of an MBA program

The key features of an MBA program are mentioned in the following points. 

• MBA is an interdisciplinary course and covers a broad range of business aspects along with the specialisation if selected. 
• The curriculum features core and elective subjects. Core subjects provide foundational knowledge while elective courses allow students to specialise in the specific aspect of the topic. 
• MBA programs are offered in various formats like full-time, online and executive programs. Candidates can choose according to their conveyance which allows individuals from diverse backgrounds to pursue the course. 
• The course allows students to pursue a dissertation project/internship allowing them to apply their knowledge in real-world settings and develop hands-on skills. 
• MBA programs expose students to professionals from different industries which can be helpful in networking and securing jobs. 

Check Here: MBA Syllabus

Top Reasons to Pursue an MBA

Some of the top reasons to pursue an MBA course are as follows.

• Career Advancement - An MBA degree significantly improves the credibility and marketability of an individual. Many organisations value the management and strategic skills that these graduates possess. With experience and added skills, individuals can also move to higher-level roles with better pay. 
• Networking Opportunities - MBA courses act as a strong medium for professional growth by exposing individuals to a diverse group of professionals. These professionals from different industries develop a learning environment and provide opportunities for career advancement and collaboration. A GMAC survey concluded that 89% of students found networking to be important for a job. 50% to 60% of MBA graduates found jobs through networking. 
• Better Pay and Financial Benefits - Many companies recognise the value of MBA degrees and offer competitive salaries. MBA graduates often earn more compared to other non-MBA professionals. MBA graduates also enjoy better employability than other professional courses with a 54% placement rate as reported by TOI. 
• Leadership skills - MBA programs tend to impart strong leadership qualities to students. They learn to lead teams and make informed decisions that can be beneficial for their organisation or business. 
• Entrepreneurial skills - MBA programs feature courses and modules covering entrepreneurship. They often emphasise innovation and can be helpful for students aspiring to start their ventures. 
• Career Change and Transformation - The course provides knowledge and skills in a range of topics that can be beneficial for individuals looking for a career change. With the shared expertise and transferable skills, individuals can easily shift from one industry to another. A TimesJob.com survey finds that 22% of MBA graduates switched domains with IT and consulting being the most preferred choice. 
• Varied Areas of Interest - MBA programs are offered in several specialisations and students can choose the course according to their interests and career goals. The specialised MBA courses improve career prospects and earning potential. There are more than 6,000 business schools in India offering MBA courses in over 30 specialisations. Finance, marketing, human resources, operations management and IT are some of the most popular specialisations. 
• Increased Career Credibility - MBA graduates stand out among others through their knowledge and skills. This provides improved credibility as the career rises. The program equips students with advanced thinking and analytical skills allowing them to handle various complexities with ease. Graduates are expected 75% salary growth within three years as reported by The Financial Times. 

In-demand MBA Specialisations

MBA is offered in many specialisations and some have always been in demand. There are also new and emerging specialisations that are gaining significance in India. Some of the most popular MBA specialisations in India are mentioned in the table below.