Why an MBA is an Integral Part of Business Growth
**Note: This is a guest post written by one of our readers. For more information on how to submit a guest post, please read our guest posting guidelines.
An MBA is often an important part of a person’s business growth. A Masters in Business Administration (or MBA) is a degree that attracts people from all walks of life. With our ever stagnant economy, most people are trying to look at ways improve their marketability. Naturally, an MBA is a huge asset to have – it will make almost any employer take a second look at your resume. If you’re considering business school, then here are five ways in which an MBA can be an integral part of your growth as a business-person.
[image by Robert Sheie on flickr]
One of the most important courses in your MBA learning will be the entrepreneur course. Even if you do not plan on running your own business, a small start up might be where you end up. Remember, many businesses started from a small idea and no money, but they needed business acument. If you study and understand the basics of entrepreneurship, you will be way ahead of the game in helping start ups, if that’s where you’d like to go.
Most people who get an MBA do not intend to become an account or CPA. That said, knowing accounting is important, especially for your marketability. Many smaller businesses are looking for executives who can hold multiple roles, and any MBA graduate will know the basics of accounting, while also understanding how a business profits. Many people in higher up positions do not understand accounting, so this is a huge plus for you.
The global economy is a completely different game than it was even ten years ago. A company in New York may have customers in Zurich, a factory in South America, and programmers in Poland. Many MBA programs now have international tracks that provide a comparative approach to business, and many even provide training in the fields of multiculturalism, diversity and sensitivity. Even if you don’t hope to work abroad, an international background will be an immense boon to you when working for non-profits, educational institutions and niche-driven, domestic corportations.
Thanks to the advent of the internet, marketing is now a huge, expanding sector. Almost every corporation with a website is in need of a marketing expert. Granted, MBAs don’t normally specialize in marketing, but it can still be very impressive even to have a few courses under your belt. A marketing position can be a great transition-job for when you’re just out of school, or perhaps even as an online position to supplement your income as a student.
This is basically the crux of an MBA, and naturally, the most lucrative and important foundation you’ll take from the program. When most people say that they want to get an MBA, it’s so that they can effectively manage others. Many companies recruit heavily from within for management positions, but an MBA is usually the magic ticket to get around this. You can usually find a decent paying job supervising others or in a middle-management with an MBA, and from there, have a decent shot at fast-tracking to the top throughout the course of your career.
About the Author:
Marta Crowley writes about business, professional development and more. She frequently writes pieces that focus on helping students find and complete an online emba.