Management and MBA

People at the beginning of their careers, irrespective of industry sector, tend to specialise. Most will concentrate on their particular role, such as sales or marketing. Some focus on gaining a professional qualification, such as Chartered Engineer or Accountant. If successful they can rapidly develop to become respected professionals in one area of expertise. These areas are, however, typically of a specialist nature and a career move to a new organisation may not offer enormous career development opportunities or increased responsibilities.

Unlike other masters degrees the MBA is both a postgraduate and post-experience qualification. It is not appropriate for the recent graduate who would be better advised to either defer MBA study until a later date, or undertake a specialist master’s degree.
The successful MBA foundation is phenomenal as its curriculum consists of finance, marketing, statistic and others that make a successful candidate to be included in preferred category. It is because they have ability to think broadly about business decisions and switch forth and freely to adapt to different needs and environments.
MBA also teaches us issues about how we can build up a successful portfolio of business knowledge and skills and network of colleagues and MBA alumni. Identification of business problems can be addressed and analyzed more consistently. Communication skills in individual and teamwork aspects can be strengthening in a long run. People management skills can be mastered as usually the person who deals with the customers mostly influences the business deal. First impression is important, and a second impression doesn’t count.
The MBA aims to build on the foundations of work experience and, by providing new skills and knowledge, to enable the student to make the transition to a higher level of responsibility. MBA students typically will have made significant career progression for a number of years after their first degree. In many cases they will have gained a professional qualification and/or a specialist masters degree. They should have an in-depth knowledge of either a function or role and a specific industry sector. But they will typically have limited prospects of further career progression as they are, essentially, specialists, i.e. ‘the accountant’, the HRM manager, etc.
An MBA degree also suggests something about the drive of the person that holds it. They either took 2-4 years off from their professional life to pursue higher education or they pursued it while working a full-time position. It’s quite an accomplishment and I think that having an MBA really says a lot about the motivation and drive of the person that has it.

An MBA from a good school will certainly open many doors, but one from the wrong school may have the opposite effect. But even in the cases of good schools, possession of an MBA cannot, in itself, guarantee career progression. Only successful utilisation of newly acquired MBA skills and expertise can achieve this end. Research undertaken by the Association of MBAs clearly demonstrates that MBAs do exactly this. The MBA offers the ambitious manager a wider range of career opportunities and the chance of both increased responsibilities and a higher salary.

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