There are many postgraduate programs that a person can go for after completing their college degree. So the question arises, Why choose MBA in the first place? What are the benefits of MBA from Abroad?
The thought of going abroad excites and fascinates almost everyone. Be it for studying or just recreational purposes, going out for foreign studies is an opportunity that almost everyone wants to bag and no one wants to miss. There might be many reasons as to why a person wants to work abroad or do an MBA abroad for that matter.
- Cultural exploration
- The excitement of living in a different country
- Challenge of building character abroad
- Not enough demand for your skills at your place
- Opportunity to earn good money
- Searching for a place where the cost of living is low
The next question will then be if you have answers to the first, why go abroad for an MBA. If there are sufficient and adequate or rather more than enough resources here in your country only.
- MBA is one of the most popular post-graduate programs, be it in India or abroad.
- One of the reasons for the MBA being so popular is that students from any background including Science, Commerce, Humanities, etc, can pursue it.
- Global Experience, Brand Name, Better Salary Prospects, etc. are some of the factors which set an abroad MBA apart from the native MBA.
Why choose MBA in the first place?
First of all, Masters in Business Administration or MBA is one of the most pursued postgraduate programs in the country. It is a 2-year postgraduate course that is widely preferred in India and Abroad.
The core courses in an MBA program cover various areas of Business Administration such as Accounting, Applied Statistics, human resources, business communication, business ethics, business strategy, finance, managerial economics, entrepreneurship, marketing, supply-chain management, and operations management in a manner most relevant to management analysis and strategy.
Advantages of MBA
MBA is known to be an evergreen program. Why? Because the advantages of MBA don’t come with an expiry date.
It doesn’t matter which discipline you’re from, what matters is your knack on the business side of the market. Irrespective of specialization, an MBA degree provides training in various aspects of the business.
MBA degree aims at developing management and business skills in students and prepares them for the corporate world.
Choosing to do an MBA degree is the sort of decision most people will make after concerted deliberation and meticulous planning, but that’s not the case for all.
People blindly follow others without knowing what they are really getting themselves into. So, It is always useful to get a gist of why people choose to do an MBA over other forms of business education or professional qualification.
Following are some of the points that will clear more of your doubts regarding why you should choose MBA.
1. Career Growth
There is a drastic change in your career. Having a management degree opens opportunities for promotions. A company will choose an employee with an MBA degree rather than an employee who does not have an MBA degree.
2. Removes Barriers
An MBA degree acts as a stepping stone when you are launching your career in a particular field. It is a prerequisite for advancement in some industries as many organizations have made it a policy to hire only candidates with Masters in Business Administration at the entry levels.
3. Path Change
An MBA degree helps you completely transform your career and completely change the path you were previously traversing. Many individuals come from engineering to management and defence to management.
4. Demand for an MBA
The Demand for an MBA is increasing day by day. The reason for this is that individuals from all the fields apply for this degree, so not only are these people good with business handlings once they finish their degree but also excel in their particular fields.
5. Networking Opportunities
An MBA is a great opportunity to build up your network, as you have access to the school alumni networks, professors who are experts in their particular field, and fellow colleagues with a wealth of experience and knowledge to share.
6. Personality Development and Confidence Booster
This Degree helps in the overall development of the individual. One gets a different perspective towards everything. It helps in enhancing your decision-making skills and inculcates a sense of discipline as well.
Why go for International MBA degree?
Now, you might think that if you want to excel so much even while doing an MBA from your own country, then why should you actually go abroad for doing the same.
See studying abroad has its own advantages and it is something that most people only dream of. Getting an international MBA degree may cost you a bit high, but despite this, it is the perfect career choice option for people who want to make a career in different business activities, personal or commercial.
The following are some of the core benefits of MBA from abroad –
1. Global Experience
Doing a foreign MBA offers you the opportunity to pursue a degree from top economically developed countries. The opportunity to know people internationally, its business strategies, knowing the country’s dialect and self-growth are some key factors that motivate people to choose this.
2. Brand Name
Doing an MBA from a reputed foreign institute can help bring positive points to your resume. Students with international experience and cross-cultural communication skills stand out from other job candidates
3. Learning from International Executives
One of the main benefits of studying abroad, you get to gain experience from top international executives. Networking on an international level and having this type of mentor can open doors in areas students never thought possible and improve international job prospects.
4. Practical Approach in Study
Business schools abroad don’t follow the traditional approach of teaching. The MBA course curriculum abroad is designed to focus more on the practical aspects and applications of business and management.
5. Better Salary Prospects
The extra bit of experience, skills, flexibility, credibility, knowledge, and exposure while studying abroad definitely results in them getting lucrative job offers with better salary prospects.
With all the benefits of MBA laid out in front of you, you can understand that definitely if you choose to study abroad then your career path is more or less set for life.
In no way, does this mean that people who don’t go abroad for MBA will have it difficult in the future. Also, it doesn’t mean that whosoever goes to study abroad will have their life very easy.
Only if you are self-motivated, determined, have decided upon a strategic approach and most importantly at the end of the day are true to yourself and your goals, then only will you be able to prosper.
Frequently Asked Questions
What are the domains in which one can do an MBA?
There are several specializations that have bright prospects for students in the field of business management. These include MBA in Sales & Marketing, MBA in Operations, MBA in HR, MBA in Finance, MBA in Information Technology, etc.
Which are the Top Foreign Business Schools?
There are numerous business schools out there but only a few which provide facilities like no other. These are The Wharton School, London Business School, HEC Paris, IESE Business School, Melbourne Business School, etc.
Which is better – MBA Abroad or MBA in India?
At the end of the day, it is based on personal preferences only, but the gateways and opportunities that an MBA from Abroad can open from you are far more both in quality and quantity.
What skills does an MBA provide?
MBA programs teach students Analytical Skills, Long-Term Strategic Thinking, Networking, Leadership, and more.