Can You Build a Rewarding Career with an MBA in this Economy?

Pursuing an MBA (Masters of Business Administration) degree can greatly help you to give your career the perfect head start. It will not only improve your employability in this globally competitive economic scenario, but an MBA degree will provide you excellent job opportunities that will enable you to advance your career to great heights. You will be able to stay ahead of your competition by learning various essential business management concepts. After becoming an MBA graduate you will be able to apply for a wide range of jobs in various professional fields. For example, you may opt for a career in logistics management or marketing, while one of your classmates may get in project management or public relations.

Value of MBA in Today’s Economy

MBA degree has gained prominence over the past few years as many students are now getting enrolled for business management courses for their postgraduate degree. At present it is considered as a highly valuable degree as MBA student have an edge over others in the corporate world. An MBA graduate usually gains expertise in business and administration and thus significantly helps a business to grow.

 

Demand of MBA in Today’s Economy

As a result of privatisation, liberalisation and globalisation, business and communication has developed a lot in the recent years. Hence most organisations are looking for professionals who are equipped with the necessary know-how and can effectively manage business operations. Nowadays, the employers expect new recruits to perform from the day of joining, as training requires investment of both money and time. A traditional or Online MBA program prepares you for the challenges of the corporate world so that you can significantly add value to the business. So students with degrees in management studies do not find it difficult to get a rewarding job.

Career Prospects in Today’s Economy

According to a study conducted by GMAC (Graduate Management Admission Council) professionals with MBA degrees can expect excellent job prospects with lucrative pay even in this uncertain economic scenario. The report mentions that 76 per cent of recruiters planned to hire fresh MBA graduates in 2013. Most employers also planned to recruit graduates who completed other business-related courses.

Most of the employers who were surveyed expected to recruit graduates in finance, accounting, marketing and management. Denise Baker, the Assistant Dean at the Sauder School of Business (University of British Columbia) said “While employers are still cautious about the economy, we continue to grow the number of both MBA internship and permanent job opportunities.”

The popularity of MBA has increased manifold in the recent years as employers prefer hiring business management graduates worldwide. Some of the reasons for this increasing popularity are as follows-

  

MBA degrees offer career stability and job security. After you have completed an Online MBA program, various doors will open up for you to begin a lucrative career. As a skilled and trained professional with a management degree you will receive excellent job offers with prominent designations in globally-renowned companies.

Rewarding Salary Packages

One cannot certainly rule out the importance of money. Even though it may not be the most important thing, but in this unpredictable economy the importance of money cannot be overlooked. A MBA degree programme will offer you financial stability throughout your career.