Ideal Time to pursue your MBA?
Do you want to puruse an MBA but are confused at which juncture in your career would it make most sense? We often come across candidates who dont put in enough research and efforts to understand their readiness to pursue an MBA. while an MBA can be a transformational experience, one needs to seriously evaluate his/her personal and professional circumstances to determine the best time to take a career break to upskill.
Here are the critical points at which an MBA may make sense in your journey:
You have reached a career plateau and see limited future potential
Most graduates choose to enter a career only to reach a plateau. After working for a few years and receiving couple of promotions, they start to feel there is no space for more career growth. They start to feel their once-promising job now suppresses their potential and the impossibility of learning new skills leaves them disengaged. The more a person gets disengaged, the more likely he is to leave his job. MBA programs offer a great chance not only to further your education but your career as well. You get a chance to learn and develop your skill set when you graduate in business administration. Pursuing an MBA program allows you to become a better employee but also equips you with the necesssary leadership skillset that will be required to help you evolve into a future business leader.
You want to change your career
Being one of the most practical and hands on career development programs, an MBA helps you learn certain crucial skills such as leadership, management, and budgeting. These are essential for any industry and this is why careers after MBA include industries like consulting, technology, healthcare, finance, non profit, and the government sector as well. You can choose to do a general MBA or specialize in specific areas. All this will help you tackle the changes and challenges of the particular industry you are dealing with.
The MBA program can be a great platform to build your network across industries given the diveser cohort and access to recruiter they offer. An internship between the program can be a critical tool to gain experience in a new industry or a function, and utilize this experience to pursue a full time career in the new role. Additionally, since leadership is one of the core elements of MBA programs, this is a skillset that is value by companies across indsutries. Thus, more companies become open to industries switchers given their understanding and experience of leadership that they bring to the table.
You want to earn more!
Lets face it, your salary in your early 20s won’t be sufficient as you reach your 30s and 40s because you have changed your priorities at this age. You will want to buy a house, or car or have a family to take care of. Regardless of your priorities and motivations, an MBA program can get you up to a higher salary and enhanced lifestyle. Since post MBA roles invariably led to leadership career tracks, they often tend to be far more renumerative in the long run given the responsibilites they entail.
Surveys say that people choose an MBA degree to grow their careers and earn more to achieve the lifestyle of their dreams.
You have enough support
Do you have a stable life? You may have a job with good pay, a supportive family, and a perfect social life. Then you might think why should I interrupt the scene by doing an MBA? You might have to change everything else around you to add any coursework and you will get very little free time. But actually, this is the perfect time to do an MBA! Supportive friends and family are helpful hands for juggling course, career, and family. You will need a good network to call on emergencies, for example, if you need someone to babysit, arrange doctor’s appointments or even to get a coffee or sandwich while studying in the night.
You have many doubts about taking admission to business schools, especially if you have been busy working for many years. You may think that you are too old, too experienced, or won’t learn any new things. Besides, you may have doubts about how recruiters are going to value your degree. Thanks to the contemporary MBA programs, more and more people have started realizing the importance and value of pursuing an MBA program even years after graduation or work experience.
Things to consider if you are planning to do an MBA
.First of all, you have to ensure the credibility of the business school where you want to pursue the MBA program. Check the eligibility criteria for the particular MBA course. Check which area you should specialize in and whether it suits you or not. Next, you have to consider the teaching methodology and the cultural fit for the program and look for the subject you will need to learn under the specialization.. The tuition can be a critical criteria for most candidates and hence it is important to chose a program that doesn’t put too much financial strain. Last but not least, check the career options post the program and the alumni location to see if that region and industry has a presence from the school.
Contact us for Abroad MBA Consultancy services and schedule a 1×1 discussion on your application plans.
