MBA Education

Reasons why you should get an MBA Degree

by Czech College / Friday, 10 April 2015 / Published in Study MBA in Europe

An MBA education provides communication skills and training in pragmatic, analytical thinking. Below given are our arguement why you consider taking a business degree, no matter what field you are in now.

Credibility with your business colleagues
 
Having an MBA demonstrates your commitment to the business because you’ve invested the substantial time and energy required to obtain the degree. It shows that you value the business perspective and recognize that the technology you implement, support and develop is intended to enable business activities and is not an end in itself. An MBA also indicates that you’ve mastered a certain level of knowledge in business management, which gives you the ability and confidence to speak on equal terms with executives outside of your field of expertise, say Information Technology.

Help you think like a business person

An MBA teaches you to look at problems and opportunities holistically. It also provides analytical frameworks, such as risk assessments, cost-benefit analyses and strategic plans, that you can apply to any problem or opportunity you encounter, whether in or beyond your field of expertise. The business mindset that an MBA gives you becomes habit because you use those frameworks repeatedly in a rigorous academic environment, and you see how they can be applied in a variety of situations from one course to another.

Communicate better in your business circle.

Each of the business functions, such as sales, marketing, accounting, auditing, risk management and human resources have its own jargon, which represents complex ideas or processes. In business school, you learn the distinct languages of those functions. You learn, for example, the difference between cash-based accounting and the accrual method, earned value and net present value, suspect and prospect, guerilla marketing and viral marketing, and situational interviews versus behavioral interviews. 

Interpreting business decisions.

The MBA curriculum teaches you to understand and interpret financial statements, marketing plans, market analyses, audit reports and business development plans. Knowing how to read a financial statement is important when, for example, you are evaluating a vendor’s financial health. Knowing how to interpret marketing plans and market analyses will help you identify a vendor’s strengths and overall strategies to see if the vendor can or will continue to be able to meet your needs. It’s also helpful when trying to understand your own organization’s operating environment.

TOP