Do you need an MBA to make it in business?

Do you need an MBA to make it in business?

The world of business is undoubtedly very competitive. You need to be the best entrepreneurs to make it up to top in your field. The bitter truth of this field is that the majority of entrepreneurs ends up failing, even through no fault of their own.

What is an MBA?

MBA stands for masters of business administration. An MBA degree teaches entrepreneurs everything related to running and managing a business. While taking an MBA degree one learns valuable skills and knowledge which is applicable to both the workplace and outside of it.MBA degree teaches how to handle the day to day administration of a business and its staff.

Who Needs an MBA?

Many businesses  and startups require someone for a management position who already has an MBA.It should be kept in mind that earning an MBA is not automatically going to open up management roles. You need to have prior experience as a manager, otherwise, it is going to be very hard to enter a business directly at any level. An MBA degree makes you a preferable candidate and also it will get your resume nearer to the top of the pile.Entrepreneurs earn most of the benefit of studying an MBA are the who wish to start their own business. Starting a business of your own is not easy at all, it carries a lot of responsibilities. MBA helps a lot in this, it teaches you everything you need to start a business of your own.

What are the Benefits of Studying for an MBA?

Maybe an MBA is not essential for entrepreneurs, it is still highly advisable for an entrepreneur to consider studying for one. There are numerous benefits to an MBA degree some of them are as below:

·        Learn How to Solve Problems

An MBA teaches you invaluable skills and knowledge that usually only comes from experience. Maybe an MBA won’t teach you how to deal with every single issue that may arise in the future, but it will give you the guidance you need to formulate solutions.

·        New Opportunities

Many businesses  and startups require someone for a management position who already has an MBA . An MBA degree makes you a preferable candidate and also it will get your resume nearer to the top of the pile

·        Study from Home

The internet has widened the education sector beyond our imaginations. The most significant feature is the ability to study online. Now one earn a degree online from the comfort of your own home.

·        Increase Your Earnings Potential

An MBA on resume is going to make a good impression and also it is going to command a higher salary than a candidate without an MBA.. As you experience level increases, your value will increase further. If you also have an MBA, it will amplify the benefits of gaining real-world experience.

·        Better Job Security

Job security is a topic of concern for every worker . An MBA is the best way of improving job security. Candidates holding an MBA degree are generally the preferred candidates for consideration for future managerial positions.

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Why A Budding Entrepreneur Should Have An MBA Degree

Why A Budding Entrepreneur Should Have An MBA Degree

It is known that the world’s  top business titans are a college drop out. It is so fascinating that without even attending college they are running a million-dollar business. But these greats are exceptions than rules. Most of other top leaders are armed with a business school education from a reputed institute. So what all benefits you can get other than campus placements fron a top MBA

·        Hands-on
In business school, one gets a hands-on learning experience. To run a successful company one requires no books, articles or videos.

·        Networking
A fundamental piece of being an entrepreneur is networking. Without any connections, one will have a hard time getting anywhere. Being in “b-school” helps you to connect with the people who share the same drive and ideas that you do.

·        Education
In b-school one can learn the following things: investment management, how to raise money, and how to launch)

·        Competitions
Many business schools conduct various competitions for business plans.

·        Failure
Everyone has to face failure at least once in their lives. Many b-schools conducts entrepreneurship programs that let students fail without having a significant chunk of change hanging on the line.

·        Creativity Foster
An MBA degree enhances your decision-making skills.

·        Exposure
An MBA degree teaches you how to execute an idea, how to manage an organisation from top-to-bottom. 

·        Technical Smarts
An MBA degree teaches you how to handle risk assessment, perform accurate cost-benefit analyses.

·        Leadership
It is going to enhance your leadership skills which are necessary to run a business successfully

Common mistakes by MBA aspirants

Common mistakes by MBA aspirants

It is believed will help you in a good and strong career in India, that’s why some students just blindly pursue an MBA degree without analysing the cons and pros. But the harsh reality is that only a few candidates having an MBA gets a good job otherwise most of them get a job that they could easily get even after the completion of their graduation. Choosing a good college for an MBA degree is necessary as it will provide you with great exposure.
The most coveted degree of the 21st century is  the Masters in Business Administration (MBA). Today in India MBA is preferred above any other postgraduate course. Out of so many MBA schools in India, only a handful of schools provides excellent quality education. Thus, one should be very careful while joining the right. It is a very less known fact that It is much cheaper to pursue a Global MBA degree from India than to go abroad.
 

Some of the common mistakes that must be avoided are as follows:

• •       Do not follow the crowd
• •       Do not get influenced by your friends, peers and families.
• •       Do not lack focus in terms of specialisation
• •       During the first year, the curriculum mainly focuses on general management, so it is necessary for students to have clarity of specialization of their interest.
• •       Do not get under parental pressure and peer pressure to join specialization out of your interest.
• •       Check out the placement opportunities before choosing any institute.
• •       Do not emphasis on infrastructure, campus and facilities but check out the standards of colleges in terms of quality of education.
• •       Luxury amenities should not be the only reason for joining a college.
• •       Don't get attracted over 'Average Salary', printed in broachers or advertisement material, which is an average of the lowest and highest salary that was offered to students in the previous year. 
• •       Do not live with the myth that college that charges  higher fees will provide you with the best courses and jobs alike.
• •       The college faculty’s educational qualifications and experience are one of the most important key elements college offers.
• •       You should not select a college that has only teachers but no industry knowledge, you’ll struggle in the concepts in practical Domain.
• •       Some schools offer foreign trips and industrial visits as a part of their curriculum but one should not select the school on this bases.

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Below video should also help you

https://www.youtube.com/watch?v=bpcIpW9Oy9U

Reasons to pursue MBA

Reasons to pursue MBA

Currently, MBA is one the most popular degree and is in high demand as well. MBA opens ups a lot of future opportunities for an individual.Many students start their MBA just after the completion of their graduation. MBA not only expands your scope for landing a better job but the individuals who want to start their own business and also have entrepreneurial instincts can be equally benefited from management studies. Many individuals pursue their MBA degree from abroad. Admission process in abroad can be complex but it will give you great exposure and also enhances your personality as well. Some of the major reasons why you should opt for MBA are given below

1.      You’ll  be a respectable member of your business community.

MBA degree just increases  your respect amongst the business group of your peer.  Also, business credibility will increase.

2.      New Experiences

Experience and good communication skills are the most important requirements needed to run a business successfully. Study abroad is going to help you a lot in this.

3.      Build your own business  from scratch

Many individuals want to start their own business but due to lack of confidence and risk factor, they are not able to do so. An MBA degree teaches you a lot about management and business and also builds every factor in you which you require to run a business successfully

4.      Earning potential increases

An MBA degree enhances your skills, ideas and plans on how you can target a bigger aim for your business.

5.      Improves professional skills

MBA helps you to build up new skills and also polishes the skills that can be extremely helpful in growing the business in future.

6.      Growth of perspective

New place, new culture and how things functions there helps you to understand the global market and global economics.

7.      Expands the professional network

Networking is the most important element in business and MBA can be a great opportunity for you to create your own social network.

So always look MBA education beyond first campus placement job. It is a long term investment in your own and surely would pay back in multiple ways. But remember, not every MBA from every college is same.

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Watch below Video

https://www.youtube.com/watch?v=NQU0fG6g4t4&t=239s