You have probably heard from friends or colleagues that they have studied an MBA, which stands for Master of Business Administration, an educational modality specialized in the business area. The competition in corporate work is increasing, nowadays a university degree is not enough to guarantee promotions or better salaries, mainly because most of the workers at your level probably have it as well.
However, MBAs are a multifunctional type of education, i.e., they are not a certification for promotion, but the most complete means of acquiring the necessary business knowledge. Many people believe that only those who have a career in a large company require one, but entrepreneurs who own their own business can benefit greatly from it, as the education enables them to efficiently handle positions at the administrative level.
The immediate answer to the question of whether you should study an MBA is yes for several reasons, but the first is to contextualize it in your work field. People who work in areas such as IT or marketing may believe that an MBA is not related to their job, but in reality it is an excellent addition to their resumes for positions of greater responsibility within their area that require skills such as coordinating teams. So whether you have your own business, work for a company or are looking for a job, an MBA can increase your chances.
What is studied in an MBA
MBAs are designed to train leaders, which is why it is a type of education for professionals, covering different areas that need to be addressed from a work perspective. It should be noted that as a type of higher education it must be given in internationally recognized institutions. Obtaining an MBA from an institution with a bad reputation can not only result in an invalid degree, but also decrease your chances of being hired as it can be seen as a kind of scam, a dishonest method that disregards both your knowledge and abilities.
Therefore, if you have decided to pursue an MBA, it is best to opt for an international MBA in a recognized institution and endorsed by a house of studies, such as ENEB, which is accredited by the University Isabel I and has been awarded the Cum Laude 2020 seal of quality. MBAs are educational degrees that few people have, around 10% in the executive sector, and this figure may be lower depending on the country. Being a career that has only recently started to become popular, it is important to graduate from a recognized institution in order to have credibility.
The disciplines studied vary relatively depending on the MBA as there are several areas of specialization, but they are mainly structured around management, accounting, marketing, human resources, and finance. The main focus is the development of efficient management skills and the acquisition of a thorough knowledge in the essential areas that constitute the management of a company or project. However, the study is not only theoretical, but is accompanied by internships, which can open the doors to the labor market.
Among these skills, collaborative work and decision making stand out, providing MBA graduates with an important network of contacts among their peers that has proven in numerous cases to be extremely beneficial. This is mainly due to the fact that most of the other MBA students are employees of top-level companies or people with clear career ambitions, and these interactions are established even at the distance learning system, online.
What do you need to study for an MBA?
The first thing to keep in mind is that an MBA is a master’s degree, which means that you need a bachelor’s degree to be able to apply for one, but this does not necessarily have to be related to it, such as administration or accounting, so it is not a limiting factor. Some MBAs require the applicant to have held managerial positions for a certain period of time, but again, this is a requirement related to the institution to be applied to. Finally, in the case of international MBAs, it is necessary to be fluent in English, but no additional language is required.
In the last decade there has been a considerable increase in the demand for professionals with MBAs, with business giants such as China and India being among the main countries to start demanding trained personnel with one for managerial positions. This trend seems to be on the rise with the job market becoming increasingly competitive and the demands of the modern world advancing rapidly, an indispensable requirement of employees is adaptability and academic preparation to ensure their professional growth.
Obtaining an MBA has multiple benefits, from greater job opportunities to salary increases of up to 200%. It can be categorized as an investment, which also has a payback period ranging from two to four years, making it extremely profitable. Whether you are just entering the job market, want to start a business venture, or want to move up the career ladder, an MBA gives you the skills you need to boost your career.
