Master in Business Administration, or simply MBA, is a master’s program offered for the candidate who wishes to pursue higher studies in business administration. In addition to enhancing career opportunities, an MBA can contribute to the achievement of higher salaries. People often find that MBA freshers earn more than others due to the demand and technical skills required in the market. Doing this degree can guarantee job security, and almost every college provides 100% placement for the students. In this article, we will cover the prime aspects of choosing an MBA degree and also decide if doing an MBA is worth it in India.
Why people choose MBA in India
- Gaining knowledge about global market and industry.
- Sharpening Soft Skills.
- Expanding network.
- Greater Job Opportunities.
- High Salary and constant increment.
Is MBA worth it in India
Why people choose MBA in India
The most important question that one might ask is why people tend to choose MBA rather than other master’s degrees available. Landing into a job of dreams in India is quite challenging. One needs to work hard for many years to acquire a position where one can become financially stable and happy at the same time. But people with an MBA degree state otherwise. After attaining an MBA degree, one can earn more income than peers who work as working professionals or possess masters in other domains.
The second reason why people choose MBA can be the career opportunities and different disciplines it offers to students. MBA degree is open to everyone irrespective of their previous domain or stream. People tend to pursue MBA degrees more frequently because the scope of MBAs is ever-evolving and ever-growing.
You can also read the top 10 youngest self-made millionaires in India here.
Benefits of MBA
Candidates pursuing an MBA degree enjoy enhanced benefits in their professional careers. In India, it is mandatory to clear CAT (Common Admission Test) examination to get qualified for an MBA degree. You can visit the official website of the CAT examination to get more details and dates about the exam.
Some of the benefits an MBA post-graduate gets are
1. Gaining knowledge about global market and industry.
During an MBA degree, students discover more about how the global market works and what are the needs and expectations of the industry from MBA graduates. Students also get in close contact with industrial delegates who shares their work experience and knowledge with them.
2. Sharpening Soft Skills.
Good communication skill is always required to keep your point of view in the corporate sector. MBA helps the graduates to improve their soft skills and written communication skills necessary to convey the concepts to a large number of people at the same time with an accurate, concise.
3. Expanding network.
Building a community of highly qualified professionals can improve your network and gives you a chance to build relationships for the required business. A good network increases your possibility to stand out from others and gain much more expertise in the domain.
4. Greater Job Opportunities.
Job opportunities provided by an MBA degrees are high. MBA graduates can find a job in any industry. He is needed everywhere to manage the business and maintain good relationships among his colleagues. MBA graduates possess marketing and finance skills that employers look to hire. This increases their chances of being selected even further.
5. High Salary and constant increment.
An MBA fresher can expect a starting salary ranging from 5 lakhs per annum to 10 lakhs per annum. As discussed earlier, an MBA professional is essential in every sector. They build, lead and drive the team to complete the project with high client satisfaction. For this reason, the starting salary of an MBA graduate is higher than other graduates in the industry.
Is MBA worth it in India
MBA is worth it in India. MBA demands efforts and commitment towards it. The fees for an MBA degree course are high in India and vary from INR 20,000 to INR 40 lakhs. Therefore, students are expected to understand the seriousness of the program and make a serious decision before committing to an MBA program. There will be plenty of opportunities after completing MBA. Finding a job can be effortless in India as many big multi-national companies come forward to hire the graduates instantly. In India, the business sector has a high demand, and the number of businesses is also growing fast. Hence, the probability of getting a job in a good position always remains maximum. Therefore, MBA in India is the best decision that a graduate can take while considering the next steps in their career.
Major takeaway
In this article some of the key aspects as to why MBA is worth it in India was mentioned. One can easily get an overview of how MBA graduates play a crucial role for the management of business administration and smooth workflow. The article also included some of the major benefits that an MBA graduate student gets.
In the end, it all depends on the perspective of the student and his long-term goals. If MBA is what you want to pursue, then you must go for it.
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