Deciding to do an MBA (Master of Business Administration) is a very hot topic nowadays. Is an MBA just a trend (see the MBA application statistics in the U.S. and in Europe), or is there real value in pursuing such a well-regarded study programme? So is choosing an MBA at a business school abroad worth the investment and the demanding entry requirements?
If you're preparing to enter the business world the short answer is "definitely YES!" An MBA will offer you a wealth of advantages, especially when it is a top business school with a very good reputation. Getting a higher salary after graduation, landing a top management position or even becoming your own boss are just a few of the advantages!
Find and compare all MBAs worldwide
Here are the top 7 reasons for which it is worth to start studying a Master in Business Administration:
1. An MBA means better chances for a higher salary
The average salary for an MBA graduate is considerably higher compared to the salary of an employee with a regular Master's degree qualification. You can expect to earn twice as much as what you would expect to earn from a regular university degree.
Average salaries for MBA graduates
- In the U.S. - 84,650 EUR/year
- European countries - 100,000 EUR/year
In two-three years' time, you cover the investment made in your MBA education.
Average two-year MBA costs at top business schools
- In the U.S. - 101,200 EUR/year
- In Europe - 9,800 to 35,600 EUR/year
Check out some useful advice on how to finance your MBA studies.
2. Open the door to thriving career opportunities
Due to their qualification, graduates of an MBA programme have higher chances of obtaining and holding a high-level management position. More than 50% of the MBA graduates worldwide are senior managers or board directors. This type of position brings along a higher salary but of course also a higher responsibility and longer working hours.
According to Bloomberg, some of the top employers that hire the largest number of MBA graduates in Europe include Deloitte, Ernst & Young, McKinsey, Boston Consulting Group. American companies like Apple, IBM, Procter and Gamble, and Amazon are also constantly hunting for MBA graduates.
Read more about:
- Careers for international business graduates
- 5 business schools in the U.S. top companies are hiring from
3. Get free access to a large business network
As an MBA student, you have great networking opportunities. Youll get to know and interact in a context that accentuates your business management capabilities with colleagues, professors and teaching staff (usually former or current potent business people, with great management experience).
Furthermore, if you are not doing a part-time MBA next to your job or within your company, you have good chances to meet potential employers through the various internships that are part of most MBA programmes.
Last but not least, you gain access to the extensive alumni network of that particular MBA programme and of others (professionals with key positions to whom you already have a direct link through the MBA education you possess).
Your connections will give you a great overview of the business world, and a deep understanding of the slightest changes in the business environment. You can reflect on some big business issues, make connections between various global events and world affairs .
Check some of the most popular countries where you study an MBA:
- MBA programmes in Spain
- MBA programmes in Switzerland
- MBA programmes in France
- MBA programmes in the UK
- MBA programmes in the U.S.
4. Acquire valuable business and managerial skills
An MBA education is usually pursued by young professionals with a minimum of two years of work experience and even by senior employees that feel up to the challenge. After some time in the professional life, it is in the human nature to conform to a certain repetitiveness and to avoid taking risks.
Studying a Master of Business Administration forces you to get out of your comfort zone, deal with the latest issues in international business, apply the newest management techniques and just constantly challenge yourself. And that will continue after graduation as well, as an MBA also provides you with the channels that will keep this challenge alive and push you to continuously improve.
5. Be your own boss
Many students choose an MBA because they want to become entrepreneurs and learn how to run a successful business. An MBA programme will help you acquire the knowledge and business practices that are needed to start a new business or help an existing business grow and develop.
Even if you won't Many MBA graduates end up starting their own business and those who dont, initially land middle-level or top-level management positions within big companies.
6. Experience a new place and culture during your studies
If you choose to study an MBA abroad, you will not only gain a new perspective on how businesses are handled but get to experience living in a different country. This will broaden your cultural and intellectual horizon, and your business career prospects as well. You can find companies that you want to work for, arrange meetings with potential employers and who knows? You might end up staying and working after graduation or build your own business in this country.
Based on the international mobility criteria ranking made by Financial Times, some of the top business schools in 2016 are:
- Insead Business School, France
- London Business School, UK
- SDA Bocconi, Italy
- HEC Paris, France
- Duke University, USA
7. StudyPortals is here to help
StudyPortals, the biggest study abroad database provider is here to help you find and prepare for the right international MBA to fit your needs and ambitions.
Find information about:
Meeting MBA admission requirements:
- MBA entry requirements in the U.S. and Europe
- Required GMAT scores to study an MBA in the U.S.
- MBAs that don't require then GMAT
- MBA programmes that accept low IELTS scores
- Motivation letter example for MBA applicants
Considering your MBA options:
- Business schools in Europe
- MBAs in America
- One-Year MBAs
- Choosing between an MBA and a MIM
- The difference between an MBA and an EMBA
Find and compare all MBAs worldwide
An MBA means a worldwide recognition of your credentials
Once you successfully graduate from an MBA, regardless of the location where you plan to build your career, your degree will be acknowledged and you will surely increase your credibility among business people. The real advantage of an MBA however, is its proven versatility; with an MBA, you can pursue many career fields, and advance to higher and better-paid jobs way faster.
Start looking for an MBA degree and find your perfect match!