In today’s time
when many would agree that a right skill-set holds more significance than a
degree or a diploma course, there are many who still feel that an MBA degree is
a prized possession. There is no dearth of applicants applying to MBA schools
even though casting doubts on the merits of pursuing an MBA degree has become
one of the latest fashions.
With millennial
joining the workforce and flexible work on the rise, a majority of candidates
are keen on living the life of digital nomads and taking up freelance gigs
based on their hobbies and skill set.
In a given
scenario, it might seem that degrees like MBA, which predominantly focus on
imparting knowledge related to a business along with quantitative and
analytical training, are losing their significance. This is, however, far from
the truth. There is absolutely no difference in the number of candidates
sending their applications to business schools. Having read that, you might
want to question:
What could be the possible reasons for
people to still consider MBA as one of the top degrees?
What are the reasons for candidates getting
rejected by top-ranked MBA schools year after year?
The truth is that young people still remain
passionate about pursuing MBA.
You might want to
contribute money and power as reasons to making someone highly interested in
doing MBA. It is generally perceived that all prospective MBA applicants are
after money and power. While these reasons can’t be denied completely and they
might be true in some cases, they are not always true and are necessarily not
the only reasons in people wanting to do MBA.
Learning and Skill-set Expansion
The findings from
different surveys reveal that the younger generation is interested in the
actual learning and skill-set expansion. They are inclined towards gaining
knowledge and acquiring skills that will help them pursue what they are most
interested in. Furthermore, they want to expose themselves to opportunities
that will help them make a transition into a new career or make career
progression within the same industry. For the same reasons, the students are
not at all reluctant in enrolling themselves in second- and third-tier business
schools or even opting for distance MBA learning.
The younger
generation, these days, looks forward to meeting new people and gaining an
exposure to interesting work opportunities. Because an MBA degree guides them
towards a path that guarantees them all these things in their careers and a lot
more, why would they not want to explore this field of study?
Career Prospects
While an exposure
to interesting career opportunities remains one of the top reasons for
candidates to consider studying regular MBA or distance education MBA, there
are quite a many applicants who want this degree in order to have an
exponential rise in their salary and pay cheques.
Learning in Groups
Because the
business schools emphasize group learning, the students get to learn a lot from
their fellow students. The fellow students become fellow alumni after the
completion of a course, thereby, offering MBA school pass-outs the access to a
network of influential head honchos, depending obviously on the choice of a
business school and program. Access to such a powerful network is one of the
most valuable benefits of pursuing an MBA degree and a reason strong enough for
students to still want an MBA degree.
Interpersonal Skills
Leaving aside the
candidates who have better career prospects as one of the reasons (direct or
indirect) in pursuing an MBA degree, you’ll be amazed to find that there are
many candidates who wish to study this masters degree in order to become
capable of making a positive contribution towards society and make this world a
better place to live in. Because the young people are very well aware of the
fact that business schools make leadership and interpersonal skills a high
priority, they make a quick choice of doing an MBA in order to get right
guidance for the accomplishment of their goals.
The business
schools are famous for conducting experiential activities with an objective of
bringing students together by helping them analyze and understand their
strengths and weaknesses. With an objective of promoting self-awareness, the
activities conducted in business schools follow a completely different approach
from the ones conducted in traditional classroom learning.
Over to you
While the reason
people want to or don’t want to pursue an MBA degree remains personal, it is
crucial to determine whether the things an MBA degree offer align with your
expectations or not. This is important so as not to have any regrets later in
your career. It might help you to ask yourself:
Are MBA programs under your consideration
specialize in offering leadership and management training?
What are the experiences of students who
have already completed these courses and if they got any benefits by pursuing
them?
Will the courses under your consideration
help in honing your practical skills?
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