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Does Your MBA Equal Success?

May 4, 2014 10:08 pm0 commentsViews: 263

mbasuccessMany people assume that once they have their MBA, they will automatically be offered a high paying job and spend the rest of their professional lives feeling appreciated and fulfilled. While this is entirely possible, it doesn’t always happen. The reason for this is because an MBA alone can’t guarantee that professionals will find success within their chosen field; in fact, graduating with an MBA might be the first in a long line of steps that will lead them onto success within the field of their choice.

Communication And The Road To Success

Communication is integral within the world of business and it is something that professionals often forget about once they are working within the field of their choice. Many professionals work long hours, play key role in making integral changes within their companies and generally put all of their efforts into advancing in their career without much luck. This is often, though not always, because while they might have superior skills in doing the jobs that are assigned to them, they lack in communication. Communicating with superiors and those who are going to be directly responsible in helping a person climb the ladder of success is imperative and without this, individuals might slip under the radar and go unnoticed for years, if not most of their careers.

Along with sound communication skills, individuals will also need to take note of the political climate within their company. This doesn’t refer to government politics, but rather the politics as they play out in and around the work place. Individuals should keep in mind, for instance, that when a CEO is replaced, top management tends to get replaced along with them. This is generally because CEOs tend to want people that they can trust around them, so they will most likely make many changes as they are getting comfortable in their new role.

Individuals should also be aware of the loyalties as they lie with various stakeholders in the company. While a professional might be loyal to one individual, if they are stepping on the toes of a lot of the upper management, this could present a problem to them and everyone underneath them.

These are skills that individuals might not necessarily learn while studying for an MBA, but they are integral to aiding an individual in finding success within their careers. With that being said, a quality education can help someone strengthen their chances of getting the jobs that they have always wanted, and a good MBA degree is just that.

The Benefits of an MBA

An MBA could help individuals advance in their careers by providing them with the skills they need to do so. Individuals who are looking for leadership positions will find that it is easier to obtain these roles with a high quality certification behind their name, and the MBA is one of the highest qualifications a person can get within a wide range of fields. Those who are already established within their careers might want to use an MBA to give them enough leverage to advance to a leadership position, while those looking for a career change might utilize an MBA for just that reason.

Another great benefit of opting for an MBA is that this qualification could actually increase the salary a person asks for. According to a recent survey, the average MBA holder will earn a median annual salary of about $100,000. These earnings are appealing because of the costs associated with receiving an MBA, among other reasons.

Getting paid to train is an available option for many employees, although not for all. Companies who want to invest in certain individuals might support them in their application to receive an MBA, including paying for their studies, with the promise that they will work for the company for a set number of years once their studies are complete.

Starting Your Own Business

Many entrepreneurs opt to enter into business school before they make the choice to open up their own business. While there are those who will stay in school for as long as it takes them to get a great idea or build up connections that will help them in succeeding, others see it through to the end. Great entrepreneurs are usually the ones who are willing to take risks and see potential where other people might not, but they also require other skills that could help them in setting up and running their business. These skills might range from financial abilities to communicating effectively with clients.

While there might be many entrepreneurs who were born to flourish in this industry, there are those who might struggle a bit more to fulfill all of the roles required of them, and this is where obtaining an MBA might really come in handy. The MBA could end up making it much easier for individuals to glide seamlessly from one role to the next, therefore increasing their chances for success further down the line.

Obtaining Loans

Those who have an MBA education might find it easier to finance the business of their choice, particularly when it comes to approaching lenders. Many lenders feel that individuals with MBA have better prospects when leaving the institution of their choice and so they are often more willing to fund their businesses, if the individual has not already taken on too much debt.

Enrolling for an MBA might not always lead people directly to success within the field of their choice, but this doesn’t mean that it won’t contribute to it. Individuals need to remember to utilize the benefits of the MBA to their advantage and allow this sort of education to prevent them from making some of the many common mistakes that often lead individuals to failure within their chosen field. This is especially true of entrepreneurs who will benefit from learning everything that successful professionals within the field will have to show them.

While an MBA might not guarantee success, it can provide individuals with the tools they need to succeed, and this makes it worth the investment.