Are you looking to improve your business management and entrepreneurial skills to gain higher income potential and professional credibility?
A master’s in business administration is an excellent course for ambitious individuals who want to grow in their careers — locally and internationally.
REGENT offers an MBA course that equips students with advanced business management skills that will set them apart from other employees.
This article will discuss an MBA and the top eight reasons to pursue this program this year.
What is an MBA degree?
An MBA, short for master’s of business administration, is a postgraduate business, management, and entrepreneurship course.
It develops the skills of students with bachelor’s degrees in business administration or a related field to better understand general business management practices.
An MBA allows students to expand their practical and theoretical capabilities within business management and teaches them to expand their network and boost their career performance and salary.
As a result, graduates become more desirable prospective employees who stand out among other job candidates.
Furthermore, the need for managers in South Africa continues to grow, with managers in different industries among the top five most in-demand jobs in South Africa.
8 reasons to do an MBA
Here are some of the biggest reasons you might consider earning an MBA.
1. MBA has many specialisations
MBA consists of many specialisations. These include, but are not limited to:
- General management: This is the most popular MBA specialisation and is excellent for developing a well-rounded business arsenal so graduates can work in several business environments.
- Strategic management: This specialisation teaches students advanced business planning skills, including long-term and backup planning.
- Finance management: Teaches students to manage business finances. This is an excellent option for students who want to work in banking, data analysis, accounting, statistics, and other financial business areas.
- Marketing: Teaches students how to effectively promote company products and services to increase business profits. This is great for students pursuing careers as marketers, advertisers, or sales managers. Discover the eight best digital marketing jobs today.
- International management: This specialisation is ideal for students who want to work abroad in global companies. It teaches students to align global business goals.
This means MBA courses create vast career opportunities, and students can choose what area they want to specialise in based on their interests and career goals.
2. High-income potential
MBAs offer higher job security and salaries. The average salary of employees with MBA degrees is far higher than those with bachelor’s or BCom degrees.
This is because MBA graduates can step into senior management positions that have more responsibilities and higher income brackets.
Graduates can sometimes even expect to earn double their salaries. However, the exact amount that you make will significantly depend on the specialisation and career path you choose.
3. Access extensive business networks
MBAs offer great networking opportunities since you will interact with fellow students, lecturers, and other business people with extraordinary management abilities. These connections will give you an excellent overview of the industry to open your mind to what is truly possible.
You will also learn what works well in the business environment from other professionals and how you can approach business issues without going through trial and error.
4. Global exposure
Since a graduate with an MBA to their name is seen as someone who has skills in various core business and management areas, they are seen as competent employees. This means they can explore career options in any part of the world.
5. Develop management skills
An MBA will help business people who have a few years of work experience in business learn the critical management skills to make a business successful.
While the modules offered in different master of business administration courses can vary, the most common things taught in an MBA include the following.
- How to be a good leader in a business setting
- How to develop and promote company products and services effectively
- How to solve problems and manage risks
- How to ensure company finances are kept healthy
- How to hire the best talent that will help the company grow
- How to create company hierarchies and echelons
- How to make and maintain a positive company image and culture
This means MBA graduates will have all the management skills necessary to run different departments of a company in the best way possible.
Discover the top eight management skills all business leaders need.
6. Gain entrepreneurial skills
Students of an MBA learn aspects of all parts of a business — meaning they are equipped with all the skills necessary to become entrepreneurs.
Having an MBA means they have the skills to build a business from the ground up and manage its finances, human resources, marketing, and more.
7. Develop communication and other soft skills
In addition to learning management skills, students will also learn soft skills, such as effective communication, interpersonal skills, teamwork abilities, and more.
This will improve their resumes and help them be better leaders who care about their subordinates and build a working environment employees love.
8. Build a personal brand and high credibility
If you pursue the entrepreneurial route, the skills you learn during your MBA and the connections you build will establish your credibility and personal brand.
You will be seen as an expert in your field and will build your authority within local and international markets.
Study an MBA with REGENT
After reading this article, you should clearly understand what an MBA degree is and why you should consider pursuing it.
If you would like to learn more about this program, head to our MBA course page to know what is involved and MBA requirements. We look forward to seeing you in the program!
