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What is the reason for studying MBA?

Ralph Lopez

in Higher Education

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Ralph Lopez on January 7, 2019

The following was written by Wharton College Pennsylvania. This should help. Why an MBA the MBA is not an end in itself, but a means to an end. It is a title designed to give you the ability to develop your career to its fullest potential, at an accelerated pace. What are you going to get out of an MBA? Aside from a powerful life experience, the master of business administration degree should supply three main value propositions: Skills, Networks, and Brand. Skills These include the "hard skills" of economics, finance, marketing, operations, administration and accounting, as well as the "soft skills" of leadership, teamwork, ethics and communication that are so essential to the effectiveness of the management. MBA students acquire these skills inside and outside the classroom. Since MBA programs attract people from very diverse industries and cultures, a program should be able to take advantage of these differences and turn them into learning opportunities. Networks An mba degree program offers access to a network of MBA students, alumni, faculty, and business and community leaders. This network can be very useful when beginning a job search, developing a career, building business relationships in your current career, or pursuing expertise outside your current field. For example, entrepreneurs need access to capital, business partners, suppliers and customers. Arts-related businesses need access to funding and strategic management, in order to position themselves to be relevant in the market. Global businesses need access to local business cultures as they expand their enterprises to new territories. The mark of the master of business administration degree is a recognized brand that signifies management and leadership training. The particular school and type of MBA program you attend also have brand associations that can help open doors based on the reputation of the school. The strength of a school's brand is based on the history of the program, its ability to provide students with the technical skills and opportunities for personal growth, and the reach of its alumni and industry network. A powerful brand can give you the flexibility to make changes throughout your career.


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