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Why you study management in MBA?

James Washington

in Higher Education

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Kaitlin Dean on August 8, 2018

The following was written by Wharton College Pennsylvania. Thisshould help. Why an MBA the MBA is not an end in itself, but a means to an end. Is adegree designed to give you the ability to develop your career toits fullest potential, at an accelerated pace. What you getout of an MBA? Aside from a powerful life experience, the MBAdegree 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 socritical to effective management. MBA students acquire theseskills inside and outside the classroom. Since MBA programs attractpeople from very diverse industries and cultures, a program should be able to leverage these differences and translate them intolearning opportunities. Networks An mba degree program offers access to a network of MBA students,alumni, faculty, and business and community leaders. This networkcan be very useful when beginning a job search, developing a careerpath, the building of business relationships in your current career, orpursuing experience outside your current field. For example,entrepreneurs need access to capital, business partners, suppliers and customers. Arts-related businesses need access to finance andstrategic management in order to position themselves to be relevantin the market. Global businesses need access to local businesscultures as they expand their enterprises to new territories. The mark of the master of business administration degree is a recognized brand that signifies management andleadership training. The particular school and type of MBA programyou attend also have brand associations that can help open doorsbased on the reputation of the school. The strength of a school brandis based on the history of the program, its ability to provide studentswith technical skills and opportunities for personal growth and the reach of its alumni and industry network. A powerful brand cangive you the flexibility to make changes throughout your career. In addition to the excellent presentation of Wharton, part of the university of Pennsylvania, the skills of students in all areas ofbusiness and finance, obtained from studies in theundergraduate level, it's going to be much higher in the graduatelevel.

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