Studying for an MBA is a well trouble part to giving your career a spruce up. But what is an MBA? Who should apply for one and where should you apply to?
Confused? You soon want be. We’re here to master the secrets of the MBA.
MBA stands for Masters in Business Administration. It’s something that covers a broad range of business packages. It’s not something that focuses on individual functions even thought that is the part of the MBA training program but it prepares people for a general management actively.
Why do people choose to do an MBA?
There’s three main reasons. And those 3 main reasons are acceleration or conversion or depth of knowledge. Acceleration is where you are extremely aspirating in your career, wish to get to senior management level but you maybe do not want to spend the next 10 to 15 years going into variety of different posts to experience every management discipline.
One of the real advantages of doing an MBA is that you should get that strategic perspective and you can take a step back and analyze what’s going on and how to approach them. There is a tremendous value in that.
Conversion is often where you have to do with a specialize career. That would be an engineer or there an IT expert or there an advertising expert and actually what they want to do is to get into something completely different or aspire to some management roles and they going to have to convert that specialism into more general management competence.
The last reason which is depth of knowledge is very often where somebody knows that they’ve got to get a broader exposure to these subjects and they want to do it in a fairly concentrated and condense form.
MBA common problem and Real Life experience importance
The problem with an MBA is that you believe that you were being taught how to manage. But do you truly believe that it’s possible to taught how to manage?
The only way to learn how to manage is to …well manage! So a thought that you could go thru a 2 year course to learn anything but tools, particularly quantitative tools is a bit dubious reasoning. You will learn much more of practicals aspect of managing a business by actually working with any kind of small, medium business. This is crucial so dont forget it! Get your MBA but get experience on the field as well!