Apr 21 2006
Do you need an MBA?
Why get an MBA? The reasons for pursing an MBA are unique to each applicant. In Good to Great, Jim Collins talks about the three circles in which great companies operate: Excellence, Economics, and Passion.
These three circles can also apply to individuals:
- Does getting an MBA allow you to pursue a career about which you are passionate?
- Does getting an MBA allow you to do something at which you can achieve excellence? Does it allow you to do something at which you are naturally talented?
- If you answered yes to the above two questions, does getting an MBA allow you to pursue a career that can financially support your lifestyle?
While pondering these questions, consider what an MBA can offer:
- Career options – An MBA can be used to change careers or advance in your current career. Some careers, such as management consulting and investment banking, typically require an MBA. If your goal is to advance in one of these careers, an MBA at a top school is likely a necessity. Also, an MBA can help those in non-business fields (such as engineering) make the move into management or into other [tag]business fields.
- Increased salary – The Graduate Management Admissions Council reports that the average MBA student makes $56,499 annually before attending an MBA program and makes $77,147 annually immediately after receiving an MBA (this should not be the main reason to pursue an MBA).
Technorati Tags: Good to Great, career, school, management
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Off course an MBA is important in profesional life. However, it is not easy to get it. It needs some effort and your cooperation. After finishing your MBA studies you will be able to open your career options and what is more interesting, increasing your salary.
regards
Estela