Are you looking for an MBA degree abroad? Do you want to combine campus learning with an amazing experience at a beautiful location in Germany? Would you like to have the dual advantage of a British degree and a stay in Berlin or Bad Honnef? Opt for the One Year Global MBA (Master of Business Administration) with IU, Germany, for a degree that prepares you for the global job market. Boost your career prospects with an MBA with specializations in Digital Marketing, Business Analysis, Design Thinking, and Digital Transformation. Avail of an exciting 18 months Post Study Work Visa and an opportunity to work in the 4th largest economy of the world.
Why study MBA?
An MBA is a sought-after degree for all types of professionals ranging from fresh grads to mid-career professionals and established executives. Students and professionals from any discipline can opt-in to better understand how to manage their employees or teams.
Besides, business schools offer diverse specialisations such as Banking & Finance, Operations & Management, Marketing, HR and Business Analytics to name a few. This gives the learner a wide variety of specialisations to choose from. Programs also offer options off-campus or online learning for working professionals helping them pursue MBA from the comfort of their homes.
MBA programs teach you a wide range of skills, from managerial skills to soft skills. While an MBA degree makes you adept in handling management positions, it also fortifies you with analytical and strategic thinking, networking, leadership, communication and other skills.
A business school degree offers several benefits besides the salary hike and personal growth, as outlined below:
Facilitates Career Change
The smoothest way to change your career track is through an MBA, as it enables you to pursue your interest regardless of your undergraduate background. Thus, an engineer can pursue an MBA in Finance, and a chartered accountant can pursue an MBA degree with a specialization in Business Analytics.
Accrues benefits of an extensive network
MBA students come from various industries and disciplines. Students and working professionals study together and participate in group discussions and projects. This enables an exchange of ideas, skill sets and job experiences, expanding visions and enriching individual knowledge base. The vast network of fellow students and professors and visiting faculties who are business people with management experience, help you to strengthen your business management capabilities.
Access to the alumni network of that management program also opens up your network to unlimited connections in every domain imaginable.
Helps you develop skills
Whether you are an entrepreneur or an employee at an organization, you must have managerial and teamwork skill sets. They add value to your arsenal of skills and enhance your working efficiency. Soft skills, technical skills and work experience come together to provide the perfect balance and boost productivity at work.
MBA courses lay emphasis on managerial skills besides laying the foundations of theoretical learning. These programs are designed to groom future managers and entrepreneurs and include the necessary training to churn out competent managers across industries.
Drives career growth
In an environment of specializations, cross-discipline knowledge has almost become a necessity. A standalone engineering or finance degree is not sufficient to serve in managerial positions. The MBA degree is a post-grad degree that tops the graduate discipline with a master’s specialization in management. It empowers you with additional knowledge and skills that help you ace interviews for high positions and land lucrative jobs. A single grad degree starts you at the bottom of an organization, but an MBA degree sets you off with lucrative lower to mid-management jobs. Many programs and institutions also offer you the opportunity to join internships with large enterprises right from the second or third semester, adding to your learning opportunity together with earning.
Makes you entrepreneur-ready
An MBA program imparts the necessary knowledge and skills to help you start your own business from scratch and pursue the path of an entrepreneur or start-up founder.
Why do companies require MBA professionals
An MBA program imparts both theoretical and practical knowledge of how businesses operate. A prime requirement of managing a business or organization is soft skills, such as communication, teamwork, and leadership. Meeting deadlines, managing operational silos or breakdowns are other deliverables of a manager. And an MBA professional is equipped with these skills.
Any company requires MBA professionals for the smooth functioning of various departments of the business and resource optimization.
How does MBA help transform business
MBA professionals help transform businesses with their inputs and continuous monitoring to ensure the various departments in the organization are functioning effectively.
They facilitate the following for business transformation:
Resources are the backbone of an organization. It includes the people who constitute the human resource and function as the main work force. Other resources can be fixed assets such as workspaces or movable assets such as tools and supplies. MBA professionals manage company resources and utilize them to the fullest extent possible without making any concessions.
Financial resources are critical to an organization as the senior executives are answerable to the investors and shareholders for company performance. Operation and maintenance costs are necessary but form a sizeable chunk of the costs. MBA professionals can help identify the gaps and suggest solutions on how to achieve the end goals with lesser outlays. MBA executives are primed to make the best use of investments for scaling up and achieving ROIs. A business graduate allocates financial resources, and administers the optimal use of resources.
MBA courses teach students to perform and manage under difficult and stressful circumstances. They also impart training on how to foresee and manage organizational risks in various industry settings. Thus, MBA professionals help organizations manage risks and mitigate vulnerabilities, such as process breakdowns or supply management issues, and make provisions to dispel any adverse outcomes, helping companies remain productive at all times.
Customer satisfaction is the top priority for any organization. And the quality of product or service and timely delivery plays a critical role in meeting customer needs. Managers help to manage work schedules, so timeframes are maintained. It calls for detailed planning, implementation and monitoring. MBA professionals are trained in the techniques of time management and adept at ensuring time frames are maintained.
Human Resource Management
MBA professionals are taught to make optimal use of human resources (HR) to maximize productivity. Especially MBA grads with HR specializations are skilled at managing manpower to achieve business outcomes with minimum conflicts, lapses and silos. This helps companies with a happy and productive workforce, the mainstay of any company.
An organisation is expected to meet customer satisfaction and achieve marketing goals for higher returns on marketing investment. B-school graduates understand the intricacies of marketing and serving customers to meet customer expectations. They are well positioned to portray the brand through various marketing channels, building customer trust and confidence while meeting the marketing goals.
Ultimately a business is driven by sales and MBA professionals, well equipped to scale marketing and sales goals.
Maintaining Product or Service Quality
The quality and standard of output, product or service, is the foundation of business success. Without acceptable quality, it is difficult for an organization to have happy customers or remain afloat. Managers oversee standards to make sure that quality and benchmarks are always maintained. This ensures better productivity and customer satisfaction.
As we have seen above, managers with an MBA degree are the glue of any organizational framework and responsible for keeping the business functioning along expected lines of resource management and customer satisfaction. Most importantly, MBA professionals help achieve ROIs that keep shareholders happy.
Do you still have doubts about why to get an MBA degree?