Personal Advantages of a Formal Business Qualification
It is sometimes assumed that an MBA offers only professional benefits to its students. There are many stories and anecdotes of the knowledge gained and how it has assisted a graduate in their business environment – but there are several personal benefits that may be achieved from completing a higher education qualification such as an MBA. Today we’re going to look at just a few of the personal benefits that an MBA graduate may achieve throughout, and at the completion of, their studies.
Confidence and Leadership
Some people underestimate the power of a qualification in building the strengths and confidence of a student. A major advantage of an MBA degree is that, although students are encouraged to study major business concepts and theories, they are also exposed to situations which allow them to build their leadership skills and therefore develop their confidence.
The effort and level of accomplishment required to successfully obtain an MBA is not to be ignored – and the confidence and pride it can bring to an individual is greatly valuable. MBA students and graduates have reported feeling more self-assured in their personal and professional interactions, secure in their newfound knowledge and aware of their strengths and weaknesses.
An advantage that some may find unintentionally at the completion of their degree is the opportunity to diversify their current career, and develop further in a different industry or speciality. From a personal perspective, the opportunity to achieve a promotion or make a career change is a powerful one. It can help an individual to achieve professional fulfilment and make a difference to whatever they choose.
Promotions during or at the completion of an MBA degree are not uncommon – students find that the additional confirmation of their business skills is a powerful negotiation tool in business circumstances. But promotions can have personal benefits too – salary increases, a better understanding of your organisation and a sense of purpose can be valuable to many.
Career changes are also a powerful incentive for students – an MBA is a widely-recognised degree, and as such is considered to be transferrable across many industries. Whether in a new organisation or through the creation of a business, a new opportunity can provide a graduate with the drive to achieve something new, and a newfound incentive for success.
Studying a higher education level qualification whilst juggling work commitments and family priorities can be an incredibly stressful undertaking – but the skills gained from managing such commitments and achieving a degree can be invaluable from a personal perspective. Stronger time management skills, better organisation and the ability to schedule requirements and tasks is incredibly useful in an age where people never seem to have enough hours in a day. In addition, learning to cope with stress and keep calm under intense pressure is always a valuable personal benefit – preparing you for future circumstances of stress or crisis.
What do you stand to gain personally from completing a business qualification? Are you an MBA graduate who built their personal abilities in addition to their professional ones? How do you think higher education can change lives? I would love to hear your thoughts in the comments below.
This article was written by Simone Ball on behalf of the Australian Institute of Business. All opinions are that of the writer and do not necessarily reflect the opinion of AIB.