Should I Do an MBA? Questions you should ask yourself.
The decision to undertake higher education, especially for a degree like an MBA, is not one made easily. Many students approach higher education providers wondering if the degree is right for them, and the most common question asked in the preliminary stages is ‘Should I do an MBA?’. The reality is, the MBA will not be for everyone – however it is a critical qualification for many areas in business. If you’re wondering whether the MBA is for you, try asking yourself the following three questions.
What do I want to get out of my career?
As a reader of this article, it is already clear that you are career driven and interested in the business world. If you’re looking into the MBA programme for reasons such as career progression, improving your overall business knowledge or contributing more at a higher level – chances are you should do an MBA. There are a whole range of reasons why people choose the MBA, but the vast majority are centralised around bettering their career or getting more out of their current role. Taking the time to sit back and analyse why you are looking into the MBA in the first place will help you come to this realisation. It is also helpful to write down some career goals – if these indicate that you want more out of your career, then you should look to do an MBA.
Is the time right for me?
The programme itself may be right for you, but is it the appropriate time in your life to do an MBA? The successful completion of an MBA requires much dedication an exceptional time management skills. Whilst some MBAs offer more flexible arrangements, timing is often a key component of success when it comes to study. Although you cannot plan for everything, it is recommended that you do an MBA when you can foresee there will be few major interruptions in your life. For example if you are planning to start a family, or perhaps have a big holiday planned, commencing your degree may not be the best idea.
Which skills am I looking to improve?
Without stating the complete obvious – if you’re looking to learn other skills such as speaking Spanish – the MBA is not for you. Students who do an MBA are looking to improve their business related skills such as improved communication, better leadership and understanding of other business areas. It is recommended that you write a list of the skills you would like to either gain or build on, and discuss these with your Course Advisor when looking to enroll. Regardless of which degree you pursue, Ii is important to know what you want to get out of it. If you go in with little idea from the beginning, you are likely to not grow as much from the experience.
What do you think?
Are you looking to do an MBA? Try asking yourself the above questions and analysing if it is the right degree for you. Chances are those with a desire to improve their business related skills, wanting to get more out of their career and who feel it is the right time will be perfect for the MBA. If you are unsure and would like to talk through your options, contact one of our Course Advisors today.
This article was written by Laura Hutton on behalf of the Australian Institute of Business. All opinions are that of the writer and do not necessarily reflect the opinion of AIB.