The Value MBA Graduates Bring to Organisations
The Master of Business Administration (MBA) has a long-standing positive reputation across a range of industries, and rightly so – the degree equips current and future leaders with the necessary understanding and skills to drive high-level business strategy. That being said, organisations are increasingly analysing the value of the degree and how it might benefit the company’s own growth, sustainability and innovation. They want to make the most out of the investment that the staff member and often the organisation has made, and ensure that there is long-term value to the business – not just the individual. While we’re confident in the value MBAs bring to the table, we’ve conducted some research on the topic and compiled the below findings.
MBA graduates in Asia Pacific are more in demand than in any other region
The recently published Graduate Management Admission Council’s 2018 Corporate Recruiters Survey Report highlights some interesting MBA hiring trends. According to the report, demand for MBA talent is strongest in Asia Pacific, where 90% of corporate employers surveyed plan to hire MBA graduates in 2018. This is the highest share of any region in the world, followed by 85% of employers in the United States and 64% in Europe that indicated hiring MBAs is a priority to them.
Unsurprisingly, larger companies are more likely to prioritise hiring MBA graduates than smaller companies. Startups are the exception, however, having the largest increase in projected MBA hires, from 55% of actual hires in 2017 to 77% in 2018. And finally, MBA hiring demand is strongest among companies in the health care, technology, and energy/utilities industries.
MBA graduates see the big picture
When we work for one organisation for some time, it’s not uncommon to lose sight of what else is happening in the business world. MBA students spend significant time analysing businesses, developing a broad understanding of what others are doing, what has worked, and what has not worked. As a result, they graduate with an up-to-date understanding of the business world and the complex issues associated with it. Through the process of analysing and solving these business issues, an MBA students’ ability to think strategically is challenged and refined.
Founder of Sweetie Pie Organics Liliana Cantrell told Entrepreneur that her company values MBAs as they are great problem solvers, fast learners and they can see the big picture. She added that her and her employees’ MBAs taught them the operational principles that, “not only opened a lot of doors for us and gave us a competitive advantage, but also saved us a lot of money.”
MBA graduates think long-term
Employers are seeking employees that will assist in the long-term growth and sustainability of their businesses. Thanks to the comprehensive and integrated nature of the course content, students develop an understanding of how each business function (or department) operates, and how company decisions can affect each function. An MBA’s holistic understanding of a company will mean that he or she can contribute to achieving a sustainable position in today’s changing business environment.
For AIB MBA Graduate Jimmy Bangun, his employer saw the value of his MBA almost immediately after he had been exposed to the concepts. “Simply by applying the theory that I learnt in the MBA programme, I’ve helped my organisation expand overseas and double our fleet in the past year,” he said. Through the new knowledge acquired and confidence gained, MBAs can enhance the organisation’s progression, strategic direction, systems and management.
MBA graduates have diverse and highly qualified business networks
As a learning provider, we don’t completely agree with the phrase “it’s not what you know, it’s who you know” – we believe it’s a blend of both. MBAs undertake the programme with a cohort of other high-calibre students across a range of industries and roles. If they play their cards right and embrace networking opportunities, MBAs should graduate with a solid foundation of business contacts – both locally and overseas. This is of great value to any organisation, as the employee can call on their contacts for opportunities and assistance when needed. It could be for an opinion on how to approach a certain issue, or it might be to do particular business with that contact. Regardless of the use, it is important to have contacts outside of your organisation in business for the benefit of the MBA graduate and their employer.
The MBA from AIB is Australia’s largest MBA, chosen by more professionals than any other MBA degree in the country. It has been specifically designed for busy working adults, delivered 100% online through our interactive Student Learning Portal. The AIB MBA offers genuine flexibility, industry-relevant course content and the practical knowledge and skills you need to achieve your career goals.