Why Future Executives Should Consider an MBA
People look to post-graduate study to achieve a wide variety of professional goals – from salary increases to improving skills or knowledge, everyone is looking for something a little different from their studies. A Masters in Business Administration is a popular form of post-graduate study because of its versatility in helping people to achieve their goals.One such group is the future executives of this world – employees working in low-to-mid level positions within an organisation, who are looking to study a degree that will provide them with the foundation abilities to rise through the ranks of their organisation and achieve an upper-level management position.
There are many reasons a future executive may look into undertaking an MBA qualification – here are just a few reasons to consider investing in further study if you are looking for a promotion.
Learn Important Skills
Managers are required to have a range of skills and abilities, and future executives need to ensure that they also have a range of skills. Most high-level managers have, as a minimum, a basic understanding of key business elements such as sales, marketing, human resource management, finance, law, operations, customer service and so on. An MBA can provide a great insight into each of these important areas for a future executive – allowing you to build a great bank of theoretical and practical knowledge to draw on in the future.
In addition to learning key skills, an MBA provides individuals with a more worldly approach to business, as well as the ability to think strategically and critically about a business and its products or services.
Gain Trust and Credibility
A formal higher education qualification, such as an MBA, provides future executives with a sense of trustworthiness and credibility in the eyes of their employers and superiors. Especially for younger budding managers, an MBA can provide concrete evidence of a person’s drive to succeed and willingness to learn. An MBA is often seen as a marker of professionalism within the wider business industry, and is therefore valuable for people looking to rise to high-level roles.
Be Exposed to Theories and Case Studies
Business management theories are commonly found across managerial positions – the theoretical knowledge base is very important for those with ambitions to hold chief executive roles. An MBA through AIB provides a great deal of practical, applicable theories and knowledge to its students, which can then be utilised in future executive, decision-making positions.
Encouraged to Build a Network
Future executives need to have a strong network of other business people around them – those they can call on for advice, assistance or even to form a working relationship. It can be hard to build a network, but many MBA programmes (including the MBA programme offered by AIB) offer a variety of opportunities to build relationships with fellow students, graduates and facilitators. Everyone brings different knowledge and expertise to a network – so it’s crucial for future executives to get involved wherever possible.
Why do you believe current executives should invest in undertaking an MBA? Is it for the reasons above, or do you have another reason? Please feel free to share your thoughts in the comments below.
Are you a future executive, looking to take the next step with a formal post-graduate qualification? More information about the fast-tracked 12 Month MBA from AIB can be found on our website at www.aib.edu.au.
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.