What are the pros and cons of doing an MBA degree?
The MBA degree is
one of the most popular and sought-after degrees in the world. It is usually a
two-year postgraduate course. There are many upsides and advantages to doing an
MBA degree, but there are a few cons you should consider too.
Symbiosis Institute
for Business Management Hyderabad is one of the best colleges for MBA
in Hyderabad.
Advantages of doing MBA
1. Career progression
The main reason why
many people opt for an MBA degree is because of career progression
opportunities. Usually, the high-paying managerial and executive roles in
companies are reserved for MBA graduates. Employees without an MBA degree
sometimes face a “glass ceiling” where their career is not allowed to progress
beyond a certain point due to the lack of a Master’s degree such as an MBA.
2. Opportunity to change careers
A lot of students
opt for an MBA degree as it will allow them to switch careers. Having an MBA
degree in a specific field will allow them to switch to that particular field,
where there are more opportunities or just because of general interest or
proclivity for the field.
3. Competitive Edge
Having an MBA degree
will immediately make you a more attractive prospect to employers over those
who lack this degree. Your managerial skills, time management skills, expertise,
etc will also improve tremendously and will make you a better business
professional. You will get the chance to meet a lot of career-driven and
ambitious people during your time in college, and that will also influence your
own ambition and goals.
You will form
professional relationships with a lot of business professionals that could
benefit you in the future. You could also develop the skills required to start
and run your own business. MBA education is of tremendous value and could be
the fuel that could ultimately kickstart or revive your career.
Disadvantages of doing an MBA
There are not many
disadvantages as such when it comes to doing an MBA degree. However, there is
one factor that needs to be considered. The cost of most MBA programs is extremely
high. In India, the cost could reach up to 20-40 lakhs. This is a serious
financial commitment, and you need to make sure that you are committed to the
goal. You need to be certain whether or not it is the right time to obtain the
degree as there is no age limit when it comes to an MBA degree. You can even
wait till you are over the age of 30 to get it.
It is a two-year
commitment, and this could mean putting your career aside for two years. If you
are studying full-time for two years, this could mean you losing out on two
years worth of your salary, which is a serious risk. There is no guarantee that
an MBA degree will pay off. That heavily depends on your own ambitions and
ability to work hard.
However, as
mentioned above, an MBA degree is one of the most sought-after degrees in the
work. If it is obtained from a reputed university, it will surely improve your
career. SIBM Hyderabad is the best B School in Hyderabad and
offers an excellent MBA program.
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