If you are here, reading this article, the chances are you are already aware, and mildly impressed with the notion of studying for an MBA qualification. But for those not in the know who have accidentally landed here, an MBA Qualification (Masters in Business Administration) is quite a big deal, in every sense; from the prestige, the opportunities and the anticipated high salary through to the course fees as well as the effort and time that you need to invest. If you are interested in finding out questions such as ‘why is an MBA necessary?’ or ‘will an MBA get me a job?’ you are in the right place.
Because the payoff is as big as the commitment required for an MBA qualification, it’s well worth considering whether an MBA is for you before you take the plunge and find out feet first what the big deal is. It’s easy to get caught up in the bright lights and the dazzling metaphoric smile that an MBA promises (and in many cases delivers) but is it essential for you, in your field? What do you learn in an MBA? How do you choose the right MBA course? Will an MBA get you a better job? These are all questions that should be high on your list when considering if you should do an MBA.
An MBA is a highly regarded qualification focussed on developing the core skills you need to succeed in business and management. Subjects will vary from course to course however the content will generally cover how to lead, manage and develop individuals and a business. You can tailor courses to suit your needs and industry by selecting specialist elective modules for fields such as HR, entrepreneurship, marketing, senior management, IT, finance and more.
Remember, you only get out what you put in! Yes an MBA is a challenging qualification, however, upon successful completion, it’ll definitely be the cherry on top of your sundae. On average an MBA takes anywhere from 18 months to 6 years to complete (depending if you’re studying part-time or going full-throttle with full-time study) and considering many students and working professionals in their field, you’ll need to work out how an MBA course could be weaved into your personal and professional life. Many MBAs in Australia require applicants to have an undergraduate degree, if you do not hold an undergraduate qualification you’ll need several years of relevant professional experience in your field in order to gain entry to the MBA course.
An MBA qualification is also expensive to the tune of around $50,000 (on average), but don’t head for the close button just yet, the investment show signs of paying off – particularly in industries where an MBA is most in demand. Industries with high demand for MBA graduates include Finance, Accounting, Management, Healthcare Administration, Marketing, Human Resources and Engineering, although the leadership, management and business skills taught throughout the course can be valuable to any field. An MBA qualification will give you more responsibility in your job, help you to earn a greater income and overall build you up for a better future for yourself.
All in all, an MBA will provide you with the kind of specialised training to put you at the top of your game and equip you with a highly desirable skill set to lead in your current employment or prospective business opportunities.