Showing posts with label business degrees. Show all posts
Showing posts with label business degrees. Show all posts

Thursday 22 January 2015

Earning An MBA Is Not Enough, You Must Learn To Apply Your Skills


Are you planning to pursue an MBA for a better career? But can an MBA degree guarantee success? Let’s have a look....

Nowadays most B-schools and colleges are providing an array of options to students for pursuing business degrees. With growing challenges in the corporate world, earning an MBA has become more important now than ever before. But simply becoming an MBA graduate does not mean that you will climb the success ladder. No matter how much business schools say that an MBA is a guarantee towards a better career, I believe that you will achieve success when you utilise your business knowledge effectively to develop innovative ideas and solutions for your company.

Is An MBA Enough?



In today’s corporate world you will find more individuals who are either pursuing or have already earned an MBA degree. I agree that nowadays being an MBA graduate opens up various new career opportunities which can enable you to achieve your professional goals. Moreover with intense competition in the global job market, having an MBA degree can give you an edge over others and add value to your resume. But I can tell you right now that it is not enough.

Joanna Smith Bers, Managing Director and Talent Officer for DB Marketing Technologies in New York, said “Colleges seem to churn out MBAs like tissue paper. There may have been a time when those three letters actually distinguished job candidates from the pack, but no more. As a senior manager at a business insights management consulting firm, I have found that the MBA is more embellishment than substantive.”

Earn The Skills, Not Just A Degree



Hence you must take the effort to set yourself apart in different ways by not only acquiring business skills and knowledge, but also effectively applying those skills in a business setting. Ahmed Sharawy, an MBA graduate and an aspiring entrepreneur, believes that being able to use your knowledge to develop business plans and strategies is as important as, if not more, than earning an MBA degree. He said “The way schools and people talk about MBA, makes students and candidates believe that graduation is an achievement that entitles degree holders for a better life. But the real achievement is using what we learn to come up with innovative ideas and incubate them long enough to be successful and useful.”

This means that you will need to gain significant work experience in a relevant field either before or while you pursue your MBA degree. Your experience will demonstrate that not only you have the critical skills, but you also know how to use them at the work place to improve your productivity and add value to business.

Going The Smarter Way



But the fact remains that pursuing a full time MBA programme does not leave any space for you to gain work experience by doing even a part-time job. This is perhaps one the biggest challenges of traditional full time business programmes. I guess this is why numerous students from around the globe are now going for online MBA pathway programmes for the excellent flexibility and convenience it offers. As there are no fixed or scheduled classes, you can easily choose to work a full time or part time job and also pursue your online MBA simultaneously. Moreover, you will be able to apply what you learn at the workplace and hone your skills further. This will allow you to develop efficient business plans and strategies for your company by using your MBA knowledge.

Once you have completed your top up MBA programme and acquired adequate work experience, you will have a shot at boosting your employability to a great extent and make you a desirable candidate to prospective employers.

The Bottom Line



So if you think that simply by earning an MBA you can become a hot-shot manager at a Fortune 500 company, then you couldn’t be more wrong. Getting an MBA is certainly not a bad idea, but you need to keep working on yourself to build your career.

Manpower’s Holmes says she doesn’t want to discourage anyone from getting an MBA, but that students should understand there are limits to how much it can help. Dora Vell, an executive recruiter from Waltham, Massachusetts, said “It’s not the degree. It’s what you do with it. An MBA is just noise.” She adds “It doesn’t help me every day, but it made me feel smarter and gave me more confidence.”


What do you think? Feel free to share your views and opinions on MBA and how it can help your career. We would love to hear from you.

Sunday 18 May 2014

Business Studies- An Investment for Your future


Wondering about why you should pursue Business Studies? Then read on...

Want to earn a rewarding salary and achieve professional success? Then a degree/diploma in Business Education is the perfect way to achieve your dreams. Currently there is a high demand for business graduates across the globe. The skills you will learn in business Schools will that help you to succeed in every field.

What are the Different Types of Business Degrees?

With the growth of globalised business and trade, the demand for skilled and trained executives and managers have increased manifold. You need to gain specialised skills and knowledge to get an edge over your competition. 

But Why Should You Study Business?


  • Earn High Salary and Get Loaded...
If you are looking forward to a career that offers an attractive salary with great future prospects, then a business degree/diploma would be an excellent option for you. 

According to the US 2013-14 PayScale College Salary Report, the average starting salary for business graduates is US$43,500 and the average mid-career salary is US$71,000. 

  • Salary for Different Specialisations:

                                                     Average Starting Salary (US$)    Average Mid-Career Salary (US$)

Finance                                                          $49,200                                 $87,100

Accounting                                                     $45,300                                 $74,900

Marketing Management                                 $42,100                                 $80,200

International Business                                    $43,800                                 $83,700

Human Resources                                           $38,000                                 $63,900

Organizational Management                          $41,900                                 $60,300



According to the TopMBA.com Jobs & Salary Trends Report, the average salary for MBA graduates is almost US$109,200 in the US and Canada. In Australia, as an MBA graduate you can expect an average salary of US$117,800.


  • Outstanding Career Prospects...



There is a high demand for business graduates across industries worldwide. 9 out of every 10 business graduates in 2013 were employed within 6 months of completing their graduation.







According to the Graduate Management Admission Council, the employment rate for MBAs -

Year                                       Percentage

Class of 2013                          92

Class of 2012                          90

Class of 2009                          85



  • Explore Wide Range of Job Opportunities...

A business management degree will enable you to explore various job opportunities and work in your preferred industry. You can easily get hired in different managerial positions in various sectors like banking, insurance, media, medicine etc.

  • Prepare to Start Your Own Business...

Business studies can teach you the right skills and provide you the tools that you will need to begin your own business venture. You will learn to manage finance, operations and marketing of your business. 

Having a business degree will also increase your chances of attracting investors and funding.


  • Cash-in on Excellent Networking Opportunities...

Business studies provide you excellent opportunities for expanding your network and connect with various professors and professionals. This opens up new avenues for business partnerships and connections.

Established businesses claim that 47% of their business is generated through effective networking.


  • Expand Your Business Skills...

Having formal business training will improve your abilities so that you can manage operations, create business plans, control costs, analyze data and make effective strategic decisions for future growth.


  • Learn to Manage People Effectively...

A business management degree/diploma will enable you to supervise and manage your staff and employees efficiently. You will learn how to motivate them and deal with employee grievances efficiently.


  • Great Scope for Your Personal Development...

Business education also helps you in your personal growth and development. You will be able to -
  • Exercise Leadership in Communities
  • Improve Your Analytical and Creative Thinking
  • Improve Oral and Written Communication Skills
  • Develop Interpersonal Communication Skills
  • Analyse Problems and Find Solutions
  • Make Better Decisions
  • Identify and Deal with Ethical Issues
  • Easily Adapt To Ambiguity, Complexity and Uncertainty 




  • Strengthen Your Future with Further Education...

After you business studies, you can opt for further education in different disciplines like Finance, Marketing, Human Resources, International Business and Computing/ICT. If you are an undergrad, then you can opt to study MBA to improve your expertise in specific business areas.

Some professional qualifications you may pursue-


  • Chartered Institute of Management Accountants (CIMA)  
  • Association of Chartered Certified Accountants (ACCA)   
  • Chartered Institute of Personnel and Development (CIPD)  
  • Chartered Institute of Marketing (CIM)  
  • Chartered Management Institute (CMI)  
  • Common Professional Examination (CPE) 
  • Graduate Diploma in Law (GDL) 


  • So...What Can You Do as a Business Graduate?

Around 75% of all business graduates get employed within 6 months of graduating. 

Almost a 5th among them are employed as finance, HR and business professionals in fields like insurance, human resources, banking, business consultancy, chartered accountancy, tax, marketing etc.

Over 12% of business graduates opt for higher studies or balance work and education at the same time.


  • Destinations for Business Graduates-

                                                                Percentage

Employed                                                   73.4

Further study                                              6.6

Working and studying                                5.1

Unemployed                                              10

Other                                                         4.8




Still Wondering about Why You Should Pursue Business Studies? Don’t! 


With your business degree, you will develop comprehensive knowledge of business management and operations and acquire essential skills for your targeted field.

You will get the opportunity to explore different fields in a global context and gain various valuable transferable skills during the process.