While an MBA isn’t worth it for every aspiring business professional, according to the Graduate Management Admission Council, it’s “one of the most valuable degrees you can earn,” because it “opens doors that would otherwise remain closed.” The world-famous degree teaches students how to think strategically, hone their communication skills and build a robust network.
While the typical MBA student brings years of professional experience to their program, the degree isn’t a requirement for entry into some programs. Many undergraduate students plan to pursue an MBA right after graduation, while some professionals enroll in a part-time MBA program after working for a few years to build up their resumes and gain eligibility for promotion.
The two-year structure of the average MBA program, which includes an internship between the first and second year, allows for more time to learn and absorb information. Students will be exposed to new concepts and scenarios that are meant to challenge them and push them outside of their comfort zone, which can help improve critical thinking and problem-solving skills. The program will also give them a global perspective on business, as it’s common for MBA graduates to work with people from all over the world in various roles and industries.
Additionally, the case method of learning — where students are presented with a real-world business problem and asked how they’d approach it — can help them better apply their learning in the field. This will allow them to address business challenges in a more holistic way, which is a critical aspect of successful leadership. mba