Every year, millions of youngsters enrol for the highly demanded degree, Master of Business Administration (MBA). In India, admission to management colleges like the Indian Institute of Management (IIM) is based on Common Admission Test (CAT) scores. It is one of the most competitive courses globally and is offered in various streams. From technology to healthcare, one can choose this course based on a specific area of interest. MBA courses are now being tailored to students’ needs.
After the two-year MBA course, finding a job with a salary package in lakhs is believed to be easier. Most companies prefer MBA graduates for senior positions. Graduating from a top management college can get one a job with a salary of up to Rs 20 lakh. If one aims to work for a Multi-National Company (MNC) or abroad, an MBA is the best option. So, note down these benefits of pursuing an MBA degree.
Career Growth
Generally, an MBA degree will help one reach higher positions, especially in the management sector.
Leadership Skills
The MBA course focuses on important qualities like leadership, strategic thinking, and problem-solving skills which one will need in their professional lives.
Networking Benefits
It will benefit one if they are in touch with their batchmates, alumni or even management experts since they can help with references or further help one succeed in their profession.
Expertise
MBA degree offers one specialisation in areas like finance, marketing, or HR.
MBA Salary
In India, the average annual salary for MBA graduates ranges from Rs 8 lakh to Rs 20 lakh.
Entrepreneurship
Having an MBA helps in starting one’s venture or business.
Global Value
An MBA degree from an Indian college is recognised worldwide. It would help if one enrols at a top management college or university to get a better job opportunity abroad.
Placement Opportunities
Studying MBA from a prestigious institute can help one secure a job at top companies as they conduct placement drives in business schools and colleges.
Government Jobs
If you want to get a government job, having an MBA degree can help you secure a place in railways, banks, and public sector undertakings as well.
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