Is now the right time to pursue an MBA? – Absolutely yes!

Making up your mind to study for a Master in Business Administration (MBA) can be a challenging and overwhelming task for aspiring managers and entrepreneurs. Is it worth pursuing this program? Will the qualification lead to a better career position? Will I be able to recover the fee spent for the program? All in all, should I go for it? 

If you are aiming to become the CEO of a successful corporation or a top business leader – we sure think this qualification will only up your game. This blog will explore the benefits of pursuing an MBA program in UAE along with career prospects and expected pay scheme to guide you through the right direction. 

The latest research suggests that 9 out of 10 recruiters claim that MBA professionals are more job-ready and qualified to take on a challenging job compared to other professionals. The report further emphasizes how hirers regard problem-solving and team management as essential qualities which are both enhanced and up-skilled in programs like the MBA. There are numerous advantages associated with completing an MBA degree. Some of the top reasons along with career prospects are given below – 

Flexible management and advanced skill-set

The overall MBA program is designed and structured in a way that develops the necessary skills required to run a successful company. Although the curriculum of every MBA program varies, there are some set competencies you will develop throughout the program. Some of them include –

•         Skills to ideate, develop and sell a service/product/story
•         A major improvement in management and leadership skills
•         Networking abilities
•         Make sure to keep the corporation finances stable
•         Develop instinct to be a natural problem solver
•         Research, interpret and analyze reports through industry data
•         Creation of hierarchies that will be the company in order
•         A natural flair for hiring top talents

Apart from the above benefits, studying an MBA program gets you out of your comfort zone and lets you learn and explore international business trends with the aid to technologically-advanced tools and techniques. If you are looking out for a change in the business environment, an MBA is a way to go. On the flip side, if you are looking to change your career pathway but are second-guessing on your abilities, an MBA will nurture your skills and help become an adaptive executive.

One MBA – Many Professions

Over the years, the need for MBA graduates has tremendously risen which has led to an increase in demand for these graduates at MNCs and established organizations. Some of the sought-after professions MBA graduates can venture into include – 

Marketing Manager – With every business selling a product or a service, there is a huge demand for marketing managers. Irrespective of the type and size of the industry, marketing managers holding an MBA degree typically are rewarded with a six-figure salary package. Marketing managers are essentially business executives who look after the multiple marketing campaigns and develop strategies that will directly reflect on the annual sales. They are also responsible to increase demand of the product/service in the market with viable business ideas and settling an appropriate pricing scheme. 

Medical and Health Service Manager – In the current times, there has been a drastic increase in the medical and pharmaceutical industry. In line with this, medical and healthcare managers are in great demand. The job typically revolves around maximizing quality and minimizing the cost of the product. They are often expected to adhere to many regulations and maintain an exceptional record. Additionally, the Bureau of Labour Statistics claims that employment in the healthcare industry is going to witness a sharp rise of at least 18% in the next 8 years. 

Financial Manager – A business is unsuccessful without the constant guidance and support of talented financial managers. Their role is to take complete control and accountability of the company’s budgets and take decisions on financial investments. They are one of the few professionals who are exceptionally well-compensated and seldom unemployed. With an MBA qualification, financial managers can build a strong career in any industry. 

Business Operations Manager – With many organizations having complex manufacturing systems, a business operations manager makes sure that all the components of business run smoothly with minimal hiderances and complications. This is another profession that rarely witnesses any unemployment. Research claims that the unemployment rate for this post is less than 2%. An MBA degree is a great asset for such professions as many disciplinary forms of the program revolve hugely around business.

Expected Salary

Another benefit of an MBA program is job growth, security and most importantly – higher salary package. The average income of an MBA graduate is much higher than employees with a regular Master’s degree. In fact, you can expect twice the amount! According to the QS Jobs & Salary Report, some of the salaries for MBA graduates, country-wise are listed below –

•         US – 102,100 USD/year
•         Canada – 99,800 USD/year
•         Australia – 98,400 USD/year
•         Singapore – 82,700 USD/year
•         UK – 92,400 USD/year
•         Switzerland – 123,500 USD/year
•         Germany – 77,200 USD/year
•         France – 98,500 USD/year
•         Italy – 86,400 USD/year

Wake the entrepreneur in you with an MBA degree

Recent studies show that many students choose to enrol for an MBA because they want to take the entrepreneurial route and learn how to launch a start-up and grow their business. According to research conducted by GMAC, more than 85% of B-school alumni have become successful entrepreneurs in which 36% established themselves as consultants while the rest in a product or a service-based industry. The reason why students continue to choose MBA while starting a new venture is because of the real-time experience students gather along with the important pitfalls they must avoid to make sure the company thrives and succeeds. With an MBA degree, you will develop a natural flair in communication and negotiating deals with investors and suppliers.

At Capital College, we offer the world’s 59th ranked International MBA program in exclusive partnership with Europe’s finest business school – Rome Business School. Students enrolling for this program are eligible to gain a dual qualification, an MBA degree from Rome Business School and a similar qualification from Valencia International University (VIU). We also offer MBA programs in exclusive partnership with North Wales Business School Glyndwr University, ranked first for social inclusivity. You can also enrol for an American MBA program at Capital College through our exclusive partnership with Westcliff University based in California.

We strongly believe that an MBA degree is a stepping stone to an entrepreneur’s journey and all aspiring business leaders. For more information on MBA programs in the UAE contact us at 9716-5599489 or drop us an email at study@capitalcollege.ae.