The standard benefits of an MBA that everyone knows about is that there are just so many more takers for your resume the moment it has an MBA degree to boast of! And then there are the other benefits too.
There's the question of the pay packet. With an MBA, your employers are more likely to take you a little more seriously. That means a considerable fattening of the salary and more chances to get promoted. The pay rise, they say, can go as high up as 56% more than what you were earning before you got that golden degree. And with a few years of experience after graduation, your boss is obliged to pay you more to keep you on the workforce.
Another thing that an MBA offers you is knowledge that it would take years to gather during actual office work. This puts you in a position of power when it comes to time giving you better chances of being promoted. There's also the question of wanting to consider a switch in careers. An MBA keeps your options open. It makes sure that you build enough of a network during your learning process to not have to feel too stuck to your present job. The MBA allows you more of a success rate if that career change leads you right to the "start my own business" dream! Studies have shown that there's 50% less chance of failure in small entrepreneurs' businesses when they have the backing of an MBA. Why? Because it's at a B-school that you learn about achievable business plans and about acquiring venture capital. There's nothing like tried and tested knowledge.
Then there is the need of employers the world over to make sure that their managerial staff is as good as it gets! This means that if your employers think you're worth it, then you may just get a degree sponsored for you with all tuition fees payed! So you see, nothing comes from nothing and that means there must be something good!
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