Tuesday, January 4, 2011

Why get an MBA? What are the benefits of an MBA?

From the link:


The transferable skills derived from study for an MBA include the following:
* Academic achievement: demonstrates application and high standards of performance;
  • * Communication skills: listening, speaking carefully and clearly, the ability to put across your arguments fluently in writing;
  • * Analysis: distinguishing relevant from irrelevant information, identifying issues and problems;
  • * Commitment: seriousness of purpose, demonstrated both by taking time out from your career on a reduced salary (or no salary) in order to improve your qualifications and by combining work and part-time study;
  • * Practicality: realism, ability to set attainable goals;
  • * Maturity: tenacity, independence, organization;
  • * Decisiveness: fact-finding skills, clarity, judgment, courage;
  • * Intellectual creativity: the ability to develop new concepts and ideas;
  • * Capacity for hard work: embodying self-motivation, self-discipline and time management;
  • * Group skills: teamwork, leadership, ability to motivate others;
  • * The mastery of IT skills: knowledge of statistical packages, spreadsheets, databases and programming languages;
  • * Cross-cultural awareness: working with fellow-students from many different nationalities and backgrounds.
  • In addition to the skills outlined above you are likely to have developed the following skills to a high level through an MBA and through previous employment:
  • * The ability to overcome difficulties and to solve problems;
  • * To be independent and to have developed the skill of managing your own time and work;
  • * To be capable of original and creative thought;
  • * To argue your case with logic and not to be easily dissuaded by the views of others.

Having an MBA not only gives you more leverage in dictating new job titles and salary, but also gives you leverage in achieving a better balance between work (read: fewer hours working) and life outside work.


  • To become a manager or a better existing manager.
  • Earn a better salary.
  • To develop better critical thinking skills.
  • To sharpen strategy and tactical skills.
  • To develop appropriate leadership skills.
  • To broaden ones scope.
  • To learn and develop strategic thinking.
  • To analyse organizational methods and procedures.
  • To enrich ones life.
  • To take on more responsibilities
  • To expand ones network
  • To step to a higher level within a career
  • To learn approaches to solve real life problems.
  • To increase motivation.
  • To increase performance.
  • To learn to use power appropriately
  • To learn the art of influencing people
  • To become more marketable
  • To learn negotiation dynamics
  • To learn the methods for building energized teams.
  • Develop managerial competence.
  • To develop a global mindset.
  • For personal development.
  • To enhance interpersonal skills.
  • To learn the importance of cultural sensitivity.
  • To learn the risk management skills.
  • To lead change.
  • To learn the importance of social responsibility.
  • To develop strategic planning skills.

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