The MBA (Master of Business Administration) guarantees its graduates a bright professional future. This prestigious 5-year degree is an actual career gas pedal. But in concrete terms, what are the advantages of an MBA? Why choose a part-time MBA to boost your career? Does the MBA allow you to progress professionally abroad? Here are our answers in 7 points.
1. Doing an MBA to boost your career
Why do an MBA? To give a new boost to your career! This is the primary motivation for participants to do an MBA. In addition, many of them mention the desire to change sectors of activity, move towards positions previously inaccessible due to a lack of skills, and reach positions of responsibility.
The MBA allows for all of these developments, as it opens the doors to certain large groups or highly reputable companies and gives the possibility of leading strategic projects. It is, by definition, THE degree for future executives.
2. Taking an MBA to increase your salary
Getting a salary increase is usually the first direct benefit after an MBA. While an entry-level MBA graduate earns on average between €32,000 and €38,000 gross per year, excluding bonuses, an experienced MBA graduate can expect to earn between €42,000 and €60,000 gross per year.
Upon completion of the MBA program, the salary increase ranges from 20% to 30%. Five years after graduation, this same rate increases to 50%.
However, this is average. The salaries of MBA graduates must be put into perspective because they depend on several criteria. For more information, see our article “How much can you expect to earn with an MBA?
3. An MBA to strengthen your managerial skills
An MBA for a practicing executive is the assurance of acquiring new skills and gaining responsibilities. The Part Time MBA is the most suitable MBA for executives and consultants who wish to give a new impulse to their career.
The MBA allows future executives to strengthen their managerial skills through its various disciplines, workshops, conferences and coaching sessions. The MBA courses are almost systematically based on practical business cases, such as leading teams, conducting meetings or managing conflicts.
4. Acquire a 360° vision of the company thanks to the MBA
A generalist degree in business management, the MBA gives candidates who already have a specialization the advantage of acquiring a double skill set in business management, especially for the most technical profiles (engineers, computer scientists, doctors, etc.).
Comprehensive and concrete, the MBA training program allows future managers to acquire a transversal vision of the company’s functions (marketing, human resources, logistics, finance, accounting, etc.). This is an undeniable asset for understanding and managing a company in its entirety.
5. Get an MBA to obtain an internationally recognized degree
If an MBA allows you to obtain an internationally recognized degree, it obviously allows you to pursue an international professional career.
Indeed, most MBA courses, in France as well as abroad, are taught entirely in English, such as those of KEDGE Business School’s Global Executive MBA.
The cultural and linguistic mix of students, faculty and professionals, as well as the obligation to attend internships and seminars abroad during the program, reinforce the multicultural and international dimension of the MBA.
6. Develop your professional network thanks to the MBA
Classmates, professors, guest lecturers, alumni, etc., the MBA program allows you to quickly develop your professional contacts.
In addition, seminars, international exchanges, and events (e.g., gala evenings) offer MBA candidates the opportunity to multiply their contacts and meet other students, decision-makers, managers, and business leaders, who could be potential recruiters or clients.
The professional network of the MBA is in itself a precious sesame for all future graduates in search of an internship or a future job. Once graduated, this network remains a privilege that should be maintained throughout one’s career.
7. Doing an MBA to improve your personal development
Insofar as a manager must, by definition, carry out orders, their leadership skills and communication abilities directly condition their success. Know-how is no longer enough; interpersonal skills must accompany it.
This is why many MBAs include the development of soft skills, such as personal development, in their training program. For example, KEDGE BS’s Global Executive MBA makes a point of developing soft skills and offers personalized coaching sessions to each candidate.
Personal development courses and seminars allow MBA participants to discover their interpersonal and relational skills. Learning how to manage employees while being sensitive to their expectations and constraints is essential for a future MBA graduate. Empathy, ethics, work ethic, and soft skills make a difference in the hiring process for many recruiters.