5 Reasons to Study for an MBA

Going to university and studying for a degree can be a life-changing experience that increases your knowledge, builds your confidence and makes you more employable. However, after leaving university some graduates have a desire to learn more about their degree subject and others feel inspired to pursue a different topic altogether.\r\n\r\nFor those who feel their education is far from complete, studying for a postgraduate qualification could be the answer. If you’re passionate about business, an MBA could the path for you. Let’s take a look at just a few reasons to study for an MBA:\r\n\r\n

1. Enhance your knowledge of the business world

\r\n\r\nBy studying an MBA programme you can learn all about how the business world operates and how entrepreneurs can take an idea from its very early stages right through to it becoming a business. \r\n\r\nMBA courses aren’t just designed for those looking to set up a business themselves, they’re also ideal for people who want to be involved in the planning or management of an existing company.\r\n\r\n

2. Change your career path

\r\n\r\nWhether you have an undergraduate degree in a creative subject or you’ve achieved an MSc, studying for an MBA can help you to pursue a new career path entirely. It will also allow you to prepare for your future career before you take a job.\r\n\r\nWhile studying for your MBA you may find interning or volunteering opportunities that allow you to experience the world of work as well as progress your education. With many employers favouring workers who have hands-on experience of the working world over those who have spent years in the library, this could give you a competitive advantage. \r\n\r\n

3. Gain the tools you need to pursue your business idea

\r\n\r\nIf you already have a solid business idea and you’d like to work for yourself rather than another company, an MBA could give you the tools and knowledge you need to make your dreams a reality. You’ll be taught business management, planning and even financial handling. \r\n\r\n

4. Build valuable connections

\r\n\r\nYou’ve probably heard the phrase ‘it’s not what you know, but who you know’ many times before and this is quite often the case. During your time studying for an MA, you’ll meet so many new people from fellow students to experienced entrepreneurs and business experts. \r\n\r\nEntrepreneurs often visit business schools and give guest lectures. Make sure you attend as many of these talks as possible. Not only will you gain an insight into how businesses are created and run, you’ll also get the chance to speak to these experts yourself. If you can make a good impression, you may build a connection that could help you in the future. \r\n\r\n

5. Increase your salary potential

\r\n\r\nIn most cases, those who study for an MBA tend to earn a higher salary after graduation than those with an ordinary bachelors degree. However, if you’re concerned about the cost of further study, it could be worth looking at courses abroad. By broadening your MBA course search, you can often find more affordable options in fantastic universities.\r\n\r\nWith some of the world’s top MBA universities based in Australia, Ireland and New Zealand, let’s take a look at some of the financial reasons to study in these locations:\r\n\r\n

Australia

\r\nStudents who study for an MBA in Australia can expect to earn AUD$120,229 on average within a year of graduation. Fees can range from AUD$22,040 to AUD$95,000 across the 38 educational institutions in Australia.\r\n\r\n

Ireland

\r\nIf you study an MBA in Ireland you could see your annual pay increase by 50-60% on average within a year of completing the course. When you combine the potential for a good salary with reasonable fees in Irish business schools, studying for an MBA in Ireland can be an attractive pursuit. \r\n\r\n

New Zealand

\r\nA year after graduation, those that studied for an MBA in New Zealand can often earn NZ$82,000 on average. With fees ranging from NZ$18,000 to NZ$39,000 depending on course duration and location, this can be a great destination for those looking to boost employability and learn more about the world of business.\r\n\r\nStudying an MBA is great for your personal and professional development, particularly if you study for an MBA abroad. You’ll not only develop your business knowledge, you’ll also get to experience another culture and practise your language skills surrounded by native speakers. For more information about studying in a foreign country, get in touch with the team at IEC Abroad.