There can be valid arguments on both sides that students in your position should carefully consider. Pursuing higher education is a deeply personal journey that often requires determination to make the best next step.
It is a decision that deserves careful consideration from multiple angles. While an MBA represents a significant investment of time and money, the potential rewards of this versatile, applied degree should be recognised and appreciated.
Let’s explore the reasons and consequences of pursuing an MBA after a master’s in this blog.
Exploring MBA after Masters
One of the most compelling reasons to consider an MBA after completing your masters is the potential for a dual degree. This combination can significantly enhance your qualifications and marketability.
Upon completing an intensive postgraduate degree, recent graduates frequently grapple with whether advancing their qualifications further through a master of business administration is genuinely worthwhile.
While an MBA represents a significant investment of time and financial resources for the motivated individual, it also presents life-changing opportunities for personal growth, career advancement, and leadership development.
What are the best MBA courses?
Some of the best MBA specialisations include marketing, finance, human resources, operations and business analytics. Let’s see the best 3 MBA course specialisations in detail.
- MBA in Marketing: This program develops skills in brand management, digital marketing, sales & distribution, marketing research, etc.
- MBA in Finance: Students gain expertise in financial management, investment banking, financial markets, risk management, etc.
- MBA in Human Resources: The course covers HR strategies, talent acquisition, performance management, compensation & benefits, and more.
Is it worth pursuing an MBA after a Masters?
The answer would be “yes”. Even if your previous master’s degree covered some management topics, an MBA focuses on core areas like finance, operations, strategy, marketing and leadership. This education can help you qualify for more senior roles earlier in your career.
An MBA provides networking opportunities that are extremely valuable for career progression. You’ll learn alongside like-minded individuals and have access to alum networks of top companies. Your connections could open doors for new job opportunities or potential partnerships for your ventures.
From a financial perspective, returning on an MBA investment is very achievable. Starting salaries for MBA graduates are significantly higher than those of non-MBA master’s holders. You can easily surpass the program’s total cost with just a few years of work experience applying your new skills.
This accelerated career trajectory means higher lifetime earnings potential as well.
Another key benefit is the chance for career pivots. An MBA is a flexible degree that allows for transitions between functions, industries or even your business.
This appeals to those interested in exploring new areas but needs more business qualifications. The cross-functional training of an MBA after a master’s sets you up nicely to shift directions later on.
| Did you know? Full-time MBAs usually take two years to complete. Many business schools now offer flexible 1-year accelerated MBA programs. This compressed course duration appeals to working professionals without having to spend an additional two years in full-time study. |
Benefits of doing MBA after Masters
Here are some key benefits of pursuing an MBA after a master’s degree:
#1 Deeper Business Knowledge and Practical Skills
An MBA provides more in-depth exposure to core management functions like finance, marketing, operations, etc., through specialised courses. This supplements the theoretical knowledge gained in a general master’s program.
#2 Advanced Career Opportunities
An MBA opens the door to mid-to-senior level roles like department head, business unit leader, etc., that may have been out of reach earlier. It demonstrates higher business acumen to employers.
#3 Higher Salaries
Starting salaries for MBA graduates are significantly higher than those of non-MBA master’s holders. Within just a few years of work experience, an MBA can easily surpass the total cost through higher lifetime earnings.
#4 Networking and Industry Connections
Top MBA programs offer excellent networking with faculty, peers and alumni. This helps build strong professional connections within desired industries or companies that can lead to referrals, partnerships and new opportunities down the line.
#5 Flexibility for Career Pivots
An MBA allows for transitions between functions, industries, or even launching your own business. This is useful for those interested in exploring new areas without having business qualifications.
#6 Leadership and Management Training
MBA curricula focus on developing core skills like strategic thinking, communication, team-building, etc. Through group projects, case studies and simulations. This prepares one for senior management roles.
#7 Global Exposure
Many programs include study tours and provide global perspectives vital to today’s interconnected business world. Cultural intelligence is an asset.
#8 Entrepreneurial Skills
For those inclined towards startups, an MBA nurtures skills like opportunity recognition, financial management, marketing strategy, etc, to launch and scale new ventures. Business incubators and accelerators on campus offer support.
#9 Lifelong Learning
The MBA network and alumni resources continue to provide value for career progression, switching industries or starting anew even after decades. Management education stays relevant throughout a professional’s career.
An MBA offers multi-faceted and long-lasting returns by complementing prior education with immersive business training, leadership development and industry connections for ambitious professionals looking to accelerate their careers.
| Did you know? Over 70% of MBA graduates reported that their salary increased by at least 50% within 3 years of completing their program. The salary growth was even higher for those with an MBA after attaining a master’s degree. |
Pursue Master of Business Administration with Takshashila
Are you looking to advance your career and take the next step in management? Takshashila University’s MBA program provides a world-class educational experience that will give you the skills and knowledge needed to succeed in today’s competitive business world.
As one of the top universities in Chennai, Takshashila offers an MBA with a focus on strategic management, leadership, and practical business applications. Students gain expertise across core management functions like finance, marketing, operations, and human resources through a combination of theoretical learning and real-world projects.
Our placement team enables students to secure internships at top firms during the course and full-time jobs upon graduation. Over 90% of graduates find placements within three months. With state-of-the-art facilities, a vibrant student community, and an affordable tuition structure, Takshashila provides excellent value.
Empower Your Career Opportunities with An MBA After Masters
When it comes to education and career opportunities, pursuing an MBA after your Master’s degree can be a game-changer. It equips you with the skills, knowledge, and network needed to excel in a competitive job market.
So, if you’re a postgraduate student with dreams of achieving greatness in your career, remember that the path to success often includes multiple degrees. An MBA can be the catalyst that propels you toward your goals and sets you on the path to a bright and fulfilling future.
Frequently Asked Questions (FAQs)
1. Why choose an MBA after post-graduation?
You can choose to pursue an MBA after a master’s in order to build your career in management. You can use your MBA to receive promotions in your career with respect to your values and skills, which you must have built during your MBA.
2. Where to do an MBA after a master’s?
If you are looking to pursue your MBA after your master’s, then Takshashila University is your best choice. Takshasila University provides a world-class educational & business experience to help you succeed in today’s competitive business world.
3. Can I do an MBA after my master’s?
Yes, you can pursue an MBA after a master’s. You can pursue it full-time with a 2-year course program, or you can pursue it part-time with a 1-year program.
4. Is an MBA after a master’s worth it?
Yes, it is worth pursuing an MBA after your master’s. It can help you build your management skills and provide you with good business exposure. You can also advance your career with better opportunities.
5. What are the benefits of an MBA after a master’s?
The following are the 5 significant benefits of pursuing an MBA after master’s
– Easy networking and industry connections
– Leadership and management traits
– Global Exposure
– Entrepreneurial skills
– Business knowledge
