Advertising
Advertising

5 Reasons Getting an MBA is Totally Worth it

5 Reasons Getting an MBA is Totally Worth it

In America, an undergraduate education is starting to be valued differently than it was in the past. With a college education becoming the norm, more emphasis has been placed on pursuing graduate or professional-level degrees, and for good reason, too. Only a very small percentage of the world’s people have a professional degree, and one such degree that has grown consistently in popularity is the MBA. People in many fields, from law to medicine to non-profit administration and beyond have begun to see possession of an MBA as a hugely desirable trait. In this article, we will show you 5 ways through which an MBA will make a difference in your life.

1. An MBA teaches you how to run any organization

MBA stands for Master’s of Business Administration, and, with every field becoming more focused on the financial outcomes for the organization, the skills an MBA develops are ones you can use anywhere. No organization, whether public, private, non-profit, financially-based, works without an accounting department or at least a fledgling marketing operation. An MBA shows you how to do these things in theory and gives examples of how they run when performing optimally. These skills are an asset to any employer.

Advertising

2. MBA degrees are consistently listed among the most highly-valued professional degrees

Conduct a quick search and you will find that MBA degrees are in high demand. With average salaries consistently approaching or surpassing six figures, those pursuing or in possession of an MBA degree are in high demand. They are often promoted more quickly than their counterparts, and they succeed because of their well-rounded set of abilities. In fact, in many rankings, all variations of MBA’s– from focuses in computer science to marketing to finance– register large salaries regardless of interest area.

Advertising

3. MBA degrees round out the knowledge of an undergraduate education with invaluable practical ability

The career path you want to go on may require a strong knowledge of one particular skill set. Maybe you majored in journalism to become a newspaperman, or you majored (as I did) in political science and have since moved onto non-profits. Further, maybe you are involved in the medical profession, and have a large amount of knowledge in sciences. An MBA degree will teach you how to implement and operationalize that knowledge in your practical work setting. How does your hospital’s patient intake affect your budget bottom line? How many grants does your charity need to earn to fund an initiative to end homelessness? How should your news organization implement a new business model to take advantage of its digital subscribers? All these answers lie in an MBA degree.

Advertising

4. MBA degrees grant you skills for every day life

The basics of an MBA degree will prove invaluable in your daily life. Accounting will do wonders for controlling your daily spending, and marketing classes, when you are presenting yourself to others, help you think of yourself as a commodity that needs to appeal to a certain subset of consumers. Finance classes will make you wonder how you haven’t been investing a portion of your income. An MBA degree will influence your life in many ways, not the least of which is on your personal success.

5. An MBA degree will get you to the level of your career in which you are most comfortable

Listen, leading a company may come with a ton of pressure, but, ever since you decided to go to college, you have clearly desired to be some sort of leader. An MBA degree is exactly that– a degree in how to bring together many resources, people, and goals to produce a vision that only you can see. It is truly invaluable.

Featured photo credit: Anuncios en Faceboo/Trianons Oficial via flickr.com

Advertising

More by this author

25 All-Time Best Inspirational Sports Quotes To Get You Going 10 Signs You Are Probably An Ambivert 4 Ways Extreme Races Change Your View 4 Ways Baseball is the Perfect Metaphor for Life 5 Reasons Why You Should Have Total Strangers as Roommates

Trending in Work

1 13 Characteristics of Highly Successful Entrepreneurs 2 5 Types of Horrible Bosses and How to Beat Them All 3 10 Simple Habits Every Effective Manager Needs to Learn 4 10 Ways To Help Your Employees Have A Healthy Work-Life Balance 5 Top 10 Workplace Safety Tips Every Employee Should Know

Read Next

Advertising
Advertising
Advertising

Last Updated on March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

Advertising

“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

Advertising

The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

Advertising

You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

Advertising

Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

Read Next