What is an MBA?
MBA stands for Master of Business Administration. It is a prestigious one year postgraduate degree that offers an overview of key business practices. It is greatly valued by employers as a qualification, as it educates managers in essential business skills, strategy and analysis. With an MBA on your CV, you can command a higher salary, improve your professional reputation and expand your business network.
MBAs are often taken by people who have already started their careers and want to rise to the next level in their organisation. Due to its comprehensive curriculum, it is ideal for anyone who is ambitious, determined to succeed and who wishes to join the ranks of upper management.
What would I study?
A general MBA will help you to develop multidisciplinary and international perspectives as well as giving you the chance to learn about the concepts of the major management issues. It will equip you with a toolkit full of techniques for analysing business and management issues. This includes the ability to analyse, synthesise and apply knowledge and understanding to solve management problems critically, rationally and rigorously.
Managers need to be able to make both intelligent and final decisions, backed up by knowledge of contemporary management and information systems – another skill covered by an MBA. You will also be taught how to assert yourself, be an effective, innovative leader and take the initiative with your personal development. Last, and by no means least, managing people requires interpersonal skills and the ability to inspire and control a group – and an MBA teaches you to do just that.
How will it help my career?
- An MBA can help you to earn a promotion, a pay rise or even a move to another desired sector. There are no guarantees of course, but The Financial Times reported that MBA graduates gained salary increases of between 44% and 182% after completing the course.
- International opportunities. An MBA is world-renowned qualification which makes it ideal for anyone who wants to work abroad. It is respected globally and UK business schools are particularly well regarded, so studying here is an added bonus.
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