Think Big Dream Bigger
Dreams and Dreaming
Life and Living
Philosophy of Everyday Life
Getting an MBA (Master of Business Administration) takes a lot of time, money, and effort. So it’s important to really think about whether or not it is worth your while to pursue one.
An MBA (Master of Business Administration) is a graduate degree focused on building leadership skills and learning business principles. But for the majority of students, MBAs offer much more than that: a stronger professional network, access to job opportunities, and a bigger pay check. Some of these benefits manifest sooner than others. Those accepted into highly ranked programs gain almost immediate access to seasoned staff who can help them make connections, and they can expect a significant pay bump upon graduation. The average salary for graduates from top schools is typically in the six figures.
But sometimes, the full impact of an MBA can take a few years to come to fruition, and if you’re in it for the wrong reasons, you might not achieve the outcomes you want. Given the amount of time, money, and effort that an MBA really requires, it’s important to think about where you fit into this equation before deciding whether or not it is worth your while to pursue one.
To future-ready your career. In my daily conversations with MBA alumni and executives, I hear about the importance of “future-ready skills.” But what does this really mean? It means that more and more companies are looking to come out of the pandemic stronger than they were before by pivoting and adjusting their business models. Hiring the right talent with the right skills is an important piece of that. You should have the same mind-set. Ask yourself: “How can I expand my skillset and capabilities to be the best candidate for these roles?”
The skills many organizations are looking for range from empathy and team management to understanding how to look ahead, set strategic goals, and influence stakeholders from diverse backgrounds. Students looking to develop skills around influence often have unique opportunities to do so during the MBA experience.
To explore new industries or functions. If you’re looking to make a career pivot, an MBA may help you face that challenge with open eyes. Business school is a great time to gain exposure to peers, faculty, and a network of alumni from many professional backgrounds — as well as class projects and case studies that dive deeply into different industries and sectors.
That said, even if your heart is in the right place, I’d recommend doing your research, and maybe even getting a couple years of hands-on work experience, to help you figure out what areas you want to focus on before pursuing this degree. Once you’re in it, you want to choose the classes, opportunities, and events that satisfy your ambitions and makes the best use of your time.
To accelerate your career path. Not everyone who pursues an MBA wants to make a dramatic change. Many are looking to pick up the pace of their professional development within a certain industry or at their current company. A part of that involves gaining access to more senior roles with higher salaries.
I was recently talking with a graduate who was in the running for a job at a large e-commerce tech company, but suddenly became stuck in the hiring process. An alum with connections at that company made an inquiry, discovered the issue was a delay in HR, and provided a recommendation that moved her application forward.
Most MBA programs offer access to networking events hosted by clubs and employers, as well as affinity networks and student-led conferences — all opportunities that could expand your reach, and therefore, your chances of success in the business world.
An MBA isn’t a “Golden Ticket” that will automatically admit you to higher-paying jobs with bigger responsibilities. It takes passion, proactivity, and hard work to expand your knowledge and skills. And MBA programs are just that: very hard work. Most students who enrol have a track record of professional success and are seeking further development. I wouldn’t recommend applying if your goal is only to gain money or power.
Les Brown, a well-renowned motivational speaker, once said, “Shoot for the moon. Even if a person misses, he will land among the stars”. In reality, we have many dreams, but we may not achieve all our goals because of certain constraints. So, it is important to dream big so that even if we don’t achieve our goal, we will fall somewhere near our goal. When one dreams big, he does not put any restriction on himself. There are no limits to one’s dreams. Dreams are what differentiate great people from ordinary people. Ordi.nary people only dream about what they can achieve. Hence, they can never carry out extraordinary tasks.
PRIYANSHI SINGH MBA (HR)
AirCrews Aviation Pvt. Ltd.
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