Master of Business Administration, MBA at is popularly known, is a two years post graduate program that prepares students for responsible management positions in business. Top MBA institute college Raipur or any other city do a good job of developing your management acumen and skills by exposing you to all areas of business including economics, accounting, finance, operations, HR and marketing among others. In contrast to other Master’s programmes which provide further specialisation in a particular field, an MBA is interdisciplinary drawing heavily from other subjects like economics, human psychology, sociology, accounting, finance, etc.
It is important to mention beforehand that an MBA is heavy investment of time and money. With fees of institutes offering MBA without CAT in Raipur or CAT hovering in excess of a million rupees for the two year program, it is one of the most expensive professional course in existence. Companies who are known for extending educational assistance to their employees to enhance their skill sets and knowledge are also often found wary of sponsoring this prohibitively expensive degree program. Even people who are interested in part-time executive programs should understand that an executive MBA is also not cheap and you may have to dig deeper in your pocket to take this course.
With so many questions and concerns surrounding MBA, it is but natural to ask if it is worth pursuing this notoriously difficult program that demands both money and a higher degree of self-discipline. In the following paragraphs we shall look into the factors that make MBA, despite all the cost and investment, an extremely lucrative career option. This will perhaps help us better understand how an MBA degree benefits your career and your life.
MBA offers high return on investment
This may sound improper, but the fact is that for many people an MBA degree from a top class business school is an assurance of a fat pay package. You may not agree, but many people equate success and happiness with the right number of zeroes in their salary cheques. This is a motivating factor that compels people to study hard and gain admission in some high level business school. Statistics suggest that people who have an MBA degree from an established management institute are likely to be offered a salary that is at least 60 to 70 per cent more than what is generally offered to a post graduate student from other discipline. Immediately after graduation from say, Indian Institute of Management, you’re likely to land a job with an average wage packet of over 20 lacs. So if it is a lucrative career you are after that offers high return on investment (ROI), an MBA degree is worth striving for.