There are many upsides and advantages to doing an MBA degree, but there are a few cons you should consider too.
Symbiosis Institute for Business Management Hyderabad is one of the best colleges for MBA in Hyderabad.
Advantages of doing MBA
1. Career progression
The main reason why many people opt for an MBA degree is because of career progression opportunities. Usually, the high-paying managerial and executive roles in companies are reserved for MBA graduates. Employees without an MBA degree sometimes face a “glass ceiling” where their career is not allowed to progress beyond a certain point due to the lack of a Master’s degree such as an MBA.
2. Opportunity to change careers
A lot of students opt for an MBA degree as it will allow them to switch careers. Having an MBA degree in a specific field will allow them to switch to that particular field, where there are more opportunities or just because of general interest or proclivity for the field.
3. Competitive Edge
Having an MBA degree will immediately make you a more attractive prospect to employers over those who lack this degree. Your managerial skills, time management skills, expertise, etc will also improve tremendously and will make you a better business professional. You will get the chance to meet a lot of career-driven and ambitious people during your time in college, and that will also influence your own ambition and goals.
You will form professional relationships with a lot of business professionals that could benefit you in the future. You could also develop the skills required to start and run your own business. MBA education is of tremendous value and could be the fuel that could ultimately kickstart or revive your career.
Disadvantages of doing an MBA
There are not many disadvantages as such when it comes to doing an MBA degree. However, there is one factor that needs to be considered. The cost of most MBA programs is extremely high. In India, the cost could reach up to 20-40 lakhs. This is a serious financial commitment, and you need to make sure that you are committed to the goal. You need to be certain whether or not it is the right time to obtain the degree as there is no age limit when it comes to an MBA degree. You can even wait till you are over the age of 30 to get it.
It is a two-year commitment, and this could mean putting your career aside for two years. If you are studying full-time for two years, this could mean you losing out on two years worth of your salary, which is a serious risk. There is no guarantee that an MBA degree will pay off. That heavily depends on your own ambitions and ability to work hard.
However, as mentioned above, an MBA degree is one of the most sought-after degrees in the work. If it is obtained from a reputed university, it will surely improve your career. SIBM Hyderabad is the best B School in Hyderabad and offers an excellent MBA program.