Considering a business management career? Then you're probably the type who likes to plan ahead anyway! You may already have heard of an MBA (Masters in Business Administration). The MBA is a postgraduate qualification taken after gaining some workplace experience - usually around five years - and it's often seen as the qualification for senior managers. However, before you sign on the dotted line, make sure you're doing it for the right reasons. In fact, there are a few very good reasons not to do an MBA...

  1. It's extremely expensive - an MBA at a respected institution costs upwards of £30,000. If you know you'll want to do one in the future, start saving the pennies right now. Yes, you. Back away from the Starbucks counter!

  2. It's a serious commitment. A full-time MBA takes two years and is a nine-to-five affair (plus the obligatory networking events in the evenings). Like any postgraduate course, studying for an MBA won't give you a sense of direction if you don't have any in the first place. And let's face it, business administration is not something you study for the sheer love of the subject - you study it because you want to go places careerwise. If you're in any doubt as to your enthusiasm for a corporate management career, an MBA is unlikely to tip you over the edge into riotous enthusiasm - and it's a very, very costly, stressful and time-consuming mistake to make.

  3. It won't magically make you into an outstanding entrepreneur, a caring manager, or an ethical business leader. Fundamentally, the MBA teaches you how to run a business, not how to generate ideas, show empathy, or have a conscience. Your own personal qualities will play an important part in your career, not just your qualifications.

An MBA is not a course to be embarked on lightly, and it's not for everyone. But, if you're doing it for the right reasons, an MBA can open up new career opportunities, renew your enthusiasm and give you a fantastic skillset that will prepare you for senior management positions. Here's a few very good reasons to do an MBA...

  1. It's recognised all over the world - there aren't many qualifications where you can walk into just about any corporate environment on the planet and say 'Look what I've got here, hire me!' but an MBA is one of them.

  2. If you really love business, you will probably really enjoy yourself, and do well. Like any postgraduate course, genuine passion for your area of interest is a perfectly good reason to study it, providing you can afford to. And the advantage of being a business geek (as opposed to, say, an astronomy geek or a classical architecture geek) is that you stand a good chance of making serious money out of your interest. So good for you!

  3. You'll be in pretty good company. Of the world's top 30 businesses, 15 CEOs have MBAs, and it can't be denied that having an MBA opens some impressive doors. The global network of people with MBAs is a pretty top-notch club to be a part of.

To find out if an MBA is right for you, click here.

 

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