Today, a master’s in business administration or MBA is considered as a ticket to get into senior management roles within the business world. For many young professionals, pursuing an MBA after graduation or a few years of work experience is the next logical step for advancing their career.
However, there are many proponents of not pursuing this business programme. Some are sceptical of pursuing an MBA, since most MBA programmes cost a lot of money. They argue that pursuing other cheaper business degrees can also allow you to get into the business world.
If you are wondering if pursuing an MBA course is worth the commitment and expenses, this blog is for you. Let’s find out what you can get from an MBA programme and the kind of career prospects it can provide.
What is an MBA degree, and will it be right for you?
An MBA is a graduate-level business programme that provides the relevant theoretical and practical training for different business operations. An MBA is designed to provide you with a better understanding of how a business should be run and advanced further.
In general, an MBA degree lasts for a couple of years and requires you to attend full-time, in-person classes for the duration. However, this popular business degree has also sprouted many other variants like a part-time MBA, mini-MBA or an executive MBA to cater for working professionals who are unable to study full-time.
What can an MBA course cover?
An MBA degree focuses on different aspects of business management and administration such as human resource management, finance, marketing and even logistics. Many universities offer diverse MBA programmes across different domains like healthcare, entrepreneurship or sports, which cover essential business aspects of those fields.
The course curriculums for different MBA programmes can also vary depending on the university and the MBA specialisation you have selected. However, you can expect to encounter the following subjects in most MBA programmes.
- Global management
- Human resource management
- Marketing management
- Accounting sciences
- Economics for managers
- Managerial statistics
- Organisational behaviour
- Strategic decision-making
What kind of benefits can you expect from an MBA programme?
Contrary to most critics, an MBA programme can considerably enhance your professional profile and provide you with quality career prospects. If you pursue your MBA from a renowned institute or business school, you can take advantage of its reputation to build your career.
Additionally, the skills gained during the programme can instil a sense of confidence in you that is appealing to many employers. Here are some extra benefits of pursuing an MBA after your graduation.
- You can develop many managerial and transferable skills: An MBA can provide you with many general and technical skills you need to manage a team, project or company. Some of the essential skills you can pick up from the course include leadership, time management and effective communication skills.
- You can choose from different MBA specialisations to fit your career goals: There is a diverse range of MBA courses that focus on different aspects of the business world. Each MBA specialisation allows you to pick up technical expertise in that domain and find managerial positions within that field.
- You can build an extensive professional network: One of the key advantages of pursuing an MBA is the chance to interact with people from different parts of the world and hone your networking skills. Most colleges that run MBA programmes host various events and career fairs which can allow you to build an expansive professional network.
- The degree can get you access to high-paying jobs: It isn’t always possible to land a well-paying job immediately after your bachelor’s degree. Combining your undergraduate degree with an MBA can allow you to advance your managerial expertise and land better-paying roles.
What kind of career prospects can you expect from an MBA?
Most people initially pursue an MBA because of its ability to provide good career prospects. Picking the right MBA programme and specialisation can ensure you become the ideal candidate for your dream management role.
Here are some fascinating career roles that you can opt for as an MBA graduate.
- Account director
- Business consultant
- Business development manager
- Entrepreneur
- Finance manager
- General manager
- Marketing manager
You can pursue plenty of other roles like logistics specialist, pricing manager, operations manager or marketing director.
A Master of Business Administration degree can shorten the time you require to ascend to senior management roles in the corporate domain. It can provide you with an expansive list of managerial and transferable skills which can be useful in various industries throughout your career.
If you are searching for the right MBA programme in Ireland to further your career in the business world, consider pursuing a full-time MBA from IBAT College Dublin. This programme will allow you to take advantage of a comprehensive curriculum in addition to being able to study in a culturally diverse city like Dublin.
Pursuing an MBA at IBAT can offer many other advantages like an experienced faculty, diverse student body and state-of-the-art infrastructure. The student-instructor ratio is also kept small to promote better interaction and doubt resolution.
- Click here to learn more about the MBA programme at IBAT College, Dublin.
- Click here to apply for this master’s degree at IBAT College Dublin today.
Frequently asked questions
Are there a lot of MBA variants?
Yes. These days, you can choose from different MBA variants like a part-time MBA, modular MBA, mini-MBA, executive MBA or global MBA, depending on your existing commitments and career aspirations.
What kind of MBA graduate salaries can I expect in Ireland?
As an MBA graduate in Ireland, you can expect to land a good role with a decent compensation package. As per data released by Payscale.com, MBA graduates in Dublin can earn anywhere between €36,000 to €98,000 each year, depending on the domain and the company.
Where should I study an MBA in Ireland?
If you want to pursue an MBA in Ireland, opt for universities in big Irish cities like Dublin, where you can get access to commercial hubs and other facilities.
Should I choose a part-time MBA programme over a full-time variant?
It depends on your personal and professional obligations. If you have the financial backing to spend most of your time in education, you can choose a full-time MBA programme. If you are currently working and want to maintain your work life with your academics, a part-time MBA makes more sense.