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Importance of MBA in Career
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Why am I Pursuing an MBA degree?
I decided to pursue an MBA degree in order to further my managerial career in the company I work for. The question would be: Why do I think it will enhance my management career? The answer to that question requires short background information.
I started my career as an entry level programmer in 2000, after receiving my bachelor’s degree in computer science. My career took a turn to management in 2003 when I was offered a team lead’s position with the company I was working for. Since, I worked myself up through the ranks to my current position of a Manager, responsible for a sub-unit handling a specific application product. After working as a manager for 2 years, managing both the resources and the budget and the tasks for my sub-unit, I realized that my on-the-job training was not sufficient to handle the multitudes of challenges that I faced daily without a degree in business. After much research, I found that no other action can alter my career path or earning potential like an acquiring of an MBA degree.
The MBA degree is one of the most highly demanded advanced degrees in business today. Corporate demand for MBA’s has been on the rise in recent years and remains strong. According to the 2007 Corporate Recruiters Survey, conducted by the GMAC (Graduate Management Admission Council), hiring companies plan to increase their numbers of new graduate business student hires by 18% (GMAC, 2007). Projecting the overall increase in college hiring, Bizjournals.com states that at the master’s degree level, MBA graduates will be in the most demand. (Scott, 2007) Results from the Job Outlook 2007 survey referenced by Bizjournals.com showed that more than half of employers who plan to hire candidates wit...
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Quacquarelli, Nunzio (2008, April 22). The MBA Salary Gap Increases. QS Quacquarelli Symonds. Retrieved September 26, 2008, from http://www.topmba.com/news/article/the_mba_salary_gap_increases-1/
Scott, Thomas, G. (April 10, 2007). College grad job outlook stronger this year: For the best money and the best work it’s wise to head west. Bizjournals.com. Retrieved September 26, 2008 from http://www.msnbc.msn.com/id/18027094/from/ET/print/1/displaymode/1098/
Yukl, Gary (2006). Leadership in Organizations (6h ed.). Upper Saddle River, NJ: Prentice Hall.
The article made me revaluate my decisions. I also asked myself if I were sure of what I wanted to major in. As Brooks mentioned nowadays it’s hard for young adults to find a decent job after graduating. Not only that, but if you are in a competitive major like business, accounting, and even criminal justice, the chances of you getting a job can be very limited. I have personally seen a couple of my friends with Bachelor degrees working a fast food restaurant or doing something else, that has nothing to do with their major earning minimum wage. Many people have degrees nowadays and the hunt for jobs seems to become more competitive everyday. I still have a couple of years before I achieve my goal of getting my degree. The way the work force is getting so competitive, by the time I finally receive my bachelors degree, the chances of me finding a job are going to narrow
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Wake Of The Economic Downturn. A Survey Among Employers Conducted On Behalf Of: The Association of American Colleges And Universities. Washington D.C.: Hart Research Associates, 2010.
I’m a student at Tompkins Cortland Community College this is my first semester as a college student. I plan to go to college for four years and only be at TC3 for this one semester, then transfer to a four year school. College has grown around the world more than ever and more people are attending college more than ever. I have chosen to go to college because of the rewards after graduation. Yes it is another four years of school but by getting more education and an extended degree gives me more opportunities for better jobs and more money. The career I have chosen to study is business administration. I am hoping that it takes me to a great job managing a company or possibly being an accountant.
My long term career goal is to found my own financial company that specializes in applying advanced analytics tools to solve complex financial problems. Having worked as a financial analytics analyst for more than 6 months at Enova Financial, a Chicago-based consumer online financing company, my passion towards financial analytics is reinforced. Ranging from basic data query and reporting to predictive modeling and optimization, data analytics has assumed a more important role in today’s financial services industry. Mastering data analytics could help financial institutions acquire the relevant information in the shortest amount of time and make the informed decisions thereafter. Since personal loan industry is only the niche of financial services, I would like to broaden my horizon of the financial knowledge by gaining a deeper understanding of its principle and its application in order to achieve my loan term goal. Entering a full-time master in finance program, as such, becomes the best option for me.
I am ready to begin an educational experience at Olin Business School that will provide me with the business knowledge I lack at this point in my career in order to shape my future business career and succeed in the financial field. I am confident that my professional experiences reinforced by the personal dedication, hard work and business ethics I have built in the last five years have refined me to seek a superior education from Olin. I am very excited to be able to challenge myself by setting my professional goals very high knowing that an MBA from Olin will undoubtedly help me to reach my short-term and long-term goals and support me to prolong my passion throughout my career.
I am Fasiha Abdul Rehman, holding a professional degree of Doctor of Pharmacy at 23 years of age; with a deeper interest in contributing to the understanding of diabetes and cardiovascular diseases and unveiling new information for medical advancement and betterment of mankind and I envisage Masters as crucial step in this direction.
After almost three years at Bernstein, I am once again seeking career advancement. My education and work experience have provided me with an excellent introduction to business, and they have sparked my interest in finance. Taking into consideration my foundation and my interests, graduate business school is the next logical step. At this point in my life, I consider a Wharton MBA to be necessary since I need to gain a broader understanding of finance and to sharpen my analytical skills in order to be successful in corporate finance. Wharton's MBA program will allow me to concentrate in finance, strengthen my global business perspective, and provide me with the opportunity to study with and learn from people with varied backgrounds. The school's location in the financial capital of the world and in one of the most diverse cities in the world also suits me perfectly.
And I have the master degree which is better than bachelor degree students to find a job. The MBA program offers me management techniques and more viable. However the weakness is I am the international students, that means I have to find a company can sponsor H1B. And my oral English is not that good. But this can be practiced.
The further education in today’s modern world is extremely important because of the sheer competition for jobs. An MBA significantly increases the hiring opportunities and improves a persons career choices significantly. My research found that a number of huge companies actually required an MBA to even get a first interview. The MBA teaches different techniques from companies and the undergraduate degrees, so you learn skills that are essentially very much exclusive to graduate business programs. It is clear that the MBA degree is sought by Finance companies as currently JP Morgan, Chase, HSBC and Wells Fargo currently offer sponsorships for employees to continue their education if they work for the company for a certain period of ti...
(2011). Becoming a leader: Early career challenges faced by MBA graduates. Academy of Management Learning & Education, 10(3), 452-472.
I develop and deliver technical solutions to collection of applications used by retail giants across the globe. My responsibilities have given me scenarios to put on my problem solving and interpersonal skills in real life situations. Frequent interactions with client aroused in me, an urge to get into a management consultant role. But, with time I realized that I have to upgrade my skill-sets and make myself more relevant and attractive to the job market. I also realized that I have to diversify my aspects of management such as leadership, entrepreneurship and finance etc. and Broad MBA will equip me with these skills and will increase chances of succeeding in my goals, manifold. After accomplishing virtuous knowledge of IT industry, I believe that Broad MBA program will help me learn more about business problems drawn from real-life scenarios and prepares me to take the next step toward career success. I believe Broad is more than just a place to learn. Through Broad MBA, I will not only shorten my learning cycle but also get a chance to learn from world class faculty, established curriculum and diverse peer groups. This innovative pedagogy will help me put the big foot forward towards my goals, build a professional and personal network and edify me as where to look for information and how to interpret it, when required. The Broad is well respected for the quality of its program, which has been recognized for its cutting edge design and delivery, with rankings that indicate its place among the top tier programs around the world. It will help me create a unique learning experience and it will be my passport to new world of opportunities. While global economic vagueness make me, insecure but I believe that now these challenges wil...
In my degree plan, I realize that I will have to complete my general education classes including English, math, science, history, and the humanities. These classes have the ability to prepare me for the rigorous work that I will face within my core business classes. Program requirements vary based on each institution’s own specific curriculum. However common core courses in business administration programs are mostly centered on financial accounting, business law, economics, finance, organizational behavior, business management, marketing, human resource management and operations management . Through research of my career path, I realize that a Masters in Business Administration would be even more useful because it has the potential to attract potential investors. Median yearly wages for people with Business Management degrees range from $46,00-$115,000 . The duties of owning a fashion boutique include managing the daily operations of the store, all finances, and maintain the vision of the store
Thus the reasons why I want to go back to university and do a MBA to get myself a thorough business background to understand not only my career experiences but other students as well and put them in to business context and have a holistic view of the organization. The knowledge I will gain should help facilitate a career change. After extensive work in high tech LNG shipping industry, I want to transfer to shore based industry.