The Master's of Business Administration is a practical toolkit for advancing through the workforce. With an MBA, you can pursue promotions, business prospects, or management positions that were beyond your reach before. These new opportunities come with boosted salaries, enhanced job security, and the potential to advance to even higher management or executive positions. In fact, many global universities estimate that 70% of their graduates currently serve as Senior Managers or Board Directors within their respective corporations.
MBAs are often referred to as “professional” degrees, because of their approach to holistically developing outstanding business managers and executives. However, colleges and universities also cater to the interests and ambitions of individual students by offering specialised degree tracks. MBA concentrations may be either skills-based or career-based. A skills-based concentration helps students to develop a specific, adaptable specialty such as project management or strategic planning, while a career-based concentration will prepare them to enter a particular field, such as IT, medical, or sports management.
“If you are at a point in your career where you are re-evaluating possible future paths, an MBA is a valuable tool which can give you the credentials to make a lateral move without taking a step back in your career. For example; we have had engineers join the programme looking to enter marketing, pharmacists looking to enter management within large Multinational Pharmaceuticals…it can be done! You just need the experience and the tools. In fact, this is almost expected; many people make career-path changes post-MBA.” – Aine McManus, Head of Griffith College Graduate Business School