BENEFITS OF MBA AFTER BSC
A Bachelor’s degree in sciences (B.Sc) includes all subjects like physics, chemistry, economics, zoology, biochemistry, botany, computer science, electronics, etc. When we think about these subjects, the first thing that comes to our mind is that they have no association with management or business whatsoever. But a student in sciences may develop an affinity towards management operations and business strategies. For these students, choosing to go for an MBA (Masters in Business Administration) degree over a traditional M.Sc (Masters in Sciences) degree is a better option.
While it is true that the choice of degree depends largely on the interests and future career expectations of the student, there are certain advantages of a management degree over a degree in sciences. For starters, an MBA degree is versatile and applicable across all industries and sectors. The same is not true for an M.Sc degree which is mainly concentrated on a particular subject. While M.Sc degrees are mainly a getaway for future research prospects, an MBA degree will help you land a job much easier. It will also prepare you for all the possible challenges that you may have to face in a corporate environment. More importantly, MBA degrees are more widely accepted as professional certifications while and M.Sc degree is merely an academic achievement.
Read on to find out more if you are a science student who is more interested in business and management.
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TYPES OF MBA
There are two major broad categories that all MBA degrees are divided into. Their details are as follows.
A general MBA degree is not concentrated on any one particular subject in this genre. Instead, they offer candidates a wider perspective and a broad sense of knowledge over every area related to business and management. In a general MBA degree, you will learn the basic core structure of every specialty and develop skills that can easily be applied to any industry, regardless of its nature. General MBA degrees are mainly focussed on helping you build the right leadership, communication, and critical thinking skills.
A specialized MBA focuses on one major subject or area of management and aims to give students an in-depth knowledge regarding it. It gives candidates a concentrated and well-targeted management experience. After pursuing a specialized MBA degree, students have a more specific idea about the choice of industry where they wish to work in. The MBA degree gives them the exact set of knowledge and skills that they require. They are usually one year long thereby giving you more time to build your CV. A few specialization subjects include finance, accounting, entrepreneurship, marketing, sales, etc.
SPECIALIZED MBA DEGREES IN DEMAND
Finance continues to be a top choice for most MBA candidates when it comes to choosing their specializations. This is because finance is a demanding sector with an immense number of job opportunities at the global level with sky-high salaries. If you manage to graduate from a top-ranked program, you will most likely rank the dream job of every finance enthusiast – investment banking.
2. International Business:
International business is for those students who wish to play a role in global issues. If you want to go for solving problems faced by small and medium scaled enterprises at a multinational level, this is the right choice for you. As a part of the course structure, you will have to understand globalization, cultural differences between communities, and how they affect business, socio-economic problems and their impacts on management and employees, etc. You will also learn about emerging markets and environmental issues faced while running an organization. A capstone project will help you apply all your theoretical knowledge to solving real-world issues.
3. Supply Chain Management
MBA in Supply Chain Management mainly focuses on the flow of goods and services in a firm. It is becoming an increasingly popular choice and is a relatively new entrant to this list. It is a subset of operations management and teaches students about strategic sourcing, manufacturing, and demand fulfillment. Good knowledge of marketing is also required to excel in this field.
4. Human Resources
Human resources is an extremely important aspect of any organization. This is the reason most firms demand extremely talented individuals to work in this department. Human resources teach candidates to learn about hiring the right individuals and employees whose personal goals align with the organizational goals and who will prove to be a true asset to the company. HR managers are also required to ensure that they keep their employees happy and satisfied at all times and undertake activities to boost their productivity levels.
Another extremely popular choice of specialization, marketing has always been in demand. An MBA in marketing equips candidates with the right tools and strategies on how to boost sales and draw more customers to the brand. The basic idea behind marketing is targeting the right audience in ways that they are compelled to purchase your products and show loyalty towards your brand. After an MBA degree in marketing, students can fill popular positions in the consulting, technology, and healthcare industries.
BENEFITS OF MBA AFTER BSC
As we have already spoken about it above, there are innumerable benefits of choosing to pursue an MBA degree. A few of them are listed below.
- The potential to earn increases by manifolds as newer job prospects and industries make a place among your choice of careers.
- You definitely will enjoy greater job security and will gain a perspective towards several issues that affect the global economy.
- Your professional network increases tremendously and along with it so does your knowledge in various aspects of running a business and managing a large team of employees.
A few job prospects and their respective salaries that open up for you as soon as you complete your degree are:
- Business development manager – $39,000 – $127,000
- Product Manager – $98,000 – $159,000
- Management consultant – $78,000 – $166,000
- Chief financial officer – $89,000 – $222,000
- Financial analyst – $51,000 – $364,000
- Marketing director – $42,000 – $250,000
On a concluding note, you can see that, there are more pros than cons to doing an MBA after your B.Sc degree instead of following the traditional academic path. If you are someone with deep interests in business and management, go for an MBA degree and you will not regret it.
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