THREE LETTERS THAT TAKE YOUR CAREER TO A NEW LEVEL - MBA
In a fiercely competitive
climate where the demand for jobs exceeds the supply, and the complexity of business requires a strong management capability, an MBA can provide the edge and accelerator to your career, says Sharon Bamford, Chief Executive of the Association of MBAs.
As I travel the world visiting our accredited business schools, it is interesting to see the growing diversity of today’s MBA students. There is a rich mix of people from every sector and different countries around the globe.
Professions from the public sector including nurses, the military and charities mix with engineers, farmers, and corporates, and also increasingly, with people from the start-up sector.
Why do they choose to dedicate their time and energy to studying an MBA? It may be to change career, or move into management in their current job, whatever the reason, one thing an MBA does is open up a wealth of opportunities. An MBA is an enabling tool for management and leadership, so it could propel you vertically within your sector. It also allows you to change directions
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and go from a career in banking to the not-for-profit sector, or it might provide a good opportunity to change geography or become an entrepreneur.
The view on MBAs has certainly changed from the old 1980s perception that they are only for executive bankers and high-flying consultants. The 21st century MBA is very diverse in the type of graduate it produces. As a result, the type of business school you choose will be very much dependent on where you want to go and what you want to do with your MBA. There are a diverse number of business
schools and programmes available that are suitable to a wide range of individuals and aspirations.
A huge number of topics are covered in great depth on an MBA, and graduates that I’ve seen from different career backgrounds are extracting incredibly good value for their organisations through strategic leadership and rigorous analysis. The Association of MBAs recently conducted research with employers on the value of the MBA, and 75% of employers said they believed that an employee with an MBA offered more value than those without the qualification.
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