The Master of Business Administration, commonly known as MBA, has been very popular for the past decade. It is an internationally recognized postgraduate business degree, and is getting even more common and compulsory all over the world as our economy has become truly global.
Business nowadays is no longer limited to surrounding geographies. Globalization has an implication that there is a ripple effect. Managers are increasingly facing a competitive business environment, and have to be talented and knowledgeable than ever before. MBA has been the cornerstone for such success.
Different people may have different reasons. However, the most obvious reason is that an MBA can get better one’s job and career, and makes more money, at least at the beginning. MBA has become an “entry ticket” for many managerial positions, and it is almost a must for those who want to enter into the management level. In many leading corporates, those without an MBA degree will not be considered for the managerial positions. Only this reason already draws thousands of students into good MBA programs.
Employees nowadays are very transitory. They often change jobs after a few years. Employees in Hong Kong are of no exception. This has led the employers to find the talented and educated available from the market, instead of in-house training these individuals who may not stay for long. Naturally, good MBAs become the available source of talent. MBA ranking can be an indicator for these employers.
Because top MBA attracts talented students from almost every sector of the society, if not all, it provides a tremendously network opportunity for those who are in the MBA program. Indeed, the word “networking” has been one of the main reasons for students joining an MBA program.
In addition to better the career and financial prospect, quality education also enhances personal value and social status of an individual. It is also a very good role modelling for those who have kids. It can be seen from graduation ceremonies all over the world how many happy faces of families, friends and the graduates themselves. Educational attainment is always a pride and precious achievement.