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value of mba
14 Jun 2017

The Value of an MBA

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There are many¬†considerations of course that define the real value of an MBA such as the university and its curriculum, the quality of faculty and their academic and industry exposure, etc.But here is an essential truth about acquiring an MBA that not many people are going to tell you: what you put into the MBA in terms of your own engagement with the subject matter and assessing the potential application of theory is what will largely define the real value of the MBA to you as an individual and as a professional…

In general, it is valuable to note that there are three ways to look at the real value of an MBA program:

a) How this affects you at a personal, individual level
b) How this impacts on you as a professional in your career
c) How this impacts the financial rewards in your career

Let’s look at each of these in turn:

1- Personal Motivation

For many people who have been thinking about an MBA, more people will postpone the decision to do this than those who decide ton take the plunge. One reason for this is just not having the time, opportunity or sometimes the finances to get going. But this feeling of wanting to do the MBA stays and becomes more pronounced with each year that you put it off. The feeling is like something is missing. Perhaps it is feeling a lack of achievement or perhaps there is a nagging worry that it is the lack of an MBA that is holding you back in your career. In some ways, completing an MBA is like getting a marathon under your belt. It provides a sense of satisfaction and personal motivation that you are now ready to take off on a new personal development trajectory.

2- Professional Benefits

The professional benefits are significant and can vary from person to person. For some, an MBA and an international one at that can open the doors to job opportunities that did not exist before. For others, getting that promotion they had been seeking for some time is no longer problematic because they have the necessary qualifications required for that position. For many, the MBA provides opportunities for either a change in industry or perhaps an international placement in their own organization or a new one.

Experienced professionals, particularly those with technical degrees, who are managing teams or who have supervisory positions start to develop their own ideas about how to lead and manage their people and resources better. They become much better at analyzing, formulating, reporting, decision-making and time management. Quite a few MBA graduates start to see beyond what their Bachelor degrees and exposure to date had taught them. They see the world and the opportunities available through a completely new lens that was just not there before. It is almost like new windows have opened up in the brain to provide visibility on new vistas. This is essentially a change of mindset. Sure you have heard stories about people who dropped out of their MBA to form great companies but haven’t you also heard about the thousands of young people who have done their MBA then set about to start innovative new businesses around the world? Main reason: a new personal motivation that does not believe in personal limits and a new, confident mindset that understands the world of organizations, management and business.

An MBA was never designed to make anyone a business or management expert. That is something only experience can provide. What an MBA does however is to provide huge confidence in knowing the game and the rules of business.

3- Financial Rewards

An MBA is not in itself a ticket to a higher salary or financial remuneration. But study after study shows that MBA graduates start getting recognized as
being more competent and valuable in organizational roles very soon after they graduate hence the financial worth also starts to increase. Although a lot depends on the brand of the MBA, country, industry and type of position, it would be a general truism that professionals recover their investment in a good MBA within the first 3-4 years of completion.

In the older days, the traditional MBA methodology required an individual to leave the job and “go back to school”. This was a huge decision and involved a very significant trade-off. Now, with international programs that come to you, you do not need to leave your location, job or personal commitments. This is no longer the huge investment it used so the financial return is more substantial and faster than ever before.

4 Responses

  1. Fahad

    I may like to know the future prospects of MBA program in job sector. As an experienced individual how this MBA can help me as compared to MBA offered by Bahria, NUST, LUMS. I will appreciate if some alumni may throw light on the said concern.

  2. Faizan Razzaq

    Hi Fahad,

    I have recently completed my MBA degree from USQ through MDi. In my view, this degree stands out from the local competition in basically 3 ways:

    1. International degree which is both locally and globally recognised.
    2. Cost structure comparable to local universities.
    3. In most of the top tier local universities, MBA isn’t offered in evening or weekends and you have to either quit your job to enroll in a full time MBA program or enroll in an evening/weekend EMBA program. MDi offers the flexibility of an evening MBA program designed for working professionals.

    Regarding its future prospects in the job sector, MDi’s alumni is currently working in different local and international firms. MBA degree from MDi offers either same or better job prospects from the rest of the competition because, I am sure you will agree, a foreign degree on a CV is always a big plus and helps you stand out from the competition. I hope this helps!

    Faizan Razzaq

  3. Umar

    Dear Fahad,

    I do wish that the answers to such questions were that simple and straight forward but unfortunately it is not very easy to quantify such a comparison since it requires some in depth research backed by concrete and reliable data. It is more relevant to question what one wants out of any degree from the perspective of personal growth, development and overall experience. If you are looking for job prospects and a better secure future then I am sure you are also aware that no one can promise or guarantee anything. If you are looking for a program that is contemporary, flexible, provides international exposure and is also recognized in Pakistan then you can explore this option. Since I did not want to leave my job for pursuing an MBA degree therefore this met the requirements quite well. All other MBA programs are also good but it again boils down to what you want from your degree. Every institute is unique and the degree they offer has their own pros and cons which might be quite difficult to assess in the long run since you never know what the world would be like after you graduate.

    I am available over the phone or in person to share my experience in detail. MDi Management has my contact number and can help you connect with me. Wishing you all the best and good luck.

  4. All the previous comments seem valid. I will simply add a different perspective. If a local MBA seems to be practical for you to commit to easily because the class timings and other requirements are doable for you and it can satisfy your reason for doing an MBA, then great.

    The vast majority of students who come for the USQ Australia MBA at MDi do so because they have already evaluated that a local MBA cannot meet their requirements in terms of delivery and format, content, specialization option, etc.

    Another major reason is that many of our students who are already working for multinationals have plans or aspirations to get an international career placement and residence in the Mid East, UK, Australia, USA, Far East, etc. where a local Pakistani MBA may be acceptable but an international degree gets preference and provides differentiation.
    .

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