Advantages and Disadvantages of MBA
 

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Re: advantages and disadvantages of MBA
 

I want to know the Advantages and Disadvantages of Master of Business Administration MBA program so will you please tell me?

Re: advantages and disadvantages of MBA
 

M.B.A. degree has widely been considered a wise choice that can help professionals move into management level positions

The MBA is a popular advanced business degree that provides a broad array of administration coursework in fields like management, finance, human resources, accounting and marketing.

An MBA is viewed as being one of the best ways to advance your career. However, the decision whether to study a MBA or not should take into consideration other factors rather than just the potential for a higher salary.

However, there are also a few disadvantages to obtaining this degree.

Advantages of MBA-

One of the key benefits of having an MBA is career progression . Some companies want to see their management level employees have the accreditation.

One of the most overlooked advantages of an MBA program is the relationships that you form while studying the program. The people that you will meet during your MBA program are invariably ambitious and career driven.

Money and a better job might be exterior benefits of an MBA program but the internal benefits are just as important.

An MBA program is a fantastic opportunity for personality development.

An MBA program will push you to go outside of your comfort zone. This can help you to increase your confidence and ability to lead other people.

Disadvantages of MBA-

Limited skill development-

Students studying for an M.B.A. typically work on a specific skill set while theyve pursuing their degree. Some authorities in the business world have argued that M.B.A. study makes an individual more likely to resort to old techniques and solutions that other companies have used in the past to overcome problems rather than inventing their own solutions that perhaps are better suited to the unique situation of their company.

Costs of study-

Studying for an M.B.A. can be expensive. Estimates for the average cost of completing an M.B.A. program hover around $100,000, and those who study full time and have no income coming in while studying should plan to possibly have accumulated even more than $100,000 once theyve graduated.

Lack of specialization-

Those who decide to study for an M.B.A. forgo the opportunity to acquire more specialized skills.
Sometimes, a management position is best filled by someone with training in a specific industry rather than by someone with very theoretical training in management techniques.

Uncertain return on investment-

Because of the high costs of M.B.A. study, the return on investment of an M.B.A. degree is uncertain.