Months and months studying at night, doing team work during the weekends, researching for special tasks. Goodbye to sports, to movies, to old friends …
And all this sacrifice, for what? What is the value of an MBA? In any case, is it worth it?
To begin to answer these questions, a brief parenthesis about career development is necessary: How do we develop professionally? What are the keys to professional growth?
As we say, a little jokingly and a little seriously, to our students: development is “the realm of suffering”. It implies leaving our comfort zone and locating us in a situation that is not comfortable for us.
So, the first premise is that the MBA collaborates with the development of the students only if it challenges them, if it presses them and demands them for almost two years.
However, this feeling of discomfort is made more tolerable because the group functions as a support. When dealing with a collective situation, individuals charge energy in the group, which pushes them beyond their own possibilities.
This is why classmates tend to forge such solid relationships: they have common goals in adverse situations.
What is learned in an MBA?
Among the skills that are developed in an MBA we can highlight the following:
1) Improvement of the analysis capacity. This is the ability to distinguish relevant information, to understand topics and find solutions.
2) Speed of understanding and decision.
3) Enrichment of critical judgment.
4) Improvement of creativity and innovation.
5) Ability to work as a team with people of different backgrounds and opinions.
6) Development of systemic thinking, basis for strategic vision.
7) Tools to manage complexity.
Understanding of different approaches and diversity management.
9) Knowledge of other realities, with the consequent widening of the range of possibilities.
10) Improvement of the ability to generate and maintain a network of contacts.
These are the skills that the selectors (companies or consultants) value from the graduates of these programs.
However, for the development of these skills, the contribution of the teacher as well as that of the classmates is as important. Therefore, the second premise says: the results in terms of development are directly proportional to the level and good mix of the partners.
At this point, it is necessary to point out that not all participants of an MBA program develop in the same way.
On the one hand, the results depend on the “raw material”, that is, the student and his personal resources.
But they also depend on the quality of the involvement in the process: participation, dedication, the assessment of colleagues and the use of teachers.
In other words, in an MBA program they all go through the same “pipeline”. However, the “how” pass generates different results.
In short, is an MBA useful?
That depends on what you look for. In general, an MBA is an excellent alternative for someone who wants to achieve a more generalist profile, improve their systemic vision, update themselves, expand their possibilities, develop a solid network of contacts, think “out of the box”, make a change or accelerate his professional career
Many students call us and ask us what an MBA is and what it is for.
Today in this post we want to throw a little light on the subject and explain in a clear and understandable way the benefits of an MBA.
MBA is short for Master of Business Administration, which in Spanish would be a Master’s in Business Administration. Broadly speaking, an MBA prepares students for positions of responsibility in companies as they allow to acquire general knowledge of different business areas and provide a strategic and global vision.
In the 50s, MBAs came to Europe and in their origins secured a position of great responsibility with the consequent salary because there were very few workers who owned one. Nowadays, although it is more usual, it is still highly valued in the human resources departments of companies and allows you to open many doors in an increasingly competitive labor market.
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