The Masters of Business Administration (MBA) is one of the most popular postgraduate degree qualifications. However, it is not always the best choice for everyone. Although the MBA is often thought of as a degree that provides students with the skills, knowledge and network they need to succeed in business, sometimes an MBA can be restrictive in terms of developing practical, managerial experience. Professionals should only really pursue an MBA if it suitably aligns with their goals and career aims. In this guide we have put together the three main reasons why an MBA may not be right for you:
#1 Not the right time
The MBA is renowned for shaping students into future leaders through the provision of a practical yet challenging education. If you want to relate the content of your study and apply the theories to real world experience, students should really possess a certain amount of work experience. Those just out of university won’t have the required knowledge to get the most out of an MBA. You may struggle when it comes to thinking of how to write your dissertation if you haven’t had sufficient practical experience, particularly if you decide to pursue an MBA too early.
#2 Irrelevant Programmes
There are many business schools who offer slightly different MBA programmes. In this instance, the school will focus on the theoretical aspects of the qualification, but sometimes this can be quite outdated and not relevant to today’s business. Essay writing will focus on theories or concepts that are no longer used. Today’s MBA should combine both theory and practice, rather than just being solely focused on the theoretical elements of business.
#3 Career Goals
Students who study for an MBA are from all backgrounds and occupations, from bankers and pilots through to marketing specialists and entrepreneurs. As the MBA is a business degree, it is one of the few graduate programs that can be used across a number of different industries and occupations. However, it might not be right for your chosen career path. If, for example, you would like to be a psychologist, an MBA shouldn’t really be your first choice.
Deciding to study an MBA is a huge step and one that should not be taken lightly. Many graduates have done very well for themselves without having to study an MBA and still gone on to secure senior positions. An MBA is not for everyone, and you really have to decide whether it will fit in with your chosen career path.