What should you know about earning a second MBA degree?

Master of Business Administration, is a very demanding postgraduate curriculum in India and around the world. This management degree serves as a springboard to a myriad of jobs in the corporate sector. Over the previous two decades, the MBA program has grown in popularity in India.

All managerial level jobs across all domains and sectors want an MBA degree, which is why a big number of graduates now pursue an MBA as a career after graduation.

Best online MBA coursesA full-time MBA program normally lasts two years, while several expedited full-time MBA programs last only one year.

This style of fast-paced MBA is prevalent, particularly at non-US business institutions.

The length of part-time and executive MBA programs varies according to how many credits a student enrolls in each academic semester or quarter. Both executive and part-time MBA programs are designed for working individuals who want to continue their education while working full-time.

In India, getting a second MBA is fairly prevalent and a huge chunk of students pursue it as a career after graduation. Experts suggest that when it comes time to hunt for that promotion, industry leap, or new professional adventure, the first MBA may be lacking in postgraduate benefits such as a strong alumni network or brand recognition.

If someone meets this requirement and wants to work for Google in Europe, they will certainly have a more difficult time than someone who graduated from an internationally renowned program.

When do some people want to pursue a second MBA course?

MBA schools in some countries, like India, accept a large number of applicants directly out of college.

When you enter an MBA program with next to no professional experience, you are more likely to succumb to society’s expectations to land the ‘most prestigious’ job on campus, which is often sifted solely through compensation packages and brand names, rather than what you prefer or what fits your strengths and limitations. Eventually, with time people realize that this is not the right job for them.

  • Some career paths are harmed as a result of a poor employment market, being laid off, a failing business venture, or poor professional choices.
  • There are applicants, particularly from less prestigious MBA programs, who do not have the opportunity to recruit for the top organizations and must settle for whatever remuneration they can receive.
  • Some people want to settle elsewhere and their previous degree is not valid.

When it comes to accepting applicants with an MBA, top business schools have various policies. As a result, before beginning the application process, research the admission policies for second MBA programs at your preferred business schools.

Admission policies at business schools are continually being revised. As a result, before considering a second MBA, establish contact with the admissions office of your preferred business school. All B-Schools do not accept candidates who already have one MBA degree. There are some that accept candidates conditionally and some who accept students despite their having an MBA previously.

When you understand whether your desired business school would approve your application for a second MBA, the second phase is to reflect and determine whether a second MBA is a good fit for your professional goals. In case you lack time for a full-time degree, there are some of the best online MBA courses available on the internet and give you plenty of specializations to choose from.

One must delve deeper and explain why the first MBA did not provide them with the qualifications, abilities, or exposure they required for their professional objective.

In the application, it’s critical to explain why one needs the second degree, especially in the descriptive questions. Essay submissions should also include the short-term and long-term goals, as well as what one aspires to learn from the program.

Conclusion

The best online MBA courses will give you a clearer picture of the wants and needs of the corporate sector. MBA online courses help you juggle between your job and academics and might be a very good option for aspiring candidates.

Newly Minted MBA? It’s The Best Job Market In Years.

For decades, a simple mindset was prevalent across the world that an MBA is the most obvious step to rise up the career ladder. Several business schools garnered a reputation hereof, promising a bright future for their alumni in the job market.

Students and working professionals hustled their way into these courses to learn core business values and network with the business world. All, to fulfill the most coveted goal of bagging top-tier management positions and earn a substantial income.

MBA online coursesAnd then came the Covid-19 pandemic and altered significant aspects of our lives, including work and education, seemingly forever.

In this article, we address pertinent questions about the MBA degree. Is an MBA still relevant? How to do an MBA online? Read on to know more.

Why an MBA is beneficial even in 2021

Post-Covid, the nature of work has radically changed. According to a study by Bain, businesses are embracing automation at an accelerated rate because of the improved accuracy and compliance and shorter process cycles (Even tech jobs are not automation proof anymore!) Similarly, outsourcing has cut costs by promoting virtual workspaces and scattered teams.

Under such circumstances, management skills are more important than ever because these are the only roles that cannot be easily altered. Managers who are in tune with the changing work dynamics are the links keeping the extended workforce together.

An MBA from a well-regarded business school benefits you by:

  • Aiding the development of advanced and flexible management skills
  • Helping achieve long term career success
  • Building proficiency to explore new industries or functions

Why should one opt for a distance MBA?

Whether to go for an MBA is not the question in the post-pandemic world. The real question is whether a spend of over $200,000 for a degree abroad, along with the loss of two years as an active professional in the current times, is the optimum choice. It might not be.

Let’s face it. With the pandemic governing our lives for the foreseeable future, a business school experience is just not the same anymore. In reality, even the most top-notch business schools in the world are struggling to attract talent and provide internships to their students.

The courses being offered by them still focus on business trends from a decade ago rather than adapting to the models that make sense for the future. Legacy is given precedence over innovation and that just doesn’t cut in the current world. To achieve long-term career success, being topical and relevant is important. This is why one should opt for a distance MBA.

How to do an MBA online?

Some of the best online MBA courses are new, experimental and offer a wide range of specializations pertaining to different management niches. Classes are conducted online with no on-campus requirements. Course materials are available 24 hours which means working professionals can take it up alongside their day job. They are economical, flexible, and convenient and offer the same advantages as a traditional MBA degree.

Here are some factors you should consider when choosing the best online MBA courses:

  • Make sure to get your online MBA degree from an accredited school
  • Do thorough research of the curriculum and faculty before enrolling
  • Understand the education dissemination format of the specific course
  • Compare tuition fees and schedules of your shortlisted courses

Conclusion

The pandemic may have significantly altered work but it hasn’t stopped us from seeking new opportunities. If you are looking to boost your career prospects in higher-paying jobs and better management roles while also averting the uncertainties of the times, then a distance MBA is the best choice for you. There are nearly 150 accredited distance MBA courses available to prospective students offering a variety of benefits and advantages.

A reputed online MBA course is generally  tailor-made for any working professional seeking an opportunity in the world of banking and finance.