6 Reasons Why Senior Executives Are Taking MBAs In 2022

April 22, 2022

6 Reasons Why Senior Executives Are Taking MBAs In 2022

Following almost two years of uncertainty caused by the COVID-19 pandemic, more companies are looking to hire MBA graduates to help them restore operations and develop growth strategies. According to GMAC’s Annual Corporate Recruiter Survey, we might also expect a recovery and an increase in employment and income expectations for MBA graduates this year. There is also an increase in general confidence in an MBA’s value proposition.

According to the QS findings, MBA programs are popular for 6 of the most popular reasons students are enrolling in them.

1. Expand your career opportunities and mobility

According to U.S. News & World Report, an MBA can boost job stability with a current company or within a certain industry area. According to the Graduate Management Admission Council, 96 per cent of employers surveyed believe that recruiting business school graduates adds value to their organisations.

Globally, the number of MBA applicants who apply to work in a leadership position after graduation is about three times higher than those who want to increase their compensation. Even though this ratio is lower in North America, roughly twice as many people pursue leadership positions as pay increments.

2. Acquire new skills and competencies

Acquire new skills and competencies Aventis MBA Graduates attending on-campus graduation[/caption]

The second most compelling reason for professionals to seek an MBA is inextricably linked to the first. As businesswomen and men work their way up the corporate ladder, they must develop new abilities to match their increasing responsibilities. MBA programmes today include courses on sustainable business strategy, organizational behavior, and change management development to help executives become better leaders.

According to the QS survey, more than 40 per cent of respondents chose to get an MBA to improve their soft skills in communication, interpersonal connections, and leadership. Furthermore, based on the survey, the top motivations for pursuing an MBA are intertwined. For many MBA applicants, their short-term goal is to develop new abilities that will improve their job chances and eventually lead them to leadership positions.

3. Helps you become a better manager and leader

It should come as no surprise that the majority of MBA candidates desire to advance their careers, with 42 per cent of survey respondents indicating that they want to better their professional chances. Moreover, nearly half of them—46.5 percent—plan to pursue leadership or general management positions after graduation.

It is critical to have competent leaders and managers who can not only plan strategically but also inspire and motivate their staff to perform well. Great leaders have a critical role in attracting and retaining top talent, which is vital to the organization’s success, especially in today’s tight labor markets.

You can improve your leadership and management talents by pursuing an MBA. Besides developing your leadership skills, you will also be able to develop other essential soft skills such as communication, critical thinking, problem-solving skills, and more. All of these will help you build your leadership capabilities and prepare you to become an effective leader in your organization.

4. Gain international exposure

Almost 40 per cent of respondents have indicated that acquiring foreign experience is a reason why they want to get an MBA. While this is less of a factor for MBA candidates in North America and Europe, it is the second most important factor for those in the Asia-Pacific area (45 per cent).

Students from locations with a high level of international expertise are clearly keen on getting real-world experience. As a result, many reputable business schools, such as Roehampton University London MBA, offer academic credit for their global leadership programme, which offers leadership talks, discussion, and C-level networking with professionals from over 35 nationalities across the world.

5. Expand your professional network

Another reason provided by respondents as to why they wished to pursue an MBA was to create a professional network. According to experts, up to 80 per cent of all jobs are filled through networking. Therefore, it comes as no surprise that MBA applicants want to connect with like-minded individuals.

Unlike other part-time MBA programmes in Singapore, the University of Roehampton MBA programme is 100 per cent coursework focused—featuring case studies and class discussions as core components of the curriculum. This allows students to learn from one another and be exposed to a variety of business methods, cultures, and perspectives. Students will not only learn from their peers, but also form long-lasting personal and professional bonds with one another, with the possibility of some of them becoming CEOs, partners, or company founders in the future.

6. Explore mid-career changes or entrepreneurship

Explore mid-career changes or entrepreneurship

Aventis Graduation in Singapore

The MBA credential can give graduates more options by allowing them to pursue alternative career paths. According to a 2020 report from the Graduate Management Admissions Council, as many as 25 per cent of MBA graduates have entrepreneurial aspirations, and 33 per cent plan to use their degree for a successful mid-career switch.

The University of Roehampton London MBA Singapore is now open for application!

The University of Roehampton London MBA Singapore is now open for application!

If you want to further your career, do check out the University of Roehampton London Master of Business Administration (MBA) programme. This part-time MBA in Singapore is designed for busy professionals and executives from across Asia, and it allows you to choose a consultancy project over a traditional dissertation.

This flagship MBA programme has over 21 intakes and an 8-year track record of successful track record in Singapore. Its suite of specialised Masters in Global Financial Management, Global HR Management, Global Marketing, and Digital Marketing are designed to help you accomplish some of the goals stated above.

Designed to be as flexible as possible to accommodate the hectic schedules of working professionals, students can complete their lessons on a modular basis—where you start and complete one module at a time. More importantly, it is conducted online via Zoom and all classes are recorded for easy revision for busy executives. You will develop the necessary skills, gain a competitive edge in the business world, network with professionals, and prepare for the changing business environment through our MBA classes.

For more information, please visit the MBA programme page or speak with our Senior Programme Advisors at 8358 8088 for more information. Alternatively, you can schedule a call back here.

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