How an MBA Can Get You Career Ready
In the past, a bachelor’s degree in business administration would have been sufficient for workers seeking to advance in the business world. But as the industry expanded and became more sophisticated, individuals found that obtaining a master’s degree in business administration (MBA) was necessary if one wanted a career full of success, innovation, and advancement.
Acquiring an MBA provides individuals with an extensive background of knowledge in major business areas, which helps managers and leaders expand their overall skill level. Some of these key areas include the science of management, understanding organizational behavior, expanding leadership qualities, and honing and developing entrepreneurial skills.
Learning Science of Management
To the uninitiated, management may seem like nothing but a vague duty. But to those attuned to the business world, management is a skilled science which thus requires an increasingly important knowledge base of its fundamental components. Some of the most important of these components include building relationships, inspiring team-work, elevating performance, and understanding and managing various personalities.
Of the components mentioned, understanding how to properly manage personalities might be one of the most important traits that a manager can develop while obtaining an MBA. For example, great managers will need to possess an intellectual and emotional based understanding of their employees if they want their team to perform in an efficient fashion. They will also need to be able to identify emotions and stress, and thus respond accordingly.
For instance, if an employee is stressed or arguing with a co-worker, managers should be able to resolve the problem before there is a hindrance that could impact overall performance levels. Learning how to do such is, in fact, a delicate science with methodologies that transcend far beyond merely telling people to “stop” or “get back to work.”
Developing a Proper Understanding of Organizational Behavior
In the same way that an MBA can aid in the understanding of individual behavior, individuals can also develop a more in-depth problem solving strategies. In particular, an MBA can aid in the comprehension of the various factors that affect performance, inspiring positive employee interactions, as well as the pros and cons of various management styles.
These traits all have major impacts on the way that teams and organizations run, both internally and externally. For example, managers who have received MBA-level training will be able to connect various management styles with congruous personalities and behaviors. Therefore, managers will develop a basis for knowing how to motivate teams regardless of where individual members are on the personality spectrum. Furthermore, individuals could also develop an understanding of how to manage various numbers of employees, for, as one might assume, managing a group of four can at times require a vastly different skill set than managing a team of fifty.
Although many individuals may consider themselves leaders, there is a major difference between possessing leadership qualities and actually leading a team or company. Michael Watkins, a professor at Harvard Business School, interviewed over 40 high-level executives and managers to uncover why many struggles with this transition. What he found is that there are essentially seven key transitions to becoming a successful leader, which include moving from:
• Specialist to generalist
• Analyst to integrator
• Tactician to strategist
• Bricklayer to architect
• Problem solver to agenda setter
• Warrior to diplomat
• Supporting cast member to lead role (Harvard Business Review)
Another essential element of great leadership is confidence. By acquiring an MBA, individuals will be assured that they have received a top-tier education in all of the most recent and innovative niches of business administration. Individuals can then implement this knowledge into the workplace where they will naturally become the leaders or go-to members of their team due to not only their extensive knowledge or experience but also their confidence of having been educated by some of the top business minds in the field.
While obtaining an MBA, individuals may very well interact with former, current, or future entrepreneurs. Through this interaction, students can gain direct insight into the current entrepreneurial culture, as well as build from the past experiences of their colleagues and teachers. This sort of experience is crucial for career development, for, through their MBA community, students will be able to build networks of contacts, as well as develop their own entrepreneurial skills. Quite often, students who had not considered themselves to be entrepreneurial-minded find that fit in quite nicely within this burgeoning industry.
As a whole, obtaining an MBA offers you an unparalleled opportunity to become career ready. Whether it is learning the science of management, furthering your understanding of organizational behavior, or expanding your leadership and entrepreneurial skills, obtaining an MBA can provide you with the skills needed to not only survive but thrive in the 21st-century business world.
Hear From Our Rutgers Professors
“The MBA program offers many opportunities for self-assessment and continuous improvement provided that the student is willing to take an objective, introspective look. The student is encouraged to engage in this self-examination and gain feedback from professors and peers in the program.”
– Samuel Rabinowitz, Professor at Rutgers University
A Rutgers Masters of Business Administration online prepares you with the professional expertise to deliver results, positively impact outcomes in today’s increasingly complex global business landscape and further define yourself as a leader in the business world.