How to answer the Why MBA essay and interview question
Whether you are tackling the Why MBA essay in business school applications or simply introspecting, it’s a question that confuses even the experienced and intelligent ones.
There are so many diverse perspectives on whether you should go for an MBA or not. The ‘Why MBA’ essay question figures in some form or another in almost all business school application. Here are some common reasons to pursue an MBA degree.
1. Brand building
Some of the b-schools have a strong brand name. This might be because of the success of the program to have consistently maintained high standards.
The program might be one of the oldest and hence might have evolved in several ways which might mean better training material, good faculty, better placement opportunities and strong networking ties within the industry.
The achievements of the alumni also go a long way in building up a b-school’s reputation.
Association with these brands can pave the way to various opportunities and can be a key to a successful and rewarding career.
Read these articles:
– Is university prestige and brand really important?
– How MBA alumni from these top-brand bschools are making millions of dollars.
– Low ranking MBA programs: Accept or reject?
2. Better job prospects
A vast majority seem to choose an MBA program over other post-graduate courses. The scope of topics covered during an MBA provides the opportunity to know about a wide variety of subjects catering to the various aspects of business structure and administration.
It imparts guidance on the right methodology and approach in handling various corporate situations. Thus an MBA can be a useful degree to move up the corporate ladder.
Again, a person who’s been in a particular profession for several years and now wishes to take up a management position in the same field can do so through an MBA. This would also equate to a better pay package.
An MBA graduate from a good university can have an upper hand with recruiters giving them preference for excellent job openings throughout their career.
– Average MBA starting salary in USA, India and across the world.
– Average MBA salaries after 10 – 20 years
3. Career change
In today’s competitive corporate world, a person has a tough time managing schedules, deadlines at workplace or business.
After a few years of being employed or self-employed, a person may experience burnout and may long for a well-deserved break to introspect and decide the future course his career-path should take.
An MBA provides the right platform for this decision-making process and helps choose from a range of post-MBA career options.
Read these career change articles:
– McKinsey Strategy Consulting to an Investment Banking career
– Career change options after MBA for software engineers
– Career change after MBA (video)
4. Management skills
An MBA degree not only equips the student to become better managers or entrepreneurs but also imparts soft skills including leadership qualities, teamwork, the spirit to take risks, experiment and adapt to new cultures, places or situations.
The extensive range of subjects that an MBA student covers during his course facilitates a new outlook and imparts a broader perspective of the business or corporate world.
– What skills do hiring companies look for in MBA graduates?
– Types of management skills.
– Why and how to get into Berkeley Haas MBA when you’re already earning $125,000
An international MBA program has a lot of diversity in terms of students coming in from various cultural backgrounds and nationalities.
This huge mix of students would mean developing contacts in each of these countries. During various social meets, the student gets ample opportunities to develop contacts with alumni and students pursuing other courses as well.
There are also various guest lectures by successful entrepreneurs, CEO’s so that they can share their success stories. At times students also get a chance to interact with them.
The kind of reach that an MBA offers in terms of networking scope is unmatched.
Read more on how the top MBA alumni networks work.
The counter view to the ‘Why MBA’ question?
An MBA degree is not worth it for everyone, specially when it’s done for the wrong reasons and at the wrong time.
Read this inspiring story of an IIT-ian who dropped out of a top MBA and Are MBAs really arrogant, worthless, and overpaid?.
Test your ‘Why MBA’ rationale
Just knowing about the top answers to the Why MBA question isn’t enough. The bigger question is this.
Do you have a strong reason and a competitive profile to pursue a top MBA?
Before you jump into neck deep debt, take a step back to evaluate whether going for a top MBA will be a good decision for you.
We’ve helped many applicants test their profiles and strengthen not only their ‘Why MBA’ answer, but also tackle the other related and equally important questions that’ll come up sooner or later i.e. why MBA now, what after MBA, why business schools should accept you (and not your competitors).
We do this using our innovative and highly popular tool called the MBA MAP. Check it out and get in touch with us if you are serious about getting into an elite business school.
Need some professional help in addressing the Why MBA essay and interview question, drop us an email: info [at] mbacrystalball [dot] com.
And don’t forget to read Beyond The MBA Hype to understand what you can expect in your MBA journey.