Is MBA necessary to be a successful in business?

Is MBA necessary to be a successful in business?

Introduction

Education is not a key to success all the time but great ideas are. Having great ideas can separate people from rest of the world.

Management education is an academic discipline by which students are taught to be great business leaders, managers etc in business education.

In present scenario, with every student planning to get into MBA, people have started believing that MBA is necessary to succeed in business. But is it necessary to have a MBA background to be a success in business?

Yes – MBA is necessary.

1. Management of two P's – MBA is important because every successful business man in the country should manage both the product and people in an efficient manner. People those who do not possess any managerial skills, should take up MBA course to improve the knowledge of management.

2. Essential ingredient – Management education is necessary because management is considered to be the backbone of a business. To generate a creative idea, managerial skills are important. These skills can be imparted only while pursuing an MBA course. Today, most of the companies have people with a MBA background.

3. Inculcates professionalism – Management education or MBA is necessary as it inculcates professionalism within an employee. Having an MBA degree helps an employee to not only gain experience but also to complete the work efficiently, without making much mistakes. They learn to manage the business with the theoretical and practical knowledge. It trains you to excel in business without much loss.

4. Good job opportunity – The more education you have, the better career opportunities you meet. Having an MBA degree provides various good job opportunities to an employee. Most of the large business firms, hire people who have a strong background in MBA. Having a masters degree in business administration leads to successful career paths.

5. Decision process – MBA course trains a person to take a decision after considering all the factors. Having an MBA degree is an added advantage to the professionals as they can make the decision faster.

No – MBA is not necessary.

1. Need skills, not degree – To become a successful business man, a person needs skills rather than a degree. He should possess qualities such as good communication skills, sincerity, and good leadership. He / she should have inner ability, clear goals, strong confidence level and concurrent thoughts. Instilling these skills within oneself, is the best way to succeed in this field.

2. Practical Knowledge – Management is not about having bookish knowledge but about having the practical knowledge and how to apply it in our day to day working. It is all about managing ourselves in front of others. Thus, you do not have to waste money to get a MBA degree.

3. Proven in history – History proves that management education or MBA is not necessary to be successful in business. Michael Dell, the founder of Dell, did not have a MBA degree, yet he succeeded due to his great business instincts. People like Dhirubai Ambani, Ratan Tata etc became business tycoons without going through a management education.

Conclusion

Pursing an MBA degree or not is up to the choice of a person. Having an additional qualification is always a better option.

Having an MBA degree can be useful at some time in your career, if you are aspiring to be a successful business man. It is not just a piece of paper but it carries a lot of value and significance.

Today, most of the aspiring businesses people, pursue MBA as strong career support.