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Monday, November 14, 2022

Benefits of MBAs

 1. Ability to think and make decisions on your own


You can learn management theory and frameworks in an MBA, but that's not all. The essence of the ability acquired by obtaining an MBA is the ability to think and make decisions on one's own to solve complex problems that arise in business. Even in an era of drastic changes in the business environment, it is necessary to "deliver the optimal solution to a question that has no correct answer" in order to continue to produce results. What is necessary to derive the optimal solution is "the ability to think thoroughly and make decisions on your own, with only limited information."


In the MBA, through cases (company case studies), students will learn how to think about solutions to complex business problems from the standpoint of a manager and have active discussions with other working students and repeat hypothesis testing. do the training. By repeating these steps, you will acquire the "thinking ability to derive the optimal solution" and "the ability to make decisions with limited information." These powers can never be learned just by reading books or watching videos. One of the benefits of obtaining an MBA is the ability to hone these skills.


Also, in order to hone these skills, it is necessary to choose a business school that has many faculty members who have advanced facilitation skills and can skillfully lead discussions. In addition, it is also important to determine whether there are many highly motivated students who actively participate in discussions. By repeating discussions with such teachers and students and polishing their thinking skills, they gain confidence in their own decision-making.


2.Companies who are rich in diversity and who can work hard throughout their lives


Another advantage of obtaining an MBA is the ability to build a diverse human network. At business schools, you can meet businesspeople with a wide range of experiences and careers, from young people to business executives, regardless of gender, age, industry, or occupation. This MBA-specific network extends not only to current students, but also to the alumni community, and you will be able to make many diverse friends with whom you can work hard throughout your life.


In MBA classes, through discussions with a wide variety of working people, you will come into contact with values ​​that are different from your own, and you will gain a broader perspective, a heightened perspective, and a depth of thought that you can never reach by thinking alone. And most of all, by joining a community of friends who have a positive desire to change themselves and take on new challenges, you will receive various stimuli and accelerate your growth.


In addition, in order to enjoy the benefits of a community such as those mentioned above, choose a business school that has staff who fully support students' independent efforts and academic events, and has various mechanisms for building networks. is important. In addition, the greater the number of current students and alumni, the greater the diversity of the network. Studying at a business school, where you have the opportunity to meet "lifelong friends," will not only lead to better results at work but will also make your life richer and more fulfilling.


3. Axis of life: "What do you work for and what do you live for?"


Many MBA students are asked the following questions: "What do you want to achieve in life? What are you studying for?" You will face each other. One of the merits of acquiring an MBA is that it gives you the opportunity to reconsider, "What is the axis of your life?"


In the future, the evolution of technology will change the way we work, and as people live longer and reach the age of 100, the values ​​of work and life will also change significantly. As in the past, fewer and fewer people follow a parallel career, such as working at the same company for a long time until retirement and reaching retirement age in their 60s. The time has come to choose a way of life that suits you. By studying at an MBA, you will have the opportunity to repeatedly reflect and find your own way of life through discussions with colleagues who have diverse values ​​and careers.


When thinking about one's own way of life, there are businesspeople and teachers who have high aspirations, there are subjects to refine their aspirations through dialogue, and they are active in various fields and become role models. It is important to choose a business school where you have access to leaders. One of the merits of obtaining an MBA is that you can get a lot of inspiration from people you don't meet at work and get a life axis that allows you to live your own way.


4.Company evaluation of MBA acquisition


The evaluation that graduates can obtain by obtaining an MBA varies depending on the country and company. An important point to keep in mind regarding MBA evaluations is that just having an MBA does not necessarily lead to an increase in personnel evaluation or annual income. As a result of using what you learned in the process of obtaining an MBA and the personal connections you have in your work, and achieving results, it will lead to promotions and salary increases.


For reference, here are the results of a questionnaire survey (2022) of graduates of the GLOBIS Graduate School of Management. 93.2% of all respondents had positive changes in terms of treatment and career. Not only in terms of income, but there are also conspicuous comments that they have achieved special results in their work, have been promoted or transferred as desired. In addition, 92.0% of the graduates answered that they were "leading to higher evaluation inside and outside the company", and 90.7% answered that they are responsible for "creation and innovation" or "a position close to management". Acquiring an MBA will increase your reputation in the company you belong to and in the career change market, and as a result, you can say that you are playing the role of a managerial talent and leader.


To reiterate, the MBA acquisition itself does not lead to an increase in reputation or annual income. As a result of achieving results by utilizing the learning and personal connections acquired in the process of acquiring an MBA in business, it has led to an increase in evaluation from companies. This point should be kept in mind when considering the current evaluation of MBA in Japan. By the way, 93.2% of GLOBIS graduates responded that they have used the human network they gained at GLOBIS. Whether you can acquire practical learning and personal connections is an important decision axis when choosing a business school.


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