People undertake postgraduate study for lots of reasons – personal fulfilment and career advancement to name just a couple of them.
Some students can be put off by the cost of studying an MBA program, and this is where Prodigy Finance can step in. Prodigy Finance is a loans company that offers tailor-made funding for MBA students by assessing the students' future earning potential based on past achievements to determine your individual loan affordability. This makes it the ideal choice for MBA students – particularly as their earning potential can be so much more after successfully completing the course.
However, your future earning potential should not be the only reason to do an MBA – at the very least you need to have a keen interest in this field too. Here are our top six reasons to study an MBA program.
For many of us, networking feels like hard work, but if you undertake an MBA many of your fellow students will become your colleagues and contacts of the future. Add to that your lecturers and professors, the contacts you meet during internships and visiting professionals and you'll quickly develop a network of valuable contacts. With a little extra effort you'll meet alumni, like these ones from Cambridge University, who are keen to help those who are in a similar position that they once were.
Become your own boss
Many MBA courses, like this one at the University of Nottingham, contain a large portion devoted to developing and improving entrepreneurial skills, and some courses actually set aside time for students to work on their own projects. Use this time and the expertise of your professors and fellow students to your advantage and you might find that you graduate from your course with a brilliant business idea all ready to go. If you don't, then you will have developed the skills to recognise and act on a great business opportunity when you see one.
Undertaking an MBA is not just about your career and future earning potential, it's a great chance to challenge yourself and see what you can achieve. Many students consider an MBA after a number of years of working to reconcile their knowledge and skills and to prove to themselves and potential employers that they are able to operate at an excellent academic level. If you're thinking about studying an MBA program for predominantly academic reasons, then perhaps an online or distance learning MBA course might be for you.
Develop your career
For many students the purpose of undertaking an MBA program is all about the future – in terms of both career and earning potential. The skills you will gain in finding and undertaking internships during your MBA studies will help you to secure that first opportunity after you have graduated. Understanding yourself better and spending time analysing what your future plans will involve with people who are already where you want to be in five or 10 years will also help you on your way. Before you apply or accept a place on an MBA course it's a good idea to chat with someone who has experience of the industry that you want to move into to make sure you are making the right choice. And of course if your MBA does help you to advance your career – it is also likely to contribute to your future earning potential too!
Many MBA courses have a real international flavour to them and offer the chance to mix with a wide range of students from all over the world. If your future career plans involve working for an international corporation, then it will be very advantageous to gain knowledge of different languages and cultures. Many MBA courses are offered in English around the world and wherever you choose, international study offers lots of other opportunities to the students, for example the chance to learn another language and understand another culture, and it also allows you to grow and understand more about yourself as well.
Higher earning capacity
And last, but by no means least, an MBA program should increase your earning capacity!
Potential Salary Table by Country for MBA Graduates
Please note that the information here does not constitute financial advice. Prodigy Finance is one of many potential funding options for international postgraduate students. Other student funding options are available and Postgrad.com advises you to research all your options thoroughly before making such a commitment. Postgrad.com accepts no responsibility for your choice of loan and does not endorse or support Prodigy Finance. Prodigy Finance Ltd is authorised and regulated by the Financial Conduct Authority, and entered on the Financial Services Register under firm registration number 612713.