Why do an MBA?

MBAs are a popular choice for students looking to make an investment into their future careers.

Around one in seven students in the UK is studying some sort of business course according to the UK's higher education data collection organisation HESA, so you will be in good company if you decide to do an MBA no matter where you study.

And remember, if you need help funding your MBA program Prodigy Finance offers tailor-made loans 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. Two other major advantages of a Prodigy Finance loan are that no collaterol is needed and niether is a co-signer.

Let’s take a look at some of the reasons to study an MBA.

Career advancement

An MBA can help any career in a business or corporate environment to thrive as these courses give students the analytical skills and strategies to encourage the growth and development of most industries and companies. Learning to become a competent manager of people will help any career progress through a large organisation as people management techniques become more and more important the further up the career ladder you go. 

Personal fulfilment

Most MBA courses have an element of entrepreneurialism about them, whilst some MBA courses will concentrate on business ideas and how to start a successful business more than others, so do your research well to ensure you choose the course that suits your needs and interests. Gaining entrepreneurial skills will help with any career in any organisation in any industry as the ability to be self-reliant and self-motivated are both essential to entrepreneurs as well as high flying success managers. 

Investment in your future

The tuition fees for MBA courses can be high, but you have to consider this as an investment in your future. Many people pay for these courses with loans from private student loan companies, like the ones available from Prodigy Finance, who offer loans to students for undergraduate and postgraduate study. If your career or student experience takes you to another country, then you can continue to borrow money from Prodigy Finance to help with tuition fees and living costs as they operate globally. Since they are a financial institution that only lends to students, they can offer all sorts of support that other banks cannot. 

Opportunity to specialise

Many MBA programs offer the chance to focus your learning into specific areas of business administration or international management and other programs are aimed at those students just entering the workforce. Some programs are aimed at students who are currently working and are known as Executive MBAs These courses are usually studied on a part-time basis and the idea is that they will give you the skills to substantially accelerate your career. 

Earn more money

In many countries, those who complete an MBA can earn a higher salary and if you start up your own company after completing an MBA, then who knows what you could earn. The average salary for a recent MBA graduate in the USA is around $84,580, and for those graduating from the most prestigious Business Schools, this could be even more. 

Chance to network

Networking is vital during any postgraduate study, especially so for MBA students and MBA programs offer significant networking opportunities. In addition, they will have chances for you to improve on those networking techniques as well. 

PG business students in the UK

Here’s a table depicting the total number of taught postgraduate business students in the UK over the last few years.


Source

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. 

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