The benefits to studying an MBA in South Africa.
Some of the most successful business professionals in South Africa have undergone the challenge of completing an MBA. To industry executives, an MBA is associated with employees that have valuable experience in a range of different business management areas and an ongoing focus of both the local and global market.
Learning important aspects of business from strategy to communications and leadership demands an institution with history and credibility. REGENT BUSINESS SCHOOL offers an MBA benchmarked against international business standards to help you function in versatile economic environments. Before diving deeper, it is important to understand the fundamentals of this globally recognised qualification.
What is an MBA?
The Master of Business Administration (MBA) is a graduate degree for those looking to hone their skills in a business career. Students that apply to MBA programs are required to have already acquired a bachelor’s degree, honours or equivalent, although not necessarily in the same field. An MBA course is regarded as one of the most prestigious and challenging items in a business student’s career toolbox.
This course introduces students to relevant business topics such as operations management, accounting, human resources, finance, and strategic marketing. Because of the prestige associated with MBAs, these qualifications are known to pave the way to top managerial positions within large or multinational corporations while still being relevant to smaller, progressive companies as well as entrepreneurs. Below are just a few reasons to consider taking on the challenge of completing an MBA:
Develop Advanced Management Skills
Many MBA applicants are usually young professionals early on in their career. That being said, even senior employees that are up to the challenge send in their applications. Studying an MBA is a great way to shake things up as it takes students out of their comfort zone. MBA students are challenged to apply tools and techniques to improve themselves, their business, and the collaboration of their teams.
Change is an unavoidable reality, and this qualification explores the latest business trends to keep your finger on the pulse. Those looking to shift careers soon find out that the industry evolves in unexpected ways, meaning the skills that you develop during an MBA to adapt to new direction are invaluable. You will be able to identify new business opportunities in the changing economy while others try to simply deal with the environment passively.
Building a Large Business Network
MBA students land themselves in a sea of great networking opportunities. From interacting with fellow students and building connections to interacting with professors that boast an abundance of business management experience.
The connections you make through the REGENT Connect alumni network of REGENT BUSINESS SCHOOL, will provide you with a solid overview of the industry, making sure that you are ready to apply deep understanding to changes in the business environment and adapt to them quickly.
Networking starts conversations around current business issues and global events, teaching you to always reflect on them in relation to your position and establish what opportunities they may bring.
MBA Salaries are Among the Highest on the Job Market
Throughout the numerous benefits of an MBA qualification, job security and high salaries are two of the most important. Statistically, the average income for a graduate with an MBA qualification is significantly higher than that of an employee without one. Expect many positions to offer up to twice as much as what an employee would earn with a standard university degree.
MBAs are also popular because of their versatility. If you were wondering what career options are available for new graduates, there are various areas of specialisations that can be entered, some of which include positions as a market research analyst, HR manager, business operations manager, higher executive role etc. In an article from BusinessTech, the average earnings of MBA holders in the country came in at R718, 000 with CEO positions ranging up to R3 million.
REGENT BUSINESS SCHOOL’s MBA programme is 1.5 years, covering a curriculum that aims to develop a student’s intellectual ability, executive personality, and managerial skills through an appropriate blending of business and multi-disciplinary education. An MBA is the world’s most recognised management and education qualification, sought after in the corporate world for most high-level management positions.