You already know that an MBA can jumpstart your career path into management and increase your salary expectations by enormous margins. However, you may be asking yourself whether or not you’ve got what it takes to earn a Master of Business Administration, or if you will truly benefit from one. At the end of the day, only you can decide which path is best for you, but these are three signs that you should seriously consider a one year MBA.
#1 You Have a Plan
You’ve already spent several years working in business and you know where you want to go. You see yourself in an executive role down the road, and you’re already debating specializations. A variety of specializations are offered like finance, supply chain, accounting, and others. If you’re not ready to leave your job to pursue an education, schools like Wilfrid Laurier University offer part time MBA programs in downtown Toronto that cater to working professionals.
What if you don’t have a clear vision of your career path ahead? You may need to take the time to get real world business experience before you can envision yourself in a particular industry or role. Many people who have experience in the corporate world, but feel as though they belong on a different path, also use their degree to change careers.
What if you don’t have the experience and you want to start right out of your undergraduate degree? It is possible, but you are going to have to find a way to prove yourself to employers. Degrees like Laurier’s Coop MBA in Waterloo are designed to help candidates connect to employers and turn their degrees into careers.
#2 You’re a Natural Leader
If you’ve always gravitated toward leadership positions, an advanced degree can place you in the kinds of roles where you’re bound to thrive. A Master of Business Administration is a practical degree that will teach you the fundamentals of management. A specialization can give you deeper insight into a specific area, on top of the fundamentals of general management. Leadership types will also want to consider taking people-oriented courses to develop their soft skills. As advanced degrees become more common, it’s the individuals who excel in communications and people skills that really distinguish themselves in the real world.
#3 You’re an Entrepreneur
If you’re an entrepreneur, you should consider the option of doing your MBA program in Toronto especially as it uniquely places you at Canada’s business and commerce epicentre. Getting your idea off the ground isn’t going to be easy, but by doing your degree in Toronto you canearn an MBA and find the kind of mentorship and support you need to make your dream take flight. They have designed a program in which entrepreneurs can earn their degree and start their business, with a focus on practical business skills. In addition to opportunities to find funding, many candidates starting their own enterprises also wind up working at the Communitech Hub, an incubator founded by leaders in the Kitchener-Waterloo tech triangle.If you’re a leader, an entrepreneur, or if you simply have a plan for your future career, it’s time to start researching MBA programs that will benefit you.