Why MBA remains the hottest selling degree

IF you dream of becoming a middle level manager or a high flying CEO in the near future then enroll for a Master’s in Business Administration (MBA).

Thursday, January 03, 2013
Nyamosi Zachariah

IF you dream of becoming a middle level manager or a high flying CEO in the near future then enroll for a Master’s in Business Administration (MBA). The cross cutting advantage of the degree gives its holders an edge in almost all cadres of management in the public and private sector alike. One of the most important reasons behind the popularity of MBA degree programs is that they enable students to join organisations at a fairly high level. This means that after working for a few years, they usually earn a good salary. People without this degree may not get to the high paying positions until they have worked for decades.The options for MBA are; MBA (human resource management), MBA (finance), MBA (project management), MBA (strategic management) and MBA (marketing). The area of operations chosen by a student usually determines his or her career path. Students are advised to take up an area of specialisation according to their tastes and personality. For example, if a person is interested in dealing with people instead of the dry mathematical tasks of keeping financial records, they should opt for human resource management as their area of specialisation. If someone is interested in advertising he or she may opt for marketing, and so on. A good MBA degree program can change your life for the better, but a bad one will only cost a lot of money and you will not get anything in return.Whether you are a tiny canteen owner or a multinational company proprietor, you inevitably need management skills. The only difference between a canteen manager and a blue chip company manager is the complexity of the business operations and demands that will consequently call for byzantine planning and decisions. As all businesses shift to the corporate mode of functioning, the demand for management professionals is on the rise. MBA degree programs tailored to the needs of working professionals are also becoming popular.For six years running, the Internet giant, Google, has dominated the top of the list of prestigious MBA graduates employers in the US. They look for strong problem solvers and generalists who are able to navigate through ambiguity to make great Googlers.The other top employers in the US include MacKinsey & Company, Apple, Bain & Company, Boston Consulting Group and Amazon.com among others.Overall, the best jobs in the next few years appear to be in the lines of finance, marketing, and information technology with a Master’s degree in business administration preferable.Here in Rwanda it will cost you approximately Frw 3 million to bag the highly coveted MBA degree certificate from the universities operating locally.The National Electoral Commission of Rwanda Executive Secretary, Mr. Charles Munyaneza, is one of the top executives in the Rwandan government who hold an MBA.If you are interested in a high paying job in the corporate sector, sign up for a good MBA program and soon you’ll be laughing your way to the bank.