Why is MBA necessary?
Master of business administration (MBA) can generate a smaller percent of successful officers and business leaders than the great business legendary personalities who do not have MBA. The necessity of management education is not easy to measure and evaluate. The ability to analyze and develop the concepts constitutes management. These concepts can be developed by anyone through self-learning. Self-learning is possible when a person strictly follows certain academic rules in his life. There are business management graduates who have excelled in their businesses and there are also people who are carrying out large businesses without MBA degree.
MBA will leverage the graduate student to search for new job and new salary. MBA can implement a balancing attitude in the student between work and life. According to a study, the temporary recruitment for accounting and finance professionals, who responded to the survey, revealed that graduate degree in business is very significant to attain higher or senior positions in the company.
The famous personality in business management, Peter Drucker was not a management graduate. He learnt the business thoughts from the observation of business practically as analyst and researcher. The principles of management which he has composed were taught to the people in management schools. The knowledge gained by MBA will be an added advantage to the employees in other discipline who like to aspire for the higher positions.
There is necessity for a person about to enter a new organization to have MBA degree. This degree will give the person an insight into the organizational structure. MBA also fills the required skills in him which helps him to perform good work in the organization. The person skilled in any of the fields like finance, human resource or marketing management skills will be an advantage to him. Knowledge of MBA will enable the employee to better understand the intricacies of the current role and responsibility of the job he is executing.