6 Reasons to pursue a management degree
The reasons to pursue management education are completely subjective. Some students aspire to start their career with a top level company and earn a lucrative salary package. Also, some of them opt for management education because they want to kick start their career with a top notch company at a lucrative salary package.
Every student has his own aims and motives. Let’s look at a few of the most common reasons for students to pursue a management degree.
- To grow in your career
Management degree holders are preferred over graduates by a majority of the companies. This is because the management students are very well trained and equipped before they step into the business world. The average annual package for such students is between 5 Lakhs-10 Lakhs. There is further growth after a few years of experience. Graduates aim to secure admission in a well-known management college for a good start and faster career growth.
- To broaden your horizons
For those who are looking out for new opportunities, a management degree can offer several paths. For instance, students from an engineering background choose to go for management education because they don’t aim to work in the technical domain. The MBA or PGDM course can also have significant benefits for students looking to start their own businesses. They learn the concepts of management during the two years in a management institute, which saves the hard work later.
- To gain knowledge
For those students who have a very strong background in once specific area, an MBA/PGDM degree allows them to diversify their skills and learn the other aspects of business. Most management programs have common subjects in the first year. For example, students with finance specialization learn about operations, human resources and many other disciplines. For those students interested in learning and exploring, this can be a crucial motivating factor.
- To earn a higher salary package
Salary package for management degree holders is higher than graduates. According to payscale.com, the average salary for an entry-level graduate is 2-3 lakh p.a. On the other hand, the salary package for a management graduate even from a 2-tier management college is 4-5 lakh p.a.
- To explore the opportunities overseas
Management graduates not only get opportunities in India, but also overseas. Many colleges provide the students with practical learning and global exposure as a part of the curriculum. The students are familiar with the jargons as well as the nuances of the corporate world very early in their career. All this enables them to be effective global leaders.
- To grow personally
Management education is not just about theoretical concepts. It is about learning analytical thinking and decision making abilities. Students acquire leadership skills through various activities and events conducted during the course. They get a wide exposure. All these factors help in contributing to personal growth and results in their holistic development.
Apart from these, there are many factors that motivate people to earn a management degree. However, it is highly recommended that students understand their strengths and weaknesses and choose the right specialization and institution before they enroll in a management program.