If you have recently graduated from college and want to take your education further, or have been working for some time and have decided that a post-graduate qualification is a way forward for you, then you might be considering studying for an MBA. You probably know about a general MBA, or masters of business administration degree, but not many people know that there are more specific and unique specialized MBA programs available at reputable colleges today.
With an increase in the variety of businesses and profession options in today’s modern business environment, there is now a need for more specific MBA programs aimed at individuals who wish to gain skills and expertise for a very specific industry. Here are some reasons to consider a specialized MBA.
Reason #1. Tailor Your Expertise
If you are already experienced or knowledgeable in a certain field or industry, then a specialized MBA can give you the opportunity to tailor your expertise more specifically to the field in which you wish to work. For example, if you are hoping to take on a managerial career in the field of sports, then you may have a higher chance of being selected if you have completed a relevant MBA, such as a sports management graduate degree, which will give you the chance to apply what you learn from studying an MBA to a sports-specific industry, such as football management.
Reason #2. Improved Employability
If you have high hopes of being employed in a certain industry, then completing a specialized MBA program in that field could increase your chances of landing the job that you want. Recent trends show that a wide range of employers are more likely to value candidates who have attained a specialized MBA degree, rather than a general management MBA. In general, many employers today share the view that a candidate with a specialized MBA qualification indicates that they are particularly well-trained and educated in a certain area of expertise, whether that is HR management, marketing, finance, supply chain management, health management, or even wine marketing and management.
Reason #3. Faster Career Progression
If you know that you want to work in a specific career, for example, managing a sports team, then studying for a specialized MBA program could be one of the best ways to reach your career goals more quickly. For example, if you study for a general management MBA but wish to work in a sports-orientated career, then you may need to spend some more time gaining relevant qualifications and/or experience. On the other hand, a specialized MBA degree program in the industry that you wish to work in will combine the two, allowing you to get on your desired career ladder as soon as possible. Since networking and meeting with industry professionals are also a huge part of studying for an MBA program, there will also be opportunities for you to collaborate with influential people in your chosen field.
Which MBA specialization would be your first choice of study area? Let us know in the comments.