Should I do an MBA 2
FAQ: Does an MBA make sense?
The MBA is interesting for many, but not useful for everyone
Those interested in an MBA often hope to advance to upper management with an MBA. That is clearly the wrong expectation. Just because you have a title in your pocket doesn't mean you get promoted automatically. You should also have personal qualities and be employed in an industry or company that appreciates an MBA.
You should ask yourself these questions in order to assess how useful the MBA is:
1.) Has my goal been defined?
An MBA is particularly useful for two target groups: Career changer and career booster. So there must be a clear goal behind the desire for further training. Career changers want to get out of their previous industry or the job with their employer and prepare for this big step with an MBA. Career boosters have already made careers and would like to use the title to underpin their claim to management positions.
2.) What do I expect?
It is only because of the drive “MBA = more salary” that you should not start your studies. Because just the title will hardly change your payroll. You have to prove your claim with the know-how you have learned in the MBA, but above all with action.
And: The MBA degree alone does not open any doors. Rather, it is the contacts with fellow students and recruiters on site that enable new (professional) opportunities. Hardly anywhere else will you get to know a lot of interesting people and projects in a short space of time. If you do it right, you build a network that will last a lifetime.
3.) What can my professional environment expect?
You are a career booster, but you do not know whether an MBA is even recognized as a suitable measure for professional advancement in your company? Find out! In the case of small companies, the “MBA effect” is primarily related to whether the boss (and possibly the HR department) assesses the degree positively and considers it useful. This consideration can drag on to medium-sized companies. Large corporations know the value of an MBA.
4.) What do I dare to do?
An MBA only makes sense if you are sure that you will pull it off. There are always uncertainties, but you should keep them as small as possible. An MBA distance learning is, for example, a very flexible form of learning, but the majority of students overestimate their own motivational skills when they have to learn so much on their own. And are you stress-resistant and focused on one goal? The MBA course brings a lot of stress over 1-2 years with itself and requires organizational skills, as job, study and private life have to be balanced.
5.) Can I manage the financing?
This point is not quite as crucial, but of course it is also important. Do you have the opportunity to finance the tens of thousands of euros in tuition fees and additional costs? A narrow-gauge MBA that is as cheap as possible may not get you anywhere. If you have already decided on this degree, it should not fail because of the funding.
Alternative to the MBA: the Mini MBA
For those who decide against an MBA for time, cost or other reasons, the Mini MBA offers the opportunity to acquire basic management knowledge in a short course leading to a certificate.
And what do graduates say?
Numerous graduates have also told us in our field reports whether an MBA makes sense. An excerpt:
Peter, Deputy Director at an investment management company in the real estate sector
“An MBA can be recommended to anyone who wants to develop further and is aiming for a recognized academic degree. Whether it is just about deepening your own knowledge or intending to change - further training is rarely advisable. However, the time and leisure for the course should be carefully weighed. It can quickly happen that an overload occurs. You should be clear about this in advance and discuss this with your employer.
Thomas F. Welter, attorney in a leading German patent and law firm in Munich
The MBA was worth it for me because it was a great experience and, in the end, I owe a large part of my current job in the area of law firm management to this additional qualification. I can use the content that I received with the MBA on a daily basis.
Alexander, team leader at an automotive supplier
The MBA has paid off for me because I got the position of product manager as a third-semester student. Later it was (in my personal estimation) a door opener for management positions with personnel responsibility.
Ralf, Marketing and Sales Manager at an IT consultancy
It is always worth learning something. However, I would warn against converting the value of the training into euros and cents. I have of course developed professionally over the past 6 years. However, I am unable to say whether this development is solely due to my studies.
Read more MBA testimonials
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