What is MBA? Why is studying MBA becoming a trend today?

If you sometimes wonder what an MBA stands for? MBA is the abbreviation of the Master of Business Administration (MBA) program, one of the most sought-after postgraduate programs in Vietnam and other countries around the world.

The MBA program is also accredited by leading accreditation organizations such as AMBA, AACSB, ACBSP, EQUIS, and IACBE, ensuring the quality of teaching, the expertise of lecturers and a high graduation rate.

MBA programs are equipped with core knowledge in the fields of Business, Marketing, Finance, Accounting, etc., and electives for your own purposes. Therefore, an MBA is not only a certificate for those who study Business, but also a stepping stone for those who pursue leadership careers in a variety of industries.

The Master of Business Administration program is usually for those who have at least 2 years of work experience and wish to hone more management knowledge and skills. In addition to MBA programs that require professional work experience, there are still international standard MBA programs specifically designed for young people with little work experience but with clear talents and development goals.

There are many people who choose to study MBA to find opportunities to advance in their jobs or pursue other industries and fields of work. Possessing an MBA degree also gives you a more attractive salary after graduation.

When it comes to the reasons why an MBA attracts international students, we often think of opportunities to add knowledge or advance in their careers. However, there are still many reasons why students choose to study MBA, such as:

3.1. Soft skills development

One of the advantages of MBA programs that few people know about lies in cultivating and developing soft skills. For the purpose of training future managers, fostering book knowledge is still not enough. MBA programs also help you gain practical experience and soft skills such as communication, problem-solving skills, integration or data analysis, and industry trends.

For more: Data Analytics: Industry Trends and Career Prospects

3.2. Leadership training

If your future goals are leadership or business management positions, an MBA will be an effective stepping stone to help you achieve your goals easily. In addition to the hard and soft skills mentioned above, MBA certificates prioritize equipping learners with leadership and management skills including:

Emotional intelligence skills: Helps leaders know how to manage their emotions, and recognize and observe the emotions of people around them.

Communication skills: Methods of effectively communicating the vision, goals, tasks, and ways of working to colleagues and subordinates.

Self-awareness: Be well aware of your leadership style so that you can cultivate and develop it over time.

Financial literacy: Learn how to make analyses and decisions based on available data that directly impacts the company's bottom line.

Adaptability: Effective leaders are those who are agile, flexible, and resilient in the face of changes and fluctuations in different situations.

3.3. Expand the relationship

Another factor that motivates people to study MBA programs also lies in networking. Networking has always played an important role in any field, especially those related to business.

When you take MBA courses, you can meet leading experts in the field who are involved in teaching. Through sharing and teamwork in class, this is the foundation for you to maintain quality relationships. Once you graduate and find a job, you will meet and connect with many professionals and managers in many different fields.

3.4. Promotion in work, income level

According to a report from the Financial Times, graduates from the world's top MBA programs have an improved income of at least 90% after completing their studies. If you're looking for opportunities to move up to higher-paying leadership positions, having an MBA is a crucial milestone in your career journey.

Depending on the school and program design, an MBA can last anywhere from 12 to 24 months. Basically, the MBA program is divided into basic categories such as:

An MBA is a program of study that is oriented towards management thinking as well as careers in the business field. This is the best option for students who have limited business experience (usually less than 3 years of experience) but want to be promoted quickly in their jobs as managers or enter the field of finance and corporate strategy.

Executive MBA (Executive Master of Business Administration): For individuals who need to develop a new mindset or vision from an expert perspective. This program is usually held on a part-time basis, for those who already understand the role of business management and have the goal of joining the board of directors (usually requires 10 years of experience).

Specialist MBA (Master of Business Administration): This program focuses intensively on each specific field or industry. This is a program suitable for those who have senior management experience and wish to deepen their understanding and improve their leadership skills in their chosen profession.

Distance learning MBA or online MBA (Master of Business Administration with distance learning): If you cannot study directly at the university, this will be a suitable option. You will be taught according to a clear lesson system, with absolute support from teachers and online resources, while ensuring the accumulation of knowledge and ensuring your work.

Many of you, when choosing MBA certificates, often wonder about "Where to study for MBA certification? Which MBA program should you choose?", here are the top study abroad destinations that are famous for quality MBA degrees:

• MBA Courses in Australia

• MBA Courses in the UK

• MBA Courses in New Zealand

• MBA Courses in the USA

• MBA Courses in Canada

In addition to a solid foundation in the field of business administration, MBA programs also equip learners with the necessary soft skills, thereby creating a stepping stone for you to take on high positions in your career. Those who are enrolled in the MBA program can take advantage of the program to exchange, meet, and build relationships to open up many opportunities for advancement in the future.

Confidently hunt for MBA scholarships with IDP!

IDP believes that the above information about the program as well as the teaching format will give you some confidence on the way to conquering the long road ahead. For more information about the MBA program and the available scholarships for this major, please contact IDP's study abroad consultant today.

To help you find the right school for your academic ability, attend IDP's Study Abroad Day and events throughout the year to meet directly with representatives of schools and review your application on the spot.

In addition to the consultation process on the right country and school for the study abroad process, IDP is ready to accompany you in finding scholarships to study abroad, preparing study abroad documents, applying for admission, and monitoring progress until you receive a confirmation letter from the school. In addition to the existing offices in cities, you can consult through an online IDP office and access all online services anywhere.

Contact IDP to start your study abroad consultation today!

FREE CONSULTATION

See more:

Study in Australia with a Master of Business Administration

Why study in the UK for a Master of Business Administration?

What major should I study abroad? Top industries that are easy to find a job in

Study Master's in Canada