Committing to an MBA is no joke especially in terms of finances and time. There’s a reason they call it the ‘divorce course’. That being said, there’s an overwhelming number of reasons why it’s a good idea.
It is said that going to University after school is not to learn new skills but rather to learn about yourself. An MBA takes this concept to a new level by forcing you to work in groups for extended periods in a high-pressure environment. Combining this with some courses in leadership and personality profiling provides you with the opportunity to really confront your demons and find out how to unlock your true potential.
2. You’ll make great friends for life and the network is amazing.
Most people who study MBAs are A-type high performers, just like you so there’s a high probability that you’ll get on like a house on fire. From early morning beach runs to midday problem solving and evening festivities. A year or two of fun activities that will forge life-long friendships. Oh, and there’s a good chance most of these people will be successful which will likely come in pretty handy in 5-10 years’ time.
3. You’ll learn through a firehose and become better at everything.
Seriously, you will learn loads. Accounting, economics, finance, marketing, law, strategy, you name it. The business world will be completely demystified and you will be empowered to tackle the most complex of global business problems. Perhaps you won’t learn quite as much if you’ve studied business during undergrad but then you can use the opportunity to solidify your existing knowledge and spend more time building strong social connections or simply enjoying life.
4. You’ll likely rise to the upper echelons of the business world.
If you’re doing an MBA, you’re likely pretty ambitious so will likely be successful in something anyway. That drive combined with industry-leading business education will make you a formidable contributor in the Board room. It’s usually only a matter of time before people realise your potential and you rise to the top!
5. You’ll become more worldly and aware.
Armed with your new understanding of the world of economics and business, you will start being able to engage with most of the world’s most prominent topics. You will have a greater understanding of everything you subsequently encounter and develop new insights. If you have your sights set on becoming a global leader, an MBA is a good place to start.
6. You’ll go on cool adventures with your classmates.
MBAs aren’t just about work. The social element is strong and part of the overall experience. From long-weekend’s away in European countries to possibly climbing Kilimanjaro in Kenya, you will struggle to play this hard again. Yes, you could go on Contiki with a load of random people for a year or instead earn a world-class degree, get amazing contacts and still do a decent amount of travelling with an MBA.
7. You’ll get good at money – even if it’s just your personal finances.
You know, that thing we all work for. Money. Yes, there are good ways to manage it and not-so-good ways. Even if you do feel like acting irresponsible for a few more years, you will be armed with all the financial tools necessary to hopefully one day become financially free. Need I say more.
8. It will enable you to switch careers or move up a rung.
These are literally the 2 most cited reasons why people embark on an MBA. An MBA creates an inflection point in your career and allows you to rebrand to almost anything you want to be. The best way to do this is to do an internship during your degree. Those 3 months working as a temp Management Consultant are often your ticket into the industry. If you just want to become more senior in your existing organisation, with an MBA it is almost an inevitability.
9. It’s a great career break – time to gain some perspective on where you’re going.
In times past when strange things like a job-for-life still existed, some people used to say that 1 year out of work meant that you would just retire a year later. Nowadays, it’s probably the opposite. Taking time to craft the perfect career strategy may shave 5 years off your retirement age.
10. It’s loads of fun – literally the best year of most people’s lives.
Youth is wasted on the young. Like it was probably on you during your undergrad degree. An MBA gives you another go at the whole student thing. This time with more life experience, money and a class full of like-minded people. If your MBA isn’t the best year or two of your life, you’re definitely not doing it right!
If you’re already thinking about doing it then I say get on with it. YOLO. Our elders all tell us that you’ll only regret the things you didn’t do rather than did. True to form, I have yet to meet someone who regretted studying an MBA.
See you in class,
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Read next: Why You Should Avoid An MBA Like the Plague
*Cover photo by Marc Kleen on Unsplash