WHAT IS A MASTER OF BUSINESS ADMINISTRATION (MBA)? CAREER OPPORTUNITIES AFTER STUDYING MBA
MBA is a term that garners significant interest and inquiry nowadays. So, what does studying MBA entail? Are the career opportunities truly as ‘glorious’ as we’ve heard? Let’s explore with the Institute of Postgraduate Studies & Leadership.
1. What is an MBA and what does this program entail?
MBA, short for ‘Master of Business Administration,’ is an advanced education program designed for individuals seeking to enhance their knowledge and skills in business management. Alongside foundational knowledge, the program offers specialized tracks tailored to students’ career aspirations. Pursuing a path in graduate education provides students with access to a broader range of knowledge and expands opportunities for future careers. It is regarded as one of the most professional and widely recognized qualifications globally.
The MBA program comprises numerous essential courses such as:
- Leadership and Digital Transformation Strategy: Learn how to develop business strategies and leadership skills.
- Entrepreneurial Finance: Master the knowledge of corporate finance and financial resource management.
- Marketing Strategy in the Era of Transformation: Understand how to build effective marketing campaigns and engage with customers.
- Enterprise Resource Management System: Develop skills in managing and allocating enterprise resources optimally and efficiently.
- Human Resource Management Strategy and Organizational Behavior: Gain insights into human resource management and leadership within organizations.
- Risk Management: Learn how to predict and address issues that arise during business operations or project management.
Mr. Nguyen Ho Hoai Nam (MBA student, 12th cohort, Hoa Sen University) currently serves as the Head of Startup Services and Innovation at the High-Tech Business Incubator, Management Board of Ho Chi Minh City High-Tech Park, shares his learning experience: “The experiences in the MBA program at HSU have brought me immense value, particularly the connections with high-level executives from corporations and large enterprises such as Saigon Coop, Pharmacity, Kido Group, PNJ,… Through these connections, I have gained additional knowledge and practical experience in business management and operations, as well as fostering a mindset for innovation and creativity within enterprises.”
>> Explore the Master of Business Administration (MBA) program at Hoa Sen University.
2. The competitive advantage of pursuing an MBA
Increasing Income Potential: Mastering management knowledge and skills helps MBA degree holders earn higher incomes compared to bachelor’s degree holders. Their high efficiency at work and ability to adapt to global trends make them deserving of a substantial salary.
Developing Leadership and Management Skills: An MBA helps learners acquire the mindset of leaders and managers, enabling them to efficiently manage people and projects. Therefore, they can become managers or leaders in the future.
Adapting to Global Trends: MBA learners are provided with knowledge of management, leadership, and business analysis, giving them the ability to quickly adapt to economic and financial changes worldwide.
Enhancing Business Acumen: Pursuing an MBA is a step above standard bachelor’s programs, providing learners with deeper and broader knowledge of business and management. This equips them to make sound business decisions and develop sustainable enterprises.
3. Career Opportunities with an MBA Degree
MBA is considered a professional and essential degree in management and business. According to a survey at Hoa Sen University, approximately 95% of MBA students are satisfied with the career development resources they receive after graduation. It can be seen that the career development opportunities after graduation are very promising and extensive. Below are some positions you may be nominated for with an MBA degree:
- Business Analyst: The main task of a business analyst is to optimize capital and resource allocation in production, create a reasonable production schedule and cost-saving, efficiently manage the supply chain, and develop marketing and product consumption strategies.
- Business Consultant: Provide solutions and expertise to companies facing operational and managerial challenges. Aim to provide feasible proposals and long-term improvements. For this position, you can work independently with many companies.
- Project Manager: Oversee and implement projects as outlined. For example, the 2024 university admissions project, project management is responsible for monitoring plans, controlling the quality of activities, and deadlines for project completion. Also responsible for updating the progress of related parties to ensure that the project runs on schedule and achieves the set KPIs.
- Financial Director: Responsible for managing finances for the business. Develop financial strategies to increase profitability, solve financial problems for the operating department. Update financial status and global financial development trends for the business.
- Product Manager: The product manager coordinates financial, production, and marketing teams to create a product production and consumption cycle. They are responsible for planning product production under the budget allowed. They also collaborate with the marketing department to promote marketing strategies and determine the product’s outstanding advantages in the market.
MBA is an attractive choice for those looking to advance their careers and business management knowledge. You can choose a suitable place to study that aligns with your goals and then take advantage of the diverse career opportunities that an MBA offers. If you decide to pursue an MBA, carefully research schools and programs to ensure you make the most suitable choice.
