Why Get An MBA?

Whether you are a new graduate looking for a way to climb the corporate ladder, or an experienced professional looking to improve your career prospects, an MBA has definitely crossed your mind. However, given the required financial investment and the demanding entry requirements, you may be wondering if this is truly a worthwhile course of action. While the decision to apply to an MBA program is a personal one, it is a genuinely beneficial experience which will not only turbocharge your career prospects but can benefit your personal life as well.

Below are just a few of the many benefits of pursuing an MBA program:

Career Enhancement

Whether you are looking for a higher salary or better career opportunities, an MBA can help you with your goals. An MBA graduate is generally compensated significantly higher than individuals with other degrees. Sometimes this can be more than double what is paid to those with an ‘ordinary’ degree.

Furthermore, an MBA covers multiple areas such as Human Resources, Technology, Economics and Finance. This stands an MBA graduate in good stead to pursue careers in multiple business sectors and capacities.

Networking Potential

An MBA provides a great platform to meet and work with a diverse group of people with all sorts of skills and backgrounds. This includes faculty, fellow students, recruiters, key note speakers and business people. The people you meet during your MBA can translate into both promising job opportunities in the future as well as great business partners should you choose to go that route.

Personal Growth

A MBA program will force you out of your comfort zone. You will have to continually challenge yourself and further develop your skills in areas such as communication, strategic thinking and even creativity as these skills are vital to success in the new economy. You will also inevitably enhance your knowledge through the coursework.

The Relevance of an MBA to the Indonesian Market

Indonesia is an emerging market with great opportunities to be had for those who know how to capitalize on them.

In recent years, Indonesia has seen an influx of Multinational companies racing to invest in the country. However, the education system in the country has been unable to keep up with the increased need for highly qualified personnel. Thus, the Indonesian job market is currently facing skills shortage at the mid to senior level and this has resulted in an overheated job market. A large percentage of Indonesian CEOs interviewed by Castle Asia indicate that they face a shortage of highly qualified staff in the fields of HR, Finance and other areas. To compensate for this, top employers are offering very attractive salary packages to individuals with these skills to entice them to join.

Furthermore, Indonesia is home to a booming startup ecosystem. Investment in the ecosystem has risen from US$44 million in 2012 to US$3 billion in 2017. In the past few years, Indonesia has seen the rise of unicorns such as Go-Jek and Traveloka. Founders of many of these startups are not only MBA trained themselves, but regularly hire MBA graduates to stay competitive.

The skills and education an MBA affords you will allow you to take advantage of the opportunities in this current climate, whether your interests lie in building your career as a working professional or as an entrepreneur.

Options for Pursuing Your MBA

As the Indonesian education industry is still developing, options for pursuing your MBA at home are limited and fiercely competitive. However, there are multiple top class options available should you choose to pursue your MBA as an international student in nearby sunny Singapore.

PSB Academy, known as “The Future Academy”, is the island states provider of the largest MBA programmes as awarded by the Singapore Business Review Business Ranking Awards 2018. This is no mean feat considering the highly mature and competitive education market which it serves. PSB Academy offers several MBA programmes from the University of Wollongong, University of Newcastle in Australia, and from Nottingham University, Hull University and Coventry University in the UK. The number of partners and range of postgraduate options it has will allow you to choose a programme that is suited to your interests and needs.

Furthermore, with recent significant investment into its campuses to give students a future-orientated and productivity-relevant education and value added postgraduate education activities such as industry visits, guest lectures and overseas study tours, PSB Academy goes the extra mile to maximise the students' learning experience and prepare them to become Future Makers who are active contributors to society.

You can learn more about the MBA programmes offered by PSB Academy here.