After engineering+MBA, it's double MBA

If you think MBA is all you need, think twice as double MBA is the new success mantra for the new professionals. Recent reports indicate that double MBA is fast becoming a popular profile as organisations are preferring candidates with double degrees.

Most of the candidates who are considering this option are pursuing it from renowned foreign universities. Moid Mohammed after pursuing his MBA from IIM-L has been working in the field of management consulting at Pricewaterhouse Coopers and corporate strategy at Dubai Holding. Five years down the line he wishes to move towards his goal of strategy consulting which would have been tougher without a second MBA degree from Columbia Business School. Apparently, a second MBA helps candidates to keep up with the latest trends while giving the necessary push to their careers. Few main reasons for this rising trend are as follows:

Networking

Networking plays a crucial role in the corporate world. Most of the people pursue another MBA degree as it helps to gain more contacts in their field and the y can get better opportunities.

International Exposure

It provides the necessary exposure to global markets and they can strike international deals easily.

Keeping up with the trends

After few years of working, you may lose touch with new trends, which are very crucial to be successful. With newer students entering the corporate word, it's essential for the candidates to keep up with the newer generations.

Career Change

Another motivating factor behind a second MBA, is the change of the career path. A degree in that field makes it much easier as you don't have to start from the basics. Besides, an array of opportunities open up for the candidates.

But before you take a plunge, check your pockets as earning an MBA degree from a reputed institute could mean a substantial money spent. Pursuing a regular degree is advisable as it is a long term investment that will reap better gains over time. While a MBA from an eminent Indian university will cost a student somewhere within Rs 7.5-14 lakh, a London business school degree can cost as high as Rs.45.8 Lakhs. Read More...

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