Does an MBA Make You a Better Entrepreneur?

Everyone knows that MBA is an excellent choice for higher studies, especially when you want to apply for managerial positions in the top corporates. It looks good on the resume, and there is a huge demand for “MBA-preferred” candidates too. However, does getting an MBA degree also help you become a better entrepreneur?

Let’s take a look at the main advantages of enrolling in an MBA program first:

Career Advancement

One of the most common reasons why people get an MBA degree is to give a boost to their career. This is because it allows you to get higher salaries and even help transition to new industries.

Networking

If you are studying MBA from a prestigious institute such as an IIM or a foreign university like Oxford or Stanford, you get a chance to meet some of the most innovative and creative people. The students here are often the future entrepreneurs and trailblazers. Thus, you get to learn from them and share ideas which may even open doors of new opportunities.

Learning

Despite all the myths and misconceptions surrounding MBA, it’s actually an excellent program for anyone who wants to gain in-depth knowledge about management and business. Plus, you also get some real-world experience through assorted projects and workshops.

Can an MBA help You Become a Better Entrepreneur?

There is no correct answer to this question. In fact, a lot of successful entrepreneurs will simply scoff at the idea of getting an MBA degree. After all, if you look at some of the iconic entrepreneurs such as Bill Gates, Mark Zuckerberg, Steve Jobs, etc., they didn’t even finish college. That said, an MBA program may actually be quite helpful to some people.

For instance, if someone has been teaching chemistry at a school for 5 years, or someone who spent many years getting their Ph.D. now wants to get into entrepreneurship, then an MBA course can be a good gateway for them to enter into the business side of the industry.

Photo on Visualhunt.com