MBA(Mater of Business Administration) is known as an entry for successful career or the opportunity to get high value global network.
But this program does have so many other positive effects to personal life and make an impact to the way of thinking.
Even if we are in the tough time of the corona pandemic, the value and positive impact to personnel is still there, I believe.
Brain Power
The brain is like a muscle; the more you use it, the more effective it becomes. Going through an exhaustive program in addition to a full time job is not an easy task. As the classes go by, you realize the concepts become second nature and that you can easily dissect a case study. In the corporate world, time is money. Being able to synthesize large amounts of data to make critical business decisions in a small amount of time is a huge asset.
Understanding a variety of culture and background
Working at a peer level with a variety of students allowed me to better understand their thought process. As a result, you could be in a stronger position to collaborate across difference culture and idea at a professional level and build more effective strategies.
Opportunity Cost
Many MBA graduate say that they learned that the opportunity cost of not doing an MBA was actually higher than the cost of doing it.
Especially for the people in the field of strategy, consultant, planning and finance, although they already have experiences with a number of valuable intangible skills, the lack of an advanced degree may be limiting them on career opportunities.
The advanced degree may complement the technical skills with a strong business acumen making people a more effective professional.
Joy of Learning
MBA open the door to a world of knowledge and widen fields of interest. Many graduate read on average some books per week and vary the topics to cover a diverse number of themes.
One week the topic may be how big data has taken marketing to a new level, the next it could be about how corporate culture and innovation helped turn around a struggling enterprise.
Before having MBA program, many graduate used to focus on being the best at what they did. Now they focus on being the best at what they want to become.
Regardless of your age, What is it that you're trying to get from the program? Yes, it will take plenty of your time and yes, it will take money too. However, don't let short term thinking cloud your judgment.
Source: Ricardo Mier Linkedin, Yale SOM, INSEAD