Why You Should Pursue Higher Studies Abroad after Completing your MBA

published on 27 September 2022

In this article, you will know more about Why You Should Pursue Higher Studies Abroad after Completing your MBA. I hope you like this article.

In today’s global economy, the demand for skilled workers is only growing. In fact, the UN Labor Statistics predicts that the demand for management analysts will grow by 9% through 2022. To meet this demand, universities around the world now offer post-graduate programs in business administration with a focus on accounting and management.

The Master of Business Administration (MBA) programs in India are designed to develop your skills, both as an individual and as a leader. After completing your MBA program, you may be tempted to get back into the workforce as quickly as possible. However, pursuing higher studies abroad after your MBA can open even more career opportunities for you in the future. Read on to find out why!

 Higher Studies options after MBA    

There are plenty of different ways in which you can pursue higher studies abroad after your MBA. Here are a few of the most common options. There are also plenty of other options available as well, depending on your specific interests.

MBA in a Different Field: If you have completed your MBA in Marketing, you can choose to pursue an MBA in a different field such as Finance, Human Resources, etc.

Masters in Business Analytics: MBA programs cover a wide range of topics in the business world. However, many of them do not include any specific course in data analytics. If you want to gain expertise in this important field, you can pursue a Master's in Business Analytics after completing your MBA.

Masters of Science in Management: Another option to pursue post MBA abroad is the Masters of Science in Management. This program is designed to create a bridge between research and practice. It allows you to gain a greater understanding of the business world and opens up career opportunities in management.

Postgraduate Certificate in Management: If you already have an MBA and want to broaden your knowledge in a specific sub field such as finance or marketing, you can pursue a postgraduate certificate.

MBA to Ph.D. transition: Finally, you can also pursue higher studies abroad to transition into a Ph.D. program. This will open-up career opportunity in academia as well as large corporations.

 Best professional courses after MBA    

There are plenty of different professional courses that you can pursue as part of your higher studies abroad or after you have completed your MBA. Let’s take a look at a few of the most common programs.

Chartered Financial Analyst (CFA)

CFA may be pursued either after graduation or MBA. The program has also become a gateway to one of the most desirable career possibilities such as Analysts and Financial consultants. People pursuing this program need to complete three levels to become certified analysts. The core topics in CFA Levels 1 and 2 are Business Ethics, Equity Investment, Portfolio Management, Corporate Finance, and Alternative Investments. After completing the program, you can discover career prospects in numerous industries such as financial analysts, strategists, portfolio managers, and consultants.

Certified Information Systems Auditor (CISA)

For those looking to advance their careers in auditing, information systems, security, and allied industries, the Certified Information Systems Auditor (CISA) credential provides a solid foundation. You must pass the test, which is given annually in September, December, and June. You must fulfill the requirements of work experience and finish your ongoing course/s. Aspirants will get knowledge on conducting audits on information-based infrastructure, managing information, maintaining systems, and monitoring whether IT operations are compliant with regulations.

FRM - Financial Risk Management degree is awarded by the GARP (Global Association of Risk Professionals). This degree equips people with risk management skills. Throughout the course, you will learn how to manage credit risk, liquidity risk, market risk, and non-market financial risks. As a result of the vast opportunities it offers, FRM has become one of the most popular courses after an MBA. Taking a degree program or taking the FRM exam are the two ways to pursue this course.

Certification in Risk Management Assurance (CRMA) -  An aspirant's capability to manage risks and govern the same is also affirmed by the CRMA certification. In order to find employment as an auditing advisor or risk manager, you should have some work experience (one to five years)  and completed this program.  

 Doctorate in Management after MBA    

This is one of the most common options for pursuing higher studies abroad after your MBA. A doctoral program in business administration prepares you to conduct research in a specific sub field of business. It is a long and challenging program, but after completing the same, you can pursue a career in academia or apply your knowledge to help companies with their business needs.

Doctor of Business Administration: This is the most common doctoral degree in business. It prepares you to pursue a career in academia or the business world, either by teaching or working in management positions.

Doctor of Philosophy: A Ph.D. in business prepares you for a career in research. You will conduct your own research, publish papers and books, and prepare academic programs that help others to understand the business better.  

 Short Term courses after MBA    

If you are interested in gaining specific skills but do not want to pursue a full-time program, you can also pursue short-term courses after completing your MBA. Here are a few common options.

Executive Education: Many business schools offer executive education courses that last only one or two weeks. These programs are designed to help you develop specific skills such as improving your negotiation skills or learning how to better use data to drive better business decisions.

Short-Term programs: Some business schools also offer short-term programs lasting a few months. These are designed to give you a general overview of a specific sub-field of business. You can choose to study subjects such as finance or marketing at the undergraduate level or at the graduate level (for those who already have an MBA).

Online courses: Finally, many business schools also offer online courses that you can complete after completing your MBA. These are usually short courses designed to provide specific skills such as improving your negotiation skills or gaining expertise in a new technology such as data analytics.

International Business: This is another popular field of study for business graduates who pursue higher studies abroad. It provides a general overview of business concepts and theories that apply to both domestic and international situations.

 Improve Your Chances in The Job Market    

After completing your MBA, many students choose to pursue higher studies abroad to  increase their earning potential and migrate abroad. By completing higher education programs abroad, you can increase your chances of getting a job in the future. Many employers will favor candidates with a broader skill set, especially in fields such as management, analytics, and finance, where increasingly more companies are looking for candidates. If you want to stand out from other candidates, you can pursue higher studies abroad after completing your MBA and gain expertise in a specific sub field.

 Conclusion    

If you have completed your MBA, you should consider pursuing higher education abroad. Having a degree from abroad can open more career opportunities for you in the future. By choosing the right program, you can also gain a deeper understanding of a specific sub-field of business. Lastly, higher education abroad can help you develop valuable skills and boost your confidence.

I hope you like this article Why You Should Pursue Higher Studies Abroad after Completing your MBA ‍. If you have any queries, feel free to reach out to Alpha Edu Abroad for advice!

"Unlock the world of possibilities on a budget! Discover practical tips and strategies on how Indian students can pursue their dream of studying abroad without breaking the bank. Don't let financial constraints hold you back – explore our guide to make your international education aspirations a reality on a low budget. Start your journey today!"

Frequently Asked Questions

What are the advantages of pursuing higher studies abroad after completing an MBA?

  • Pursuing higher studies abroad offers exposure to diverse cultures and business environments, providing a global perspective that can enhance your understanding of international markets.
  • Access to world-class faculty and cutting-edge research facilities can significantly enrich your academic experience, fostering a deeper understanding of your chosen field.

How can studying abroad after an MBA contribute to career advancement?

  • Higher studies abroad often provide networking opportunities with professionals and experts from various industries, potentially opening doors to global career prospects.
  • Exposure to different business practices and strategies can make you a more adaptable and versatile professional, making you stand out in a competitive job market.

Are there specific programs abroad that complement an MBA background?

Many universities abroad offer specialized master's programs tailored for MBA graduates, such as Master of Finance, Master of Marketing, or Master of International Business. These programs allow you to deepen your expertise in a specific area of business.

How can pursuing higher studies abroad enhance my leadership skills acquired during an MBA?

  • Advanced programs abroad often incorporate real-world case studies, practical projects, and interactive learning methods, further honing your leadership skills and preparing you for complex business challenges.
  • Exposure to a diverse student body can provide opportunities to lead and collaborate with individuals from various backgrounds, enhancing your ability to lead multicultural teams.

What financial assistance options are available for international students pursuing higher studies after an MBA?

  • Many universities abroad offer scholarships, grants, and assistantships to help alleviate the financial burden of higher education. Exploring these options can make studying abroad more affordable and accessible.
  • Additionally, some countries allow international students to work part-time during their studies, providing an opportunity to gain practical experience and support their living expenses.

An IIT Delhi IIM Ahmedabad alumni initiative

Alpha Education Abroad is an initiative by IIT Delhi and IIM Ahmedabad alumni. The firm helps students get admitted to top universities overseas in the US, UK, Australia, Canada, Germany, and many other countries. It allows students to apply for graduation as well as post-graduation courses abroad. It also helps students get admitted to top 1 year MBA programs such as ISB and IIM Ahmedabad in India.

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