Education

MBA Programme: The Benefits of Studying and Working Simultaneously

“Enter every activity without giving mental recognition to the possibility of defeat. Concentrate on your strengths, instead of your weaknesses… on your powers, instead of your problems.” – Paul J. Meyer

Postgraduate students who work and study full time accept and understand that it is not easy to manage both their work and their studies at the same time. Additionally, the quotation mentioned above by Paul J. Meyer offers advice to students who are faced with the daily challenges brought about by working and studying together.

According to Meyer, it’s vital for students to concentrate on their strengths instead of their weaknesses. Furthermore, it is important that working students keep on striving towards reaching the end goal of attaining their degree without giving up along the way.

The importance of graduating with an MBA

A Masters in Business Administration (MBA) is essentially a postgraduate degree “that provides theoretical and practical training to help graduates gain a better understanding of general business management functions.” In other words, it affords students the opportunity to learn specific business management skills, specifically, leadership, business strategy, human resource management, as well as organisational behaviour.

Additionally, because of the current focus on doing business internationally, MBA programmes are including courses on international trade and how to communicate professionally with people from different cultures as well as different parts of the globe.

Therefore, participating in a one year online MBA as well as finishing the programme and graduating with the postgraduate degree, will give students a unique opportunity to leverage global market conditions and trade successfully with global companies.

The advantages of working and studying at the same time

Even though, as mentioned earlier, it is challenging to work and study at the same time, the benefits outweigh the problems. Here is a list of some of the advantages of studying and working simultaneously:

No student loans

The primary advantage is that if students read for an MBA while they are working, they will not have to take out any student loans to pay for their studies. Thereby, saving a substantial amount of money by not having to pay back the initial loan amount with interest added on top.

Work experience adds value to MBA studies

An MBA is a unique degree where it helps to have corporate work experience before students start their studies and during their studies. Students will be able to draw on their past and current work experience when completing their projects and writing up their thesis. In essence, study and working together can be seen as a form of “on the job” training.

Develop leadership, endurance, courage, and strength of character

This article speaks of the need for students to develop leadership, fortitude, resilience, self-discipline, as well as the mental strength to combine post-graduate studies with full-time work. Ergo, it is a good idea to nurture and strengthen these character traits, because they are similar to the character traits that all successful entrepreneurs and senior managers need in order to perform at the highest level.