Do you know what is common among Apple, Google, Microsoft, and Adobe? Apart from being some of the world’s top-performing companies, they are also led by highly successful CEOs with one thing in common: master of business administration course (MBA course).
Becoming a Chief Executive Officer (CEO) is the ultimate goal for any individual who is interested in the business and management sector. Many students and professionals look at business schools for answers about their future in this sector. However, almost all of them start with the same question: “Do I really need an MBA?” and immediately followed by “How many CEOs have MBAs?”
If you are one of those people, you’re in luck, as in this article, we will explain how many CEOs have MBAs and why it is crucial for success in the business and management sector. But before getting to it, let us first understand the significance of an MBA education to a prospective business graduate.
An MBA program has grown as one of the most prestigious and sought-after career options for most aspirants and graduates in Zambia. And for a good reason as it offers some of the best opportunities and benefits, one can hope not to mention it is one of the well-paying sectors in the country.
How Does an MBA Shape Your Career?
You’d be surprised when we tell you that many who enquire about an MBA degree don’t often have the faintest of knowledge on the various specializations on offer with an MBA. Many tend to think that an MBA is only a business degree only valuable to those interested in economic and human resource management.
While this is true in a fundamental sense, as these two disciplines come at play in every specialization, it is not the sole proficiency one has with an MBA. There are many other specializations one can focus their learning on when it comes to an MBA. Here are some of the other specialties one can concentrate on in their program.
- Banking and Insurance Management
- Information Technology and Business Analytics
- Project Management
- Strategic Management
- Human Resource
Picking the right one will shape one to be a thought leader in the specialty aiding with anything and everything in the field. This commitment to the area would allow one to be an exceptional individual deserving of a high position and pay in the business sector.
Wide Variety of Career Options
Unlike other disciplines, an MBA has more to offer and will shape you in your chosen profession as a more effective organization member. MBA opens up the door to countless career options as a qualified business and management candidate is always in demand somewhere.
While pursuing a specialization may limit you from taking up specific roles, other specialties such as finance and human resources would make you more desirable across the board, so keep that in mind when you pick your specialty.
Pursuing a master of business administration course will qualify you as an integral part of any organization or business concern. Unlike other disciplines who often play a passive role in an organization, master of business administration course graduates are essential members of a company.
The position one takes up is often critical to a business’s day-to-day function; hence you will have more value and satisfaction with your job. Your contribution to your organization is integral, offering you more opportunities to innovate and move up the corporate ladder.
Good Pay and Benefits
You might have seen this coming; nevertheless, let us mention it anyway. An MBA degree would have you better off with good pay irrespective of the role you start at and only improves further as one gains more expertise.
Depending upon the specialization and role, they will also get various other benefits such as paid time off, commissions, health insurance, child care benefits, travel and communication assistance, accommodation and relocation benefits, and at a higher-level stock option and more.
Enhanced Skill Set
An MBA degree program offers an excellent opportunity to learn and work upon your skill sets. There goes a lot more into crafting an exceptional MBA graduate. Here are some of the skills and qualities that would serve as building blocks for a successful business career.
- Good Leadership and management skills
- Soft skills (People, communication, and flexibility)
- Identification, research, and development skills
- Marketability and selling qualities
- Collaborative and Networking skills
- Public speaking and presentation skills
- Human resources and talent retention
Outgrown Business Network
As a business professional, it is essential to build your network of acquaintances to enhance your capacity and improve your business’s chances of success. An MBA degree program will give you the tools to connect with business professionals and aid as a platform to connect with like-minded individuals and thought leaders throughout your learning journey.
Opportunity to Start Your Own Company
Who doesn’t like to be their own boss? An MBA degree program will provide you with the knowledge, skills, and opportunities to start your own company if you are interested in doing so.
Flexible Further Study Opportunities
An MBA degree program is also offered worldwide in various formats for students across all walks of life. Here are some of the different program formats that one can undertake.
- Full-Time MBA Degree
A full-time MBA is one of the most well-known formats of the lot traditionally. It is offered on the campus as a two-year program for deserving candidates.
- Part-Time MBA Degree
A part-time MBA degree is opted for by professionals who wish to retain their job while pursuing their degrees. A part-time MBA degree is also practical for those who live far away from their educational institution and are required to save up on time.
- Executive MBA (EMBA)
The executive master of business administration course is specially designed for tenured professionals who intend to brush up their skills and upgrade their qualifications to move up the career ladder. It is also popular with professionals who wish to switch disciplines in their careers.
- Online MBA Degree
Online master of business administration course is a new addition for those who wish to pursue their education from the comfort of their own home. This format has especially taken off in recent times due to the pandemic and has become the preferred format for many students.
Now that we understand the value that a master of business administration course brings, we can easily assume how these qualities and goals help make a highly qualified leader. Now for the heart of the matter, how many CEOs have MBAs?
Listed below three CEOs picked from the top 10 CEOs in Africa who has management degree. Look at some real-life examples of business leaders before making any decision in your career.
Dr. Divine Ndhlukula
Dr. Ndhlukula is a Zimbabwean businesswoman who is a founder and Managing Director of DDNS Security Operations. She has an Executive Masters in Business Administration (MBA) from Midlands State University, and she holds another MBA from Women’s University in Africa.
James Mwangi is a businessman and entrepreneur known for his work as a founding chairman of Kenya vision 2030 and an influential personality in Kenya. He has various honorary doctorates and, more notably, a doctor of business management.
Marvin Ellison, a prominent businessman in America known for his role as the CEO of Lowe’s and formerly JC Penny and The Home Depot, also has an MBA. He has multiple accolades to his name from Fortune and Black Enterprise magazine.
As you can see, many CEOs who took a master of business administration course have been very successful. This list is only a handful of examples to keep the article short. Countless others worldwide have revolutionized the business world with their ideas, and with a master of business administration course, you can be among them.
Best University to Pursue a Master of Business Administration (MBA) Degree
The master of business administration course at Texila American University (TAU) combines several management skills effectively and interactively. The program will equip students to confidently face the business environment and kindle their underlying skills to meet and exceed global business challenges.
Why Choose TAU?
- TAU’s online MBA degree program is a highly sought-after business management degree on the continent.
- The program follows an international standard curriculum handled by highly experienced and qualified faculty.
- The program also offers access to an extensive network of students from different nationalities and professional backgrounds.
- The master of business administration course is an online program offered on par with on-campus programs.
- The program also provides an opportunity to explore your true potential as a business professional.
On that note, we believe that this article has answered your query on how many CEOs have MBAs? And why you should consider a master of business administration course. We hope that this article would inspire you to pursue an online MBA degree and begin your career path to one day be a person among the list of successful CEOs with an MBA degree.