There are three main rationales for getting a management degree: knowledge of business operations, networking with people in and around business, and credibility that business is not naive to one who pursued the said course. Most people perceive that this path provides valuable skills for going up the corporate ladder along with helping sustain the competitive advantage.
Career Path in India & Overseas
TOI commissioned global recruitment firm Randstad to go deep into CEOs' CVs (TOI, May 7, 2014). The study found 69% CEOs from family-run companies had done their postgraduation and 83% of those postgraduates had pursued an MBA afterwards. Further, out of all the CEOs who completed an MBA degree, 45% had done so from India while 55% from foreign universities. At professionally managed companies, as many as 54% of CEOs had an MBA.
Learners of Management Programmes have gone on to successful careers in Consultancy, Marketing, Health Management, Human Resource Management and many others including establishing successful small businesses.