How an MBA Helps in Business? Gaining a Competitive Edge

The Master of Business Administration (MBA) is a postgraduate programme that teaches students advanced business skills and knowledge required to accelerate careers and transition into new industries. 

An MBA graduate is a valuable addition in any corporate structure as they are trained in managerial and leadership skills. In South Africa, they can help companies discover new markets, improve decision-making processes, and help to develop and market innovative products and services.

In this article, we will cover how an MBA helps in business, the various MBA specialisations, and the career opportunities available for MBA graduates.

What Is an MBA?

An MBA is an advanced higher education qualification that individuals can pursue after completing an undergraduate programme. Most MBA programmes require prospective students to have work experience to improve their learning. It also allows students to understand the implications of the curriculum in practical scenarios.

Most MBA programmes are two years in duration, and students are required to complete a dissertation or research project. Those who complete an MBA receive an NQF Level 9 qualification. 

It is normal to question how an MBA helps in business and whether one should take time out of their career to pursue it. An MBA programme takes a deeper look into business principles and moulds students to become industry leaders. 

Prospective students who would prefer to work in a particular sector can choose a specialised MBA programme, which can make their qualification more beneficial for businesses.

Listed below are some common MBA specialisations offered in South Africa.

• MBA in Marketing 
• MBA in Finance 
• MBA in Human Resources (HR) Management
• MBA in Entrepreneurship
• MBA in Supply Chain Management
• MBA in International Business
• MBA in Healthcare Management
• MBA in Family Business Management

Read more on Which Type of MBA is in Demand?

How an MBA Helps in Business?

MBA graduates are highly valuable for companies since the programme helps them gain advanced business knowledge in core subjects such as Financial Management, Strategic Management, Economics, and Operations Management. At the same time, MBA graduates learn essential interpersonal skills such as problem-solving, negotiation, team management, and critical thinking. 

The combination of technical and soft skills makes MBA graduates among the most in-demand professionals in business. If individuals are still unsure about getting an MBA and are wondering how it helps in business, the programme moulds students into innovative and strategic leaders.

Given below are some benefits of enrolling in an MBA programme.

1. Strategic Thinking

Completing an MBA programme teaches graduates strategic management, which trains them to analyse complex problems and devise long-term strategies for a business.

2. Leadership

MBA graduates are often seen as top candidates for leadership roles, as they possess the necessary expertise and critical thinking skills to guide organisations successfully.

3. Global Perspective

MBA graduates are exposed to cross-cultural management styles and interpreting international markets. They can help businesses expand internationally.

4. Financial Competency

An MBA teaches professionals how to understand financial documents and manage an organisation’s investments. 

5. Innovation

Businesses need to innovate to stay relevant and competitive. An MBA graduate can make it easier for companies to transition into new technology that can allow them to be more competitive or reduce inefficiency. 

What are the MBA Career Opportunities in South Africa?

An MBA provides a wide range of career opportunities in South Africa across industries such as energy, retail, and telecommunications. Individuals with the qualification can take several promotion leaps and be hired for a senior management position. It can also help students with a technical background to transition to managerial positions.

If one is wondering how an MBA helps in business, it equips graduates with the knowledge and skills to make strategic decisions by analysing factors like capital, operations, and marketing. Companies also require the skills of MBA graduates to help them identify new markets, study growth potential, and create a sustainable expansion strategy.

An MBA supported by relevant work experience is an attractive qualification on any resume. In South Africa, the average MBA salary, according to Talent.com, is R2,190,00, with experienced graduates earning up to R4,980,000 as of December 2024.

MBA Career Opportunities in South Africa

• Global Business Manager
• Chief Executive Officer (CEO)
• Management Consultant
• Entrepreneur
• Investment Banker
• Senior Executive

MBA for Entrepreneurs in South Africa

When considering how an MBA helps in business, one should also include start-ups and small businesses launched by first-time entrepreneurs. An MBA offers knowledge and skills, allowing students to build their network.

If you are an entrepreneur wondering about the importance of an MBA, this programme helps entrepreneurs understand business strategy, operations, and financial management, which allows them to assess market opportunities and create a solid business plan that can raise funding.

MBA programmes also teach leadership and management skills, helping entrepreneurs effectively lead teams, make strategic decisions, and manage growth. Additionally, an MBA offers valuable access to funding through networks of investors, venture capitalists, and alumni, providing entrepreneurs with the resources needed to secure financial backing. 

Moreover, MBA graduates gain exposure to innovative business practices and global trends, ensuring they remain competitive. Hence, it is easy to see how an MBA helps in business, as the programme allows entrepreneurs to transform their ideas into profitable ventures and gives them the tools to succeed in a competitive business landscape.

What are the MBA Specialisations in Demand That Impact Business Growth?

MBA specialisations play an important role in shaping business growth by equipping professionals with the skills and expertise to navigate particular business functions. These skills help businesses drive innovation, optimise operations, and develop targeted strategic solutions. 

Specialised MBA programmes offer tailored knowledge that aligns with each sector’s unique challenges and opportunities. These in-demand specialisations help organisations achieve greater efficiency and profitability, long-term sustainability and market leadership.

Below, are some of the various MBA specialisations that are in demand. 

MBA in Finance:

To answer, how an MBA helps in business, this specialisation focuses on financial management and the various investment strategies businesses can explore as they expand operations. MBA in Finance requires students to have strong mathematical competency to create financial models and portfolio management.

• Industries: Investment banks, insurance, wealth management, insurance

MBA in Technology Management

This is designed for technology professionals who wish to transition into management. These graduates help lead projects that help to integrate technology such as automation and artificial intelligence into operations. 

• Industries: Telecommunications, education, retail, IT

MBA in Marketing

Students who complete this specialisation can lead marketing teams and plan campaigns using traditional and digital media. They are experts in consumer behaviour and learn how to use data for targeted marketing, which helps increase reach and build relationships with the target consumer. 

• Industries: E-commerce platforms, retail companies, Fast Moving Consumer Goods (FMCG) companies, digital marketing firms

Is an MBA Worth It in South Africa?

For those wondering how an MBA helps in business, it is a valuable addition to a resume, and employers seek the expertise of MBA graduates when hiring for upper management positions. 

Most MBA programmes cost between R71,000 and R276,000 for a 2-year programme, which is considerably higher than other postgraduate qualifications. However, MBA graduates also earn R2,190,000 on average. This demonstrates the value of an MBA to corporate employers.

If we compare that to the salary of graduates from other Master’s programmes, they earn an average of R480,000, according to Talent.com, as of December 2024. This demonstrates that while the monetary investment into an MBA is high, the return on investment (ROI) is equally valuable.

Students who complete an MBA in South Africa can fast-track their careers and pursue leadership roles in local and multinational companies. Employers prefer to hire graduates of South African MBA schools because they have the knowledge and expertise required to navigate local laws, regulations, and cultural practices while keeping an eye on global trends and expansion. 

What are the Top MBA Programmes in South Africa?

Regenesys Business School is a leading private institute in South Africa. The MBA programme features an industry-aligned curriculum and offers flexible learning options. The school’s global recognition and commitment to personal development ensure graduates are well-equipped to succeed in the competitive business world. 

Regenesys provides students with the knowledge and skills to take on leadership positions in businesses and directly impact revenue.

Industry-Focused Curriculum: The programme is designed to include critical subjects that offer students an advanced understanding of business operations. 

Flexible Learning: The two-year programme offers professionals contact and distance learning options, making it easier for them to manage work and study.

Accredited: The MBA programme at Regenesys is accredited by SAQA and is registered with the Department of Higher Education and Training (DHET). This ensures that the programme meets the standards and is constantly upgraded to keep up with industry demands. Accreditation ensures that employers value the MBA qualification. 

How to Choose the Right MBA Programme?

Now that we have answered how an MBA helps in business, it is time to help students choose the right MBA programme.

Pursuing an MBA programme is a significant investment, and prospective students should consider various factors before deciding on one. In addition to pursuing an MBA, they will also need to consider whether to opt for a general or a specialised MBA. 

Those who wish to work in a particular functional area such as finance or marketing should choose to enrol in a specialised MBA programme that aligns with their career goals.

Once that has been finalised a programme, it is time for them to research and finalise the institute where they wish to study. It should offer networking opportunities, have an industry-focused curriculum, and be taught by experts. 

These are some factors that should be taken into consideration before enrolling for an MBA programme:

• Accreditation of the Programme
• Reputation of the Institute
• Curriculum
• Flexibility
• Networking
• Specialisation

Conclusion

An MBA is a postgraduate educational qualification that teaches advanced business principles. For those who wonder how an MBA helps in business, MBA graduates are trained to become critical thinkers who can help devise solutions by considering multiple aspects of a problem. They are trained to lead companies in a competitive market.

Although the cost of an MBA is significant, the long-term financial rewards, career opportunities, and personal growth can offer substantial returns. However, prospective students should carefully weigh their career goals, financial situation, and desired industry before making a decision.

If you are interested in pursuing an MBA in South Africa, Regenesys Business School offers one of the best programmes in the country. Visit the website today for programme details and more information about student loans and funding. 

How an MBA Helps in Business? – FAQ