A PGDM, MBA or any other management degree is not merely a higher degree after completing grad-school, but is of several other benefits to a student’s personal and professional life. It gives an individual an advantageous entry into the global marketplace. A management degree is one of the best tools to own in today’s challenging economic times.

Let us highlight five major advantages of a management degree-

1. Confidence: It is one of the many intangible advantages of enrolling into a management institute. A PGDM experience can help in boosting a candidate’s self-esteem significantly. Full time management programs provide abundant opportunities through a number of activities like debates, presentations, case study etc. to boost up the levels of confidence. There is a considerable difference in the confidence levels between a management student and a normal master’s degree student.

2. Leadership: A 2 year PGDM program also enhances a student’s leadership skills because of the rigid training involved. The 2 year program including extra-curricular activities and teamwork sharpens students’ leadership skills making them capable of handling business situations from a realistic point of view. These programs focus on developing a student’s leadership qualities by moulding them into future CEOs and Managers.

3. People Management Skills: A Management course teaches students about people behavior and dynamics, reactions, attitude and trains them how to deal with them, motivate and inspire to get maximum productivity. These are some of the basic skills that we need to inculcate to work in higher positions in an organization.

4. Networking: A management degree provides incredible advantages to build a robust network of important individuals from all business sectors. This network has the potential to build a solid career timeline in years to come. A strong network of alumni will exponentially increase the networking possibilities that can be converted to working advantages later. A strong group of alumni with engaging, receptive and good connections is a priceless asset.

5. Understanding business: A PGDM can help in understanding and getting a holistic perspective of the essential small and large components of a business. Studying management helps an individual to become part of a great network of professionals, organizations and potential recruiters giving an overview of the business world. A holistic understanding will not only help in organizing business activities but also assist in managing business processes.

A management degree is a great tool to accelerate a person’s career in the right direction. Of course there are a number of opportunities where an management degree may not add value; but in most sectors of business, a management degree is a passport to a profitable and rewarding future.

Disclaimer: This Article has been written by a member of Corporate Communications Team at Fortune Institute of International Business, and doesn’t reflect the views of the Institute.