Factors Influencing Professionals to Pursue an MBA Degree: An Empirical Analysis in the Context of Bangladesh

Abstract

Purpose: The purpose of this study is to identify the reasons that motivate professionals to pursue an MBA.
Methodology: This study followed a convergent parallel design under the framework of mixed methods. The population for this study consists of alumni and current professional students enrolled in the evening MBA programs at public universities in Bangladesh. The questionnaire survey yielded 390 valid responses, and four focus group interviews were conducted with current professional students enrolled in the evening MBA programs to address the issue.
Findings: The top reasons for professionals pursuing an MBA degree include the development of managerial knowledge and skills, career advancement, enhanced leadership skills, staying competitive in the job market, and opportunities for promotion and increased income.
Implications: The results have the potential to increase the understanding of prospective students about the reasons for pursuing an MBA and could enhance the faculty and business schools’ capacity to cater to their needs and aspirations.
Originality/Value: Many professionals in Bangladesh express interest in pursuing an MBA degree, but the reasons behind this motivation are still unknown. Therefore, this study aims to address the knowledge gap in this area.