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

Dr. Md. Ashraful Alam

Associate Professor, Department of Human Resource Management, Jatiya Kabi Kazi Nazrul Islam University

Dr. Md. Saiful Islam

Professor, Department of Management Studies, University of Rajshahi

Dr. Saroje Kumar Sarkar

Professor, Department of Statistics, University of Rajshahi

Khulna University Business Review – A Journal of Business Administration Discipline, Khulna University, BD
Volume 19, Number 1, January to December 2024, Pages 1-27
DOI: 10.35649/KUBR.2024.19.1.1
Published: September 2024
Published Online:
September 2024

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.