The world’s economy is mostly driven by private enterprises – companies which invest money, build factories or service oriented businesses, recruit people, makes profit, spend from profits for business expansion, for creating and innovating newer technologies, and so on. Even Universities often survive from grants from private enterprises.
Most countries, in fact almost all countries, follow capitalistic economy, that is depending upon private business enterprises to produce goods and services which are consumed by public at large.
Business enterprises have different functions. Most functions, barring some technical functions, are managed by people who can lead and manage business affairs and people. Management education, so far, is the only education which can teach and train people to handle managerial and leadership roles.
So, whereas a particular technical study can train people to become a specialist, Management education can widens one’s opportunities manifold.
Future is uncertain and unpredictable. You will have to adjust to future changes many a time during your career. Management education is the only education which can offer you an overall understanding of many fields, including technical, thereby making you competent in many aspects to face future challenges successfully.
A good management education prepares you mentally, more than academically, to get things done – both at favourable and challenging situations. The rigorous education, compacted in 2 years, make you work very hard, work in a team, communicate with one and all, face deadline, handle tremendous stress, handle conflicts with group members, negotiate, and so on. What are these? There are life skills which will make you successful in anything that you would like to do in the future. No post graduate education prepares you like Management education does.