Facing Redundancy? Three Reasons You Should Consider This the Perfect Time to Get Your MBA

Being made redundant can be very unsettling, but it is something that does happen as companies change direction or need to cope with financial strain. Instead of seeing it as a disaster, the best way to cope if you are told your job will be made redundant is to look at this as an opportunity to make a positive change in your career.

Three Reasons To Use Being Made Redundant As a Sign You Should Start an MBA

• You Have to Change Jobs Anyway, So Why Not Change Levels?

  If you have been made redundant from a lower or middle management position, you probably can’t apply successfully for board-level senior positions based on your current experience and qualifications. Since you are going to have to change companies and work with entirely new people anyway, moving up a level or two thanks to your MBA isn’t any more daunting than finding and starting in a new position. You are being forced out of any professional ruts you may have gotten into, and with an MBA—such as one you could gain online from Northeastern University—you can ensure you are moving upwards when you move onwards.

• You Could Start Up On Your Own

  Finding a new job may not even be something you’ll need to worry about if you pursue an AACSB-accredited online MBA, because the course will teach you many of the skills you would need if you decided to start your own business instead. If you have an idea or skills you think you could build on independently, the MBA will fill in gaps in your knowledge, such as providing a strong foundation in marketing and finance.

• Taking Time Out of Work

  Redundancy can be a good opportunity to take a break from the grind of working for a company and reduce stress in your life. By committing to an MBA program—like those offered by BIU in Israel—you can take this break from employment (while still working hard on your degree) without feeling guilty about the time you are not working or job hunting. There are few times in your life when you get a chance like this to legitimately take time out of work and pursue something important to you, so it is a good idea to use it wisely.