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October 28, 2021

Networking helps you advance your career and gives you access to more employment opportunities. Expanding your contacts can open doors to new business opportunities, career advancement and personal development. Sharing information, advice and support on challenges, experiences and goals is a key benefit of networking, as it gives you new insights you may not have otherwise thought of. Discussing common challenges and opportunities opens the door to valuable suggestions and advice. By consistently getting out there and meeting new people, you step out of your comfort zone and build invaluable social skills and confidence that you can take with you wherever you go.

1. Networking can help you start your own business

Networking Unternehmen

Every professional has different goals and career aspirations, but in business school you're bound to meet people who want to start their own business after graduating with an MBA. If you're looking for a business partner, someone with better access to angel investors, or someone who knows how to find hedge funds, networking may be your best bet. Some of the most rewarding business friendships start in school, so don't rule out this opportunity when networking with other MBA attendees.

2. Networking can help you climb the corporate ladder

Networking  Karriereleiter

Not all MBA graduates are interested in starting their own business - some prefer to have a solid career in an already established company. Networking makes it easy to explore different opportunities to climb the career ladder, and there's no better place to do it than the MBA classroom. You are bound to meet people who are working in the same industry or in an industry you want to move into. They can tell you about companies you didn't even know existed and opportunities you wouldn't have heard about through traditional means.

3. Networking is a long term investment


Even if you're not looking for like-minded people, common interests are essential for networking. So through networking, you will meet like-minded people who share your future ideas, life goals, aspirations and other plans. Remember, if you're part of a professional network today, you could be a member of a shared hedge fund tomorrow. And don't worry - this doesn't mean you have to have extraordinary financial resources. In most cases, your skills and the confidence that your peers have in you are the perfect starting point.

4. Networking is encouraged by business schools

Business Schools gefördert

Business schools have their own alumni groups that ensure fellow students don't lose touch with each other. In fact, networking is encouraged throughout the student years and even in the years after graduation. The idea is that networking can lead to successful business relationships that the school can (rightfully) claim as its own.

Schools often organise events to nurture and develop these networks. Guest lectures, charity events, and fundraising campaigns are just a few of the opportunities that business people can participate in if they choose to network at the university.

5. Networking leads to lifelong friendships

lebenslangen Freundschaften

As a businessperson, it is not a good strategy to hold back if you don't want to miss out on a new career opportunity or the friendship of a lifetime. When you feel like you need some inspiration, remember that there are people who are excellent listeners and can always be a helping hand in life. Many of the best friendships are made at university. By networking, you will meet very different and interesting colleagues who can change the way you look at your career ambitions and even your outlook on life.

What has been your experience of networking?

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