Why MBA ?

The MBA degree is increasingly being accepted as a measure of acquired business skills and management acumen. The most compelling reason for a lot of us is a promotion into a managerial role. For instance, there are many IT professionals, who have been doing extremely well in their technical jobs. These people also have great soft skills. They now wish to move up the ladder into middle and senior management roles. Finally they would like to move up to head major corporations someday.
To do that, one needs to know concepts of General Management, which only an MBA program could provide. An MBA also gives one a great network of batchmates and alumni. For some, MBA is the vehicle of choice for a career shift. For example, an MBA could help an Army officer or a Marine Engineer to enter the Corporate world for a desk job. In many careers, an MBA is a rite of passage. Investment banks typically expect their Analysts to get an MBA before promoting them as Associates. Lastly, higher compensation package is also a good reason to do an MBA. Many people double their salaries after completing MBA. So, at the end of the day an MBA definitely has a great value proposition.
For me the objective is pretty simple. I feel that at this point in my career I require a lot of exposure to the theoritical foundations in management and a holistic perspective of business so that I can evolve as an effective manager/leader and prepare myself to shoulder greater responsibilities in the future as I move up the Corporate hierarchy.