Not many decide on pursuing a management degree without any confusion. The dilemma on whether to choose a management degree or not will brush over you at least once before you settle into one.
Here are the seven most prominent reasons why you should get a Management Degree -
Basics of business
Any Management School would teach you the fundamentals of a business environment be it theoretically or practically. You could understand the fundamentals in a very short span of time. You will learn what a non - management degree holder does in a long span. The curriculum would be in such a way that you get the theoretical knowledge of what many experienced professionals gained in years.
Management Skill
Needless to Say, a management skill is the base of any business. You may already be good at management. But still, the process of acquiring a management degree exposes you to a practical business environment through group discussion, internships, exposure to real business. This helps in learning to manage people, work as a team and align them so that everyone could work together to achieve the goal.
Career improvement
Many companies consider management degree as one of their primary criteria while hiring for a job. Also, for the ones who seek to go to higher job positions, a management degree would be fruit on the cake. It adds to your profile, whatever be your base specialization. The management skill can be implemented in your area of specification thus improving your career prospects.
Global environment
Awareness about the global market and its culture is the key to any big business. A good business school would expose you to co-students or faculties who may be of different countries, cultures, and practices. This helps in learning the mindset and lifestyles of different people which is key to any business enthusiast. It also comes through the trips and internships in other countries.
Soft skills
A good B-school will provide you with an environment for group discussion, role-play programs, workshops, and so on which paves way to open up yourself and learn new skills. Communication Skills, interpersonal skills, problem-solving, criticism handling skills are needed to outshine in the real world.
Real business exposure
Pursuing a management degree helps you to see the practical business environment through internships, interactions with professionals, corporate meetings, industrial workshops. This gives you the practical knowledge on the real business even before you start to put it into action.
Crisis management
The curriculum of any management degree course would be filled with case studies, which gives you hands-on experience in handling crises. Learning of crisis management beforehand is needed to face a crisis in a real-time business without stress. Though theoretical knowledge alone wouldn't be sufficient to handle a real-life business crisis, still, the knowledge gained through this would help you to sort out where to start and what to consider in those tough situations.
There are a lot more reasons for someone who would love to pursue a career in Business Management to take up a Management Degree. One other underrated reason would include understanding your inner self. The Management Study is one that focuses mainly on you and your inner ideas. This gives a lot of space to understand oneself deeply. It shows you to analyse and present yourself in a way that leads to the desired goal by focusing on your strengths, weaknesses, passions, and interests. Getting a management degree would add a lot more skills to you than you would have imagined.
Read similar articles to it-
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2. How does PGDM encourages entrepreneurship
3. Top 7 management skills that you need to develope
About Author
Dr Susen Varghese is an alumnus of Vadodara-based M S University and Mumbai-based SNDT Women’s University. She has served for a decade in senior positions in the HR department and as a branch head in the corporate sector and currently working as Director LEXICON MILE - Management Institute For Leadership And Excellence. She is also a Certified Trainer for Thomas International’s ‘Person Profile Analysis’ & ‘Human Job Analysis’. Dr. Susen is also a Life Member of the Higher Education Forum. She has studied , B.Com (Hons.), MSW, PGDHRD, Ph.D – Management (Human Resources).
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Student Forum
Answered 22 hours ago
Lexicon MILE offers two-years Post Graduate Diploma Cousre at full-time mode. The MBA level course is available across multiple speciaslisations. The PGDM specialisations are listed below:
- PGDM in Research and Business Analytics
- PGDM in Marketing and Human Resource Management
- PGDM in Finance Marketing
M
Contributor-Level 6
Answered 23 hours ago
Lexicon MILE PGDM course fee range from INR 9.6 Lacs - INR 13.29 lakh. The fees vary depending on the different programs offered under the PGDM course. The first-year fees can be paid in two installments over two semesters. Furthermore, the fees might include multiple fee components that can be paid
R
Beginner-Level 5
Answered 23 hours ago
The Lexicon MILE Pune average package offered during the 2024 placement drive stood at INR 8.27 LPA. The Lexicon MILE Pune average package offered between 2022 and 2024 are presented below:
Particulars | Placement Statistics (2022) | Placement Statistics (2023) | Placement Statistics (2024) |
---|---|---|---|
Average package | INR 7.10 LPA | INR 8.70 LPA | INR 8.27 LPA |
Note: The average package of 2024 is updated till November 2023. It may vary once the final placement report i
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Contributor-Level 6
Answered 23 hours ago
Candidates with PDGM degree from Lexicon Mile are eligible to apply to Government jobs. The Government sector offers range of opportunities as mentioned below:
Job Profiles | Description | Average Salary |
---|---|---|
Business Analyst | A Business Analyst is a professional who works within an organisation to analyze, understand, and document the business processes and systems. | INR 9.8 LPA |
Investment Banker | An Investment Banker is a finance professional who works within an investment bank or a financial institution, specializing in providing financial advisory services and raising capital for corporations, governments, and other entities. | INR 16.1 LPA |
Chief Financial Officer | The CFO is a high-level executive responsible for managing an organization's financial actions, strategies, and operations. | INR 83.3 LPA |
Product Manager | A Product Manager is a professional responsible for overseeing the development, strategy, and success of a product throughout its lifecycle. | INR 21.6 LPA |
Management Consulting | Management consulting involves providing advisory services to organizations to improve their performance, solve problems, and achieve their goals. | INR 27.5 LPA |
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Beginner-Level 5
Answered 22 hours ago
Lexicon Mile PGDM course is a two-year full-time programme for aspiring candidates. The PGDM is equivalent to an MBA course that helps interested students to build their managerial skills. The PGDM course curriculum is spread across four semesters and includes core subjects such as:
- Economics for Man
I
Beginner-Level 5
Answered 23 hours ago
Lexicon MILE PGDM admission dates for the academic year 2025 will be out soon. The admission portal for 2025 is open now. Candidates can visit the official website of Lexicon MILE to apply for the course. Moreover, candidates can refer to the entrance exam dates since admission to the PGDM course is
P
Beginner-Level 5
Answered 23 hours ago
Lexicon Management Institute of Leadership and Excellence (Lexicon MILE) shortlists students for its PGDM course by conducting the selection process as follows:
- Entrance Exam Score: Applicants must have a valid score in one of the following entrance exams: CAT, MAT, XAT, CMAT, GMAT, MAH MBA CET.
- Group
S
Beginner-Level 5
Answered 23 hours ago
Lexicon Management Institute of Leadership & Excellence PGDM admission is entrance-based. Candidates are offered admission to PGDM and International MBA courses based on various national-level entrance exams such as CAT, MAT, XAT, etc. Eligible candidates must fill out the application form online. A
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Contributor-Level 10
Which PGDM specialisation does Lexicon MILE offer?