MBA program offers a great career platform

By Dr Animesh Singh

The study of Business Administration imparts business skills, knowledge and attitude in the students that provides them with a platform to race ahead in the corporate world. The managerial and leadership skills that students learn in the Business School help them in various challenging situations, personally and professionally. In contemporary business environment, new industries are surfacing at a fast rate, and there is a great demand for skilled management professionals. Also, there are plenty of government openings for management post graduates.

Specifications and Requirements

In most cases, MBA education is taken up by fresh and young graduates from various graduation streams. Graduates from any discipline may apply for the MBA programs. There are various national and international level entrance exams that are conducted for the aspiring candidates to take admission in management institutes. The requirements and procedure for selection may be different, but there is flexibility on the type of graduation stream. There is a trend that majority of engineering graduates appear for the MBA entrance exams and become very successful managers and entrepreneurs.   

Management Skill  

The major skills that MBA post graduates develop are - strong communication, interdisciplinary approach to problem solving, system based approach to organisational processes, analytical aptitude, IT expertise, assertiveness in behavior, and domain expertise with a holistic perspective of business environment. MBA program offers an opportunity to the aspiring managers to specialise in various domains like Finance, Marketing, HR, IT, Business Analytics, Retail, Operations & Supply Chain Management, Entrepreneurship, Hospital & Health Care Management. MBA students develop fine theoretical understanding of various management processes like planning, organising, implementing, leadership and control. Most importantly, these management post graduations develop assertiveness in there expression and fine communication skills as they participate in case presentations, debates, business news analysis discussions, and group presentations.

Industry Exposure and Networking

Studying MBA gives plenty of opportunity to the students for industry interaction in form of industrial visits, guest lectures, live projects, internships and research projects. This enables the students to get real business world exposure, which along with the theoretical knowledge base develops them into industry ready professionals.

The students are required to undergo a summer internship program where they work on a problem with the help of industry and academic mentors. They also develop report writing skills as they are required to present a report on their summer internship project. In the last term, the students are required to do a research desertion in the area of their specialisation.   

Better Chances of Success

MBA post graduates have better chances of doing well and succeeding in career as this program gives them plenty of opportunity to take up corporate jobs and assignments. Also, the interested candidates may take up academic, research and consultancy jobs. The career growth path is also very attractive. In most of the cases, MBA is a prerequisite to climb the corporate managerial ladder. As focused earlier, most of the engineering graduates join management program to get higher promotions and reach managerial positions.  Skilled MBA post graduates are able to get placed with handsome salary packages and with corporate experience, they find a multifold increase in their salaries.

Entrepreneurship

Management education gives students a great opportunity to become entrepreneurs. Many students join MBA program to learn and start their own business. Some of them do it to hone their managerial skills and add value to their family business. The students who dream big and want to start their own business venture need a formal management and business education. They show a strong urge to acquire the knowledge of business practices, systems, processes, and procedures that are needed to start and develop a new business. An MBA student is able to differentiate between small business initiative and an entrepreneurship. Studying MBA also develops an attitude of intrapreneurship, where an employee works as if he owns his office or department and there is a strong sense of commitment and bonding with the organizations.   

Life in the fast lane

The graduates wanting to live a fulfilling, exciting and challenging life are seen to be inclined towards management programs. Also, it generally seen that MBAs are the ones who end up reaching the top management and ownership positions in the corporate world. They are well versed with business systems and process and are aware of various flows and linkages in the value chain and supply chain. MBA students appear to have a better ability to lead and motivate their team members. The corporate jobs and assignments provide ample opportunities for developing industry network and linkages, with is beneficial in the long run. 

Ethical and value based orientation  

Management post graduates tend to show a strong orientation towards justified and efficient use of resources, importance of harmony, people welfare and right priorities. The formal education in the theory and application of ethics in various business functions make them ethically sensitive decision makers. There is a strong integrity in their behavior in terms of fairness in decision making, protection of rights and care for the stakeholders. As economics is genesis of all management education, and an integral part of management education, MBAs demonstrate smart decision making ability in optimum utilisation of time and resources at their disposal.

About the Author:

Dr Animesh Singh is a faculty member in School of Business, Galgotias University with 13 years into teaching Marketing Management, International Business, Economics, and Business Ethics and Human Values courses. He also has 6 years of Industry (Sales & Business Development) experience in various industries including FMCG, e Commerce concept selling and Advertising.  

He is a PhD in the area of Sales Ethics from CMS, Jamia Millia Islamia, Delhi. He has qualified the UGC NET EXAM in Management Discipline. He holds a Master of International Business degree from Devi Ahilya Vishwa Vidyalaya, Indore (MP) with distinction in the year 1999.

 

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