The lure of an MBA degree
Jatin Haribhakti
The lure of an MBA degree
Top executives
polled in a recent survey
said that earning a graduate degree
in business is important for those
who want to obtain management positions in
most companies.
The truth
is that as the corporate world
moves towards a more corporateand- service-oriented economy,
earning an MBA
becomes an effective way
of not only ensuring your employment,
but also ensuring your success
and marketability in an everevolving job market.
As businesses have continued to be
impressed with abilities
and accomplishments of MBA graduates,
the MBA degree has become an imperative.
MBA programme
will provide you the know-how of basic
business principles and techniques by business managers
in corporate finance, economics,
strategic planning, marketing,
basic accounting and other disciplines.
As these disciplines are vast by itself in today's context,
selecting a specific MBA focus
will allow you to specialise and
better prepare yourself for your career.
Earning an MBA
and networking with corporations,
different industries and building relationships
with business leaders is valuable and
such connections are possible,
when going through an MBA Programme.
Earning an MBA with industry interface
will definitely provide an excellent business career.
MBA Programme benefits
Business knowledge gives knowledge
about business and related aspects,
business strategies and concepts teaches skills
in practical life and in day-to-day operations.
Leadership abilities,
which gives one confidence to handle
real life business situations and expertise,
thus develop interpersonal skills,
communication skills,
assertiveness and team building skills.
Networking with industries,
business orgnisations and human leaders
will help develop contacts and work
in niche areas of interest for career growth.
Why an MBA degree is preferred
MBA graduates
are sought after for their ability
to think critically deal with ambiguity
and solve complex problems.
In the broadest sense,
the master of business administration
degree represents out-of-the-box thinking,
not just a set of skills and business knowledge.
The process of earning a degree teaches
MBAs to think critically and evaluate alternatives.
That's a vital skill that can help
any unforeseen circumstances
Critical thinking is intrawoven.
But this ability is woven into the MBA curriculum,
which relies heavily on the case study,
role plays and management games,
which helps students evaluate business dilemmas,
current issues,
which is an added advantage of an MBA programme.
Being a manager
is about vision and leadership,
this would require one, at times,
to take a leap in faith even
when the numbers are against you.
MBA's
are exposed to all aspects
of the business and their role
is to take a bird's eye view of the organisation.
MBA's score over the others,
when it comes to communication skills,
presentation and customer orientation.
The soft skills are crucial for success
in today's corporate world.
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