How can your MBA degree push you towards a flawlessly growing career? Read to know more.
It is often said and rightly so that education is an investment that is expected to pay throughout one’s life time. While market uncertainties and changing business landscape may require regular additional investments in retraining, careful thought in choosing a proper course with excellent career prospects is critical.
The internet era and generation-Z which lives in e-space have rendered traditional thinking of choosing those programs of study which have several decades long steady career path, redundant.
For example, once-hot careers such as computer hardware engineering and BPOs are today riddled with lower prospects or benched employees. It is time, therefore, for students (and parents) to rethink career options, keeping present and future realities in mind.
Value of an MBA
The MBA candidate learns high level strategic approach to business decision making, enhanced leadership capabilities and an adaptable approach to changing business environments, besides lending themselves to a variety of careers with increased earning potential. While it comes as a career progression for many it can also be useful for individuals considering self-employment.
Know your management programme
While applying for a management programme, be it at under-graduate or post-graduate level, one should opt for domain specific programs that are strongly linked to industry requirements.
For MBA most universities take admission through entrance exam route. A student’s numerical ability, written communication skills, comprehension and command over English language, reasoning and aptitude is tested.
Demand for BBA and MBA programmes
Application trend for BBA and MBA programs has been positive especially for specialized programs as both students and recruiters see a lot of value in these programs. Overall, these are professional courses and hence are related to the health of the economy and job market. In future, as primary sector gets more organised there will be increased demand for professional management graduates. Job structures and profiles may be changing with automation, better machines etc. but nothing can replace a professionally qualified, well-skilled human resource.
With changing industry requirements and dynamic business scenario, the curriculum of business schools needs constant revision. This is achievable only through gathering industry inputs, bridging the industry-academia gap and introducing industry-specific courses.
One aspect could be to invite industry experts to the institute who can address students about current industry scenario and train them in skill sets desired by the corporate world. Besides, universities should initiate programme under which faculty members could be sent for internships in organisations to bridge the academia-industry disconnect. These internships can further help the faculty frame courses and curriculum that is more application-driven and relevant.
Last but not the least, it is extremely significant for any student to pursue his/her management education from a reputed B-school to ensure great learning, future progression and better career prospects. A non-reputed B-school may compromise on all this, causing more harm to a student then doing any good.
– Authored article by Dr Dayanand Pandey, Professor and Director, School of Business, UPES, Dehradun
(This article first appeared in India Today on October 3, 2017. To read the full version click here)