MBA – The Right Choice
Corporate recruiters the world over are realizing the importance of long term investment in human resource capital. They are looking at MBA post graduates like never before. Your decision to go for that masters in MBA has been the correct choice for now the recruiter is waiting to make his right choice – to pick you!
Management schools work like finishing schools where graduates from other disciplines (software, technology, even the liberal arts) can seek a four – year degree in business administration to sharpen their managerial skills. Investing in a management degree is worth every rupee paid for, as the education equips you with the right work ethics so essential in running business ventures. It gives one the right base to start one’s own business enterprise, another offshoot of today’s economy, in becoming more self reliant. New emerging sectors have opened the doors to many opportunities of resource management. These are in health and pharmaceutical segments, finance and accounting. Newer products and services in Information Technology; entertainment and leisure activity, require huge managerial skills. In India too, these are emerging sectors in which business graduates can make all the difference.
Salaries have rocketed for MBAs defying any economic downslide anywhere in the globe. In the context of globalization, Indian companies and MNCs working in the country cannot work in isolation alone. They will need managers who can strategize and plan operations in the global market. The buzz words are efficiency and competitive advantage. Indian students, both educated in India or abroad, are also looking to and are in demand in the global job market.
Consider this, The Boston Consultancy Group identified 100 companies from rapidly developing economies that are globalizing their business and are poised to become global challenges. Twenty one such companies are from India alone, combining revenue of $ 93 billion (Rest. 418, 510)! This will need huge managerial talent – top class talent – people not with just an engineering or IT degree but with managerial skills and with a background of knowledge in international business operations.
Pursuing an MBA after a few years as a business analyst or project manager, at a reputed Indian company, is also the right choice for a number of pay offs. Even for those who have put in some to good many years of work, an MBA helps in updation of their skills and refreshing their minds in handling old situations in a new way. That is why getting back to school to get that MBA, is making a whole lot of sense. For global recruiters, continue to repose their faith in business graduates despite fluctuating economies.
India too has woken up to this challenging need: bright managers who are willing to push the envelop.
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Pursuing Master of Business Administration [MBA] studies has nothing to do with age. There are no age constraints but you must know your goals and your expectations from the MBA course. If you feel you should go in for a doctorate degree instead, then do so.
An MBA degree may be important to secure your professional future. MBA studies equip you to handle the opportunities and threats of today’s dynamic business environment. New products, new markets, offshore work, mergers, and new technologies all create uncertainty as well as an opportunity. An MBA helps you to take advantage of the opportunities and protects you from the threats. It provides you with a broad view of the functional areas of business.
Indian students usually opt for an MBA immediately after completing their undergraduate studies. At this time, they are in their early twenties and may not have any work experience. Students in many U.S. business schools are older and have worked for a few years before pursuing business studies. If you attend an U.S. business school and you have not worked before, you may be at a disadvantage in class discussions that expect a certain degree of corporate knowledge from the participants.
If you have short-listed a business school where the average age of students is much below or above your present age, you should reconsider your decision. Otherwise, you may feel out-of-place in the classroom. An MBA offered through distance learning, or a part-time MBA for working people or an executive MBA are other options available to prospective students.
So it is important to be sure about your goals and your expectations from an MBA course while selecting the business school and the MBA track.
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