Understanding the worth of MBA in changing times
It is frequently quipped that there are multiple graduates for single job profile in India. Employment ratio remains bleak in present time and news regarding students unable to pay back educational loans is doing rounds in major channels. This leads to question if an MBA can earn a high paying job? The answer is yes! Always. Read further to understand the details: The how’s and the Why’s
- Business programs are retaining prominence. As across the globe an MBA is perceived as the top contender in the job market. This is due to fact that MBA students have made a mark to explore themselves and innovate.
- Growth and risk taking are two abilities important to an MBA. Both for his present and future. It is this quality that makes business love MBA and their zeal.
- The full time MBA programs across the nation remain competitive. It is estimated that on an average b-schools receive an average of 40 applications per single seat.
- Nearly 73 percent graduate business programs report increased application volumes! The trend is surely of an MBA.
- MBA helps a person in investing in themselves the qualities that make them preferable to the employer (time management, soft skills, market insights and risk taking ability).
- Also, the program is designed to survive the dynamic economic environment with its multidisciplinary approach towards business and people management.
- The MBAs tend to be digitally aware in tapping consumer expectations and improving post purchase experience. When combined with the networking opportunities, these results in an amalgam of customer satisfaction and relationship building (further strengthening the employer’s preference).
- With an entrepreneurial mind set (which is imbibed through numerous project assignments), many MBAs etch a new part for themselves (as job creators) and work towards goals like sustainability and Social ethics.
- MBA programs in countries like Europe and Canada are experiencing growth at twice the rates in other nations for their MBA programs.
- However in U.S.A. just 32 percent of the programs report growth in terms of international applications.
- Similarly, two-thirds of United Kingdom programs have seen positive growth trends. This number is just 65% in comparison to the 77% figure of the Canadian programs.
- In these applications, women comprise of 42 percent of the total applicants (which have gradually increased in number.
- The Economist reported that the number of MBA degree holders in the USA have increased by seven-folds (since 1970).
- It can be easy to get intimidated by the business school trends. Students however end up selecting a school that hardly fits in with their life and learning goals.
- The prestige of the b-school and the brand equity is important for bringing employers to your institution but your personal enthusiasm and desire demonstrates your commitment to the work (and selection outcome as well).
- Some people choose to study their MBA because of the global career progression it promises while others hope to modify their salary structure through this career progression. A few end up taking the giant leap of faith i.e. changing sectors and geography, in one small but bold move.
- For an MBA programme, collaboration is the success key. Every b-school and its students need to be in contact with local organizations and their developments to understand their outlooks.
- With the resources dedicated to student development and activities designed to enhance the same, MBA students get the best exposure during the course as well as get groomed during internship phase.
- Many b-schools invite the top executives for round tables, speaker sessions or a meeting to boost the horizons of learning. A business school success is related to the business opportunities it can provide for its students. And thus, all are in race to produce the next best CEO.