Reason to cheer for IT professionals: MBA is the savior!
The Trump government led US reforms in self sufficiency and job growth are taking a toll on Indian IT sector. The Parent country nationals (PCN) of the Indian IT companies abroad are facing inherent threat to their survival as well as future in a greener pasture. The once booming market for students has slowly shifted to that of job losses. This trend is making negative impact on both the employed and the would be employees of the sector. Hence it is the best time to rethink the job strategies today.
Gloomy figures
The slump in the sector came as a havoc for IT professionals across the country. The same went for the related services.
If figures are to be believed, Hirings across the Indian IT sector will weaken between October 2017 to March 2018.
Also, Multi-billion-dollar Indian IT companies are trimming working and operation costs after being hit by the fast-changing international business landscape. Many people are returning back to the nation and creating competition in the existing paucity of jobs.
The number of layoffs that the crisis demands is at a steep hill and the road is indeed gloomy. This is raising concern on the future of Indian IT industry and its incumbents. Perhaps this trend will take another year of hardships to dispel. But the layoff trend in small organizations is evident and increased instances of stress and negativity are observed. The IT majors like Wipro, Infosys etc are also undertaking all efforts to regain its efficiency and profitability.
MBA as the savior
The trend of incubation of trained freshers at dismal salaries are observed in the system and senior officials find themselves in race to save their experience and chair from these younglings. Also, Companies are now forced into looking for a talent, well versed in the market and is ready to hit that downhill journey.
In this era of high uncertainty, it is important that companies and professionals should adopt path of transformation in their attempt of survival and growth.
For this, a degree of capabilities like an MBA program can become suitable approach to counteract the fast-changing employer needs. Such an important decision can make the difference between a win and loss. Whats more an MBA program easily adapts itself to the previous job experience and propels to a future of brightness.
It is always advisable to adopt a full time MBA program, if you can invest the time and money. The course is an exciting combination of learning, network and experience along with an unmatched credibility. An MBA program needs dedicated outlook and quantitative aptitude to unlock highly in demand specialisations like logistics, Supply chain management, healthcare management, etc. The case studies quench your thirst for knowledge as well as caution you against the impact of a wrong decision. Your IT career will further make you an indispensable asset for organizations for their ERP and MIS softwares.
The Master’s effect
The Masters Degree in Business Administration, is a qualification that can keep employees safe due to being malleable in outlook and save from layoffs as well. Due to the proactive and cross-functional learning experiences, an MBA never goes out of context. Whats more, you can jump in the bandwagon of entrepreneurship as well.
The personal aspirations shoot up after this course (and so does the competence) to achieve endless possibilities and better chances of promotion. A specialisation in a stream offers excitement yet a multi specialisation helps fight future uncertainties.
The top business schools give high preference to experienced professionals and are also diverse in their background. Students ranging from Engineering, Science, Commerce, humanities ensure that you have a multicultural and exciting range of friends. As a team, it can boost your employability and efficiency as a cross cultural manager driven towards customer delight.
The change in making
The B-Schools across the world have evolved their pedagogy to incubate projects, case studies, industrial visits and guest faculty exposure. They cater not only to the growth of shop-floor employees but also to the prime infulencers as well. This makes the curriculum an exciting and futursitic approach which appeals to all sectors of the profitability. A lot of schools add their own tweaks and make the students take an extra cherry over the routine MBA program.
On an exponential growth spurt, these management development initiatives attract not just job seekers but job providers as well for they wish to cater to the needs of the Gen next and hence taps their influencers. This trend of B-School enrollment will substantiate that the students with work experience are opting for honing themselves for the challenges of future. This trend is here to stay.
The scholars learn strategic decision making with a focus on optimization of ever dynamic business environment.
Therefore it is imperative to add that for a student to pursue management education, a backing from best B-school is essential to ensure training, learning, progression and leadership capabilities. A non-reputed institution may promise to provide all the facts without yielding same results. Yet MBA from a top notch institution will ensure positive return on investment. So if it means to sacrifice two years of pay for an illustrous career then my dear friend, you need to take the plunge right now! For the benefit of a better life should never be procastinated but taken with both the hands.
Conclusion
An MBA program prepares you not just for personal growth but for professional development as well. The worth of the training dwells in the thirst of the learner to understand and appreciate the importance of risk taking. The risk factors bring good returns in their wake and should not be sacrificed for the sake of the comfort of the present.