Advantage MBA…
by Amit Bhagria on Wednesday, September 16th, 2009 | 17 Comments
The importance of MBA degree lies in the fact that it is the confirmed ticket to the corporate world. Many more aspirants are taking new and advanced courses in MBA to accelerate their career growth so that they inculcate the much needed management expertise and business acumen. A mere mention of an MBA rank adds value and weight to one’s resume which gives an edge over others who are not.
Going back to the old days having a graduate degree was considered a big achievement in itself. This mindset dominated for long however talking in the current context and tough market conditions, only one degree isn’t enough to get your dream job. An MBA degree seems to be an apt solution to make your resume stand out from the rest of the crowd and add wings to your career growth. Attachment of an MBA tag or program today have a value proposition understood by everyone. The education industry has undergone a major transformation for the number of oppurtunities it offers to students allowing each one to pursue the career of their choice which is close to their respective aptitudes and interests. The number of people applying for MBA programs comprising of national as well as MBA international programs are from two to one year mba programs. The employers look for differentiators when they are look out for talent. And possessing an additional degree is a definite differentiator. Secondly, given the unprecedented decline in availability of jobs for fresh candidates due to the global slowdown, students see this time as a great opportunity to hone their existing skills or even add a few. And having an MBA degree in addition to your regular ones is certainly the way forward.
Does an MBA Degree ensures a job especially in the current economic upheaval?
Placements for MBA graduates from premier institutes continue to be quite attractive even now. However on account of the downturn, companies are forced to tighten their budget and the number of available jobs continues to shrink with firms starting to get more selective in terms of where they hire from. The MBA tag alone does not bring with it any guarantee of a job; where one gets the degree from is also a factor that influences the decision making process of the employer.
An MBA degree ensures the employer of the candidate of having a basic level of competency. The slowdown has affected all job opportunities at different levels, and it has affected students with MBA degrees too. However, the impact is not as high, as by and large, more MBA graduates do have a job offer as compared to a student with a bachelors’ degree alone.
However, is the slowdown a good time to quit the job and go in for higher education?
Going for a higher education anytime is a wise decision, irrespective of the ongoing slowdown and is a practical approach that will bear positive results in the future. When the economy is booming, people who are already working may be too busy to think about getting a degree or going to a technical school, but when the economy is slow and people are re-evaluating their priorities, education, especially in terms of an extra degree does hold a lot of significance and becomes a consideration. However, one needs to evaluate his/her priorities, for example, family life, age, financial status, etc. to take this kind of a decision.
Why the upsurge in enrollments?
For starters, a tougher job market forces people to strengthen their resume. Slower growth within the ranks in their organisations during a downturn also means that there is a lower perceived opportunity cost of taking two years off to pursue an MBA. As the job market becomes tougher, an MBA allows one to differentiate themselves from the crowd. It always helps to add to one’s skills, irrespective of what career stage s/he is in. However, skills can be added while working on-the-job, or through a formal, full-time program. If given a choice, it makes more sense to earn-while-you-learn.
While an MBA is certainly a differentiator in today’s job market, a degree alone does not ensure accelerated career growth. Some of the ingredients for a successful career continue to remain constant: a go-getter attitude, excellent team management skills, and most importantly, one’s ability to innovate. Today’s job market demands professionals with abilities beyond just the knowledge of the subject and an MBA degree is certainly the way forward. Distance Learning MBA Programs from reputed institutes are also gaining importance. There are also part time classroom courses available in case one is reluctant to leave his current job status to pursue higher studies.
Why is an MBA degree important?
Why is an MBA degree important?
MBA as an education – makes one understand the language of business.
MBA as a degree – makes one equip with enough analytical skills to be able to take appropriate decisions.
MBA as a career decision – fosters excellent career growth opportunities.
Ideally, the benefits that one can derive from an MBA education is much higher when the student has prior work experience.
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well am not MBA and this makes interesting reading. I am seriously giving it a thought. However, i would like to know if correspondence MBA degrees are offered with some internationally recognized institutions.
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Ya there are couple of institutes which provide assistance in completeing MBA via correspondence. You may check the net for more details
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Hi Amit and thanks for your valuable posts.Am MBA freasher please suggest me in choosing the career.
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Hi,
I’m not an MBA but i am giving it some serious though . I’ll love to pursue my MBA this year or next but i am not sure if i will do it by correspondence
Thanks
Judy
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is it better if we do mba in abroad ?? which one is better mba in abroad or mba in india?
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Hello Mr Bhagria,
I am an MBA(Marketing and HR) fresher and looking for a suitable job. I have done MBA after MSc in Chemistry. But its more than 3 months I am seeking job, now I am forced to think whether my decision of doing MBA was correct or not???
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Hi Amit
I am a MBA but its really a nice article, worth reading.
Now a days there are thousands of college providing MBA degree but they are just providing degree the skills which are actually needed are not imparted so whosoever is seeking to go for MBA must do a bit of analysis of the college like taking admission to the college will be worth to add skiils?
Also try to develop good communication skills, team building skills, listening & convincing skills with your own efforts.
Regards
Sakshi Gupta
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Hi Amit,
Hope u r 5n,….actuly i was planning to do mba but suddendly my mind changed into doing Postgraduation in Hr. Plz guide me for the same whether mine decission is right…bcoz i think dng mba or pg is same…
Happy Teacher’s Day.
Thankz nd God Bless!
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Thanks Amit, for your vitally important advice.
I have been contemplating to do an MBA or MBL for a while, now. Once other high priority family commitments ease down, I will embark on one of the two masters degree. Any internationally reputable institution of higher learning which offers these masters through correspondence mode, you know and would recommend?
Thank you.God bless you.
Daniel-Zimbabwe
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Thanks a lot Amit, really your writings are the eye opener for me and many….Please do continue.
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HI AMIT,
I’M DOING MY MBA IN HR. AND I HAVE COMPLETED MY B.SC NURSING IN UG. U MAY GET A CONFUSION THAT Y I CAME MBA AFTER FINISHING MY NURSING. BUT I HAVE INTEREST IN MANAGEMENT ASPECT. BUT NOW I HAVE A CONFUSION THAT WHETHER I COULD GO IN HOSPITAL SIDE MANAGEMENT OR ELSE CAN I GET JOB OPPERTUNITIES IN OTHER CORPORATES. PLEASE CLEAR MY DOUBT. I’M WAITING FOR UR ANSWER.
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I am MBA EXECUTIVE IN MARKETING BUT IN PAKISTAN OPPORTUNITIES ARE LESS.
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HI AMIT JI
I AM PURSUING MBA IN OPERATION MANAGEMENT FROM ICFAI
UNIVERSITY
THANK A LOT AMIT,REALLY YOUR WRITINGS ARE THE EYE OPENING FOR ME
PLEASE DO CONTINUE
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Dear Sir,
I have done my MBA in Sikkim Manipal Uni. Through Distance Edu. So I havent any Practical Knowledge for HR Work. my special subject is HR. But I m working as a sales Coordinator since last 2 years. Now i want to make my career bright in HR Field. So please assist me what to do? what should i do to gain my knowledge in HR, so that i can build up my career as a successful HR personnel.
Waiting for your reply.
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Hello amit sir
i have complete my MBA last year. now i m doing job in hr dep.last 2 month but i have no more knowldge in hr process.so i have face big problem in hr dept. Then what i do sir
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Hi,
Undoubtedly MBA is one of the requirements to get a job and also has edge over others in the competition. Some organisations have policy that they recurit only MBAs.I heard from the experienced people saying that MBA is a mere paper for them, but it has a value in competing the job market. Now-a-days MBA is ladder for entering into the corporate world. Education, Experience and Exposure play a key role in the corporates. Without any one of the “E”s, it is tough to enter into corporates. So whatever be the age and experience, it is better to do MBA degree if someone does not have.
regards/sivaram
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Hi Amit
I am Pursuing MBA. and your articles are really very Knowledgeable. You are doing a great Job. From you I am getting inspired and motivated. I hope and I am sure also that for me great career is waiting ahead, and for that your guidance is required.
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