FOR BUDDING ENTREPRENEURS:
Kumar has five years of work experience
in sales and marketing. He is currently pursuing an MBA because he wants to set up his own business. Vibhor had set up his
own enterprise in outsourcing software solutions, which did not do too well. After his MBA he aims to invest in his own IT
enterprise and says his greatest joy would be in creating job opportunities in his own country. An MBA helps such candidates
acquire the foundational skills and knowledge to set up successful entrepreneurial ventures.
FOR GLOBAL ASPIRANTS:
Shwetha wishes to build on her experience in HR and auditing and gain the
perspective of a global investment banker. She is on her way to pursue an MBA at Babcock, US, in order to further her ambitions. Following
two years at a British business school, Narendra plans to join a capital market unit with a dominant international presence.
He feels that this will provide him a great learning experience from a global perspective in terms of understanding the structuring
of sophisticated financial transactions, from mergers and acquisitions to private debt and equity placement, and that in the
long run this would help him in terms of setting up his own financial advisory firm. Such candidates take advantage of the
opportunities offered by an MBA in the international job market.
Many people do an MBA to build personal and professional contacts and also to improve
on their people management skills. An MBA is not simply an academic degree, but is a business qualification that has a vocational
bent. Its purpose is to create general managers and the individual starts to build up a network at the B-school itself. People
management skills are required no matter what profession one is in. Whether you are in academics, armed forces, aeronautics,
business administration or the health industry, you will always be working with a group of people. An MBA helps the candidate
to wear the various hats of a leader, team worker and an effective communicator.
Prof Frank Hendelson from Rensselaer
Polytechnic Institute located in Troy, NY, said: ‘‘The MBA degree is unarguably the most talked about degree today.
It is not just an academic qualification, it is also an excellent way to share reallife experiences of people who have come
from different corporate environments. Just technology transfer from one nation to another is limiting global growth. Interaction
with people who come from diverse cultural and social backgrounds add value to life.
MBA - MEANS OR AN END?
An MBA certainly boosts careers. But how useful it is when it comes to
work dynamics when one has joined an organisation is perhaps questionable. Amitabh Srivastava, programme director, Manya-Princeton
Review, said: ‘‘I would say that an MBA simply quantifies learning that sales and marketing personnel imbibe as
they go along in their career. I feel I have learnt much more from my sales and marketing experience than from my MBA. Top
companies like Intel, IBM and Microsoft have the vision to go for the right skills match in an individual, rather than simply
his or her qualifications.’’
Continued From..... Why an MBA? part-1
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