Does MBA make sense..??

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This presentation answers the question of Why one should opt for a MBA degree..!!

This presentation answers the question of Why one should opt for a MBA degree..!!

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  • Gig scenario School
  • Instead of relying on business school to succeed, deliberately practice the skills necessary to become a master in your chosen field. Build a network that supports your professional aspirations. Work on projects that show you can have an impact in the real world, dealing with practical problems. Most of all, put yourself in the shoes of your future boss and imagine whom you would rather hire: the candidate who built a profitable business over the course of two years, or the candidate who sat in lectures and reviewed case studies to get a degree?
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  • http://www.gmac.com/why-gmac/gmac-news/gmnews/2013/may-2013/employer-hiring-up-for-mbas.aspx http://www.theglobeandmail.com/report-on-business/careers/business-education/job-prospects-looking-up-for-mba-grads-survey/article12055994/ http://www.campusexplorer.com/college-advice-tips/D4FE817A/How-Much-Will-an-MBA-Increase-My-Salary/ http://www.aventis.edu.sg/mba-return-investment.html
  • http://www.gmac.com/why-gmac/gmac-news/gmnews/2013/may-2013/employer-hiring-up-for-mbas.aspx http://www.theglobeandmail.com/report-on-business/careers/business-education/job-prospects-looking-up-for-mba-grads-survey/article12055994/ http://www.campusexplorer.com/college-advice-tips/D4FE817A/How-Much-Will-an-MBA-Increase-My-Salary/ http://www.aventis.edu.sg/mba-return-investment.html
  • http://www.gmac.com/why-gmac/gmac-news/gmnews/2013/may-2013/employer-hiring-up-for-mbas.aspx http://www.theglobeandmail.com/report-on-business/careers/business-education/job-prospects-looking-up-for-mba-grads-survey/article12055994/ http://www.campusexplorer.com/college-advice-tips/D4FE817A/How-Much-Will-an-MBA-Increase-My-Salary/ http://www.aventis.edu.sg/mba-return-investment.html
  • http://www.gmac.com/why-gmac/gmac-news/gmnews/2013/may-2013/employer-hiring-up-for-mbas.aspx http://www.theglobeandmail.com/report-on-business/careers/business-education/job-prospects-looking-up-for-mba-grads-survey/article12055994/ http://www.campusexplorer.com/college-advice-tips/D4FE817A/How-Much-Will-an-MBA-Increase-My-Salary/ http://www.aventis.edu.sg/mba-return-investment.html
  • http://www.gmac.com/why-gmac/gmac-news/gmnews/2012/december-2012/job-market-looking-up-for-those-earning-graduate-degrees-in-2013.aspx
  • Analytical: These were deemed to be subjects that Financial: These were deemed to be subjects that addressed financial information about a firm or the economy including: accounting, economics, finance, econometrics, etc. Interpersonal: These were deemed to be subjects that addressed interpersonal skills or the management of people including: leadership, people management, human resource management, communication and dealing with change.
  • An analysis of the undergraduate degrees of all the CEOs showed that 45% of CEOs had pursued engineering while "The trend of a higher percentage of CEOs having studied engineering and commerce along with an MBA seems to be in line with the traditional educational belief system in India. Most people perceive that this path provides valuable skills for going up the corporate ladder along with helping sustain the competitive advantage to become the CEO
  • Analytical: These were deemed to be subjects that Financial: These were deemed to be subjects that addressed financial information about a firm or the economy including: accounting, economics, finance, econometrics, etc. Interpersonal: These were deemed to be subjects that addressed interpersonal skills or the management of people including: leadership, people management, human resource management, communication and dealing with change.
  • Analytical: These were deemed to be subjects that Financial: These were deemed to be subjects that addressed financial information about a firm or the economy including: accounting, economics, finance, econometrics, etc. Interpersonal: These were deemed to be subjects that addressed interpersonal skills or the management of people including: leadership, people management, human resource management, communication and dealing with change.

Transcript

  • 1. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. Does MBA make sense ?? The information contained in this brochure is meant to serve as a collection of data derived from public space. Details provided have been cross checked wherever possible however they are liable to change. The CL Educate has made all reasonable efforts to provide most current and accurate information. In this changing scenario, with more & more B Schools disclosing only very specific information , CL Educate will not be held liable for any unintentional errors or omissions that may be found. As such, the CL Educate does not assume responsibility or liability for any Third Party information or opinions provided. Publication of such details is simply a recommendation and expression of the CL Educate’s own opinion.
  • 2. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. Do you see a Globe ? Or a Global Market Place full of Opportunities If you see things differently MBA is for you
  • 3. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. Why people do an MBA ? Should you not do an MBA? Why MBA is A Must ? Is getting another university degree the recipe for Success ? • Youth employment is the lowest since the 1950s, and for the first time more unemployed people have college experience than not. • Competition for new jobs is fierce, with 50% of the world's population under 30. • Industry looks at MBA as basic qualification for certain roles • The prospect of forgoing business school in favor of real-world accomplishments is scary for many new college graduates. When you are competing against 3.5 billion people, it pays to be different. • As the cost of education increases, it's important to know if you'll get your money’s worth and see a positive ROI.  • What matters exponentially more than that M.B.A. is the set of skills and accomplishments that are needed for success. • Study abroad 30%+ dearer [ Upto 70 LPA/ 2 year Courses in Well known Universities] If you can identify and practice the skills necessary to become a master in your chosen field you don’t need an MBA otherwise you do
  • 4. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. Value Ad or Just another Fad • MBA offers broader career choices than traditional courses. • Offers wide range of opportunities and profiles unlike traditional career options such as Bank PO or Civil Services • MBA is a vocational course; highly sought after by industry • Industry/ Function flexibility • Superior Launching pad: The pedigree factor and the 1st job from the campus • Alumni and peer network
  • 5. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. So, Should you be an ‘IIM Alumni’ ? • Those who realize no good company is going to hire you simply because you are from an IIM but are prepared to work to achieve their goal (be it through academics/committees/networking  (or politicking, depending on how you see it)/B school competitions). • Those who value the long term value of an IIM degree and can look beyond the first pay cheque. • Those looking to interact with some of the brightest and most accomplished minds and who are ready to not be overawed (or drown in their own jealousy/inferiority complex) but learn from them. • Those looking for a meaningful shift in their careers • Those with less than 2 – 3 years of work experience looking to add on further skills from Sales (and sometimes Marketing) or General Management to HR. MBA is an arena for experimentation & experience
  • 6. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. Beyond the Hard Cash Most under-rated reasons why you should get an MBA but probably the most important one’s 1.The chance to realize how little you understand about the world.   2.The chance to make some lifelong friends who will accomplish great things over their careers in business.  3.The chance to learn about how to get a bunch of high-strung, Type-A personalities to work together as a team 4.The chance to think about the global economy and not just your little world.  ’ 5.The chance to stop and reflect on big business issues.   6.The chance to interact with Professors & accomplished executives when they come to talk at your school who will really challenge you. 7.The chance to learn about managing people.   8.The chance to learn how to get up and string a few sentences together. The chance to focus or refocus yourself
  • 7. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. Employer Hiring Trends - 2013 A survey* conducted across 900+ employers in 50 countries globally brought out the following •Globally, 75 percent of employers plan to hire MBAs, up from 71 percent that hired MBAs in 2012 where as across other qualifications this is only 54%, 2% over 2012 level. •This is an strategic increase through past six years with exception of in 2009. •Companies in Asia-Pacific are experiencing robust growth and planning for market expansion in 2013, creating higher demand this year for MBAs and master-level candidates. •Companies in a hiring mode expect to take on an average of 14.6 MBA graduates in 2013 up from 11.4 in 2012. •Sectors in which more employers worldwide plan to hire MBAs this year than in 2012 include: energy/utilities (17% ^); healthcare (12% ^); and consulting (10% ^). •Services and finance are the two dominant sectors where students are getting most opportunities in India Survey Organizer: EFMD , MBA CSC & 158 B- Schools worldwide participated in GMAC’s 2013 employer study
  • 8. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. Employer Hiring Up 4 % for MBAs in 2013 According to the GMAC survey, there is expected increases in salary after earning an MBA for several major sectors of the economy According to the GMAC survey, here are the expected increases in hiring of an MBA by Employers across the Globe Survey Organizer: EFMD , MBA CSC & 158 B- Schools worldwide participated in GMAC’s 2013 employer study
  • 9. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. MBA’s put value to their own Returns According to the GMAC survey, MBA’s on returns from their degrees Professional 86% Say their promotion came faster than or when they expected Personal 93% Agree the degree was personally rewarding Financial 4 Years is the average time to recoup full return on investment $ Three main rationales for getting an MBA to reach the top Intellectual capital (knowledge ) Social capital (network) Legitimacy (brand name)
  • 10. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. Salary increase post MBA Survey Organizer: The Association of MBAs* 2008 career survey Even with the omission of the lowest and highest-growth countries represented – New Zealand and China – the adjusted increase in salary remains significant. The survey shows an unequivocal increase in salary over time as a result of acquiring an MBA qualification. % increase in post MBA Earning Potential over pre MBA Salary
  • 11. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. -10 0 10 20 30 40 50 60 70 80 90 100 Direct from Industry Hiring Bachelor's MBA's Specialized MBA Master in Accounting Non Business Masters Master in Finance 2013 (Projected) % 2012 (Actual) % Difference Trend in hiring Data Source : GMAC 2012 Year-End Poll of Employers across the Globe Trends in hiring based on Candidate Profile Master in Finance Direct from Industry Hiring Bachelor’s Degree MBA Specialized MBA Master in Accounting Non Business Masters
  • 12. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. Theory & Application Are Interdependent A productive interface between Academia & Industry is critical requirement for inclusive growth as together they can prepare the Managers of tomorrow to handle real life situation Preparing For Tomorrow's Leaders Today Knowledge Expertise Training Research Experience - Mini Projects & Internships Faculty Placements Talent Pool Future Managers
  • 13. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. The CAT not a proficiency test; it’s a separation mechanism. CAT Exam Tests all essential skills in business and management • Problem solving abilities • Logic and Critical Reasoning • Data sufficiency • Time management • Performance under pressure • Decision making • Optimization • Strategy & Planning Valid Prediction of Likely Academic Performance • Analytical Writing & Thinking • General Awareness & Analysis • Communication Skills • Group Dynamics • Ethics WAT / GD/ PI • Logical , Rational and Insightful thinking • Decision Making • Interaction • Not just Answers but Solutions MBA & Beyond CL – Bridging you to your MBA & Beyond. CL provides a Platform to debate your thoughts towards suitable solutions not just answers
  • 14. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. This Skill evaluation forms part of Selection process where CAT looks at Aptitude and Personal Appearance covers the Attitude & Commitment Part Student Input • Analytical Thinking • Problem Solving Skill • Basic Communication Skills • Situation Analysis • Stress Management B- Schools Provide • Analytical Framework s • Industry Experience • Strategic thinking • Speaking up • Thinking critically during class/ Assignments Industry Acquires People who • Understand the corporate mindset & ethics • Have a good grasp of the deliverables expected • Can contribute right from day one itself The 2nd Skill evaluation happens during Placement where Industry looks for a FIT – between ‘Expected’ & ‘Perceived‘ Traits & Skills 0 The MBA Life Cycle
  • 15. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. B- Schools Demands Expected Traits in B- School Aspirants Outstanding Academic Skills & Discipline Good Communication Skills Industry related experience- a job / an internship Problem Solving Critical thinking Trans Cultural Sensitivity Desired Traits in B- School Aspirants Ability to contribute to the class Diversity of Knowledge Global Mindset General Awareness Managerial Potential for key positions
  • 16. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. Industry Demands Findings reported are based on responses from 1,096 employers who work with participating business schools. Survey conducted by GMAC # Traits listed on the basis of importance % Companies That Want These Traits Leadership 51 Initiative 44 Professionalism 36 Motivation 36 Integrity 38 Pressure Management 44 Achievement/goal orientation 46 Innovation/creativity 35 Adaptability 32 Collaboration 30 Efficiency 13 Listening ability 10 Discipline 9 Persuasiveness 7 Cross-cultural sensitivity 6 Diplomacy/tact 5 Effective Followers 5 Empathy 4 Delegation skills 2 Industry related experience, either from a job or an internship Critical thinking Strategic Planning Leadership Innovation Problem Solving Strong communication skills—both written and verbal Desired Traits in MBA Hires*Expected Traits in MBA Hires#
  • 17. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. How B-Schools Pitch in Bridging the Gap B- Schools bridge the Gap between Theory and Practice via Case Discussions, Project & Research work , Summer Internships, Industry Visits, Simulation Competitions & so on *Constructivism is a theory to explain how knowledge is constructed by the human being. When information comes into contact with existing knowledge that had been developed by patterns are formed and remembered Theory Subject Level Theory Basics : Marketing , Finance , Operations, HR, IS etc Advanced : Specializations Constructivist* Approach Brainstorming Case Discussion Rethinking Practice Real Life Learning Analyzing Actual Business Environment & Situations via Theoretical Concepts Experimentation with Solutions Market Research Analyzing Results of interventions – Reflection in Action Learning Outcomes Assessment Reflection on Action Experimentation Application Learning's
  • 18. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. Industry Demands B- School Supplies Analytical : Addressing the handling of information and the method by which decisions are made based on data, including: statistics, decision making, data analysis, logistics, etc. Financial : Addressing the financial information including: accounting, economics, finance, econometrics, etc. Interpersonal: Addressing the skills for the management of people : leadership, people & human resource management, communication & dealing with change. Functional: Skills addressing information about business, how it is structured and how it promotes itself, including marketing, strategy, corporate structure, etc.  Case study method teaches hard skills like concepts in marketing, softer skills such as owning a point of view, persuasive communication and thoughtful debate.  Opportunities in form of competition and exchanges to explore one’s own path - whether it be consulting, entrepreneurship, non-profit or marketing.  Wealth of opportunity in form of Real life projects from industry, Case Simulation Competitions  The resources it takes to bring it all together.  Case study method teaches hard skills like concepts in marketing, softer skills such as owning a point of view, persuasive communication and thoughtful debate.  Opportunities in form of competition and exchanges to explore one’s own path - whether it be consulting, entrepreneurship, non-profit or marketing.  Wealth of opportunity in form of Real life projects from industry, Case Simulation Competitions  The resources it takes to bring it all together. Application Skills Required by the Industry can be grouped Corresponding Skills developed by the B- School
  • 19. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. Engineering + MBA Ticket to success at India Inc* Survey Across BSE 100 Firms findings 70% of CEOs had post graduation degrees while only 30% were undergraduates. Under Graduate Degrees of CEO’s –Engineering degrees : 45% Commerce Degrees : 20% 78% had completed post graduation. 64% of those who pursued a postgraduate degree did an MBA. 42% of the CEOs finished their MBA degrees from top management schools such as the IIMs, XLRI, Harvard, Stanford and Wharton. India vs Abroad : All the CEOs who completed an MBA degree, 45% had done so from India while 55% from foreign universities . Professionally Run Firms : 54% of CEOs had an MBA and a majority of them were from an engineering background. Family Run Firms : 69% CEOs from family-run companies had done their post graduation and 83% of those postgraduates had pursued an MBA afterwards. Survey Organizer: Randstad + TOI - Delve deep into CEOs' CVs according to the study which was conducted among the BSE 100 firms The trend of a higher percentage of CEOs having studied engineering and commerce along with an MBA seems to be in line with the traditional educational belief system in India. Most people perceive that this path provides valuable skills for going up the corporate ladder along with helping sustain the competitive advantage to become the CEO
  • 20. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. MBA College Life – Is it really differentYou have classes You have homework You have friends You go to parties You eat junk food Probably You smoke & drink You act irresponsibly every once in a while just to see how it feels. You go to the extra curriculars you like you take the classes that interest you & some which don’t You Graduate After Two Years So is it really different from the other colleges? It's absolutely is You meet brilliant and wonderful people here The classes are usually taught by great and engaging professors Peer Group is all Intelligent & Perceptive The campus and locations are fantastic It leads to Changes in perspectives & Increased Opportunities The content is comprehensive. The resources are practical. The design is seamless. You have lifetime access to network you build. This isn’t just another business training program. B-School is by far the best business training apart from field work
  • 21. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. A day in the Life of a B- School Studenta 3:30 PM 5:30 PM 6:30 PM 6:45 PM 9:00 PM 10:30 PM 11:30 PM 12:15 AM Breakfast the most important meal of the day ….not to be skipped … gulp it as countdown for the quiz begins or the sacred doors are shut 1…2…3 Quiz – to open the day Assignments Submissions …… Case Study Discussions ….. Presentations…… Project Updates ….. Class Participation with Lunch time no where in sight After climbing a mountain of knowledge by some of India’s best faculty members, some by Google & Peers you finally get to take a lunch break at mess Power Nap …Definitely to stock up on energy Or Good time to Inform the loved one’s that you are still alive if not in person atleast in photo frames Attend a guest lecture to be taken by somebody who is someone in some top MNC Or Meet the professor to discuss your performance or your project if you are lucky Participate in the Society discussions to plan the activities for the upcoming week. Suddenly you feel that 24 hours in a day are just not enough to keep up with the pace. Healthy mind resides in a healthy body …..A quick round of table tennis or jogging or even NFS is contested as keenly as any marketing case. So are the baddy and TT matches. You are reminded of an international case study competition for a consulting firm for which you had registered the previous week. The deadline stands at 23:59:59 today or tomorrow. 12:30 AM 2:30 AM 3:00 AM 7:30 AM 9:25 AM 9:30 AM 1:30 PM 2:30 PM Dinner & Gup Shup time Food & Gossip – The most healthy combination followed by a long walk across the campus rejuvenates you for long hours ahead Group discussions can get pretty hostile. Nightfall sees a hundred groups huddled together in rooms, the computer centre , the lib etc. all over campus. There are cases to rip apart and submissions to make. Assignments & Project Reports , white papers , competitions to send entries to & the best part is Deadlines usually are 12:00 AM …So you still have 30 minutes or 1800 secs to go …Buck Up Tea / Maggi at Mess/ Nescafe to Sustain you for another 4 hrs
  • 22. Empowering Minds. Creating Opportunities.Empowering Minds. Creating Opportunities. For Further Details,Please Contact: CL Educate Limited 312,3rd Floor, JOP Plaza, Opp McDonalds Near Noida Sec-18 Metro Station, Noida,Uttar Pradesh Phone: 0120-4315941/42, 9873911140