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Mba education and its utility in the corporate world


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Mba education and its utility in the corporate world which helps understanding the MBA course in this prospective of business communication part

Mba education and its utility in the corporate world which helps understanding the MBA course in this prospective of business communication part

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  • 1. M As Galore B M A education and its utility in the corporate B world Section: B Group Number: 4 Presented by: Ranjeet Kumar Singh
  • 2. Introduction  The MBA program originated in the United States in the late 19th century as the country was undergoing rapid industrialization and companies sought out scientific approaches to management.  Very good reception from the manufacturing and banking sectors (strongholds of the US economy at that time). The program gained immense popularity in US and grew rapidly.  MBA infiltrates Europe in the 1950s. India was bitten by the MBA bug in 1957.  Post liberalization period (post 1992) in India saw a surge in the no of B-schools. MBA became the most coveted professional degree. No of MBAs grew from a mere 700 per year in 1961 to 100,000+ in 2011.
  • 3. Birth and growth of MBA MBA arrives in India. IISWBM and Delhi University start MBA programs. IIM C and IIM A start functioning in 1961. Offer PGDM.
  • 4. Meteoric growth story of MBA in India 2011 – More than 1 lakh MBA grads
  • 5. Global Statistics – Exponential rise in the number of MBA graduates  Stating from the early 1950s, MBA programs received tremendous industry patronage and grew at an exponential rate.  Rise in the last 35 years has been significantly high. From a mere 20000 graduates worldwide, it has reached an amazing figure of 6 lakh MBA graduates.  The Global Trend shows that even though no of MBAs have been increasing exponentially over the years, post recession, the trend has slowed down.  MBA education is Reaching its maturity stage.
  • 6. Utility of MBA  MBA as a degree evolved due to the needs generated by the rapid industrialization in US. Hence its utility lies in the basic need of the industry – scientific approaches in management.  MBA empowers professional with an in depth knowledge and prowess of specific areas such as Finance, Marketing, HR etc.  MBA’s with their knowledge and skills help industries develop better processes, provide better services, bring in novel ideas and inculcate innovation – thereby making the business more profitable.  With rapid advancement in Technology the requirement for more adaptive and technologically well versed MBAs is becoming imperative. As MBA is constantly evolving and aligning itself with these needs, recruiters are getting the right fits from the MBA graduates.  Over the years MBA graduates have grabbed the highest compensation packages from the leading players in the industrywhich shows the continued confidence of the industry in their abilities and their utility.
  • 7. Future of MBA  The global recession in 2008-2009 was a bitter shock to the MBA graduates, as many lost their jobs and businesses went bankrupt. But in the post recession period, the demand for quality MBAs has revived, with even better roles and salaries. This shows that MBA is here to stay; and that MBA is not a dying program, rather it is still in its growth phase in the S-Curve.  The recent compensation trends in HBS and other Ivey league B-schools in USA also show that the recruiters have not lost their confidence in MBAs, post recession.
  • 8. Thank You References: