Why should you do mba


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Why should you do an MBA?

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Why should you do mba

  1. 1. M BArkWhy should you do an MBA? This is an invariable question in any MBA entrance-interview. Getting this answer pat right is critically important because it shows how clear you are about your expectations from the course. It is imperative that you answer this question to yourself before you rush to fill up forms to various MBA colleges.It is crucial on two counts: economics is offered say Rs. 7000 per month as a1. If you do qualify for a course and find yourself a starting salary, an MBA graduate is typically offered complete misfit for the curriculum it would mean you at least Rs. 10000 to 12000 per month. are actually not cut out for the management cadre in 4 The Reluctant Graduate who believes that he/she the corporate world. So you are likely to saddle has learnt nothing at all that can get him/her a job. yourself with a career that makes you unhappy. The non-professional graduate courses available2. An MBA course is an investment both in terms of time today are not perceived to have any marketable value and money hence wasting it is an offence. by the corporate world. These therefore need to beMoving on, let’s look at a few caricatures wherein an MBA augmented to make the graduate ‘market worthy’.degree can be handy: The underlying advantage in all the six caricatures is4 The Anointed Heir who wants to hold the keys to that an MBA degree immediately flags you off as someone his/her kingdom. This guy is someone like an who can be trained to take up positions of authority. industrialist’s son, who will have to take over the Apart from the positive boost that a person’s career running of an existing corporate empire. gets, an MBA degree also offers three side benefits. Some4 The Shop Floor Enthusiast who wants to sit in the may argue that these are the main benefits .. gilded corporate office This guy is typically someone 1. An MBA course is a hothouse where you are pushed who has devoted many years on the shop floor (it to deliver. You are introduced to fierce competition. could also be in a lab..or in sales..or in data collection), The conditions work on you in such a way that either mostly a technical person who executes rather than you breakdown and leave the course half way or you strategises. This guy now wants to be a part of the end up becoming a tough professional. strategic team. 2. An MBA programme exposes you to a very wide area4 The Intrepid Entrepreneur who wants to create an of experience in terms of subjects and people. You empire. This guy is someone who is all set to start his get exposed to varied subjects like macroeconomics, or her own business and wants to know the tools of consumer behaviour, psychology, marketing, cultural how to do so. heritage, communication theory, operations research,4 The P o w e r S e e k e r who wants to crack the quantitative techniques, finance, HR, etc. Most management ceiling he/she has hit because of a lack programmes cover over 30 subjects! Apart from of an MBA degree. This person is exposure to subjects, you meet people typically someone who is a part of from various backgrounds and places. management but sees many This really broadens your outlook! promotions pass by him/ her due to a 3. And last but not the least, an MBA perceived lack of managerial course brings together impressionable perspective. Most of the top young men and women and you may just management believe that a person with catch your soul mate while slogging over a management degree has managerial case studies! perspective. - Jaya Deshmukh4 The Money Player who would like to Visiting Faculty, IMDR and SIMS increase his/her pay packet. An MBA (Pune) degree immediately increases your Ex Associate Brand Manager, market value. If a postgraduate in AT&T Corp. Asia Pacific Advancedge MBA / April 2003
  2. 2. : MBArk : MBArk Read on ...................................Why MBA?- Dhiraj MalhotraAs you stand at one of the most critical crossroads of your life, there would be a millionquestions in your mind. During the last few years of your student life, you would havelooked at a number of career options and tried to gauge what it is that you would like tobecome. Eventually, what is the kind of work that you want to do for the rest of yourlife? While most of you, by now, would have an idea about your dream job, some of themore focused among you would also have an idea about your dream companies. Someprofessional qualified folks would have by now figured whether to continue in yourtechnical field or take off on a management career. As you are all set to become seriousabout your careers, lets talk about MBA as a career option, if it is what you want to do inlife.What does MBA have to offer you? my strengths and weaknesses and most importantly High pay packages, lavish lifestyles, senior my interests. I realised that I always appreciated a 3-positions in organisations etc are some of the common dimensional object more than scaled single or double-reasons why people choose MBA as a career option. dimensioned objects. I realised at that time that I wasBut if we were to give it a deeper thought, we would a person inclined to research but still enjoyedwonder, is this the real reason why MBA as a career visualisation and understanding the BIG picture ofoption is so popular. There is definitely no denial in the task at hand. I would adopt a modular approachthe above-mentioned factors but well, to base your in handling the task at hand and drill down and zoomdecisions with only these objectives in mind, would in on every related aspect in the context. I was notseem a highly blinkered attitude, don’t you agree? comfortable starting with something that I came According to Maslow’s hierarchy of needs, self- across and complete it the way it is expected to beactualisation comes above social needs (don’t bother without thinking on the why’s and how’s and if’s ofif you don’t know Maslow’s law, you shall soon learn the subject under focus. Hence I concluded that Iabout it in your MBA!) So in order to make this needed integrating skills in my personality as well asdecision of a lifetime, you should be much more in the work I do. Being an engineer it was easy toinformed about the pros and cons (if any) of selecting find options where I could get involved in theMBA as a career option. This write-up, elucidating technical aspect of the project without worrying much about the other issues. But this as I just mentioned would not satisfy me. Hence I looked at other options available and came across the concept of MBA. I made a well thought-out, well-reasoned decision of doing an MBA and have since then never looked back. I enjoy the job I do presently and have had allhow I made this decision of my life, is my attempt tohelp you do just that… In the third year of my engineering, I had startedthinking seriously about the kind of career I wantedfor myself. The first step I took was honestly analysing Advancedge MBA April 2004
  3. 3. MBArk4 Read on ...................................my needs fulfilled appropriately. Let me tell you about the kind of skills I developedduring my MBAIntegrating skillsOne of the most important skills that I developedduring my MBA was integrating skills. I learned howto work on different areas and how to manage the co-relations between different functions and verticals. I IIM-A campuslearned to appreciate how a change in one leads tomany changes in other units, components, entities, People Managementand developed the technique of managing this In order to work in teams and create powerfuldynamic equation. Well, some of you might be solutions, one needs to develop interpersonalwondering what are these units, components etc that sensitivity. Handling people and group dynamics inI am talking about. I have intentionally used these today’s competitive world is considered to be one ofterms to make you appreciate how crucial it is for one the most important challenges. I worked in multipleto develop a knack of living with abstractness and teams with and without the people I was comfortableunknowns and still make them work for you. By units, with. There were instances where I came across a teamfunctions, components etc., I mean any work area or comprising of people who had zero overlap with myactivity or sub process that gets modified due to some perception, point of view etc. But the challenge ofchange in the other. For example, software engineers living and working with them and still getting awho work on a particular module will not be able to quality job done in time was a lesson I can neverrespond to a client’s changing needs midway during forget.a project. The project may not be dependant on thefact that their client is shortly planning to implement Street SmartnessSAP. Their job is to complete the application, they Apart from the “technical” knowledge abouthave set to develop. Of course, their project managers management, I was also exposed to a number ofand people interacting with the client at higher level situations where my ability to think differently andwould be handling such issues while also supervising “just get the work done” was tested. This in MBAthe technical robustness of the project. It would be jargon is called street smartness. So while the theorieswise to remember that those at managerial levels have and rules of the book are all fine, when you get going,reached there by experience. I however, chose to learn you should know how to make rules work for youthese skills on my way to becoming a manager. The rather than the other way round. I am sure that peopleskill to integrate various functions helps one develop with medical background will agree as they often saya wider perspective and broadens considerably the “The disease never follows the book!”overall outlook towards everything. ConfidenceMacro and Micro Issues of Business Having had an exposure to a competitive, holistic andStrong business acumen is another skill set that I dynamic environment, one, needless to say, developsdeveloped. The various real life cases handled during a deep-rooted confidence in one’s abilities. The feelingmy MBA made me clinically compare and analyse all that come what may, I am ready to face the challengethe exceptions to theory that practical life is embedded and face it boldly comes uniquely with this careerin and how processes and people learn to live with option. It might sound biased, but the fact is thatthem and how these can be managed. For this, one hundreds of MBA’s I have interacted with have thatneeds to be aware of events happening in the business “something different” in them as far as confidence isworld around us. I studied various business models concerned.and came to appreciate how simple thought processesand innovation can be a firm foundation of some of The author is an MBA in Finance and consulting withthe biggest organisations of the world. one of the leading multinational consultancies in Mumbai. Advancedge MBA April 2004