MBA : A Career Option


Clausura curso académico 2011
Creative Commons License Photo Credit: EOI Escuela de Organización Industrial via Compfight

Are you looking for a complete career change?

Do you want to change job function or industry?

Are you looking to break through a glass ceiling?

An MBA (Masters of Business Administration) is seemingly  the most prestigious qualification in the world to resolve all of your raised queries. An MBA degree from a reputed institute opens  immense opportunities for you. It ensures well-paid jobs and secure future. You get the opportunity to rise through the ranks and help you climb the corporate ladder. Companies like Accenture, Bain, McKinsey & Co, Goldman Sachs and Morgan Stanley treat the MBA qualification as essential for career changers seeking to join their firms.

MBAs: To Carve Your Own Niche

What’s more interesting is the fact that an MBA qualification helps you carve your own niche. There has been a perceptible increase in such trend internationally when business school students having done their MBAs from top -tier  management institutes like Wharton, Stanford and MIT-Sloan found their own companies in the months following  graduation.

What Companies Look For In MBAs

According to a recent survey conducted by the Graduate Management Admissions Council (GMAC) among 216 companies around the world, it found a “noticeable increase in companies planning to hire recently graduated management talent in 2012“.

What  employers look for in MBA grads are: sound communication skills, leadership quality, ability to analyze and strategize. The top five traits employers are seeking in 2011 MBA hires are  Communication skills, strategic skills, the proven ability to perform, core business knowledge, and the ability to manage change.

In the GMAC Corporate Recruiters Survey, employers report  that compared with other employees at the same job level, employees with an MBA degree demonstrate higher or much higher abilities in many areas, including:

  • Managing strategy and innovation
  • Strategic and system skills
  • Knowledge of general business functions
  • Managing decision-making processes
  • Learning, motivation, and leadership

Rising Number of B-Schools Worldwide

The AACSB (The Association to Advance Collegiate Schools of Business) , a body which accredits 633 business schools in 41 countries, estimates there are now 13,670 institutions worldwide offering a business degree.

India, along with China, is  furiously investing in business education programs. AACSB reckons that there may be 1,500 business schools in India, and other estimates put the figure as high as 2,500.

Since  many companies internationalize and/or face global competition, employers demand a business education with a solid international dimension. Hence, there is an increasing trend of  Internationalization of Business Education.

International B-Schools are entering India through collaborative agreements with Indian institutes that include names like IIMs, MDI,XLRI,IMT,and the list goes on.

“According to Foreign Education Providers in India, a report on collaborative arrangements commissioned by the UK India Education Research Initiative (UKERI), there are 143 Indian institutions and 161 foreign education providers engaged in collaboration. The total number of collaborations is 230. Each collaboration may have one or more than one program delivery and the total number of programs that are collaboratively delivered is numerically 641.

The report goes on to say that the maximum number of collaborations is taking place in the field of management and business administration. Out of the total of 641 programs, 170 (26.5%) collaborative programs are offered in this field.” (Source: Top MBA.COM)

Brand-name schools such as INSEAD and the Massachusetts Institute of Technology (MIT) are opening franchises in Asia. Dipak Jain, the dean of INSEAD, believes that strong Western schools might still have an advantage for as much as 20 years.

MBA: A Long-Term Asset

A good MBA degree is a long-term asset. More people look to invest in themselves through education in troubled economic times — and an MBA is always a good investment. The MBA is not about the first job or even the next job. It is about students’ whole careers.

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