3 Critical aspects to consider before investing on a MBA Program #MBAseries #1
At first the primary choice is yours to make, it gets critical when one has to determine the focus and disciplines you intend to make as an MBA Graduate. It requires to understand whether your expectations for an MBA are aligned with the programme you choose to deliver the results from it. A wrong input definitely gives a bad output. You would be least productive if you choose an MBA from a field where the focus is at large on acquiring the benefits from participating in the industry and less intrinsic to your particular level of skill sets.
MBA programs offer three different types of benefits, all of which vary tremendously from one institute to another.
1.Practical leadership and management skills
Management education has changed significantly over the last few decades. Previously it focused on quantitative analysis in areas such as finance and operations, with little emphasis on other aspects of organizational life. As a result MBAs were often seen as bean-counters myopically focused on data and out of touch with the challenges managers face in the real world. Further, MBA programs developed considering the limitations and responded by expanding their offerings in areas such as strategy, organizational behaviour and leadership. But the ability to provide quality training in these areas is unevenly distributed across MBA programs. The best schools have made leadership and interpersonal skills a high priority but one cannot teach leadership but it’s acquired with experiences and practically working on case studies and providing feedback with your perspective point of view and opinions.
The main objective of acquiring MBA is to develop your own personal learning curve by developing and networking with the required intensity which can be achieved by focussing to learn various work environments and situations. Finally, an MBA gives structure and the ability to think methodically and understand how to run a business. So ask yourself the following questions before you engage into a program of your choice.
- Does it provide practical leadership and management training?
- How well-established are these courses?
- How much support do they have from the school?
- How much support do they have from the surrounding community?
- What do alumni say about their experiences in these courses?
- How have they benefited from this training?
- The value of the Program in the substantial long run?
- Whether the fundamental training is around the traits you follow?
2. Reputation of entitlement
Being an MBA graduate your resume sends a message to the industry concerned about your presence and availability in the market. But that definitely is not the indication that you are hired for the intended purpose to be served. The skills portrayed by an ordinary MBA graduate can be reflected and applied with any experienced candidate in the field and definitely has the upper edge putting a hole in your shoe for that person could represent the industry well. So make sure what your priorities are and how well prepared are you to focus the challenges you may have to adhere. While some firms seek out graduates from elite schools, others avoid them out of a concern that they will be difficult to work with and disruptive to the established culture. So define your roles as
- What is my requirement in the industry now?
- Who’s interested in my skills and how could an MBA bring the difference?
- What stereotypes might I face as an MBA?
- What is the reputation of my MBA program in this market?
3. Community and Networking
Finally, Business school emphasizes working in groups, and MBA students often learn as much from their peers as they do from faculty, so it’s important to consider who you’ll be working alongside for two years. But there’s a misperception about the importance of socializing in business school as a means of cultivating these ties. To be sure, my students devote a substantial amount of time and energy to elaborate social activities, and I often find myself amused at the lengths to which they go to entertain themselves.
- Would I learn myself alongside a community of students and alumni to develop skills in networking?
- How active are the alumni network and how well established are they in the industry?
- What support does a school provide to its alumni network and to individual alumni?
Once you understand the scope of the MBA in a personal level you can move ahead to choose your MBA.
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