MBAs are all about getting better jobs, building a network and gaining exposure to important business concepts -strategy, operations, marketing and finance.
In today's unprecedented times, fresh B School graduates are looking for jobs that are giving them leadership roles, providing them enough scope to learn, and are also paying them well. An MBA degree is the only generalist business management degree that continues to stay relevant even after 100 years of its existence.
If we see the report of the All India Council for Technical Education (AICTE) in 2018-19, we will find out that India has seen a rise in MBA applicants across the world with the current intake for MBA programmes in India was 3,72,579 students.
What is MBA?
In order to give a scientific approach to management in the early 1900s, the Harvard Business School established the first MBA programme in 1908, and in India, the first MBA course was launched in XLRI n 1949 and, after a gap of two years, the first Indian Institute of Management (Calcutta) was founded in 1961. As the MBA gained worldwide acceptance and the Industrial Era reached its peak, something changed. The world expanded and people started working on ideas that were new and had no legacy, like large corporates or the MBA itself.
MBAs are all about getting better jobs, building a network, and gaining exposure to important business concepts -strategy, operations, marketing, and finance.
B-schools prepare students to deal with the business environment, and new age B-schools who are training students for more volatile business environments are directly or indirectly training students with an entrepreneurship mindset. This mindset helps new graduates to take challenges head-on which is offered by new-age startups.
B-School education is becoming more and more expensive as this is treated as terminal degree for building good career, this pushes students to take education loan and more financial liability by the time they graduate. To deal with this liability they are looking for quick returns on their MBA degree, given the funded startups have potential to pay good candidate good amount financially, these startups are becoming preferred choice.
In current times, boundaries between various fields like marketing, finance, HR, and others are getting blurred. Leaders are trained to execute all of these. B-Schools are also catching up the industry requirement in which they are training students with this mindset through case studies, live projects, and more. Start-ups provide similar opportunities to them in the work environment.
Our surrounding environment also defines and influences these choices.
There is also a work-environment shift-startups are considered youth-friendly, chill places to work in, compared to standard corporates that follow the 9to5 work culture. Startups are perceived as more flexible and accommodating of personal preferences, and at some level they are such.
Newly funded startups are a haven for change, energy, and enthusiasm, which attracts new graduates, as they also provide them with an opportunity to make their mark as early in their career as they can with their hard work.
comments
Other categories
Recent Comments
