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Published: Thursday, 6 April, 2017 01:30 PM
An MBA degree has conventionally been considered a guaranteed and secure way of getting a decent job. It is one course that has been in demand irrespective of the market conditions. Particularly, the demand for MBA increased post liberalisation and globalisation. As businesses looked to move beyond borders, they required trained managers and executives to take charge, and MBA became a sought after course.
Change in market environment
The world has changed drastically, ever since the phenomenon of globalisation became widespread. The growing interaction and dependence among people and businesses of various countries has had a definite impact on the kind of skill set required in the workforce to meet the new and unprecedented challenges. In the changed scenario, merely an MBA degree does not guarantee a job. Every business, now looks beyond the domain knowledge (which is fundamental), to skill sets that suit its requirement. For instance, a person pursuing MBA in Human Resource should not only possess domain knowledge but also possess good inter-personal skills, communication skills, keep himself/ herself updated about the latest trends in the HR Departments across the world, and so on. A person who shows this awareness will have a better chance of influencing employers.
Considering the intense competition for every single vacancy, the chances of people, who have something else to offer other than theoretical domain knowledge (that everyone is expected to have), become brighter than the others.
Some of the skills, other than subject knowledge, which a company looks for these days, are as follows:
Thus, merely doing an MBA does not guarantee a job in today’s world. A person has to continuously keep himself/ herself abreast with the changes happening in the world and stay ahead.
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For working professionals, looking to upgrade their academic qualifications and growth prospects without compromising or quitting their work, IGNOU comes as a big relief.
Although nothing can substitute real life experience acquired through years of being in a particular industry and meeting new people, an MBA degree does equip you with the necessary skills to turn you into good managers
The Statement of Purpose (SOP) is the most important part of the application. It introduces the candidate to the admissions committee before the candidate has even met them in person
Businesses do not run in isolation. They mirror the changes happening around. The ever changing world of business, in response to the rapid changes occurring in the society, demands a workforce that is quick to adapt to the new challenges that await them.