Software engineers generally find themselves lost in a sea of professionals with the same skill set. It tends to make them invisible among a whole galaxy of other techies. It is often seen that the career paths make managerial roles, in the non-IT engineering firms, immensely low. This is because the system relies on a tenure based promotion system. Therefore, it makes even the deserving employees stand in a queue of almost fifteen to twenty years before they actually reach their actually deserved positions in the management. These much desired management positions require business skills, which unfortunately are missing in the prescribed engineering courses. Therefore, the engineers are seeing a great amount of inclination towards MBAs.
The reason being that with an MBA, you get an opportunity to combine your analytical skills with the strategic and qualitative training, that are procured during the MBA course. This combination is then, the most appreciated, and rewarded by employers. Thus, the MBA course acts as a catalyst to form a release from the narrow technical application of knowledge and aids mobility towards a more versatile business skill set. Furthermore, MBA then becomes an excellent way to improve and even change ones’ career direction.
But how does an MBA Business School Training help in career?
So, one definitely does an MBA to get hold of theoretical and practical knowledge on how to manage businesses. Apart from analytical, quantitative, qualitative and strategic training, other necessary skills that are make key elements in the successful working of an organization are-
- Leadership: The program is structured for group activities. Therefore, it encourages students to act as active observers as well as display leadership qualities in work-teams.
- Communication – Interpersonal and Public Speaking: MBA course structure is fashioned in a way as to train students in verbal as well as written business communication. MBA students turned into Managers, as per their role are required to build a bridge between their teams as well as clients. Business acumen is the ability to comprehend and give expression to technical points of view.
- Problem Solving: Problem solving skills are absolutely necessary for MBA graduates. Owing it all to the case-study course method, each and every well trained MBA graduate who masters in taking on each situation, analyzing and developing solutions, is highly appreciated.
- Risk Management: A leader who fears in taking risks or fears failures in general, stagnates the growth of the organization. Therefore,a good leader, is supposed to be fearless and peerless in securing the health of his organization and his team. Risk Management requires training to think analytically for solutions that are cost effective, quality controlled and with minimum fall-outs.
Business and Technical understanding: MBA students understand the functioning of entire businesses, from production, development, financing, marketing to managing the human resources. They are also aware of the technical face of a business – from business software, production tools to equipment that are part of any organization. Their all round omnipotent influence is key to why companies don’t fall apart, an inevitable consequence of an uncoordinated machine.
What work do MBA Graduates do after business school?
Here are some popular job roles taken up by MBA graduates:
- Banking and Finance
MBAs can work as the investment experts working in banks, insurance companies and other financial organizations. However, a lot of investment banking, or private equity jobs are reserved for candidates who have a banking experience prior to their MBA. It can be said that MBA with finance, does add to the profile of applicants looking to find a position in corporate development, hedge or security firms, adding the knowledge of investment analysis and portfolio management that they learn during their course.
- Venture Capitalist
It is true that the MBA graduates successfully find jobs in venture capitals. In addition, they provide technical advice for start up investment. Thus, it proves to be an immensely vital prior experience in an industry that venture capitalists are interested in. Therefore, capitalizing on ones’ core knowledge, with the additional acumen of business through an MBA course.
- Business Analyst
At the end of an MBA degree, a student knows the inside and outside tips and tricks of what goes into making a businesses run. With such a business-analytics expertise,MBA graduates can determine data as an analytical tool. In addition, they can even understand the constantly developing the needs of a business. MBAs usually head towards leading business operations, and strategies, based on these data analytical skills.
Master’s in Business Analytics
- Product Manager
This position finds candidates in almost all industries related to products. However, in the MBA world of a majority of technology professionals, it is one of the most sought after positions. This is because the techies can then steer through into the managerial level. Therefore, it calls for a great combo of managerial as well as technical skills-set.
Most of the students use their respective MBA degree as an aid in starting a business. This is because the MBA programs are designed as a mini-startup. In addition, the MBA course structure caters as an initial back up. This may be seen as missing for a majority of the non-MBA entrepreneurs. During the MBA course, the college’s mentor-ship, technical aids and networking and recommendations to investors within the college community itself, can initiate a kick-start for a start-up venture.
- Management Consultant
These provide solutions to all of the problems that occur in the working of a corporate. Their job profile is to be acquainted with the inputs and outputs of organizations and curate ideas to rectify errors. Therefore, there is a lot of emphasis on the technical business training and the problem solving skills acquired through the MBA degree.
Interpersonal and communication skills are prerequisites for managing an organization. Human Resource managers are indispensable when it comes to managing the most important resource of all, people. These HR managers are skilled in workforce welfare. This is the key force behind the active working of an organization and is expected out of MBA graduates too.
Therefore all the essence of an MBA degree is not only the academic but also the business sense that get incorporated into the students. What’s good for the goose may not be good for the gander who doesn’t want to be involved in the administration aspect of an organization. In addition, for those still planning on their respective courses, it is highly advised that you thoroughly research your career options after the course as well. According to your aptitude of academics or practical knowledge or both, choose the course that will land you up in one such job. However, an MBA is more suited for those with a great blend of the practical as well as the academic. Furthermore, an MBA degree can only get you to the job. However, if you do not have the aptitude for the same, it is a tough task to mold yourself into it. Thus, do what you are meant to do, and not what you get forced to do.