To do or not to do, that is the question. On the one hand, the halo of prestige that has been spread around it for years, on the other, there are voices that you can prosper on the labor market without it. The Master of Business Administration (MBA) diploma, in which thousands of people around the world invest their time and money every year, are offered by more and more schools in the Indian higher education system. Is it really still a ticket to a better career?
The MBA can be briefly characterized as an interdisciplinary course which, by combining knowledge from many fields such as management, marketing, finance, law, accounting, and even psychology and ethics, teaches students in a practical way how to run a company and run their own business. Launched over 100 years ago in the United States, it first came to India in 1963. Currently, a dozen or so universities and institutes in our country offer it.
Is it worth to pursue MBA?
As the rankings show, people with such education usually have no problem with quickly finding a well-paid job in a managerial position. To sum up, the advantage of the MBA program over even the best courses is that the courses provide knowledge and develop competences within individual areas. However, as part of the MBA, the participant additionally learns about their mutual dependence and impact. In other words, the courses are about the elements and the MBA is about the whole. Thanks to this, the manager with this diploma acquires the ability to combine a strategic approach with the search for creative solutions, so much needed nowadays.
However, in order for an MBA diploma to open the door to an even more promising career for a business adept, it must have its value. How do you know that the curriculum is really worth spending a lot of money on it? Learning practical skills, solving potential problems and analyzing current trends as well as preparation for work in an international environment is an absolute minimum.
The real motive of an MBA
Learning to be flexible in thinking and acting as well as effectively navigating the world of Business Administration should be a priority. A good MBA is one that prepares you for effective management not only in the present reality, but also in the future, marked by the so-called the fourth industrial revolution. To meet this challenge, the MBA program must be regularly refreshed and modified, and, depending on the needs, supplemented with additional elements even during its duration. There is no way to stand still here – emphasizes the expert.
Therefore, the Business Schools and institutes which provide Lovely Professional University distance learning that have been building their brand and the brand of the business program for years are best known to the MBA art. In this case, the level of teaching is the result of experience, skillfully prepared content of the program, openness to introducing thoughtful modifications to it, as well as selected staff and valuable partners of the institution offering MBA.
It is extremely important that the classes are conducted by practitioners. MBA should primarily develop competences and skills, teach how to apply theory and solve practical problems. This, in turn, can only be learned by people who combine theoretical knowledge with their own business experience. Importantly, these features of the MBA program are in many cases not reflected in rankings, the criteria of which are often promoted by academic institutions.