Experts dispel MBA myths
R. RAVIKANTH REDDY
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Cushy job not always guaranteed
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Though the country is producing thousands of MBAs every year, less than 25 per cent are employable
Master of Business Administration (MBA) is not a certification for a job but a process to equip the candidates with a set of skills to emerge successful in employment.
Busting the myth that an MBA degrees provides you with a cushy job, speakers at a seminar on “Emerge MBA 2011” made it clear that it is not the degree that is important but what one learns from it.
An MBA school essentially creates an environment where different minds come together to discuss, debate, analyse and learn from that experience to be applied in businesses later.
This was the crux of the message sent across to the participants at the seminar organised in Hyderabad by The Hindu EducationPlus in association with United World School of Business at the FAPCCI.
Relevance
Explaining the relevance of MBA, V. Rajanna, Vice-President and Regional Head, Tata Consultancy Ltd., said the growth of IT sector has created more businesses and thus the need for more managers.
The world market needs new business models now and this is where the role of quality MBAs comes in. With new sectors for businesses emerging after the IT revolution the need for good managers who think out of the box has grown and this was an opportunity for youngsters to explore and exploit.
He said businesses depend on sales, marketing, intellectual capital, execution of ideas and people management, and a good MBA course essentially provides the learners with tools in these dimensions.
He pointed out that industry pays 50 per cent more salaries to MBA graduates compared to non-MBA graduates.
Huge demand
Tridibesh Bandyopadhyay, Director, United World School of Business, said the country needs a huge pool of trained managers to maintain the expected nine per cent growth rate. Though the country is producing thousands of MBAs every year less than 25 per cent are employable.
The crisis is about employability and not employment and this is a direct result of not inculcating productive skills at the school and college level. Skills such as working in groups and conversing comfortably are key factors as businesses thrive due to collective work than the skill of an individual.
Stating that MBA is a serious course, he advised the aspirants and said just doing an MBA is not enough but doing it from a good school is what matters.
Stepping stone
Naresh Kumar Dubbudu, Director, Abhyaas, and an ex-Mckinsey consultant, said management is about making decisions at every level and those with quality ideas will help businesses grow. In an MBA, a student learns not just knowledge but also skills and attitude that are important to make a mark in a career.
At the same time, he reminded that leaders are not made in a day and an MBA is only a stepping stone to some position in life.
The good business schools help students to team up with ambitious and competitive people, which is a huge learning experience.
Asking the aspirants to understand the course first, he said one should think “whether this course makes me capable of finding a job or will it just provide me a job.” He felt that a good manager will always start with sales.
K.V. Iyer, Dean, Academic Affairs of United World School of Business, said youngsters should not be worried about the opportunities as they are in plenty; the youngsters should concentrate on grabbing the best of opportunities and equipping themselves with the skills needed for those opportunities.
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