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As
the environment of organization-including
economic, political, competitive, regulatory,
and cultural factors becomes more complex,
there is an increased demand for managers
with the necessary skills, understanding,
courage, and energy to tackle the difficult
demands facing organizations of all kinds.
To be a successful manager, an individual
need skills in decision-making, financial
analysis, and interpersonal relationships.
He also needs the ability to apply those
skills in a context of constraints, opportunities,
and alternatives. Professional management
programs are based on the premise that people
can learn to manage all types of business
situations more effectively. MBA programs
not only help their students to develop skills
that are highly valued by many employers,
but the programs also present a theoretical
context for solving many business problems.
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| The
purpose of an MBA education is to provide training
in the theory and practice of business management.
An MBA is an effective tool to, o
To change your career |
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• To
start your own business
• To
gain the competitive edge in a competitive
world
•
To
develop technical expertise and business
savvy quickly
•
To
advance your career
• To
gain valuable networking resources
• To
enhance your financial position
• To
enjoy greater job security
• To
enjoy greater job satisfaction and self satisfaction
• To
become a leader in an emerging field
• To
develop your personality as a whole. |
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An
MBA with different specialization streams
prepares an individual to meet the greater
demands of tomorrow's advanced industrialization.
Some examples are given below. |
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| Executive
Jobs |
Whether
you are seeking CEO jobs, CFO jobs, CIO jobs
or other C-level jobs, an MBA is supreme
to a career managing companies. |
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| Management
Jobs |
Senior
Management job - Senior Management jobs are
awarded to candidates and employees with
applicable baccalaureate degrees and a master's
degree in business such as an MBA. |
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| Banking
Jobs |
• Consumer
banking jobs deliver financial services to
individual customers.
• Commercial banking jobs deliver financial
services to businesses.
• Human resources jobs manage employee
placement, salaries, and training.
• Bank administration / accounting job
- Bank administration / accounting jobs handle
the banks internal operations. |
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| Finance
Jobs: |
Corporate
Finance jobs help company find money, grow
the business, make acquisitions, plan for it's
financial future and manage any cash on hand
Money Management job - Money Management jobs manage stocks and bonds for institutional
clients and are on the buy side of Wall Street
Insurance jobs help individuals and business manage risk to protect themselves
from catastrophic losses and to anticipate potential risk problems
Real Estate jobs cover field such as title insurance, construction, mortgage
banking, property management, real estate appraisals, brokerage and leasing,
and real estate development
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| Accounting
Jobs: |
Public
and Managerial Accounting jobs focus on preparing
financial statements and recording business
transactions including computing costs and
efficiency
gains from new technologies, participating in strategies for mergers and acquisitions,
quality management, developing and using information systems to track financial
performance, tax strategy, and health care benefits management. |
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| Marketing
Jobs: |
Product
Management jobs have responsibilities including
marketing and development of products of
all types. Advertising jobs cover every media
outlet including newspapers, magazines, TV,
radio, and the Internet. Retailing jobs includes
store
management, buying, and merchandising. |
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| Expectations
of top organizations around the world: |
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• Passionate
Employees who try to out perform themselves
and who always complete their job on time.
For they are ready to
pay and take of employees.
• No problem and NO-EXCUSE employees
• Dedicated and committed employees
• Employees with Never-Say-Die-Attitude
• Employees who are creative in problem solving
• Result oriented employees
• Perform or Perish culture
• Adjusting to Multi-culture environment and Ready to go at Multiple-places
around the world for
company affairs.
• Respect for every one and loyalty to organization
Thus, you must try to groom yourselves according as this could be your last time
to know yourself and do the needful. |
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| How
to decide specialization? |
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First
and foremost important thing is there is
no compartment in management
and there are no demarcation lines in the
management education. Hence, still if needed
you must take guidance from experts. Why?
The reasons are here:
• At the top of the hierarchy
you must know all the functions of management
• There are cases when many have worked across the functions due to sheer
need of the organization in the highly competitive market
• For a Leader or a Manager, unless he knows the business he cannot be successful.
Hence, few experts claim that, these specializations are
just for the sake of getting a formidable degree/ diploma.
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Factors
deciding specialization of MBA/ Management
Education:
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Aptitude
• Passion
• Interest
• Motive and Aim and Purpose of choosing this kind of career
• Emotional Intelligence
• Intelligent Quotient
• Stamina
• Tolerance
• Background
• Vision of life
• Mission of work
Let us know some fundamentals on how the specializations were selected till date.
New comers can make a difference if they wish. |
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Who
can go for Finance specialization?
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If you are B.Com. M. Com.
Or have some business background or have
knack to solve some mathematical problems
at faster speeds.
• Those
who like to seat at one place and work
• Those
who have passion for Accounting and Finances, and who have passion of stock
market, etc. |
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Who
can go for Marketing?
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• Those
who like to convince people, build contacts,
like to see business
grow, like to see always well dressed and
those who like glam-sham.
• Those who like Market Research, Selling activities, go to places, like
to talk with different customers and make them happy,
those who like to
serve people, etc.
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• Who like to deal with people
• Solve people's problems
• Like to build relationships for company
• Like to believe in people's abilities
• Like to value their own people as an asset
• Like to prove humanity and human being are the best part of business
dealings
• Knows how to use Talents of talented people
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| Who
can go for International Business? |
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•
Those who like multiple cultures in the world
• Like dealing with foreigners who but also are human beings
• Like to travel and go to places with time bound work, and work with deadline
• Who don't have complaints about any food, or any place to live in comfort
• Those who can learn new things faster including new languages and business
etiquettes
• Those who know international trade practices and understand various organizations
in-depth
• Those who can compete the international market at par with any international
player and executives |
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| Who
should go for Computer and Technology
specialization? |
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•
Those who love technology and are conversant
with the way they work
• Those who like to deal with technology
• Those who like to work in Artificial world than the Real world
• Those who can tolerate more technology than humans and like to work in isolation
for some time
• Those who can solve technological problems
• Those who have some technical background like BCA, BE, or having some family
business in the field of technology
• Those who have been exposed to technology during Video Games, Cell phones,
and know how to quick-fix the technical problems. |
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| Other
specializations like, Hospital Management,
Retail Management, Entrepreneurship,
etc: |
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You
need to know what you are going to study and
where you are going to implement and what career
option you are going for. What is the aim of
doing that specialization? It must not be short
term to get an immediate job. It must have
long term vision as well. Remember organizations
expect all its employees to be intrapreneurs,
hence at the end of the day, Entrepreneurship
skills have become a must for all the MBA graduates.
Remember, not failure but short aim is crime,
hence, gather as many skills as you can and
become as much dexterous as much as you can. |
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| Individual
S-W-O-T Analysis |
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• No
one is born perfect, those who have strengths
can capitalize on their strengths
• They must know how to deal with their own Weaknesses
• If you have done SWOT analyses then from above background you can choose
your specialization well.
• This is the era of Shoot-at-sight-competition and not cut-throat-competition,
hence you must know, to whom you'll compete and hence must
decide your strategy for life and work.
• At the end of the day, you are the best judge of yourself. Hence, regular
SWOT analysis is order of the day. Say daily, weekly, monthly,
quarterly, half yearly, and yearly. We have seen people taking high rise in their
life who do their critical analysis for positivism in their
life. |
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Experts,
around the world, feel that people had to
jump jobs in the recession across the border
and across the functions and across the horizontals
and the
verticals of the business. Hence, multi-dexterous and multi-skilled employees
and employers have become order of the day. Thus, few experts claim that
it is not only applicable to Management students
but it is applicable to others,
as well.
Finally, you are the best judge
of yourself. Hence, invest your life,
skills, and work at proper place/s to get what you
want from the most precious life. |
