What does one exactly learn from an MBA education? Is an MBA still relevant in 21st century economy?

MBA is a relevant course in today's scenario (21st century) as it helps in supplementing your previous skills with managerial skills. People are going into leadership roles after pursuing MBA from premium institutes Thinking Skills MBA graduates use thinking skills and knowledge of business theory and practice to make effective decisions. Communication Skills MBA graduates exercise effective written and oral communication skills. Leadership Skills MBA graduates demonstrate leadership skills appropriate for a variety of business contexts. Specialized Knowledge MBA graduates demonstrate competence in the core curriculums shared areas of business knowledge-lean management, business intelligence, and globalization.

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An MBA (Masters in Business Administration) is one of the most desired graduate degrees in India. The degree is versatile and used all over the world, and can offer a major lift to anyone's career. An MBA program is great for acquiring a comprehensive perception of all the different aspects that make up business, especially for those who may not be sure what area of business befits them best. Even if you go into an MBA program thinking you want to pursue a career in financing, you will come out of the program well-versed in a variety of other areas as well. Thus, should you then choose to go into marketing, you will be decently prepared. On the other hand, if you are confident about the career you want to pursue, you can still concentrate your studies on a specific aspect of the business. Many college graduates study majors that may pay a lot up front, but their skill sets could be out-of-date in a few years. Business graduates have universal skill sets that will be relevant forever.

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Not just in the 21st century but I think MBA is relevant (and hence demandable) in coming many centuries because MBA isn’t just a degree but signifies that who you actually are. MBA enhances your career opportunities and gives you better options in life. One can set up his own Venture or get a good job. MBA from reputed B-schools is must because they're expert in training the students. It is an old saying that to do a job you need to believe in your skills but to do a business you need to believe in yourself and it's really difficult to believe in yourself than skills because there is always certain risk assist with it. But if you look MBA from backside then we can see a different aspect also. MBA is not necessary but advantageous, gives an edge. The mindset, attitude and vision are important. Many existing entrepreneurs are not MBA’s, but few of them have MBA's in their team because team work helps in innovation, idea generation and to think from different perspectives. Importantly MBA can't teach you when to take decision but it can teach you why to take decision.

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MBA is not just a degree but also a way to change your working behavior, thinking ability, perception over the period of time. There has been a shift in the way MBA was taught a decade back and what now. The total focus now is on the practicality of the industry i.e what the industry wants from the candidate and how he has to implement his skills in taking day to day managerial decision from those skills. As in corporate, you will only be dealing with people and you have to get the work done from others. During MBA, one will learn various managerial skills, improve communication skills, decision-making ability, proper presentation, interpersonal relationship, stress management, quick decision making, etc. All these skills are learned by the individual through various rigorous activity that will need these skills to handle them. A lot is learned and you can compare the individual on how he was before and after doing MBA. P.S.- It depends from institute to institute on how and what way they are imparting the knowledge. Hope this information helps! All the best!

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Many people say business schools have a lot to answer for and are not doing much to make anything better for society or to help students fill non-traditional roles. They also blame management education for the greed in society. Executive education and corporate training units are hugely profitable for business schools, but because this business is profitable it is attracting a lot of new players. MBAs are too academic in their focus. Pedagogy revolves around lecturing and case-based teaching. Problem is the disconnect between research and the role of business schools in preparing students for their future positions in the business world. Business education should model itself a little more closely on disciplines such as engineering or medicine. Practical application is needed not just research. The buzzword now is that we need more entrepreneurial activity. Students should be trained to think like entrepreneurs to find a solution to problems.

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MBA program is more of dealing with dynamic changing situations rather than the theoretical knowledge. It not only fetch you a degree but help you understand people in your real life to. The level of activities like presentation and group discussions not only boost confidence in an individual but also makes you aware of the everyday happening in today's world. It is easy to train machines but difficult to get efficient and effective work out from people and this what MBA teaches you. Also, whichever specialization a person chooses, the first year/semester being common one learns basics of legal aspects related to business, accounting, economics, organizational behavior, business communications, soft skills required etc. The specialization chosen is a stepping stone towards becoming the Subject Matter Expert in that field. Takeaways from MBA are innumerable, if all activities taken in positive spirit.

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