Today’s world is synonymous with transience. There is an ever-evolving change in customer needs and preferences. With the rise of social media and the Internet, every new product becomes popular at lightning speed. Companies are also keeping up with the recent trends trying to acquire more customers by reaching them as fast as they can. The business world has become customer-oriented and competitive. This is why all companies strive to run efficiently to serve the customers well and on time. Navigating the dynamic business world is not possible without the support of expert professionals taking care of each of the subsections of a business. One such important aspect of the business is Management. MBA professionals are hired in large numbers to help the company manage and control the employees and resources well. So much so, that the employability of Management graduates went up to 55% in 2022 from 47% in 2021.
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What is an MBA?
MBA or the Masters in Business Administration is one of the most sought-after degrees among the students. The course structure of an MBA program helps gain insight into various subjects like Economics, Accountancy, Finance, etc., which equips an individual with an in-depth understanding of a company’s management. There are many specializations in the field of Management, such as Finance, Human Resources, and Marketing.
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How to gain MBA knowledge-
Podcasts are increasingly becoming one of the efficient ways to gain knowledge in any field. You can learn directly from the experts in the area with the help of podcasts and gain a lot of knowledge. The best part about them is that you can listen to them while performing your routine activities like cooking, exercising, and learning new things.
YouTube is probably the most popular platform to gain knowledge. The content is easily digestible and memorable being in a video format. You can follow your favourite creators and learn a lot through them.
Blogs are yet another practical way to gain knowledge. Many experienced individuals are sharing their learnings and experiences through blogs. These are excellent guides for people just commencing their professional journey in their respective fields.
Websites like LinkedIn, Quora, Medium, and Reddit have excellent writers writing about their respective fields. You can learn a lot by following their content regularly.
Books are goldmines of knowledge. Reading books by various authors instils knowledge and broadens your understanding of the subject, and helps you develop a unique perspective.
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Top 10 MBA books to enhance your understanding-
How To Win Friends and Influence People, by Dale Carnegie
This best-selling book talks about how you can build positive relationships with employees and make them like you. It contains practical advice, which helps create a connection and has a positive psychological impact on the other person. Managers can use the techniques to foster a great work culture in the organization.
The 7 Habits of Highly Effective People, by Stephen R Covey
The book lists down 7 habits that influence an individual’s success and happiness. According to the author, interdependence or working in harmony with other people can yield great results.
Straight from the Gut, by Jack Welch
The author takes you on a journey of his life from childhood until his retirement after his 20-year-old stint as the CEO of General Electric. He shares his experience and imparts essential learnings. You can learn a lot through his work philosophy and management style which he has penned in the book.
Grit: The Power of Passion and Perseverance, by Angela Duckworth
Declared a must-read, the book focuses on how passion and perseverance are the main drivers of success. Angela uses science and examples of highly successful individuals to come to important MBA conclusions.
Influence: The Psychology of Persuasion, by Robert Cialdini
The book focuses on the art of persuasion that can be explained by 6 principles. These principles: reciprocity, consistency, social proof, liking, authority, and scarcity, can influence the decision making of the individuals.
Emotional Intelligence, by Daniel Goleman
The book explains the necessity of Emotional Intelligence in achieving happiness and success. The author describes various ways by which you can improve your EQ.
Your Brain At Work, by David Rock
This book helps you enhance your brain power by providing you with approaches to eliminate distractions and become more efficient. The approaches are explained in detail and make you reflect on your life choices and habits.
High Output Management, by Andrew S. Grove
The book, written by the former Chairman and CEO of Intel, explains many essential features of a manager’s role. It is a business guide explaining many aspects of business, such as increasing output, making decisions, training employees, etc.
Mastery, by Robert Greene
As the name suggests, the book focuses on the mastery of a particular field. The author talks about luminaries such as Charles Darwin, Albert Einstein, and other successful people to draw out a pattern of success. The book helps you attain mastery over your desired field.
Zero to One, by Peter Theil
Regarded as one of the must-read books, the book talks about the journey of the PayPal founder, Peter Theil. He shares his learnings and experiences in the book which is a gold mine for budding entrepreneurs.
If you are interested in pursuing a career in the Management domain, you can try the Masters in Business Program (MBA) offered by the prestigious O.P. Jindal Global University in collaboration with upGrad. You will get the chance to learn from industry experts and O.P. Jindal’s faculty. You also benefit from mock interviews, guided training by industry experts, job fairs, etc., which will help in your professional career. Additionally, you get the alumnus status of O.P. Jindal, which will help form network connections.
Businesses need specialized professionals to help their operations and lead the company to great heights. MBA graduates are specifically in great demand for the insights and expertise they bring to the table. This is why companies offer great monetary competition and fringe benefits to retain able and skilled managers. Experienced MBA graduates are offered an average salary of INR 10-18 LPA. Many youngsters aspire to enter the field of management for the steeper learning graph and great scope for their career.
What is the average cost of getting enrolled in a Business School?
An MBA offers a great career opportunity, which is why many students opt for an MBA after graduation and apply to Business schools. Although they provide excellent exposure, Business Schools are comparatively expensive. Obtaining an executive MBA from schools like the Indian School of Business is around INR 39,63,000 plus taxes.
What is an Executive MBA?
An Executive MBA is designed for people who have considerable work experience. The course does not focus on the business basics like the MBA programs. Instead, it delves even deeper into the intricacies of Management and Business. It also helps develop leadership skills in the students.
What are some of the best Business Schools in India?
Many reputed Business Schools in India offer a great opportunity to people aspiring to go into management. IIMs are generally regarded as one of the best Business Schools in the country. Some of the well-known IIMs are in Ahmedabad, Bangalore, and Calcutta. Institutes like XLRI Jamshedpur, IIFT, IMT Ghaziabad, and O.P. Jindal Global University are also the dream of many students.