MBA is considered as one of the many lucrative career options by most graduates. In fact, a survey by Graduate Management Admission Council (GMAC) reveals that 91% of alumni working in India believe that the degree prepared them for leadership positions. Another 88% say that a management degree improved their earning power.
Most management alumni say that managerial skills are essential if you want to be successful and competitive in the corporate sector. Says Abhishek Singh of Management Development Institute (MDI) Gurgaon, “Today the business world is one cohesive entity, where all functions come together at some point or the other. For instance, when a new product or service is launched, trained manpower from various specialisations (for instance, people in marketing, operations, supply chain management, business analysis etc) are required to give the new product an edge over its competitors. What I studied in my course had theoretically prepared me for these challenges. Therefore, it is evident that people with management specialisations are a need for businesses in today’s global order."
Amit Dutta, an alumnus of IMS Ghaziabad, agrees, “I would recommend a degree in MBA as it also boosts your promotion prospects. This is precisely why many mid-level executives opt for an MBA degree.”
The increased demand for trained manpower has fuelled the demand for tailored courses and specialisations across sectors over the last few years. Several private and public institutes have mushroomed to cater to this demand. Advises Gaurav Kumar, associate director, Education and Skilling Advisory, KPMG in India says, "Specialisation in core functions such as strategy, finance, marketing and operations are still the most popular among students and the recruitment fraternity. New courses like logistics management, supply chain along with operations (as a combination) will also witness growth due to significant opportunities coming up in e-commerce industry."
While there is a broad understanding of the motivations behind pursuing a management degree, it would be interesting to acquire a deeper understanding and insights from aspirants, students and alumni. Hindustan Times has initiated this survey as a step in this direction.