5 MBA Myths Busted

Thousands of colleges selling MBA dreams, while some colour it vividly, some keep it painted in stark reality with simply a strong alumni and great reputation to add colours to the dreams. For some MBA is a job direction they are looking for, while for many, like many urban legends, MBA too have many myths associated with it. Let us take a walk down these myths to bust them and bring back the reality.

Million Dollar Tickets

MBA.jpg

It can be a bluff weaved by some MBA colleges or a general notion but many consider MBA to be the missing link to win a million dollar ticket. Well, even though MBA can help you find a good career direction, but it is not a ticket to million dollar. For that you will have to work hard and use your skills and talent.

 Successful Entrepreneurs

339520_197.jpg

Believe it or not, but many people in India has this belief that being an MBA is equivalent to becoming an entrepreneur, but that is definitely not true. If you are an MBA you can help entrepreneurs run their business efficiently, but having an MBA degree does not make you a business owner. If you want to own a business, studying MBA will help you in running it efficiently.

 MBA= Marketing & Finance

marketing-finance.jpg
Well, this is the most common belief and myth about MBA that if you are an MBA, you have to be a finance, marketing or HR person. But that is surely not true. There are many avenues of MBA like Fashion, retailing, Hotel and many more and you can choose the right way as par your interest and talent. Not all MBA are from Marketing and Finance.

 Easy Life

1071643_343.jpg

Okay, it is a very very common myth and believed almost by every Indian parents and especially relatives, that an MBA degree holder does not have any real work. All he/she has to do is to manage people, but get back to reality, that is surely not the case. An MBA degree holder do have work and very important ones.

MBA=Super Power

mba-1.jpeg

An MBA is a social wizard, he can meet, greet and create a great PR with people, he has the super power in being successful in every walk of life and yes, MBA opens door to Jobs. Well that is not true! MBA do not give you super power, but only helps you use your talent and skill well and give your career a better direction. If you are an IT professional, doing an MBA in Finance will not magically transform your career. You have to work hard, have skill and talent for that.

 

Advertisements

5 Mistakes to Avoid if You are Aspiring for MBA

What-is-MBA.png

Now is the time to focus on career. Gone are the times when people used to study and most of them eventually landed in a job to earn their livelihood. Every kid, every student today has a focus in their life and dreams which they wish to achieve.   If we take a look at the career scenario in the present time, MBA seem to be the most lucrative and promising career. If you are planning to start your journey as an MBA, you need to avoid these 5 mistakes.

The Secret Might Lie in the Group Discussion

Group-Discussion.jpg

We often cram and study and focus more on the written examination. But most of the best business schools focus mostly on the group discussion when selecting their students. This not only helps them understand the oratory and presentation skill of the candidate but will also help them understand and explore the candidate’s insights for an extempore topic.

Market Awareness

How to Increase Brand Awareness through Social Media.jpg

For an MBA student, it is important to be aware of the market scenario, for that is the secret ladder to success. Study the current market and economy dynamics as it will help you in group discussions and personal interviews as well.

 Running Behind Every Exam

exam.jpg

While you might feel that appearing for every exam might secure your admission, but being focussed is the key. Make a list of the institutions which you aim to be a part of and then start preparing for the entrance exams.

 MAT or CAT

CAT-MAT-And-CLAT-Exams

Deciding on the entrance exam can be quite a task. While many believe that CAT is more important and will pave a better opportunity, but in reality, MAT should also be given an equal importance as this exam offers a wide range of B-schools even if your score is not sky-high.

 Check the Reputation

471566666-612x612.jpg

While there may be many B-schools in your city with attractive offers and ad campaigns, but being an aspiring Management student, you must have the ability to judge the right MBA school. Choose your school based on the reputation and not on some promising advertisements.

5 Career Opportunities after Doing an MBA

MBA-Offers-Far-More-Than-Just-A-Degree.jpg

An MBA (Masters in Business Administration) is an extremely versatile and valuable degree. This will allow you to shine in different directions depending on your career aspirations, skills, and interests. Let’s take a look at few of the career options and job opportunities that can come in your way with an MBA degree.

Management Consultant

Business-Consulting.jpg

A management consultant’s job is to advise companies on their management practices and identify problems within the organization that may be limiting the company from reaching their goals. Many management consultants are self-employed, while others work for large firms. This fall mainly under the crisis management department. This is an ideal arrangement for many MBA degree holders: a flexible career choice with high earning potential. A management consultant should be well-conversant with management techniques, salesmanship, public relations, and financial analysis.

Marketing Manager

download (1).jpg

Marketing managers oversee the planning and execution of a multifaceted marketing plan to help their companies grow. The main job of the managers is to set budgets, plan marketing campaigns, and manage staff on the marketing team who conduct market research, launch marketing campaigns, and analyze the data collected from each campaign to make improvements. Their goal is to create more brand awareness and bring in sales.

Operations Manager

images.jpg

 

An Operation Manager oversees the daily work of the company operations, purchase, inventory,  and works on the coordination between departments, and also helps in policy creation. Responsibilities may also include hiring employees and negotiating contracts. However, this job will vary depending on the organization and expectations of the CEO. Therefore, this position requires a great deal of flexibility and multitasking. An operations manager should have knowledge of management and communications.

Financial Advisor

main-qimg-f3b116439d46a3c969bda238ddc5b876-c.jpg

Financial advisors cater to the individual rather than businesses and play a key role in helping families plan for retirement, take decisions about investment in children’s education, and build individual wealth. A financial advisor looks out for their clients’ best interests by suggesting good investment opportunities and creating realistic long-term plans. A financial advisor will have knowledge about finance, communications, sales, and analysis management.

Investment Banker

Investment bankers help companies to invest and grow their capital through purchasing of equity, bonds, and shares. They also provide advice and assistance during financial transitions such as acquisitions and mergers. Investment bankers are responsible for ensuring that all pertinent paperwork is in order and that all government regulations are followed during any transition. An investment banker should have ample knowledge in finance, communications, sales, and analysis management.

 

5 Ways to Create an Impression on your First Day at Workplace

“The first impression is the last impression”; although there are many places where this quote is not applicable, no one can deny the fact that this stands true for your new workplace. Your new co-workers and colleagues perceive the “type” of person you are based on initial impressions. These judgments can turn into long-term perceptions and affect your career in the organization. Here are 5 ways in which you can create an impression on your first day in the workplace.

Be punctual

The most important tip for freshers is to arrive early and finish your task within the stipulated time. Being punctual at the workplace highlights your organizing capability and eagerness to work. This also shows that you take your deadlines seriously. Be a good team player; if someone in the team is struggling to finish his or her work, you can be flexible and stay a little late to help your team members.

Be Positive

Staying positive in a workplace can have a huge impact on your career. Be energetic, enthusiastic, and friendly with everyone you come in contact with. It is always better to get acquainted with coworkers as this not only results in better work ethics but creates a favorable environment to meet the deadline timely. Be a good work buddy and lend a helping hand.

Show dedication

If coming early is not making the mark, and then take initiatives to prove your dedication in the workplace. It is always advised to be proactive; go to your seniors and ask them if you can help in any project. This not only shows your enthusiasm about your workplace, but also gives a positive impression.

Seek help

Showing competence is always appreciated, but you cannot know everything. Seek help from others instead of doing the job incorrectly.

Be strict with your fashion choice

Make sure to be well groomed, check for the wrinkles in your shirt and get it fixed, follow a neat and clean look and follow your company’s strict dress code.

Why do MBA

After completing graduation it is usually a confusing period for the students.   The anxiety and dilemma while choosing the right path for a perfect and successful career is both stressful and challenging. With so many options in hand, there is one career which can offer both wealth and a global exposure.

MBA (Masters in Business Administration) will offer an array of advantages, especially when it’s offered by a top business school with a very good reputation. A higher salary after graduation, landing a top management position, and a global exhibitor, are some from the many advantages to it. So if you are measuring the pros and cons of an MBA degree, here are few pros of getting an MBA.

High Salary

pagar-billetes-770

Whether an MBA graduate is employed within the private or public sector, their salaries are always higher than any average jobs.  Any student while planning his/her profession definitely keeps salary as an important factor. After comparing an MBA graduates salary and another degree individual with the same potential there is a big difference. Hence making MBA a lucrative career option.

Career Opportunities

Success-Man

An MBA program provides a diverse field for graduates to expand in. There are several core areas covered within an MBA program, including Human Resource, Statistics, Technology and Information Systems, Economics, and Finance. All these areas qualify an MBA graduate to pursue a career in multiple areas and business sectors as well as the public sector.

Flexibility

tijd 1

An MBA program can offer flexibility for those who are employed and still pursuing masters program. Most MBAs are offered as a part-time course as well as full time and this option means that the students can work at a pace which suits them the best, without feeling hassled or stressed.

 Knowledge

ide-bisnis-kreatif.jpg

MBA graduates have a better understanding of the business world; graduates acquire an in-depth view of the business world. Hence there is no worry about future business problems and stress.

Communication Skills

1071445_Wallpaper2.jpg

MBA programs consist of providing soft skills and vocational training. They are taught the art of language, how to add meaning to their words, how to develop effective and exceptional presentations, and overall, how to interact with others in and out of the classroom setting. In a world when communication is the key to success, having a beforehand experience of communication will surely make things easier on the professional front.

 

 

 

 

 

 

Tips for Internship

Graduates today face the toughest problem when looking for a job due to the increasing competition and a diminishing  number of graduate opportunities. It is important to have an internship on your CV before leaving university; this will show the prospective employers that you have a professional experience and you are committed to your career with some knowledge of the industry that you’d like to work in.

First internships are hard to get but the experience is extremely important to determine what you will be expecting in an office environment. Let’s go through some tips for a rocking internship.

Be punctual

HBS 1

Punctuality is highly expected during an internship, try to make a positive impact the second you step your foot in the door. This is especially expected during the first days of internship and throughout in general. You’ll be much more respected as an intern if you arrive earlier than the reporting time and leave around the same time, if not later, than everyone else, because you’re going above and beyond the minimum requirement.

Get to know others

HBS 2

Take the first week in hand to build relationships with your fellow interns and co-workers. Meet everyone and anyone you can and begin a conversation about their position, background, and experience at the company.

Stay organized

HBS 3

Staying organized is the key to being productive. Whether you have any project in hand during the first week or not, organize simple tasks to stay focused. Make sure to complete any tasks you may need to do to get you started like setting up your computer or desk or filling out forms. This will help you to keep your tasks simplified and remove error later on.

Employ resources

HBS 4

Take advantage of the resources around you. Build strong connection with the ones who stood in your shoes before and gain industry knowledge from the finest. Learning from others will broaden your knowledge of the organization and industry, as well as show how collaboration plays a key role in everything.

Stay positive

HBS 5

No matter how your internship goes, try to stay positive throughout. Wearing a smile on your face, especially during your first week, shows everyone in the company that you deserve to be there and that most importantly, you want to be there. So make sure you have a positive attitude while hustling.

Tips to Survive Your Workplace with a Smile

Life changes at every stage. While school was all about smiles and growing up in a secured environment, college gives you a proper exposure to the outer world and job is all about dealing with the hardcore reality of life. The first days might seem to be the most amazing ones, thanks to the enthusiasm and the supportive co-workers but as days passes by, the scenario might change and surviving in a workplace might seem quite difficult. You might do your job perfectly, but surviving in the workplace needs a different kind of skill. Here are some tips to survive blissfully.

Sharing is Not Caring
Well, you might have learned since your childhood that sharing is caring, but when it is your workplace keep in mind, not to share any of your personal affairs with your colleagues. Do not stay distant but sharing too much might back fire.

Social Media- A Strict No
Agreed, millennial these days are all about social media, but too much of anything can be harmful. Never ever log in to your social media accounts at work. Not only it is diverting but it also gives a very bad impression at your workplace. Also, if you are following your company page, sharing too much about the company or sharing too many things from your company in your newsfeed can have a negative impact.

Never Burn Bridges
There might be times when you might feel that you do not like a particular colleague of yours, but always try to be in good terms with everyone in the company. Being cordial is the key in maintaining a healthy relation among your colleagues. Just because you do not like a person, never ever burn the bridge and invite trouble to your work life

Change Your Perception
Your workplace is a whole new place and you might or might not feel comfortable in the environment, but you cannot complain or sulk about it. The only way to deal with this is change your perception towards the entire matter. Look at it in a different way and you might find a different approach to the whole situation.