October 2018 - N. L. Dalmia Institute of Management

Top 8 Tips for a Successful Career after MBA

October 26, 2018
| adminblog
| Career
| No Comments

Who doesn’t want to be more successful? High-flying MBA students and graduates give you the lowdown on how to achieve your business career goals.

Many of the world’s most influential people have one thing in common: an MBA.

Sheryl Sandberg, George Bush, Shaquille O’Neal, even TV chef Ina Garten—they’ve all got one.

It seems the course lends itself to any walk of life, as long as it’s success that’s on your lips.

With this in mind, we have rounded up 8 top tips from high-flying MBA students and graduates on how to reach your full potential—and some of them may just surprise you.

1. Know Yourself

Neha Sharma joined Microsoft as a product marketing manager in September 2018, having completed the Full-time MBA program in the same year.

“Self-awareness is key to one’s success,” she says. “You need to objectively evaluate where you are in terms of skills and achievements, and where you want to be, what drives your ambitions and—most importantly—how to transform and develop yourself to get there.

“Sometimes, taking a step back to reflect on your career and retrain yourself might prove pivotal for long-term success.”

2. Promote yourself

Jeena Mehta has had a successful career as a consultant and director of the Oxford Seed Fund, and is currently studying for an MBA.

She is adamant that communicating one’s achievements and goals is essential.

“During my MBA, I chaired the Technology Society, and managed activities at the Oxford Seed Fund. Initially, these extracurricular efforts were not acknowledged—not until I started communicating my accomplishments,” she explains.

“These success stories facilitated a meeting with the McKinsey global managing director. Talking about my goals and achievements with him, I positioned myself for the kind of projects that will advance my career after my return to work”.

3. Tackle the Status Quo

Natalia Sheikh, an MBA graduate, is a digital marketing manager with experience in luxury, hospitality, tourism and business services marketplaces.

Her tip? “It is not our talent, education, or skills that lead to guaranteed success in business. People with a rigid mindset, those who believe that the current paradigm stays forever, are much less likely to flourish than those with an agile mindset,” she asserts.

4. Unlock Your Ideas

An MBA degree is one of the best places for new entrepreneurs to take the plunge and begin their new business. A whopping 44% of students actually began their new business while still enrolled in business school. 2 out of 4 entrepreneurs owned their own business before enrolling in school, seeking skills to enhance their existing company.

5. Do What You Love

The age-old concept to follow your passion and you’ll never work a day in your life seems to be holding strong amongst business school graduates. 94% of graduating student entrepreneurs said that following their passion was the primary reason for starting their own business. An MBA degree can give you the skills you need to take that passion and make it a business.

6. Gain Skills

There is no doubt that an MBA degree provides aspiring entrepreneurs with the skillset to establish their own business or to grow an existing business. 91% of graduates said that business school helped them to lead their company while 90% said it helped them to grow their business. 88% said that business school helped them to develop an idea into a business.

7. Develop New Business Ideas Across Industries

Entrepreneurs start businesses in all industries. The three biggest industries where entrepreneurs are developing their businesses are in products and services (37%), consulting (20%) and technology (17%). An MBA degree can introduce business professionals to various industries and teach them methods to improve market research in these industries.

8. Measure Success

There are many measures of success among entrepreneurs. According to the statistics below, 41% of entrepreneurs are reporting more than $250,000 in revenue. In addition, 28% of entrepreneurs are working globally, and 27% are diversified, owning multiple companies.

N. L. Dalmia’s Global MBA Program, prepares the next generation of world leaders through a rigorous, stimulating business and management curriculum based on a global perspective, industry demand, and leadership preparing graduates with the skills they need to pursue the career they want.

Also Read:

Career Options After Completing an MBA

7 Things Nobody Told You About MBA

October 26, 2018
| adminblog
| MBA Advice
| No Comments

What a difference two years can make. That’s how most MBAs feel after graduation. Whether it’s the humbling realization that they weren’t the most gifted or accomplished member of their class. Or the fact that their peers were also valedictorians who had been showered with accolades and promotions, many prevailing over heartbreaking hardships in the process. In the end, the MBAs who excelled were the ones who quickly embraced their peers.

Learning how to lead was among the most transformational experiences for these MBAs. At the same time, these MBAs discovered that mastering various principles and processes were also teaching them something deeper. Here is some advice from the alumni to candidates interested in pursuing an MBA:

Data Drives Decisions

Decision-making as a leader is both an art and a science. While it’s critical to gather hard data and input from those around you whenever possible, there’s never a perfect answer. Knowing when to make a call, and when to bring more people and data into the discussion, is an art. Saksham’s biggest area of growth as a leader was becoming comfortable with this balance between art and science.

Take Risks

Different is great. Risha Pahilani’s story began when she chose to [pursue] an MBA in lieu of a traditional business program. While her friends and family saw the new program as a risk, Risha saw it as an opportunity. And by deciding to do something different, she got to build new companies, create change in community engagement and knowledge sharing, and shape how academic curriculum should change. She got to meet lifelong friends, who will be the next Steve Jobs and Mark Zuckerbergs of the world. She got to do great things, because of her decision to do something different. Risha learned that there is always something we can learn from the people around us, so ask questions and be open to challenge. Know that there is no black or white.

Learn from Your Mistakes

“Projects may succeed or fail, however, the greatest value is in what you learn and can apply to the next one.

Leadership Comes in Many Forms

Throughout his business school experience, Numaan worked on becoming the most supportive leader he could be. He recognized that in order to be effective listening was important, understand, and appreciate the concerns that were brought to attention. Everyone interprets life events and conflict differently. What may personally move an individual, may have little or no impact on the next person. As a leader, how Numaan perceived the importance of an issue is somewhat irrelevant in making sure that the person he is interacting with is heard and assisted in the fairest way possible. He learned that objectivity and acceptance are incredibly important. Everyone has the right to enjoy their experience equally and no one has the right to diminish another’s experience. Numaan’s experience showed him that he doesn’t need to compromise on his values to be effective.

Don’t Underestimate Networking

The biggest lesson Saloni Mishra gained from her time at Dalmia’s was that overused, ambiguous phrase “Your network is your net worth” really means and how to use it. Leveraging the right contacts appropriately can make a significant difference in outcomes—a job interview, a critical data point, etc. Saloni also learned not to reach out to her network only when she needs something but to foster those relationships on a personal level as well.

Soft Skills Often Trump Hard Skills

It’s all about empathy. The best teachers, innovators, leaders, negotiators, marketers, managers, facilitators, sellers, they all excel at deeply understanding other people’s needs and motivations. Reina truly believes that empathy is the most underestimated and overlooked leadership skill.

Take Nothing for Granted

Hustle harder. For Darshan Bhagat, pursuing a niche path in healthcare management meant that he had to be a part of the community, networking with alumni and other professionals, and diving into academic and practical learning opportunities. With no healthcare experience prior to business school, Darshan pursued two independent studies in palliative care and home health and secured an internship at one of the nation’s leading hospitals. He drank a lot of coffee, meeting healthcare professionals early in the morning as often as possible. He knew that he would have to work hard academically, but Darshan learned that the hustle extended far beyond the classroom. You have to stay hungry.

Also Read:

What kind of an MBA should you pursue?

How to select a college for MBA

Top Reasons to Get an MBA Degree

October 26, 2018
| adminblog
| MBA Advice
| No Comments

An MBA will offer you a wealth of advantages, especially when it’s offered by a top business school like N.L. Dalmia that also maintains a very good reputation. Getting a higher salary after graduation, landing a top management position, or even becoming your own boss is just a few of the extra advantages.

If you’re looking to change Industries

It’s easy to get stuck in an industry that no longer fulfils you, particularly at the beginning of your career. When this happens, you may need to make a career pivot. That kind of change is often only possible with a new credential, like an MBA.

If an MBA is a Professional must

An MBA is no longer the requirement that it once was in so many fields, and there are some industries that allow you to advance continually simply by continuing to gain more experience and demonstrate your talent. But even today, there are a handful of industries that still essentially require an advanced degree. For example, consulting or finance.

If you lack Self-Confidence

If you’re not yet entirely self-assured at work, earning an MBA can help you to gain the extra knowledge and confidence you need. Enrolling in an MBA program will allow you to ask questions and pitch ideas in a ‘safe place,’ and in the process, gain the mojo you need to take on the real world.

If you need a crash course in Business

As a reporter with an art degree, you might find yourself asked to cover business — and she needed an MBA.

This situation also applies to people who are functional experts in marketing, or R&D or HR. These people will stay functional experts if they don’t expand their knowledge and widen their perspective.

Earning an MBA can be expensive and time-consuming, and it is true that they aren’t as necessary as they once were. But if any of these four reasons sound familiar to you, don’t count an MBA out. It might be just the thing you need to get where you want to go.

Also Read:

What kind of an MBA should you pursue?

Career Options After Completing an MBA

October 6, 2018
| adminblog
| Career
| No Comments

Before jumping to the conclusion that a Masters in Business Administration (MBA) is the correct choice for you, stop and ask yourself why. The hunky-dory vision of life after MBA may not be so easy after all. Not every management graduate receives a cushy job and a dreamy salary package. You must have your goals in place to be able to establish a solid and successful career after an MBA, like most other fields.

The usual reasons for doing an MBA these days:

It earns you more money
It gives you a promotion in your job
It helps you quit a job that sucks

But in order to pursue an MBA and to feel truly satisfied by doing so, you must take a more cognitive view:

Why Pursue an MBA

To launch a progressive career
To make a shift in career, if you already are an experienced professional
To nurture an innovative outlook
To network with the best in the market
To add a brand value to yourself
To enhance personal growth
To start a business/ start-up/ turn entrepreneur
To move to another location

Once you know why you want an MBA degree, you should be prepared with a knowledge base of jobs that require this degree. Based on that, you may nurture your career interest. Client relations, consulting, business planning, resource or system analysis may be a part of your job profile, but let’s take a more specific view of the job opportunities after an MBA:

1.Management Consultant

A management consultants job is to advise companies on their management practices and identify problems within the organisation that may be holding the company back from reaching their goals. Many management consultants are self-employed, while others work for large firms. According to the Institute of Management Consultants, about 27% of consultants are self-employed. This is an ideal arrangement for many MBAs – a flexible career path with high earning potential.

Required Skills

Management Techniques
Salesmanship
Public Relations
Analysis

2.Marketing Manager

Marketing managers oversee the planning and execution of a multifaceted marketing plan to help their companies grow. They set budgets, plan marketing campaigns, and manage staff on the marketing team to conduct market research, launch marketing campaigns, and analyse the data collected from each campaign to make improvements. Their goal is to create more brand awareness and bring in sales. Marketing managers must be knowledgeable about many different types of marketing approaches and also be skilled at leading a diverse team. A Masters from N.L. Dalmia in Marketing Management can help you get here by obtaining the required skills:

Marketing
Public Relations
Management
Analysis

3.Investment Banker

Investment bankers help companies invest and grow their capital through shrewd purchasing of equity and debt. They also provide advice and assistance during financial transitions such as acquisitions and mergers. Bankers are responsible for ensuring all pertinent paperwork is in order and that all government regulations are followed during any and all transactions.

A Masters from N.L. Dalmia in Management with a specialisation in Finance can help you get here by obtaining the required skills:

Finance
Communications
Sales
Analysis

4.Operations Manager

An operations manager is sort of a company’s jack-of-all-trades. He or she oversees daily operations, purchasing, inventory, coordination between departments, and policy creation. Responsibilities may also include hiring employees and negotiating contracts. However, this job will vary depending on the organisation and expectations of the CEO. Therefore, this position requires a great deal of flexibility and multitasking.

Required Skills:

Management
Communications

5.Financial Advisor

Financial advisors cater to the individual rather than businesses, and play a key role in helping families plan for retirement, invest in their 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. This is an excellent career path for MBAs who have a desire to help others become financially savvy.

Required Skills:

Finance
Communications
Sales
Analysis

Which Path is For You?

Now that you have an idea a few of the possibilities available to you, it’s a good time to consider which skills you’ll need to develop to land the position that interests you most. And there are many other career opportunities for new MBAs than these five. Consider the fields and positions work best with your skill set, and you’re sure to find great companies looking for a talented new graduate!

Also Read:

Career Option After Completing PGDM Finance

Career Option After Completing PGDM Marketing

What Kind of an MBA Should You Pursue?

October 5, 2018
| adminblog
| MBA General
| No Comments

Have you recently completed a Bachelor’s Degree? Are you interested in pursuing a good management program? If yes, this article will be of great help to you. In this article, we will be conducting an in-depth analysis of MBA courses.

This article will help you understand:

What MBA courses are all about
The different types of MBA programs available right now
What’s the course content like
The scope associated with this academic program

MBA stands for Master in Business Administration. It is a postgraduate level course. The main aim of this course is to instil management skills and knowledge in students. If you want to take up key administrative and managerial roles in companies, corporate firms, MNCs and businesses, you must have adequate knowledge about the fundamentals of management. It takes a certain amount of management knowledge and skills to thrive in administrative roles. This is where a management education course like MBA comes handy. MBA is one of the most popular 2-year professional courses that’s always in high demand. MBA is a globally accepted master of post-graduate level degree. The core courses in an MBA program cover a variety of areas of business such as finance, accounting, marketing, operations, human resources, amongst others. Many reputed Top MBA colleges in India offer MBA courses. These business schools conduct different entrance examinations such as CAT, MAT, XAT, GMAT etc. to secure admissions on the basis of the scores attained by students in any of these examinations.

N.L Dalmia is one of the best institutes for MBA in Mumbai, and you can apply online to get admission in this management institute. This Institute is quite popular among students all around the country, who wish to pursue higher management studies and courses like MBA.

TYPES OF COURSES

There are two main types of MBA programs available in India:

General MBA course
MBA specialization courses

GENERAL MBA

General MBA course focuses on the basics of management. It allows students to understand the various aspects of the management field. The curriculum of the general MBA program in most MBA colleges comprises of core management subjects and few elective subjects.

Some of the core management subjects are:

Finance Management
HR Management
Economics
Organizational Behavior
Project work
Economics
Accounting
Business laws
Economics principles of management
Entrepreneurship
Communication skills
Business Communication
Business planning
Business Environment
Marketing Management
Retail Management
Computer Application
Taxation

Generally, the first year of an MBA program has core subjects. There are different elective subjects in the second year, and their availability varies from college to college

SPECIALIZATION COURSES

MBA specialization programs have focus on a discipline of your choice. Such programs cover subjects related to the field of specialization as well as the core management subjects such as :

MBA in Marketing
MBA in Finance
MBA in Human Resource
MBA in Information Technology (IT)
MBA in International Business (IB)
MBA in Health Care Management
MBA in Supply Chain Management
MBA in Rural Management
MBA in Operation Management

ELIGIBILITY

Minimum educational qualification required is – completed Bachelor’s Degree from a recognized University/Institute. Minimum aggregate marks criteria may exist and it varies from one institute to another.

MBA colleges require the fulfillment of the following eligibility criteria:

The candidate should have completed Bachelor’s Degree course from a recognized University/Institute.
Minimum aggregate marks criteria may exist, and it may vary from one institute to another. However, 55-60% is the usual benchmark.

COURSE FORMATS

MBA programs are available in many different formats. Some of the notable course formats are :

1.Full-Time MBA Programs: This is for 2 years that comprise 4 semesters. Full-time programs are just like other regular academic programs, and it consists of regular classroom lectures.

2.Part-Time MBA Programs: This program is pursued by working professionals. These programs are more flexible than full-time programs

3.Distance MBA Programs: Most of the MBA colleges and institutes all over India provide distance learning option in different courses including MBA.

4.Online MBA Programs: Students study virtually in online MBA programs. They get online lectures in this type of an MBA.

5.Executive MBA Programs: This MBA is for working professionals. The eligibility to take admission in an Executive MBA is to have minimum 3 to 5 years of working experience.

Getting an MBA degree from N.L. Dalmia will empower you with a globally relevant, recognized & valued education, bestowing you with several different opportunities as you study 1 year in India & the 2nd year in U.S.A.

How to Select a College for MBA

October 5, 2018
| adminblog
| MBA General
| No Comments

If you step into a reputed college, your chances of selection and settlement increase significantly. You might get a good opportunity right at the start of your career and with the knowledge and experience, you will become a successful name in the business world.

Here are a few factors to be considered before choosing an MBA Program:

1. Set Your Post-MBA Goals –

It is important that you set up your goals with respect to your background, motivation level, interest and of course, the scope in the sector. However, there are many cases where people have changed their field of work after MBA and some of them succeed tremendously but it is not necessary that the wind flows in the same direction. Hence, setting goals beforehand is always advisable.

2. Check Out the Ranking –

Pursuing MBA from any college is not sufficient. To get an extra competitive edge over the market, you need to pursue it from a college that beholds higher ranking. There are many authorities that hold the power to rank the colleges. Also, there are many websites that help you assess the ranking of colleges based on the curriculum they offer, their faculty, amenities, alumni pool, placement facilities, etc.

3. Curriculum –

Though it is believed that what you read in the classroom is poles apart from what you execute in reality; it is to be noted that practical knowledge draws its roots from the theoretical fundamentals. While opting for an MBA Program, it becomes essential to check on the curriculum and assure that it comprises all the essentials of the subject. Nowadays, colleges have opted for experiential learning. Apart from lectures and classroom case studies, they offer you a chance to imply knowledge on a practical basis. If the college does not offer you a new way of teaching experience, then it is better to step back from such college.

4. Internship –

There are many colleges that offer their students rich corporate exposure and a chance to work with companies on an internship basis. There are many cases in the record where interns get hired by the company for permanent employment if they perform well during their internship period. Look for the colleges that offer internship programs in reputed and well-established companies.

5. Alumni Pool –

For a college having vast alumni is not enough. The alumni also need to have higher approachability. Alumni are the main connection between the college and the corporate world. With an approachable alumni pool, a college may be able to fetch placement opportunities for the students.

6. Alumni Feedback –

Another important aspect that is related to the Alumni of a college is their feedback. Before opting for a college to pursue your MBA Program, go through their alumni feedbacks as it gives the real picture of the college status and reputations. If the alumni have good words to say, then go for the college but if you find something negative then it’s better to always look for better options.

7. Placement Cell –

The placement cell of a college is the most powerful tool that the college possesses for securing your future. If the college has a strong placement cell which has the ability to fetch up placements opportunities from reputed companies, then that specific college is the best choice for you. Check out Dalmia’s vast range of placement options https://www.nldalmia.in/Pages-Placement-Partners

8. Return on Investment –

Last in the list but the most important thing is that how much you MBA Program are able to generate the return on your investment. It depends upon the salary package you secure with your entry into the corporate world. Here’s where some of N.L. Dalmia’s alumni achieved after their MBA https://www.nldalmia.in/Students-Achievement

If you succeed in securing a seat in a reputed college which has all these factors as a core part of their operations, then it is confirmed that you must climb up the ladder of success very fast and within no time, you will reach the top level and become a part of the reputed alumni cell of your MBA college.

LIFE @ NLD

RESOURCES

LIFE @ NLD

RESOURCES

Recent Posts

Categories

Archives

1. Know Yourself

2. Promote yourself

3. Tackle the Status Quo

4. Unlock Your Ideas

5. Do What You Love

6. Gain Skills

7. Develop New Business Ideas Across Industries

8. Measure Success

Data Drives Decisions

Take Risks

Learn from Your Mistakes

Leadership Comes in Many Forms

Don’t Underestimate Networking

Soft Skills Often Trump Hard Skills

Take Nothing for Granted

The usual reasons for doing an MBA these days:

Why Pursue an MBA

Which Path is For You?

This article will help you understand:

1. Set Your Post-MBA Goals –

2. Check Out the Ranking –

3. Curriculum –

4. Internship –

5. Alumni Pool –

6. Alumni Feedback –

7. Placement Cell –

8. Return on Investment –

Quick Links

Security

Top 8 Tips for a Successful Career after MBA

Designation: HR Business Partner

Organization: Amazon Development Centre India Ltd

Name: Ravishankar Kale Phone: + 91 8956058483 Email: [email protected]

Name: Kshama Shukla Phone: + 91 9867366181 Email: [email protected]

Download Brouchure

Get 1st Exam For Free

Name: Ravishankar Kale
Phone: + 91 8956058483
Email: [email protected]

Name: Kshama Shukla
Phone: + 91 9867366181
Email: [email protected]

Get 1st Exam
For Free