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Top Benefits of Part-Time MBA (Especially Working Professionals)

In India, management is regarded as a highly rewarding career path. As a result, a large number of graduates, as well as working individuals, opt for postgraduate studies in this field. However, with a highly competitive atmosphere, securing admission into MBA programs becomes difficult for many aspirants. On the other hand, some individuals may not be able to pursue a full-time MBA program on account of personal or professional commitments.

Thankfully, a number of Indian institutes have come up with a feasible solution to tackle these difficulties, namely, a part-time MBA program. Candidates who are not able to pursue a traditional MBA program can enroll for a part-time MBA through online or distance learning portals.

1. Changing Career Fields or Companies:

A part-time program provides adds weight to the resume of a candidate who is looking for a job change, after a little work experience, and helps them in getting promotions faster and landing a lucrative job. However, it is very common to have part-time students struggling to go through the task of preparing for interviews, while you’re juggling your degree and current job, especially if you are interested in finance and consulting. It needs time and a lot of commitment to go through case studies, and hence when preparing for interviews you might have to take some days off, to compete with regular full-time MBA students. At the same time, the work experience that you have will most likely be of more importance, than that of regular candidates, when opting for a job, giving you an added advantage.

2. Career Growth:

As a working professional, you should be aware of the latest trends that contribute to your employability, and any new skills that employers might be looking for in their prospective candidates. A part-time MBA program, lets you evaluate whether the career growth you are expecting is in accordance with the demand of the industry or not, and helps you develop the necessary skills, all the while you hold down a job.

3. Earning More Money:

There is a myth that part-time qualifications do not pay much. However, earning more than a decent amount of money is possible given a part-time MBA experience. Remember, experience counts, and once you’re done with your part-time MBA program, both of these things will add up to end in your favor.

4. Exposure:

You are likely to pick up a lot of new things, related to your subject or otherwise, and have multiple chances to network with like-minded people who’ll keep you in just the right amount of competitive spirit, while you interact with them.  This will serve as an improvement in your career, as you will find yourself ready to take on new responsibilities, with access to better remuneration.

5. Sense of Direction:

If you’re bored in your current job, a part-time program can come as a positive change in your professional life, where you can continue devoting a part of your time to something you’re interested in, while being financially secure. You can also figure out your calling, which you can pursue once you’re done with your part-time degree.

 

Also Read:

Top Reasons to get an MBA Degree

How MBA Helps You in Developing Your Skills?

 

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What Skills Do Companies Look While Hiring an MBA Graduate?

Considering the popularity of the Master of Business Administration (MBA) degree for graduate college students, MBA grads may want to stand out in a crowd, and knowing what employers are looking for is the key. The degree costs close to a fortune per year at the top schools, but one in three employers said they struggled to find business school graduates with the right skills.

In the process of choosing the best business degree available, you will find out that although different programmes cater to different needs, some MBA skills are taught universally. Surely, these should be relevant to your specific goals and career aspirations. However, it is also important to be aware of the current job market fluctuations and to keep in mind that employers will value some skills over others.

The most important skills employers look for are as follows:

  • The ability to work with a wide variety of people
  • Time management and ability to prioritize
  • Understanding the digital impact on businesses
  • Ability to build, sustain and expand a network of people
  • Ability to solve complex problems

The five most important skills were not core MBA subjects, such as finance and marketing, but more loosely defined qualities or so-called soft skills. Of these, employers said the ability among MBA graduates to manage their time effectively was the most difficult to find.

But MBAs are also expected to be more than problem solvers with great interpersonal skills. Employers rated skills according to how difficult they are to find in MBA grads when hiring, and the top five are:

In terms of the most important skills in the workforce, graduates mainly agreed with employers: soft skills matter the most. But when asked what skills MBA students were most proficient in, the results were contradictory, suggesting the expectations of employers and candidates are mismatched. Two of the skills that graduates from elite MBA/PGDM programs found they were most proficient in — drive and resilience, and the ability to solve complex problems — were also among the skills recruiters said they found the most elusive in MBA graduates.

The job seeking process is always a crucial one. The list above reveals the qualities that are vital in all MBA professionals. A confident and impressive lad can surely bag a nice job if he is thoroughly prepared and knows what to expect during job interviews. You must thus prepare yourself well and the job search will then be a cakewalk for you.

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MBA in HR: Scope, Career, Job Opportunities and Much More

Even though digitalization is said to take over 50 percent of the total sales of a company, according to a research conducted by Forrester and McKinsey, HR continues to remain an integral part of the company, be it local or international.

It is responsible for a variety of tasks, from recruiting new team members to maintaining the public image of the company. There has been an increased interest in HR, with some students taking up MBA-HR in business schools.

MBA in Human Resources is a specialization of the MBA course itself.

It is also a 2-year post-graduate course, which trains students in the techniques of human management and the strategies involved with it, like recruitment, selection process, the hiring of employees, onboarding, talent acquisition, training and retention of employees.

Thus, it is evident that there is a lot of scope of MBA in HR.

 

What are Some of the Career Prospects of the Course?

Like MBA graduates, MBAs in the HR specialization are also sought after in various respects. Persons trained in the MBA-HR course are required for the recruitment and screening of potential candidates. They also motivate the existing candidates by providing them with competitive compensations and many more such benefits. They frame the company’s HR policy and ensure that it is followed by all employees.

They also look after the welfare of all employees and pay heed to any complaints that they may be having. There is a lot of demand for learned and experienced MBA in Human Resources graduates. The more the experience, the higher is the position and the salary package. This definitely increases the scope of MBA in HR, providing more and more job opportunities to prospective candidates.

Upon completing the course and gaining experience as a trainee, here are some of the prominent job positions that one can apply for:

1. HR Generalist:

This is one of the entry-level positions for a Human Resources MBA graduate. The job description of the position involves working like receiving job applications from candidates, evaluating their resumes, selecting documentation, organizing recruitment projects and so on. The salary package usually begins at more than INR 2.5 lakhs per annum.

2. Staffing Director:

This is one of the higher ranking jobs associated with the course. It is the staffing director who is responsible for taking important decisions about the existing staff of the company. He plays an important role in forming the recruitment policies, promotional policies, and policies relating to transfer and training.

3. Compensation Manager:

The compensation manager looks into the financial matters of the company. He fixes the salaries of the previous and new employees of the company. He is required to look at the minimum wages act and the labour laws and ensure that the salaries he determines for the employees adhere to these laws. He also determines the amount of bonus and benefits that are to be given to the employees.

4. Technical Recruiter:

This is another job description available to graduates of MBA in Human Resources. During the recruitment process, he is responsible for testing the technical skills of the recruits and choose the ones who are well-versed in the technical aspects. This is very beneficial for sectors like IT and Banking.

5. Employee Relations Manager:

The Employee Relations Manager acts as the bridge between the company and the employees or the trade unions. They organize meetings for the employees and trade unions, address any complaints or grievances that they may be having and settle disputes between the company and the staff. They have a salary package of about Rs. 5 lakhs per annum.

6. Director of HR Training and Development:

This is one of the highest and most well-paid jobs in the HR sector. He conducts training sessions for the new candidates and ensures that the training process goes by smoothly without any glitches. It invariably affects the output of the company by increasing the productivity of the employees.

 

The Benefits of Doing MBA in Human Resources

Now, let us take a look at some of the advantages of pursuing a course of MBA in Human Resources:

  • An Improved Pay Scale: People with a Master Degree in HR management have a higher chance of occupying a well-paid job in the company, according to the Bureau of Labour Statistics.
  • More Job Opportunities: An MBA in HR will provide you with a lot of attractive job opportunities in the corporate sector. Some of the jobs that you can opt for have already been mentioned above. Each job requires its own specific skill set, so you can look for a job description that fits both your interests and your area of expertise.
  • You can Take on More Responsibilities: Once you complete your MBA course, you will have increased knowledge of all the small details of the industry. You will be able to operate better with this knowledge, and even guide those who are placed under you in the company. With a masters degree, you will have specialized skills and training which will help you take on the role of a leader and decide on important aspects of the company.
  • Increased Insight into your Career: This is one of the key benefits of choosing a career on HR- you will gain a lot of insight into your own personal growth and job prospects. These advanced courses on human resources also have portions on organized psychology, which will lend you a broader and deeper understanding of the human psyche. You can use your skills for workplace learning, and how to work better with different human beings. You will learn how to develop a business and use your skills to train would be human resource generalists. Instead of focusing on only hiring, you will be able to take part in the more significant work such as employee development and training.
  • You will have Better Job Stability: Both academics and experience matter in maintaining a job, so the chances are that a higher degree will help you maintain your job for a longer time. The fact that you have a higher degree like an MBA in HR will mean that you have improved knowledge and skills to help a company and their management needs- from hiring employees to sorting out administrative issues. This will make you invaluable to any company, which is why you will have a higher chance of maintaining your job even if the economic conditions come under the rough weather.

 

Thus, the importance of the HR department in any business organization cannot be negated or diminished. They conduct a significant portion of the company’s proceedings. This is why HR officials are in high demand in the market at the moment.

The scope of MBA in HR is and will always remain wide and pertinent because it is impossible to run a company without a good HR team backing it up. If you are someone who enjoys working with other people and wants to use his/her knowledge to help a company grow, then an MBA in HR from N.L. Dalmia is the route you should take.

 

Also Read:

Top 8 Tips for a Successful Career after MBA

Career Options After Completing an MBA

 

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How MBA Helps You in Developing Your Skills?

Each time a company hires new talent, they look for a mix of different skills and experiences. However, it’s no longer enough to just be a functional expert. To complement core competencies, there are a great number of soft skills that employers seek, many of which can be gained through an MBA degree.

Skills that Enhance Your Career Growth

1. Leadership

Leadership skills are no longer limited to those who are part of the c-suite or a board member. Due to the changing structure of today’s organisations where it’s more fluid and less hierarchical, practical leadership skills are essential to create impact, motivate team members and drive results.

Completing an MBA will undoubtedly equip you with the right leadership qualities to allow you to achieve those outcomes.

2. People Management

Wise leaders know they need a strong team and the only way to be able to manage those people is to excel in people management.

Part of having strong people management skills is knowing how to motivate, train, inspire and drive opportunities. These are some of the key competencies that you can learn by undertaking an MBA.

3. Change Management

When a change occurs, it never happens in isolation. It’s important to consider that it can impact an entire organisation and all the people involved. When trying to manage change successfully, it is critical to know what needs to be done.

An MBA will teach you how to reduce any potential stress or anxiety the change can have on people to ensure the transition occurs as smoothly and thoroughly as possible.

4. Communication

We all need to communicate ideas in the workplace. Excellent communication skills can be gained through an MBA, as you will learn how to provide clarity, eliminate confusion, and ensure people are being heard and respected. You will also be taught how to empower people with any tasks that may be at hand, including developing and maintaining successful relationships both inside and outside of the workplace.

5. Problem-Solving

Finding a solution to an issue or challenges faced by your team or company is at the heart of having excellent problem-solving skills. However, to manage that, you need to be able to recognise there is a problem, which an MBA can teach you. You will learn how to develop the appropriate strategies to overcome obstacles by collecting data, assessing it, and monitoring it.

6. Time Management

Excellent time management means you can accomplish more in a shorter period and therefore increase productivity levels. During your MBA studies, you will learn when and how to prioritise, as well as when to intervene or ask for help during a project to execute deliverables on time.

7. Collaboration

The saying goes two heads are better than one. This rings true in the work environment where studies have previously shown that collaboration can drive workplace performance. Collaboration involves individuals from within the immediate team, across departments and other external stakeholders to come together to share different ideas to achieve the best outcome.

An MBA will focus on the interpersonal skills that you require to help facilitate those conversations and develop top team performance.

8. Adaptability

With everything changing so quickly in today’s fast-paced work environment, it’s important to be ready to adapt to any circumstances on a daily basis. An MBA will teach you how to view change not as an obstacle, but rather as an opportunity.

While these are just samples of some of the skills that you can gain from an MBA, they should serve as a reminder about how studying for it will help you build competencies that will be useful for your entire career and will ideally enable you to rise through the ranks of your organisation.

 

Here’s your chance to get admitted at one of the top business schools in Mumbai, by applying here.

 

Also Read:

7 Things Nobody Told You About MBA

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MBA Admissions Question Types and How to Tackle Them?

Although euphoria is the first feeling applicants experience upon receiving an interview invitation from the business school of their dreams, what follows is often a mixture of anxiety, nervousness and, in extreme cases, dread.

If you tank your MBA interview, your odds of admission plummet. You can help ensure that doesn’t happen to you by thoroughly preparing for the exchange and the hardball questions that await.

Some schools are known for asking their applicant’s out-of-left-field questions such as, “If you were a tree, what kind would you be?” Most of the time, unexpected questions are deployed to elicit more clarity, honesty, and substance, which makes the conversation more interesting for both of you.

While you can’t know what your interviewer will ask, you won’t feel as flustered if you practice delivering concise, calm and thoughtful responses to all manner of unexpected questions. If you lose your composure, it’s hard to get back. At the moment, you can always take a sip of water or short pause to breathe, then redirect.

 

Here are seven tough questions you should be prepared to encounter:

 

1. Give an Example of a Failure.

This question invites you to consider the circumstances and pivot points that shaped you into an ever-wiser human being and challenges you’ve faced and overcome along the way. What’s most compelling to the admissions committee on the topic of failure is what you’ve learned from your experience, whether you’ve had to face your fears, and whether you’ve demonstrated the grit and persistence to bounce back and forge ahead with new awareness.

 

2. What are Your Weaknesses?

Like the question of failure, frame weakness examples in a way that allows you to demonstrate growth. For example, describe what initiative you’ve taken to work on overcoming the weakness and what you have learned from this experience. One way to talk about a weakness is to provide a situational weakness (as opposed to a character weakness). However, be careful not to sidestep the question. Showing humility and self-awareness is critical.

 

3. What Other Schools are You Applying To?

Every school wants to know they’re your first choice. But under this question is a subtle test of your deep understanding of this school’s culture, values and unique offerings. Of course, they also know that you’re applying to other programs – they expect that and it’s a sensible thing to do. But to win their acceptance, show them the love. This means going the extra mile to prove you understand a school’s unique culture and values, and that you’ve given considered thought both to how you’ll contribute to their community and what you hope to gain from it.

At the same time, you want to show reasoning for why you’re applying to other programs in the context of why this school is still number one. If you’re interviewing with Columbia, for example, consider contextualizing in this way: “Given my interest in doing my MBA in NYC, I am also applying to Stern. While Stern could also provide me with a strong finance education, CBS remains my #1 choice due to its unique value investing program.”

 

4. Explain a Project you worked on as if I was an 8-year-old child?

This is a great communication exercise showcasing your ability to convey complex information to laymen. Be clear, concise and focus on the big picture. Avoid using any industry jargon.

 

5. What Do You Dislike About your Job?

Think about your short and long term career goals, and make sure your answer doesn’t clash with them. For example, don’t say you don’t like office politics if your goal is to become a GM. Instead, you could focus on what you’re currently missing, and what you’re doing about it.

 

6. Give an Example of a Time you Worked with a Difficult Team?

Again, emphasize what you learned from this experience and avoid a lengthy explanation of the scenario. How did this experience impact your more recent team experiences? Or how did this experience help you define your leadership style? If asked about a difficult boss, focus on how this made you stronger (e.g. more autonomous, making your search for a mentor, etc.).

 

7. You Don’t need an MBA to Achieve your Goals—Why are you Applying?

Here you want to show you have thought of length about what business school will provide and how it will help you go further and have a bigger impact than if you did not have an MBA. It’s also not uncommon to be quizzed on something your interviewer finds intriguing in your application, such as undergraduate education paths in your country. Left-field questions can be an interviewer’s way to stay engaged in the conversation or satisfy a curiosity. (It can also be a sign your interviewer is not an expert at interviewing; this can happen more often with a second-year student or alumnus.) Don’t be thrown off by these types of questions, and embrace the spirit of the conversation. Focus on articulating clear and concise answers, and, more importantly, frame the interview by remembering to proactively insert your key selling points.

 

Finally, don’t miss your chance to turn the tables – especially if you’ve been fielding questions from an alumni interviewer. This is your valuable opportunity to ask those nitty-gritty questions that only someone who has gone through the program can respond to. When it’s your turn to ask questions, use the opportunity wisely.

 

Apply to one of the top MBA colleges in India that also gives you an opportunity to study abroad (U.S.A) in the second year!

 

Also Read:

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Top Benefits of Part-Time MBA (Especially Working Professionals)

N. L. Dalmia has shaped my personality in many ways. I learnt the best of HR subjects from amazing faculty members and the overall ecosystem helped me in becoming a better person.

When I entered the industry to start working, I already had a head start in HR concepts, thanks to the specialized HR batch. Additionally, we were provided with well-rounded development through assessment centres, IR case laws, personality development camps, college festivals, national level paper presentations and multiple sessions by industry stalwarts. I feel proud and grateful to have been associated with this institute. The conceptual and life learnings have shaped my career and more importantly my personality.

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]

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