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Global MBA v/s regular MBA – Which one to choose?

A Masters in Business Administration (MBA) program is a pass to managerial and subsequently, leadership roles in a company. An aspiring student or professional who wants to pursue an MBA must make a choice between opting for a Global MBA v/s going for a regular MBA course offered in his own country. Let’s take the example of India here for explaining the concept better. 

The Similarities

Whether one opts for a Global MBA or a regular one, the course content and structure is designed around key concepts such as finance & accounting, marketing & brand management, human resources management, operations management etc. In addition, the key aspects of managing teams and leading them, and organizational behaviour is also taught. Business strategies touching upon the above mentioned subjects make MBA a very interesting and enlightening course. A Global MBA and a regular MBA will both cover the above aspects in vivid detail. 

What’s the difference then?

There are a few differences that clearly demarcate a global MBA from a regular one. We highlight it as below: – 

  1. The Outlook: A Global MBA program is designed to enable the aspirants to gain the desired knowledge, skills, training, and interactions that can accelerate their journey towards becoming global business managers. The emphasis on international trade and business, and how it impacts organizations is touched upon more in a Global MBA program. A regular MBA program may not delve into International business and laws governing it in depth. However, it might enable the students to learn about each department of an organization in depth and apply the same in managerial roles.
  2. The diversity: A Global MBA program enrols students/ professionals from various nationalities. The faculty is also from different nationalities and backgrounds and hence it offers a truly global experience. The diversity that each group brings to class is significant and hence, offers great learning enriched by diverse perspectives and approaches to solving case studies and problems.  
  3. The Prospects: A Global MBA program might offer enhanced prospects as companies from across the globe may be looking at placing bright students into their companies. It may enable students of the global program to tap opportunities in the world’s most exciting companies, leading technology behemoths, consultancy firms etc. A regular MBA would also enable you to get great opportunities, but may not be as diverse as a Global MBA. 
  4. The Network – A regular MBA may provide a network that might be limited to a particular country (India, in our case). Of course, with the premier institutions, the alumni network may enable the students to expand their network, but it may still have a limited reach. With a Global MBA, the network that you will create will also be global. It may become easy for global MBA students to reach out to various companies, industry types, countries, and communities.
  5. Job Opportunities: A global MBA will open a plethora of opportunities for MBA students. What’s more, the remuneration may also be comparatively higher than a regular MBA. However, one must also consider such aspects along with the cost of a global MBA. The total cost of a global MBA would be much higher than a regular MBA. 

Wrapping Up

While a global MBA looks like a clear winner, it may not be so. Students must consider the cost of a global MBA in terms of loans and funding required for travel and accommodation. A global MBA may also get impacted depending on economic cycles. For example – during a recessionary time when companies are likely to cut down on costs, a global MBA student may not find it easy to get the lucrative job that we have mentioned above. Also, a global MBA may often mandate a few years of relevant work experience which might make many MBA aspirants ineligible for it. While a regular MBA may not match up in terms of international exposure or global learning, it still offers great learning (both theoretical and practical) and enables students to become one of the most sought-after professionals in the country, especially if they have obtained their MBA from a premier business school. Aspirants must carefully consider all aspects of a regular and global MBA program before taking up either. It wouldn’t be a great idea to choose a Global MBA over a regular one without giving considerable thought to the merits and challenges that both bring along

5 Must-Read Books for a Business Analyst

A business analyst is one of the most sought-after roles in the industry today. A business analyst is a solution-oriented person who is responsible for enhancing operational efficiency, reducing costs, and augmenting the company’s top-line. To attain this objective, a business analyst comprehensively understands the processes in a company, their interlinkages, and usage and consumption data arising out of such processes and operation. With a holistic view of processes and operations and equipped with the relevant data points and insights, a business analyst suggests ways of enhancing efficiencies and profits of a business. 

If you have a knack for problem solving and analytical thinking and a flair for technology, you could graduate into a business analyst role. It would be immensely beneficial to have a great understanding of the domain in which the company operates. For example: a great understanding of banking can help you to become a business analyst in a bank or in an IT company with a bank as its client. You may also be in-demand with fintech and payment companies. 

While no amount of reading can substitute relevant work experience, listed below is a curated list of 5 books that can enable business analysts to accelerate their growth. For a budding business analyst, it may be just what you need to kick-start your career as a business analyst. 

Book 1: Business Analysis Body of Knowledge (BABOK) guide – Published by International Institute of Business Analysis

BABOK Guide is a bible for any business analyst. It is a must-read to understand the benchmarks in business analysis. It covers all areas of work that a business analyst is likely to undertake during his job. 

The book covers perspective on agility in business analysis, the role of information technology, business intelligence, business architecture, and management of business processes. The book has elucidated concepts of business analysis, areas of knowledge that the analyst must acquire, and the competencies that he must hone to improve as a business analyst. The book also covers in detail over 50 techniques that enable a business analyst to thoroughly analyse a business. The BABOK guide has been updated multiple times, so do ensure that you grab the latest copy before starting to read it. 

Book 2: Agile and Business Analysis, By Debra Paul and Lynda Girvan

From a linear ‘waterfall’ model of development, digitalization has shifted focus to an agile model of operations. An agile model helps companies to build new-age digital/ mobile-first applications from scratch and take it to the market (customers) fast. 

Business Analysts with knowledge of agile methodologies and experience at handling projects that work in agile mode are invaluable. 

This book is not only a great introduction to ‘Agile,’ but also a great playbook for you to understand and adopt an agile framework. As a business analyst that is equipped with understanding of ‘Agile’ methodologies, he/she can contribute to enhancing the experience of both internal stakeholders (business users) and external stakeholders such as customers, regulators etc. A Business analyst who is well-versed with agile is strategically placed for companies (especially with IT at its core) to make well-informed business decisions and create an immersive digital experience for all relevant stakeholders. 

Book 3: Business Analysis Agility: Solve The Real Problem, Deliver The Real Value, By James Robertson and Suzanne Robertson

The authors have again emphasized on the use of agile techniques to shorten the time taken to deliver value to the customer. This means that the techniques mentioned in the book will help the company to analyse information faster and make decisions swiftly. 

The book offers a framework to solve problems (especially customer problems) very fast. It gives ideas on converting the problem into an opportunity to offer value. 

Any business analyst (experienced or a rank fresher) can easily understand the content in the book. The authors have emphasized on using story-telling methods and narratives to enable analysts to focus on customer solutions. The book offers a framework which can be practiced easily for success as a business analyst.

Book 4: How to Start a Business Analyst Career, By Laura Brandenburg

Firstly, the author Laura has learnt her ropes in editing and publishing before having moved into a business analyst role. Her own career path and experience form the basis of this book that has enabled many young students straight out of MBA or PGDM courses to become successful business analysts. 

The author lays emphasis on the fact that a business analyst can directly come into the managerial tier from a completely different industry type, domain, or primary skill set just like she did. As many youngsters could vie for a business analyst role, the author’s simple and easy to comprehend book can make the difference between you beating the competition for the coveted role of a business analyst. 

Book 5: Sprint: How to solve big problems and test new ideas in just five days, by Jake Knapp

Author Jake Knapp enables business analysts reading this book to leverage the power of design-thinking to comprehend all factors and enhance probability of success of any new product or idea. It enlists a clear stepwise process that elicits how a business analyst could define a target, arrive at the most feasible solution, create a prototype, and test it.

What’s more; the book will enable a business analyst to do this all in just 5 days and be well-equipped with vital information to gauge readiness for launching a product or innovative idea. 

While there are more books that business analysts must read, the five mentioned above could be a great start. At a junior level, the business analyst role is in high demand and the competition is intense. Any candidate that has read the above books will have an edge over others who haven’t read it. 

Interesting Career Prospects after completing PDGM or MBA in HR

Human Resources (HR) is increasingly becoming one of the most critical departments of a company. With the proliferation of digital technologies and the services sector in India, human capital has become the most important asset of a company. The companies that can retain the best talent cost-effectively will beat their competition by garnering higher revenues, and profits. In the process, they will also gain market share and start compounding their free cash flows (FCFs). They will be in a better position to reinvest this into the business to enable it to attain scale and operational excellence. 

Hence, human capital management is extremely critical for the growth and sustainability of companies. Onboarding, retaining, and nurturing human capital is invaluable.

A career in human resources can be rewarding, especially in companies that deal in industries such as IT products, IT services, banks, insurance etc. 

Have you Completed your MBA or PGDM in HR?

Here’s a list of career choices that you may want to consider: 

HR Manager: An HR Manager connects the prospective candidates to employers. They oversee and manage the recruitments and address employee grievances and issues. They create the framework for reviews, performance appraisals, and compensation enhancement. They also maintain records as prescribed by the regulatory and compliance authorities. In essence, they supervise the company’s human capital and its requirements from all perspectives. 

However, it would be difficult to start as an HR Manager on the first day at work. You will have to first learn the ropes of the entire HR function before donning the managerial hat.

You are highly likely to begin as an HR Generalist. 

HR Generalist: As the name suggests, this is normally entry level talent, fresh out of an MBA or PGDM course in HR. They must learn to handle multiple HR tasks simultaneously. They get exposure across areas such as: 

  • Candidate screening and shortlisting
  • Interview Process and Onboarding 
  • Employee Induction 
  • Attendance Tracking and Payroll Management 
  • Performance Reviews and Appraisals 
  • Regulatory and compliance-based reporting 
  • Creation of operational reports for the leadership Team with information on key parameters such as attrition, revenue per employee etc. 
  • Employee Engagement and Retention 

As you gradually gain a year or two of work experience after an MBA in HR or a PGDM in HR, you will graduate to more focused roles. A few of these are as below: 

Staffing and Recruitment: 

Technical Recruiter: Their job is to gauge the technical skills of the candidate and understand if he or she is the right candidate for the position. These roles are apt for people who come with technical and domain knowledge and know the process of recruitment too. 

C-Level and Executive Recruiter: Such recruiters come with good communication and interaction skills, and they play the role of recruiting executive vice presidents, heads of department, CXO level leadership etc. 

Head of Staffing and Recruitment: The head of staffing and recruitment works across the entire gamut of recruitment, training, and creation of organizational policies around these areas. In such a role, the person is also in-charge of enforcing the same and ensuring that the best talent is onboarded, retained, and upskilled. 

The next key area is Attendance and Payroll Management. 

After an MBA or PGDM in HR and relevant experience, you could graduate into a manager of attendance and payroll. Such an MBA or PGDM in HR would be responsible for ensuring that the salary roll-outs at the end of the month is commensurate to the attendance of the employee. They would also manage or oversee the leave policy, encashment of leaves, calculation and credit of Provident Fund, and other benefits. They may also be entrusted the responsibility of managing compensations, mapping the employee salary costs, and ensuring that it is within the budget. Employee costs form a critical part of the expenses and keeping a control over it is vital to ensure profitability and growth of a company. 

Employee Relations and Engagement 

A person with MBA or PGDM in HR and relevant work experience may progress in his career to become an Employee Relations and Engagement Manager. Such a professional is responsible for handling and resolution of grievances of employees, resolving disputes between employees, forming policies in areas such as anti-sexual harassment etc. 

They are also responsible for ensuring that the employee morale across the company is high. To do so, they may initiate various celebrations on festival days, run contests for employees, plan team building activities etc. 

Training and Development: 

A company that can generate the maximum value from its human capital will succeed. One of the key aspects of ensuring this is to constantly train and upskill its employees. This can happen with training across new-age technologies, domain, and soft-skills. An MBA of PGDM in HR can graduate into a Training and Development Manager in an organization. They are responsible for identifying the training needs for employees across the organization, creation of training programmes and calendars, and ensuring that all trainings are conducted as per schedule. They may also liaise with external training consultants or organizations to create short courses that can enable the employees in their company to upskill, re-skill, and enjoy seamless career progression. 

Wrapping Up

There is no doubt that an MBA or PGDM in HR is the first step towards handling critical roles that impact the most important assets of a company – its employees. With the right experience and exposure, students with an MBA or PGDM in HR can firstly gain practical experience across all aspects of HR and subsequently hone their skills in one or two of those areas. They will be well-poised to handle a strategic HR role too – which has and will always be in great demand if we have employees coming in to work (or even working from home) every day. 

Global MBA v/s regular MBA – Which one to choose?

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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