What are the Qualities required to become a Successful MBA Graduate in the Present Scenario?
by
@Rumana Maner
An MBA always gets the best job opportunity. There are various attributes of an MBA due to which every leading organisation depends a lot on MBA professionals. Here we can take a look at the best qualities of an MBA.
MBA’s are on the Top
In this present scenario, it can be noticed that almost in all the industries, MBAs are on the top. As per research, huge numbers of international companies are led by MBAs. Whatever may be the global economic and political situation, it can be noticed that MBAs will get the most priority in every business sector. Well established business schools are growing well in this present global scenario. At present MBA is sought as the most effective course, doing which students can always get a job with the lucrative package.
There are some Qualities required to become a Successful MBA Graduate in the Present Scenario, they are as the following:
Ø Presentation Skill
Ø Communication Skill
Ø Innovative Ideas
Ø Decision Making
Ø Self-Discipline
Ø Quality of Entrepreneurship
Ø Good Leader
Ø Logical Analytical skill
Ø Team Leader
Ø Interpersonal Skill
Ø Strategic Thinking and Planning Abilities
Ø Technical Skill
Ø Project and Time Management Skill
Ø Cross Culture Competency
Ø Innovative and adaptable mindset
Ø Teamwork
Ø Influencing Skill
Ø Negotiation Skill
Ø Win-Win Conversations
Communication skill:
An MBA student is always trained in such a way that he or she can have a nice grasp on the communication skill. Students of MBA are dedicated to the study program and they also pay attention towards fulfilling their aims in a career.
The success of a corporate house depends a lot on how the management of the company communicates with others. Hence, MBAs with excellent communication skills will surely raise the chance of success of any corporate house.
Innovative idea:
Being creative and innovative is the most necessary quality of every MBA. Every corporate house always pays attention towards implementing various plans and policies and to opt for the best policy it is always required to have the existence of creative management personnel within the organisation. Hence, every business organisation looks for appointing MBAs as employees with MBA degrees have the ability to generate innovative ideas.
Decision maker:
Decision making is another feature which every MBA must possess. In this present global economic scenario, it is always necessary for an MBA to be capable of taking decisions for a business organisation. An MBA within a management should think fast and should take an effective decision.
Self-discipline:
This is really good to notice that every MBA student is self-disciplined. This quality is always helpful for every MBA student to do better in their profession. A corporate house always depends on those professionals who are self-disciplined and able to manage the task within an organisation accurately. The quality of being self-disciplined is the quality that helps every MBA to carry on their work in an organised manner.
Quality of entrepreneurship:
The significant characteristic of every MBA IN entrepreneurship. Besides being innovative and organised, this is another significant quality that every MBA student should have. The quality of entrepreneurship of an MBA has always been welcome in every organisation.
Maintaining ethics: every business follows its own ethics and hence it is required that MBA within a business organisation should be a good admirer of the business ethics. Following proper ethics is the key to success. If MBA follows the ethics of the organisation properly, then it will be easier for them to frame proper policies which can be effective for the business organisation.
Good leader:
Leadership is the most important quality which is always taken into consideration within an organisation. Students having the capability and interest in leadership should always join in this profession. With this quality, it will be possible for them to lead the management as well as the workforce of the organisation towards the proper direction. Especially in this present market scenario, it is always necessary that every MBA should well converse with this quality.
Logical analytical skill:
Having logical, analytical skills is one of the most effective and essential qualities that every MBA professional should have. MBA Course helps students to develop their own thought process and this helps a lot in doing the logical analysis.
Team leader:
A good MBA student can shine in his or her career if they can become a good team leader or if they are eligible to work within a team. Teamwork is always preferred within every organisation. This is because there are various plans within an organisation which can only become successful if perfect team management is there. Hence, every MBA profession should learn how to work within a team and help the organisation to gain more success.
Interpersonal Skills:
Interpersonal skills or what are referred to as ‘soft skills’ have always topped the wish list of leading employers around the world. MBA graduates can explore diverse roles in the business world that require excellent interpersonal skills. These include verbal and non-verbal communication, assertiveness, listening skills, negotiation skills, problem-solving and decision-making skills amongst others. These skills can enhance your performance and give you an upper hand in leadership roles. Be it customers, clients, colleagues, or employees who you are managing, having these skills can make all the difference!
Strategic Thinking and Planning Abilities:
Strategic thinking and immaculate planning are vital for any business venture to succeed. Hence, employers actively seek these skills in MBA graduates. For any business idea to take root, a strong strategy and planning is required. These qualities will drive the organisation towards the path of growth. The organisation can look at the bigger picture and deal with its competitors if its employees possess these skills. Hence, graduates having strategic thinking and planning abilities are high in demand in the global market.
Technical Skills:
Technological intervention has led to several transformations in the business world. Technology has changed the way businesses are done around the world. And hence, employers in the contemporary market look for MBA graduates with some basic technical skills. Although it’s not an obligation to have advanced technical knowledge, having skills related to Data Analysis, Programming Languages, presentation and design, technical writing, etc. can enhance your portfolio dramatically!
Project & Time Management Skills:
Another important skill that employers seek is Project and Time management. Time management is integral for any business to flourish. Also, carrying out all the business operations smoothly requires proper project management skills. MBA graduates who have both these skills can reach their optimum potential and attract several career opportunities their way.
Cross-cultural competency:
The world has indeed turned into a small place with technology bringing us together. And the business world opens multiple international career avenues for MBA graduates to explore. Organisations around the world are constantly in search of talented MBA professionals and to grab these opportunities, you need to have a cross-cultural competency. Having this skill ensures having smooth professional relations with colleagues, clients, customers, or suppliers.
Innovative and adaptable mindset:
To stay updated with the evolving market trends each day and create new ones yourself MBA graduates require to have an innovative and adaptable mindset. This will bolster your career and help you create a special place for yourself in the business world.
Teamwork:
‘Ability to work in teams’ is one of the most sought-after skills by employers. Businesses essentially involve several professionals coming together. But for organisations to work efficiently, these professionals must have the ability to collaborate and work in teams. MBA graduates need to deal with a variety of professionals on a daily basis. And being able to adapt to any team and contribute effectively to it can be a huge selling point.
Influencing Skill:
Individuals who have some influencing skills without being particularly formal towards one another will always be the best guide.
People have to be good at communicating and helpful; they should be confident and trustworthy. Individuals aren’t born an influencer; they have to learn it with time. Therefore, for learning to be better-influenced people have to work on specific skills that can help them.
People need to cooperate and collaborate to gain clarity of purpose.
They should have the ability to grasp the attention and observation of others.
Negotiation Skill:
Negotiation skills are inherent qualities that help two or more parties agree to a common logical solution. In the workplace, you may have to display your negotiating skills in various situations such as:
· Negotiating a salary hike with the HR manager after promotion
· Negotiating a project deadline with your team lead or manager
· Negotiating few days off for a family holiday with your manager
· Negotiating contract terms with a potential customer
Lack of negotiation skills affects the business bottom line and could ruin customer relationships. Negotiation skills are soft skills and essential to become a negotiator and resolve workplace conflicts.
However, this skill set depends on the work environment, the parties involved and outcome desired. Often, when one party is ready for reaching a compromise, the other party may be resistant. This makes negotiation difficult and you are likely to encounter such situations in the workplace. That is why you need to master your negotiation skills.
Win-Win Conversation:
Win-win is a situation, game, negotiation, or strategy in which all the parties benefit one way or another – there are no losers. In a conflict situation, when the participants are trying to work out a resolution, a win-win strategy is one in which everybody is accommodated; all participants come out winning.
There are many different types of outcomes – everybody might win, one might gain while the other loses, or all parties come out losing.
Benefits to the business:
Today in this fragmented world when we can notice lots of changes within politics and economics daily, it is always good to know how the MBAs are doing well for the business. Here we can take a look at how the attributes of MBAs help an organisation in growing better.
MBAs within an organisation always help in developing new skills and technologies. MBAs from top class business schools possess advanced knowledge in all types of advanced technologies. Hence, this knowledge will surely help an organisation to grow better.
While MBAs are taken within the workforce of any organisation, then it becomes easier for an organisation to get the benefit of the special qualities of the MBAs and the business will get more return in all transactions.
MBAs are always a good planner. Hence, this quality always helps an organisation to implement effective plans so that the organisation can earn more profit.
Well, hence it can be noticed that every business organisation can really do well in this global market scenario with the help of well qualified MBAs.
Specialisation-specific skills required from MBA graduates:
Although there are many skills that all MBA graduates are advised to have, there are certain skills that are specifically required based on your specialisation. In this section, let’s find out what are some specialisation-specific skills required from MBA graduates.
Skills Required from MBA Marketing graduates
Marketing involves dealing with people and organisations on a large scale. It requires knowledge about the current market trends, understanding customers’ buying patterns, forming strategies and a lot more. For this, following skills are required from MBA Marketing graduates:
Communication skills, strategic thinking, strong interpersonal and people skills, attention to detail, teamwork, entrepreneurial skills, etc.
Skills Required from MBA Finance graduates
In order to thrive in the financial sector following skills are required from MBA Finance graduates:
Up-to-date with current market trends, good with numbers, ability to work in teams, adaptability, innovative approach, strategic mindset, strong analytical skills, etc.
Skills Required from MBA Operations graduates
Mastering the operations part and establishing a great career requires MBA Operations graduates to have the following skills:
Knowledge about the processes involved, analytical mindset, technical skills, attention to detail, communication skills, etc.
Skill Required from MBA HR graduates
The field of Human Resources has all got to do with people and their well-being in the workspace. In order to establish a successful career in this field, MBA HR graduates require the following skills:
Extremely good communication skills, networking skills, teamwork, leadership skills, psychological understanding, knowledge about human behaviour, innovative and creative mindset, etc.
Skills Required from MBA in Business Analytics (BA) graduates
Business Analytics is one of the most fertile fields for MBA graduates. Thus, to build a winning career in this field, MBA Business Analytics graduates need to possess the following skills:
Relevant analytical skills, strong technical skills, mathematical skills, attention to detail, research abilities, interpersonal skills, etc.
Thus, along with the advanced education and training that an MBA degree provides, possessing these skills will give you an edge and bolster your career. These skills will help you deal with the mind-boggling competition that exists in the current market and summon better career opportunities your way. There’s a massive scope in the business world that goes on increasing each day. With such an upward growth rate, acquiring these skills will definitely count in your favour and be futuristic. Hence, if you are an MBA graduate and wish to build a winning career, concentrate on partnering these skills with your academics and see the results yourself!
By
@Rumana Maner HR Manager
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