An MBA in Downturn Time: Does it make sense

by Swati Gill on Tuesday 4 October 2011, 3:01 PM | Category: Campus Articles| View: 1473 views
 
 
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A small Mediterranean island nation, Greece has been in news for the past few days, as its economy has suffered a major setback in the period of financial slowdown. The same condition is prevalent in many countries, as their economies are passing through a rough time; there is a financial crackdown in almost every country of the world. Recession has taken its toil in many developed western nations, leading to global depression. Some have a perspective that an MBA degree is of no use in such a period when many big companies a re suffering huge monetary losses and sacking its staff, due to lack of funds.  

However, for, a management professional recession is actually a blessing in disguise, as it is the right opportunity for them to use and apply whatever they learned in the MBA programme and proves their mantel.

An MBA programme is a specialised course, which can prepare management professionals to grow and adapt with any critical situation, faced by the corporate world in the time of global recession.

As a part of MBA course, students are offered wide range of specializations in various fields like marketing, retailing, finance, operations, etc. Learning different subjects gives them a detailed knowledge about various sectors, the possible risks and opportunities involved in it. This can help them to face a tight situation the financial slowdown and take necessary steps to come out of it.

Two years of extensive training, MBA programmes equips the students with right aptitude, approach and value system that can help them to take the company in the right direction during a critical situation.

An adverse circumstance like a monetary crackdown makes take the responsibility, moreover, the training given during the MBA degree prepares the future professional to fight against the odds, thus create good managers and captains, who never abandons the sinking ship, but sails through the storm to the land.

As part of MBA course, a student is given a detailed idea about very aspects of diversified business world. Thus, a management professional can handle multi-tasking. This is a great advantage for a management professional, as in such a grave situation when most companies are sacking out extra staff for cost cutting, you can be an asset for the company as you can handle multiple tasks, with efficiency.

An MBA degree gives an insight about present as well as future trends and about the possible threats in the corporate world, gives a clear picture of the various challenges a management graduate could face as executives.

The aim of MBA course is to translate class rooms into reality, thus the students have summer internship, where the students get a firsthand experience of working in real life situations, which students from other disciplines do not get to do. During this period of internship, a management student learns to handle stressful conditions.

Moreover projects, seminars, assignments help the student in MBA courses to adapt with the odds, stress to meet the deadlines. Thus, in future they would not break down while handling more threatening and stressful conditions like that of a financial downturn.

So, as Arnold Glasgow said “Nothing lasts forever. Not even your troubles” even this phase of economic depression will pass soon. And only the one who will face this phase with courage will not be affected by it. An MBA degree gives the insight and understanding to go through recession. Though many would have a negative perspective for doing management studies, it gives an upper hand to those who pursue it, which people without an MBA degree cannot get. 

So, do not waste time and get enrol in colleges offering MBA courses in India, and grab the opportunity to prove your mantle in the world

Summary

 If recession is a sickness, then MBA degree is a health-tonic that gives you power, mental stability to fight against it. It makes you good manager; leader who can lead the team through rough phase.

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