Is MBA Necessary For Entrepreneurship?

17:24 |

Think rationally, and answer what does an MBA teach you? It teaches you practicality in situations; it teaches you techniques of communications, it teaches new tools of business, practical skills to finding solutions, and approaches to think of new innovations. It hones and fine tunes the raw and edgy businessman in each of the above traits. A careful look at these will make you realize that MBA is not a course that is distant from human common sense and instincts. It bears close resemblance to the curriculum of life in general and the adeptness with which one operates the nitty-gritties of life. Thus, an MBA in India program is not required for entrepreneurship except for the following reasons. 

Comrade Research
Sometimes having a partner to think with a group of people actively opining on your thoughts can make huge difference to how your thinking can be moulded. This camaraderie is available in an MBA class where like-minded students assemble to research together, find news solutions, help friends, learn from others’ experience and absorb the same. This exposure is something that you just don’t get sitting in your family business or the newly found business. 

Guidance
If you are lucky then you may find a mentor, a guide, who can trail you around the techniques, the ups and the downs of business otherwise this is one thing that you will be lacking without an MBA class. A good guide to guide you through the entire process of starting the business, indulging specific research, assessing consumer tastes, preferences and also gauging the market sentiment of the product or service to be launched makes all the difference. 

Understanding Seriousness
This is a fact, students, professionals or individuals in general get affected more with the herd mentality. This is one reason why, when in an MBA college students tend take things more seriously. On the contrary, setting up the business along leads to facing issues alone where one has higher chances of de-motivation vis-à-vis being accompanied by someone who can be a stabilizing and motivating factor. 

Concentration
This is a common complaint heard on behalf of many non-MBA entrepreneurs who complaints about not being able to concentrate and set shop along vis-à-vis someone who has done an MBA. There is no doubt that this is true! The training and the honing of the skills makes one more adept to move around organization and setting up issues faster than one who has not practical edge over business and regulatory aspects.
As we would like to say, it is not necessary for a good entrepreneur to be an MBA but at the same time it is not surprising for a good entrepreneur to be an MBA. 

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Posted by samjohnson

Considering a Part-Time MBA? Look out!

16:02 |


MBA has become such an integral part of the journey up the ladder of career success that students and even working professionals sans this title are desperate to seek one. However, in this rat race most often people forget that everything comes with its pros and cons. Professionals with family life and a breaking career opt for a part-time MBA. This is a fantastic step to be taken at point in time during your career however; this too has its own set of disadvantages which are better avoided by pursuing a full time MBA straight after the graduation, if given an opportune chance. MBAupdates strictly warns, especially students, against continuing graduation internships and forsaking and their MBAs in greed on the small stipends. Coming back to the problems faced by part time MBAs read on to know more…

Education Fleecing
Yes, believe it or not, many students and professionals desiring for an MBA land up choosing part-time MBA programs that reflect no ranking of curriculum, university and infrastructure. There is no point in pursuing an MBA that stands no base as it will push none up their career chart. Most of the part time MBAs programs take advantage of the growing desperate situation of student in question and charge bombs for the a sub-standard program. Thus beware of low-quality programs, it can sot you your careers and lifetime’s savings. 

First Impressions Are Difficult To Change
Being a professional you have already made a mark on your seniors in office. Now, when you go out to pursue an MBA many fail to recognise your new found skills in administration as they already know you as a non-MBA employee. Thus, it is better and much easier to make a mark with an MBA from the beginning itself. 

Nil of Academics
It is a known fact that part time MBA programs are designed to suit busy professionals and students pursuing it with another degree or maybe work. Thus, the role of academics and stressing on the same is reduced to nil emphasising only on basic MBA training. This is one aspect that all part time MBAs miss out on, for sure. 

Stress and Forgoing
There is no doubt that if you are working and pursuing an MBA together you ought to sacrifice your family and social life. You probably will be seen having no time for family, no social life and may also see some daily routines and regimes disappearing.
Thus, keeping all this in mind, MBAupdates suggests each and every one of you, starting from a lazy student to a just-woken professional to pursue a full time MBA unless you are willing to forsake the aforementioned points and couldn’t care any lesser.

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Posted by samjohnson

Working and Studying Together?

10:16 | Labels: , , ,

To imagine excelling in work as well as studies at the same time is dream like situation that can be created only as a figment of your imagination. In reality, doing the two together is quite a task. Yes, this is not to demotivate you to strive for the two ordeals together, but to give you the correct cost-benefit analysis of both taking reality and practicality into consideration. MBAupdates shares the real picture with you, straight and upfront. Pick the essentials that are relevant to you and take your decision forward to choose both or either option.

Pros

The first and of course, the biggest attraction factor of studying and working together is to earn that extra buck. This extra money can be used to not only cover your expenses if you are studying away from parental financial aid but can also be used as fees right now or to augment further education. No doubt, for some this could be the inevitable option guiding their education and career goals. MBAupdates thinks this is one of the only real factors that make work and study a good deal. However…

Cons

If you are one of those who do not require this additional moolah and are indulging on both options to gulp more experience, well, you are mistaken. There is no doubt that your performance of at least one of the factors gets affected causing you to lose out. You get lesser time to study as you are working and attending team meetings while at the same time if you are studying you are probably missing a promotion or increment in the current year. Successful corporate life requires one to show some dedication for a quick run on the corporate ladder. By you, expressing your larger concerns with your exam dates and research paper submissions will move the tangent towards carelessness at work translating into effective growth at workspace. Secondly, if you are busy with both and being lucky if you are managing cutting out spaces for both work and study then you must keep in mind that you are probably going to not find time for any social activities, family functions and friends. Forget about your nightlife and movie time. Weekends are going to be tight as well. You are not going to get time to spend the money you are earning. You are neither reaping the fruits of your efforts at work and neither are you able to getting better grades that could make tumultuous difference to your final results and placements while studying.

To Conclude

Thus, MBAupdates has a simple solution on offer for you folks twisting with the idea of working and studying together. Work only if you require the money to fund your current or further education, or else, just concentrate of studying. You will gain much more from better grades than from half-hearted efforts at both tasks.

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5 Ways to Find the Perfect Internship

10:43 | Labels: , , , ,



MBA students on the verge of completion of their first year are already on a lookout for the summer internship. If you have not started looking for the internship, it would be advisable to start immediately only after seriously thinking about your long-term goals. Thus, look forward to search for the internship to help you reach the goal in your mind.
The next issue is to decide if you can live with an unpaid internship MBA or you do need a paid internship. If at all, you are offered a great internship but it is without any stipend, it would make sense to ask the employers to reduce the working hours so as to support yourself with a part-time paid job.
Here are a few ways that can help you get started for your quest for the internship.
1. Start with your career services/placements office
Many companies do send their internship openings to local colleges and universities. So, it does make sense to start your search here.
2. Use LinkedIn
It is one of the best portals from where you can get a list of internships at various companies. So why not utilize the same and apply to these offered internships.
3. Broadcast your need for the internship.
There are many people around that might be ready to help. Maybe not directly but indirectly by introducing you to other people who would help you grab that internship of your choice.  It is all about letting people know what you are looking for and be amazed at how help comes through unexpected quarters.
4. Check your dream company’s website for openings.
Some companies do not place ads for interns other places and believe that the most dedicated and interested folks will come looking at their website. Go there to see what you can find. Apply through the regular channel that they list, but then use your alumni network and LinkedIn network to let others at that company know that you want that internship!
5. Let you burning desire to work at a specific place reflect in your actions toward attaining it.
That organization may not have ever hired an intern or may only hire interns through employees. They might only hire interns who are unusually aggressive in pursuing an opportunity with them. Sometimes, you have to go for what you want. Send them a letter or an email. Follow up with a phone call. Find someone there you can connect with and let them know why you are a great fit and how you can contribute. Amaze them.
The key to finding a summer internship is persistence. A summer internship will not fall in your lap. You will have to go out and find it. When you do find the internship of your dreams, it will open so many doors for you that you will be happy that you worked so hard to find it.

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3 Ways to Write an Impactful Essay

11:29 | Labels: , , ,


You managements essay is a very important aspect of your route to your dream B-school. You sure do not want to lose the colour of your grand success at the eligibility examination that you worked so hard for to combine with a dull management essay that will weaken your chances of a grand B-school entry for mba. It is your chance, your expression to gain that leverage to work things for you as management student. So here are few guidelines that would surely assist you in writing an essay that enhances your chances in getting into your dream B-School mba.

Be Personal and Be Yourself

Make sure to get rid of all inhibitions while writing your essay. Be yourself. Add that zest, that desire to establish the relationship with the institution you are applying to. Share your thoughts, your real interests while highlighting the ideas and concepts you believe in, as this is your chance to stand out. You may be shy of your thoughts while expressing it to people when on stage or in a party. Jotting them down and expressing it through words can help you avoid this fear you have of expressing your real ideas and the creative bent you have in you. For all you know, that could be the only feature that could interest your life changing reader. Do not repeat and brag about your personal feats, mention them nonetheless but highlight stuff you haven’t got a chance to show off. Be you!

Sell Yourself as a Bag of Experience

After talking about the details you need to highpoint detail examples supporting your thoughts. The more justification you add to your goals and ambitious the more you come across as being an organised individual capable of taking responsible choices on each level and phase of life. Talk about how you have become how what you are today; your journey till this point in life. Exemplify your external environment and other factors that have influenced your character and decisions in life. Experience speaks and this is your way to tell them how experienced you are facing the troubles and stones that life throws at you. Demonstrate your capabilities with your essay.

Creative approach-A MUST

Creative approach is a must. Think about it very carefully, there will be a thousand applications. All the students will be at par, some even better than you, some worse. You need to stand out. Most of the students, in fact all, will write their feats and achievements which even you will but using creative tints to the same information will make your essay more readable and not boring to the reader. Make it stand out.

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5 Characteristics That MBAs Should Avoid

11:23 | Labels: , , , ,


Just like MBAs are expected to be strategic thinkers and great leaders so are they expected to be devoid of certain traits that could adversely affect their future in the corporate world which poses a competitive environment. Yes, one flaw characteristically and your game is over! MBAupdates has put together some characteristics that one must be avoided by habit in order to falter any steps on your climb up the corporate ladder. Read on to know how to make yourself a better MBA by avoiding the removing the traits from your being as a whole.

Unpunctuality

What did the MBA teach you? The first thing that is taught was the management of time. Being on time and working on time with effective deliveries of projects or products will take one a long way unlike the unpunctual habits that will reflect a sloppy and lackadaisical attitude. Being unpunctual clearly reflects that you do not care about the job at hand; it reflects you treating it as a second fiddle.

Disorganised

Organisational skills go a long way be it your own entrepreneurial business or a corporate multinational. Organisation of thoughts, business processes, operations, employees, work, and results is what drives businesses to higher levels of growth and converts individuals into business leaders. If you can organise you can manage time and time is success truly, at least in this day and age.

Uncooperative

If you want to rise to the echelons of power, then this is the time for you to make it large by being co-operative. Take a simple example. Why do politicians have followers, party people? This is because each needs the other and they work as a team. If you want to become a leader you need to be co-operative; co-operative with the needs of the rest and understanding of their motives and decisions. Being intolerant towards people, employees etc. can lead to disrespect for you as a leader. Being accommodating can generate the most respect for a leader or manager.

Lack of Clarity

The lack of clarity can really mislead the manager of a business. Thus, it is important for an MBA to have clarity about what is the purpose of a decision, his business motives, and his business targets and of course all this should happen in direct movement towards the final goal. The goal should be built and clarified before any other work begins.

Selfishly Driven

If an MBA is selfishly driven in an organisation, the organisation will go nowhere and neither will the person himself. He needs to generalise the cause of being profitable for all to make his organisation profitable. Only if he works for his employees, will his employees work for him.
Thus, there are some traits that a budding MBA should definitely avoid if he wants to succeed in his office or his business space.

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Does Online MBA really help?

10:28 | Labels: , , ,


We all know what a B-school MBA can do to your career, how far can it take your career and what can it draw out of you to give you what is stands for, the cost-benefit analysis for a standard institution based MBA is understood by all, but what about online MBAs? What is the fabric of an online MBA and its basic cost-benefit analysis for a student? Here are some helpful insights categorized based on essential features raked up after a brain-storming session of the MBAupdates team.

Cost Factor

There is no doubt that an online MBA is much cheaper than standard credit based institutional MBA. For those students for whom finances are mattering the most right now and their choices are only between doing it and not doing it, then here is a good option for you’ll. Do an online MBA if taking a loan for a standard MBA is not even a possibility for you. Though not highly preferred, MBAupdates strongly believes that ‘something is better than nothing’. Talking about the costs of a standard MBA, they are 5 times more than an online course, however, there is a lot missed in an online MBA.

Training

The real purpose for you to opt for a post graduate degree like this is to get the best of the management training. However, MBAupdates says it very upfront that online as far as training goes, MBA are not match for on-site MBAs. In fact, the reasons are here for you to see. Practice and practical training are the key features imparted while in an MBA course; be it with learning the mere using of office tools in great detail or giving presentations and getting rid of stage frights. On-site MBA makes you mingle, talk, and discuss issues with like-minded competitive people giving an insight in to the competition and life that awaits you at the first step on the corporate ladder outside the college campus. It teaches you communication and strategies. An online MBA cannot do all this for you, even though it is cost effective. It fails to teach you time management and certain other essential skills of the trade that ultimately home you towards being a better MBA. Basically, it fails to impart practical experience which is a must considering it’s an MBA that you have opted for.

Placements

Online MBAs find no placements. No companies, corporate or multinationals offer themselves as first grounds for online MBAs. This makes it very difficult for the fresher MBAs to find their home ground to begin with. This is a major drawback.
Thus MBAupdates’ final verdict suggests students to try going in for a standard institutional MBA unless the matter of money and time are really impediments forcing them not to pursue studying an MBA at all. If that is the case then opt for an online MBA.

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