90% of all the management students that I met claimed that they are doing a management course because they felt, a management degree can improve their career, no one said “i am joining, so as to learn business”
MBA has a word administration, which I feel neither students nor management institute gives much importance to.
The system of management education needs to be changed in our country.
I feel this is completely wrong approach to management education in our country; they develop manager donkeys.
My professor during my management programme use to quote “none of you donkeys will need to wear a suit, as the only thing that you would be doing is taking your bosses lap top and going where he asks you to go”
Our marketing classes do not give importance to number crunching, where as, numbers are the most important facts as far as marketing is concerned. Facts, figures, percentage, profit margin, debt equity ratio, net ROI, weights, graphs, compare evaluation, actual sales, etc. How many of you in marketing have actually thought you need to be through with these skills, and believe me that’s the reason why MBA in marketing is considered more on to a glorified sales man job, you cannot become a good marketer unless you can crack the number game.
Most students join marketing thinking that it’s the easiest to clear exams, however, this not true if you are in IIM and similar.
Similarly with HR, most of them think HR is a feminine subject in MBA and leaving few women who are extremely successful with HR, most of them are doing HR jobs to send birthday reminders to colleagues of their firm.
HR involves performance evaluation, number game, legalities, labor laws, crisis management, corporate communications, negotiation and strategy. HR form the most important function of management, however, in most management institutes HR is neither given nor getting the value that it should be getting, as a business man what I found is that HR, is the most important function of business and well as management, the game is all about managing your resources, the most important among them being human resource.
I being a business man have understood the importance and value of HR. and sad no one is actually very keen to take up HR as a serious career.
Finance, operations and others can actually be done by computers; it’s the marketing skills of yours that can come to help to have a great career in finance.
Do keep a track of all your alumni and what they do, it’s very important to shape your career.
Catch my next article on business networking.