Education Does Not Only
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Top 10 skills that a B-School should develop in students to improve their employability
The global business landscape is constantly changing with new trends emerging daily. Companies are always looking for talented MBA professionals who have the knowledge and skills to meet today’s market demands. Demand for MBA professionals has grown like never before, especially in the post-pandemic era, when significant sectors of the global economy are recovering from massive losses. With demand, the employers’ expectations have also grown.
Employers these days look for MBA or PGDM graduates who can stand out from the competition and provide them with an advantage over their competitors. But what exactly are these abilities? How do you go about getting them and increasing your employability? What are those outstanding abilities that major firms look for in MBA or PGDM graduates based on their specialization?
Following are the top 10 skills that every MBA or PGDM student must develop:
Leading commercial firms want MBA graduates with exceptional leadership qualities. Managers are the driving forces behind any organization’s ability to manage a team and maintain seamless operations. They should learn to lead and accomplish their tasks effectively. Having this skill means that you have command of your team and that you can guide each member of your team forward, resulting in mutual growth.
#2 Entrepreneurial Mindset
Knowledge of the market, developing prospects, detecting potential hazards, understanding market potential, the ability to take risks, an inventive and creative approach, and technical understanding are all examples of a strong entrepreneurial mindset. These abilities help MBA graduates perform better at work and prepare them to start their businesses.
#3 Time Management
Project and time management is another crucial competency that companies desire. Time management is critical to the success of any business. Furthermore, strong project management abilities are required to ensure that all corporate processes run smoothly. MBA graduates with both of these talents can maximize their potential and attract several job prospects.
#4 Team Spirit
One of the most sought-after qualities by companies these days is the ability to operate in teams. To run a business, a group of specialists must get together. However, for businesses to function effectively, these experts must be able to cooperate and work in teams. Daily, MBA graduates must interact with a wide range of professionals. And the ability to fit in within the team and contribute well can be a significant selling point.
#5 Technical skills
Technological advancements have led to several transformations in the corporate world. As a result, employers today want MBA graduates with basic technical skills. Although advanced technical knowledge is not required, having skills in sectors like data analysis, analytical tools, project management tools, programming languages, presentation, and design tools, technical writing, and so on can significantly improve the candidates’ profiles.
#6 Analytical bent of Mind
Being analytical is a great skill to develop in and out of the workplace for MBA students. A certain level of technical expertise is essential for the students to develop business strategies. A business manager irrespective of her/his domain will be presented with huge chunks of data almost on a daily basis. And obtaining this data is insufficient if the necessary analysis of the data cannot be presented in a clear and crisp manner using analytical skills. As a result, MBA students need to develop an analytical bent of mind.
#7 Integrity and Ethics
Another essential soft skill or trait that every MBA student needs to develop is integrity and ethics. Integrity and ethics go a long way in shaping a manager’s personality. Integrity generates trust among employees and coworkers (both senior and junior) and establishes the authority of a manager in any organization. Ethics also plays a vital role, and leadership and ethics are related to each other in the business world.
#8 Accountability and Ownership
While leaders always credit their teams for success, failures are equally a leader’s responsibility. Praising in public and criticizing in private are all part of ownership. When it comes to team spirit, most questions focus on the experience and the lessons learned. Every business manager must understand the importance of being accountable for the tasks at hand and taking ownership of the results irrespective of its result.
#9 Decision-making Abilities
MBA students must be always ready to make critical decisions to benefit their teams and companies. The problem-solving skills develop with time, and regular interactions with different area experts provide a hands-on approach to decision-making abilities in various scenarios.
#10 Emotional Intelligence
The ability to process emotions, control responses, and make sound decisions sums up emotional intelligence. Understanding and managing emotions – not just your own but also the emotions of others – can improve chances of success at work.
In the fast-paced corporate world where the competition has become much more evident, companies always look to hire the right talent from B-Schools. The new definition of such talent involves the necessary soft and hard skills that can make such MBA graduates stand out from the crowd. PIBM is one such top PGDM & MBA college in India, where the academics team and mentors give special attention to each and every student in ensuring that they evolve themselves not just as a future manager but also as complete business leaders.