MBA, is considered to be a gateway for jobs across multiple business functions and in some cases, for the creation of innovative entrepreneurship ideas.
While many colleges are offering MBA programmes today, questions are being asked about the kind of jobs that would be available after doing such a course, especially given that the funding winter has impacted startups and the broader macroeconomic conditions are looking dull.
Part of the question stems from the curriculum. Does the MBA curriculum arm students with the right skills for today’s work conditions? There have been innovations in this course.
The Indian School of Business, for example, has an executive MBA programme that one can pursue while continuing to work. Then there are the new-age MBA schools that are redesigning the curriculum from a work-readiness context.
Pratham Mittal, the founder and CEO of one such new-age MBA school, Masters’ Union, says their curriculum focuses on a blend of experiential learning, practical projects and real-world problem-solving.
“A standout feature is our unique emphasis on students actually building businesses, some of which even receive funding right on campus. Moreover, our students benefit from direct engagement with CXOs and practitioners.
This innovative approach equips our graduates with the agility and innovation needed to excel in today's rapidly evolving business landscape.”
What about the kind of roles MBA graduates can get? Consulting, marketing, consumer-facing and IT-company roles are usually the top picks of management students. In some of the global and Indian firms in these segments, there is a structured career pathway for people joining from college as management associates.