What are the new waves that are going to shape business education and MBA admission 2020? Will the MBA
survive the test of time? Will students show an inclination to study abroad?
Will most of the schools finally pay more importance to the impact of big data
and artificial intelligence?
An MBA degree is not just an education landmark on a prospect's
resume. It holds the power to redefine the individual if done the right way.
Which is the better specialization in MBA for a student with a background of B.
Tech in Computer Science and Engineering (CSE)? It depends on his /her aptitude
and attitude. If he/ she has an aptitude towards sales/ marketing, then an MBA
in Marketing is the right choice to climb the ladders in corporate world. It is
too difficult for a B. Tech in CSE to perform well in Finance unless and until
he/she has a real aptitude towards Finance. Certain B.Tech colleges in Delhi
NCR are conducting value added courses in Finance to learn the basics in
Finance to focus their career in Finance even after their B. Tech programs. MBA
in Business Analytics is the better option for a B. Tech in CSE.
Last year, it was predicted that more specialized MBAs would emerge in
the Asia Pacific Belt, that the UK would benefit from Brexit, and that the US
would continue to see a decline in applications.
Let's take a look at some of these growing trends and career options
that will set the direction in which business education will be moving in 2020.
1. Globally, the
impact of technologies such as digitalization, IoT, big data, and artificial
intelligence will continue to create value for their customers. Any graduate with a core-industry knowledge
of those technological trends will be benefited a great deal.
2. There will be a
continuing shift in international student mobility. The preferred destinations
of students, especially from outside the US, are shifting quickly and
dramatically. This can have an impact on MBA programs.
3. Data is the latest
game-changer. However, only a handful have an adequate understanding of that
data. As a Business Data Analyst, you will own this data and will be
influencing critical decisions.
4. Program Manager is
a perfect alternative delegation to the Strategy Consultant role, the
difference being that here you are the architect that magnifies the blueprint.
Your job is to interpret the program’s strategy, its objectives, and
execute all the connected projects to meet the long-term business goals while
keeping a tab on the ROI.
5. HR Business
Partners are among the most vital roles in a company.
No company can scale without a Human Resource manager, and flexibility
is what is critical nowadays in a company to ensure it remains flexible,
adaptable, and customer-centric. Flexibility is a cultural shift in an
organization, and HR is best suited to uphold it by partnering with the
business directly.
Human Resource Managers are not just about planning and directing
recruitment strategies. They are
paramount to creating policies and structures that promote a culture of sharing
and collaboration besides developing strategies for critical elements like:
● Structuring the
company into small and high-performance teams that set their targets
● Creating transparent
systems for better clarity and impact. Clarity on the goals, the people heading
a project, the consultants and coaches that can help meeting these goals.
● Establishing a solid
external employer brand that attracts the right type of people and helps to get
clients.
All the above four roles drive the growth of the company on every
level - new markets, new customers, new products, new services, etc.
In the coming decade, there will be several opportunities that may not
exist today. As a professional, be flexible to unlearn and keen to learn new
skills every year to stay prepared to take on these challenges at every step of
the way.
The best Management Colleges inDelhi NCR are the best placement
colleges too and more than placements they will ensure that the students
have the right employability skills to face the challenges in corporate world.