An MBA or Masters in Business Administration is one of the most demanding degrees around the globe. People from all over the world and from different domains want to do an MBA to improve their careers.  Most of the reputed organizations are 50% more likely to hire an MBA than other candidates. There has been a prediction of 20% growth in the overall MBA job market in 2030. But what makes MBA so special and different from other courses? Well, the skills a person learns during an MBA make that person worth more than normal graduates. Industries welcome people who have relevant skills, so there are ample opportunities for MBA graduates. Let’s find out the top skills that an MBA degree will teach you –  

Best Skills that an MBA Degree Will Teach You

Communication –  

No matter how talented you are or how hard work you do, if you communicate properly, things will not be challenging for you. Most of the time, people need clarification on their communication skills when talking with other people. Communication is more than just talking; you have to know how to convey the message, present your thoughts, and welcome others’ thoughts. MBA teaches you what to say, when to say it, how to say it, how much to say, and most importantly, how to listen. 

Project Management – 

Many projects are going on in an organization at a time. Something related to marketing, something to development, something to operations, and so on. Handling these tasks efficiently is vital, as 90% of projects fail due to a lack of management. A project manager is solely responsible for all the things going on in a project that defines its success. During the MBA degree, the institute asks students to prepare a capstone project with a team or alone. This develops project management skills in MBA graduates. This helps in real-world corporate projects as they are already aware of the threats and challenges.

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Leadership – 

Well, there is nothing wrong in saying that all the companies out there are hiring for future leaders, not employees. As Harry Gordon Selfridge said, “The boss says ‘Go’; the leader says ‘Let’s go!’. A leader creates the team and pushes them to do what they know the best. Companies understand that an employee under a leader is 5x better than under a boss. In an MBA, many projects, functions, presentations, and Group discussions nurture leadership abilities. It helps students find the leadership style that is best suited for them. 

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Entrepreneurship 

Entrepreneurship is a skill that you can learn only by doing it. As entrepreneurs, you have to find solutions and think out of the box. We are in the time of young entrepreneurs, and we are seeing more and more startup companies in India. As per the Department of Promotion of Industry and Internal Trade(DPIIT), there are 140,803 recognized startups in India. For the last few years, entrepreneurship has been an integral part of MBA courses. Whether it’s setting up a stall in the market or functions, raising funds, or presenting their ideas on big platforms, colleges like Taxila Business School provide this opportunity to their students.

Interpersonal skills and Emotional Intelligence 

In an organization, many people from different places work together and have their opinions. Managers have to tackle all the people and manage them to work in synergy.  Interpersonal skills help a person communicate with others in the style they want to convey. MBA also teaches a person about emotional intelligence, which is a must for better interpersonal skills. 

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Critical Thinking 

Companies look for the people who can think and provide the solutions. For people who are finding excuses instead of solutions, management is not their cup of tea. MBA makes you feel in a positive direction, in which you think only about the solutions. Almost all MBA courses give students a lot of opportunities to nurture their problem-solving skills.  

Understanding of the Business World

It seems easy to understand the business, but the more you dig in, the more complexity you will find. Supply and demand, Operations, Marketing, Sales, Manufacturing, and Finance are many things a business needs to take care of. The MBA course at Taxila Business School will help you know all the dynamics of business in greater detail. The more you know about business, the better you will perform.

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Creative and Strategic Mindset

Companies kept adapting the new strategies to capture the new market or regain their position in the current market. For crafting a new plan or changing the current one, a strategic mindset and creative thinking are a must. Business Schools provide various situations where students have to utilize their creative and stratified mindset for the solutions. They have to solve the tough case studies for the development of their strategic mindset. 

Domain Specific Skills 

Avobe mentioned that skills are generic and are offered by all the MBA programs. Note that only programs, not colleges, as only Top business schools of India, such as Taxila Business School, IIMs, and FMS, work on these skills. Apart from that, there are some skills that you will learn depending on your specialization. Such as business analytics, Marketing, Finance, Operations, Supply chain management, International Marketing, Human Resources, and so on. These are all industry-required skills, and an MBA will teach you these, which results in high-paying jobs for MBA graduates. Taxila Business School offers a triple specialization with PGDM, which helps students gain more skills and have multiple career options.

Team Building 

No matter what path you choose in your career, whether you want to become a manager or start a startup, the most important thing is having a good team. A lone warrior can earn respect but cannot win the war, and to scale the business, you need a team that is skilled, motivated, and result-oriented.  Many businesses fail due to poor team members, so team building is an essential part of any organization. In the MBA curriculum, there are many projects, tasks, case studies, and presentations that students need to do in a team. These exercises help students complement each other’s skills and learn how to work in a team.

How do MBA skills help you in your career?

• First of all, an MBA is a degree that teaches you the skills required by the industries.  MBA makes a student job-ready, and that is also true at the management level.
• It teaches you how to communicate your message with others.  
• MBA builds the mindset of creating solutions instead of waiting for solutions. It develops critical thinking and business perspective. 
• It helps you optimize the utilization of resources and determine the feasibility of any solution we are going to implement.
• MBA graduates earn 25% more than any other graduates globally, and the demand for them is increasing every year.