Is your PGDM or MBA making you future ready?
MBA, TOP PGDM PROGRAM
The Changing Global Workplace
Our world is constantly changing and growing. While the COVID situation temporarily affected how business was conducted across the world, as the economies and markets recover from the COVID slump, we are seeing the development of an even more global economy. Though there has been some impetus towards protectionism and producing locally, the importance of more robust global networks have become more evident due to the crisis that affected the entire world. More concerning for fresh management graduates, is the constant changes in the global market making skills and knowledge outdated in months instead of years. Is the PGDM or MBA programme you are joining in 2023 preparing you for the 2025 job market?
Essential Skills for Managers
Management graduates are expected to be equipped to become a part of the global workplace. They need to adapt to the complex global network of economies and markets. Communicating and articulating effectively, especially in English, is a very important core competency for management students with aspirations to thrive is today’s workspace. Being able to adapt to the different cultures and traditions of stakeholders from across the world has become essential for thriving in today’s employment space.
Additionally, data literacy is increasingly considered a basic prerequisite for employment by the best companies in the world. In a data driven world, having the skills to interpret data and use data to make business decisions has become essential for managers. Artificial Intelligence and Machine Learning are being integrated into every aspect of business, be it Marketing, HR or Finance. Management students need to keep abreast of the latest developments and have the ability to adapt and thrive in tech intensive management roles.
However, this move towards integrating tech and data in management, should not distract us from the most important skill that a manager needs to develop: people skills. A manager is a leader. Their essential skill is in bringing people together to achieve organisational goals. While learning how to adapt to contemporary tools is the mark of a good manager, great managers effectively utilise core management skills as well.
Best PGDM and MBA Courses
Several studies have commented on the fact that our graduates are not ready to join the workforce, especially because of a lack of tech skills and soft skills. Management colleges need to start addressing this gap and adapt accordingly to equip their students. It is up to us, to ensure the new generation of managers are future ready. The challenge we face here is that management students have to acquire their skills well into their adulthood and are focussed on simultaneously acquiring other essential competencies – both soft skills and expertise in their domain of interest.
The key take away here for aspiring management students is to look for B-Schools which place equal emphasis on skills development along with knowledge delivery. For instance, at ISB&M Bengaluru, one of the best B Schools in India, we provide a consistent and integrated learning path for students to gradually acquire these skills through the course of the programme. With an intensive focus on experience based teaching-learning methodologies, ISB&M students learn practical skills in their areas of interest. This is supplemented with specific courses aimed at Data and Tech integration and acquiring Professional Skills for Business.
So do your research and find the management programme that best suits your needs and makes your career future ready.
