Why MBA -2

Not all courses are same. They always differ in terms of content, methods, duration and elective subjects. The basic degree is general management degree/diploma where all students are supposed to study few core subjects in the first year. In the second year, students get a menu of electives for the purpose of their specialization. It can be, marketing, finance, human resource management, system, operations etc. new age business schools and few reputed ones have also started to provide specialization in new subjects like banking, entrepreneurship and financial services etc. Thus, an MBA course from a good business school prepares the students in such a way that they can face those challenging conditions bravely.

On one hand an MBA course prepares candidates for future challenges and on the other, it should also be kept in mind that, the course won’t suffice for a lifelong professional career. The reason being constant technological change and new knowledge requirements.

To quote “US Department of Labor, technological change and new knowledge requirements have cut the 'half-life of skills' (the amount of time it takes one to lose half the value of his skills) from between seven and fourteen years in the late 1960s to between five and seven years by the late 1980s”. To think of it, this analysis is only about late 80s! What would have happened if we try to analyze that shrinking ratio till 2007? But natural, it will have shrunk even further.