Wednesday, June 17, 2009

Skills Needed in MBA Program

An MBA program will hone your business skills, but will also require some existing skills from you. These skills will be both used and enhanced during your MBA study. You will need these skills not only during the entire course of your MBA program, but also in preparation for your future business ventures.

Math and logic
Business means that you will be dealing with money or more numbers. To deal with spreadsheets and other financial documents, you need to have good mathematical skills. You will also be dealing with more advanced mathematical functions, especially in subjects such as economics and actuarial science. If you are already interested in mathematics as a whole, you will have an advantage in some of your subjects.

Data analysis
It is important to do well in business analysis. If you can examine data carefully and create solutions for case studies, you will do well in the field of business. When filling in your spreadsheets, you shouldn’t focus on the mathematical side alone, but will also have to relate these numbers to business probabilities.Oral and verbal communication
You will need to write business proposals and pitch your products to make a sale. This means that you will also need excellent written and verbal communication skills. How can you use numbers and plans if you cannot put them into words?
Emotional quotient
Even if you are the smartest MBA student, you will not fare well in the real world without a high emotional quotient. You don’t only need to communicate, but also hat to connect with people. You need to know how to work with a team and further develop your leadership skills. For your business to do well, you need to expand your social network. This growing network may benefit your business in the future.

3 comments:

ILLUSIONS said...

yea i guess, this pretty much covers everything that one needs..
It requires a self-assessment to determine at what competency one is before entering the college.. or else some harsh facts would creep up..

spj said...

Good effort bharat...thr blog is getting dried...rejuvenate it with your cracking thoughts....all the best

Unknown said...

Nice Thought -