Why Pursue an MBA? Top 10 Reasons to Do MBA

As the pace of change continues to accelerate at dizzying speed, we can take solace in the fact that the Masters in Business Administration (MBA) degree is still a constant worth embracing. It was the last century that gave us the fruits of the computer age, and it's fairly apparent that the Internet will do much to shape the course of this one. What is equally true is that for the first time, the world economy is truly global, where what happens in one part of the world is not only known almost simultaneously to the occurrence of the event, but the impact can be felt as well. Customers and competitors are no longer relegated to the geography that surrounds them. In fact, many businesses no longer have a traditional brick and mortar operation. Within this complex setting, the modern manager must still do what managers in every era have had to do - succeed. For many, the MBA continues to be the cornerstone for such success.

What benefits do you hope to gain after your MBA?

An increase in salary and earnings potential Development of skills in specific fields such as finance, marketing, strategy in order to have

access to certain positions and certain companies such as McKinsey, BCG, Goldman Sachs Access to a network of alumni Greater opportunities to work in a country or geographical region of your choice Development of the skills needed to set up your own company Increased recognition based on the reputation of the school

Let's start with the obvious. Those with MBAs make more money. At least, they make more money in the beginning. In nearly every sector of the globe, the prospect of making more money and living a better economic life draws thousands of students to MBA programs. In an age where the modern employee is very transitory, often changing jobs every three to five years, today's employers, instead of investing in expensive in-house training for employees who may not stay, have also turned to the ranks of MBA programs to find the best talent available. While such demand has made the business of education quite profitable, it has also changed the nature of the MBA educational experience.In order to keep pace, MBA programs have supplemented a core of business courses, with a growing number of electives, concentrations and areas in which the MBA student can specialize. In like fashion, MBA programs have worked vigorously to make certain that the make-up of their student bodies are as diverse as the global economy in which the MBA graduate must work. Finally, MBA programs have done much to make certain that the case studies that comprise a great portion of the classroom pedagogical experience reflects what is happening in the marketplace. These qualities make the MBA one of the best investments a person can make.

Because the MBA acts like a magnet attracting talented people from every sector of society, it should come as no surprise that the MBA educational experience provides each MBA student with a tremendous opportunity to network. Such networking is not limited to fellow students, but includes internship opportunities, drawing upon a highly qualified faculty, and connecting to the school's vast alumni ranks. These qualities make the fabric of the MBA experience a good and comfortable fit for almost anyone.

It is reassuring to know that MBA programs come in all shapes and sizes. There is no "one size fits all." MBA programs are not only as diverse as automobiles, but they can be experienced in more ways than one might imagine. From the traditional format of taking two years off from what you are doing to the modern format of doing your MBA at night, on weekends or over the Internet, there is no obstacle that can truly prevent you from pursuing an MBA. Even financing your MBA is no longer the barrier it once was. Many MBA programs are quite affordable, and those that are not often have generous scholarship and easy payment plans. These qualities underscore that there has never been a better window of opportunity to pursue your MBA.

Mighty forces have converged, and the stars have aligned in your favor. You are living in the best time, at the right moment, and you are reading the right publication to introduce you to the world of business education. Your MBA awaits you.

Disclaimer: Of course, ten is not a magic number and there are more reasons. You are welcome to add your own. Thanks.

Here are ten reasons to pursue an MBA (from a good school that is..)

1. Network – Your MBA network is for lifetime if you know how to leverage it.2. Learning in a disciplined fashion – Without an MBA, you are learning from the school of hard knocks. There is a chance that you will pay a higher price for some lessons in the school of hard knocks3. Awareness – Chances are you don’t know everything and chances are you will never know everything in this lifetime. However, there are some things that you need to know that you don’t know that you need to know. An MBA will increase your awareness on these things.4. To get an advantage at the start: With an MBA, you enter the work world in the fast lane. Of course, you can’t stay on the fast lane just because you have an MBA. You need to produce highly valued accomplishments for your employer or customers or both.5. Course correction: For some reason you picked the wrong subject for your graduate degree and you don’t want to have a career in that field. You want to change course mid-way. An MBA may provide a bridge from where you are to the field of your choice.6. Status: MBA from a good university looks great on your resume.7. Entry Ticket to many organizations: There are many organizations (especially in the management consulting world) whose doors are open almost exclusively for MBA grads from top universities. If joining them is one of your dreams, you may be better off doing an MBA.8. Tune-up your purpose: You may have an idea of what you want to do in life. When you meet a set of highly-ambitious people and hear them share their vision and purpose of their lives, it may trigger you to “upgrade” your own vision and purpose of your life.9. Safe Laboratory: It provides a safe and almost risk free laboratory for bouncing off your ideas, testing them and10. Access to thought leaders: You have chance to meet thought leaders, corporate executives and visionaries who come and speak (mostly for free). If you connect with them and build on that relationship, you have an unfair competitive advantage.

You have to weigh the price you pay while pursuing an MBA (time, cost, energy and lost opportunities during that time) to get the above benefits and determine whether an MBA is for you. Now, for some reason, you can’t earn an MBA, you don’t have to panic. Please read my eBook on some thoughts about getting ahead without an MBA. Here is the link:

eBook: “When You Can’t Earn An MBA: Thoughts On Getting Ahead Without An MBA“(pdf, free)Have a great holiday weekend.

PS: Scroll down to the bottom of this page to see links to my other eBooks on “Personal Branding” and “Lasting Relationships”.

20 reasons to do an MBA.Posted March 28, 2011

Filed under: Uncategorized | Tags: CAT, chicks, Further

Education, GMAT, IIT,Investment Banking, Managers, MBA, PPT, Reasons to do an

MBA, Salary |

Are you a frustrated nine to __________ worker who’s always felt the need for further

education? Who deserved more? Who clearly knows much more than the new bloke

who just joined in, yet earns thrice what you do? Or a soon to be graduate? An MBA

is your answer because:

Firstly, and most obviously, the salary jump. Nowhere else will you get a salary

jump disproportionate to its true value. I mean if two years of chilling, a few

projects with ‘real companies’, some supposedly enriching summer internship,

and a lot of late nights can hike your current salary by 4 times, its well worth it.

To borrow a thought, If you are going to get fucked at work anyway, might as

well get paid bloody well for it!

It will get you an entry in Investment Banking, or Capital Advisory.  So what if

you understand nothing about it. No one who joined it really did, or had much

interest for it.  It just happened to be the place where the money was.

The extra salary will come in handy for a hell of a lot of things. Especially the

number of loans you’ll pick up immediately after college, or have already

picked up.

Not only that, it will help you fund the increase in alcohol consumption cost to

cope with the non-sense you’ll still have to bear at work.

It will give you two more years to chill, be yourself, do your things, get drunk,

get fuckin smashed, not worry about performance appraisals or client briefings.

Of your batchmates who did it!

o The barely average ones, who you thought you would be able to outpace

on any reasonable day with your eyes closed, managed to do an MBA while

you DID have your eyes closed. And now give gyaan on how a Masters is a

must!

o The intelligent ones, who did it, and are now in a position of envy, simply

because they took a plunge that you still haven’t taken.

All the frustrating, incompetent managers you have had, who knew zilch, as

well as that new bloke who joined in last month, knew squat, yet earned in 7

digits had one thing in common – They were MBAs.

You’re an IIT’ian (IIM ABC aapke liye hi banaa tha). Or an engineer whose had

enough of engineering (Koi na koi A-list B-School le lega boss), or a CA who

believes that just accountancy is not enough, you need managerial skills (Haha)

It will shut your family up. Most of them really don’t care. They are just looking

for a conversation starter – What are you doing nowadays… What are your

future plans… Are you not going to study further? Yet once known you have no

MBA plans, it’ll be brought up everytime, and you shall be counseled on the

importance of Post Graduation. MBA, and how everybody is doing it.

Or probably you’re being pressurized for marriage and want to offset it by a

couple of years.

Both of which make you want to get away from home, and you really can’t

have a better excuse than wanting to do further studies. Better still, you can do

a foreign Masters and get ‘international exposure’.

It is probably the last chance you’ll have to interact on a regular basis with

people you share common interests with, and not common competitive goals.

It is also most likely to be the last place you’ll have a pool of single

women/men. And a lot of time to ‘get to know them better’.

And in case, you don’t get lucky on campus, you can make use of Instant

recognition: From ‘that lukha’, you suddenly become the dude who’s in IIM B,

and that’s how you’ll be referred to behind your back, called, leg pulled about,

and pointed out by random strangers from across a crowded room. And hey,

it’s bloody cool, and don’t deny – you love it!

Consequently, it will add depth to your opinions. What was earlier utter non-

sense will suddenly be considered valuable insight, and unwanted suggestions

will become considerable inputs.

How to make PPT presentations in 10 minutes is not something anyone will

teach you at work.

Nor will you learn how to present them as a product of great thought and

weeks of effort anywhere else.

It shall equip you with skill sets that make deadlines irrelevant, since they’d

have passed probably long before you even get to work on that damned

project. It will add exceptional value to your ability to do nothing, and yet look

busy at it.

3 months of CAT/GMAT studies really is a positively better option in front of

unending months of office related embarrassment.

Lastly, you have been positively inspired by Five Point Someone, or Anything

for you Ma’m or seen 3 Idiots, and its too late to get into Engineering, but you

want to work hard to be ‘kaabil, and not kaamyaab’.

[Issued in public interest. This article is written by a Non MBA who currently shows

no signs of crossing the bridge, for he is unable to find a reason convincing enough

to do so.]

 reasons you should not do an MBA

Last time we tried to answer a

few thoughts pertaining to the question, “Is an MBA worth it for me?” This

is part two of this sequence where I would like to highlight 7 situations

where one should not consider MBA as an option.

Though one is free to do MBA with multiple reasons it makes more sense

to stop thinking about the MBA alternative if the reason for your MBA is

only one of the below seven. As usual applying common sense in career

decisions is highly recommended!

Never do an MBA when…1. When you can’t afford it – Yes that’s true! There are a good number

of idiots still struggling to payback the loan installments they availed.

They can’t make out what to do with their ‘so called’ knowledge. Don’t

make that mistake. Analyze whether you really can afford an MBA and

the post MBA life. Is it a career need or more of an infatuation of being

an MBA? This answer is your first step to identify whether an MBA is

really worth it for you. In case if you are not clear about such basic

question an MBA degree is ought to go futile.

2. When you are looking forward to startup your own venture

– This might take you aback, but as per me and the experience that I

have got, an MBA is not the right course for learning how to startup.

MBA serves as a one course fits all when it comes to understanding

business. Much of the content in an MBA is irrelevant to you if your sole

motto is to start your own venture (and it is the first time). Also the

much required startup content is not part of an MBA course. I believe

even universities have understood this and there are specific startup

courses coming up, you can probably look forward to them.

3. When you want to switch industries -  This is a valid reason to do

an MBA but I believe it is more relevant to people who have had

enough expertise or work experience in a specific field. I meet people

who have just started working in their companies and only because

they don’t like the work out there, they want to switch every thing.

They have neither tried other employers nor explored the current

industry. As per my understanding this is more of a personal issue

rather than a career issue.

4. When you are not kickass – OK, now I am getting on your nerves!

Before doing an MBA you need to take an honest feedback from fellow

colleagues. Are you really active, smart and worth an MBA. We meet

many executives struggling to climb the corporate ladder and all we

can conclude is that, “Yes he is an MBA but he is not an MBA material.”

You need to understand whether you have groomed yourself, whether

you have utilized the current knowledge that you have. Are you ready

for an MBA? Are you an MBA material ?

5. When you are following the herd – If your decision is backed by

your environment? Than there is an issue here! The environment will

change, career trends might shift and everything else will change but

the bank that paid your fees will not change. Never ever try to take a

career decision based on what others are doing. There’s never a one

size fits all scenario.

6. When you want to become a manager – Most people think

managers are the ones who have immense pleasure being a boss and

they enjoy utmost comfort since they just need to direct people. They

believe every manager is ineffective. I have personally managed teams

and I know for sure that nothing can go wrong than this. The suit-clad

director has much more pressure than you can even imagine. Doing an

MBA to earn a managers post is the worst way of being one. Earn a

degree, not a designation.

7. When you want to earn more – Last but not the least people try to

do an MBA to earn more. Earn more money, reputation, leisure etc.

They believe slogging 2 years of their life studying an MBA (1 in case of

an executive MBA) will result in decades of happiness. That’s a dream

which will never come true. The jobs that you are targeting want the

maximum out of you. They are not to suck every hour from you but

they are there to challenge you to take up every responsibility and

deliver. Earning wealth and repute is just a by product.

With this we end up a quick list on scenarios where MBA is not a right

choice for you.

End of the day you need to research and research a lot. There is no direct

answer to your MBA questions as the questions are very subjective. They

pertain to you and no other. Doing an MBA is a challenging task, you need

to estimate whether you really need one and are capable of the same.

There will definitely be more luring universities than friends who can

advice right on whether to do an MBA; so thought this post will help you

further. Looking forward to your successful career.

4)     MBA (1 ½ YEAR/ 3-SEMESTER, 36 CREDIT HOURS)

 

The Faculty of Management offers a 1½ year program leading to an MBA degree. The program is designed for candidates having Bachelor of Business Administration (4-Year program) who want to enhance their professional business skills. The program provides opportunities to learn special business techniques required to excel in the challenging and rapidly changing world. The student can opt any one of the areas of specialization including ‘Banking’, ‘Finance’, ‘Human Resource Management’, ‘Information Technology’, ‘Management’, and ‘Marketing’.

 

ADMISSION ELIGIBILITY CRITERIA

 

Candidates holding 4-year Bachelor of Science in Business Administration with at least CGPA 2.25 out of 4.00/ 2nd Division (at least 45 % marks) are eligible to apply.

(Note:  Candidates  having  specialization   in   their  4-year  Bachelor  of  Business  Administration  are  not allowed to select the same area of specialization as mentioned under Areas of Specialization).

 

ASSESSMENT OF STUDY PROGRESS:

 

The students’ study progress evaluation mechanism is based on continuous assessment throughout semester by giving assignments, on-line quizzes, Graded Moderated Discussion Boards (GMDBs), mid-term and final-term exams. The mid-term and final-term exams are conducted at VU’s designated exam centers and usually count 80 to 85% of the total marks of a course.

AWARD OF DEGREE

 

To be eligible for the award of Master of Business Administration (1½ year), the candidates are required to complete course work program by attending minimum three semesters, at least 36 credit hours with a minimum Cumulative Grade Point Average of 2.30 out of 4.

SCHEME OF STUDY:

 

The courses may be revised from time to time as a result of continuous review to bring them at par with courses   being   taught   at   top-class   foreign   universities.  While   reviewing   the   courses   needs  of   local 

industry   and   job  market   are   also   given   full   consideration   courses.   The   candidates  are   required   to complete the following courses.

 

Click here   to View Study Scheme of   Master of Business Administration

MBA - Ever Green Degree

MBA is one of the most liked degree in Pakistan. Not only the students after completing 16

years of education in any discipline but also the professionals like engineers, computer

science graduates, and doctors (MBBS) opt to enter into the field of business education. The

number of MBAs is increasing day by day as almost every university in any field of study

offers one or more courses in business education. Every year, a large number business

graduate advent into the job market.

Increasing Number of JobsEven though the existing number of MBAs is very large, the job availability for business

graduates in job market is far better than that of other fields of study. Every business

concern national or multinational expanding its operational horizon. Banks, telecom

companies, automobile manufacturers, food item manufacturers, home and office appliance

sellers, cosmetics producers and NGOs are penetrating across the country by introducing

their business offices in big and small cities. This situation has created an accelerated

demand of business graduates. 

It is true that the facilities and the Remuneration is decreasing but still it is better than that

of other jobs. If we focus on career growth business graduates enjoy above average

position. 

Moreover; aid from International donors for the development projects will also make the job

in this field more lucrative by creating jobs for the business graduates as accountants,

managers, field officers, etc. In addition, world's largest bank in terms of value, Industrial

and Commercial Bank of China Limited (ICBC), is about to enter in Pakistan. This investment

will surely help economic conditions to recover and create jobs for the business graduates.

Impact of Worldwide RecessionIn 2008, worldwide recession had deteriorated the economic conditions of the big economies – USA, UK, UAE, etc. and developing economies – Pakistan, India, Bangladesh, Brazil, etc. too. However; big economies recovered from this slump but developing countries like

Pakistan, Bangladesh and others too are paying price in terms of high inflation, unemployment, poverty, etc. In Pakistan, in reaction to declined businesses the companies expanded their reach by opening new business points in even smaller cities across the country. The job opportunities for MBAs did not shrink as much as it was for the other fields.

Why should I do MBAGraduating from some reputed business school is the dream of every professional degree seeker in Pakistan, no matter where he/she comes from - Engineering, medicine, arts, humanities, etc. Is it worthwhile to be a business graduate in today's economical conditions of world generally and Pakistan specifically? Keeping in mind the comparison with other opportunities available to you, the answer is very obviously "Yes" Be very particular to yourself and the opportunities available to you in Pakistan. In which field of study you are and what is you career path? If you are a doctor or an engineer your specific opportunities are quite different than those of the person in arts, humanities or natural sciences. Other main consideration is career growth. Career growth in business management is far better than other fields growth. MBAs receive better Remuneration and early promotions. As the corporate business grows, the chances of being promoted are always there.

Job Hunting PeriodJob hunting period vary considerably from person to person. Every person has his/her own set of circumstances and abilities which determines early or late job finding success. If you gets late in finding a job, dont be disappointed. The job hunting period for MBAs is almost one year on an average. Even in advanced and developed countries like USA and UK, a business graduate cannot find compliant job in one year. You are in a developing country, you should consider yourself fortunate enough if you find a job in 10 months after graduation. 

MBA is Ever Green DegreeYou should try for MBA degree from a reputed business school. It is more rewarding than

many other degrees.

Best of Luck.

Finding the right MBA

Taking an MBA is likely to be one of the biggest investments of time and money that

you ever make 

The programme fee alone at the Wharton School at the University of Pennsylvania—

one of the world's highest-profile business schools—is currently $107,922 over two

years. And there is more than just the fee to consider. If you decide on a full-time

programme in Europe you will typically be out of the workplace for at least a year.

Opt for a school in North America and this could stretch to two years. Students at

Wharton forgo an average basic salary of $76,193 a year while attending lectures.

Making the correct choice of school and programme is thus on a par with selecting

the right house, perhaps even spouse.

Indeed, to be successful professionally it is not even given that you need an MBA at

all, as many executives and entrepreneurs will testify (see article). Although

demand for the qualification has reached unprecedented levels in countries such as

India, mostly satisfied by the hundreds of local business schools that now crowd the

market, current uncertainty in the job market and an entrepreneurial preference to

just roll up your sleeves leaves many in the Western world uncertain. 

Schools in The Economist's ranking of MBA programmes insist that they can help

boost students' career opportunities and open new areas of expertise and mobility.

Indeed, surely the degree is worth pursuing only if it brings with it a sufficient level

of professional advancement and personal development. But can an MBA still be

considered a gateway to the top table? Do programmes really produce confident,

self-aware graduates who can build exciting careers? What is more, if, as is often

claimed, what is taught varies little between schools—if an MBA has become

nothing more than a commodity—does it matter where you end up? 

The answer is yes: it still matters. The market is tougher, the degree is under

scrutiny, but for many professions, getting an MBA from the right school is a way of

landing a better job and of accelerating a

career. 

Getting a degree from the wrong school, however, is not. Finding the right school is

not just about looking at rankings, or choosing one considered as “prestigious”. The

key to making the right choice is understanding why you want to take an MBA, and

what you expect it to do for you. So let's look at some of the key reasons for going

to business school and what direction each might point you in: 

“I want to change career direction” 

The great majority of MBA graduates, and certainly the bulk of the most successful

ones, use the qualification to build on skills and experience they already have.

“Very few employers will recruit you to do something you have never done before,

simply because you have three new letters after your name”, says Graeme Read of

Antal, an executive-recruitment firm. If you are really set on a complete change of

direction you will need to aim for one of the very top schools, where organisations

are often buying future potential rather than current abilities. However, remember

that wherever you study, an MBA will always be just part of a process, not a

guaranteed ticket to the boardroom table. 

“I want to set up my own business” 

No serious business school will tell you that they can create entrepreneurs out of

thin air. But what they can do is develop any entrepreneurial skills that you already

have. The schools with the best records in this area tend to have a faculty which

combines traditional academics with those from the “coal face” who have

developed their own successful businesses. It's also worth looking for a school

which draws students from a wide range of cultures and nationalities. As Patrice

Houdayer, dean of EMLYON in France, puts it: “Start-up businesses can go global

almost immediately these days, so it's essential to get first-hand knowledge of how

business is conducted in key markets around the globe.” 

“I want earn more money/get a better job/ be more mobile”

You'll be hard pressed to find an MBA graduate who actually lost money (or perhaps

more accurately, will admit to having lost money) on the business-school

experience. However, the days of eye-watering starting salaries and signing-on

bonuses are over, or at least on hiatus. The real value of the qualification often only

manifests itself over time, so look for a school that is going to help you develop the

skills and capabilities you will need in the long run, not just the day after the

graduation ceremony. A school's location also matters, so give some serious

thought to where you want to be based in the long term. Many schools have strong

regional ties with a particular industry or recruiter, but only a handful enjoy a global

reputation and influence. 

“I want to build a network of contacts” 

Many veteran MBA graduates will tell you that the most useful thing they got out of

business school was an address book. Consider what sort of network will benefit you

most. Many of the highly ranked schools have invested heavily in creating diverse

classes that will generate contacts around the globe. Great if you are planning an

international business career, less useful, however, if you are going to focus on the

public sector in your own country. 

“I want to develop international experience” 

An increasing number of students are opting to take their MBA abroad. But if you

decide to follow them, don't just be won over by such immediate attractions as a

good climate and pleasant surroundings. “The international opportunities that my

MBA offered were a huge draw, beyond the obvious attractions of studying in the

Bay Area,” says Alex Pitt, a British national whose global career has so far taken in

an MBA at Stanford in California, a management consultancy in New York and a

business-development company in Dubai. During his time at Stanford he also

helped to organise a study trip to India and Pakistan and complete an internship

with a media start-up in South Africa. You can check an MBA's international

credentials by looking at things such as the availability of international exchanges

or study trips, and the number of countries in which students get jobs when they

graduate. 

You might also consider which languages could be of use to you in the future.

Nearly all top-ranked programmes are taught in English, but simply living

somewhere like France, Germany or China for a year and interning with a local

company will leave you with a degree of fluency that could prove invaluable later

on. 

“I want to develop my knowledge and experience but I don't want to break

the bank” 

As we have seen, an MBA is expensive. But if you are willing to look beyond of the

obvious big names and consider one of the up-and-coming players, there are some

attractive deals available. A number of schools have kept fees relatively low.

Furthermore, in the wake of the credit crunch, schools are developing new financing

options for international applicants. While Harvard has drawn on credit unions, Duke

(Fuqua) has agreed to underwrite loans itself. In Europe, insead and Vlerick Leuven

have opted for a low-interest loan scheme based on a student's future earning

potential rather than their financial history, and gives them up to seven year after

graduation to clear their debt. Most schools will offer scholarships, sometimes

covering the entire cost of the programme, to the right students. 

Other considerations 

It might sound obvious, but a school's location should be a key evaluation, and not

just because you might want a job in a particular region. It is no surprise that the

business schools at Chicago, New York and London all have excellent reputations in

the field of finance. They are right next to the financial markets and can more easily

attract guest speakers from financial institutions, or offer a strong network for

summer internships and post-MBA careers. Schools on America's west coast can

similarly benefit from ties to Silicon Valley, while other regions offer a gateway to

areas of expertise, such as aerospace, luxury brand management or bio-tech. 

You might also evaluate a school based on specialisation. Beyond the generalist

nature of the MBA qualification, schools have carved reputations in certain areas

such as entrepreneurship, finance, marketing, nonprofit, real-estate, it management

or health care. The schools not only work hand in hand with the related industry,

but also have faculty who have developed an area of expertise. They might have an

incubator to attract venture capital for entrepreneurial business plans, or offer work-

study programmes that give students a hands-on experience of working with ngos.

The profile section at the back of Which MBA? lists schools' particular strengths. 

So beyond The Economist's ranking, think of the criteria that matter to you before

drawing up a list of potential MBA programmes. You then may also find that you are

not just limited to a handful of schools that dominate the top of the b-school

rankings. Research the characteristics of the schools, find out more about the

student experience, and how students are achieving their personal and professional

goals. Ultimately it is in both schools' and candidates' best interests to find the right

fit.

 

More from our application special:

Philip Delves Broughton: Why you shouldn't bother with an MBA

Application dos and don'ts

Ten tips for perfectly pitched essays

What is an MBA?

MBA stands for Master of Business Administration and is typically granted after completion of one to two

years of graduate-level university study. It is designed to provide theoretical and practical training in

business and management.

Every year, MBA programs in the US attract thousands of students from all over the world who come to

America with the purpose of obtaining this most sought-after degree in the world. The cutting-edge MBA

curricula keep up with the most current market trends and demands of the times. Regardless of

profession, industry, or economic situation, an MBA degree may be your ticket to get into the executive

suite and take your education, and consequently career to the next level.

What kind of job can I get after completing my MBA?

An MBA degree opens the door to many jobs, including Financial Analyst, Market Research Analyst,

Marketing Manager, Business Analyst, Operations Manager, Project Manager, Market Information

Specialist, and many, many more!

MBA degree doesn’t limit your employment prospects to the private sector. It can also benefit people who

want to get into executive positions in the public and government sectors.

Re: Does MBA in HR and Marketing have good career scope?

Re: Does MBA in HR and Marketing have good career scope?

hai,Marketing MBA Specialization This specialization can helpaccelerate your entry andprogress in some of the mostcompetitive fields: marketing,advertising and public relations.

Human Resources MBA Specialization This MBA can lead to a key rolemanaging a company’s mostimportant asset – its people. Youwill learn about best practices inhiring and training.

The Two Most ImportantFactors in Selecting aSpecialization If you decide to take the specializationroute then you need to make sure thatthe school is well ranked for thatspecialization. For example, ifInternational Management is your bagthen the best schools are: 1. INSEAD 2. Thunderbird, The Garvin School ofInternational Management 3. Harvard Business School 4. The Wharton School, University ofPennsylvania 5. IE Business School Different specializations will havedifferent rankings, so do your research –prospective employers will certainly dotheirs. Another factor is the one-year versustwo-year course selection. A two-yearcourse allows the student to begeneralist in year one, and move to

specialist in year two. On the otherhand, a one-year specialist MBA is really a branding exercise as there is notenough time to cover both standardMBA topics and the specializationwithin the limited term time.All the best

  #4  

6th March 2012, 11:18 AM

er.skp.me

Senior Member 

Join Date: Feb 2012

Posts: 176

 Re: Does MBA in HR and Marketing have good career scope?

Quote:

Originally Posted by Unregistered 

mba in hrm and marketingI am a degree student . We have to take up an elective subject .does marketing or human resource have a good scope ?

Dear friend both the streams have scope,HRMhuman resource management here you will be dealing with the management of employees of the organisation, like recruiting, organizing campus interviews etc 

Marketinghere you will be deal with the customers of the company,you duty will be to get more customers to the company, marketing new products in markets, etc

both have scope, but it depends upon you, if your interested in HRM go for itor if your interested in marketing go for it

Source: http://entrance-exam.net/forum/general-discussion/does-mba-hr-marketing-have-good-career-scope-652363.html#ixzz29vLeOvIr

Yes, Definitely. MBA in Human Resource Management and MBA in Marketing Management is a good choice for the candidates. 

Candidates will be imparted knowledge regarding various aspects of Marketing by applying the same in Marketing Jobs, the candidates can bring business to the organization which they work with.

Managing better human relations, resolving the conflicts among employees is very much vital from an employee view and from the organization view too which will be better imparted to the candidate through HR.

The candidates usually opt for one of the elective as Major and the other as Minor.

The only difference between Major and Minor specializations is, the candidates are going to study more subjects in Major specialization and a little less number of subjects under minor specialization.

First decide upon yourself of the kind of jobs which you want to join either in Marketing sector or HR Jobs.

If you want to join in HR Job after completion of MBA course, then opt for HR as the major specialization and vice versa.

There are number of job opportunities for Marketing candidate in variety of business sectors.

Because every industry is in need of good number of Marketing peope to manage the various activities of Marketing in a better manner and there by to bring the business to the organization. 

Initially, HR people will be paid low salaries. In addition, it will take time for the candidates to get HR job (especially for Boys).

But the long term life for HR candidates is going to be fruitful. They will be respected by everyone in the organization. 

Take wise decision and go a head.

Source: http://entrance-exam.net/forum/general-discussion/does-mba-hr-marketing-have-good-career-scope-652363.html#ixzz29vLIKBCH

Master of Business Administration (MBA)Financial education Print Email 

Introduction to MBA

The Master of Business Administration (MBA) refers to a master’s degree in business

administration, which catches the attention of people from a wide range of academic

disciplines. The origin of MBA designation is believed to be in the US, rising from the late

19th century as the nation industrialized and companies looked for scientific approaches to

management. The basic courses included in the MBA programs are projected to introduce

students to different areas of business including marketing, finance, human resources,

operations management, and similar more.

Moreover, the MBA students are also facilitated with the option of taking general business

courses all through the program or can also select a field of concentration and emphasize

almost 1/4th of their studies in the subject.

Types of MBA Programs

There are certain types of MBA programs which can be opted for by the students fitting their

interests and qualifications. The most important ones include:

MBA in Accounting

These programs emphasize on developing skills on essential financial management for

successful formulation of programs for private businesses, public agencies like non-profit

groups. It deals with advance techniques on costing, corporate taxation issues, theory in

accounting, human resources management, budgeting, strategic planning, and conflict

management in addition to other things related to accounting.

MBA in Finance

This program includes strategic planning in exact and effectual basic curriculum germane to

the global marketplace. It also addresses good and sound financial management where

people are required to understand how good finances work for all.

MBA in Marketing

Discipline and professional managers would always opt for MBA in Marketing. The study

addresses the various strategies on hand in the marketing industry besides learning about

effective group and business management in the corporate world.

MBA in Knowledge and Learning Management

This program addresses knowledge on learning management associated with the global

marketplace. Professionals featuring this expertise type formulate plans and programs

aimed at meeting people’s interests.

Others

There are also other MBA programs which should be considered. These include –

Consulting, Criminal Justice, e-Business, Engineering, Education, Entrepreneurship,

General Management, Executive, Global Management, Hospitality and Tourism, Health

Care, Human Resources, Industrial Management, Information Systems, Media, Non-profit

Government, Project Management, Organizational, Real estate, and similar more. 

Scope for higher studies after MBA Marketing

After doing MBA Marketing, one can go for research related jobs or even

Ph.D programmes. If one wants to become a teacher in a college or University, the best option is to do a Ph.D level programme. There are numerous universities in India and abroad who conduct Ph.D programmes.

The teaching faculty members in reputed institutes are given excellent salaries and pay structures apart from a good career growth. Most of the Indian Institutes of Managements (IIMs) conduct a Post Doctoral and a Fellowship Programme in Management.

The FPM programmes of the IIMs are very famous for its quality and content. Apart from the IIMs, there are other top rated B-Schools which provide excellent Ph.D Programmes.

These Ph.D programs prepare future academicians, teachers, scientists and researchers.

Other certification courses after MBA Marketing

There are other courses which can be done after MBA Marketing. Professionals can opt to go for courses in Retail or Logistics Management. But many of these courses are for more than 6 months or one year, so it is advisable to do them along with with a job. But care must be taken to see that these courses are from known and reputed institutes then only there is a fair chance of getting the relevant jobs after completing the courses.

Career opportunities after MBA Marketing

The career opportunities are immense for a person with MBA Marketing. They can go into diverse fields like becoming a Teacher/Academician, Business development manager, Channel sales executive or manager in any FMCG company like HUL or Marico industries.

They can even work for the IT Industry. The Outsourcing business solely depends upon the capability of the IT Sales and Marketing teams. To convince the US based companies to outsource software development work to India is no easy task. It requires great skills, patience, hard work, smart work and huge amounts of technical knowledge. Most of these sales teams work in the nights across diverse industries and across different time zones so that work may be outsourced to their companies. So, in brief the IT industry requires a lot of MBA marketing professionals.

Read more here: http://entrance-exam.net/scope-after-mba-in-marketing/#ixzz29vMZUrMI

Marketing is a vital communication-based process through which individuals learn how emerging needs may be satisfied by the products and services provided by others. Marketing was previously recognized as a creative industry including advertising, distribution and selling. But in today’s age of multi-tasking, Marketing has evolved into a scientific entity. MBA in Marketing is a post graduate level course offered by many institutions around the world. The course is basically for students and executive professionals who wish to enhance their academic background in the field of business and in the corporate world. Other than traditional modes of study, aspirants can also come across online form of education for this course.

Eligibility Criteria

Students or candidates who are willing to do an MBA in Marketing must at least be a graduate in any discipline from any of the reputed universities. In general, there is no age limit for pursuing MBA. At some institutes, at least 60% marks in aggregate are required to get admission.

Course Outlook

The study of MBA in Marketing is a two years course which are generally divided into four half yearly semesters or three tri-semesters.

Job Prospects

In today’s market, the value of a marketing professional and their scope is immense. In fact, they have more demand in the market than a man of finance. Market Managers, Market research Analyst, Brand Manager and New product Manager are some of the job prospects available for a MBA in Marketing Professional. Candidates who also have profound knowledge of finance can also look for jobs as marketing executives. Other than these, candidates can also choose for specialized jobs such as advertising managers, marketing communications manager, sales manager and PR director etc. And the zing thing is that these kinds of professions generally attract youngsters.

Best Places to Pursue

Indian Institute of Management, Ahmedabad

Symbiosis Institute of Business Management, Pune (SIB

Read more here: http://entrance-exam.net/mba-in-marketing/#ixzz29vMtd1Og

5 Advantages of doing MBA Full time vs Part time. MBA Experience in USA ?11 COMMENTS

I was recently asked by one of our readers in response to the article Should I apply for MS or MBA after B.Tech or B.S, if he should pursue MBA full time or part time. He already has an MS from US

University. Based on my experience doing MBA full time and part time, I can list few of the advantages of full time MBA.MBA Experience at US University:Studying MBA at US University can be quite an experience if you do it the right way. Going to school for getting an MBA just for the sake of degree or knowledge is not of great value when you step into the real world of business. The value in MBA is all about building your leadership skills, networking, understanding how the system works and honing many communication and personality skills that you would not worry about as a regular MS graduate. The point is, MBA is not a technical degree like MS and just getting expertise in the subject will not suffice.

Part time MBA vs Full time MBA ?One of the biggest challenges of part time MBA is balancing work and your education. You are trying to juggle two balls : work and education. It can be very hard to balance both and do justice to both, one takes over other and you have to constantly keep up with them. In act of balancing, you have to lose some things. For instance, you may have to miss an awesome conference or training related to work if you have MBA finals that week or you may have to miss on a nice keynote speech by successful MBA alumni if you have work commitment at the same time.  There are positives and negatives to both. But, if you really want to have  the real MBA Experience, it is wise to chose full time MBA. Check out the advantages below.

5 Advantages of doing MBA full time over Part time MBA :Student Orgs and Leadership Development : As  I mentioned the importance of student orgs in8 reasons why you should join a Student Org, it is critical for you as a Business Graduate to hone your leadership skills. To be a successful manager, you need to know how to work with or manage people. Student Orgs give you that opportunity. If you are president of a Student Org, you will get that experience. You can be in Student Government and get to know how politics work. To be part of a student org in an executive member role, you need time and commitment. Full time MBA provides you with

enough time to focus and increase those skills.More focus on MBA Course related projects : When I was working part time and studying MBA, I had less time to focus on good projects, I could not put enough of my time to apply the course material to something that I really wanted to do. With full time MBA, you have that time to apply the class concepts to real time projects that you want to do. You have time to focus on the real projects that interest you. It can be your own business plan or marketing plan.Networking : MBA is all about networking. How many people you know and how many contacts you have built. The only way to network with people is to meet more people more times and get to know them on a personal level. With full time MBA, you have time to attend a variety of events in the University and outside of university. The biggest thing is you have time to do all these. You can attend professional organizations meetings or events for orgs like Collegiate Entrepreneurs Organizations, American Accounting  Association, American Marketing Association, etc.Business Plan Competitions & National Conferences: There are a variety of events that happen in the MBA or Business Education world. There are so many national conferences, regional conferences for professional organizations.  Apart from the conferences, there are so many competitions related to Business that help foster innovation and help you create your own business plan. The point is not about winning, it is about experience !  If you

have to attend these conferences and also participate in Competitions, you need time and you can only have that time if you are full time MBA studentStudy Abroad Opportunities: There are numerous opportunities for getting international exposure in MBA. You can take summer classes in different country or sometimes, you can do an internship in another country or there are international study trips. There are a variety of options. Imagine, you working …will your boss let you take 30 days or longer vacation?  If you are full time MBA student, you can utilize these good opportunities and get more exposure in the international business arena.I can write more advantages, but according to me, these 5 advantages stand out and are important to make the decision. If you have a choice to do Full time MBA, personally I would recommend considering that option. It is so much rewarding and you will cherish your MBA experience!

Can you think of any other significant Advantage of Full time MBA over Part time MBA ?

What Is The Scope Of BBA In Pakistan?

Best Answer

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Answered by Ellie82

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The degree of Bachelors of Business Administration (BBA) carries a great importance in

Pakistan. There are various educational institutes which offer BBA programme to

the students. In Pakistan, a minimum starting salary for a person having MBA degree is Rs.

25000 and above. Some of the institutes have BBA programme of four years and

consequently MBA programme of one or two years. The students from BBA are also

recruited by quality organizations such as Unilever, P & G, banks and other private

organizations in various events such as job fairs (which are organized by universities to

attract companies). Usually specialization starts from the last year in the last two semesters.

Majority of students in Pakistani universities are coming to this field for learning the

business skills from quality business schools. Top threebusiness schools which offer BBA

and MBA include LUMS, IBA and NUST. There are numerous universities which offer BBA

and MBA along with other MSprogrammes. Now-a-days MBAs are in great demand owing

to the fact that businesses are establishing themselves in this emerging economy.

Thestudents having BBA can do their internships from the reference of theiruniversities to

gain practical experience. Hence, doing a BBA from Pakistani university is a very

good option for ensuring good future in Pakistan.

Bachelor of Business AdministrationFrom Wikipedia, the free encyclopedia

"BBA" redirects here. For other uses, see BBA (disambiguation).

The Bachelor of Business Administration (BBA or B.B.A.) is a bachelor's

degree in commerce and business administration. In most universities, the degree is conferred upon a student

after four years of full-time study in one or more areas of business concentrations; see below. The BBA

program usually includes general business courses and advanced courses for specificconcentrations.

Note that the BSBA (Bachelor of Science in Business Administration) - a variant on this degree[citation needed] -

usually differs as regards to General educational requirements.

Contents

  [hide] 

1     Program content   

o 1.1      BSBA   

2     Accreditation   

3     See also   

4     External links and references   

[edit]Program content

The degree[1] is designed to give a broad knowledge of the functional areas of a company, and their

interconnection, while also allowing for specialization in a particular area. BBA programs thus expose students

to a variety of "core subjects", and, as above, allow students to specialize in a specific academic area;

see MBA program content. The degree also develops the student's practical managerial skills, communication

skills and business decision-making capability. Many programs thus incorporate training and practical

experience, in the form of case projects, presentations, internships, industrial visits, and interaction with experts

from the industry. For a comparison with other undergraduate degrees in business and management,

see further underBachelor's degree.

The core topics usually comprise:

Accounting   

Business    

law andEthics

Economics   

Financial    

management

Human resource    

management

Management    

Information 

Systems

Marketing   

Operations    

management

Organizational    

behavior

Quantitative techniques (business 

statistics, financial 

mathematics, operations research)

strategic management   

The specializations often include:

Accounting   

Entrepreneurship   

Human Resource    

Management

Design Management   

Management   

Operations    

management

Finance   

Real Estate   

International Business   

Information    

technology

Legal management   

Management    

information systems

Marketing   

Supply chain    

management

Public Relations   

[edit]BSBA

As above, the BSBA is a variant on the BBA. However, one should note that the degree, which is relatively

mathematically oriented, should not be directly equated with the BBA.

BBA: General educational requirements emphasize humanities and social sciences (history, economics,

and literature). Coverage of mathematics is generally business related, and is often limited to "Quantitative

Applications for Business" or, alternatively, courses in Calculus for business / Calculus 101, and business

statistics / general statistics.

BSBA: General educational requirements are relatively Math intensive; the general focus may also be

more analytic, often allowing for additional quantitative optional coursework. CompareBachelor of

Business Science.

[edit]Accreditation

Particularly in the United States, undergraduate Business Administration programs may be accredited, thus

indicating that the school's educational curriculum meets specific quality standards; see Accreditation under

MBA.[2]

What is the scope for a BBA degree?In: Salary and Pay Rates, Bachelor of Business Administration BBA, Affiliate Marketing Programs [Edit categories]

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Answer:

The BBA program aims at developing a student's intellectual ability, executive personality and managerial skills through an appropriate blending of business and general education. The program assists the student in understanding and developing the unique leadership qualities required for successfully managing business functions, an organizational unit or an enterprise. The specific objectives of the program are to:- produce up-to-date, assertive and effective executives for business and other organizations, and- prepare students for higher studies in business at home and abroad.While this course provides an overview of business management in a nutshell, it doesn't offer much scope by itself, unless you follow it up with a good MBA. After which you will start off as an executive or assistant manager in any of the business organisations, manufacturing companies, export or trading houses, financial concerns, banks, NGOs, PSUs or multinational corporations. In the private sector, promotions are essentially based on your efficiency and enterprise, while in the public sector, seniority is the determining factor. Needless to say, the kind of job you will get and the salary you will be offered will to a large extent depend on the reputation of the B-school you graduate from.Hope this has answered your question.

Thanks,Sameer Khan

Read more: http://wiki.answers.com/Q/What_is_the_scope_for_a_BBA_degree#ixzz29vWyHedO

Hello Everyone,

Thank you for this amazing platform where one can get so much guidance from experienced professionals.

I am writing an essay on explaining my short term and long term goals, and have having trouble revising it and making sure it is clear and concise.

Please provide your valuable feedback on how the essay has come out, and how any of the writing be changed if need be.

Thank you very much in advance.

ESSAY QUESTION Discuss your post-MBA professional goals, beginning with the MBA specialization you plan to pursue. How did you decide on this career path, and why do you feel these goals are realistic for you?

------------------------

A lonely child stands in the Ganges River washing his clothes pondering his life. An elderly fisherman floats on a tiny handmade boat in the Amazon wondering if he will catch food for his family to eat that night. An underdog football player, who after trying for years, finally gets his chance at the big time. No matter what the story, television and film is a powerful means of communication combining imagery, action, and sound to transmit a message to an audience in an exceptional way. No matter what you are seeking to broadcast, what your target market is, or how big a budget you have, you can convey any message or idea that you desire.

The XYZ MBA program is exactly what I am looking for in my next step of my professional career. I believe that the XYZ program will be a perfect catalyst for a transition from my current production background into a more business-oriented background in television and film.

The MBA specialization that I plan to pursue is Supply Chain Management with an area of emphasis in Entrepreneurship. A degree in Supply Chain Management will allow me to identify, acquire, and manage all the resources a business or organization requires to meet strategic goals. I will learn valuable lessons in team leading, communication, cost management, and strategic thinking. I already have an undergraduate degree in Business Management with a minor in Entrepreneurship, however I feel that the additional education I will receive at XYZ will allow me to achieve my ultimate goal, which is to start my own television/film production company.

I would like to say that I had a great epiphany or grand revelation that creating my own production company was what I must do in my lifetime. However, that was not the case.production, I have learned a great deal about the industry, how it works, and what it takes to be successful. While I feel like I have a good grasp on the industry, starting a production company is no easy feat. For this, I would need the proper training and understanding of the components that go into undergoing such a venture. Earning an MBA degree from XYZ would be a significant component of this training.

I foresee my future career as developing and managing a production company focused in film and television. With my desire and focus to create and develop programs with messages of philanthropy and for the greater good of the public, I believe such an undertaking would not only benefit my goals, and myself but also improve the local and global community and marketplace with the messages I would transcend. I would like to capitalize on the opportunity of providing new ideas and messages that would meet a large audience. 

Equally influential in my long-term plans has been my work experience as a producer in television. My affinity for creating informational programs was greatly satisfied by working at E! Entertainment over the last 5 years. I have worked on a diverse range of projects covering various topics and themes. I was able to acquire a solid technical background and thus become a competent producer and assume greater responsibilities in overseeing other people's work. My tasks have included developing ideas for programming, writing scripts, interviewing stories, as well as training and assisting my colleagues on multiple projects.

Over the course of my career, I have learned that production expertise complements well with business and a manager's responsibilities promising a substantially higher rate of success. Therefore, I believe that I would greatly benefit from receiving a quality education as an MBA student. Earning a business degree from XYZ would supply me with the information and competence to become a competent manager with a sound understanding of developing a business.

EF_Susan  [Moderator]   

An elderly fisherman floats on a tiny handmade boat in the Amazon, wondering if he will catch food for his family to eat that night.

No matter what the story, television and film are powerful means of communication...

The XYZ MBA program is exactly what I am looking for in my next step toward a professional career.

I will learn valuable lessons in team leadership, communication, cost management, and strategic thinking.

...I believe such an undertaking would not only benefit my goals and myself, but also...

My tasks have included developing ideas for programming, writing scripts, interviewing stories,...is this right?

Over the course of my career, I have learned that production expertise complements well with business and a...

Doing MBA is surely going to help as you can have many opportunities around.MBA helps you to get adjust in any field r position in the company . There is scope of getting promotions when compared to normal graduates in a particular stream.

So there is a wide scope of developing yourself more when you choose MBA when compared to other courses.

Author: Vilas    15 Nov 2009      Member Level: Gold     Points : 3  (Rs 1)    Voting Score: 0

Dear Chethan,I understand your feelings about your career and family. Dear as our Parrent point of veiw "Stable life is better than Marketing and other". But when you study above Post Graduation your responsiblity get increases, MBA is related to management studies and you have to Manage the Managemental issues. 1st understand if you think about normal life is not possible in any case. So Do what you want now. After MBA join the good MNC company, accept maximum responsiblity, work hard, give good results. your future is great.

Few words From Management Persons:The world is not a Parking Space.It is Racing Track.

RegardsVilas

Author: Srinivas R    01 Dec 2009      Member Level: Silver     Points : 5  (Rs 3)    Voting Score: 0

Hi Chetan,

First of all you must be proud to hold MBA degree with you because it is one of the toughest courses to complete. MBA pass outs today have great opportunities in all the industries which gives you lot of flexibility as you can prefer industry of your own choice. In any organization, Management and Administration employees have a special role to play. They are the one who stand in many occasions by having enough access to take valuable decisions of the organization. If you take an example of HR, its a challenging job where you can improve your interpersonal skills to a great level. Lets do small analysis here, if you take an organization which has an employee strength of 1000, out of that only 100 employees can be from management and admin including HR remaining 900 on the operations. Now you decide whether you want to be 1 among the 100 or 1 among the 900.

Step forward and pursue your career in HR, I am sure you will find this job very exciting and beyond your expectations.

Author: MEEGADA SIDDARTHA    01 Feb 2010      Member Level: Silver     Points : 4  (Rs 2)    Voting Score: 0

Hi,

My personal advice for you after MBA is get an on campus job [i think you are from one of the top institutes].Sell yourself in such a way that they need you and they should feel that you are the one they are looking for.Work hard these days shut all your enjoyments concentrate on your career.Show what you are.

Secondly if you are good at marketing skills start your own business with a bunch a of talented people who always works with commitment,dedication.Be focussed always don't distract.Learn to live.

Starting a business is not easy.Every step should be stepping stone for you to go ahead in future.If you are wrong anywhere you are no more[loss of money,time everything].Apply your MBA skills here.

I heard of an iim aspirant doesn't go for a campus job[already selected for a big company with huge package] instead of that he start a business of food chain now he is earnings crores.

Don't feel more excited i am telling you this as an option.If you think you are not eligible for this better go for a job.

Anyways i wish you all the best for your future.

Bye for now.

Author: madhura    02 Feb 2010      Member Level: Bronze     Points : 4  (Rs 2)    Voting Score: 0

Hi Chetan,

It is here to great that you are serious about your future. Now a days pursuing MBA is a passion. But It is tough and currier making course. In my view you should pursue MBA from a recognized university,because, all the reputed companies prefer for MBA (regular) graduates passed out from a recognized university. 

According to me HR is a bond between Management and Employees.HR holds a key position an any scheme of development. The impact of HRD is observed in higher productivity, cost effectiveness, growth expansion, diversification and profit maximization. So i can say that HR works as an "one man army". 

There is a lot of respect for this position. So carrier in HR is a better choice.

1. Confidenceo Show confidence in the interview process and your ability to handle any

situation. Most MBA graduates will assume leadership positions in companies and organizations, and schools look for students who can be graceful under pressure. According to "U.S. News & World Report," knowing the type of program you're applying for can help you concentrate on which qualities to show off, such as executive leadership potential and entrepreneurial spirit.

Ambition

o Schools want to see people who are ambitious in their career goals, according to the book "Your MBA Game Plan: Proven Strategies for Getting into the Top Business Schools." The MBA is designed to further a career; you must be ambitious and demonstrate a clear way to achieve your goals.

o Sponsored Links

MBA in Entrepreneurship Earn your MBA at CU-Leeds. Internationally recognized.

leeds.colorado.edu/MBA

Leadership

o An MBA prepares students to become executives and take leadership roles in a company. Schools want students who can solve problems and lead employees. In the application process, committees look for students

who are leaders in their current jobs or who took a leadership role in a volunteer organization.

Risk-Taking

o Being in business often means trying new ways of doing things, especially if the business is not sufficiently profitable. Risk-takers try new things and sometimes look for new ideas, even if those ideas are not popular.

Critical Thinking

o Critical thinking skills show that people can analyze and interpret information to make decisions. In the business world, those skills are just that -- critical. Executives must be able to analyze reports, advice from departmental leaders and information from corporate bosses to make a decision.

2. One year on after graduating from business school, Yan Yan Chen tells TopMBA.com

about the difference her MBA degree made to her career.

3. An MBA alumnus of the HEC School of Management, Yan Yan Chen graduated in one of the

most difficult times for MBA grads. However, having those three letters after her name meant Yan

felt the impact of her MBA on her career immediately. “My school name and MBA degree enabled

me to approach a lot more companies and job opportunities as opposed to before,” she says.

“More importantly, my MBA experience made me certain about my ambition and determination.”

4. Yan is currently working as a consultant for Roland Berger Strategy Consultants, but that isn’t

where she began her post-MBA career. “I started in the strategy team at Areva T&D, China,

where I learned about both the power utility industry and equipment manufacturing industry. I also

got exposure to renewable energy fields, like wine energy and biomass. It was right after the

Chinese government’s plan was laid out to upgrade power infrastructure and green technology

became a buzzword across the country.”

5. After working for half a year with Areva T&D, the company was sold, so Yan moved onto Roland

Berger Strategy Consultants in China, where her focus was on the energy and utility sector.

“Consulting was my career target and I knew I would have to detour and adapt rather than getting

there straight from school in such bad economic circumstances,” Yan says. Yet she has still been

able to apply much of what she learnt in the business school classroom to her career.

6. MBA career skills

7. “Most of the knowledge and skills I obtained through classes like strategy, accounting, finance,

investment, economics, organizational behaviour, marketing and negotiation, are being frequently

used in my career,” she says. “I would love to continue in consulting, but during the next decade I

would like to try NPO work in energy related topics that can make human life better.”

8. Yan initially applied to business school because she wanted to have more business exposure

beyond R&D (research and development) project management. But during her MBA, and after a

career planning self-assessment, Yan realized what she ultimately wanted to achieve. “Before my

MBA, my career goal was to be in a general management role for a high-tech company, because

I was at a relatively junior position. But during the MBA, I realized consulting is more fulfilling and

also a better choice for a post-MBA profession, so before graduation I set out a plan to make it

happen.”

9. MBA networking

10. Many MBA alumni speak of the value of the MBA network they gain during their business school

studies, and Yan is no exception. “The MBA network is the closest group I can observe, learn

from and practice with,” she says. “Where they come from and where they go became a

reference for my career decision. We exchanged ideas and information, and some of us became

quite good friends and still keep in touch.”

11. Yan would definitely recommend others to pursue an MBA degree, but she also advises people to

do so with caution. “The school name and the timing count,” she says. “So, if it’s a reputable

school, with a great alumni network, and it’s good timing, an MBA does give you a boost. When

the timing is bad, there are examples of MBAs who didn’t get through the crisis and reach their

goals.”

12. It’s only been a year since Yan left the business school classroom, so she hasn’t yet been able to

recoup the full amount of the financial investment she made, but she does feel she has received

a return on investment from her MBA, both in a financial and non-financial way. As a successful

MBA alumnus, her advice for MBA students approaching graduation and looking to re-enter the

job market is: “Make a well-informed career decision, have a career plan, and do your homework

on companies and industries that you are aiming for. With diligence and the right mindset, your

efforts will pay off.”

13. For more information please sign up for our newsletter, or you can discuss this topic on our MBA

forum

In brief:  “Before diving into this issue again, I would like to point out that many experienced

interviewers will try to avoid these questions, because questions about strength and

weaknesses immediately keep a person on the defensive and takes the interview into a

negative atmosphere. However, if the interviewer does ask you about your strengths and

weaknesses, you may need to have some intelligent answers that will not seem boastful or

phony.”

To be on the safer side, for your job interview preparations   -

this article provides examples on how to answer the question “what are your weaknesses

and strengths?”.

This is the third article of the weaknesses and strengths question series.

You may also read – How to answer the weakness and strength question.

Job Interview: Strength Examples – List of Strengths

Here are some aspects (with detailed explanation) that you may put forward as being your

strengths:

Learning agility and effective personal communication skills

Most researches show that the single best predictor for who will perform well and succeed

in a new job is the one who possesses learning agility(a quick learner) and the one who can

adjust himself/herself to changes and new situations, such as a new workplace.

Also, effective interpersonal communication skill is one of the best personal traits.

Past performance or even experience, skills and intelligence are not as important as

learning agility and communications skills. HR and recruiters are aware to these facts…

Self Motivated and Determined

To achieve success, one needs to be self motivated and determined to succeed. Without

self motivation, it is quite possible that even the best of employees will languish in the

company without achieving any success.

Success Oriented and Natural Leader

All companies search for an individual who has the drive within himself or herself. Frankly,

the company would not have time to actually sit back and look out which of their employees

has that next big idea, or which of the employees is not working according to their talents

and resources. Therefore, it is best that a company have a self-appointed mentor who

keeps these things in mind and speaks about them at the appropriate time.

This characteristic is necessary for team leaders, supervisors, executive managers and

project managers.

Team Player

No man is an island. And in today’s world, like never before, a person requires a group of

people with whom to succeed. Therefore, being a team player in today’s world is almost as

important as any academic degree.

Hardworking

This is one of the most common traits found in a successful boss as well as a successful

employee. It is said that success is ninety percent hard work and ten percent thinking/brain

activity. Any company would like to have a hard-working employee. Therefore, you can

speak about hard-work, dedication and commitment as your strengths.

Intelligence and Self Confidence

Being intelligent does not mean being the only person in the room who can drive a plane,

but a person who has the simple logic and practical knowledge that goes with running a

proper team.

Job Interview: What Are Your Weaknesses – Examples & List of Weaknesses

Several interviewers will also ask whether you have any weaknesses. When it comes to

weaknesses, make sure that you describe the weaknesses that are ambiguous enough to

be converted into strengths.

Here are some of the weaknesses that are generally discussed.

Getting Nervous around people

Today, with the advent of the new work culture where a person seldom meets another and

where the only time people speak to each other is during coffee breaks, there are some

people who have become introverts.  This causes some people to become nervous about

giving presentations and speeches.

Being a Debater

Some individuals are too passionate about work and require a reason for any change that is

introduced in the company. Though this is good for the project and the product, it might rub

some people the wrong way.

Going out of one’s Way

There are several people in organizations all over the world who take all kinds of work from

their colleagues, whether it is their work or not. While these people are an asset to the

company, they may create antagonism.

Lack of some skills

No person has all the requisite skills for the job profile. This is one of the greatest

disadvantages that one has, because once a person starts earning, they find it difficult to go

back to their learning ways.

Remember that these are just concepts and you should back up each of these strengths

and weaknesses with an example.

Some other strengths & weaknesses (per job title) to consider:

Here is an additional strengths and weaknesses list -

Strengths – 

Leaders and managers: Ability to prioritize, planning skills, well-organized, multitasking

and assuming responsibilities and duties. Possessing the capacity to cope with failures and

trying to learn from past mistakes.

Customer care, Call center and sales: Communication skills, patience, having good

interpersonal skills.

Programmers and R&D: A quick learner who enjoys learning new things. A team player

who shares knowledge and ideas with colleagues.

Weakness –

Sensitive person: Taking things to heart and getting too disappointed when things are

done in the wrong way.

Too helpful: Crossing limits while helping teammates.

Summary

An interview is the short span of time spent with each other, in which a person has to decide

whether the employee is perfect for the job or not. To establish this, the interviewer asks

several questions.

Some of the questions are quite simple and can be answered immediately, while some are

not as simple and require some thought before the answer is given. One good example of

this is the question regarding strengths and weaknesses.

Back to job interview questions and answers.

Typical Interview Questions and Best AnswersHow to Answer the ‘Describe Yourself’ interview question

An important question that is asked during a job interview is the ‘How Would You Describe

Yourself in one sentence or in five words?’ question.

When asking this question, the interviewer tries to find out what the candidate thinks about

himself/herself. It is very important that the candidate answers this question in a manner

that is logical without bragging or lessening his/her value.

In many cases, the interviewer can also phrase the question as ‘tell us 3 words to describe

yourself’ or ‘give us 3 adjectives to describe yourself’.

In such a situation you can use positive words that bring about your most positive

characteristics.

The words that you can use are: “Hardworking, loyal, quick learner, well adjust to changes,

efficient team player, multi tasking, self-motivated and self-confident”

The answer should also be ground in solid logic and should reference professional

achievements.

Refer to the article – what is your greatest achievement.

Another good answer to this question is, “I would describe myself as a professional who is

easy to get along with, and who can handle stressful situations and a heavy work load.”

Further reading -

What are your Strengt

My strength is hard work and quick learner. When I commit to doing something, I make sure it gets done, on time. And my ambition is get success in my life where I can get show my skill and experienced by putting best effort and in efficiency in my work.

my strength is hard working ,quick leaner and  friendly naturemy weakness is  very exiting person

I am focused ,dedicated, sincere and the last but not the least I know what I can do best

I would like play cricket I was leading my team as an all-rounder twice in my college days

And  my hobbies are I like to play chess and cricket…my strengths are easy to adjust in any environment ,and always eager to learn new things …..My career objective is seeking for challenging environment where I can prove and improve my self……

Having spent 4 years in association with IBA Grads, both as a student and as a teacher, I take pride in the fact that this institute has afforded me with a great deal of knowledge and experience that I’ll definitely carry forward to the people around the world. Discipline reigns high and results are tangible as every year major chunk of the students get admissions in the most coveted business schools of Pakistan. I recommend every person who wants to make his or her dreams come true to get enrolled at IBA Grads since  they all at IBA Grads know very well through their experiences what they can contribute to the best of individuals’ interests and how they can elevate students. Devotion to an objective and complete dedication to a cause is the most important thing I have learned from IBAGRADS. The institute gave me the strength to overcome my weaknesses. The motivation and the level of commitment of the teachers in the institute pushed me to go an extra mile and achieve better scores. Moreover, the accuracy of feedback which was given regularly, provided guidelines that helped me overcome my weaknesses. I was a below average student when I came to IBAGRADS and now I am an IBA graduate. All of this was due to the wish of the Almighty Allah and the effort of my teachers. Unknown, IBAIBA Grads has helped me in stretching my limits, discovering and channelizing my potentials on the tight track for personal and professional dynamic excellence.

I used IBA grads services in 2008 for the preparation of IBA aptitude test. At that time, the reason to choose IBA grads was that the IBAGRADS' superior results outmatched the performance of any other institution. Where performance or success rate of other institutions was about 40%, the performance of IBAGRADS was well above 90%. Not only is there a guarantee of clearing the tests but the advices and lessons that I learned at IBAGRADS helped me a lot  during my stay at IBA and for various employment tests and are

still very useful. Hence the services of IBAGRADS are more than recommended, as the performance of IBAGRADS is very much consistent. 

With the various costs associated with higher education slowly (or not so slowly in some cases) rising,

working part-time while studying is a necessity for many students – be it to cover living and academic

expenses or to just for the sake of getting hold of a bit of spending money. But money is not the only thing

you can gain from part-time work. It’s a great way to get a hands-on feel for the real working world and

what it’s like to work with (and for) other people, as opposed to the often solitary pursuits involved in

studying. You might even be able to get some experience in the field into which you wish to go,

demonstrating your passion and getting an invaluable head start. And they can be particularly useful for

international students trying to get a feel for the language and culture of their host country (though you

must stay alive to working hour restrictions that may be placed on them).

However, it goes without saying that there can be a less positive side to working part-time, which is that it

quite simply takes up time. As you’ll soon find out, at university, time can become a pretty valuable asset

at the best of times, and a seemingly unattainable precious resource during harder ones. The temptation

of a few extra dollars in your pocket can make it easy to bite off more than you can chew, and it won’t just

be your studies which will be affected. If you don’t allow yourself any downtime you’ll soon burn out, with

the avalanche of responsibilities that comes with attending classes, completing assignments and

sacrificing your social life to work quickly draining your energy and enthusiasm.  

And we have to be realistic: most students will not be get jobs at law firms or newspapers, but will more

likely occupy unskilled positions which won’t glamorize your CV, and at which you may not find an

sympathetic ear when you need a few shifts off to meet a looming deadline. “International students who

do find jobs usually don’t tend to find intellectually challenging work, but tend to work in call-centres,

washing dishes or serving in restaurants, babysitting and so on. We warn students, therefore, that they

need to make sure they have sufficient financial means and that aren’t relying on a menial job they may or

may not even find,” says Linda de Haan of the University of Amsterdam.  If it can’t be helped, go out of

your way to find something which is relevant to your interests, and at which you can learn something

useful. Almost every university will have a counselling service and/or an international office where you

can get some guidance and advice from those who have prior experience and some useful information to

impart. “Network—talk to professors, utilize the services of the career centre. Use on-campus or off-

campus jobs as an opportunity to build skills, not just extra money. A student may be able to find a

position which is related to their field of study and provides a foundation from which they can meet their

career goals,” says Brendan O’Brien, Director of the International Students and Scholars Office,

at Cornell University. 

By and large, though, universities discourage students from working during term-time. A University of

Oxfordspokesperson told us that, “The University gives consistent advice to students that working during

term-time is not a good idea. Oxford’s terms are short but intensive, and leave little time for taking on

part-time work, particularly as students are only resident in college during term. Many students do choose

to take on jobs outside of the 8-week term schedule, however.” (Working during your time off and putting

some money aside for term-time may one way to enjoy the best of both worlds – although be warned, it’s

unlikely your holidays will be devoid of academic obligations.) A spokesperson from the University of

Cambridge adds, “It’s important that students have sufficient time both to keep up with the academic

demands of their course and to give themselves time out to take advantage of the social and recreational

opportunities available at the University.” 

Remember – if you’re a full-time student, it will be just that: full-time, so be realistic. You don’t want to look

back and see that you allowed your grades to suffer as a consequence of a part-time job. Be sure that

you are confident of your time management and organizational skills in order to make sure you can fulfil

your academic potential. O’Brien concludes, “Students need to budget their time wisely. Academics can

be demanding, on-campus employment can be time-consuming and it is important to have additional time

for activities, recreation and exercise. Don’t spread yourself too thin, particularly in your first semester.”

Bachelors in Business Administration (BBA Honours) A Great STRATEGIC CHOICE for LAUNCHING your CAREER!

Business Administration touches on all areas of Twentyfirst Century life. A strong understanding of how businesses operate and how to manage them successfully is crucial in a number of different sectors, from industry to education andpolitics to health. We work on the principle and idea that a truly practical business education teaches individuals to reason beyond textbooks, management fads and memorized formulas for success and growth. We concentrate on developing your communication and presentation skills, ability to offer meaningful and insightful analysis, and most importantly, to think creatively.

WHY CHOOSE BBA from University of South Asia

Diversity, Vision, Complete Personality Transformation

Diversity: Our aim is to provide you a well rounded education that allows you to evaluate organizations of all sizes and types. You will explore the private, public and not-for-profit sectors by analyzing the way organizations function, the techniques of management they apply, the effects on their employees, and the impact on wider society in general. Students study Management, Accounting, Finance, Global Trade, Economics, Statistics and a host of courses from different disciplines.

Vision: We aim to develop an overall vision of our students towards life and allow them to obtain enhanced comprehension, outstanding analytical abilities, strong written and spoken communication skills, and professional presentation expertise; traits business executives require.

Personality Transformation: The overall effect of our BBA on the personality of the students can be summed up by saying that they become confident and capable of providing solutions to complicated business problems; from a tunnel vision they enter into the world of thinking creatively and innovatively.

When studying our BBA you will develop a thorough understanding of how people organise themselves to manufacture and produce goods and services in different geographical, economic and technological contexts.

You will:

be able to analyse and evaluate critically academic research and reports

develop your team-working skills

develop your writing skills

be confident about speaking in public

be able to formulate and construct a logical argument to present a strong case

broaden your knowledge of information technology (IT)

develop and hone effective presentation skills

know how to perform basic financial analysis

Who should enrol?                                                                                                                 

If your hobby becomes your profession, reaching at the top becomes exciting. Students with interest in Management, Marketing, Finance or Business Research are natural candidates of BBA.

Professional Gain                                                                                                                  

BBA students have an array of career options to choose from. They can set up their own business, or gain meaningful employment in Marketing, Advertising, Sales, Management, Banking, Research, Accounting and other related professionals. They can also opt to pursue an MBA to further enhance their knowledge and skills.

What is expected of Students?

Students are expected to apply themselves to their programme of study with commitment and dedication. This means they are required to attend lectures and seminars, preparing for them beforehand by following the guided reading, so that they are well equipped in class to take part in meaningful discussions. In addition they are also expected to study outside their timetabled hours, to submit assignments on time and to attend quizzes and examinations.

In order to really grow in this field after graduation and to make the most of your four years bachelors’ experience, being highly motivated would help speed up your progress. This means that you should learn to take charge of your own learning by meeting the deadlines set, studying diligently and working with a diverse range of students. We want a high level of professionalism among our students. This means that you are expected to listen to and respect the views of other students, to communicate with staff in a polite and dignified manner, and to conduct yourself as if you were in a work organisation, not a school or social club.

We want you to enjoy your studies and make the most of your time at university.

Earn a General BBA (Hons.) or purse a Specialization that matches your Career Aspiration

Specializations under Management Sciences

USA offers a number of specializations within the domain of management sciences to provide students with the choice to study courses of their interest and claim for a BBA (Hons.) degree or receive a degree with the name of the respective specialization.

Common Business courses are taught during the first five semesters while specialized courses are offered in the last

three semesters.

The following specializations are offered to undergraduate students:

1. Finance (BF Hons.)

2. Money and Banking (BMB Hons.)

3. Human Resource Management (B-HRM Hons.)

4. Tourism and Event Management (B- TEM Hons.)

5. Advertising and Brand Management (BABM Hons.)

6. International Business Management (BIBM Hons.)

7. Marketing Management (BMM Hons.)

8. Web Enterprise Management (BWEM Hons.)

Admission in the BBA program of USA   Admission is offered to students who have completed 12 years of education (Intermediate or A-levels). Students are required to appear in our Aptitude Test, and on successfully clearing it, students are offered an acceptance letter, and admission can be confirmed by payment of dues.

Program Details

Duration: 4 years

Number of Semesters: 8

Course Work: 126 Cr. Hrs.

Project: 6 Cr. Hrs.

Total: 132 Cr. Hrs.

Contemporary marketing managers must understand not only the traditional areas of marketing channels, sales management, advertising, and research, but must also be familiar with consumer and dealer motivation. The manager must be able to translate knowledge of consumer behavior into marketing strategy. The marketing program is broad enough to permit a major to develop knowledge in these several areas, but flexible enough so that students may focus on special interest area

Marketing students gain skills in business fundamentals and specific marketing disciplines in a learning environment that balances textbook theory with real-world marketing application. Students become familiar with the marketing functions and processes that deliver customer value, enhance customer relationships and benefit organizations and their stakeholders. Varied learning methodologies that emphasize critical thinking, problem solving and ethical decision-making prepare students for the

marketing challenges of today's global environment. Graduates earn a Bachelor of Business Administration degree with a major in Marketing and an elective Specialty in Business-to-Business, Advertising and Promotion, Entrepreneurship, or Sport Marketing.

Marketing: The Business of Doing Business

The Davenport University BBA in Marketing prepares you for a fast-growing field that promises exciting

opportunities for success. You’ll learn creative and critical-thinking skills, decision-making and analysis

and change management as part of this focused, practical “hands-on” program.  

Outsourcing is the contracting out of a business process, which an organization may have

previously performed internally or has a new need for, to an independent organization from

which the process is purchased back as a service. Though the practice of purchasing a

business function—instead of providing it internally—is a common feature of any modern

economy, the term outsourcing became popular in America near the turn of the 21st century. An

outsourcing deal may also involve transfer of the employees and assets involved to the

outsourcing business partner.[1]

The definition of outsourcing includes both foreign or domestic contracting,[2] which may

include offshoring, described as “a company taking a function out of their business and

relocating it to another country.”[3]

The opposite of outsourcing is called insourcing, and is sometimes accomplished via vertical

integration. However, a business can provide a contract service to another business without

necessarily insourcing that business process.

Contents

  [hide] 

1   Overview

o 1.1   Reasons for outsourcing

2   Implications

o 2.1   Management processes

o 2.2   Quality of service

o 2.3   Language skills

o 2.4   Security

o 2.5   Qualifications of outsourcers

o 2.6   Diversification

o 2.7   Insourcing

o 2.8   Standpoint of labor

o 2.9   Standpoint of government

3   By country

o 3.1   United States

o 3.2   European Union

4   Co-sourcing

o 4.1   Identity management co-sourcing

5   See also

6   References

7   Additional sources

8   External links

[edit]Overview

Two organizations may enter into a contractual agreement involving

an exchange of services and payments. Outsourcing is said to help firms to perform well in their

core competencies and mitigate shortage of skill or expertise in the areas where they want to

outsource.[4]

In the early 21st century businesses increasingly outsourced to suppliers outside their own

country, sometimes referred to as offshoring or offshore outsourcing. Several related terms

have emerged to refer to various aspects of the complex relationship between

economic organizations or networks, such as nearshoring, crowdsourcing, multisourcing [5] [6]  and

strategic outsourcing.[7]

Outsourcing can offer greater budget flexibility and control. Outsourcing lets organizations pay

for only the services they need, when they need them. It also reduces the need to hire and train

specialized staff, brings in fresh engineering expertise, and reduces capital and operating

expenses.[8]

One of the biggest changes in the early 21st century came from the growth of groups of people

using online technologies to use outsourcing as a way to build a viable service delivery business

that can be run from virtually anywhere in the world. The preferential contract rates that can be

obtained by temporarily employing experts in specific areas to deliver elements of a project

purely online means that there is a growing number of small businesses that operate entirely

online using offshore contractors to deliver the work before repackaging it to deliver to the end

user. One common area where this business model thrives is in provided website creating,

analysis and marketing services. All elements can be done remotely and delivered digitally and

service providers can leverage the scale and economy of outsourcing to deliver high value

services at reduced end-customer prices.

[edit]Reasons for outsourcing

Companies outsource to avoid certain types of costs. Among the reasons companies elect to

outsource include avoidance of burdensome regulations, high taxes, high energy costs, and

unreasonable costs that may be associated with defined benefits in labor union contracts and

taxes for government mandated benefits. Perceived or actual gross margin in the short run

incentivizes a company to outsource. With reduced short run costs, executive management

sees the opportunity for short run profits while the income growth of the consumers base is

strained.[2]This motivates companies to outsource for lower labor costs. However, the company

may or may not incur unexpected costs to train these overseas workers.[9] Lower regulatory

costs are an addition to companies saving money when outsourcing. On comparative costs, a

U.S. employer typically incurs higher defined benefit costs associated with taxes for (social

security, Medicare, safety protection (OSHA regulations)/FICA (taxes)).[10] On comparative CEO

pay, executive pay in the United States in 2007 was more than 400 times more than average

workers—a gap 20 times bigger than it was in 1965.[11] In 2011, twenty-six of the largest US

corporations paid more to CEO's than they paid in federal taxes.[12] However, it appears

companies do not outsource to reduce executive or managerial costs.

Companies may seek internal savings to focus money and resources towards core business. A

company may outsource its landscaping functions irrelevant to the core business.[13] Companies

and public entities may outsource certain specialized functions, such as payroll,

to ADP or Ceridian. Companies may find the same level of consumer satisfaction.[14][15]

Import marketers may make short run profits from cheaper overseas labor and currency mainly

in wealth consuming sectors at the long run expense of an economy's wealth producing sectors

straining the home county's tax base, income growth, and increasing the debt burden. When

companies offshore products and services, those jobs may leave the home country for foreign

countries at the expense of the weatlth producing sectors.[2] Outsourcing may increase the risk

of leakage, reduce confidentiality, as well as introduce additional privacy and security concerns.;[16][17]

[edit]Implications

[edit]Management processes

Greater physical distance between higher management and the production floor employees

often requires a change in management methodologies, as inspection and feedback may not be

as direct and frequent as in internal processes. This often requires the assimilation of new

communication methods such as Voice over ip, Instant messaging, and Issue Tracking

Systems, new Time management methods such as Time Tracking Software, and new cost and

schedule assessment tools such as Cost Estimation Software.

[edit]Quality of service

Quality of service is best measured through customer satisfaction questionnaires which are

designed to capture an unbiased view.[18]

[edit]Language skills

In the area of call centers end-user-experience is deemed to be of lower quality when a service

is outsourced. This is exacerbated when outsourcing is combined with offshoring to regions

where the first language and culture are different.[19]

Foreign Call center agents may speak with different linguistic features such as accents, word

use and phraseology, which may impede comprehension. The visual clues that are missing in

atelephone call may lead to misunderstandings and difficulties.[20]

[edit]Security

Before outsourcing an organization is responsible for the actions of all their staff and liable for

their actions. When these same people are transferred to an outsourcer they may not change

desk but their legal status has changed. They are no longer directly employed or responsible to

the organization. This causes legal, security and compliance issues that need to be addressed

through the contract between the client and the suppliers. This is one of the most complex areas

of outsourcing and requires a specialist third party adviser.[citation needed]

Fraud is a specific security issue that is criminal activity whether it is by employees or the

supplier staff. However, it can be disputed that the fraud is more likely when outsourcers are

involved, for example credit card theft when there is scope for fraud by credit card cloning. In

April 2005, a high-profile case involving the theft of $350,000 from four Citibank customers

occurred when call center workers acquired the passwords to customer accounts and

transferred the money to their own accounts opened under fictitious names. Citibank did not find

out about the problem until the American customers noticed discrepancies with their accounts

and notified the bank.[21]

[edit]Qualifications of outsourcers

In the engineering discipline there has been a debate about the number of engineers being

produced by the major economies of the United States, India and China. The argument centers

around the definition of an engineering graduate and also disputed numbers. The closest

comparable numbers of annual graduates of four-year degrees are United States (137,437)

India (112,000) and China (351,537).[22][23]

Companies looking to outsource their engineering activities should evaluate the capabilities of

the providers. There are many bench marking reports by independent research and consulting

firms which analyze the vendors' capabilities.[citation needed]

[edit]Diversification

The early trend in outsourcing was manifest in a financial construct where a function's

associated capital and personnel were sold to a vendor and then rented back over a series of

years. Early benefits were a boost in expertise and efficiency as outsource vendors had more

focus and capability in their specialization. As time progressed, the year 0 benefit was off the

books, customer needs evolved and contracts generally aged poorly. Rigid contracts hampered

the ability of customers to respond to emerging business drivers, and simultaneously tied the

hands of the vendor's team who was focused on increased efficiencies for static problems. The

result tended to be additional "project" contracts for incremental changes in a monopoly

environment. Many deals became contentious, and many customers have become very

uncomfortable surrendering so much power to a single vendor. As the contract aged, it became

increasingly difficult to even negotiate with vendors with confidence, because the customer

began to lack any real knowledge of the cost structure of the function, or the competitive

situation of the vendor.

Industry leaders turned to each other, trade journals and management consultants to try to

regain control of the situation, and the next answer that grabbed hold of the industry was labor

cost arbitration; leveraging cheap, offshore resources to replace or pressure increasingly

expensive legacy outsource vendors. Pressure led incumbent vendors to move resources

offshore, or to be replaced wholesale. As this renegotiation was under way, many customers

seized the opportunity to restructure to gain more control, transparency and negotiating power.

The end result has been fragmentation of outsource contracts and a decline in mega-deals.

Many companies are now relying on several vendors who each offer specialization and / or

lowest cost.

[edit]Insourcing

Outsourcing has gone through many iterations and reinventions. Some outsourcing deals have

been partially or fully reversed citing an inability to execute strategy, lost transparency & control,

onerous contractual models, a lack of competition, recurring costs, hidden costs, etc... Many

companies are now moving to more tailored models where along with outsource vendor

diversification, key parts of what was previously outsourced has been insourced. Insourcing has

been identified as a means to ensure control, compliance and to gain competitive differentiation

through vertical integration or the development of shared services [commonly called a 'center of

excellence']. Insourcing at some level also tends to be leveraged to enable organizations to

undergo significant transformational change.[citation needed]

Further, the label outsourcing has been found to be used for too many different kinds of

exchange in confusing ways. For example, global software development, which often involves

people working in different countries, it cannot simply be called outsourcing. The outsourcing-

based market model fails to explain why these development projects are jointly developed, and

not simply bought and sold in the marketplace. Recently, a study has identified an additional

system of governance, termed algocracy, that appears to govern global software projects along

side bureaucratic and market-based mechanisms. The study[24] distinguishes code-based

governance system from bureaucracy and the market and underscores the prominent features

of each organizational form in terms of its ruling mechanism: bureaucracy (legal-rational), the

market (price), and algocracy (programming or algorithm). So, global software development

projects, though not insourced, are not outsourced either. They are in-between, in a process

that is sometimes termed Remote In-Sourcing. Projects are developed together where a

common software platform allows different teams around the world to work on the same project

together.

[edit]Standpoint of labor

From the standpoint of labor, outsourcing may represent a new threat, contributing to worker

insecurity, and reflective of the general process of globalization.[25]

On June 26, 2009, Jeff Immelt, the CEO of General Electric, called for the United States to

increase its manufacturing base employment to 20% of the workforce commenting that the U.S.

has outsourced too much and can no longer rely on consumer spending to drive demand.[26]

[edit]Standpoint of government

Western governments may attempt to compensate workers affected by outsourcing through

various forms of legislation. In Europe, the Acquired Rights Directive attempts to address the

issue. The Directive is implemented differently in different nations. In the United States,

the Trade Adjustment Assistance Act is meant to provide compensation for workers directly

affected by international trade agreements. Whether or not these policies provide the security

and fair compensation they promise is debatable.