What You Don’t Learn in MBA School?
Masters of Business Administration (MBA) is a post graduation program that provides the conceptual, practical and abstract training in accounting, marketing, economics and much more. MBA Schools prepare their students for getting a job in order to work in the big organization. They train their students to perform high-level things such as calculating NPV of a million dollar machine. MBA schools qualify students for a good job but in case, if something goes wrong, what students will do? Are they prepared for these impulsive circumstances? What if they lose their current job and cannot find a new one?
Some of the things that are not taught in MBA schools are given below:
Selling is a skilfulness that must be at the fingertips of each MBA student. Yes, it is true that there are sales classes in MBA but, it is difficult to sell anything if you never sell anything in reality. MBA sales classes give a theoretical idea of selling but they do not make their students to actually practice in the real world which becomes the greatest hitch for students. During an interview, it becomes very difficult for a student to sell anything because he had never tried it in real life.
One of the best forms of persuasion is writing. To be able to write a good content is very important because sometimes, presentations skills are required to convey information. This writing is not the writing that is given by the class teachers but, it must be effective and efficient enough through which one can make money.
3. How to Start a Business
If you ask from MBA students about their career goals, most of them want to start their own business . But, the reality is; only few could make it because they really worked upon it, as Milton Friedman said that “there is no such thing as a free lunch”. MBA schools must include courses on how to start a business in their curriculum: how to partner up with other organization, how to get financing from a bank and much more.
4. Creating a Niche Market
By creating your own niche will help you tap into new markets along with it, the competition level in the market reduces. In Most of the MBA schools, students waste their time in thinking what others have done instead of focusing and developing their own.
According to ‘Jorge Paulo Lemann’, “The greatest asset of a company is its people”. Diplomacy is a term in which there is a navigation of volatile people or situation, negotiating with peers and boss without any argument. As this is an art and is hardly taught in business schools so, you can learn it outside the premises
In a nutshell, it can be concluded that, despite having all the programs in an MBA school, there are still many things left, which are not taught to students. Some of the things that have been discussed in the above paragraph that are selling, copywriting, how to start a business, Creating a Niche market and diplomacy. Selling is a skill that must be at the fingertips of each MBA student. Most of the MBA schools do not teach how to start a business but, most have a vision of becoming an entrepreneur. How to start a business must be a part of the syllabus.
Diplomacy is an art that must be known to each MBA student as it is going to help them during severe conditions. The above mentioned things must be well-known to each MBA student and must be a part of their curriculum!!