MBA Tips And Tricks

PUBLISH DATE 13th February 2024

MBA Tips And Tricks: Academia and the professional world are completely different worlds. Even though we have always been taught to get into the real professional world, academics is the key to it. The transition, however, is not easy. If you are from a background of management studies, it can be both daunting and exhilarating. While business schools do equip students with valuable theoretical knowledge to get into the professional world, a student needs to have a set of practical skills, the ability to adapt to the evolving world and a strategic mindset. Recent studies have shown that, every year around two-thirds of graduates face difficulty in transitioning from academia to the professional world.

Anil Somani, Chairman of FOSTIIMA Business School, Delhi, offers valuable insights to management students approaching their transition from academia to the professional world with a strategic mindset. According to him, achieving success in this transition demands a thoughtful blend of skills, strategic approaches, and a proactive mindset. He emphasises the significance of recognising that every step taken toward professional growth serves as a building block for a rich and fulfilling career.

Here are the key points:

Create Strong Networking

Networking is one of the most essential parts when a student is stepping out of academics and moving to the professional world. Students should reach out to people whom they have known in the industry for a long time. In today’s evolving world, a student can build a strong network through digital platforms like LinkedIn, indeed, Quora, and so on. Apart from this, students should attend industry events, join professional communities, etc. This will help them build a strong network of contacts who can provide professional advice and can also open doors to numerous opportunities and references.

Convert Your Theoretical Knowledge into Practical Experience

An institution can help you learn all the theoretical knowledge that a MBA course offers but if a student is not equipped with practical experience, transitioning to the professional world will be difficult. One of the primary ways to deal with this issue is to get yourself an internship. Internships offer a glimpse into the day-to-day operations of businesses and provide an opportunity to apply theoretical knowledge in practical situations. According to NSCI (National Survey of College Internships) around 67.9% of the students pursue an internship to gain experience in a specific field. Apart from this, students can also participate in industry visits. It not only helps to understand how an industry works but also helps students understand different types of industries in one go.

Work on Developing Soft or New Skills

Apart from technical expertise, the professional world also demands numerous soft skills like leadership, communication, teamwork, etc. It is important for management students to constantly work on developing such soft skills along with real-world experiences. A student can develop these skills by participating in college group
projects and other extracurricular activities that require communication and collaboration. Students who master these skills are likely to have a smoother transition from the world of academics to the professional world.

Get Insights from the Industry Leaders

Many institutions conduct workshops on managerial thinking, negotiation skills, effective communication and many more. In these workshops and seminars, colleges invite industry experts and alumni who share their real-life experiences of the practical world,
helping students get a glimpse of it.

Work on Creating a Solid Resume

As they say, ‘First impression is the last impression’. Making an impactful resume is the first opportunity for any student to make a good impression on potential employers. When transitioning from academia to industry a student might need to adapt a resume
to highlight transferable skills and relevant experiences. Always remember to put more focus on your accomplishments and the impact of your practical projects rather than just listing job duties. Additionally, remember to continue updating your resume based on the job position you are applying for.

For an MBA student transitioning from academia to the professional world can be a challenging yet very rewarding experience. It requires a combination of strategic planning, practical experience, and essential skills. The beginning of the journey can be risky and unsettling but with hard work and patience and by following the above suggestions a student can transit from academia to the professional world seamlessly. Moreover, students can choose dual specialisations, providing a safety net for those uncertain about the industry they wish to pursue. This option serves as a backup plan, enabling them to make informed decisions.

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