Top 4 Skills Acquired Throughout The Practical MBA
When it comes to the generic MBA programme, some of the top skills learnt are in key business areas such as finance, marketing and management principles. Not every MBA programme can be considered a ‘practical MBA’ however – those that are practical must have some relevance to the everyday business world which we all work in. Every higher education provider will have their differences, however unique learning methods such as AIB’s work-applied learning allow for practical skills to be acquired and lead change at both a team and organisational level. If you’re interested which individual skills in particular are most common through a practical MBA, see below.
When undertaking a practical MBA programme, the learning provider should offer unique networking opportunities and alumni events. These events allow students, alumni and faculty to mix with industry and connect on a professional level. No matter what stage of your programme you are at, it is important to take advantage of these networking events and build on your interpersonal skills. These will not only be of relevance for making contacts throughout the MBA, they will also assist in the practical business world as you pitch for new business, establish agreements and construct positive working relationships.
When a programme is relatable to outside employment, it is easier to build tangible skills that are of relevance after your studies. Throughout a practical MBA, students’ resilience will be tested as they apply theory to real-world business issues. This is not an easy task therefore perseverance is necessary in order to succeed. Upon completion of the degree, students should feel equipped to overcome real challenges in the workplace and work productively to solve them.
3. Effective group work
Throughout practical MBA programmes, it is likely that you will be required to work in a group environment and interact with peers. This assists in building relationships, as well as simulating a teamwork environment that is common in the workplace. Being able to effectively work in a group during the MBA ensures that you can do so in your business role. While some managers may not feel that this is relevant to them, the ability to work collaboratively while contributing value to a group will always be beneficial to your career.
4. Ability to multitask
Figures show that the majority of students will continue to work full time while they undertake practical MBA programmes such as the AIB 12 Month MBA. This increased workload can be difficult to manage at first, but with strong organisational skills, students see great benefit in perfecting their ability to multitask. Continuing to work throughout the MBA allows for strong practical benefits as learning is applied directly into the workplace. In addition to multitasking, students better their ability to work under pressure and time management skills, as every possible time slot is used to its best ability.
What do you think?
Can you add any further skills acquired throughout the practical MBA to the list? I’d love to hear what both current students and gradates of a practical MBA think about the topic. Comment below and share your views.
This article was written by Laura Hutton on behalf of the Australian Institute of Business. All opinions are that of the writer and do not necessarily reflect the opinion of AIB.