2023 2024 Student Forum > Management Forum > Entrance Exams

 
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18th December 2015, 04:06 PM
Super Moderator
 
Join Date: Apr 2013
Re: Skills for MBA Students

Some of the general MBA and functional-specific competencies to help you get started are as follows:

Essential MBA Skills
• Leadership
• Teamwork
• Problem solving and analytical skills
• Initiative
• Adaptability to change
• Interpersonal and communication skills
• Strategic thinking and planning abilities
• Global orientation
• Ability to leverage technology
• Time management and project management skills
• Prior history of results and progressive experience

Function-specific Skills Based on Concentrations & Key Functions

Corporate Finance
• Quantitative skills
• Basic understanding of accounting and financial management principles
• Ability to interpret numbers and draw conclusions from results of various financial strategy changes
• Ability to handle a wide variety of tasks
Consulting/Strategy
• Evidence of solid intellectual capacity
• Ability to elicit information from others and to synthesize that information into a cohesive story
• Strong listening skills
• Ability to communicate with all levels of management, from line managers to the CEO
• Ability to see the big picture
• Solid business judgment and desire to tackle complex business problems
• Creative/conceptual ways of thinking
• Ability to determine KEY issues from confused and incomplete information
• Project management skills
• Professional presence
• Assess situations and devise solutions
Human and Organizational Performance
• Strong presentation, communication, and interpersonal skills
• Mentoring/coaching experience
• Management skills
• Analytical skills
• General business understanding
• Basic understanding of change management and organizational processes
• Analytical and quantitative skills
• Ability to understand how business results ultimately tie to human performance
• Basic understanding of the Human and Organizational Performance generalist role
Investment Banking
• Strong quantitative and financial skills
• Team player
• Handle multiple tasks/multiple bosses
• Ability to analyze diverse information and formulate recommendations quickly
• Ability to synthesize large amounts of data into small manageable chunks and then communicate these chunks both written and verbally
• Willingness to take risks, deal with uncertainty and accept occasional failure
• Ability to perform well under pressure
• Ability to take criticism lightly
• Aggressiveness, strong internal motivation and ambition
Marketing
• Ability to motivate others not under your control
• Strategic thinking
• Multi-functional team experience
• Tolerance of ambiguity; flexibility
• Creativity
• Quantitative/research skills
• Coordination/project management skills
• Presentation skills
• Ability to recognize key factors in extensive data
• Passion
• Knowledge of basic marketing principles
Operations/Manufacturing
• Ability to work with a wide variety of people
• Basic understanding of the supply chain and a production environment
• Preference for a variety of tasks
• Quantitative skills
• Ability to coordinate with departments and individuals not under your control
• Ability to initiate and implement major projects


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