Skills gained from MBA

[pooja]

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Can you tell me what Key competencies and skills one can get with MBA (Master in Business Administration) Degree?

[pawan]

The following is a list of general MBA (Master in Business Administration) and functional-specific competencies to help gets started:

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 analyse 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