Today, a graduate in business management must possess a specific set of abilities in order to at the very least be given the opportunity to interview with the greatest corporations in the world.
For instance, a bachelor's degree holder who wishes to work in sales must possess the necessary abilities.
People interested in a career in data science can enroll in online data science courses to learn both traditional and contemporary data science principles. Before deciding on an internship or a full-time career, companies large and small only hire experts who have mastered a minimum of one skill.
The days of being a "Jack of all crafts and master of none" are undoubtedly over.
In the modern day, businesses already have an idea of who they want to apply for a position, what qualifications they are looking for in a candidate, and what work experience and exposure to the sector they are looking for.
That being said, in this article, we have identified the key skills that a management grad must possess to thrive in the present era.
Communication is Key
Businesses require managers that can interact with coworkers, clients, and superiors without difficulty if they are to operate efficiently. One of the most valued MBA abilities in the corporate world—and one that you must develop during your MBA—is the capacity to communicate clearly and forcefully.
“As our clients tackle how to address business in the digital world, we look for candidates to have good business acumen and client communication skills. You can be as smart as the day is long but if you don’t communicate it then you don’t get as far as you’d like,” says Frances Taplett, managing director at Boston Consulting Group (BCG).
A management graduate must be a good speaker, a keen listener, and a clear writer with the ability to adapt the message to various audiences and media.
"Communication will really create meaningful leadership, as long as it has authenticity and truth to it,” explains JP Connelly, lecturer at UCD Michael Smurfit Graduate Business School.
Tech Savviness
With businesses across the globe increasingly transiting towards a technology-driven model, management grads are required to have an understanding of different technologies.
Keith Bevans, the consultant at Bain & Company, thinks that management students must learn to stay out of their comfort zone and always be proactive as the business tools of today are more sophisticated that require deeper expertise.
Starting with as basic as Office skills to computer and digital literacy and complicated information technology, the management grads are required to poses a deep understanding of all.
Data is the new oil of business operations and profitability, so newcomers must have a solid understanding of data management and analysis. This calls for effective and accurate information collection relevant to business operations, analysis of the data for significant trends or potential problems, and communication of findings to upper management.
Managers may be required to be conversant with particular data collecting and analytics technologies and software depending on their role and sector.
Master Networking
One of a manager's most important responsibilities is networking, which may offer the required assistance when it's needed. One of the most effective things an MBA student, whether currently enrolled or not, can do to further their career is networking. It is the process of establishing connections between individuals for a certain goal, such as locating a job, a possible business partner, obtaining information, or exchanging expertise.
The QS MBA Applications and Aspirations 2018 study shows just how significant a factor it is for many students by indicating that 30% of applicants listed "to create a professional network" as one of their top motivations for seeking an MBA.
Building, maintaining, and growing a solid network of business contacts will be helpful in the workplace since organisations may use this network to sustain profitability.
With the networking abilities developed during your MBA programme, will help to expand the network even further, opening up new options for collaboration, development, and learning as sector changes.
What’s Next?
Most of the time, a skill like negotiating can help you make the most of any circumstance, whereas organisational skills will help you become more proficient at managing your time both on and off the work.
A competent communicator is always seen as superior to others. At the same time, developing effective relationship management abilities may support fostering productive working partnerships.
There are undoubtedly many other abilities that employers may find valuable. Because everyone of us possesses a certain set of abilities that make us distinctive, we can each provide something special to any organisation. It's crucial to learn how to recognise one's skills and apply them effectively.
