A small island nation in the Mediterranean, Greece has been in the news for the past few days as its economy has suffered a major setback in the period of financial slowdown. The same condition prevails in many countries, as their economies are going through a difficult time; there is financial repression in almost every country in the world. The recession has done its hard work in many developed Western nations, leading to a global depression. Some hold the view that an MBA degree is of no use in a period when many large companies are suffering huge monetary losses and laying off staff due to lack of funds.
However, for a management career recession is actually a blessing in disguise as it is the right opportunity for them to use and apply everything they learned in the MBA program and show off their mantle.
An MBA program is a specialized course, which can prepare management professionals to grow and adapt to any critical situation facing the business world in times of global recession.
As part of the MBA course, students are offered a wide range of specializations in various fields like marketing, retail, finance, operations, etc. Learning different topics gives them detailed knowledge about various sectors, the possible risks and opportunities involved in it. This can help them face a difficult situation of financial downturn and take the necessary steps to get out of it.
Two years of extensive training, MBA programs equip students with the right aptitude, focus, and value system that can help them steer the company in the right direction during a critical situation.
An adverse circumstance such as monetary repression makes one assume responsibility, in addition, the training provided during the MBA prepares the future professional to fight against all odds, thus creating good managers and captains, who never abandon the sinking ship, but sail in the midst of the storm. to the earth
As part of the MBA course, the student is given a detailed insight into highly diversified aspects of the business world. Therefore, a management professional can handle multiple tasks. This is a huge advantage for a management professional as in such a dire situation where most companies are laying off additional staff to cut costs he can be an asset to the company as he can handle multiple tasks with efficiency.
An MBA degree gives insight into present and future trends and possible threats in the corporate world, it gives a clear idea of the various challenges that a management graduate might face as an executive.
The goal of the MBA course is to turn classrooms into reality, which is why students have summer internships, where students get first-hand experience of working in real-life situations, which students from other disciplines cannot do. . During this internship period, a management student learns to manage stressful conditions.