| Why MBA is needed into the young blood? |
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| Friday, 15 February 2008 | |
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The Master of Business Administration is an internationally standard postgraduate business degree. It is an educational in character i.e. awarded by universities but yet it stresses on practical aspects of management. In the broadest sense, the master of business administration degree represents a way of thinking, not just a set of financial skills and business knowledge. Many business positions require an MBA for advancement. For example, investment banking and management consulting firms hire large classes of newly minted MBAs each year at six-figure salaries into the "associate" level -- those without MBAs generally don't advance past the "analyst" level. At major consumer products companies like Procter & Gamble, Kraft and Colgate-Palmolive, MBAs are hired as "P.A. brand managers" into the brand management department -- those without MBAs are generally not eligible for the department. And it is from this function that these companies' senior executives are generally drawn. Information Technology is now the prime driver and enabler of business policy for many, if not most, organizations. The shear size level of investment in IT and its impact on efficiency and competitiveness demonstrates the need for MBA students – whether majoring in Marketing, Finance, Management, or other disciplines – to possess skills and knowledge inherent to the field of information systems. Among many other things, this knowledge is essential to: Choosing and assessing information systems-related investments wisely.
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| Last Updated ( Saturday, 08 March 2008 ) |
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