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The global pandemic has given many of us an opportunity to reassess our priorities and think about what we need most in our precious lives. When it comes to the next steps in your career, there’s never been a better time to think about where you’ll be working, what you’ll be working on, and who you’ll be working with.
For those looking to expand their options early in their careers, going back to school to earn a Masters in Business can open up any number of new opportunities in a variety of industries. You’ll develop new business skills, improve your strategic thinking, grow in confidence, and build long-term friendships as part of an influential network that will support you for the rest of your career.
You’ll also have a chance to reflect on your future goals, and have a lot of fun in the process. That’s why the CenterCourt Masters Festival Poets&Quants Hosted October 19th and 20th, Matt Symonds is an excellent opportunity to meet Fortuna Admissions Co-Founder, Program and Admissions Directors, Career Services and Alumni, and students and alumni from world-leading business schools.
“If you’re going to transition, what kind of impact do you want to make and what’s the scale of the company you want to join?” asked Alexandra Salter, director of recruitment and admissions for early career programs at London Business School. “There are many roles you can join straight from undergraduate, but graduate programs are getting more and more competitive.”
The right mix of hard business skills and soft skills
According to Maria Tsianti, Head of Career Services at ESCP Business School, “More and more companies are looking for the right hard business skills and soft skills such as complex problem solving, resilience, self-management, creativity, analytical and critical thinking.” Those are all skills that a master’s degree offers, to which Tsianti adds, “the ability to take initiative but also the ability to work well as part of a team.”
Among the variety of programs on offer, it’s easy to see why Masters in Management and Masters in Finance are popular choices.
“We live in a fast-changing and turbulent era. The demand for business education, whether for professional development or personal development, is increasing,” said Aika Bolat, program manager of the Master of Finance and Management in Frankfurt, Germany. They want to have ethical and entrepreneurial decision-making skills.”
In response to the pace of change, schools are developing a wide range of new programs. NYU Stern School of Business has launched a master’s in quantitative management, and Kim Korfman, vice dean for online education and professor of marketing at NYU Stern, explains: “To be a successful manager or leader in today’s world, we believe you have to do it. Be data savvy. What we did was take the MBA core and add analytics courses to help people become data savvy and savvy data users.
The pandemic has accelerated demand for master’s programs, said Patrick Duparc, former dean of the business school at Nazrabyev University in Kazakhstan. “Business is the science of managing very complex and dynamic processes. As companies face more complex times – technology, trade wars, pandemics, globalization, geopolitics – there is an increasing demand for professionals who know how to keep one hand in this dynamic environment.
“We may be seeing the light at the end of the tunnel with the Covid-19 pandemic,” Dupark said, “but companies have been made painfully aware of the vulnerability of our global business ecosystem.”
Master of Business graduates are in high demand.
Major corporations will definitely buy the idea of ​​recruiting Masters graduates, at the beginning of their career they want to hire individuals with strong business skills and knowledge, they will quickly adapt to the company’s culture and ways of working. These new hires arrive without any solid practices or habits from previous workplaces that new hires must undo.
The importance of such Master’s graduates is stated by Ika Bolat: “Nowadays, every manager and business analyst must think and make decisions like an entrepreneur.” As AI and other technologies become an integral part of business models, it is important to acquire the soft skills necessary to understand their impact on society.
At the Frankfurt School of Management and Finance, data analysis is an integral part of the core curriculum or is offered as a specialization in MM, while entrepreneurship and sustainability both play an equally important role as core or elective modules in all three departments of the school. MSc programs.
Master’s programs often place a strong emphasis on leadership skills and personal development. In many cases, group work exercises are an important part of courses and seminars. It helps students develop great interpersonal skills by giving them the opportunity to apply management theory to the real world of business.
Amber Overbosch, program advisor at Nierode Business University in the Netherlands, confirmed. “We have incorporated our core values ​​into the Master’s programs, focusing on personality and skill building alongside academic knowledge. Knowing how theory and practice go together, how they dare to grow, and how they interact, allows students to focus on developing their analytical skills and quickly understand large amounts of information and apply their conclusions.
The importance of real world experience
Many business schools are beginning to include practical experiences, making master’s degrees more versatile in line with the current demands of the global job market. Combined with guest lectures from leading organizations and internship opportunities, practical classes respond to the need for real-world experience for aspiring business professionals. L’Oréal and Google are among the partner companies in their efforts to identify young talent with managerial skills.
Last year, the ESCP Business School launched the L’Oréal Big Picture Project 2021, which Emily Centeno, associate director of marketing and recruitment, said: “It’s an opportunity to empower students with a live brief. Key strategic challenge solutions for the L’Oréal Group.
Ruth O’Leary, Head of Operations at Trinity Business School, agrees that the Masters in Management gives students a competitive edge. “Currently, the labor market is very strong. To ensure a competitive advantage, organizations are looking for increased diversity among new hires. They prefer graduates who are internationally educated and combine subjects such as technology, science or foreign languages ​​with the best business graduate programs.
She added that business master’s programs “provide students with in-demand skills including business awareness and knowledge, communication and leadership, as well as traditional business skills such as accounting, human resource management and marketing.”
This is shown at the Mendoza College of Business, University of Notre Dame. “Mendoza’s graduate business programs see a significant increase in experiential learning that welcomes students out of the classroom and into the real world. We provide experiential learning with the ability to help students better develop, develop and apply ever-evolving skills and to implement our mission of fostering the best in business.”
Social impact and combating climate change are high on the agenda.
Other global challenges are influencing the future of management, as Leila Gurra, vice dean of programs at Imperial College Business School, recently explained. Forbes“Societal impact and action to address climate change will be an integral part of all business school programs,” she said. Drawing on Imperial’s internationally recognized excellence in healthcare and areas such as innovation, data analytics and climate change, the business school offers a wide range of Masters, from the MSc Global Health Management to the MSc Climate Change, Management and Finance. .
For Laila Gurara, “Business schools have a significant role to play and they are working on this task.
The Master in Sustainability and Impact Management at Germany’s Mannheim Business School is another example of a Business Master’s that addresses the issues we face today and in the future, including sustainability and the global climate crisis. And Said Business School at the University of Oxford offers the option of combining a one-year MBA with a one-year MSc in Sustainability, Enterprise and the Environment as part of the Oxford 1+1 MBA programme, a unique two-year graduate experience. A specialized, one-year Master’s degree combined with an advanced, one-year MBA scope.
Expect business master’s programs to continue to evolve as the world changes. As Patrick Duparc of the Graduate School of Business at Nazarbayev University says, “Businesses adapt and so do academic institutions. In program content, we quickly see topics that help companies deal with the most painful challenges faced during the pandemic: risk management, global supply chain optimization, managing remote work and digitalization.
The world of work has never been more unpredictable and thus newly trained and newly skilled Master’s graduates have never been a more attractive asset to a company.
Subramanian Venkat, associate dean at NU GSB, said of the future: “Globally, there is a huge growth in online marketplaces as well as fintech-related jobs. We expect such developments to continue. In most markets, as countries recover from the pandemic, economic growth will follow, which should help graduate students in the next few years.
Investing in further education, developing business skills and developing an international network seems like an opportunity too good to miss.
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