Factors resulting in 360-degree development of an MBA graduate into a professional

To enter the corporate world as a successful professional is the major purpose of every aspiring MBA student. However, what does professionalism actually mean and what prepares you to transform from just a “student” into a “professional”? Read on the following post to know this and much more…

Not all employees are professionals! Professionals are the employees who are always considered for challenging roles, promotions, and rewards. Climbing the ladder of success step-by-step is not that easy. It requires true professionalism.

Life from a college is entirely different from the competitive corporate scenario. Therefore, how can an MBA graduate plan to face the world outside B-school where managers will replace classmates and meetings will replace classroom lectures?

How can you develop “Professionalism”?

We all know what important role does professionalism plays in career development and therefore wish to develop this vital characteristic. For MBA professionals, professionalism becomes even more important to fit into different managerial roles.

Though MBA colleges offering courses  in various specializations prepare students to face the competitive job market, yet there is much more that you should work upon to ensure a 360-development of your career path.

There are several factors or rather “attributes” that result in a 360-degree development of an MBA graduate into a professional.

Some important attributes include:

•  Competency

Competency is one important attribute that defines a professional. These people are reliable, competent, and understand the importance of delivering work on time. Scholars see competency as a unique combination of theoretical and practical knowledge, behavior, and cognitive skills. Moreover, professionals do not make excuses and are keen on finding solutions.

• Specialized Knowledge

To become a professional, one needs a specialized knowledge in the area of his work. A commitment to develop the required skills is important to cover the path from a student life to that of a professional. Some fields such as Finance, IT, Operations, and Computer Science demand specialized knowledge.

• Integrity

It is important that as a professional, you exhibit important qualities such as integrity and honesty. Honesty for professionals means never compromising on business ethics, values, and social responsibilities. As an MBA graduate, you may have all the knowledge of business practices and presentation skills, but important attribute like humbleness is not taught by any B-school. Such qualities need to be worked upon by you to handle things that fall outside your area of expertise.

• Self-Motivation

Professionals stay self-motivated and do not work only when someone pushes them. Real professionalism comes when you are self-regulated, and meet deadlines even under huge work pressure. Managerial roles in challenging industries such as finance and banking require professionals to deal with customers where one needs to face at times irate customers without getting upset. Hence, self-motivation is an attribute that you need to develop to become a professional.

• Accountability

With every job role comes responsibilities. Accountability is an important factor that presents the real side of a professional. A manager should be accountable for every word, action, and decision. No professional escapes from a situation where he has to stand for his action and its result.

Strategies to Build Professionalism

Now when you have a clear idea of the “attributes” that constitutes professionalism, the next step is to exhibit them. It is likely that you have one or the other factor in you. All you need to do is identify the other areas where you need to improve in order to become a true professional.

Strategies to become a true professional:

• Build expertise in your industry and focus on staying up-to-date
• Focus on developing (EI) Emotional Intelligence that is important to work with people
• Keep your promises made to anyone such as colleagues, clients, or boss
• Never make excuses for any mistake and be accountable for your work
• Be punctual and plan your work

Entering into a corporate environment from a carefree life of a student may pose several challenges to you. However, these attributes can be gradually developed with practice and can help you in your career progression.

Author bio:

Swati Srivastava is an avid writer and blogger who loves to share her knowledge and ideas on a wide range of educational and career related topics. Her articles are published on various reputed websites like Shiksha.com. Follow her on Google+

A HUMBLE STEP OF GOING DOWN

                                                                         A HUMBLE STEP OF GOING DOWN

“DO YOU WISH TO RISE?BEGIN BY DESCENDING.YOU PLAN A TOWER THAT WILL PIERCE THE CLOUDS? LAY FIRST THE FOUNDATION OF HUMILITY”

                                                                                                                                                             ST.AUGUSTINE OF HIPPO.

Behind every success stories there is a humble step taken and is hardly known to the world . As the quote says if you wish to grow bigger ,  then never hesitate to go down. Ever noticed the construction of a skyscraper ? The taller the building is, the deeper the foundation would be. We always dream about the process of getting bigger, but we really miss one basic step of going deep down to set up a strong foundation to our dreams.

It is always depressing to go down .when you start going down you realise you are below the ground level which makes you think that you are inferior to everyone else .Working from depths towards your building can be real tiring that there is no light. you look around and see only darkness and nobody from outside will be able to see you or appreciate your work. But after the foundation ,the building starts to come up , first reaching the ground level and then going to reach the clouds .Now the building is able to capture all the light,everyone’s attention is on it and finally the work is appreciated.

If we are in the foundation level now with our dreams, then it is a beautiful position to be in where we can really work towards its strong building and come up as a strong structure on which the world will keep its hope .But always remember that it is those humble steps of going down which leads to giant leap….

posted by: sini christy , mini christy 
supported by:Media Rangers
MBA 2nd sem

 

HEMOPHILIA AWARENESS PROGRAM AT MARC SCHOOL OF BUSINESS.

MARC School of Business organized a session on hemophilia on 11th March 2014. Vishal, Member of Hemophilia Society, Bangalore, was the guest speaker. A young and inspiring hemophilic boy who is pursuing MCA gave an energetic presentation. This session consisted symptoms, basic care treatment and intensive treatment for Hemophilia.
What will you do, if you had a cut on your finger? In reality we don’t have to worry much about it. But, the irony is that this can be fatal for a hemophilic person. Hemophilia is a genetic disorder that impairs the body’s ability to control blood clotting or coagulation. It can be due to heredity or gene mutations. Hemophilia occurs much more in males than females. Mostly females remain as asymptotic carriers.
Hemophilia A & Hemophilia B are the most commonly occurring (due to mutations in the F8 and F9 genes of the X-chromosome(s)) conditions. This condition lowers the level of blood plasma clotting factors needed for a normal clotting process, the missing coagulation factors prevent the synthesis of fibrin, which is necessary to maintain the blood clot. On the basis of severity, hemophilia can be classified as mild moderate and severe. The treatment also goes in the same order & is very expensive and is not affordable by Indian middle class families.
Apart from physiological conditions, hemophilics also suffer from social stigma (mainly in rural areas). Therefore, the individual also suffers from psychological stress. Our government is not much interested in welfare of hemophilics. Our government is also not willing invest in R&D and to manufacture the medicines in our country. But, many NGOs are trying to get the government’s attention regarding this serious issue.
It was an info session conducted by MARC School of Business in hands with Hemophilia Society, Bangalore, to create awareness about Hemophilia and its effects.

ARTICLE BY: ARSHAD RAWTHAR
SUPPORTED BY: MEDIA RANGERS (STUDENT MEDIA TEAM AT MARC)

Bombay Stock Exchange CAPITAL MARKET TRAINING PROGRAM

(Authored by Mr.Alwin Don Sequeira – MBA 2013 Batch)

An educating session was held by Mrs.Devangi bhuptani from Avigna financial services, a partner with Bombay Stock Exchange on 26^th November 2013 at MARC SCHOOL OF BUSINESS S, Bannerghatta road, Bangalore.The session educated the students the various types of investments available and the inner meaning of investments.

She started with a quote “The current youths are the upcoming future of the country” Mrs. Devangi who has a decade of experience in investment banking, Financial Advisory Services and Financial Training was here to bring awareness and share the knowledge of financial aspects and capital markets.

WHICH IS THE BETTER WAY TO INVEST FUNDS?

WHAT IS THE FINANCIAL PLAN YOU HAVE DONE?

This question sounds easy but when this difficulty rouse it’s quite difficult to deliberate it. As a student they are not concerned on this query but when it arises they will be mixed up with various product of the mind and it leads to a problem. Very few students know the few types of investment but they are not aware of the outcomes. The different types of investments has different advantages  .As the youths are the future investors her intention was to train and enlighten about the possible ways of investment that the student can start investing even though they don’t have savings to invest. We know the investments can be made on FIXED DEPOSITS, GOLD, REAL ESTATE, MUTUAL FUNDS, BONDS and SHARE MARKETS. Because of the inflation the value of money is tumbling every day. As the inflation rate is 7-8% the interest earned on the deposits will have the same value at end. The money doesn’t gain any additional value and the amount invested on bonds doesn’t earn much income so the expert from BSE advised the youth to invest in capital markets and mutual funds. Mutual funds is also a safe type of investment where there is less returns compared to investing in share markets. Admittedly she also taught the methods of investing to earn profits. Fact is that at present Indians own only 2% of the shares in the whole share market and rest by foreign countries and it is the cause why the currency rate fluctuates when there is an issue in other countries. The objective of the Bombay stock exchange is to achieve at least 20% in the total share market by Indians by 2020. She also explained the importance of financial planning in our life and how the money can be used at different circumstances.

The students were motivated by the session and gained a wide amount of knowledge on the capital markets and equity investing. She also shared some real time experiences and some motivational facts. The valuable three hour session generated the interest in the minds of the students and it was a right time to know the facts about markets and it also instructed the minds and it educated how important the investing and financial planning in practical life.

“Effective Marketing” – An Informal session by Mr.Rajesh Iyer (Associate Professor) BRADLEY UNIVERSITY

(Authored by Mr.Arshad Rawthar – MBA 1st Semester,2013 batch)

It was an honour to have Mr Rajesh Iyer as a guest lecturer of the event organized on 25^th November 2013.Mr Rajesh Iyer is an Associate Professor (Marketing) at Bradley University in South Illinois, U.S.

It was an informal session. The topic of the session wasn’t predefined, it was an open session. All the students assembled in the gallery room. The guest speaker was introduced by Mrs.Satyadarshini Sharma, Chairperson of MARC School of Business.

He gave his valuable insights on Marketing. And then he compared American and Indian culture & scope of different specializations in MBA in the US.

He intimated about two areas in marketing – Branding & Advertisement. Branding in short means ‘Positioning’. He demystified positioning as mind games. Then he explained the characteristics of a brand loyal customer. Brand loyalty encompasses satisfaction with the product, repeated purchase, not engaging in competitor’s offers, and influencing others to buy the products of the brand.

Advertisement is a very important facet, but not necessary for an established brand. To explain this he gave an example of Budweiser Beer. The brand stopped their advertisements for three years, yet the sales did not reduce. But for start ups advertisement is consequential.

The code of conduct in the American universities and corporate is disparate from the Indian universities and corporate, he said. American universities are lenient when it comes to dress code. But he also mentioned that Americans are punctual and they follow low-context culture.

MBA students have good opportunities in the US. Candidates with specialised bachelor’s background are preferred and it is also easy for them to enter the industry.

Finally  the session was concluded by a vote of thanks by Ms.Mini Christy.

“CAMPUS TO CORPORATE” – A Guest Lecture by Mr.Sanjeev Bansal on a Student’s pathway to success .

Authored by : Mr.Arshad Rawthar (MBA 13 -15 Batch )

On November 16^th, 2013 Management Academy and Research Centre, Bangalore, had a session on ‘Campus to Corporate’ by the guest lecturer Mr Sanjeev Bansal.

The welcome speech was given by Mr Arshad Rawthar . After the welcome speech, the guest lecturer took on the dais. It was a great learning experience for the students of MARC. Mr Sanjeev’s hold on the subject was very eloquent. And his style of delivery is a great paradigm of his energetic personality.

He initiated the lecture with a loud and awakening “Good afternoon”. He started with the life events of a normal human being starting from birth, education, placements, job, marriage, children and grandchildren to graveyard. He elucidated that career is not everything. Having a great personal life is very much important than having a great career. We should learn to balance our personal and professional life.

According to him we should plan our life and live accordingly, instead of just existing. He explained this by an example of a 4 years kid playing the game of darts. Every individual should have clear goal in his life. Clarity of goals increase the probability of success. The definition of success is not same for everyone. Every individual should have his own definition of success. Lastly he concluded the lecture by giving an assignment of writing down the goals of our life that we want to achieve.

Lastly the session was concluded by a vote of thanks given by Mr. Venkat Vadulla.

B-WAR 2013 (Mock Fest at MARC School of Business)

MARC School of Business organized B-War 2013, an intra-college management fest, on September 26-27, 2013. All the college students participated with a lot of buzz and vigor.

“We wanted to kindle the spirit of entrepreneurship in the student community, we were overwhelmed with the response received” stated the organizer Hemanth.

The chief mentor for the function Mr. Satyen Sawant, assistant director of MARC School of Business spoke about the importance of the Management fest, while inaugurating the fest.

Several events, with evocative names Mr. ENTREPRENEUR, INNOVATOR ,CSR, QUIZ,TIME MANAGEMENT,SHOW OFF,FAB 3

Contests were designed to test not only the team spirit of the participants, but also facilitate communication and help foster creativity and innovation.

Participants developed product, marketing and financial plans to promote their products; the only stipulation was that the product had to be eco-friendly.

B-War13 participants presented their unique ideas and the best innovators were selected.

Mr. ENTREPRENEUR an event where the participants has been tested on his/her entrepreneur skills & abilities.

The FAB 3 was a unique event which has a combination of HR, Marketing & Finance aspects

An event which tested the abilities of the participants to complete the given tasks with the time called Time Management.

Business Quiz tested the knowledge of participants through market studies, stock market analyses and business world.

Show Off an event for the participants to show cases their Photography skills on a given topic on spot.

“The fest was informative and a memorable experience,” stated Venkat Vaddula, winner of    Mr. ENTREPRENEUR.

The winners list of the event is:

Mr. ENTREPRENEUR -Mr. Venkat Ram Reddy Vaddula.

INNOVATOR -Mr.Alwin Don and Mr.Tushar Shinde.

CSR -Mr.Arshath Rawthar and Mr.Nabjothi Gupta.

QUIZ -Mr. Venkat Ram Reddy Vaddula and Mr.Sai Hemanth Maddali.

TIME MANAGEMENT -Mr.K.P.Nagaraj and Mr.Vignesh.

SHOW OFF -Mr.R.Selva Kumar.

FAB03 – Mr. Venkat Ram Reddy Vaddula, Mr.K.P.Nagaraj and Mr.Kalyan Sinha.

The two day fest concluded with a valedictory function. The chief mentor of the function, Assistant Director Mr. Satyen Sawant, Marc School of business, addressed the gathering. The event was concluded by a delightful valedictory function.

Money is created out of thin air !

In an address to the stockholders in 1924, the Chairman of Midland Bank, Reginald McKenna said “I am afraid that the ordinary citizen will not like to be told that the banks can and do create money.And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people”.

To understand the paradigm of money, we must understand this financial jargon “fiat money”,which means that the modern money is not backed by any physical asset. In the pre-industrial period, the pound sterling literally meant a pound of sterling silver. There was only so much silver out of the ground, it was something tangible and you couldn’t print silver. It was something real and one could not print any more money than there is silver or gold to back it up. The logic of today’s money is very simple, it is just a promissory note, just another bill to pay the debt. In other words,if one draws out note from his or her wallet and chew it, their appetite would not be fulfilled; or if you crumple the paper currency and throw it in the fuel tank, the car is not going to move.

Most of us believe that money is being created by government but the truth is that in the world’s economies, money is created by private corporations called BANKS through loans, mortgages and other debt. Most of us feel that banks lend out money that has been deposited by people. But the fact is that banks create money not from earnings and deposits, instead it is created directly from borrowers promise to repay. Borrower’s signature on the loan paper says that it’s an obligation to pay the bank, the amount of loan plus interest or else lose house, car or whatever assets pledged as collateral. It’s a big commitment from borrower’s side. Today, money is literally created as debt. New money is created whenever somebody takes loan from bank. As a result the total money that can be created has only one real limit the total level of debt. Economist and author Mr. Irving Fisher had once rightly pointed that “the national circulating medium is now at the mercy of loan transactions of banks, which lend not money, but promises to supply money they do not posses”.

Central banks around the world place an additional statutory limit on the creation of money by enforcing a rule known as fractional reserve requirement. It varies from country to country and from time to time. Let’s understand further about fractional reserve system and how banks make money out of thin air. The most common reserve requirement ratio is 9:1 wherein banks need to have at least  Rs.10 in the vault for every  Rs.100 money being created. Banks have 10% more on deposits than it has on loans. It’s misleading information that loans come out of deposits. This illustration will give broader idea. If a customer deposits  Rs.10 into a bank, the bank is free to loan out  Rs.90, on the premise that not everybody is going to come in and withdraw all at once. In reality, banks do not have so much money which they actually lend out. If everybody withdraws at the same time, then banks will collapse, in fact great recessions in US contained run on several banks. Former Chairman of the Federal Reserve, Marriner Stoddard Eccles was quoted saying “If there were no
debts in our money system, there wouldn’t be any money”.
This leaves us plenty of room to research, analyse and understand the nature of what really is money. Former US President, Woodrow Wilson left us with a mysterious quote that has led to several conspiracy theories on how big banks control the global economy, politics and industry. He said “Some of the biggest men in the United States, in the field of commerce and manufacture are afraid of something. They know that there is a power somewhere so organised, so subtle, so watchful, so interlocked, so complete, so pervasive that they had better not speak above their breath when they speak in condemnation of it”.

COURTESY : Sonam Rinchen, 3rd Semester MBA 

 

Company Linked MBA:The Advantage & the Uniqueness

Company Linked MBA program is the flagship academic curriculum of MARC School of Business, Bangalore. This innovative and applied curriculum structure is a brain-child of academicians associated with MARC School of Business and it has been developed as a result of extensive research work done by them. As the name suggests, this program focuses on imparting business education to students while keeping a strong industrial and corporate interface (company linked-) to facilitate practical learning of the theoretical concepts. This is first of its own kind of business curriculum in the arena of Indian management education.

MARC School of Business is an initiative of IIT & IIM alumni. The company linked MBA (shortly CL-MBA) was conceptualized and designed by these study matter experts on the basis of the skill requirement as demanded by market from an prospective employee and skill development from real-time exposure of the industry. CL-MBA emphasizes on quality training as per the Industry requirement, grounded in strong fundamentals and with a practical focus. Program design and delivery are as per industry and company requirements that set the students apart from the rest. The students are trained in student specific skills for first two semesters along with the MBA courses and assessed by the companies. Based on their performance, company will take them as trainees followed by placement. Companies are appreciating this effort as they get ready-to-employ candidates. As the students are trained from first semester itself as per the company recommendations, so they get a fair idea about their career and  company or industry they are going to  work after completion the of the MBA course. The strong network with more than 1200 companies from around the world on various sectors and industries ensure 100% placement of all the admitted students. MARC School of Business, thus, has produced a huge pool of well skilled prospective business management employees for these companies fulfilling their expectations. The course has been well appreciated and well received by these 1200 companies due to satisfactory fulfillment their human resource requirement. The teaching methodology is also in sync with the company recommendation and the methodology encompasses various task based learning methods such as daily news analysis, Case Study sessions, Corporate Lecture series, company visits, emerging business concept analysis and monitoring by experts.

As far as the MBA program is concerned, it is offered in association with University of Mysore   which is the first university in India to be assessed and accredited with a five start status in the year 2000 and re-accredited with an A+ grade by National Assessment and Accreditation Council (NAAC). MARC School of Business also offers MBA degree in association with Bharathiar University, which is ranked 2 in India and recognized by UGC, MHRD and Govt. Of India.

ABOUT MARC SCHOOL of BUSINESS

MARC Business School is India’s First & only Business School to offer Company Linked MBA program which works on company/industry recommended skills. Recently, MARC has been ranked 2nd In India (New Generation B-Schools Category)To know more about MARC B School, visit our website or follow us on Facebook , Pagalguy and Google+.