- Posted December 10, 2013 by
MBA Degree and the Science of Management
However, it is important to state here that with job market undergoing saturation with individuals passing with masters in business administration, the perception regarding whether these people passing out from universities really do possess the core managerial skills that are required for proper and sustainable organizational development and growth? This is one question that today makes headlines in the managerial departments of any organization who plan to hire an MBA from a prestigious university. Their core objective remains registering figures at the end of the year that provides a proper and stable position to the organization in terms of the revenue it generates and the profit it makes.
One of the reasons due to which companies have failed in producing proper and iconic leaders is primarily because they are relying too much on fresh talent and not providing an equal play of opportunity to the experienced ones. When an individual who received his degree from an institute like London School of Economics, Stanford or Harvard is hired on a better salary package than the one who may have a degree from a mediocre institute but counterbalances it with adequate experience, naturally it will lead to a negative perception about the company as well as the institutes trying to create their own cartels and lobbies in an organization.
All professional people who have worked in different organizations and know the grounds on the basis of which a person needs to be recruited will always tell us that something like experience is completely indispensable. Hiring a fresh master and preferring it over an experienced individual is equivalent to overrating the former which is definitely not going to work in his personal as well as organizational benefit in the long run. Since the person will not be able to connect himself with the activities, operations and processes that are being followed in an organization as compared to one who has been a part of this environment before and has proper experience in the profession as well.
At the same time it is also important to consider the situation from a managerial perspective. Does the person who is being hired with a juicy salary and will enjoy the perks of a company possess necessary skills and competencies that can provide him with the space and the scope through which core managerial skills can be solved and handled? It is one of those crucial matters where a democratic opinion comes in handy rather than applying an autocratic approach.