Report on Students Understanding of Management as a Field of Study and its Contribution to their Career

Submitted By:Gunjan Bairolia-B-3 Maitri Devi-B-10 Laxmi harwani-B-16 Rajdeep Karmakar-B-21 Sharlin Kothari-B-27 Ishita Narang-B-33

INTRODUCTION:
Management studies are an important aspect that facilitates improvement of leadership qualities in the students. Management courses in different areas prepare students to face the constantly advancing corporate world and impart effective people-management skills. Management is the act of coordinating the efforts of people to accomplish desired goals and objectives using available resources efficiently and effectively thus the study of management is the most demanding and the most promising field of study. Students pursue Management study not only to enhance their career opportunities but also for some other reasons among which major reasons are an increased consolidated business network, new skill and knowledge acquisition and holistic perspective for the business world. Management study since its inception had not been in a systematic way it is, but the crisis and the situations lead it to be a formal, systematic and the most significant field of study which contributes to a much greater extent in todays world. Management is the most contributing field of study nowadays which helps students to cater a large number of industries, not on the basis of its background or domain knowledge, but on the basis of the cultivated analysis and learning processes during the management studies. Students opt for the management study not only because it provides them an immense number of opportunities in the industry but also changes the perception and their beliefs towards the life giving them the positive approach in pursuing their goals towards the life.

Purpose of this Survey:

Last few years have seen a drastic downfall in the number of students pursuing their Masters in Business Administration (MBA). More number of the colleges offering MBA Degree across the country are shutting down and closing the offering of the program along with that the institutes offering courses have many seats remaining vacant.Professional courses losing sheen in Gujarat (http://articles.timesofindia.indiatimes.com/2013-07-08/news/40442444_1_mca-colleges-mba-andmca-professional-courses ). The reason for this is found to be lower packages, quality of teaching, lower return on investments as fees are high and many more. Hence a survey needs to be conducted to study students understanding of management as a field of study and its contribution to their career .

Timeline:
07-10-2013 : Submission of proposal of the report. 09-10-2013 : Preparation of the survey form and its distribution. 12-10-2013 : Detailed study and analysis of the survey reports. 15-10-2013 : Proof reading and final corrections. 16-10-2013: Submission of final report.

Metholdology
The report would be based on the study of various research papers, survey which will be followed by discussion and proof reading. The survey form would be based on the sample size which will be 60, males, females, state University, Private University, geographical locations, first year and second year. The analysis would be based on various aspects like job satisfaction, salary package, job profile etc. which proceed further with proof reading and discussion.

Background Literature:
Opportunities for MBA
POPULARITY OF MBA QUALIFICATION Effective management is the key to success for any venture. The demand for MBA graduates keeps
growing because management provides the capability and skills to maximise individual and organizational productivity. WHY MBA AS PER THE STUDENTS? For economic gain. Getting attracted by the social group. Lack of information among youngsters. MANAGEMENT EDUCATION SCENARIO

Reputed universities and institutes Institutes by industrial houses because of surety of job. No quality education but surety of job High fees and no surety of job

PROFESSIONALS VS. MBA Entry is difficult and exit is easy in MBA where as compared to courses like CA/CS entry is easy but exit is difficult. OUTCOME OF DIFFERENT INSTITUTES Good institutes focus on case studies,professional competence,summer training,overall development of student as a manager which result in quality student compared to other institutes.

MBA AND CAREER

PERSONAL VARIABLES The personal variables that could effect career advancement are gender, educational level, academic performance, parents' educational level, parents' occupational level, parents' economic status, spouse employment, etc.

Socio-economic status may influence the career advancement depending on the ethnic status. Parents are the single most influential factor in the career development.

Family functioning i.e. parenting style and family members' interaction styles has a greater influence on career development than either family structure -size, birth order, number of parents, etc or parents' educational and occupational status. SIGNIFICANT VARIABLE IN CAREER ADVANCEMENT: There is significant relationship between professional ambition and career advancement of MBAs. There is significant relationship between need for power and career advancement of MBAs. There is significant relationship between promotion process and career advancement of MBAs. There is significant relationship between Ethnical Regional considerations and career advancement of MBAs.

MIT Sloan MBA EMPLOYMENT REPORT 2011-2012

MITs personalized approach to meeting the needs of the wide variety of firms that recruit MIT Sloan students and graduates ensures students will receive the attention they desire from MIT Sloan. Their goal is to be the school of choice for MBA hirers, and they are committed to making your recruiting experience both positive and productive. Whether the students are looking to hire one summer intern or ten full-time employees, hiring an MIT Sloan MBA for the organization is always a great investment. They conducted a survey for this and based on this we will take into consideration all the aspects into our survey study.

INTERNATIONAL JOURNAL OF BUSINESS AND MANAGEMENT

The paper is about the study which was conducted to assess the effects of MBA degree on enhancement of skills and career advancement. Study also focuses on some intervening variables for instance stress management, effective communication, time management, interpersonal skills, self confidence , and analytical skills. Business education is getting importance and growing day by day globally. Thus MBAs should have diversified competencies and students should be capable to tackle different aspects. They should posses multiple skills in management of business affairs and this study emphasizes on these capabilities which are prominent aspects of MBA degree holders. Different questions were asked for acquiring data about these enhanced skills of MBA degree holders. Different tests were applied for getting the true understanding about relationship between different variables and detail discussion about the tests and their results.

Primary Objective:

a) Students approach towards management as a field of study and its importance in todays culture. b) Management enhancing the students career and giving the direction to their life. Secondary Objectives: Skills developed thorough management studies. How important it is going to be for a students career. How it helps to fulfil their expectations. To see whether it improves the quality of life. To check whether it helps in shaping an individuals career and enhances their job profile. To see whether it helps in an individuals personality development, flexibility, openness, access to cutting edge technology and competency. Also to see whether management studies have something different to offer from other programs, it develops intellectual skills, soft skills and increase knowledge of all skills.

References:
1) The Effect of Selected Independent Variables on Career Advancement of MBAs 2) Evolution of management theory Research By:- Dr.M. Thenmozhi Professor Department of Management Studies Indian Institute of Technology Madras Chennai 3) Career Development Report By MIT Sloan for year 2011-2012 4) Perception of Factors Affecting the Quality of Higher Education: A Study on Selected Private Universities in Bangladesh By:- Dr. Md. Habibulah Senior Lecturer, Depart of Government & Political Science, Asian University of Bangladesh 5) Perceived Effects of MBA Degree on Skills Development and Career Advancement: The Case of Pakistan By:- Ayesha Saba Department of Business Studies, The University of Faisalabad, Faisalabad, Pakistan , Babak Mahmood (Corresponding author) Assistant Professor, Department of Sociology, University of Sargodha, Sargodha, Pakistan and Aroosa Khalid & Sumaira Aslam Department of Business Studies, The University of Faisalabad, Faisalabad, Pakistan