5 Tips To Translate Mba Learning Into Corporate Success

By Author: Education Advisor
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Have you ever wondered why the first year of an MBA program teaches you about all of an organization's departments through best teachers for CAT preparation? Why do they delve into finance, marketing, human resources, operations, law, and so on? The answer lies in the fact that a business or a company is not limited to one field of expertise. A company succeeds only when all of these functions can work together effectively and contribute to the common goal of accelerating business growth and improving operational efficiency.

We have compiled a list of five key tips to help you translate your MBA learning into corporate success:

Understand the company's business model
A siloed approach is common, especially at the entry or middle level. An MBA includes a basic understanding of all functions as well as specialization in one or two areas of business. The first thing an MBA student must learn is how their company generates revenue and profits. Income and revenues, as well as costs and expenses, as well as operating profits and margins, must all be understood. Any MBA student who understands the above will have ...
... a better chance of success than his peers.

Know about the TAM, SAM, and SOM of the company
An MBA student should ideally have a few days between being offered a job and starting at the company. They should use this time to learn more about the company's Total Addressable Market (TAM), Serviceable Addressable Market (SAM), and Serviceable Obtainable Market (SOM). A deep dive into this will provide them with more information about the company's market share and growth potential. If they are joining a publicly traded company, reading annual reports from the previous few years could be a great way for them to fully understand the company and be well prepared on day one.

Unbox and unleash yourself
It is very common for an MBA student to believe that they must limit their business activities to their area of expertise. Gaining exposure to as many areas and aspects of the company and its business as possible is a great way to ensure corporate success. Never consider it extra work. You will find use for all of your work and hours later in life, so it is best to get early exposure to all areas. Breaking free from the imaginary silos that one creates in their heads can help MBA students advance in their corporate careers.

Enhance Connections and be Curious
Networking within the organization is just as important as networking outside of the organization. Request that the heads of departments and all key personnel in the company meet with you. Interactions with them will be extremely beneficial to you. Their perspectives, ideas, and outlook will provide you with valuable insights into the business and will assist you in accelerating your own growth within the company. An MBA student must also be curious about how various aspects of business interact with one another. It is free to think like a CEO, but it will be extremely beneficial when attempting to better understand a company's business.

Be a part of community of like-minded professionals
As an MBA Finance student, you must identify communities and groups (both online and in person) with the help of your teachers for MBA Exam where finance professionals collaborate. The same is true for marketing and human resources MBA students. It is critical to stay current with industry trends and to be ahead of the curve in terms of knowledge. It can help to accelerate your growth in an organization and ensure that you are aware of industry opportunities that align with your career goals.
Is this all you need to go from being a bright MBA student to becoming a successful corporate professional? Certainly not. However, if you check the above five boxes, you will be able to keep most of your competitors at bay and become an invaluable asset to both your company and the industry.