This question would be in the minds of lots of MBA aspirants. Mr Sandeep Manudhane, Founder Chairman of Indore based PT Education - an MBA test prep institute, feels that MBA programme is still a good option for the students even if there is a recession in global economy. Mr Manudhane enlightened the 150 CAT qualifiers of Common Admission Test (CAT) '08 on the topic - 'The Global Financial Meltdown', on February 01, 2009 in New Delhi.
When MBAUniverse.com asked the objective behind holding the session on global economy meltdown, Mr Manudhane said, "It is very important topic which should be discussed. The session is organized to show the real picture of global financial crisis, the changes which happened after this recession and how MBAs can face the changing scenario."
Mr Manudhane added, "Students should not let their hopes go down on joining a good MBA programme but yes, they have to change their mindsets that they will not get their returns in high salary packages after doing MBA."
Mr Manudhane feels that MBAs should treat financial meltdown is good opportunity to learn. He said, "Recession is really a very big unwanted thing, as salary packages are cutting down and companies visit at B-schools are decreasing but for MBAs it is the big opportunity of learning too."
While encouraging the students towards the role of MBAs, Mr Manudhane asked them to be the perfect managers and tackle the major problems like recession. "According to today's economic scenario, students should be multi-skilled. You should have knowledge and have to look at all areas like HR, Marketing etc even if you are in Finance area," said Mr Manudhane.
