Introduction
“Ideas are cheap. Ideas are easy. Ideas are common. Everybody has ideas. Ideas are highly, highly overvalued. Execution is all that matters.” – Casey Neistat, Tech entrepreneur
There are many ways to interpret that statement. But in the context of startups, it seems a bit obvious. Many startups are coming with different services, but only a few of them survive, and even fewer thrive and outlast all the others.
What helps successful startups stand out among their competitors is the effective execution of their ideas. And if there’s one place where individuals learn how to execute their business ideas successfully: at B-school.
So it would be safe to say that MBA graduates and startups are a match made in heaven.
Don’t believe us? Continue reading this article to know why we say that, and by the end of it, you might find yourself convinced otherwise!
Why new-age startups are looking for b-school students
Human Resource Management
For young startup entrepreneurs, it may be a completely new experience to manage a team of employees. Given that many of them are fresh graduates, they may not have had previous experience with human resource management and all that goes into the hiring process and database maintenance.
On the other hand, B-school graduates are adept at human resource management due to their strong communication and management skills. When such individuals work for a startup after MBA, they find it very easy to transition into a role that requires them to understand the needs of coworkers, manage them, and also communicate with them to get what needs to be done.
Hence, startups might find it quite handy to hire B-school graduates to ensure that employees feel heard and accommodated at the workplace and maintain employee retention.
Financial Planning
While startup founders may have a very particular skill set or a professional niche that they either excel in or have groundbreaking ideas for, many do not have a background in finance.
And planning a business is all about having a financial plan that encapsulates how much revenue your business will generate over a given period and a consequent plan for growth.
B-school students know efficient financial planning like the back of their hand; it is one of the core components of their degree. Hence, when they work for startups after MBA degrees, they find it very fulfilling to become part of the financial planning process of the entire business.
On the contrary, if they work at a big company instead of at a startup after MBA, they might have to work their way up to a certain level before they can become a part of the financial planning process. Hence, they find it quite exciting to put their financial planning and market research skills into practice soon after completing their degree by working with startups after their MBA.
Networking and Marketing
It’s one thing to build a company and another thing to market it. While startup founders can talk passionately about their inspiration behind the idea, how they plan to execute it, and their plans for its future, they might not be able to say it in layman’s terms.
B-school graduates are trained in using language that can capture the attention of their target audience as well as that of new investors.
Hence, for them to work at startups after an MBA only makes sense for both parties, with one benefitting from professionals who can quickly become their spokespersons and the other from representing the startup to a diverse range of potential investors.
Additionally, they are also great at networking and expanding the opportunities for the startup. Whether it be in a formal setting or informal setting, B-school graduates have a diverse network of professional acquaintances, proving to be an asset for startups looking to expand.
Maximize Efficiency
As mentioned earlier, startup founders often may not have a lot of previous experience managing teams of people. They may also initially have trouble figuring out how to organize the startup and create a business plan, as a big part of startup culture is to learn by experimentation.
However, experimentation can always go one of two ways. And for many small startups, it is simply not affordable for anything to go wrong.
Thereby come the B-school graduates in the picture, who are devoted to increasing efficiency in any scenario at their workplace.
To work for startups after MBA, they can quickly put in management solutions to make all the operations more streamlined and efficient. For startups, this could make a difference in cutting costs, retaining valuable employees, and, of course, the turnover.
Proactive Strategy Building
MBA grads are known to be very proactive with their plan for the business. They can identify any leakages in the efficiency pipeline.
For startup founders, this can be a blessing. Knowing this allows them to rest assured their business operations are in safe hands. They can thereby focus on the vision for the business itself and fixing the technicalities of their product.
Conclusion
If you are interested in the exciting world of startups and want to become an integral part of them by getting a Management degree, look no further than our Masters in Business Administration (MBA) Degree Program.
This 2-year online program will equip you with all the necessary skills you need to start an impressive career journey with startups and multinational companies alike. What’s more, is that you can get this degree while balancing your full-time job and won’t have to take any time off to upskill. Earn your MBA degree while stacking up your work experience!
