The Public sector employees in India, such as those working for companies such as ONGC, BPCL, GAIL, SBI, or Indian Railways, often look to refresh their career through an MBA abroad. Here is what they should keep in mind:
- The public sector in India is highly competitive, and an MBA from a top school can give you the edge you need to succeed.
- An MBA abroad will also give you the opportunity to learn from some of the best minds in the world and gain exposure to new ideas and perspectives.
- An MBA can be a great way to make a career switch, and many public sector employees use it to move into private sector jobs abroad, which can be much more lucrative than the ones in India.
- The cost of an MBA abroad can be a barrier for some public sector employees, but there are many scholarships and financial aid options available.
- Public sector employees in India often have a great deal of experience and knowledge to offer MBA programs, and they are highly sought-after by top business schools.
Before you get into thinking about an MBA abroad as a PSU employee, though, keep the following in mind.
The first thing that needs to be kept in mind before going abroad is the cost of education. The cost of education differs from one country to another. For example, the cost of education in the USA is much higher than in other countries due to the higher cost of living. In addition, scholarships are not guaranteed in the USA or the UK.
Therefore, it is important to research the cost of education in the country you are planning to study in. Additionally, you should look into ways to reduce the cost of education, such as scholarships and grants. Finally, you should make sure you have the financial resources available to cover the cost of your education.
Next, think about your financial considerations while choosing an MBA programme abroad. You will require some extra money for living expenses while pursuing an MBA abroad, so that you can spend time with your studies and not worry about day-to-day issues related to earning a living. Make sure you have a budget for your accommodation, food, travel and other necessary expenses, so that you can focus on your studies and not worry about money.
When choosing an MBA abroad, another important factor to consider is the availability of job opportunities after completing your course. Remember, schools abroad often don’t have much information about the PSUs you have worked in, and this lack of knowledge extends to potential employers as well. As a result, you will need to be able to demonstrate a strong set of transferable skills that will be relevant to the program and job you are applying for.
The MBA for PSU professionals – profile advantages
As a public sector employee from India, you bring a wealth of advantages to the MBA application process. These include extensive experience working on large projects, leading large teams, and dealing with a cross-section of vendors and suppliers. You also have a deep understanding of how public sector organizations work in India. This is an excellent asset when applying for an MBA program in the US or another region abroad. Your intimate knowledge of the public sector in India will give you a leg up in the application process, and your experience leading large teams will be a valuable asset to any MBA program.
In addition to these soft skills, you also have a track record of being able to manage resources efficiently. This is important because as an MBA student, you will be expected to manage your time and use it effectively. You will be expected to juggle multiple tasks and projects simultaneously, and being able to operate effectively under pressure is a key skill for success in an MBA programme.
You have also worked with large teams across different geographies and cultures in your previous roles at PSU companies. These experiences will help you develop leadership skills that can be applied straightaway in an MBA programme. You will be able to hit the ground running in terms of team management, and your international experience will be an asset in an increasingly globalised business world.
Disadvantages of a PSU profile when applying to an MBA program
When you are a PSU employee, you usually only work in one division, though not at one place. This might create a lack of mobility and skills. In addition, you will probably only work on projects for which your area of expertise is directly relevant. This means that you need to be able to adapt quickly to new situations and take on responsibilities that may be outside your comfort zone. It also means a lower opportunity to work on cross-functional projects. You also might not have the opportunity to work on projects that are cross-functional. This can be a problem if you are trying to gain new skills or expand your knowledge base.
Often, promotions in PSUs can be time-bound, and this might mean that your growth seems slower (at least on paper) when compared to that of your peers in the private sector. You might feel like you are stuck in the same position, with no room to move up or sideways. All these factors can make it difficult for you to develop your career at the company level or even move between departments within the same company.
Things to keep in mind when applying for an MBA abroad as a PSU professional
Here are six ways you can differentiate yourself as an MBA applicant when you are an Indian public sector professional.
- Demonstrate your ability to work in a team and contribute to the collective effort towards a common goal. This is a valuable skill for an MBA applicant to have. The ability to contribute to the collective effort towards a common goal is a valuable asset in any business setting. Being a team player shows that you are willing to work together for the betterment of the company and that you have the ability to compromise and negotiate. It also demonstrates your leadership potential and your ability to take direction from others. Being a team player is a key skill for any MBA applicant.
- Demonstrate your ability to lead and manage people, teams and organisations. As a PSU employee, you have worked with people from diverse backgrounds, and probably shown inclusion in some of your work as well. This can be important as an MBA applicant. You have the ability to see the potential in people and help them reach their goals. You are a team player and have the ability to motivate and inspire people. You are also able to manage conflict and build consensus. You have the ability to see the big picture and make strategic decisions, at least for the projects you work on.
- The ability to work under pressure and complete tasks within deadlines while taking into consideration the needs of others and their expectations is something that PSU employees excel at and something that MBA programs value. This is because PSU employees are used to working in a high-pressure (though not always fast-paced) environment and are able to handle multiple tasks at once. They are also able to take into consideration the needs of others and their expectations, which makes them great team players.
- Highlight your ability to manage and lead people who are not directly under your management but who report to you or who are employed by the organisation for which you are responsible for managing them effectively. This is often true for operations managers working in remote areas, who must not only hire locals to help, but also work with regulatory authorities in that area. This is a valuable skill to have in an MBA program.
For example, PSU Operations Managers in remote areas often have to hire locals to help with the operations of the business, as well as working with regulatory authorities in the area. This can be a valuable skill to have in an MBA program, as it shows your ability to manage and lead people effectively.
- The ability to generate new ideas, solutions, initiatives or products that will have a positive impact on the strategic plan of the organisation is critical for success. This requires creativity, innovation and a forward-thinking mindset. It is also important to be able to effectively communicate these ideas to key decision-makers and stakeholders. Those who can successfully do this will be able to make a significant contribution to the organisation and its success. Often, PSU employees, low on resources, must innovate.
- Show industry expertise and transferable skills. As a PSU professional, you have an intimate understanding of the inner workings of your industry. You can see how the industry works as a whole and how each piece fits together. You have the ability to see the big picture and the smaller details that make up the industry. This intimate knowledge gives you the ability to see patterns and trends that others may miss. It also allows you to see how your skills and experience can be transferable to other industries. This makes you a valuable asset to any company.