Update on: June , 2020
If you have received MBA admission and are about to enroll in one of the good B-Schools in India, a big congratulations to you! You have done a great job at cracking MBA entrance exams. Now, you have set your eyes on a bigger goal – to excel at your MBA and get set for a rewarding corporate career. You now have a few weeks or months and you want to make the best use of time to be ready for your MBA education. A good MBA program takes a lot of time, money, and effort so it is a great idea to prepare for B-school campus life in advance. This article by MBAUniverse.com experts will help you with all your Pre MBA Programs 2020 preparation requirements.
We will cover following important Pre-MBA preparations:
- Top Pre MBA courses offered Free and Online
- Pre MBA Internship
- Best Pre MBA Reading Books
- Networking and Social Media Tips
So, let us get started on Pre MBA Programs!
1. Top Pre MBA courses: Free and Online
Pre MBA Courses are short duration courses that MBA aspirants take before they join the full MBA program. These Pre MBA Courses in India are offered by different B-schools and specialized institutes on online platforms like Coursera, Udemy, Edex and others. Good news is that most of these Pre MBA courses in India are offered for free, only exam/certification costs. For example, IIM Bangalore offers these pre MBA programs on EdX platform.
Further, due to COVID-19 situation, almost all good B-schools are expected to offer the pre MBA study to the students who have been admitted/shortlisted to their program. So, make the best use of them.
Why should you do these courses, and which are the important areas? Since MBA students come from different education backgrounds, it is a good idea to study basics of following subjects, as they are the foundation of many important MBA courses like Finance, Quantitative Methods, Data Analytics etc:
a) Accounting: Understanding of key accounting concepts and ability to read income statements, balance sheets and cash flow statements will be a great advantage while doing your MBA.
b) Finance: You should try to understand basic finance concepts like:
- How to incorporate the time value of money to value assets
- Capital budgeting for a project
- Valuing a company
- Understand how a portfolio selection problem is solved
c) Math and Statistics:Getting into an MBA but unsure of your basic maths skills? All MBA programs, and in business generally require some maths, particularly on quantitative subjects such as Accounting, Economics and Finance. You must learn the fundamental business math skills needed to succeed in your MBA study. Similarly understanding of basic statistics is essential for doing an MBA successfully.
Getting your basic Maths and Statistics in shape will help you interpret data and make key decisions from data.
After getting these three core areas in place, you may also want to explore your likely MBA specialization like Marketing or Human Resource Management in some detail.
d) Advance Excel and PowerPoint: In addition to having basic understanding of Finance & Accounting, and Statistics & Maths, you must be comfortable with MS Excel and MS PowerPoint. You will need them every day of your MBA. Unfortunately, given the fast pace of the course, you will hardly find anyone teaching you the same and you are forced to learn it on your own at a time when you have numerous other deadlines to meet. Moreover, you will be blown away when you see the quality of PowerPoint presentations some of your batchmates, giving them the edge in group presentations and case study competitions. So, take time and be a pro at atleast these two applications.
Here is a list of popular and top Pre MBA programs 2020 to meet your requirements.
List of Top Free Pre MBA Courses
|Course Name||Offered by||Cost of Course|
|Accounting for Decision-Making||IIM Bangalore on EdX||Course is Free; Certification has a nominal Cost|
|Effective Business Communication||IIM Bangalore on EdX||Course is Free; Certification has a nominal Cost|
|Statistics for Business||IIM Bangalore on EdX||Course is Free; Certification has a nominal Cost|
|Pre MBA Essentials: Accounting Essentials||Imperial College London on Edx||Course is Free; Certification has a nominal Cost|
|Pre MBA Essentials: Maths Essentials||Imperial College London on Edx||Course is Free; Certification has a nominal Cost|
|Pre MBA Essentials: Finance||Imperial College London on Edx||Course is Free; Certification has a nominal Cost|
|Pre MBA Essentials: Data Analysis :||Imperial College London on Edx||Course is Free; Certification has a nominal Cost|
Harvard Pre MBA Program
Harvard Business School offers a very good but paid Pre MBA program called CORe.
|CORE Courses in Business Analytics, Economics for Managers, and Financial Accounting||Harvard Business School Online||USD 2250|
Hope this comprehensive list helps! If you don’t want to take these extensive courses, it’s perfectly fine. You must get on Youtube and search for videos on these topics, and take the best ones. Youtube videos are really helpful in introducing concepts. You can also check out the famous Dummies series of books. For example, Statistics for Dummies is a really simple book to get you started.
2. Pre MBA Internship:
Pre MBA Internship is a well-known culture in US and Europe where many companies and institutes have created intensive pre-MBA programs. Increasingly, Pre MBA students in India who don’t have prior work experience are looking for more substantial internship experiences (4-12 weeks) to get exposure to real corporate world. This helps them immensely to related theory taught at B-schools with corporate practices and earn best Pre MBA Work Experience. You should logon to platforms like Internshala and start your hunt in advance as it will provide 3-4 weeks to land a good internship and make you earn the best pre MBA work experience.
Pre MBA Internship is helpful in following ways:
- Clarity for your specialisation: Internship will be the best opportunity to test your interest area as far as your specialisation is concerned. This will help you take the decision of which subject area to specialise in, once the second year of MBA begins and the college asks you regarding the same.
- Relate theory to practice: These days, most B-Schools in India follow the Case-Study based teaching approach. Once you have the pre-requisite knowledge of the nuances of how organisations work, and how are projects handled from end to end, these classroom sessions comprising of case-studies and assignments shall present to your similar situations which you will be better equipped to handle.
- Improve your CV for Summers and Final Placements: The valuable experience that you gain through this Pre-MBA internship will come in handy while applying to organisations for Summer Internship.
So go online and apply for your Pre MBA Internship now.
3: Top Pre MBA Business and Management Books
Life at a top b-school will involve reading and understanding more than 200 pages a day. Yes, it’s true. You will be expected to ready one or two Cases (each about 30-40 pages), and a lot of reading material before classes. So, get used to a lot of reading! Reading good books before you get into the MBA program will help you immensely. Of course, a good book gives you so much learning and perspective which is always helpful. Here are the top Pre-MBA reading books on Business and Management. You may choose to read at least 4-5 if not more during your Pre-MBA phase.
- The 7 Habits of Highly Effective People, by Stephen R. Covey
One of the most important self help books of our times, 7 Habits is a must read for all MBA graduates. It will help you manage yourself more effectively. Certainly, a Pre-MBA must-read.
- Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel
In “Zero to One”, business visionary Peter Thiel shows how we can discover particular approaches to make those new things. Thiel argues for building the most significant ability that each pioneer must ace: figuring out how to have an independent mind. A must read for campus entrepreneurs.
- Connect the Dots by Rashmi Bansal
Connect the Dots is the narrative of 20 entrepreneurs without an MBA degree, who began their own endeavours and flourished. This book tells you that you needn’t to bother about an extravagant degree or a rich daddy to think ambitiously and get it going. It’s everything in your mind, your heart, your hands.
- How to Win Friends and Influence People by Dale Carnegie:
This book is one of the best Self-help books in the history of publishing. As a salesman at one point in his life, author Dale Carnegie made his sales territory the national leader for the firm he worked for. Even Warren Buffet, one of the most successful investors of the 20th century, took Carnegie’s course! Book offers simple yet very effective principles like: Criticizing others doesn’t yield anything positive, Give honest and sincere appreciation andgive people what they want, not what you want. If you haven’t read this already, make sure you read this before you go B-school. It will help create a positive network which is so important in business world.
- Thinking, Fast and Slow by Daniel Kahneman
This book instructs how human instinct fills in as a method of having a favourable position of influence. He says there are two frameworks that add to how we think. Framework 1 – being quick, programmed, and passionate – drives to having sentiments and impressions. Framework 2 is objective reasoning which is moderate and deliberate and is the explanation behind intelligent reasoning. Author pinpoints when to surrender to Framework 1 and when to exploit Framework 2.
- Good to Great by Jim Collins
Jim Collins draws out the motivation behind why a few organisations have caused it to the progress of good-to-extraordinary and others to have not. A good book to understand how management theories are formulated.
- The Partnership: The Making of Goldman Sachs (by Charles D. Ellis):
The Partnership chronicles the most significant periods in Goldman Sachs’ history and the people who assembled one of the world’s biggest investing bank giant. It is a tempting story of Goldman’s ascent under testing times of rivalry, lawful guidelines and dynamic changes in the market. If you are interested in reading management histories and finance.
- The Innovator’s Dilemma by Clayton M. Christensen
This management book about Innovation, written by Harvard Business School Professor in 1997, has since become the quintessential management book in Tech sector. The “innovator’s dilemma” is that in every company there is a “disincentive” to pursue new markets. Managers in established companies are faced with the question: “Should we make better products to make better profits or make worse profits for people that are not our customers that eat into our own margins?”. Paradoxically, this will doom companies in the long run. A must read for buddy entrepreneurs and strategy consultants.
4: Networking and Social Media Tips
B-School provides you with a great platform to network. Some of the friendships and bonds you create here will most likely last the length of your lifetime and might even culminate in professional opportunities. As such, it won’t be a bad idea to start networking with people you know are going to be a part of your batch as early as you can. There are a lot of forums provided by the Admissions Committee of various institutes who organise pre-joining meets, WhatsApp groups etc.
You should be ready with your LinkedIn Profile page that reflect following:
- Education Background
- Work Profile
- Special Interest and Achievements
- Short-term Courses you may have done
- Recommendations by your colleagues
Remember, a good LinkedIn profile will become a great asset for not just B-school life but will also help you in getting Summer Internship and Final Placements. So work on this!
The above article, reflecting upon the Pre MBA opportunities by joining Pre MBA summer programs, Pre MBA classes and getting the Pre MBA certificate after completing the best Pre MBA courses online or offline, summarises the suggestions and tips, on how and what you should do in this downtime and develop a certain degree of proficiency in your preferred areas of interest to continue with your success during the MBA/PGDM program.
While the Best Pre MBA courses will not only make good use of your time, but will also show the interview panelists and future recruiters that you have made up your mind to a certain type of profile and career, and have indeed demonstrated that interest through the Best Pre MBA courses and the Pre MBA certificate obtained by completing the courses successfully.
Finally, take out time to work on your physique and have some fun too. Also try to improve your memory power. You will need it as MBA is meant to keep you on your toes throughout the two years. So, catch some sleep and cherish your family and hobbies, while you still can!