The landscape of business and industry is continuously evolving. Organisations are facing innovation disruptions from technology every day. The current pandemic has only pushed this into force with remote working and excessive dependence on data analytics. Therefore, it becomes essential for business leadership and management to inculcate a basic understanding of technical tools. All MBA students must hone their skills and shape their career trajectory with some basic but extremely relevant tech skills.
The new mantra of the business world is “Data is the new oil”. Certain industries are booming and data is the reason why. One of the top tech skills for management students is proficiency in analytical tools. The most basic and commonly used tool in organisations for data handling is MS Excel. Due to its widespread popularity, knowing Excel is a must these days. It is not just very easy to use but it is also logical to implement. You do not need to memorise the formulas, just build logic on the data you are conducting.
While this is not a must-have for MBA candidates, it is still an added advantage. As a manager, you will work on various projects where your deliverable will be a software interface or an app. While you will be having a team of engineers for the coding part, as a manager you cannot understand and review your deliverables unless you know the basics of the problem you are solving or the requirement your product is fulfilling.
Presentation and design
Good working knowledge of presentation tools is one of the most important tech skill for management students. Presentations are critical in the corporate setup as they are an official form of communication between a client and a business. Companies require managers to make presentations to their clients that put out their business objectives, offerings and solution to their problem. Similarly, companies need an aesthetic design for their website or social media handles to connect with their consumers.
Managers are tasked with the responsibility of setting goals and objectives on a project. They are required to facilitate cross-functional or cross-divisional team cooperation in a project. They are also expected to communicate the expectations, deliverables, limitations, etc. of one team with the other. Lastly, they communicate the technical, budgetary and other requirements of teams to the supervisors.
Managers communicate the information received from top management to the employees. They also create Minutes of the Meeting, training and staffing material, reports, etc. Managers also create reports on the internal and external process, stakeholder management, competitor analysis and project documentation.
While these are some of the top tech skills for MBA students to know to stand out from the crowd, there are others, too. We live in competitive times and every day brings in a new challenge. Today’s most important thing is to constantly update and upgrade yourself with the times to stay relevant.
Thanks for taking the time to read our blog post on the top tech skills every MBA student should have. Still thinking about which MBA programme is best for you? Take a look at our International MBA!