degree-of-interest: Master of Business Administration 12 Skills Every MBA Student Needs for Success Marketing and Communications | March 20, 2023 Two MBA students using laptop while going through lecture notes at university hallway. No one ever said that earning a Master of Business Administration (MBA) would be easy, and it’s certainly not. Here are 12 skills every MBA student needs for success. If you’re like most students, you’re probably wondering, “what skills should MBA students have to succeed in this challenging academic program?” Don’t worry; we’ve got you covered. MBA Skills Taking the leap and enrolling in an MBA program is a big decision. But it’s one that can pay off handsomely, both in terms of your career and your personal life. You’ll come out of your MBA program with a well-rounded understanding of how businesses operate. An MBA will also help you to develop critical soft skills that will be useful in any field and help you to stand out in a crowded job market. An MBA can also be helpful in your personal life. For example, thinking analytically and solving problems quickly can come in handy in all sorts of situations, from planning a family vacation to fixing a leaking faucet. So, if you’re considering an MBA, rest assured that it’s a decision that can benefit you both professionally and personally. But what makes you a successful MBA student? Skills Needed for MBA Students Earning your MBA is a significant investment of time and money, so it’s important to ensure you’re getting the most out of your degree. In today’s competitive job market, employers look for more than just good grades and work experience. They want to see evidence that you have the skills to hit the ground running and contribute to their organization. So, what skills do you need to stand out from the crowd? Here are 12 essential skills every MBA student should develop: 1. Time Management MBA students have a lot on their plates. In addition to taking classes and completing assignments, they may also have jobs and other obligations. As a result, time management is an essential skill for you to develop. By learning to prioritize tasks and manage your time effectively, you can ensure you complete all your obligations without becoming overwhelmed. You can use several different time management techniques, such as creating to-do lists, scheduling time for specific tasks, and taking breaks. Experimenting with different techniques will help you find the ones that work best for you. Ultimately, mastering time management will allow you to make the most of your education and reach your full potential. 2. Initiative Initiative is the ability to identify opportunities and take action to pursue them. It is an important skill for MBA students to develop, as it can help them stand out from their peers and ultimately be successful in their careers. You can do a few key things as an MBA student to develop your initiative. Learn to be proactive and seek out new challenges, be willing to take risks and try new things, and always be on the lookout for opportunities to learn and grow. 3. Eagerness to Learn One of the most critical skills for MBA students to develop is an eagerness to learn. This means more than just being willing to sit in a classroom and listen to lectures. It means being open to new ideas, taking on new challenges, and seeking out opportunities to grow and improve. MBA programs are notoriously demanding, and students who are not willing to put in the extra effort will quickly fall behind. If you can maintain an eagerness to learn throughout your time in business school, you will be well-positioned for success both during and after graduation. 4. Networking Networking is an important skill for MBA students to develop. It can help them to build relationships with other professionals, learn about new job opportunities, and gain access to important resources. While networking can be difficult for introverted students, there are many ways to make it easy and enjoyable. For example, attending events and meetups related to their field of interest, joining professional organizations, and participating in online forums and discussion groups. With a little effort, networking can be a valuable tool for MBA students as they navigate their way through their studies and into the professional world. 5. Good Teamwork Skills Few skills are as important for MBA students as teamwork. In the business world, success often depends on the ability to work effectively with others. As a result, MBA programs place a strong emphasis on team-based learning. By working in groups, students can develop their communication, collaboration, and conflict resolution skills. In addition, they can learn how to share ideas and perspectives, and how to reach consensus on complex problems. Furthermore, team-based learning provides an opportunity for students to learn from their peers. By working with other students who have different backgrounds and experiences, you can develop a more well-rounded perspective on business. As a result, teamwork is an essential skill for MBA students to develop. 6. Strong Communication Skills MBA students need to be able to communicate effectively to succeed in their careers. This means being able to express yourself clearly and concisely, whether you are writing a report or giving a presentation. It also means being able to listen carefully and understand what others are saying. Good communication skills are essential for building relationships with clients, colleagues, and superiors. MBA students who can communicate effectively will be better able to persuade and influence others, and they will find it easier to advance in their careers. Therefore, developing strong communication skills is an important part of the MBA experience. 7. Resilience Pursuing an MBA is a major commitment, and it’s not always smooth sailing. There will be challenging classes, difficult professors, and times when you feel like you’re in over your head. That’s why it’s so important for MBA students to develop resilience – the ability to dust yourself off after a setback and keep going. Resilient students are the ones who can push through tough times and come out on the other side successfully. They don’t give up when things get hard; instead, they use their setbacks as opportunities to learn and grow. If you’re thinking about pursuing an MBA, start building your resilience now so that you can be prepared for whatever challenges come your way. 8. Critical Thinking As anyone who has ever been a student knows, there is a big difference between simply memorizing facts and being able to critically think about those facts. The latter is a much more valuable skill, as it allows students to not only understand the material they are studying but also apply it in new and innovative ways. This is especially important for MBA students, who will need to be able to think strategically to be successful in the business world. You can do a few key things to develop your critical thinking skills. First, practice identifying assumptions and challenging them. Second, learn to approach problems from multiple angles and consider all possible solutions. And third, make sure to take the time to reflect on your own thinking process and identify areas where you can improve. By developing these critical thinking skills, you will be well-prepared to succeed in the business world. 9. Creativity In the business world, creativity is often seen as a valuable commodity. Companies are always looking for employees who can think outside the box and come up with new ideas that will help them to stay ahead of the competition. For MBA students, developing creativity is essential if they want to be successful in the business world. There are several ways to do this, but one of the most effective is to take on projects that require you to think creatively. This could involve working on a team to come up with a new product or service, or it could mean coming up with an innovative marketing campaign. Whatever the project may be, you need to put your creative thinking hat on and come up with some out-of-the-box ideas. 10. Insightfulness Insightfulness is the ability to see things in a new and different way. It is the ability to understand the hidden meaning of situations and see relationships that are not obvious. Insightfulness is an important skill for MBA students to develop because it allows them to see beyond the surface of things and understand the underlying dynamics of businesses and organizations. Insightful MBA students can identify opportunities that others may not see, and they are better able to formulate strategies that take into account the complexities of the business world. In addition, insightful MBA students are better able to make well-informed decisions because they are able to understand the implications of their choices. Because of its importance, developing insightfulness should be a key goal of any MBA student. 11. Leadership Leadership is the ability to motivate and inspire others to achieve a common goal. It involves setting a vision, articulating it clearly, and then mobilizing people to achieve it. Leaders also need to be able to manage change effectively and build consensus among different stakeholders. There are numerous ways to develop leadership skills, including taking courses, participating in extracurricular activities, and working with a mentor. No matter what method you choose, developing strong leadership skills will give you a leg up in the competitive world of business. 12. Hardworking Any MBA student will tell you that one of the most important skills to develop is the ability to work hard. From managing a heavy workload to balancing school with a job and other obligations, the ability to stay focused and get things done is essential for success, not only in business school but after graduation and beyond. MBA students who can master the art of working hard will find that they are better prepared for the challenges of business school and beyond. MBA Skills Gained The skills covered in this article are essential for MBA students to develop because they will help them succeed in the business world. Critical thinking, creativity, insightfulness, leadership, and hardworking are all essential skills for anyone looking to start or advance their career in business. By developing these skills, you will be better prepared to tackle the challenges of a career in business. Earn Your MBA, Today If you are committed to developing the skills you need to succeed in business, we invite you to explore the MBA program at Carson Newman University. Unlock your potential at Carson-Newman University, an institution of higher learning that offers practical life and career skills from a Christian perspective and heritage. As a Christian, liberal arts university, we are on a mission to help each student reach their fullest potential as servant leaders, no matter what industry or field they choose to pursue. At Carson-Newman, you’ll develop and expand the skills needed to stand out in the job market. If you’re interested in learning more, connect with Carson-Newman. We’ll help you prepare for a rewarding and dynamic career. Two MBA students using laptop while going through lecture notes at university hallway.