7 reasons to get a management degree

3 mins readUpdated on Oct 18, 2019 19:00 IST

Importance of management degree

Not many decide on pursuing a management degree without any confusion. The dilemma on whether to choose a management degree or not will brush over you at least once before you settle into one.

Here are the seven most prominent reasons why you should get a Management Degree -

Basics of business

Any Management School would teach you the fundamentals of a business environment be it theoretically or practically. You could understand the fundamentals in a very short span of time. You will learn what a non - management degree holder does in a long span. The curriculum would be in such a way that you get the theoretical knowledge of what many experienced professionals gained in years. 

Management Skill

Needless to Say, a management skill is the base of any business. You may already be good at management. But still, the process of acquiring a management degree exposes you to a practical business environment through group discussion, internships, exposure to real business. This helps in learning to manage people, work as a team and align them so that everyone could work together to achieve the goal. 

Career improvement

Many companies consider management degree as one of their primary criteria while hiring for a job. Also, for the ones who seek to go to higher job positions, a management degree would be fruit on the cake. It adds to your profile, whatever be your base specialization. The management skill can be implemented in your area of specification thus improving your career prospects.

Global environment

Awareness about the global market and its culture is the key to any big business. A good business school would expose you to co-students or faculties who may be of different countries, cultures, and practices. This helps in learning the mindset and lifestyles of different people which is key to any business enthusiast. It also comes through the trips and internships in other countries.

Soft skills

A good B-school will provide you with an environment for group discussion, role-play programs, workshops, and so on which paves way to open up yourself and learn new skills. Communication Skills, interpersonal skills, problem-solving, criticism handling skills are needed to outshine in the real world.

Real business exposure

Pursuing a management degree helps you to see the practical business environment through internships, interactions with professionals, corporate meetings, industrial workshops. This gives you the practical knowledge on the real business even before you start to put it into action.

Crisis management

The curriculum of any management degree course would be filled with case studies, which gives you hands-on experience in handling crises. Learning of crisis management beforehand is needed to face a crisis in a real-time business without stress. Though theoretical knowledge alone wouldn't be sufficient to handle a real-life business crisis, still, the knowledge gained through this would help you to sort out where to start and what to consider in those tough situations.

There are a lot more reasons for someone who would love to pursue a career in Business Management to take up a Management Degree. One other underrated reason would include understanding your inner self. The Management Study is one that focuses mainly on you and your inner ideas. This gives a lot of space to understand oneself deeply. It shows you to analyse and present yourself in a way that leads to the desired goal by focusing on your strengths, weaknesses, passions, and interests. Getting a management degree would add a lot more skills to you than you would have imagined.

Read similar articles to it-

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3. Top 7 management skills that you need to develope

About Author

Dr Susen Varghese is an alumnus of Vadodara-based M S University and Mumbai-based SNDT Women’s University. She has served for a decade in senior positions in the HR department and as a branch head in the corporate sector and currently working as Director LEXICON MILE - Management Institute For Leadership And Excellence. She is also a Certified Trainer for Thomas International’s ‘Person Profile Analysis’ & ‘Human Job Analysis’. Dr. Susen is also a Life Member of the Higher Education Forum. She has studied , B.Com (Hons.), MSW, PGDHRD, Ph.D – Management (Human Resources).

 

 

 

Note : This article has been published on the basis of a press communication by the college

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Answered 4 months ago

Lexicon Management Institute of Leadership and Excellence has 4 specialised departments for different course curricula. Below given are the different faculty departments and affiliated institutions of Lexicon MILE;

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Ashwin Yadav

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Answered 4 months ago

Lexicon Management Institute of Leadership and Excellence has emerged as one of the preferred Management institutes in the Pune region. The institute provides the flagship PGDM course, as well as the internationally-collaborated courses of Global MBA and PGDM+MS in Business Analytics.

Students can ac

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Ashwin Yadav

Contributor-Level 10

Answered 4 months ago

Students seeking admissions into Lexicon Management Institute of Leadership and Excellence can visit the official website to learn about the course-specific fee details and eligibility information. As per the 2025-27 fee structure, the total tuition fees for the PGDM course is INR 10,30,000. In addi

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Ashwin Yadav

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Answered 4 months ago

Lexicon MILE has officially released the 2025 placement statistics. According to the same, over 184 companies visited the institute campus. The placement rate recorded was 97.5%, with the highest package reaching up to INR 19 LPA. The average package stood at INR 7.78 LPA.

Some of the prominent recru

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Ashwin Yadav

Contributor-Level 10

Answered 4 months ago

Lexicon MILE provides diverse courses in the Management discipline. The flagship programme is the Post Graduate Diploma in Management (PGDM) which is taught in-house. Furthermore, students with a global outlook can choose from internationally-aligned MBA/MS courses offered by University of South Wal

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Ashwin Yadav

Contributor-Level 10

Answered 9 months ago

Lexicon MILE offers two-years Post Graduate Diploma Cousre at full-time mode. The MBA level course is available across multiple speciaslisations. The PGDM specialisations are listed below:

  • PGDM in Research and Business Analytics
  • PGDM in Marketing and Human Resource Management
  • PGDM in Finance Marketing

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Manori Karan

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Answered 9 months ago

Lexicon MILE offers a total of 1320 seats for its PGDM course. The seats the distributed acorss the PGDM programmes. International Master of Business Administration (MBA) has total of 300 seats, Master in Business Administration Global also intakes 300 seats, etc. 

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Taru Taneja

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Answered 9 months ago

The Lexicon MILE Pune average package offered during the 2025 placement drive stood at INR 7.78 LPA. The Lexicon MILE Pune average package offered between 2023 and 2025 are presented below: 

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Placement Statistics (2023)

Placement Statistics (2024)

Placement Statistics (2025)

Average package

INR 8.70 LPA

INR 8.27 LPA

INR 7.78 LPA

 

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Neha Chauhan

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