The simple answer if you ask anyone this question is, ‘it depends’. Well, if you were to ask me the same question, my answer would be ‘Yes’. A couple of years ago when I was at a crossroads in my career working on an internship after my MS, I seriously considered alternatives to further my education. I had weighed the pros and cons of a PhD and an MBA. I chose to do a PhD and thought to myself I will come back to the MBA later in my life when I had more experience and worldly wise. I am glad I made the right decision.
The reason for this post is this very interesting program that has been developed by the Business school of our University. It recognizes the need to equip students who are armed with PhDs with certain tools that may be necessary for them in their interactions with their Company Business. Here is what our Business school website states quite clearly:
“Increasing numbers of Ph.D. scientists and engineers are expressing a heightened interest in the world of business for a variety of reasons. They are: (1) Interested in the economic ramifications of their scientific output; (2) intrigued by their attractiveness to, and fit within, industry; and (3) curious if their technical knowledge is best applied in entrepreneurial start-up ventures”So our B-school in all its wisdom decided to develop a short-program exclusively designed for certain Industry people and PhD students. Here is what the website states, I did not want to paraphrase it, and hence the direct quotes:
“This program is designed for select industry participants, as well as doctoral students in science and engineering who will likely move into the private sector (rather than academe) after completion of their studies. Whether the participants find themselves in a research and development position, a technical service role, or even in sales in a company, they will likely have to deal with management issues and managers in a "for-profit" setting. Ultimately, many may assume senior management roles in their companies or start their own enterprises. In most cases, they will find that a basic understanding of the functional fundamentals of business management proves most useful”I was honored to be nominated by my Advisor and my Department for this class. Well, now the fun part. I am going to be a part of this short series which will cover the following 6 core areas:
1. Accounting
2. Human Resources Management
3. Financial Management
4. Marketing Management
5. Strategic Management
6. Entrepreneurship
The series will be short spread over duration of 2 weeks including Saturdays. It starts next Monday. The course is being coordinated by this Professor in International Finance and Business, who also happens to be an alumnus of our University. I am very excited about learning some fundamentals of Business school. If not anything else, I will know what to expect in my job when I graduate. This is a great learning opportunity and I want to make the best of it.