An industry veteran, Dr Bajaj has rich and varied industry experience in diverse professional capacities in national and international organizations in Real Estate & Construction sectors. He is a Fellow of the coveted Royal Institution of Chartered Surveyors for the past 12 years and chairs the Assessment Panel in India & UK at RICS. Before joining RICS SBE, he has worked in project management, construction, real estate and facility management sectors of the industry. Dr Bajaj, an alumnus of MIT, Mangalore University, holds a PhD from the University of Technology Sydney, Australia and was himself an outstanding student. He is passionate about knowledge sharing and has been associated with higher education in the Built Environment sector for the past 30 years. He is an adjunct professor at SKEMA Business School, France, and Chongqing Jianzhu College, Chongqing, China. He is also an adjunct professor at RICS SBE since 2016 and regularly mentors and supervises PhD scholars and master’s degree students.
In the education sector, MBA is one of the most debated degrees in the community and amongst experts. The reasons are multifold. In the past, MBA was seen as the degree of choice as it led to an accelerated or jumpstarting career in the corporate world. There was a phase when any MBA would provide you with the start that you dreamed of. The problem is, like most things this also had a golden period until people realised that it is no more than a master class for general management and strategic management. It provides exposure to the industry, but nothing can be achieved without getting into the thick of things. There are no shortcuts to hard work.
The specialized MBA will not only help the candidates to become domain competent but will also equip them with business management skills. This combo makes them the best fit for the industry as employees and entrepreneurs. MBA helps the candidates to grow professionally much faster and makes them the preferred choice for top management and leadership positions. It also helps in expanding knowledge areas and building an entrepreneurial and professional foundation for future success. Among the top 100 CEOs in the Fortune 500, about one-third have an MBA degree. As per GMAC Recruiter Survey Report 2019, 56% of employers wanted to increase the salaries of employees with MBA degrees, this simply implies that an MBA degree helps significantly in career progression.
According to organisations such as the Princeton Review, MBA is an expensive degree but higher salaries and rapid career progression offsets this high cost. A few decades earlier, graduates used to start and end their careers in one profession but today this has changed. The degree of interest and patience have evolved as the current job market situation is more dynamic than ever before, creating a lot of uncertainty and fear of being left behind. Especially during the pandemic time, many people realised the need to change their profession is crucial. This is where an MBA degree can act as a significant asset for career transformation across different positions, industries, and geographies.
An MBA degree helps the candidate to become a strategic thinker and have more intricate skills for making better business decisions. Having an MBA degree adds credibility to your resume. An MBA degree gives opportunities for networking with various industry experts to students as they go out in the field for industry exposure and get acquainted with industry requirements and emerging trends during their study period.
MBA teaches students a lot about how white-collar jobs are performed. It is a personality development programme which incorporates a dynamic personality and a leadership role in the students, which is the most important aspect needed by industries nowadays. MBA is not only restricted to marketing and management now, but every industry also has a specialized MBA programme such as MBA in Construction Project, MBA in Construction Economics and Quantity surveying offered by institutions like the RICS School of Built Environment, Amity University, Noida. Among the many advantages of an MBA degree are a marketable skill set and increased job security, both of which may contribute to one’s peace of mind.