Networking within MBA colleges is crucial for students' success. It facilitates valuable connections and opens doors to opportunities in the competitive business world. According to the GMAC, over 80% of MBA graduates credit networking for advancing their careers. These connections extend beyond graduation, shaping long-term career trajectories. Research by Harvard Business Review indicates that nearly 70% of job opportunities stem from networking.
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Why is Networking in MBA Important?
Networking while you are doing an MBA is crucial for several reasons. It helps you get internship opportunities and employment opportunities, as well as gain knowledge. Students can also gain experience and valuable industry insights. Here are some reasons why you must participate in networking:
- Career Opportunities: A robust network can lead to job advancements, internships, and even employment opportunities that you would not be able to connect with otherwise. You can reach interview opportunities that are generally not announced on Linkedin.
- Knowledge Exchange: Gives exposure to unlimited networking possibilities among peers, alums, and industry stalwarts, leading to a healthy and dynamic exchange of concepts, perspectives, and best practices, fostering a compelling learning atmosphere, and fast-tracking your journey.
- Business Connections: “It is not always what you know, but who you know.” Building connections and relationships with future businesses will drive partnerships, business ideas, and entrepreneurial ventures. These are long-term connections beneficial for both parties.
- Mentorship and Guidance: Networking can connect you with mentors who can advise, guide, and coach your career.
- Personal Brand Building: Active networking helps build a personal brand and reputation within the industry, which is essential for long-term career success.
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How Does Networking in MBA Work?
An MBA program enables networking through formal and informal interactions and relevant events and helps use the university resources to enhance the same:
- Classroom Connections: Attending lectures and contributing to group projects and discussions provide students the opportunity to create relationships and collaborate with colleagues
- Alumni Networks: Joining an Alumni Network via on-campus events, mentoring, and online platforms allows you to talk to experienced professionals.
- Career Fairs and Recruitment Shows: Universities usually have a career fair and recruitment program where students meet the employers and the board members.
- Student Organizations: Engaging in business-related professional student organizations or clubs or committing time towards a part-time job or internship in an accounting, finance, or marketing firm in another way to go about Networking.
- Networking Events and Conferences: As you attend industry conferences, guest lectures, seminars, or networking events organized by your MBA program or external organizations, you get to meet influential figures and your peers.
- Harness social media & online Platforms: Use avenues like LinkedIn and university-specific networks to reach out to friends, alums, industry professionals, etc.
- Work Experience and Placements: Working part-time will give you practical experience working in your chosen career, and networking within the industry.
- Mentorship: Engaging in mentor programs to benefit from the guidance, support, and network introductions of experienced professionals.
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Joanna, University of Oxford Pratz, University of Michigan (Ross School of Business) Mishthi, Cargenie Mellon University |
When Should You Start Networking?
Your networking should start as early as possible; even before you begin the MBA program. Here is a timeline for a better understanding:
- Before the MBA: Connect with current students, alums, and faculty members. When the school has pre-MBA events, webinars, and information sessions, attend!
- Orientation and Initial Semesters: This is the time to meet your classmates, professors, and the university staff. Get involved in clubs and student groups as soon as possible.
- During the MBA Program: Regularly attend networking events, industry conferences, and guest lectures. Group Create Activities and social events within the class to create and build relationships with classmates.
- Internships and practical experiences: Be on your network during internships, work placements, and consulting projects. Get to know your coworkers and your bosses.
- Junior/ Senior Year and Beyond: Continually grow your network as graduation looms. Contact alumni, network at career fairs, and talk to professionals in the industry.
Stating networking early helps you build a diverse network as you will be covered during and post-MBA.
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How to Build a Strong Network During an MBA?
An MBA is a professional degree that allows you to form robust networks. Be it through college groups or professional settings, you gain exposure to many work opportunities and communities through networking. Unlike India, there are no placement rules in foreign universities. However, the universities organize regular job fairs, workshops, and networking events, where you can find the best fit for you.
Some ways to build a strong network during an MBA are:
- Join Clubs and Organizations: Join student organizations and professional groups. Accept and seek out opportunities for leadership to broaden your exposure and impact.
- Attend Networking Events: Attend networking events, recruitments on campus, and industry talks. Participate in guest lectures, seminars, and workshops to interact with industry leaders.
- Take Advantage of University Resources: Attend career events for networking, resume writing, and interview skills and use Career Services to help! Formal alum programs and social media platforms, like LinkedIn, can be used to communicate with alum networks.
- Team-building Activities: Participating in team-building activities or icebreaker exercises at the beginning of the semester helps break the ice and facilitates networking among classmates.
- Guest Lectures and Workshops: Events such as guest lectures and workshops provide opportunities for students to learn from industry experts and gain valuable insights into current trends and best practices.
- Job Portals: Networking on social media networks is a vital aspect of professional development for MBA students. Platforms like LinkedIn, Indeed, and Monster.com offer unparalleled opportunities to connect with industry professionals, alumni, and potential employers. MBA students can expand their professional network and access valuable career opportunities by actively engaging in discussions, sharing insights, and joining relevant groups.
Networking in MBA is a vital component of the academic experience. It allows you to connect, collaborate, and learn from your peers. Students come from diverse backgrounds and industries in these environments, offering unique perspectives and insights.
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From the Desk of Yocket
In conclusion, networking is the lifeblood of success in MBA programs, offering many opportunities for personal and professional growth. Whether through classroom interactions, student clubs, alumni connections, employer engagements, or social media platforms, the power of networking cannot be overstated in shaping the trajectory of MBA students' careers.
Networking is essential to one’s career, and you can do that by studying at a top school abroad. Yocket Premium is your ultimate ally in achieving this goal. With a proven track record of assisting thousands of students, Yocket’s premium services offer personalized guidance tailored to your needs. From selecting the right university to navigating the application process and securing scholarships, our expert support ensures a smooth journey toward your MBA dream. Don't miss out on valuable insights and assistance – unlock your potential with Yocket Premium today!
