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The importance of internships and experiential learning in MBA program

The importance of internships and experiential learning in MBA program
  • By SKIMT MBA
  • October 5, 2023
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The importance of internships and experiential learning in MBA program

Students need to prepare for real-time work experience once they complete their MBA course. Thus, the top business schools in Tamil Nadu make sure that internships are a part of the course to make them ready for their future career. Student involvement in internships and practical learning helps to overcome challenges, adapt to unfamiliar situations and gain resilience out of experience.

Some may feel like staying in their comfort zone and hesitate to deal with real-world situations. Therefore, they must mingle with the industries before they enter into real business. This article explains the importance of internships and how experiential learning benefits MBA graduates.

What is experiential learning?

Today MBA graduates are expected to have one project-based experiential; learning opportunity. This makes them understand their interest, and needs and set up goals for pursuing this MBA degree. This is possible when they have the opportunity to explore and get exposure to a new industry or new business. Experiential learning helps MBA students to understand the career importance, employability chances, and increased academic, professional and interpersonal skill development. Experiential learning comes in different ways in terms of learning such as,

  • Outdoor activities
  • Lectures and workshops
  • Internships
  • Service-learning
    • initiatives
  • A field trip

Students have the chance to use their knowledge in a real-world environment through experiential learning. Let’s discuss the importance of experiential learning.

Importance of experiential learning for MBA graduates:

1. You can experiment with the knowledge you gained in the classroom that applies to today’s business settings. It can be either via internships, business competitions or any other program which helps to get an idea about the concepts, strategies, and processes of real-world applications which you may learn theoretically.
  1. Experiential learning includes international business culture and how to gain experience in a new or unfamiliar business setting. Thus, colleges arrange lectures, discussions and assessments to develop social skills, gain practical knowledge and learn work ethics. Students can develop market demand skills including critical thinking skills, decision-making skills, and problem-solving skills. With a clear understanding, you are able to understand what works for the business and what doesn’t work.

3. You are able to know yourself in terms of analyzing the business, implementing ideas and gaining valuable experience. While developing key skills, you are also able to discover the area of interest and ethics to become suitable for this challenging business market. MBA graduates can learn,

  • Ability to adjust to new circumstances
  • Build confidence
  • Taking responsibility for circumstance
  • Overseeing and executing business procedures
4. Internships are one of the most well-liked forms of experiential learning since they give students a glimpse into the demands of the job and useful business experience. This is because the business landscape is changing quickly. Students have a range of options for developing their leadership skills, travelling abroad, participating in venture acceleration, attending conferences, and competing.
5. Based on the dynamics of social behaviour and their own leadership qualities, students learn to manage. They receive comprehensive evaluations as they assess their individual leadership potential. The students follow up by creating a leadership development plan that they may utilize as they advance from individual roles to management positions in their actual workplaces.
6. It is easier to construct an approach to effective collaboration with the students when they have experience working in a new and diverse team, the analysis and opportunity. The outcomes of experiential learning help through two exercises that require students to work in their newly formed teams to create and present an idea to a client.
7. The experiential approach gives the students a platform for assessing themselves as curious students, researchers, empathic people who think, and team players for comprehensive learning and knowledge of every aspect of our society. Students able to collaborate with the filed work which involves how to resolve the complex issues and conclude with the potential solutions. This will be great chance to experience the process of how to develop and implement the strategies with the new learning skills.
8. Experiential learning is authentic and pertinent to MBA students as they prepare for the challenges during and after the course. The process of gaining opportunities for a better future and the ability to implement the knowledge. Sometimes, students need to know how to learn and make better performance with previous experience and acknowledgement of practical lessons in the business. If it is achieved, then experiential learning is a success for the students.

Conclusion:

Students in the top business schools in Tamil Nadu now have more options for experiential learning because they value these experiences as highly as formal education. Experiential learning makes students more marketable for jobs and improves their ability to demonstrate their abilities to potential employers. Project formats might vary, but many colleges offer consulting assignments where students assist in resolving the operational issues of a real organization. For many students pursuing an MBA, abroad projects used to be the best parts of the course.
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