Pursuing a Master of Business Administration at TMC Academy Singapore is a strategic step for students with ambitions of career growth or entrepreneurial success. What sets the TMC Master program apart is its unique blend of a comprehensive curriculum, industry-relevant courses, and a nurturing learning environment. This distinctive combination makes it an ideal choice for students aiming to excel in their careers or embark on their entrepreneurial journey.
One compelling reason to study an MBA is the competitive edge it provides, whether students will work in an organisation or build a startup company. This advantage is particularly crucial in the current landscape, where students are not just competing with each other but also with international entrepreneurs. The recent introduction of the One-Pass Visa in Singapore for international entrepreneurs and tech experts in 2023 means students need a strong foundation and practical skills, which an MBA from TMC Academy can provide.
Given the importance of an MBA for future career prospects, why study at TMC Academy in Singapore?
Why an Master of Business Administration at TMC Academy
There are several crucial reasons for studying for an MBA.
An MBA at TMC Academy develops the skills students require to advance their careers.
One key advantage of an MBA is the development of essential skills, particularly soft skills such as communication and the ability to lead and motivate team members. The skills provided in an MBA course are not just theoretical but practical and relevant and form the foundation of a successful career for two main reasons.
The skills are transferable and applicable across all industries and fields of work, giving MBA students choices when applying for roles.
Companies want to hire people with the skills to consolidate and build the business. The skills required to build a business include strategic planning and managing people from diverse backgrounds, motivating teams, and creating healthy work environments.
Studying for an MBA provides the student with these essential skills.
An MBA at TMC Academy provides students with experiences in different industries
All the courses provided through TMC Academy have a strong industry focus through their Industry Advisory Board (IAB). This Board reviews and enhances the curriculum to ensure it remains relevant to current industry practices and emerging trends.
Studying for an MBA through TMC provides students with insights and practical training from the IAB's input and allows them to study organisations in different fields. This exposes students to different scenarios and challenges, adding depth and greater understanding to their learning.
An MBA at TMC Academy provides students with a global perspective which is essential in Singapore
Gaining an understanding of the global perspective and the interplay between local and international factors is crucial for a successful career in Singapore, given its role as an international hub, particularly in logistics.
An MBA at TMC Academy can accelerate a student’s career
Having an MBA can accelerate a person’s career. Compared to undergraduate degrees, many MBA graduates have access to leadership roles within organisations. This is because the employer expects MBA graduates to be able to offer leadership within the organisation and to assist in solving complex problems for the organisation.
An MBA at TMC Academy can build networks that are crucial in business
Students who graduate from TMC can join the TMC Alumni.
Being an alumni member gives students access to talks, events, and promotions specifically planned for Alumni members. Participating in these events helps diversify a person’s current network, which can provide opportunities and mentorship in the corporate world.
Example of how the knowledge and skills of an MBA can be applied to the Tech Start-Up Industry
Singapore is known as Asia’s emerging Silicon Valley. In 2023, early-stage emerging technology startups raised US$402 million in funding, up 59% from the US $253 million raised in 2022. The number of seed-stage deals also increased by 50% across four sectors: advanced manufacturing, agrifood and sustainability, health, and biomedical services. According to SGInnovate, these figures indicate a stronger appetite for emerging tech investments.
Singapore has intentionally worked to develop and support the start-up industry. For example, it provides one of the lowest tax rates in the region for medium-sized companies and tax exemptions for startups.
Technology, telecommunications and e-commerce are the key industries in the current startup scene, with five or six unicorns in each sector. A unicorn is a privately held startup company with a valuation of over $1 billion. The term was first coined by venture capitalist Aileen Lee in 2013. Just as unicorns are mythical creatures who are highly prized and much sought after, a startup company that achieves a valuation of over $1 billion is highly prized and sought after.
Given the growth in the startup industry, it is a potential area where graduates of the MBA who are innovative, determined, hard-working and creative can make a difference.
What skills are required of MBA graduates who work in the startup industry
To work in the startup industry, graduates need a blend of technical and soft skills.
Technical skills necessary to achieve success
The technical skills required include:
How to develop strategies in response to rapidly changing environments and conditions. In addition to developing sound strategies, graduates need sound decision-making skills that include weighing up data and trends to arrive at the best decision in the circumstances. Sound decision-making isn’t necessarily the safest decision; it is about the ability to make decisions that may include a calculated risk to improve the startup's position.
Sound decision-making is linked to another technical skill, the ability to analyse and correctly interpret data.
When developing a startup, it is also essential to accurately measure its performance and determine what adjustments must be made to keep it on the path to potentially becoming a unicorn.
These skills are taught in the following modules of the MBA program at TMC:
Strategy and Decision Making.
Practical Data Analysis for Business.
Measuring Organisational Performance and
Economic Analysis and Value.
People skills necessary to achieve success
Success in developing a successful startup isn’t just about having technical skills; it is also about having good interpersonal skills and emotional intelligence. Excellent people skills can be the difference between success and failure, particularly in small start-ups. People skills include:
Adaptability. Start-ups often require staff to be flexible as roles and responsibilities can change quickly depending on customer demand, business conditions or crises that couldn’t be foreseen.
Collaboration and team building. Working effectively in a dynamic environment in small teams requires communicating clearly and effectively and preventing irritations and personality challenges from derailing projects.
Negotiation is also an essential people skill when establishing a successful start-up. These people skills are taught in the TMC Masters program, not just in units such as Ethical and Responsible leadership [HRMMO80], but also by encouraging students to consider organisational culture and strategic change management.
Business skills necessary to succeed
Successful start-up entrepreneurs need strong business skills in addition to sound technical skills and effective people skills.
Business skills include:
The ability to develop a robust business model that will guide the start-up’s growth.
Being able to identify and meet the needs of the target market.
The ability to effectively communicate your business idea and venture to potential investors or partners.
TMC covers these skills in the following modules:
Digital Business.
Marketing Innovation.
Economic Analysis and Value; and
Enterprise in the Circular Economy Value Chain
Studying for an MBA through TMC Academy is a smart move. An MBA is a degree that keeps on giving throughout your career because it provides the foundation and framework necessary when you first start. As you progress in your career, the framework provided by the MBA assists you in assessing and making considered business decisions for a successful career.
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