Language of Business

Some things are really not for me ,like Accounting . The number of credits and debits just drives me crazy . Accounting or “Language of Business” as it is called, is something that us driven some of us in the class to really think again on whether MBA is the right thing for us . I am not very good at it and will never will be but like all things new it is getting pretty interesting by the day . With all this accounting and economics I am slowly beginning to understand what MBA is going to be all about . Though it is well known that businesses are more complex than what we think they are , going deeper and understanding the specifics is certainly interesting . Like the other day , we went to some finance sites and got the balance sheets and income statements of some corporations . What looked like numbers certainly made great sense when some financial ratios were calculated and interesting information drawn from those ratios about the companies , even including some forecasts . I have never even cared to maintain my personal finances leave alone analysing it , but doing it for some great companies was certainly exciting . Good if this excitement really turns into some marks and it infact did to a certain extent today . We had our first accounting test today and my marks were in the decent category . Interestingly it bust two big myths regarding an MBA at AIM here . First being an engineer certainly doesn’t put you in an advantage in an MBA as it is generally perceived . Commerce and business studies graduates are way ahead when it comes to subjects in an MBA . The number crunching which engineers are supposed to be good at doesn’t certainly account for anything . And to get into an MBA anybody has to prove their quantitative skills through the tests . That math knowledge is definitely enough and atleast I cannot see how engineers are at an advantage . Secondly , the MBA batches in AIM over the last few years have had more indians than any other nationality , even more than the Filipino themselves . That is the case with our batch too.The general myth is that Indians do much better than the others because they work hard and are very serious about their studies . And then came the test results today and all top scores were non-indians . Indians are good and they really work hard but others have various other skills and talents . Infact one thing I can visibly see in the classes is that they ask better questions than us and their answers too are very analytical . For me, this is important as learning from diversity is one of the most important takes from an International MBA . At AIM it is emphasized more than anywhere else . With the case based methodology and the studying actually happening in groups called CAN(Case Analysis Groups) , learning from others is very important and it is even better if everyone is as different as possible from the others . Having been surrounded by indian IT engineers most of my life , I am already liking the presence of Filipino psychologists , Chinese history majors , Americans PROs , Indonesian mechanical engineers and Bhutanese bankers . As of now I am loving it :))