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To the inducting MBA students

  • Published at 07:51 pm May 28th, 2017
  • Last updated at 09:10 pm May 28th, 2017
To the inducting MBA students

Congratulations.

You are all now starting an exciting chapter in your life. You have chosen a certain path that will lead you in a specific direction.

There will be many diverging paths and a variety of journeys, but as long as you work hard and stay sincere, you will find yourselves headed towards success. However, there are certain things that you must acknowledge and look out for along the way. Things which have affected many generations, but will have a very profound impact at this point in time, and therefore, on this class -- specifically, globalisation and technology.

Globalisation is a term that has both a positive and a negative connotation, however, that mostly depends on how globalisation has directly affected you. It has employed millions in Bangladesh as Western countries look to outsource their clothing manufacturing, and now we can do so at higher volumes thanks to globalisation and technology.

However, it has also taken jobs outside of the US and placed them in countries like China and India. This has led to the current state of affairs such as the nationalist movements in Europe and the US.

Companies are demanding candidates who not only have MBAs, but who are knowledgeable about global markets, about global affairs, about what is happening in Bangladesh

In our context, it is an exceedingly positive phenomenon. As you will all become MBA graduates, many of you will flock to the corporate world. Having been a member of this specific world for many years, I have seen drastic changes in the way companies operate in Bangladesh.

Given the enhanced interface between global companies and those in Bangladesh, as well as many multinationals in our country, we are seeing companies dramatically adapt to international standards.

A great time to be working

You see many positive changes, such as more and more women in the workforce taking on managerial roles. You see younger people climbing up the ladder faster, based on their willingness to work hard and the unique values they bring to the company. You see increased regulatory requirements and issues of compliance, more and more emphasis on teamwork and knowledge-sharing.

All in all, it’s a great time to be in the work place.

However, this comes at a cost. Companies are demanding candidates who not only have MBAs, but who are knowledgeable about global markets, about global affairs, about what is happening in Bangladesh.

From all angles, they want people who are able to present and speak articulately at all times, to adapt to changing expectations and times almost instantly. All of these things require that you are always one step ahead of the game.

You have different tools that many of us did not have in the past. Think about technology today; think about how great it is that we can have the world in our phones. News, social media, YouTube, Wikipedia, Khan Academy, LinkedIn, all of these things are now making it easier for you to stay on top of your game. Don’t forget to go above and beyond.

As countries get more integrated with each other and technology takes command, we need to truly behave like a global citizen making best use of technology.

Mamun Rashid is a leading banker and economic analyst. This is the excerpt of a speech given at the MBA induction program at Southeast University, Dhaka.