Professional Documents
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Acknowledgement:
The survey and the report prepared is an effort of a vibrant team. We sincerely acknowledge the interest shown in our survey by our teachers, friends and other people who willingly shared their opinion on the trends, they believe in. Their contribution has helped us in drawing a conclusion about why they are doing master course, what is the current market scenario for master holders and analysis of students of science background doing management course.
We specially thank our Professor Jinal Parikh for her constant encouragement and supportive ideas.
In this report we have incorporated the valuable suggestions of as many people as possible. The survey was an integral part of our report. We have also used internet for more accurate and authentic information.
The analysis was done on the basis of the statistics provided by the survey. The evaluations and the graphs are presented for better understanding. The questionnaire that was used for the survey is also enclosed.
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Table of Contents:
Sr.No.
1 2 3 4 5 6 7 8 9 10 11 12
Contents
Executive Summary Problem Definition Literature Review Approach to the problem Research Methodology Data Collection Sample Design Instruments Used Analysis Conclusion Bibliography Appendices
Page No.
IV V V X X X XI XI XII XVII XVIII XVIII
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Executive Summary:
At present, Management is a growing trend. Number of students opting for management studies is increasing. But many students who opt for management are from science background. Our main aim to do this research was to find out why they are opting for management in their masters after their graduation in science. We interviewed experts who are presently having the techno-commercial skills.
We have done our survey among 100 students from different background in their bachelor and pursuing master degree. Out of 100 students 50 were management and 50 were from their own stream. We have chosen them via convenient sampling.
Different questionnaires were given to both the streams. We asked them the main reason for opting for either Management or Science. We found that the main reason for choosing management over science was for better prospects and for better growth opportunities. They believe that the combination of science and management will help them more in their career, enhance their skills, and will broaden their vision. Most of them want to do business in future.
On the other side, the students who pursued science over management were wanted to excel in their fields and want to gain the expertise. They want to go in research field. Majority of the science students dont intend to pursue management in future. Almost all the students from both the fields are satisfied with what they are studying. Though most of science students are prefer to join management because of high demand in now a days but science is not losing its sheen to management.
Problem Definition:
More and more students who did their graduation in science field are now pursuing their masters in management instead of doing masters in their own field.
Literature Review:
These statistics depicts the percentage of students from various fields, who are presently studying in various B-schools. Here's a list of the batch profiles of some of the top B-schools across India.
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Academic background
Academic background
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Academic background
Academic background
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Academic background
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Major Functions:
Project Management of Research Projects Intellectual Property Protection (Patents) Licensing of Research Projects Financial Activities viz., budgeting, costing etc.
Project Management: Techno-Commercial department manages all the projects, which essentially implies planning for the entire project and then mapping the progress with respect to milestones. Financial Evaluation: Value of a project is determined, keeping following parameters in mind viz. prevalence of disease, existing therapy, cost of therapy probability of success/failure, cost incurred in clinical trials etc. TCM (Techno-Commercial management) has highly qualified MBA's & Science professionals having several years of experience who undertake this job. Intellectual property protection: Torrent realized this scenario long back and has a fully functional Patent Cell with Doctorates, who are looking after all aspects of Intellectual property protection. Licensing: The department is actively involved in licensing activities and has a fully functional team having member from diverse field of Management and Science. This team communicates with major International Pharmaceutical companies for licensing opportunities. Financial Activities: Techno - Commercial department also has a costing cell having a Qualified Cost - Accountant looking after different financial aspects like budgeting, costing etc.
Research Methodology:
Exploratory Research
Data Collection:
Primary data is collected through questionnaire and interview. Secondary data is collected from internet.
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Sample Design:
Non probability Sample Convenient sampling Sample size- 100
Instruments used:
Questionnaire Interview
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Analysis:
Expert Opinion:
People generally pursue management because initially they dont know what they want in their life. As they progress in their studies, they start exploring other alternatives. This is one of the main reasons why they pursue science initially and then end up taking management as they discover at a very later stage that they need managerial skills. Better jobs are the main reason for pursuing M.B.A. I truly believe that M.B.A is not an extension to any degree but it is an add-on.
We did our survey among 100 students from different backgrounds in their bachelors and pursuing master degree in management or science. Out of 100 students, 50 were doing their masters in management and 50 were doing their masters in science.
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Students who are from science background and pursuing master in their own stream
Reasons for pursuing master in their own field:
For satisfying need to know the subject more as well as the demand of competition going around ones. Because of interested in research work For increasing knowledge in particular field Interest in their own field For working with latest technology. Interest in the field To get expertise
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The demand for people with technical skills acquired after post-graduation in science field is as good as the demand for people with techno-commercial skills.
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20
15
10
demand for people with technical skills acquired after post graduation in science field is as good as the demand for people with techno-commercial skills.
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Satisfaction Level
45 40 35 30 25 20 15 10 5 0 Yes No
According to our survey around 90% people are satisfied with their stream. Those, unsatisfied with their stream, generally choose that stream because initially they dont know what they want in their life. As they progress in their studies, they start exploring other alternatives.
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Conclusion:
We found that the main reason for choosing management over science was for better prospects and for better growth opportunities. They believe that the combination of science and management will help them more in their career, enhance their skills, and will broaden their vision. On the other side, the students who pursued science over management opined that they wanted to excel in their fields and want to gain the expertise. Hence most of Science students pursue management because they feel only science will not help them. They still believe that technical as well as technocommercial skills are equally important. But they pursue it for more growth opportunities.
They still believe that technical as well as technocommercial skills are equally important. But they pursue it for more growth opportunities.
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Bibliography:
Business Research Methodology by C.R.Kothari http://www.careerlauncher.com/mba/about_mba/mba _student_profile_in_b_schools.html http://www.torrentpharma.com/dept_techno_com.php
Appendices:
Questionnaire
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