"Why Time Management is Important for MBAs"
Time management is the coordination of tasks and activities to maximize the effectiveness of an individual's efforts. Essentially, the purpose of time management is enabling people to get more and better work done in less time. Most students come to business school to grow their business acumen and learn new skills in core subjects like data analysis, finance, marketing, strategy, and economics. And while the rigorous curriculum addresses all those topics, some of the most profound lessons happen after the professors are done teaching.
The business school experience itself becomes a crash course in time management.
Good time management skills help MBAs students prioritize tasks so they are able to complete school work and assignments on time. MBAs Students are able to plan ahead, set aside the time they need for projects and assignments, and make better use of that time.
Becoming better at managing time allows students to become more organized, more confident, and learn more effectively. It can also help students avoid the dreaded procrastination problem, which can be a slippery slope to stress, frustration, and poor grades.
Effective time management skills are especially important for MBAs students. As students enter college, they have to deal with more subjects, assignments, tests, and extracurricular. Good time Management skills can help keep them on track and reduce stress as they take on more work.
Importance of time management for MBAs
1. Time is limited. No matter how you slice it, there are only 24 hours in a day. That applies to you, and for MBAs who only seems able
to do half the amount of work you do. If you want to rise through the ranks, you have to acknowledge the importance of finding a way to manage this limited resource.
2. You can accomplish more with less effort. When you learn to take control of your time, you improve your ability to focus. And with
increased focus comes enhanced efficiency, because you don’t lose momentum. You’ll start to breeze through tasks more quickly (the
workday will also seem to fly by).
3. Improved decision-making ability. Whether you rely on a time-chunking technique or discover the power of list-making, you’ll soon find that a nice side benefit of good time management skills is the ability to make better decisions. When you feel pressed for time and have to make a decision, you’re more likely to jump to conclusions without fully considering every option. That leads to poor decision making. Through effective time management, you can eliminate the
pressure that comes from feeling like you don’t have enough time.
You’ll start to feel more calm and in control. When the time comes to examine options and make a decision, instead of rushing through the
process, you can take time to carefully consider each option. And when you’re able to do that, you diminish your chances of making a bad
decision.
4. Become more successful in your career. Time management is the key to success. It allows you to take control of your life rather than following the flow of others. As you accomplish more each day, make more sound decisions, and feel more in control, people notice. Leaders in your business will come to you when they need to get things done.
And that increased exposure helps put you in line for advancement opportunities.
5. Learning opportunities are everywhere. Obviously, the more you learn, the more valuable you are to your employer. And great learning opportunities are around you, if you’ve got time to stop and take advantage them. When you work more efficiently, you have that time.
You can help out with that new product launch your development team’s been working on. Volunteer to help host your company’s open house.
Even just enjoying a nice lunch with teammates in other departments can prove eye-opening. The more you learn about your company and your industry, the better your chances of making a positive impression on the C-suite.
6. Reduce stress. When you don’t have control of your time, it’s easy to end up feeling rushed and overwhelmed. And when that happens, it can be hard to figure out how long it’s going to take to complete a task. (Think of a time when you were about to miss a deadline and were frantically trying to finish the project. If someone dumped a surprise on your desk at that moment and asked you how long it would take to finish the surprise task, how could you even begin to answer their question) Once you learn how to manage your time, you no longer
subject yourself to that level of stress. Besides it being better for your health, you have a clearer picture of the demands on your time.
You’re better able to estimate how long a given task will take you to complete, and you know you can meet the deadline.
7. Free time is necessary. Everyone needs time to relax and unwind.
Unfortunately, though, many of us don’t get enough of it. Between jobs, family responsibilities, errands, and upkeep on the house and the yard, most of us are hard-pressed to find even 10 minutes to sit and do nothing. Having good time management skills helps you find that time. When you’re busy, you’re getting more done. You accumulate extra time throughout your day that you can use later to relax, unwind, and prepare for a good night’s sleep.
8. Self-discipline is valuable. When you practice good time management, you leave no room for procrastination. The better you get
at it, the more self-discipline you learn. This is a valuable skill that will begin to impact other areas of your life where a lack of discipline has kept you from achieving a goal.
Pragati Pandey
Finance Manager
Aircrews Aviation Pvt. Ltd.
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@Pragati Pandey Finance manager Aircrews Aviation Pvt. Ltd.
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