The education sector has increasingly been assessed for sustainability because of its significance to socio-economic development. Notably, a significant amount of private and public resources is being committed each year by different stakeholders, including students, parents, governments, institutions, teachers, researchers, etc., to pursue the necessary qualifications and skills to support the country’s economic development. In this regard, the sustainability approach has been reevaluated and incorporated into management education in the post-COVID era, making students search for sustainability management. This has accelerated the speed of significant changes in the dynamics that once made earning a management degree one of the top paths to a corporate career.
The emergence of new MBA fields, including Environmental Accounting, Sustainable Tourism, and Sustainable Development, results from the growing awareness of the need to save the environment. The MBA in Sustainable Management is a specialization that will enable you to help save the environment. Read on.
It is generally acknowledged that environmental issues, energy economics, and sustainability present some of the most critical concerns and exciting opportunities for businesses today. Business success in the future is primarily stated to depend on how organizations manage these concerns and connect themselves with the requirements of society and the environment, from climate change to energy economics. Many stakeholders, including customers, shareholders, and the government, are exerting pressure on organizations as they recognize the value of integrating sustainability into business processes. Due to this, professional managers are now needed in various sectors, including the public, commercial, and not-for-profit ones, to maintain the harmony between the three pillars of sustainability, i.e., people, planet, and profit.
MBA Sustainability Management equips graduates with the insight to lead in a resource-sensitive world amid increasing competition and concern for sustainable development. The program teaches students how to manage resources effectively and efficiently without sacrificing profitability and competitiveness to ensure long-term corporate survival.
Global organizations are undoubtedly one of the most significant driving forces for sustainability for themselves and the environment. However, one common misconception about Sustainability Management is that it promotes “green” or environmentally sound business policies. While that is true to some extent, MBA in Sustainability Management prepares graduates for much more. It is also about advocating a sustainable relationship with stakeholders through corporate social responsibility; a sustainable relationship with the planet and natural resources through environmentally friendly practices. This includes thinking about economic, environmental, and social sustainability and discovering noble ways to ensure longevity and sustainability in these contexts.
An MBA in sustainable management follows an approach that balances commercial profits with environmental sustainability. Throughout the program, various applications and strategies are employed to protect the environment without harming the corporate world. In addition, students learn to predict, monitor, and analyze various green business practices and local economic development in the functional business domains.
Sustainable management incorporates the environmental and social costs of doing business into management decisions to focus on long-term gain. With the program’s help, you can achieve success while being fiscally, socially, and environmentally responsible. Graduates can:
MBA Sustainability Management aims to familiarize students with the broad corporate and organizational management areas. Sustainability principles and concepts are discussed, such as climate change and development. Several courses are taught throughout the program. There are also several other courses that graduates can pursue.
Students are equipped with detailed sustainability topics, which helps them examine the different perspectives. The topics include climate change law, policy, & opportunity, managing sustainable organizations, environmental management & strategy, risk management, sustainable investing, and sustainable marketing, among others.
This is, in fact, precisely the same way you would gain admission to any MBA. Sustainability MBAs are, after all, primarily MBA programs that just happen to offer a concentration or specific focus area in sustainability. The admission process for most Sustainability MBA programs, including online and offline, is generally the same. A key element of admission that requires early preparation is competitive entrance exams such as the CAT, SNAP, and MAT. Many MBA programs have strict minimum CAT or MAT scores, so you’ll need the required score to get into the program you are interested in. Also, the minimum requirement for admission to the program is a three-year Bachelor’s degree (or equivalent) in any subject with at least a 60% overall grade from an accredited university.
70% of the Earth’s surface is water, though only 2.5% is fresh, and only 1% is readily accessible. This means that the direct answer to ‘what can I achieve with an MBA in sustainability management is ‘almost anything!’ With that said, students are often interested in a particular concentration with an MBA program because they are seeking a job or growth prospect in that specific subject area.
At the end of pursuing an MBA in Sustainability Management, students garner the ability to formulate, evaluate and implement crucial business strategies with core facets of finance, marketing and sustainability and have the desired competence to make ethical business decisions with social and environmental consciousness. They also gain leadership skills in a resource-sensitive world amid increasing competition and learn the tools, techniques, and frameworks for recognizing the need, challenges, and ways to approach sustainable businesses through resource optimization. Lastly, they also gain hands-on experience applying business, economic, management, legal, and sustainability concepts and practices and training in quantitative and qualitative research methods.
One of the career entry points after studying Sustainability Management is as a Sustainability Consultant. As more and more organizations incorporate sustainability thinking into their strategies, not all have teams dedicated to addressing these issues. Many organizations work with external sustainability consultants to gain insight into some of the opportunities, risks, and total costs of sustainability initiatives before truly improving their footprint. Sustainability consultants develop research methodologies, collect data on client organizations, produce detailed reports containing specific and general policy recommendations related to sustainability, conduct original research, and be a leader in possibilities. Experts in environmental policy and green business practices are the domain of sustainability consultants. They advise companies on how to reduce their environmental impact, for example, by improving production processes or finding ways to reduce the use of non-renewable energy sources.
Some of the most common sustainability-focused jobs in business include the following:
Prestige University’s MBA in Sustainability Management has been designed to ensure that students receive hands-on knowledge and learn from case studies that mimic real-life situations. In addition, the program trains students to manage complex operations within these sectors. Some of the sought-after areas for career entry or enhancement after completing this program are as follows:
An MBA focusing on sustainable management teaches students about the various aspects of sustainable development from a social science perspective. This program acquaints the students with the skills and expertise necessary to develop and evaluate strategies for managing natural resources and capital, focusing on sustainable economic development, global sustainability principles, and sustainability. In addition, it is designed to teach students about possible innovation and design economics. Besides looking for a job, students can continue their education in the same subject by opting for a Ph.D. in Sustainable Development, Ph.D. in Business Administration, etc. Ph.D. programs in all relevant fields are available to students. Students can also start their careers after completing a management degree. Various public and private organizations are looking for management professionals to help them achieve environmental sustainability in their business practices. Those pursuing a career in this field will be entitled to an average salary of 12 to 15 lacs per annum.
MBA in Sustainability Management by Prestige University aims to develop management skills and increase competitiveness in sustainability management and its application in various business sectors and industries. Prestige University’s program provides a comprehensive understanding of all functional organizations, including operations, finance, accounting, and communications, focusing on sustainability. Students are encouraged to participate in research projects and business simulations during this challenging program to improve their leadership skills.
This specialized program helps you develop a global understanding of business know-how and teaches you how to design and apply innovative and sustainable solutions in diverse business environments. It provides the tools and techniques needed to analyze, understand and evaluate strategic decisions related to energy production, sustainability, and climate protection. The MBA program at Prestige University is open to both Indian and international students/professionals. It offers hands-on training through summer internships, industry visits, case study discussions, role-plays, simulation exercises, and corporate and other institutions. Prestige’s MBA Sustainability Management highlights include:
Whatever you decide to do, pursuing an MBA in sustainable management will lay a strong foundation for you to bring about a positive change in any organization and be a change-maker for the added value of a dynamic and innovative organizational ecosystem.