Non-profit

Overview

The non-profit sector grows at an incremental pace with almost 16 countries that have now implemented the new and significant UN Handbook on Non-profit Institutions which is meant for NGOs. Now, the growth of NGOs has also started to contribute to the most of the country’s GDP, employing almost 10% of the workforce. But over the years, there are certain challenges that have also gripped this sector, a reason why the need for MBA Specialization in Non-profit Management arose. The students are taught about the fundamentals of running an NGO, management of projects, the budgetary cycles as well as monitoring and evaluation of the projects. Today more and more NGOs are looking for highly skilled individuals with clear proposition value that can have a positive impact on their NGO. The knowledge of private sector and various inter-disciplinary core courses would help the student to further grasp the skill sets. Not to forget, this specialized MBA program lets the student gain more expertise outside the corporate sector, thereby leading to incremental value addition.

Skills Needed to Excel in the Field
The MBA Specialization in Non-profit management understands that business is not always about merely looking inward but also outward, charting out ways that can have an incremental impact on the society. Thus, the course has been designed, particularly keeping the world in mind, endowing students with the necessary tools to tackle the challenging problems that confront the society, day in and day out. With the rise of social and humanitarian problems in the global economy, the need for such a specialization has grown in leaps and bounds and so has the skills needed to master it.

Following are the important skills needed to excel in the field

1. Ability to choose mission driven leadership, social marketing, entrepreneurship and sustainability
2. Understanding the fundamentals of strategic management and organizational behavior
3. Ability to grasp the basics of accounting for non-profits
4. Learning the community building methodologies
5. Understanding the basics of social justice and ethics
6. Delving into the details of statistics for business and strategic management
7. Ability to multi-task and work across different directorates
8. Understanding the different approaches to business in different NGOs of various countries
9. Desire of carving out something of your own making for value addition to the NGO
10. Understanding human resource management

These skills are multi-dimensional and have a very huge impact on the future of the NGO the student is associated with. Thus, mission driven NGOs are easier to run if you have the right set of skills practiced in totality.

Curriculum
The curriculum has been designed keeping in mind the challenges faced by NGOs on day to day basis. They are further complemented with workshops and seminars in which industry experts from the NGOs come and narrate their story. It is a great learning experience and has a higher level of motivation for students.

1. Fundraising: The course deals with the fundamentals of fund raising, grant writing, non-profit marketing, donor management, administration and promotions. As fundraising is an important part of NGOs lifecycle, helping in generating the revenues, it is important to be dealt in a holistic manner.
2. Financial Management: It deals with delving into the details of accounting systems for non-profits, taxation, internal revenue reporting guidelines and regulatory compliance.
3. Organizational Management: It deals with understanding the fundamentals of dealing with the unpaid volunteers and the core team of an NGO. It includes important aspects such as organizational behavior, strategic management and human resources management.
4. Program Development: It includes the program content development, delivery of services, program planning as well as statistical analysis and evaluation.

Potential Career Options on Graduation
The potential career options after graduation are too many in the non-profit sector. The students can opt for being Director of Strategy, Corporate Governance analyst, Portfolio Manager, Director of Corporate relations, Business Development Manager and Director of Operations. There is no dearth of appealing career choices after MBA Specialization in Non-Profit Organization. The jobs can be pursued in the government, public and private sector. So, go ahead and opt for this specialized MBA to understand the challenges faced by the non-profit sector and how it deals with it, with your own insights and critical analysis.