Since infrastructure is the cornerstone in a nation’s economic development, the spending on infrastructure as a percentage of Gross Domestic Product (GDP) remains a key focus area for establishments across the world. It directly has a bearing on productivity. Better infrastructure leads to increase in connectivity and accessibility, which results in increase in employability, and consumer spending, in turn, boosting the economy. The infrastructure sector continues to attract major global players and is the largest receiver of Foreign Direct Investment (FDI) inflows. Being the second largest employer and contributor to economic activity, after the agriculture sector, infrastructure garners favourable policy initiatives including tax benefits making it a perennial growth-oriented sector with industries developing exponentially providing enormous job opportunities.
Scope of Infrastructure Management
Experts opine infrastructure sector is on an upswing, and is the next big thing to invest, signifying the boom phase is rather imminent. The infrastructure industry is a vast field, encompassing construction, transportation, energy, power, water supply, telecommunications, oil and gas, with a massive scope of infrastructure management, involving large scale mega projects, necessitating a steady intake of professionals for stewarding the rapid infrastructural development. This dynamic sector with immense potential continues to reel under a dearth of quality skill-sets and has a continuous requirement of professionals from both technical and non-technical branches with a specialization in infrastructure management. An MBA in Infrastructure Management can serve as a gateway to this burgeoning sector.
An Overview of MBA in Infrastructure Management
The promising infrastructure development outlook by government has propelled universities to provide programs in MBA in Infrastructure Management, covering core management principles as well as deep diving into specifics of Infrastructure Management. A typical MBA in Infrastructure Management program provides for ‘techno’, ‘commercial’ and ‘leadership’ skills catering to the infrastructure sector. Specifics in the program usually involve understanding infrastructure development, infrastructure enterprise management, urban, rural and social infrastructure, infrastructure insurance, laws and contracts, know-how about influencing public policy and regulatory practice in infrastructure industries, concepts and skills involved in the infrastructure service delivery. The course curriculum at the most renowned universities is designed in consultation with leading academicians and industry experts involved in the infrastructure industry, to infuse academic rigour, and to ensure that the programme is best suited to the needs of the infrastructure industry, and the quality of pass-outs meet industry expectations, possessing desired skills for securing, and advancing in job roles.
Career prospects, post MBA in Infrastructure Management, are diverse and strategic in nature, and range from Project Management, Project Marketing, Finance and Accounting Management, Facilities Management, Project Consultancy, Resource Management, Mergers and Acquisition Management and the like.
Lastly, abundant scope in infrastructure management has triggered large scale employability and opportunities abound. A specialized knowledge like MBA in Infrastructure Management is certain to ensure a firm footing in the infrastructure sector and augment a path to career progress. In a nutshell, infrastructure sector incessantly continues its upward trajectory and is at a cusp of a revolution; get equipped and competent to capitalize on the opportunity.
