MBA Experience,
Acquiring a MBA degree, can provide you with management skills and business proficiency that open new career prospects to you. Arpita Banerjee compiles various options available for MBA aspirants
In today’s fast-paced competitive world, management learning has become the need of the hour. An MBA or PGDBA course enables you to expand your horizons to get ready for the world of business for the future. Having a MBA degree on one’s resume greatly enhances the chance of getting a job with a good company.
Why an MBA?
Master of Business Administration or MBA in India is today one of the most preferred courses. The impact of privatization and liberalisation has increased the need for managers in business establishments across all the sector of the economy and those with an MBA degree from a reputed business school in India are the real beneficiaries of the changes brought by the globalization.
Career Counsellor Jayanti Ghose says, “MBA came into prominence in the early eighties with the increase in private sector jobs. It became a prominent education choice for engineers who could not find enough well-paid jobs or those who were not moving to the civil services. Today, it is a coveted degree because it leads to the highest paid jobs especially from the prominent business schools, and money always attracts.”
Choose your pick
When applying to business school, it is very important to know the different types of MBA programs available. Below are the alternatives you may be interested in.
DISTANCE LEARNING MBA
Distance learning came into picture with the increasing demand of MBA degree in almost all the professional fields. The best learning methodology is obviously online education as this will not hamper of disturb an individual’s present occupation.
EXECUTIVE MBA
The Executive MBA, commonly referred to as the EMBA, is designed specifically to enhance the careers o working business professionals and managers as well as executives.
ONLINE MBA
The main advantage o the online MBA courses is that candidates can get all the study materials without going to an institute. Moreover, most of the organizations providing online MBA courses in India make it a point to provide regular classes, which the students can attend from the comfort of their home.
TWO-YEAR MBA
A typical two-year MBA programs typically consist of four semesters. The classes are taken over the course of two academic years. Most students will take a three to four month internship between academic years.
PART-TIME MBA
Part time MBA courses can also be used s a means of changing one’s career or to accelerate the existing career. Having a part time MBA degree under one’s belt, increase job opportunities manifold. Compared to a full time program of two years, normally a part time MBA program takes three to five years depending upon institution and course.
Getting ready
Here are some tips to prepare on important aspects:
(a) Quantitative Aptitude: A candidate seeking admission to MBA programme is expected to have aptitude for basic and elementary accounting as well as the knack of solving the simple arithmetic problems.
(b) Logical Reasoning: There could be questions on series of words and figures, arrangement of alphabets, brain teasers or even such questions as only all for drawing logical inferences.
(c) Comprehension Test: It is aimed at gauging the understanding of English language by the candidates.
(d) General Awareness: It aims to judge the knowledge of the candidates.
Scope of MBA
The scope for a MBA graduate is unparalleled. Apart from attractive pay packets and placements being offered at college-level itself, it opens doors to various sectoral opportunities. The Indian Corporate world has seen many MBA professionals occupying top slots in the corporate ladder.
Reality Bytes
Jayanti Ghose provide some facts which MBA aspirants must consider:
Not all business schools offering MBA can help them to get into the jobs / organisations offering newsworthy salaries
The cost-to-company salary packages don’t translate to the same amount of cash divided by 12, and since the components (future payments included with conditionalities like duration of service, etc.) are not spelt out.
Even in a reputed business school, there is a wide difference between the highest salary and the lowest among the accepted offers on campus.
Those who switch to MBA from other professional areas such as engineering, medicine, sciences, etc., should not expect either academic background to have a direct role in the nature of job. Hence, an engineering graduate shouldn’t expect to do an engineering job after MBA or the biotech graduate to essay a scientific role after MBA.
While the minimum eligibility criterion of 50% is more or less universal, merely clearing that is no guarantee of admission into a reputed b-school even after exceptionally high scores in the relevant management entrance test scores. Most business schools today set minimum cut off marks secured at class 10th, class 12tj and graduation also while shortlisting applicants for group discussion and interview, and not just on the basis of the percentile/score of the management entrance test (CAT/XAT/MAT) etc
Acquiring a MBA degree, can provide you with management skills and business proficiency that open new career prospects to you. Arpita Banerjee compiles various options available for MBA aspirants
In today’s fast-paced competitive world, management learning has become the need of the hour. An MBA or PGDBA course enables you to expand your horizons to get ready for the world of business for the future. Having a MBA degree on one’s resume greatly enhances the chance of getting a job with a good company.
Why an MBA?
Master of Business Administration or MBA in India is today one of the most preferred courses. The impact of privatization and liberalisation has increased the need for managers in business establishments across all the sector of the economy and those with an MBA degree from a reputed business school in India are the real beneficiaries of the changes brought by the globalization.
Career Counsellor Jayanti Ghose says, “MBA came into prominence in the early eighties with the increase in private sector jobs. It became a prominent education choice for engineers who could not find enough well-paid jobs or those who were not moving to the civil services. Today, it is a coveted degree because it leads to the highest paid jobs especially from the prominent business schools, and money always attracts.”
Choose your pick
When applying to business school, it is very important to know the different types of MBA programs available. Below are the alternatives you may be interested in.
DISTANCE LEARNING MBA
Distance learning came into picture with the increasing demand of MBA degree in almost all the professional fields. The best learning methodology is obviously online education as this will not hamper of disturb an individual’s present occupation.
EXECUTIVE MBA
The Executive MBA, commonly referred to as the EMBA, is designed specifically to enhance the careers o working business professionals and managers as well as executives.
ONLINE MBA
The main advantage o the online MBA courses is that candidates can get all the study materials without going to an institute. Moreover, most of the organizations providing online MBA courses in India make it a point to provide regular classes, which the students can attend from the comfort of their home.
TWO-YEAR MBA
A typical two-year MBA programs typically consist of four semesters. The classes are taken over the course of two academic years. Most students will take a three to four month internship between academic years.
PART-TIME MBA
Part time MBA courses can also be used s a means of changing one’s career or to accelerate the existing career. Having a part time MBA degree under one’s belt, increase job opportunities manifold. Compared to a full time program of two years, normally a part time MBA program takes three to five years depending upon institution and course.
Getting ready
Here are some tips to prepare on important aspects:
(a) Quantitative Aptitude: A candidate seeking admission to MBA programme is expected to have aptitude for basic and elementary accounting as well as the knack of solving the simple arithmetic problems.
(b) Logical Reasoning: There could be questions on series of words and figures, arrangement of alphabets, brain teasers or even such questions as only all for drawing logical inferences.
(c) Comprehension Test: It is aimed at gauging the understanding of English language by the candidates.
(d) General Awareness: It aims to judge the knowledge of the candidates.
Scope of MBA
The scope for a MBA graduate is unparalleled. Apart from attractive pay packets and placements being offered at college-level itself, it opens doors to various sectoral opportunities. The Indian Corporate world has seen many MBA professionals occupying top slots in the corporate ladder.
Reality Bytes
Jayanti Ghose provide some facts which MBA aspirants must consider:
Not all business schools offering MBA can help them to get into the jobs / organisations offering newsworthy salaries
The cost-to-company salary packages don’t translate to the same amount of cash divided by 12, and since the components (future payments included with conditionalities like duration of service, etc.) are not spelt out.
Even in a reputed business school, there is a wide difference between the highest salary and the lowest among the accepted offers on campus.
Those who switch to MBA from other professional areas such as engineering, medicine, sciences, etc., should not expect either academic background to have a direct role in the nature of job. Hence, an engineering graduate shouldn’t expect to do an engineering job after MBA or the biotech graduate to essay a scientific role after MBA.
While the minimum eligibility criterion of 50% is more or less universal, merely clearing that is no guarantee of admission into a reputed b-school even after exceptionally high scores in the relevant management entrance test scores. Most business schools today set minimum cut off marks secured at class 10th, class 12tj and graduation also while shortlisting applicants for group discussion and interview, and not just on the basis of the percentile/score of the management entrance test (CAT/XAT/MAT) etc
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