Master of Business Administration (MBA)
From recent years, there has been seen some craze among the students to pursue MBA course and make their career in management field.
Let us introduce you to MBA course:
MBA (Master of Business Administration) is a master’s degree offered in the field of business administration. In India, this degree concentrates on the theoretical aspects of management.
This degree was originated in 20th century, in the United States when the country industrialized and companies required scientific approaches to management.
This course provides you an in-depth knowledge of traditional and non-traditional aspects of management education.
Master of Business Administration (MBA) is probably the world best known & most commonly recognized master degree.
Why study MBA?
Choice to study MBA course is purely depends upon the career goals and interest. If you are interested in management field, then Career in MBA will be the right choice for you.
MBA courses are designed to help students to formalize their ideas and look at them logically. This course is a combination of research-based curriculum with an value on real life applications.
An MBA degree offers a lucrative first-break in the business world. It opens the door to make your career in sales, marketing, finance, operations, human resources, logistics, operations & supply chain management.
The demand of MBA graduates is increasing day by day. Almost all industry sectors needed an MBA graduates for managing the work processes, strategizing & executing.
MBA graduates can start their career as Management Trainee or executive. Then, as a team leader & then assistant manager after that as a Manager.
Duration & Eligibility
Choice of right MBA programme is based on one’s career goals & ideas. The duration of a full-time MBA course is two academic years, which consists of four semesters. You can pursue MBA course, as a full-time MBA, Executive MBA, Part-time MBA and Online MBA. The MBA programme can also be pursued through Distance Learning.
In MBA programme, students have choices to choose specializations. They can choose specializations as per their choices. Some most sought specializations offered by various colleges and universities are:
- Human Resources
- Banking and Insurance
- Information Technology
- Oil & Gas
- Hospital Management
- Total Quality Management (TQM)
- Supply Chain
- Tour and Travel
- International Business
- Health Management
Students who have completed graduation in any streams such as science, arts, commerce or any other discipline are eligible for admission in MBA course. Some universities in India follow the minimum 50% criteria for admission in MBA programme. For admission in various universities, students also have to qualify the entrance examination.
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How to get admission in MBA?
Admission into MBA programmes is offered on the basis of various entrance examinations. The examinations are organized in national, state and university level. You can appear in CAT, MAT, SNAP and many other exams for admission in MBA course. The top institution of the country like IIM (Indian Institute of Management) considers the CAT score card for providing admissions.
Some popular MBA entrance exams are:
- CAT (Common Admission Test)
- MAT (Management Aptitude Test)
- CMAT (Common Management Aptitude Test)
- XAT (Xavier Aptitude Test)
- SNAP (Symbiosis National Aptitude Test)
Where to pursue MBA programme?
Here we are listing some top institutions of the country to pursue MBA courses:
- Indian Institute of Management (IIM), Ahmedabad
- Indian Institute of Management (IIM), Calcutta
- Indian Institute of Management (IIM), Bangalore
- Indian Institute of Management (IIM), Lucknow
- Indian Institute of Management (IIM), Udaipur
- XLRI – Xavier School of Management, Jamshedpur
- Faculty of Management Studies – University of Delhi, Delhi
Career & Jobs
“MBA qualified people are highly demanded in both government as well as private sector”.
After completing MBA degree, there will be a plethora of career opportunities available for you. You can get jobs in Banks, Brand & Marketing, Educational Institutions, Financial Organizations, Multinational Companies, Industrial Houses, etc.
With the impact of liberalization and privatization the need of business managers has been increased rapidly. You can also opt teaching jobs in various reputed colleges or universities.
There are lots job opportunities after an MBA, you can work in various sectors such as banking & finance, information systems management, investment banking, management consulting, data analytics, entrepreneurship, etc.
The scope of MBA in India & also in abroad is wide & very bright.
You can work in both public & private sectors.
What will be your designation after pursuing degree in MBA?
- Account Manager
- Marketing Manager
- Project Manager
- Human Resources (HR) Manager
- Management Consultant
- IT Services Marketing Head
- Chief Technology Officer
- Computer and Information Systems Manager
- Financial Manager
- Health Services Manager
- IT Manager
- Financial Advisor
- Acura Consulting
- Cognizant Business Consulting
- Deutsche Bank
- Mahindra & Mahindra
- HDFC Bank
- Boston Consulting Group
- Johnson & Johnson
- Fidelity Investments
“An MBA degree can lead you to the higher paying management positions”.
With a MBA degree you can earn an average salary between Rs.3 to 4 lacs per annum. Salary packages will depend upon your working position, sector, skills and experience in this field. MBA salary level achieved by graduates will be different in various parts of the country.
If you have done MBA from a reputed college or university, you can get an average salary between Rs.6 to 8 lacs per annum.
Books & Study Materials
Study from best books matters a lot. Here we are providing you the list of some best books to study MBA:
Inspired: How to Create Products Customers Love by Marty Cagan
The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing by Michael J. Mauboussin
Built to Last: Successful Habits of Visionary Companies by Jim Collins and Jerry I. Porras
Start Run & Grow: A Successful Small Business by Toolkit Media Group
The Business Planning Guide by David H. Bangs
Management: “The Hard Thing About Hard Things” by Ben Horowitz
Fortune At The Bottom Of The Pyramid by C.K. Prahlad
Beyond the MBA Hype: A Guide to Understanding and Surviving B-Schools by Sameer Kamat
For any other queries regarding Master of Business Administration (MBA), you can ask us by commenting below in the comment box.