What is an MBA?
MBA is one of the most sought after courses among the students and working professionals. The Master of Business Administration (MBA) is a two-year full-time postgraduate degree that encompasses a broad range of general management and business strategies focusing on realworld problems. Pursuing an MBA program can uplift your career and gives you a lot of opportunities to increase your salary and job position. To name a few examinations which cater to MBA admission are MAT, XAT, CMAT, GMAT and NMAT. MBA acts as a gateway for senior management positions. MBA admission in India is based on a student’s academic and professional profile in addition to MBA entrance exams and GD-PI rounds. MBA degree offers plenty of job opportunities in various sectors, ranging from finance, and health to media. Because of the above reason, MBA is one of the popular courses among students and is also a commonly pursued degree after graduation. Students can appear for several national, state and university level entrance examinations for admission to an MBA degree. Students who have completed or are in the final year of their bachelor’s degree are qualified to apply for the MBA entrance examination in India. When applying for an MBA degree at a foreign university, however, you must have a minimum of three to five years of experience.
What is the full form of an MBA?
MBA is the abbreviation of Master of Business Administration degree. Students can pursue various types of MBA courses, including Online MBA programs, part-time MBA, Distance MBA, Integrated MBA, and Executive MBA. An MBA degree allows students to specialise in areas like Human Resource Management, Sales and Marketing, Business Analytics, and Information Technology Management.
Why choose MBA?
MBA programmes are popular master’s degree programmes in business, management, and commerce. The MBA programme improves professional skills and helps students build strong professional and social contacts, which can lead to more career opportunities. Top MBA programmes provide well-structured and comprehensive coursework that is tailored to the company’s objectives.
The MBA degree offers a variety of customizable specialisations that can be pursued by both undergraduates and working professionals. Graduates of tier-1 best business schools in the world, such as IIM Ahmedabad, IIM Bangalore, MDI Gurgaon, and FMS Delhi, earn roughly Rs 20 lakh per year on average. MBA positions are in high demand in corporate and business organisations. In India, earning an MBA opens the door to a myriad of job prospects.
Eligibility Criteria for MBA
MBA eligibility criteria differ by MBA college in India and are dependent on the type of MBA programme pursued. The following are some of the general eligibility criteria for all types of
MBA programmes:
B.Tech, B.Sc, BA, BBA, B.Com. are some of the most common bachelor’s degree programmes. Candidates should have a score of at least 50 per cent throughout their bachelor’s degree. (In the case of IIMs, it’s 60 per cent). Applicants must have received a minimum of 60 per cent in their class 12 final exams from an Indian recognised board. Candidates must have passed the entrance exam and meet the MBA cutoff requirements set by the MBA colleges.
Difference between MBA and PGDM
For a layman, the difference between MBA and PGDM can be a little difficult to understand. At first glance both might look the same as well in terms of curriculum and value addition, however, there are certain differences between the two. The primary distinction is that MBA is a degree and a PGDM is a Diploma course. Secondly, the PGDM programme is offered by stand-alone institutions or autonomous bodies, whereas MBA is offered by universities or colleges affiliated with universities. If we discuss the duration, an MBA programme is for two years divided into four semesters, whereas a PGDM programme can be anything between one year to two and a half years. These are the primary differences between MBA and PGDM.
What after MBA?
After securing an MBA degree, candidates can either start working as a full-time professional or pursue their own startup or higher studies. There are various companies that offer MBA jobs to candidates with appropriate skills and experience.
Option 1: After completing an MBA degree programme, candidates can start working as fulltime employees in the corporate sector with an average salary of around Rs 12 lakh per annum.
Option 2: Candidates can also choose to pursue a PhD programme in management or a related field.
Career Options after MBA
Many students take up MBA degrees in order to get a job after completing their studies. After getting an MBA, many of them find MBA job opportunities in various industries such as Human Resources, Finance, and Operations.
Manager: A manager is responsible for the management of a team, department, or organization. He or she works as a leader of a team and supervises the work of its members. Sales Manager: A sales manager is responsible for the management of all the tasks involved in the sales process. This professional is also responsible for ensuring that the targets are met and that profits are maximized.
Marketing Manager: A marketing manager is responsible for various tasks and responsibilities related to marketing such as campaigns, sales tasks, client proposals and marketing of different products.
HR Manager: A human resource manager is responsible for the management of the human resources function of an organization. His or her responsibilities include the recruitment process, employee relations, and professional dispute resolution.
