Introduction of Master of Business Administration (MBA)
The Master of Business Administration is an internationally recognized degree to develop the skill required for careers in business and management. An MBA is useful for those pursuing a managerial career in the public sector, government, private, industry and other areas.
The MBA is currently the most popular professional degree program in the world. Most MBA programs include a curriculum of subjects. Such as accounting, economics, marketing and operations. As well as the elective course that allows participants to follow their own professional interests.
Specifically, there are two types of management degrees available.
Master of Business Administration (MBA) -This degree 2 years offered for the candidates.
Post Graduate Diploma in Management (PGDM) -These degrees are offered by autonomous institutes like the India institute of management. This course is 1 year.
In recent times various other versions of MBA like:-
AM I A GOOD MBA CANDIDATE?
If you are thinking about doing an MBA program, you might ask you’re self “am I a good candidate?” Of course, the answer depends on their disciplined and focused and intended career paths. They know what is required of them to achieve success. A good MBA student demonstrates evidence of leadership potential and consistent academic achievement.
Types of MBA (Specializations)
There are many types of MBA courses in India that target the requirement of many industries. There are:-
Eligibility criteria MBA-
Information required for the MBA admission:-
Educational Qualification requires in MBA-
Admission to the MBA course is strict upon the basis of management entrance exams conducted by national, state, institute, university levels.
Admission process of Master of Business Administration (MBA)-
In, India there is a number of colleges or universities that offer able MBA course at reasonable fees. But the question is how to get into a college or university? Before taking admission candidates must follow the following steps:-
Getting admission to an MBA college is not cake well. If you fulfil the basic eligibility criteria. You need to appear for any of the following entrance exams:-
Top government MBA college in India:-
Syllabus of MBA-
MBA syllabus is designed in a way that will provide a holistic knowledge of the management sector to the candidates each semester focusing on a particular aspect. In regular MBA course is a two-year programmer divided into four semesters
Candidates must note that in addition to three main subjects they will have to choose five additional subjects depending on the type of specialization opted by them. They can check the list of the available subjects from the table provided below.
MBA in finance management: –
MBA finance management is a postgraduate program that is concerned with the management of accounts and finances of companies for them to achieve certain financial objectives.
Finance management is the right career choice for students with good financial knowledge and the ability to analyse and those who have a deep-rooted understanding of financial models and the stock market.
MBA in Marketing Management: –
MBA marketing subjects are designed to help students experience both the theoretical and practical concepts in the domains of marketing, sales, product management and more this aim to provide a basic understanding of various Management concepts and managerial processes for all of which all foundation subjects in their course.
MBA in OB &HRM: –
HR is divided into semester terms 1st year of the course focuses on developing fundamental skills related to business administration and comprises core courses.
In the second year of the program usually, a student has to select their specialization and consecutively have to select their elective papers.
MBA in Production & Operation Management: –
MBA in production and operations course will offer you advanced knowledge about business practices, auditing, tax laws, teach you about organization efficiency business valuation and management of innovations.
MBA in Entrepreneurship development: –
MBA is development is a postgraduate course of two years that offers unique insight on managerial and administrative skills.
It is utilized by people to demonstrate great entrepreneurial skills; the program intends to develop innovative skills in the field of leadership and communications.
The program primarily focuses on studying entrepreneurship efforts and the formation of networks and essential aspects of leadership and how these points can contribute to making a business successful and profitable.
MBA in Information Technology Management–
It has become one of the most desirable courses across all streams. An MBA in IT is one of those degrees which are always in demand. It offers a large number of opportunities to the candidates who have interested in this carrer after pursuing an MBA in It.
Candidates who pursue the course of MBA in IT are repaired for the managerial work profile while also has been an In-depth knowledge of computer application. The program of MBA in IT prepares candidates for a great career as a qualified IT professional at the management level.
MBA in Service management:-
MBA Management service in the service sector for catering knowledge about developing strategies for achieving a sustainable advantage in any services aspect of the business. It develops the managerial knowledge of any candidates for quality services, strategic planning, research project management, human resource development among others.
Job purpose in MBA: –
Job opportunity after MBA in India is wide, and it is the responsibility of the student to pick up the right job from the optional available. From working private or public sector to venturing out to become an entrepreneur, an MBA degree goes a long way into shaping your career.
Jobs are depending on which B-School you have graduated from top B-Schools in India search as the Indian Institute of management have the best placement strata given in place, and more often than not, their students are usually the best place in the industry.
Candidates can check the type of job for MBA graduates from the table provided below-
Employment areas—– Job types
Almost every company requires the skilled manager to manage all their activities. Some of the major requirements available for MBA graduates. There areas-table
Salary packages for MBA professionals:-
India’s Top MBA Colleges offer excellent placements with high salary packages that’s why so many students choose MBA every year. The salary offered to these graduates depends directly on their qualification, skill, to college which they are graduating from and most importantly their work experience.
The starting average salary of MBA graduates in India ranges from Rs.57lakh-Rs.12lakh per annum. The salary packages depend on majors chosen by aspirants to specialize in the MBA courses. If you have studied from an IVY league B-school in India. The salary starts from Rs.15lakh per annum.
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