Clear all your doubts regarding MBA, need to do MBA, relevance of work - ex & MBA Instt. through this article. It includes all the FAQs related to the sphere of MBA.
What really is Management education all about?
• It is a Two year full time or a Three year part time course
• Gives exposure to subjects of Finance, Marketing, Operations, HR and Systems.
• Allows Specialization in one or more of these functional subjects.
• Helps develop good logical, analytical & presentation skills.
• You get to look at problems/situations from different angles with a view to arrive at an effective solution for the same.
• The course teaches one to work in a team, manage time and helps develop a good business perspective.
• On an average, you get to study 40 - 45 subjects in the course.
• Involves written exams, presentations, short projects, case studies, assignments, summer projects, winter projects and any other projects you can get… can do it all in an MBA.
Why achieve an MBA?
• MBA is a Post graduation degree valued by the Industry.
• People from diversified educational backgrounds join an MBA course.
• Involves high pressure and time-packed schedule. Really tests one’s time management skills.
• One learns through fun class room sessions, case studies, paper presentations, festivals, seminars etc.
• The focus is on Knowledge-Sharing across functions.
• Trains in Team work skills as you learn to work with different people on different assignments and projects
• Teaches you to balance curricular, co-curricular and extra-curricular activities.
• Intra & Inter collegiate Case studies & paper presentation contests are common
• College Festivals, seminars, guest lectures take place frequently.
• You get industry experience through Summer Projects, winter projects, Industrial projects and any other projects you can get.
• You can participate in Project presentations and “Best Project” contests.
• Get to attend quality Management Seminars within and outside the institute.
• Orients you with Knowledge of Management functions.
• Entails better career prospects in terms of job opportunities, career growth, salaries.
• Teaches you how to manage yourself, your time, people, situations, success and failure. Specialization and other things are just a part of it.
Who can do an MBA course?
• Any graduate with a minimum 50% marks in the final year under the 10+2+3(like BA, B.COM, BCA etc.) or 10+2+4 (like BE, B.Tech etc.) system is eligible for a Management Education. Even post graduates can do an MBA.
• However, non-graduates, who have done a diploma and not a degree course, are not eligible.
• Fresh Graduates as well as Graduates with work experience can do a full time Management course.
• For part time Management , eligibility criteria is minimum 50% marks in the final year plus at least two - three years work experience after graduation.
• There is no age limit for doing a Management course both full time & part time.
I am an engineer? So why MBA?
• As an Engineer, you develop Good analytical skills, Good quantitative skills, Good decision making, the art of attacking a problem head-on and reaching its solution & Instant thinking
• But the industry these days requires you to have skills (in addition to the above mentioned namely Effective Communication, Creativity, Leadership qualities, The right Personality, The ability to work in a Team, Knowledge of all functional areas in Management, One specialization in Management
• An MBA bridges this gap most effectively.
What is the procedure for MBA Application?
A. Application to the MBA institutes
B. Appearing for various Written Tests
C. Calls for II Round - Group Discussion and Personal Interview
D. Admission to a particular MBA institute.
Best MBA Institutes and Criterion?
• All IIMs – Ahmedabad, Bangalore, Calcutta, Lucknow, Indore, Kozhikode
• FMS Delhi, SCMHRD Pune, SP Jain Mumbai, MDI Gurgaon, NITIE Mumbai, IMT Ghaziabad, SIBM Pune, JBIMS Mumbai, NMIMS Mumbai
• The criterion should be dual
- Placements in terms of ‘Quality of Companies’ visiting Campus
- Strength of Course in terms of practical applicability to business
Why Business Schools want Work Experience?
Having good work experience gives you an edge over the competition. If you have good work experience, flaunt it. And if your work experience is about average, don’t lose heart, you can make an average work experience sound better if projected the right way.
Should my graduation background affect the choice of B-school?
To some extent, yes. For ex. Arts graduates may like to go for colleges having an HRD orientation (like TISS, XLRI, and Symbiosis etc.). Law graduates may prefer PM & IR course at XLRI. Engineers have been seen opting for a broad range of choices & colleges.
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