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About MBA
MBA is one of the most popular post-graduate programmes in India and throughout the world. MBA stands for – Master of Business Administration. Most management level employment across domains and industries require an MBA degree, which is why a huge proportion of B.Tech, BBA, B.Com, BA, B.Sc, and BCA graduates now pursue an MBA after completing their graduation.
MBA admission 2023 is based on MBA entrance exams, which is followed by a round of personality assessments (Group Discussion or GD, Written Ability Test or WAT and Personal Interview or PI). In order to be eligible for MBA courses, students must typically have at least a 50% average in their undergraduate degree from any field. Some of the top MBA institutions in India that allow admission through these tests include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, FMS Delhi, XLRI, and ISB. The MBA cost normally varies between INR 10-25 lakh depending on the college, although there are several extremely prominent top universities where the course tuition is substantially lower than INR 10 lakh, such as FMS Delhi and JBIMS Mumbai.
What Is MBA ?
MBA is also known as Master of Business Administration .The MBA course is a management and marketing-focused academic degree. It covers topics like organisational behaviour, marketing, management principles, supply chain management, operations management, and so on.
MBA Admission is done through entrance exams such as the CAT, MAT, XAT, GMAT, and so on. GMAT is effective for students who want to study MBA abroad. CAT is indeed the most popular and the most difficult MBA entrance exam in India. Each year, over 2 lakh students take the CAT exam to seek admission to IIMs and other B-Schools that accept the CAT score.
MBA entrance examinations are held between November and April, and students are admitted to B-Schools based on their performance in these exams. MBA registrations are now being accepted at various universities based on recent entrance exams.
MBA Eligibility Criteria
The MBA Eligibility criteria for Full time MBA course is, graduation in any subject or equivalents from a recognised university.The majority of colleges adhere to the graduation minimum score requirement of 50% in average or comparable .The minimal aggregate score for students in the reserved category is 45% .
Final year graduating applicants are also eligible to enrol for MBA ,providing they submit proof of completion of their graduation within the time frame given by the institute .
Professionals with CA/CS/ICWAI and other degrees can also pursue an MBA .
Why Do MBA ?
Completing an MBA course displays a dedication to learning, refining, and implementing abilities that can support a company's success. Furthermore, professionals with MBAs are more confident in their market potential and the abundance of information they can bring to diverse projects. These are just a handful of the reason why most people go for an MBA course .
1) Improve your Communication Skill
Professionals must be able to communicate effectively in order to succeed. Communication may be considered a "soft talent" in comparison to "hard skills" such as building a P&L model, but it is no less vital. An MBA course may help you refine your verbal and writing communication abilities, allowing you to properly explain concepts to individuals at all levels of a business, ensuring everyone can work together toward a singular goal.
2) Job Opportunities
An MBA course might help set a candidate apart from their colleagues in a highly competitive employment environment. An MBA course can be useful in any field, from energy to consumer items to start-ups. Employers often search for candidates with an MBA to employ or promote because they have talents in marketing and finance that others in the firm may lack. This enables them to get started right away with various projects and assist their firm improve earnings.
3) Boost your Professional Network
Completing an MBA course introduces you to a vast network of alumni, allowing you to meet prominent and intelligent people you would not have met otherwise. You will be able to network with other individuals in the classroom and beyond, in addition to being a part of a wider community.
What After MBA?
There are various job and career that one can follow depending on their interest after completing their MBA courses. Private equity, investment banking, management consulting and others are few examples of careers that an individual can opt for after their MBA.
1. Banking and Finance:
If you are skilled at security and investment research, portfolio management, and so on, banking and finance might be a good fit for you. MBA graduates can find employment in banks, insurance companies, security firms, and other financial institutions both in India and overseas.
Bank positions are accessible in both governmental and private institutions. Students must pass the recruitment examinations administered by the different banks in order to work in public sector banks. Students seeking positions in private banks must go through a bank-led selection procedure that includes group discussions, personal interviews, written aptitude tests, and so on.
2. Investment Banking
An MBA career in investment banking is in great demand. If you believe you are competent at making financial decisions and know how to generate a successful return on investment, investment banking should be a career option for you. Employees in this sector are responsible for connecting investors with groups in need of financing.
3. Management Consulting
Management consulting is the ideal employment after an MBA if you are strong at problem solving. Management consulting specialists are responsible for resolving organisational issues.
You will also be in charge of implementing innovative ideas and problem-solving strategies. Your managerial abilities will come in handy in this career, and you will be able to put what you learned while studying for an MBA to use.
4. Entrepreneurship
Starting your own firm is the finest job option following an MBA. One of the primary aspirations of many MBA students is to become entrepreneurs. Indeed, being an entrepreneur has become one of the most popular alternatives for MBA graduates.
MBA courses not only improve your business management abilities but also your creative and imaginative thinking. After earning an MBA, you may use all of these concepts to your own firm and become an entrepreneur.
5. Data Analyst
As technology advances and the digital world enters the corporate sector, the demand for data analysts has skyrocketed. Data analysts are needed in a variety of areas, including retail, management, e-commerce, finance, and information technology.
Several management schools also provide expertise in data analytics, which opens up numerous opportunities for a job following an MBA.
6. Private Equity
Similar to investment banking, a person's investing abilities and expertise are important in a job profile linked with private equity. Fullerton, Fidelity Investments, Axis Securities, JP Morgan Chase, Kotak Wealth Management, Bajaj, ICIC Prudential Asset Administration, India Bulls Housing Finances and others are among the renowned businesses that provide job after MBA for private equity roles.
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