The Master of Business Administration (MBA) is a globally-recognized degree designed to gear students up for corporate jobs and further develop the skills required for careers in business and management. The value of the MBA program, however, is not only limited to the corporate world or the employment market. An MBA program is also very useful for people pursuing a managerial career in the public sector, government, private industry, entrepreneurship and other areas. MBA programs can provide graduates with the preparation and practical skills needed to excel in management and leadership positions across industry and verticals.
Eligibility for MBA admission in India:
Candidates, who have completed their Graduation (10+2+3) in any stream, are eligible to apply for admission into an MBA program. Students can take all India level entrance test for admission into an MBA program like CAT, MAT, SNAP, XAT, JMET and many others.
Generally the admission into any MBA institute is based on a host of factor i.e. Academic performance, extracurricular activities, additional certification, performance in the test, followed by a group discussion and personal interview. Some institutes also lay emphasis on work experience. There are institutes who also provide the MBA Distance Learning facility.
MBA Course DurationTypically Indian MBA courses are designed to cover four modules and a summer internship after the completion on 2nd module. However, some MBA institutes have started offering one year MBA course for candidate who already has a few years of work experience.
Major Branches of MBAA typical MBA program consists of one or more major from Operations, Finance, System, Human Resources and Marketing. However now a days there are many MBA programs offered with a focus on developing the expertise of a particular domain. Some of the domain specific MBA programs are:
- Retail Management
- Event Management
- Telecom Management
- Risk and Wealth Management
- Hospital Management
- Hospitality Management
- Travel and Tourism Management
- Management of Services
- Entrepreneurship Development
- Management in Foreign Trade and many more.
Upon completion, an MBA leads to challenging positions in business, taking important managerial decisions that lead to the growth of the organization. MBA graduates have the option to work anywhere across the globe because of the universal acceptance of the course. An MBA graduate can take up job in any sector e.g. Retail, FMCG, IT/ITES, Financial Services, Banking, Engineering Services etc. The compensation for MBA graduates is best across the industry depending on the individual’s capabilities and the B-School.