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MBA

What is MBA?

MBA stands for Master of Business Administration. It is a 2-year postgraduate course that covers topics like Finance, Marketing, Organizational Behavior, Management Principles, Accounting, Supply Chain Management, Operations Management, Sales, and so on. To secure a seat in a reputed B-school, students may have to appear for different MBA course entrance exams, such as CAT, MAT, XAT, NMAT, or CMAT followed by WAT, GD, and PI rounds.

Candidates scoring more than 50% in an undergraduate course can only apply for MBA. Getting an MBA degree can definitely make an individual competent enough to work at managerial levels and open doors to many career opportunities. From Marketing to Tourism and Healthcare, every sector offers a wide range of MBA jobs like Finance Manager, Marketing Manager, Media Planner, Product Manager, Sales Manager, and many more.

List of Popular MBA Specializations

Who Should Pursue an MBA?

An MBA is essential for corporate executives who want to acquire improved communication and team-building abilities, new management strategies to prepare for roles with greater responsibility, and strategic thinking and critical analysis skills. These abilities will enable one to possess the managerial competence that an employer would require.

Why Choose an MBA?

MBA is an internationally acclaimed degree preferred by individuals who wish to gain knowledge of business practices. Every business requires well-qualified managers to deal with responsibilities related to business management and administration. One can acquire essential skills to lead a team and make deals that boost a company's success. Here are a few top reasons to choose an MBA:

Developing Managerial Skills

An MBA course develops business acumen and managerial skills in an individual. It prepares a candidate to perform various managerial duties in an organization as per his specialization. Moreover, an MBA degree instills communication, analytical, logical, comprehension, and various other crucial skills.

Better Career Opportunities

With a postgraduate degree in management from a well-recognized institute, one can find high-paying in some of the biggest organizations not just in India but abroad as well. Many working professionals pursue an MBA course to boost their careers and grab better career opportunities.

Developing Leadership Skills

With an MBA degree, one can acquire leadership roles in top companies around the world. It prepares a candidate to lead a team, convey his ideas clearly to the team members, make decisions that can impact hundreds of people, and keep the functioning and operations of the business intact.

For Entrepreneurial Skill Development

An MBA course makes an individual well-versed in the management and administration of the business and various aspects of it within an organization. This enables him to understand how a business work and what contributes to its success; thus, preparing him for entrepreneurial roles and starting his own company.

MBA Eligibility Criteria

MBA admissions into most of the B-Schools in India are conducted on the basis of a candidate's score in national, state, and university/institute-level entrance exams. However, some private MBA colleges offer direct admissions on the basis of academic background. The eligibility criteria for the MBA course vary as per college. A few common requisites are given below:

Required Skillset for MBA

MBA is a course, which requires the complete dedication of the candidate. One must be ready to accept the hardships that come with it. Candidates must have these sets of skills to be qualified as an MBA graduate. It is always better if the candidate already has the skills. If not, pursuing MBA will motivate and inculcate these skills:

Leadership

Studying for an MBA brings the candidate the resources to build leadership skills. It enables the person to act as a leader for the team members. The person must be capable of motivating and inspiring the members of the group. They must have firm confidence in themselves and in the work. It is best to gain expertise in the area to be able to lead the team.

Communication

Another important skill that is very necessary is communication. MBA job requires the candidate to meet and communicate with lots of new people on different matters. They must be able to handle each person in the way required. Candidates must be able to put across their ideas in an innovative and understanding way. Also while submitting any proposal or information, they must be able to handle the responsibility of it.

Critical Thinking

Candidates must be aware of the good and bad for the team. They must have the potential to think through the matter and make a decision best for the team. The MBA syllabus includes this as an integral part. Additionally, instead of fixating on personal gain, they must focus on the big picture and work accordingly. Also, an MBA graduate must be ready to accept positive and negative feedback and implement it in the best way possible.

Creativity

Innovative ideas, ventures, and practices must be implemented. Candidates must be ready to accept fresh angles and viewpoints.

Teamwork

Instead of working like a boss, one must always act as a leader and work with the team. A good leader always prioritizes the team before personal gains. And the best strategy to build better results is always teamwork.

Study MBA Abroad

Studying MBA abroad is possible. But it requires the candidates to take a slightly different route for the preparation process. Instead of appearing for the national-level entrance exams, candidates will have to appear for Graduate Management Aptitude Test (GMAT). Based on the country the candidate is seeking admission, they will have to either appear for the International English Language Testing System (IELTS), or Test of English as a Foreign Language (TOEFL). Candidates qualifying the minimum requirements of the colleges and universities along with the GMAT or TOEFL scores or GMAT+IELTS scores will be considered for admissions.

Most candidates from India travel to the USA, UK, Germany, New Zealand, or Australia for MBA subject education. This selection is made considering various factors. Candidates may also opt to go to other countries to pursue MBA courses. There is no limitation to it.

MBA Scope in India

Being an MBA graduate in India has great scope. Immediately after graduating, there are high possibilities to bag the best jobs. With 10-19 years of experience, any candidate can easily get a salary of INR 14,00,000 LPA undoubtedly. With 20 or more years of experience, an MBA in India can easily get senior-level jobs. A senior-level job in Management offers posts such as Director, Vice president, and Senior Director. The MBA salaries offered in these posts can wind up to INR 25 Lakhs Per Annum or more without any upper limit.

MBA jobs are available in the private, government, and public sectors. There is no shortage of jobs for MBA graduates. If not for college placements, with the right skill set, candidates can easily get jobs in the top companies and organizations. Candidates can also apply for jobs abroad with relevant work experience.