If you want to increase your chance of a promotion and a pay rise, as well as your business skills, consider studying an MBA!
The Master of Business Administration (MBA) is a prestigious 2-year postgraduate qualification that provides an overview of key business practices and is highly valued by top employers. In order to meet MBA eligibility, you should have at least completed your graduation with minimum aggregate marks of 50%. You can also apply in your final year of graduation as well.
Thus, MBAs are time consuming and academically challenging. You need to be certain that it’s the right option for you before taking the plunge. As you read further, you’ll know more about MBA, syllabus, specializations, the scope further, career opportunities, and job prospects.
Types of Specializations for MBA courses
When it comes to choosing an MBA program you have several options as specializations to choose so you’ll need to do your research to discover which type of MBA suits your needs. Choosing MBA must be a conscious choice you make, including your interests, your ambitions, your personal circumstances and how much experience you have when you apply.
As you look at the vast arena of MBA specializations you’ll discover new thinking and invest in your future when you chose to study your MBA.
- MBA in Finance Management
MBA in Finance Management combines the traditional learning of an MBA program with specialized financial topics. The curriculum includes learning of core subjects including, securities analysis, portfolio management, borrowing, fundraising, collections, disbursements and international finance.
- MBA in Human Resource Management
MBA in HRM coursework typically involves basic business concepts and human resource-specific topics. Students are taught business strategies and taught how use them in everyday business operations.
- MBA in Marketing Management
MBA in Marketing Management involves studies in marketing, executive leadership, and media. Students can expect to learn about product development, management and sales promotion, and the necessary kills to run the marketing branch of a business or corporation.
- MBA in Business Analytics
One of the most sought after specializations under MBA is Business Analytics. Students can learn about Big Data to better use it in business environment and consumer behavior. Part of the curriculum will include learning about techniques such as linear regression, logistic regression, and data visualization.
- MBA in Agri-Business Management
Agriculture plays a poignant role in India’s growing economy and is the primary source of livelihood. An MBA in Agribusiness Management program offers golden opportunities to put your skills to use in the areas finance, production and land management.
- MBA in Supply Chain Management
There is a growing need for business executives who focus on supply chain issues. Thus, MBA in Supply Chain Management is majorly centered towards supply chain activities, such as procurement, transportation, or inventory management.
- MBA in Operations Management
MBA in Operations Management is a similar field like Supply Chain Management. Interested students can learn more about delivering of goods and services in a cost-effective way. This program will delve deeper into logistics processes and financial accounting.
- MBA in Information Technology (IT)
MBA in Information Technology (IT) teaches students the fundamentals of IT, Systems, Project Management, E-Commerce, Technology Management, and more. These learnings play huge role in day-to-day operations of MNCs, Businesses, Banks, Government Organizations and other Industries.
- MBA in Logistics Management
MBA in Logistics Management coves branches of business such as human resources, marketing, accounting, and operational management. It’s important to possess a particular set of skills in order to keep the supply chain moving, including inventory, process analysis, distribution procedures, and project management.
- MBA in Business Management
MBA in Business Management is one of the most hired degrees. These cover fundamental concepts such as operations research, human resource management and various aspects of sales and marketing.
- MBA in Rural Management
Rural Management as an MBA specialization has gained a good momentum lately. As self-explanatory the specialization is, the course entails planning, developing and controlling the principles of the rural sector.
- MBA in Health Care Management
Healthcare management, also known as healthcare administration, is the administration, management of healthcare systems, public health systems, hospitals, entire hospital networks or other medical facilities.
- MBA in Event Management
MBA in Event Management prepares graduates to take up managerial duties that require organizational, communication, and business skills. The program involves study in tourism, leisure, and hospitality, as these fields interconnect with event planning.
MBA Eligibility: Criteria for Admission
MBA is a minimum 2-year full-time program and in order to secure your admission, you must successfully pass through the below academic entry qualification:
- Candidates with minimum 50% marks in graduation (45% for reserved categories) from any recognized university
- A valid score card in national-level entrance tests like MH-CET/ CAT/MAT/XAT/ATMA/CMAT are eligible to apply.
- Candidates appearing for final year degree examination up to June 2020 can also apply.
What are Top Entrance Exam and Admission Procedure in India?
MBA Entrance exams are the legitimate pathway to get entry into India’s best business schools. MBA Entrance Exams like CAT, GMAT, XAT, MAT, CMAT, ATMA, are mandatory. These entrance tests are approved by AICTE (All India Council for Technical Education). Some of the top Entrance Exams for MBA in India are as under:
- CAT: Common Admission Test
Conducting Institute: IIMs
CAT Eligibility: 50% in Graduation for General and 45% for Reserved. Final year students can also apply.
CAT Exam Pattern: CAT is an online exam. It has 3 sections with 3 hours of time resulting in 60 minutes for each section.
- XAT: Xavier Aptitude Test
Conducting Institute: Xavier School Of Management
XAT Eligibility: Candidates with any bachelor degree can apply. Final year students can also apply.
XAT Exam Pattern: Exam duration is three and a half hours.
- GMAT: Graduate Management Aptitude Test
Conducting Institute: GMAC
GMAT Eligibility: A degree from a reputed university is a perquisite. There is no age limit for this exam.
GMAT Exam Pattern: There are 4 sections in this exam: Two sections have 30 minutes time and for the other 2 sections, it is 75 minutes. Total duration is 3 hours and 30 minutes.
- CMAT: Common Management Admission Test
Conducting Institute: AICTE
CMAT Eligibility: Candidates with any bachelor degree with 50% can apply. Final year students can also apply. For reserved candidates, 45% is required.
CMAT Exam Pattern: Exam duration is 3 hours. It has 100 Multiple choice questions divided into 4 sections, resulting in 25 questions in each section. For every right answer, 4 marks will be awarded and 1 mark will be deducted for every wrong answer. No negative marking.
- MAT: Management Aptitude Test
Conducting Institute: All India Management Association (AIMA)
MAT Eligibility: Any Graduate can apply
MAT Exam Pattern: It is conducted both offline and online. Exam duration is 2 and a half hours. It has 5 sections with 40 questions each with a total of 200 questions. Each section has 30 minutes time. ¼ mark will be deducted for every wrong answer.
- ATMA: AIMS TEST FOR MANAGEMENT ADMISSIONS
Conducting Institute: AIMS
ATMA Eligibility: Graduation degree holders are eligible
ATMA Exam Pattern: Exam duration is 3 hours. It has 6 sections. Each section has its own timings. 1 mark will be given for every correct answer and 0.25 marks will be deducted for every wrong answer.
- NMAT: NMIMS Management Aptitude Test
Conducting Institute: Graduate Management Admission Council (GMAC)
NMAT Eligibility: Minimum 3 years bachelor degree with 50%
NMAT Exam Pattern: NMAT is an online based Exam with a duration of 2 hours. No negative marking for wrong attempts.
- SNAP: Symbiosis National Aptitude Test
Conducting Institute: Symbiosis
SNAP Eligibility: Graduation with 50%, also final year students can apply.
SNAP Exam Pattern: Duration of the exam is 2 hours. The exam is divided into 4 sections leaving 30 minutes for each section. The exam is objective type with 4 options for every question. 1 mark for every right answer and 25% or 0.25 marks will be deducted for every wrong answer.
MBA Course Fees & Structure
One of the most popular degrees, MBA is an intense program which can significantly enhance your employability and career prospects. Considering the fee, the structure varies and is not uniform in nature. Major costs consideration involved while undertaking MBA is the pre-admission cost and admission and tuition fee cost. Most institutes provide a good assistance to arrange educational loans as well.
Scope of MBA in India
India is a country with growing and changing Industrial landscape. Upon the successful completion, one can easily get jobs of executive and managerial level in the evolving business sector. F&B, Finance, HRM, IT recruiters regularly hunt for candidates possessing the right blend of academic knowledge and industry experience. The scope of executive MBA is huge, only if you make the best of it by extracting all the knowledge and implement them in the industry.
What are the skills required for MBA?
An MBA will offer you a wealth of advantages, especially when it’s from a well-regarded business school. But are you adept to pursue MBA? Do you possess the skills required to take on the corporate jungle? If you have at least have a few of the skills mentioned below, you’re the right candidate.
- People management skills
- Networking skills
- Base knowledge and experience
- Developing leadership qualities
- Decision-making skills
Career Opportunities After MBA
Getting a MBA degree is one of the most solid investments you can ever make in life. Besides expanding your career opportunities, it also prepares you for good paying jobs in today’s competitive job market. Some of the sought after career opportunities coming your way would be Investment Banker, Financial Manager, Chief Technology Officer, IT Director, Marketing Manager, CIS Manager, Health Service Manager, and lot more.
Benefits of having an MBA degree
The commercial world is constantly evolving and it can sometimes be a challenge to keep up with the pace. Therefore, it’s not uncommon to feel that there are areas of professional expertise you could improve on.
The benefits you gain after having an MBA degree are:
- Ethical decision-making
- Strategic analysis and research
- Risk management
- Interpersonal and people management skills
- Knowledge and Experience
- Network and create connections or partnerships
- Manage difficult situations (e.g. financial crisis)
- Hire top talent and improve employee retention
- Make tough calls at the right time
Studying an MBA degree brings you out of the comfort zone. You’ll explore the current Business trends, and apply the newest management tools and techniques, and challenge yourself to improve your business, teams, and collaboration. The abilities you develop are also the best tools you have to adapt to the unavoidable change of industries, the marketplace, and the ways people do business. Thus, through this guide you’ll know about the expectations of the program, how it benefits you in the long run and how it can change your career trajectory.
Are you ready to begin your entrepreneurship journey? Begin with ISMR B-School Pune
MBA is the flagship course of ISMR B-School which has now been deemed as the best MBA college in Pune. The course is conducted as a university department course of Savitribai Phule Pune University, Pune. Our program gives you the opportunity to learn from our highly-esteemed faculty and network with professionals from a wide range of industries and backgrounds. You’ll tailor your studies based on your career goals with our specializations.
Further, you’ll develop the critical thinking skills needed evaluate complex business problems and strengthen cross-functional skills to become difference makers in today’s global business environment.
At ISMR, we believe that business should be used as a power for good. Are you ready to be a change-maker? Fill up the form to learn more about the program and admission process. Once we receive your interest, our admission counsellor will be happy to assist you.
Read further >>15 Reasons to Consider MBA Degree