MBA- Master of Business Administration
Among all the preferred career courses, Master of Business Administration or a post graduate diploma in management is perhaps the most sought after. The impact of privatization and liberalization has increased the need for managers in business establishments across all the sectors of the economy and those with an MBA degree from a reputed business school in India are the real beneficiaries of the changes brought by the globalization of India's market economy. Successful completion of an MBA course in India from a reputed institute promises a career that can touch unknown heights. A career in management, however, also demands great amount of dedication and good character.
MBA Courses:MBA course curriculum in India can be categorized into the following 4 segments:
* Full-time MBA
* Part-time MBA
* Distance Learning MBA
* Executive MBA
* Online MBA
A full-time MBA usually comprises of 4 semesters, inclusive of dissertation and project work, industrial exposure and summer internship. The students take up their respective major and minor specialization subjects. The choice of specialization subjects generally include: Marketing, Finance, Human Resources, Operations and Logistics, Information Technology, Systems, International Trade and Business, Consumer Behavior, Risk Management, and many others.
However, executive MBA, part time MBA, distance learning MBA and even online MBA courses are increasingly becoming popular in India. While the part time, distance learning and online MBA courses offer flexibility to the students, executive MBA courses are meant exclusively for working professionals who are ready to take a break and like to obtain an MBA degree in a shorter time period than that of a full time course.
MBA Admissions: Most of the leading Business Schools in India follow an admission process for screening applicants. The steps followed in the admission procedure are given below:
Entrance Exam / The Written Test: Most MBA institutes in India have a written aptitude test. The IIMs conduct a Common Admission Test (CAT) every November. Many other business schools, like S.P. Jain Mumbai, MDI Gurgaon, and many others select students on the basis of their CAT score. Some other popular written tests for MBA in India conducted by other B-schools include XAT, MAT, IIFT, SNAP, JMET, etc.
Application Essays and Reference Letters: This step forms an integral part of the selection process of most top Indian B-schools. The short listed candidates of the IIMs and some other leading management institutes are expected to write these essays. GD / PI (Group Discussions / Personal Interviews): Group discussions and personal interviews are conducted generally to determine the personality traits and communication skills of the candidates. For many management colleges in India, Admission: Many B-schools offer admission to a candidate on the basis of the cumulative scores of the Entrance Exam, GD/PIs, and sometimes work experience.
