Undeniably, the most popular business qualification in the world, the MBA ( Master of Business Administration) is much sought after by ambitious men and women these days.
Inputs:
An MBA programme can help one make a major break in one's career path with a concomittant leap in income. Using an MBA to switch career path, say from Engineering to Marketing or Finance, is a typical strategy.
Accountancy, economics, finance, human resource management, information management, marketing, organisational behaviour and quantitative methods form the core of an MBA program.
In the second year, optional or elective courses can be selected on the basis of their future career plans.
These are usually grouped into specialisations such as finance, marketing, operations, research, systems and human resource management.
One of the most important contributions of any reputed MBA program is its ability to find its graduates a rewarding job. But, at the same time, it is a hard balancing act because the MBA program cost 5 -20 lacs depending upon the institute.
Alternatives:
Part time distance education programs are ideal options for those employed in a managerial capacity since it allows immediate application of what is taught. The major advantage is the flexibility and comfort of carrying on with the regular employment. Self -discipline and time-management are required due to conflicting demands of job and studies.
Selection Factors:
Students willing to get admission to MBA course should focus on time management skills in the areas of verbal, analytical and mathematical ability for the written entrance test. They should practice secondary school mathematics from school text books, should enhance their vocabulary, also practice reading fast, scanning for the theme of passages, working on data-interpretation, exercises from competitive magazines/MBA guides, some tutorial material etc.
So, one has to keep working on these lines but has also remember to pep up time budgeting skills with mock tests. The group discussion and interview which follow the written test, require one to widen his awareness of national as well as global current affairs and corporate news.
Salaries: They are generally influenced by the reputation of the institutions and the industries and the local conditions.
Certain industries tend to pay higher wages, usually linked to their profitability and the salaries tend to be higher in the areas with higher living costs and lower where it is cheaper to live.
An MBA programme can help one make a major break in one's career path with a concomittant leap in income. Using an MBA to switch career path, say from Engineering to Marketing or Finance, is a typical strategy.
Accountancy, economics, finance, human resource management, information management, marketing, organisational behaviour and quantitative methods form the core of an MBA program.
In the second year, optional or elective courses can be selected on the basis of their future career plans.
These are usually grouped into specialisations such as finance, marketing, operations, research, systems and human resource management.
One of the most important contributions of any reputed MBA program is its ability to find its graduates a rewarding job. But, at the same time, it is a hard balancing act because the MBA program cost 5 -20 lacs depending upon the institute.
Alternatives:
Part time distance education programs are ideal options for those employed in a managerial capacity since it allows immediate application of what is taught. The major advantage is the flexibility and comfort of carrying on with the regular employment. Self -discipline and time-management are required due to conflicting demands of job and studies.
Selection Factors:
Students willing to get admission to MBA course should focus on time management skills in the areas of verbal, analytical and mathematical ability for the written entrance test. They should practice secondary school mathematics from school text books, should enhance their vocabulary, also practice reading fast, scanning for the theme of passages, working on data-interpretation, exercises from competitive magazines/MBA guides, some tutorial material etc.
So, one has to keep working on these lines but has also remember to pep up time budgeting skills with mock tests. The group discussion and interview which follow the written test, require one to widen his awareness of national as well as global current affairs and corporate news.
Salaries: They are generally influenced by the reputation of the institutions and the industries and the local conditions.
Certain industries tend to pay higher wages, usually linked to their profitability and the salaries tend to be higher in the areas with higher living costs and lower where it is cheaper to live.
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