Every year, over 100,000 students choose to study an MBA (Masters of Business Administration). For some, it’s a basic pre-requisite to get into their chosen career. For others, it’s the best way to make sure they stand out in a difficult job market.
Many of you will commit to an MBA because you know it’s a quick step up the salary ladder. MBA graduates do make more money, right from the start
Various reasons for which a student chooses an MBA can be addressed as follows;
MBA can boost your career prospects by giving you:
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confidence to operate across all areas of business
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enhanced capabilities to lead, think and act strategically
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insight into your leadership style and your strengths and limitations
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the ability to apply knowledge to your own organization and many other situations
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understanding of other areas of the organization
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knowledge and expertise to meet the challenges of senior management
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skills to continue developing and learning
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help with launching your career, and an alumni network for life.
MBA can benefit your employer by:
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enhancing your capabilities across a range of areas, e.g. marketing, strategic thinking, innovation and change, and people management
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improving your powers of analysis with the ability to operate at a strategic level and contribute beyond your functional specialism
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providing a cost-effective management development programme
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allowing the flexibility to study without regular absence from the workplace
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Presenting the opportunity to gain value for your organization through your dissertation or consultancy project.
The programme will also:
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support you through executive coaching or mentoring, to improve your employability and develop new skills (Full-time and Executive modes only)
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give you an understanding of the foundations of management and of different functional perspectives
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provide you with a framework for the analysis of organizational activity and the application of learning
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develop your understanding of the strategic and integrative nature of business and management
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prepare you to take a holistic view of the organization and its environment
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extend your leadership capabilities
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broaden or deepen your knowledge through the electives and your dissertation or consultancy project
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challenge you by participating in intensive international events where you are exposed to the issues facing businesses in different markets.
There are two important issues one has to decide after a decision has been made to study for an MBA degree. These issues are;
1- Which programme to go in for?
2- Where to pursue the studies?
There are many programmes available for doing MBA. These include the following;
A-
A Full Time MBA
B-
Distance learning MBA
C-
Part-Time MBA
D-
Industry Integrated MBA
E-
Executive MBA
How do you decide which MBA program is right for you?
The most important thing is to work out why you want to study an MBA in the first place. You’ll need to demonstrate a very clear vision of your future career plans in your application, so get that straight in your mind first.
Here are some questions to ask yourself:
Do you want to switch careers, or progress where you are now?
If you need to get new skills to switch careers, choose a school that specializes in that area (for example, engineering or IT). If you want to progress in your current role, talk to your firm about sponsoring your study, based on your commitment to them.
Do you want to keep working while you study?
Look at online or distance learning options, or flexible part-time modules.
What’s more important to you – a big pay-rise when you graduate, or international experience?
You can find out the average starting salaries of each school’s graduates. And if you’re looking for international experience, online learning may not be the best option. You’ll want to travel to meet your fellow students!
Is there a particular company you want to work for?
Look at where they recruit from – it will narrow your choice of school considerably.
The choice is yours
A
full-time MBA is still by far the most popular program.
MBA programs tend to be rigorous – lots of group work, case studies and assignments. It can be hard to juggle those around full-time work and family commitments. This is 2-year programme to be completed in 4-half yearly semesters or 6- trimesters covering about 22-25 subjects in 2 years. In the last year the student can any one or two specializations from the following important specializations;
a-
Sales and Marketing Management
b-
Human Resource Management
c-
Financial Management including banking
d-
Information Technology
e-
International Business
f-
Retail Management
g-
Production and Operation Management.
Distance learning or online MBAs are growing in popularity, as students can continue working while they study. As MBA students tend to be older, they also often have family commitments that make it harder to travel abroad. But you should look for a distance learning program that offers some residential opportunities, so you can meet and network with your fellow students.
There are also plenty of many other affordable MBA options.
Part-time MBA many institutes and universities offering part time courses leading to MBA degree. The timings may either evenings or only on Saturdays or Sundays. This is suitable only for those students who are either working and there is a restraint on timings or those who can’t get admission in regular programme for any reason.
Industry Integrated MBA
Many Universities / Institutions have introduced Master of Business Administration ( Industry Integrated) post graduate programme . This is a powerful and challenging course and is a well balanced and optimum blend of class room teaching and industry experience. In this programme the students study the basic management subjects in the class room for the first year, and in the second year they undergo on-job-training for the second year, thereby gaining experience and understanding the principles of management in actual practice. This blend makes the student most-sought after in industry
Executive MBA
This programme is most suitable for those students who are employed and cannot afford to leave the job but at the same time want to increase their knowledge and hone their business skills. These programmes are mostly sponsored by the organization. And the course curriculum is tailor made to suite needs of the organization.
The other issue to be considered is from which management /
business school. We should pursue MBA. The following is a list of some important points to consider in the selection of a business school;
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Career Placement Record
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Return on Investment
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Quality of Academic Staff
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School Reputation
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Profile of Students / Alumni
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School Specializations
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Recent School Ranking
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Accreditation Status
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Scholarships / Financial Aid
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Convenience of Location
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Teaching Style
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Course Length
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Affordability
Tags :
Top Business Schools in Delhi,
Best MBA Colleges in Delhi NCR