An MBA course in India helps students impart knowledge relevant to the Indian market. An MBA course in India is definitely cheaper than MBA in foreign. Students can obviously pay back their student loan faster. If students want to work in India after completing MBA then it is preferred to study MBA in India itself if keeping economic and knowledge in mind. Almost 70% of the designed curriculum of MBA course in India is common if compared with foreign. The method of teaching and placement rate is not better than foreign MBA colleges until a student is in one of the IIM colleges. The post degree pay is lower if compared with abroad. If a student is willing to work outside India after completing MBA course in India then the decision of studying MBA in India is not a good idea since organizations in foreign prefer students graduated from their universities.
Some of the common specializations in MBA are described below:
This specialization is one of the most chosen MBA specializations in India which offers students with various opportunities around the world as it focuses on the development of skills important for the control and operation of accounting system of any organization or company. The MBA course can be continued as a part-time and full-time degree. Students should have attained an undergraduate degree in commerce or accounting. Also, aspirants who have completed their undergraduate degree with other streams than commerce can also apply for the full-time courses globally. The part-time MBA course is for aspirants with experience of few years and those who are professionals.
Human resources is the area with vast potential. This specialization focuses on various aspects of the operation of an organization. Pursuing MBA in HR sharpen the skills of the students and help them master in the same by acquiring knowledge about the topics relevant to company compensation management, business coaching, and headhunting. An MBA in HR include subjects like Business analysis, Employment recruitment and Organizational Development. MBA in HR is a privilege to the students who are looking for building a successful career in corporate.
Only account and math wizards can manage the Finance part of any organization. Undoubtedly, it is an integral part of organizations. An MBA in finance helps a student master accounting skill by acquiring knowledge that enhances their existing skill set. The recruiter knows that candidate having the degree in MBA in finance is refined in knowledge and suitable for accounting field. Students are prepared for leadership roles in government, financial corporations, and healthcare industries. Students develop skills in various aspects such as managing portfolios developing business strategies and conducting the analysis.
An MBA in Marketing prepares students for a growing business of marketing, selling and developing products to various consumer markets. This program offers various courses in the brand, promotions, product management, marketing strategies and consumer behavior. It also includes finance, business strategies, and human resources. MBA in Marketing gives an opportunity to the students to lead their way towards increased salary, career opportunities, and higher positions. This specialization in MBA trains students to develop various skills which can be transferred and applied to different areas of Business.
It is one of those multifaceted courses which helps students to gain knowledge and understand fundamentals of financial decision making and it stresses on different practical possibilities of commerce and business. It focuses on developing a coherent mindset in students to maximize business potential. An MBA graduate in economics will have the ability to anticipate the development and growth of a business in local and international market as well. An MBA graduate will have to get involved in lots of supervisory roles and decision making. A student not only imparts practical knowledge but theoretical knowledge too which helps them to apply it in practical use in various aspects.
In India, the placement rate is much lower than the placement rate in MBA colleges abroad. Students get international exposure after completing MBA course outside India. After completing MBA in India, it is not easy to get placement in foreign since there difference in the Indian and International market. Which is why students with an international degree are preferred in abroad.
MBA students are required to do an apprenticeship in India and abroad as well to impart practical knowledge and adapt work environment. In India after completing an internship, the students come back to college and wait for getting placement through college but in abroad the companies analyze the performance of the students and offer them a job after completing their internship programs.
An MBA degree is however not just limited to the business arena. It is also profitable for students who want to build a career in managerial area in the private sector, public sector, government and other sectors. There are various types of programs depending on the duration of the course. Aspirants get to choose from Part-time, Full-time, Distance and Executive MBA program. Some business schools offer online MBA courses. The different types of MBA programs stress on human resources, accounting, finance, marketing, business administration and economics.
The knowledge imparted from an MBA degree is totally worth and priceless which escalates success in a business environment. There are some soft skills which can be transferred to various jobs such as:
An MBA degree nurtures the skills and develop skills to expertise for leadership positions. The program helps students to connect with diverse groups – from teachers to business people to politicians to advertisers. Students are advised to choose Business schools wisely. Choosing the right B school is as important as choosing a specialization of the program. It is highly advised to choose B school with perfectly designed MBA course and great placement opportunities with an international identification. Some Business schools conduct entrance tests and some of them have their own admission criteria.
The universities are broadly divided into three categories such as:
The infrastructure, pedagogy and access to resources for students are improved by the government since they provide financial motivation to operational costs. The tuition fees in government colleges are lower and affordable due to the above reason. The government colleges have highly experienced faculty. The colleges even provide placement to the students in top-notch organizations.
These colleges provide the great infrastructure and platform to figure out what their talent is. Unlike government colleges, the private colleges do not have financial support of the government for the operational costs. Hence, the private colleges have much higher tuition fees. To attract as much as student they can, they improve everything they serve. Hence, the private colleges offer great infrastructure and help students with 100% placement. These colleges offer great career growth.
There are universities affiliated by the government and they incorporate private and government colleges both. These types of universities are not completely private and are associated with public or government colleges. The degree these colleges offer is definitely backed by government.
A student should have attained a bachelor’s degree (minimum 3 years) with 50% of the total marks (45% for reserved category students including SC/ ST and PWD) from any university affiliated by Ministry of HRD.
Note: The Bachelor's degree attained by the aspirant must be of minimum of three years after completing schooling. Private universities have their own criteria.
CAT, an admission test is conducted in various cities of India such as:
CAT (Common Entrance Test) is the most popular test among students. This the first test that comes to mind when students think of pursuing MBA. Most of the MBA colleges accept CAT scores. There are many more exams in the list such as MAT, CMAT, XAT, SNAP, GMAT, GRE, and NMAT. Mostly some students appear in more than one exam in one academic session.
Candidates should procure the following documents at the time of the admission:
The admission in the management courses will be provided on the basis of national level management exams. Candidates can appear in CAT (Common Admission Test) for admission in MBA institutions anywhere in India. After clearing the entrance exam, candidates have to appear in PI (personal interview) and GD (group discussion) for admission.
Forms for various entrance exams are available after July. Exams are conducted from October-January. Group discussion and personal interview process are conducted from Feb-June.
Every student needs help with nuts and bolts of admission process of any course. They wonder how to start with the process and put an application. It is important to make an application stand out. Below are some tips to the same.
It is highly advised to a student not to maintain a pompous tone but positive tone. In India, the way of communication is important than what student communicate during the process of admission. Use of conversational words should be primal. While jotting down the achievements, students are advised to be concise and specific not general and vague.
Answering questions could be tricky and if a student answers all the questions then it might seem a no-brainer. If questions are not answered with ease then the credibility of an applicant sinks. Explaining the revenue, you raised or past achievements do add credibility to the resume.
It is advised to explain the career plan student has. If there is no plan yet then there must be some path, a student would want to follow, it is better to put those ideas or thoughts forward. A sensible presentation will stand out and distinguish from other clueless aspirants, who have no plans for the future. It will help students to bring out efforts and approach.