Master of Business Administration (MBA) is a two year professional degree in Management. Today, MBA is one of the most sought after courses all over the world. It’s one of those prestigious course which promises to give way to a great career and life ahead, both in terms of money and respect. An MBA degree after graduation multiplies your chances of landing on to a well payed job, the dream job you are looking for. These all reasons are why MBA is so popular a course among students. A large number of people try every year to crack the entrance exams for MBA, both on state and national levels like CAT, GMAT, MAT, XAT, CMAT, ATMA, MBA CET etc. All these entrance exams are conducted yearly. These exams are of high or moderate difficulty, only few people are able to clear the entrance exams. Clearing these exams ensures admission into prestigious colleges like IIMs and subsequently a great job. The core courses in an MBA program cover various areas of business such as accounting, finance, marketing, human resources, and operations in a manner most relevant to management analysis and strategy. Most programs also include elective courses.
Almost all institutes follow a unified structure for admission, and hence the eligibility criteria is also similar, with minute differences across different institutions. The basic eligibility criteria is as follows:
- The candidate must hold a Bachelor’s Degree, with at least 50% (some institutes demand 55% to 60%) marks or equivalent CGPA from any recognised university.
- 10+2 certificate from any recognised board of education.
- Candidates seeking admission to MBA must have qualified the aforementioned entrance exams like CAT, MAT, GMAT, XAT etc.
- Then the shortlisted candidates have to apply for Group Discussion
- The final selection/admission is based on the score card and the performance in the group discussion combined.
Job/career Opportunities After doing MBA
A world of opportunities opens after doing MBA. One can pursue a career in finance industry, marketing industry and many more. Some of the top career choices available after doing MBA are:
- Product and Brand Managers: An MBA is a pre-requisite for the role of a Brand Manager. A Brand Manager’s responsibilities include coordinating and overseeing a variety of divisions of a corporation to ensure the efficient and timely flow of a product to the market.A Brand Manager focuses on product and market development, either on the domestic front or in international markets.
- Investment Management: Investment Management is a low-risk, high reward industry as investment managers are paid a percentage sum of the amount involved with the client.
- Financial Manager/advisor: Financial managers oversee a company’s financial condition, preparing or reviewing financial reports, analysing trends and advising the top management personnel on finances and profits.
- HR Manager: Increasing demands on human resources departments drives the need for skilled HR managers. This position directs administrative action for an entire company and works on recruiting and hiring for an organization.
- Management Analyst: Management analysts recommend improvements to companies on costs, personnel, finances, alternate practices or work on solving specific problems. About 23 per cent are self-employed.
There are many other options too, like Management consultancy, media and entertainment management, Venture capitalist, fashion industry management etc.