MBA Funda

Master of Business Administration (MBA), it is also known as a graduate level business management degree programme. The MBA degree is one of the most prestigious degrees in the universe and it is preferred by corporate in the business world who is seeking to fill management and supervisory positions.

An MBA degree can be obtained from Management Institutes, colleges, universities, and business schools around the globe. You can persue a MBA programme through a more traditional campus-based program. A standard MBA program takes two years (divide into four semesters) to complete. However, there are many different schools with accelerated programs that allow you to earn an MBA in one year of less. You can also choose to attend an MBA program part-time or distance mode and take three to five years to earn an MBA degree.

How to select a good MBA Institute: There is an intelligent way to choose the right business school. Let's get past the IIMs and other top 10 schools, which cater to less than one per cent of the students. Let's give a thought how to select the right school from the rest. Over the years, we have surveyed thousands of students, looking for a framework, which would help them make choices.

The most important factor is YOU. Your academic record, entrance test-scores and profiles do matter. Hazy idea of a career plan is the biggest stumbling block. You must come up with a five-year plan- What industry do I want to work in, the field (Sales, marketing, finance, HR) and cities these industries located.

The second most important factor is FIT. Do your academic scores fit your chosen career profile and also your attitude and aptitude? For Example, if you are not one for spending a whole day walking around a busy city, you might not want to consider a marketing/sales career...no matter which business school you go to- all marketing jobs start on the street!

A B-school's placement record is not the only criterion. Within those records lies your career. The key factors to consider are, the recruiters coming to the school every year, new recruiters introduced last year and the job profiles offered to students of different majors.

The third most important factor is COST. Give it a thought whether the school is within your budget and if it offers bank loan facility. What's the fine print? Are there hidden fees (additional fees for industry visits and workshops) and also donation/capitation fees?

And finally, it's the choice of right business schools. Most students end up with three choice groups based on their academic record- the hopeful group (top schools that look only at 90+ percentile scores), the mid-range group (schools that look at 70 to 90 percentile scores and give weightage to your academics as well) and the local options (schools in your city, a strong choice for students on a budget, with the added bonus of having a home base and a job network through friends and family).

Specializations: Students have the opportunity to pursue either a general management program or complete a specialization as part of the MBA program. Specializations are a matter of choice, not a prerequisite, and all students receive the same MBA education regardless of whether they complete a specialization. Students should consider their career goals and professional development in settling on a specialization.

Some of popular Specializations are:

MBA Entrance Exams in India:

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