What is MBA and how to apply for the course?

What is MBA and how to apply for the course?

In the simplest form, MBA stands for Master of Business Administration. MBA is an educational program that offers a student with the post graduation certificate in Business administration. Today, MBA is the most ever aspired professional course by students around the world. Increasing job opportunities, high salaries, migrating opportunities etc… make the course a favorite to students.

With the boom in the business world, people look for a career in business management and MBA is the right doorway to achieve this ambition. 

Though MBA is aimed at shaping managers for multiple business verticals, the career option is not just limited to becoming managers and not every MBA holder becomes a manager. There are many other designations an MBA holder can bear in every business organization. 

How to get admission for MBA?

Being a professional course, MBA cannot be pursued like an art course. Certain admission criteria are to e followed by each and every aspirant. Many institutes admit students on the basis of the marks obtained in a competitive examination. 

GMAT or The Graduate Management Admission Test is the official and all-accepted entrance test for MBA programs. Any person passed the test with required score can apply for MBA in any institute in India. 

Few of the institutes have own entrance tests which the aspirants are expected to get through to get admitted into the particular institute. Many institutes admit students on the basis of a personal interview and group discussion apart from the written test. 

Scope of MBA course

MBA is a job oriented education program. Having an MBA certificate makes a person eligible for applying for the jobs on business administration and management. It is important to obtain the certificate from a well known institute as the place of study matters very much in the pay scale and job offers. 

Many brands are particular to acquire MBA holders from renowned institutes. For example, a person studied MBA in IIM may have 10 times more chances of obtaining a highly paid job than a person from a local institute. 

An MBA holder can work as a manager, Human resource officer, PRO, administrative officer etc... in business organizations. Getting a job abroad is easier if you are an MBA holder. Now days, the designation of manager is exclusively reserved for MBA holders in many industries. 

Main streams of MBA

MBA as many people have conceptualized is not the name of a single education program. In every business vertical, there are specific MBA programs. 

The most popular streams of MBA in India are Finance, Human resource and Marketing. 

Are you the right fit for MBA? Understand that further here!

MBA Finance: 

MBA finance is one of the streams of MBA opted by majority of MBA aspirants in India. The job opportunities and pay scale for MBA finance holders is comparably high. Every industry needs financial experts as economical profit is the goal of every business and operations. MBA finance program helps the students to obtain the skills handling finance and how to spend wisely to gain more profit. 

MBA Human resource: 

MBA Human resource is a renowned department in almost all the Business schools in India. Human resource program enables a person capable of handling the entire internal marketing strategies of a company. Every firm requires Human Resource experts to handle the work force and labor related issues. Recruitment, increments etc... are the responsibility of Human resource people in a company.

MBA Marketing: 

The program helps the students to be capable and skilled of making the right marketing decisions. It is the responsibility of the marketing people to see if the product sells better. MBA marketing aims at polishing the marketing skills of a person. 

Wondering what will be the education expenses?  India is a good option for budget friendly education options.

Maybe you should read this:  How educational loans can be a safe solution?

Get an idea of the various choices!!

MBA – Agribusiness, 

MBA – Aviation, 

MBA – Banking, 

MBA – Biotechnology, 

MBA - Brand Management , 

MBA - Business Administration, 

MBA - Business Management, 

MBA - Clinical Research, 

MBA - Construction Management, 

MBA – Economics, 

MBA - Fashion Designing, 

MBA – Finance, MBA - Health Care, 

MBA - Hospital Administration, 

MBA - Hospitality Management, 

MBA - Hotel Management, 

MBA - Human Resources ( HR), 

MBA - Information Technology, 

MBA - Infrastructure Management, 

MBA - Insurance & Risk Management, 

MBA - International Business, 

MBA – Logistics, 

MBA – Marketing, 

MBA - Materials Management, 

MBA – Media, 

MBA - Oil & Gas, 

MBA - Operations Management, 

MBA - Personnel Management, 

MBA - Petroleum Studies,

MBA – Pharma, 

MBA - Public Relations, 

MBA - Real Estate, 

MBA - Retail Management, 

MBA - Rural Management, 

MBA - Sales & Marketing, 

MBA - Supply Chain Management, 

MBA - Telecom Management, 

MBA – Tourism etc... are the most common streams of MBA offered by various institutes and universities in India.