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June 20, 2017 @ 12:35 PM

June 20, 2017 @ 12:35 PM

MBA Courses Details| Scope Career Choices & Eligibility Criteria

 MBA

Published: Friday, 9 June, 2017 05:00 PM

What is MBA (Master of Business Administration)?

Master of Business Administration, as the course name suggests, covers various aspects of business administration and trains students in understanding the nitty- gritty of running a business and preparing them for becoming efficient managers.

Top Specialisations

The core courses in an MBA programme cover various areas of business such as accounting, finance, marketing, human resources and operations along with various electives. The duration of the programme is two years

1) MBA in Banking and Financial Services

Banking

Meaning- MBA in Banking and Finance, thus caters to these two essential aspects of our lives and aims to produce professionals with sound knowledge about banking and financial services.

Significance- Banking and Finance are two indispensable components of a business. Banks are institutions in-charge of individuals or organization's money. Banks discharge various set of functions such as holding the money of customers, investing the money, reimbursing interest on the deposited money, offering loans to people for personal or business use and so on. They also provide a wide range of services such as giving advice related to investment and insurance, exchange of foreign currency and acting as trustees. Banks form an essential part of our lives. And therefore, there has always been and will be a demand for bank professionals.

Finance, on the other hand, is a process through which advice is provided to a company or a person for investing their money and getting high returns. Finance management is the backbone of any company whether it is a corporate, a big business house, or a financial institution.

Eligibility Criteria for MBA in Banking and Financial Services

  • The two-year course is open for graduates.
  • Candidates have to clear entrance exams such as CAT, XAT, GMAT and MAT.
  • The shortlisted candidates have to clear Group Discussion and Personal Interview Rounds.
  • The admission is based on the cumulative scores of these three rounds and in some cases, work experience as well.

Syllabus for MBA in Banking and Financial Services

The syllabus of Banking and Finance as prescribed by various Colleges and Universities:

  • Principles of Management and Organisational Behaviour
  • Managerial Economics
  • Marketing Management
  • Accounting and Finance for Managers
  • Banking and Insurance Marketing
  • Merchant Banking
  • Mutual Fund Management
  • Commercial Banking and Role of RBI
  • Corporate Communication
  • Banking and Insurance Marketing
  • Management Control Systems
  • Business Environment and Ethics

 

Career Choices for MBA in Banking and Financial Services

An MBA in Banking and Finance can open up the following roles for the aspirants:

  • Business Analyst
  • Finance Manager
  • Corporate Analyst
  • Investment Banker
  • Risk Analyst
  • Senior Accountant
  • Operations Manager
  • Money Manager
  • Securities Analyst
  • Marketing Manager
  • Personal Finance Consultant

Scope in MBA in Banking and Financial Services

Banking and Finance have always been domains for which demand has never receded. They are, in fact, the most relevant job profiles, in times of recession or without. Jobs can be found in Financial Institutions, Banks, Financial Consultancies, various government and private companies. The salary can depend upon the working experience, qualification, recruiters, location of the organisation and so on.

2) MBA in Marketing

Significance-The popularity of MBA in Marketing has increased in recent years, owing to the shift to the digital sphere and globalisation. Most businesses have their own in-house marketing team, which specialises in bringing clients to the company and promoting their products. Though the course is targeted towards marketing, it in no way limits the career of a person, in fact, the skill sets learnt during the course open up various career paths from consulting to entrepreneurial management.

Eligibility Criteria for MBA in Marketing

  • Students must have 50% marks in bachelor’s degree in any discipline from a recognised university.
  • Students must secure the necessary percentile in entrance exams such as CAT, GMAT or similar examinations.
  • Students must clear GD/PI Rounds.

As part of the two-year course, the students will get to study subjects such as Strategic Planning, Market Research, Consumer Behaviour, Cost Volume and Profit, Analysis of Demand along with skills such as communication, analytics, business ethics and leadership. It enables students to identify the market choice through analysis of demand

MBA in Marketing Syllabus

Some of the subjects that the students will study over the course of two years are:

  • Marketing Concepts
  • Marketing Research
  • Marketing Planning
  • Principles of Sales Management
  • Sales Forecasting
  • Marketing Audit
  • Advertising Management
  • Consumer Behaviour
  • Brand Management
  • Industrial Marketing
  • Marketing Ethics
  • Economic Analysis

 

Career in MBA in Marketing

Some job profiles that are open for students after the completion of the course are:

  • Marketing Manager
  • Branding Manager
  • Asset Manager
  • Corporate Sales
  • Sales Manager
  • Product Manager
  • Media Manager
  • Head of Digital Marketing

MBA in Marketing Scope

Marketing is regarded as an important component in the growth of a company. India is growing fast and becoming a corporate hub, therefore, professionals well-versed with marketing will find many takers. Marketing itself is a vast field. This course leads students to the FMCG sector, IT industry, Retail, Tourism, Banking, Hospitality, Media, Advertising, Consultancy, Market Research and so on. A good candidate can easily make Rs 40,000 to 65,000 per month. The salary structure depends on the position and reputation of the firm and the quality of the candidate.

3) MBA in Human Resource

HR

Meaning-All businesses are essentially about human beings. Human resource is the biggest asset that a business has. A company’s fortune depends on its employees. If the workforce is efficient, motivated and moving in the same direction, the company will naturally progress and vice versa. Since people are involved, they will have different personality traits which might lead to clashes.

Function-The Human Resource Department of a company takes care of hiring the suitable candidate, providing development and training, assessment of their performance and also keeps engaging and motivating the employees, to create a healthy working environment for them.

Eligibility Criteria for MBA in Human Resource

  • Completion of graduation with minimum 50%.
  • CAT/XAT/GMAT/MAT scores
  • Group Discussion and Personal Interview
  • Cumulative score of these three qualifying processes

Syllabus for MBA in Human Resource

The subjects to be studied by the students pursuing this course include:

  • Principles of Management and Organisational Behaviour
  • Managerial Economics
  • Accounting and Finance for Managers
  • Marketing Management
  • Human Resource Management
  • Personnel Management Concepts
  • Methodology of Training and Development
  • Human Resource Development and Planning
  • Compensation Management
  • Industrial Relations Management
  • Corporate Communication
  • Strategic Management
  • Organisational Development and Change

The course is designed to impart holistic understanding of the functions of human resource management. The course imparts a range of skills such as, Human Resource Planning, Manpower Resourcing and Talent Retention.

Career Choices after MBA in Human Resource

Some of the job profiles that students of this course are likely to assume are:

  • Staffing Director
  • Compensation Manager
  • Employee Relations Manager
  • Placement Manager
  • Technical Recruiter
  • Director of HR Training and Development
  • Payroll Director
  • HR Entrepreneur
  • International Human Resources Professional

Scope for MBA in Human Resource

Human Resource is another area which is present in every organisation. MBAs in HR will find employment easily. They are the people who screen potential candidates, recruit, train new employees, motivate the workforce, frame the company’s HR policy and so on. The kind of salary one draws as an MBA in HR depends on the experience the person has.

4) MBA in International Business

IB

Significance-With globalisation and the resultant increase in contact among countries, businesses are exploring international markets. This has made MBA in International Business a very popular and lucrative option. Companies are looking for graduates trained in handling international business, to represent their company internationally.

Eligibility Criteria for MBA in International Business

  • A bachelor’s degree win any discipline with a minimum of 50%.
  • Entrance Exam such as CAT/XAT/GMAT
  • Clearing the Group Discussion and Personal Interview
  • No age limit for this course

Syllabus for MBA in International Business

The syllabus of MBA in International Business includes subjects such as:

  • Management Concepts and Organisational Behaviour
  • Managerial Economics
  • Accounting for Managers
  • Financial Management
  • Marketing Management
  • Human Resource Management
  • International Business Environment
  • Management of Multinational corporation
  • International Business Law
  • Global Financial Markets and Instruments
  • Foreign Trade and Policy
  • Cross Cultural Business Management
  • International Logistics Management
  • Global Marketing Management

Career Options after MBA in International Business

The job profiles of an MBA in International Business may include:

  • Export managers and executives
  • International business consultant
  • International Business Development Manager
  • International Marketing Manager
  • International Finance Manager
  • Global Business Manager
  • Export Coordinator
  • Account Manager
  • Brand Manager
  • Management Consultant
  • Investment Banking Manager

Scope of MBA in International Business

Given that the world has shrunk and come closer, businesses require professional people well versed with various international business practices to conduct business across continents. MBA in International Business can join the international market departments of companies, international placement offices, import and export departments of companies, global shipping companies, global tourism sector, international consultancy firms and so on. Jobs are available both in India and abroad in a wide range of sectors. A postgraduate in international business from a reputed institution can get an initial salary package ranging from 5-12 lakh per annum.

5) MBA in Operations

Operations

To cater to the spurt of firms involved in manufacturing, MBA in Operations was introduced as a specialised course. However, it is not restricted to manufacturing alone but covers a range of important business skills required in business.

Eligibility Criteria for MBA in Operations

  • A graduate in any discipline
  • MBA entrance exams such as CAT/XAT/SNAP/GMAT
  • Short-listed candidates will appear for GD and PI

 

Syllabus for MBA in Operations

The syllabus of the course may require the aspirants to study subjects such as,

  • Supply Chain Design
  • Enterprises Resource Planning
  • Supply Chain Management
  • Operations Management
  • Data Analysis
  • Business Analytics
  • Advanced Logistics
  • Plant Design and Layout
  • Project Management
  • Manufacturing Strategy
  • Operations Strategy
  • Manufacturing Processes

Career Choices after MBA in Operations

  • Operations Manager

  • Operations Analyst
  • Supply Chain Manager
  • Management Consultant
  • Inventory Control Manager
  • Logistics Manager

Scope for MBA in Operations

Graduates in Operations are in great demand in the industry. They have the option to pursue career in different sub fields within operations such as supply chain, consultancy, operations strategy, inventory control, logistics planning and others. Entry level salary of Operations Manager is Rs 4 lakh per annum and increases with experience.

6) MBA in Tourism

Tourism

As people’s disposable income increases, they begin to explore other cities and countries for travel. This has given rise to the Tourism Industry and increased the demand for MBA in Travel and Tourism Management.

Eligibility Criteria for MBA in Tourism

  • A graduate degree in any discipline with a minimum of 45-50% in aggregate
  • Entrance exam, GD and PI

Syllabus for MBA in Tourism

A student opting for this course will usually have to study courses such as:

  • The history of tourism
  • The tourism product
  • Destinations and destination development
  • Travel patterns and tourist behaviour
  • Tourist demand and the tourist market
  • International tourism and trends
  • Environmental, cultural, and economic impacts of tourism on nature, humans and society

Career Choices after for MBA in Tourism

With an MBA in Travel and Tourism, the students can target travel and tour companies, airlines, hotels, academic institutions, transportation and assume the following roles:

  • Information Assistant
  • Lobby Manager
  • Sales Manager
  • Travel Agent
  • Transport Officer
  • Tourist Guide
  • Travel Executive
  • Operations Executive
  • Ticketing Assistant

Scope

The travel and tourism industry is relatively new than others but is growing fast. According to estimates, it is expected to generate 13.45 million jobs. India has moved up 13 positions to 52nd rank from 65th in Tourism and Travel Competitive Index. Clearly, the industry has a positive outlook, and hence professionals in this domain need not worry. Hotels, Restaurants, Retailing, Transportation, Travel Agencies, Tour Companies, Leisure, Cultural industries and so on, will continue to provide employment to good candidates.

Types of MBA

Other than the regular MBA, there are various other types of MBA offered by the institutions, to cater to diverse groups.

1) Executive MBA

Executive MBA

Aim-Executive MBA is designed to target the need of working executives, who wish to acquire professional and managerial skills and, thereby, enhance their growth prospects in their respective job fields. The programme is of two years duration and is spread over four semesters.

Eligibility Criteria

  • Executive with graduate degree (minimum 3 years duration) in any discipline
  • A minimum of 3-5 years of full time post qualification professional experience
  • Entrance exam such as CAT and GMAT
  • Group Discussion and Personal Interview
  • Letters of Recommendation (in some cases)

Career benefits

The Executive MBA is tailor-made for working professionals, who are ready for a defining jump in their careers. It provides mid-career professionals the ideal platform to augment their existing skill sets as they endeavour to armour themselves for senior and top management roles in the industry. Candidates with the relevant experience and typically working as managers, AGMs, and Zonal Heads use the Executive MBA to launch themselves as CEOs, Vice President, GM and Senior Managers. The Executive MBA builds on the work experience of the candidates and is, therefore, much more relevant as well as closer to the practical world.

Difference between Regular MBA and Executive MBA

i. Regular MBA- Studying the program on a regular basis, having daily day classes.

Executive MBA- Open to graduates with 1-5 years of working experience. Many institutions

provide evening classes for executive MBA aspirants.

ii. Regular MBA- Aspirants who pursue this, opt for fresh private or public sector jobs.

Executive MBA- Working professionals pursue Executive MBA in order to get promotions to higher

grades in their work profiles.

2) Part Time MBA

Part Time

Part Time MBA comes as a boon for all those who want to gain a Masters degree without quitting their jobs to do so. There are a large number of people, who, for one reason or the other, are unwilling to pay the fees in advance. For them, pursuing the course while working is the only viable option.

Eligibility Criteria

  • Graduation with 50% marks
  • Institutions may ask for 2-3 years of work experience

Advantages-Part time MBA provides flexibility to the aspirant, as the classes, usually happen on the weekends, so the aspirant does not have to sacrifice work. Also, the aspirant can apply all that he learns over the weekend, in his work over the week. This means that the aspirants get to put their learning to practice immediately.

Disadvantages-Students enrolled in Part Time MBA, miss out on networking opportunities that Regular MBA accords. Part Time MBA does not give the chance to students to immerse themselves in the programme, as Regular MBA does.

3) MBA Abroad

Abroad

 

For those interested in gaining international exposure or settling abroad, it makes sense to pursue an MBA from a different country other than India.

Benefits

An MBA from abroad gives you an experience like nothing else would. The experience of living in other country is tied with experiencing that country’s culture, language, rituals and way of life and help you in your business life, as you will also get to experience different ways of doing business in the world.

Requirements

A strenuous process awaits you, if you intend to pursue MBA from abroad. The first and foremost requirement is a bachelor’s degree, preferably through a reputed university. Many MBA colleges abroad require students to have exposure to the professional work environment, hence, look for some work experience. A carefully prepared Statement of Purpose along with good recommendation letters leave a good impression and conveys your intent. The aspirant is also required to clear entrance exams such as GMAT, followed by an interview. Also, language proficiency exam such as TOEFL or IELTS are mandatory.

Cost

Cost is a major factor when considering foreign countries for pursuing MBA. An MBA abroad may cost anywhere from Rs 20 to 75 lakh, to furnish which, an aspirant may have to work through the course to recover the cost. The huge financial burden needs to be factored in before applying.

Scholarships

All the universities abroad have a scholarship program for students. As the fees is on the higher side and cannot be easily afforded by many students, the universities run several scholarship programs to ensure that no deserving candidate misses out due to lack of funds.

Reputed institutions

Some of the best institutes across the world for MBA are:

  • Harvard Business School, USA
  • The Wharton School, USA
  • Kellogg School of Management, USA
  • Stanford Graduate School of Business, USA
  • London Business School, UK
  • University of Oxford, UK
  • University of Cambridge, UK
  • University of Warwick, UK
  • INSEAD, Singapore
  • York University Schulich’s Business School, Canada
  • University of Toronto, Canada

 

4) Distance Learning

Distance Learning

Distance learning MBA offers convenience and comfort to working people particularly. People can enrol in the distance learning programme of the institution of their choice, without worrying about the distance or location of the institution from their city. The aspirant is not required to be present physically in the classrooms but has to appear for the exams only.

Eligibility Criteria

  • The aspirant should be a graduate in any discipline.
  • The aspirant may be required to clear an entrance exam such as OPENMAT for admission in IGNOU.

 

Cost

The cost of an MBA through distance learning is cheaper, as compared to a regular MBA.

Best Institutions

Some of the best institutions offering MBA through the distance learning mode are:

  • Symbiosis Centre of Distance Learning, Pune
  • IGNOU, New Delhi
  • ICFAI Business School, Hyderabad
  • Sikkim Manipal University, Sikkim
  • Annamalai University, Tamil Nadu
  • IMT-CDL, UP

5) Online MBA

Online MBA

What is Online MBA?

Another type of MBA, which has become popular these days is the Online MBA. Online MBA offers a unique learning experience to the aspirants, wherein they can customise the programme to meet personal preferences, schedules or goals. These type of programmes can be an excellent choice for aspirants, who prefer independent, self-directed study.

How it works?

In an Online MBA programme, information, courses, knowledge are distributed through the internet, rather than physical face-to-face classroom lectures. The student use the internet to watch a streaming video lecture, participate in discussions through chat forums, upload their assignments and so on.

Pros of Online MBA

Cons of Online MBA

-It offers greater amount of flexibility, round the clock support systems and can be done anywhere in the world.

-Not suitable for students who learn best through physical teaching.

-Boon for working professionals who can complete the course around their job obligations, without affecting it.

-It may lack structure, accountability and direction.

-Access to the best in the world.

-Students miss out on the campus experience which adds a new dimension to their personalities.

Info for Charts (Source- India Skills Report 2016- https://wheebox.com/logo/ISR-2016-small.pdf)

Skills required by Employers

-Integrity and Values, Result orientation- 27%

-Interpersonal skill, Learning agility- 18%

-Numerical & Logical ability- 9%

-Cultural fitment- 8%

-Communication- 6%

-Adaptability- 4%

Domain Experitse- 28%

Stay informed, Stay ahead and stay inspired with MBA Rendezvous

Crucial Dates, You Should not Miss

XAT 2018
Application Last Date 30th November 2017
IMI New Delhi
Application closes 4th December 2017
XIM Bhubaneshwar
Last Date 8th December 2017
SIBM Bengaluru
Apply for SNAP 2017 to be held on Dec 17 and apply for SIBM-Bengaluru through the SNAP Form
Institute of Rural Management Anand
IRMASAT will be conducted on February 4,2018, Apply Before December 31,2017
IBSAT 2017
Last date for IBSAT registration is December 12 , 2017
SSBF
Last date to register for SNAP is 24th November, 2017. Last date for SSBF is 2nd January 2018
SIBM Hyderabad
Apply for SNAP 2017 to be held on Dec 17 and apply for SIBM-Hyderabad through the SNAP Form
K J Somaiya Institute of Management Studies & Research, Mumbai
Last date for Application is 31st Jan, 2018
SDMIMD Mysore
Application for PGDM 2018-20 at SDMIMD is open till February 28, 2018
Institute of Management Technology
Application closes on November 24, 2017
MDI Murshidabad
Application for PGPM 2018-20 at MDI Murshidabad is open till November 24, 2017

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