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What is MBA (Masters of Business Administration)?
Master of Business Administration or MBA is one of the most popular post-graduate programmes in India and abroad. The two-year programme is a gateway to a plethora of job opportunities in the corporate world. Here are some important facts about the MBA program:
• What makes MBA such a popular course is that students from any background - including Science, Commerce and Humanities - can pursue it.
• An MBA is generally a two-year course divided into four
• One can pursue MBA in various modes, such as, Regular, Online and Distance-Education. Interested candidates can also find programmes customised based on their professional experience such as Executive MBA.
• The MBA is the most popular among all, and includes theory classes, practical projects, and internships.
• Fresh graduates as well as candidates with a few years of work experience opt for a full-time MBA. Some colleges prefer fresh graduates while some colleges give higher preference to candidates with a few years of work experience.
• On the other hand, the Executive MBA is fit for candidates with more than 5 -10 years work experience as it is designed to enhance their managerial and leadership skills to stay relevant in the job market.
• Online MBA, Part Time MBA and Distance MBA programmes are ideal for candidates who wish to study while working
Full-time MBA eligibility criteria are as follows:
• The basic eligibility criteria for MBA (full-time) is Graduation in any discipline or equivalent from a recognised university
• Most of the institutes follow the minimum score criteria in Graduation which is 50 per cent in average or equivalent. For Reserved category students, the minimum score in 45 per cent in aggregate
• Final-year Graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of Graduation degree within the duration specified by the institute
MBA courses and specialisations
Apart from the generic MBA course, there are many MBA specialisations available to candidates. It is recommended that every candidate must choose a branch or specialisation in their MBA programme since it equips them better with the requisite skills for specific domains such as finance, operations, human resources, marketing, to name a few.
Some of the most popular MBA specialisations are listed below:
• Human Resources
• IT & Systems
• Supply Chain
• Hotel & Tourism
Students pursuing MBA programme are exposed to a range of subjects. In a two-year programme, students begin with core subjects such as Organisational Behaviour, Marketing, Principles of Management, to name a few. In the second year, they are exposed to subjects such as Entrepreneurship and Business Law, among others. Often MBA schools classify these subjects as core and electives and give a chance to students to choose between the elective subjects. Listed below are some of the subjects that most MBA courses offer:
• HR management
• Business planning
• Finance management
• Principles of management
• Business laws
• Communication skills
• Business Communication
• Computer Application
• Organizational behaviour
• Retail management
• Project work
• Business environment
Scope of MBA: Top Companies
The scope of MBA is huge in the current job market. MBA graduates are in high demand in every industry and in every domain. Most of the MBA institutes provide campus placement to their students on completion of the full-time MBA course for a smooth beginning of their career.
All organisations, big or small, private or government, hire MBA degree holders in various capacities. Below is the list of some of the top companies that hire MBA graduates through campus placements.
MBA: Top Companies
• ICICI Bank
• Larsen & Tubro
• JP Morgan Chase & Co.
• McKinsey & Company
• Aditya Birla Group
• Saint Gobain
• Credit Suisse
• Asian Paints