Career in MBA

MBA(Master of Business Administration) is the most popular two-year postgraduate course which will give you better job opportunities. MBA degrees and BBA degrees are related but it’s not compulsory to do BBA before MBA. Students from any bachelor’s degree and from any stream of Science, Commerce, and Humanities can pursue career in MBA after B.tech, BSc, BCA, etc. This course will boost students’ level professionally. Students get confused in language, this course is in English language and not in the Hindi language in any B-school because nowadays English is essential to job criteria. You will learn about business management, how to do business effectively, and required business concepts, here work in business is not just about family business but working as a manager in big companies too.

Admissions

You can take admission in B-school for integrated MBA course after 12th, which is a five years (BBA + MBA) course. There are two types of MBA courses: general MBA and specialized MBA. In general MBA, you will study management subjects in the first year and optional subjects in the second year. In a specialized MBA, you choose the subject for the specialization of your choice first and study on the chosen subject for two years.

There are part-time and full-time MBAs. Then there is an executive MBA for working professionals that require four to five years of experience. Then there is a distance MBA, where you go to college only when you have exams. When to pursue an MBA depends on the goal. 

There are different types of colleges

• Colleges that give admission after graduation
• Colleges that give admission after two or three years of work some of which are:
  • The University of Pennsylvania Wharton
  • Indian School of Business
  • Indian Institute of Management Ahmedabad
  • Indian Institute of Management Bangalore

There are other colleges than IIM for admission too but IIMs are best. There is also group discussion and personal interview for admission in some colleges.

Entrance exams and preparation

Students after completing a bachelor’s degree can get admission in post-graduation after preparations. Because doing post-graduation with the top colleges will give you benefits in all your areas, and companies do not give much attention to students from average colleges unless you are really good in the field. And that’s why giving your time in entrance preparation with a part-time job or without a part-time job is better to prepare yourself for a good future. 

There are entrance exams for MBA like CAT, CMAT, XAT, GMAT, etc. You will need 50% in your graduation to be eligible for entrance exams. You can get an IIM (Indian Institute of Management) after clearing the CAT exam, which is a prestigious MBA college. Top colleges give admission through the CAT exam and that’s why it is important from other exams.

You can get IIMs college options in Indore, Ahmadabad, Bangalore, Kolkata, and Lucknow. You can appear for CAT (Common Admission Test)  examination (near about November) once in a year and the form comes one time in a year (near about August) and passing it allows you to take admission in any one of the top 20 IIMs colleges. Due to the acceptance of CAT scorecards by 100 of b-school CAT is best to prepare for.

In the CAT online exam, there are three sections:

• Quantitative Aptitude
• VARC (Verbal Ability and Reading Comprehension)
• Data Interpretation and Logical Reasoning

There are 100 questions (descriptive and MCQs questions) you will get 3 marks for a correct answer and minus 1 for the wrong answers.

Course fees and Duration

Banking, finance, marketing, foreign culture are some business courses available. You can take some of the popular specializations of your choice of MBA field from HR (Human Resource), Banking, Finance, Marketing, Information technology, Accounting, Internal trade, etc. Fees go from 1 lakhs to 20 lakhs according to your college. A full-time MBA is of two years and there are four semesters in course, semester exam is every six months for students.  

Job opportunities and packages

Students get good job opportunities after completing their MBA. Some of the job areas are:

• Banking sector: Accounts manager, Investment banker, HR manager, Credit/Loan manager.
• Education sector: Lecturer professor, Coaching Institute, Online teaching, Teacher, Professor.
• Government jobs: SSC-CGL, Clerk, Civil services, Railway Grade A officer, Specialist officer.
• Finance sector: Portfolio manager, Stockbroker, Equity research analyst, business consultant.
• Sales/Marketing sector: Management Consultant, Sales, and Brand Manager, operation manager, Research and development manager.
• Self-employed: Startup, an entrepreneur, freelancing, consulting.
• Other: Event manager, Economist, Digital marketer, Consultant, and Hotel manager.  

Students from top MBA colleges easily get 10 lakhs to 24 lakhs per annum. Placement packages differ from colleges to colleges MBA from an average college will give you starting package from3 lakhs to 4 lakhs. Experience, a degree from a good college, hard work, and skills are an important part of good packages for students.

Also Read:

10 Tips to crack MBA entrance exams.