MBA or Master of Business Administration is one of
the popular, 2 year professional courses which is the ever demanding one
in India and across the globe. It is a semester based course (mostly 4
semesters) deals with the theoretical aspects of business. There are two
types of MBA- General and Specialized, and cover different subjects
including Commerce, economics, Management etc. Post
Graduate Diploma in Management (PGDM) is equivalent to MBA, but a PGDM
graduate can’t do the PhD since it is not recognized. But now most of
the organizations/firms prefer PGDM over MBA because of the industry
relevance. There are also other programs like Post Graduate Programs
(PGP) in business for the future Managers.
Advantages or Benefits of Master of Business Administration Degree
MBA and other programs in Management are
highly demanding in the present scene because of the emergence of the
large corporate houses, MNCs and industrial giants and the world wide
economic growth. The social and individualistic view point is change
largely, were people are more concentrated on Career growth and maximize
the earning rather than job security.
MBA boosts individuals passion and hunger for success
- Acts as a Career Accelerator
- Develops the quality of Leadership and ladder to entrepreneurship
- Add value to the competency
Eligibility Criteria for MBA
Any graduates or corresponding discipline
under the recognized Indian university (or AICTE recognized bachelor
degree) are eligible for taking the entrance examination for the
program. Students who are in the final year exam are also eligible.
First the candidates have to clear the entrance examination, which is
accepted by the desired institution and have to apply to each B- School.
For example the GMAT (Graduate Management Aptitude Test) will help to
seek admission in the respected B-Schools outside the country like US,
Europe, Australasia etc. After clearing the entrance test, each candidate have to go through a set of selection process, depends upon the institutions.
Admission Procedure for MBA
As we discussed above the initial step in
getting an admission in a reputed institution is to have a decent score
in the Common admission test (CAT). The other popular MBA entrance
examinations include XAT, GMAT, JMET
or MAT etc. Most of the B- Schools in India accept any of the scores of
these tests. Different Schools have different criteria for the
admission, but generally have two stages-
- Written Admission Test( Multiple Choice test in Language, Quantitative, logical& reasoning and general business awareness)
- Personality Assessment ( The qualified student of the written test have to pass through Group discussion and Interview)
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