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Careers after B.E./B.Tech - Higher Education Opportunities

MBA : The Golden Gate to Prosperous Careers


MBA (Master of Business Administration)
is a post graduate degree recognized internationally and widely accepted as a passport to a successful career. An MBA offers a range of benefits, including:

Business Knowledge :

  • The MBA program and business schools give you valuable knowledge about business and all its related aspects.

Leadership Abilities :

  • An MBA helps to set you apart from those who do not have such expertise and can make you a leader in your chosen field.

Networking :

  • The alliances that you form with your classmates and the network that you create is deemed as one of the most important and valuable things that an MBA program can give you.
Traditionally the tenure of full-time MBA programmes has been two years. However, of late in Europe, full-time study can take anything from 10 months to two years to complete. The majority of European MBA's tend to follow the twelve month model.

The MBA opens up newer avenues and provides the modern manager with tools and skills needed to identify new opportunities for organisational success. The fruits of this qualification are reaped by fresh graduates as well as practicing managers in both public and private sectors. The key limiter being obtaining the qualification from a reputable institute.

The broad based understanding of business dynamics gained from the MBA helps in making the transition from roles hitherto limited by knowledge gained from the primary degree (engineering, arts, life sciences etc) to a management role. It is also useful to those who seek a change of career.The fact that it leads to well-paid jobs and a more secure future has made it one of the most popular postgraduate programs.

In response to the current global economic scenario, reach and scale of operations are key factors to organisational viability and success. In response to this need, companies are increasingly becoming diversified and multifaceted, thereby augmenting the scope and need for an MBA.

The best time to do an MBA depends upon why you want to do an MBA.

You can do an MBA immediately after graduation if you want to kick start your career with a managerial profile with the best MNC's in India or abroad.

You can also do an MBA after gaining industry experience, as a MBA is about training you in business management, thus industry experience would prove beneficial to further sharpen your skills and propel your career faster. Students with work experience have an added advantage in pursuing MBA abroad as international B-schools consider work experience as major criterion for selecting candidates.

There are three parameters that determine the career of management graduates.

Selecting the RIGHT Institute :
With 1100+ B schools in our country, it is important to choose the right school so that it enhances job prospects in the short term and a career in the long term. One way to choose the institute is to check the campus placements during recession. In boom time it is easy to get students placed even for a not-so-well known institute. However, during recession when employers are more discerning, if a business school can get its students placed then it is 'The School' that one should aim for. The IIMs, XLRI, SP Jain, FMS, NITIE, IITs (Schools Of Management) are some of the institutes in this category.

Choosing Appropriate Specialization : Most B-schools have an introduction to all streams for the first year. It is in the second year of the course one has to decide on the stream of specialization. Hence it is recommended that one should keep an open mind to begin with and try to understand all the streams. However, if one already has industry experience, he can take a particular stream to enhance his skills.

Understanding various specialization : This is the key variable and a lot depends on one's interests and capabilities, as well as the institutes' resources. Let us consider each specialization in some detail. This should also throw some light on the functional areas.Whilst the list of specializations offered by management institutes is expanding each year, the broad areas that students can specialize in are:

Marketing : Sales & Distribution, Product/Brand Management, Advertising, Market Research

Operations :
Quality Control, Material Management, Productivity Improvement, Inventory Control, Production Planning, Supply Chain Management, Logistics,

Finance : Consumer Banking, Investment Banking, Institutional Banking, Merchant Banking Development Banking, Non-Banking Finance, Corporate Finance, International Finance

Human Resources : Human Resources Development (HRD), Personnel Management, Industrial Relations

Systems Management : Systems Consultancy, Account Management / Project Management Systems Depts of Organizations, Business Development / Sales & Marketing

Agri- Business Management

The Organization : The third and the most important parameter that determines the career of an MBA is the organisation he works for. Better organizations, with higher scope of operations, tend to offer a higher and more challenging learning curve.

Organizations can be classified by the nature of their business. The three broad areas are: Consumer Products, Industrial Products, Services

A brief description :

Consumer Products : The focus of these companies is to sell products to individu-al consumers. Products are classified as fast moving (soaps, toothpastes); durable (washing machines, TVs) and non-durable, etc.

IndustrialProducts : The focus of these organizations is selling products to other organizations. There is a wide range of products in this category, such as chemicals, computers, EPABX sets, forgings, plastics, power plants, etc.

Services : Many organizations do not produce a tangible product, but perform a valuable function. Common examples of such service organizations are banks, agents, and accountants. This sector also in-cludes industries like exports, advertising, software, consultan-cy, and even the Planning Commission.

Placements : Undoubtedly, the IIMs offer best placements every year. The placements across all the IIMs are similar except for a few global companies preferring a particular institute. The average starting salary offered by the Indian companies to a fresh graduate is usually in the range of Rs. 6-7 lakhs per annum.

The highest Indian salary offered at the IIMs is in the range of Rs. 11-13 lakhs p.a. Some of the institutes publish the average salaries on their websites, which could be misleading. The average salaries may contain the figures of foreign salaries converted into rupees, and hence show a distorted figure. The median salary provides a clearer picture than the average salaries. You can also check the Institute Tracker at the IMS Website for institute specific information on Placements, Salaries / Remuneration etc.,

MAJOR MBA ENTRANCE EXAM'S STRUCTURE (FOR THE YEAR 2007-08

Test Name : CAT
Duration : 2 Hours 30 Minutes
Total Questions : 75
Sections : 3
Number Of Questions As Per Areas Tested In The Exam :
Quantitative Aptitude:25
Data Interpretation:25
Verbal Ability:25
Negative Marking : ¼

Test Name : JMET
Duration : 2 Hours
Total Questions : 150
Sections : 4
Number Of Questions As Per Areas Tested In The Exam :
Verbal Communication: 40
Logical Reasoning: 40
Quantitative Ability: 40
Data Interpretation: 30
Negative Marking : ¼

Test Name : MH-CET
Duration : 2 Hours 30 Min.
Total Questions : 200
Sections : NA
Number Of Questions As Per Areas Tested In The Exam :
Quantittative Ability: 97
Verbal Ability: 73
Visual Ability: 30
Negative Marking : NA

Test Name : SNAP
Duration : 2 Hours
Total Questions : 165
Sections : 4
Number Of Questions As Per Areas Tested In The Exam :
General english: 40
Quantitative, data interpretation & data sufficiency: 50
Analytical & logical reasoning: 35
General awareness: 40
Negative Marking : ¼

Test Name : MAT
Duration : 2 Hours 30 Minutes
Total Questions : 200
Sections : 5
Number Of Questions As Per Areas Tested In The Exam :
Language comprehension: 40
Mathematical skills: 40
Data analysis & sufficiency: 40
Intelligence & critical reasoning: 40
Indian & global environment: 40
Negative Marking : Differential

Test Name : IIFT
Duration : 2 Hours
Total Questions : 106
Sections : 4
Number Of Questions As Per Areas Tested In The Exam :
Data interpretation 7 logical reasoning: 27
Reading comprehension & verbal ability: 23
Problem solving: 30
General knowledge : 26
Negative Marking : Differential

Test Name : XAT
Duration : 2 Hours 20 Min.
Total Questions : 130 + 1 Essay
Sections : 3 + 1 Essay
Number Of Questions As Per Areas Tested In The Exam :
Quantitative aptitude:49
Reasoning ability & decision making:40
Verbal ability:41
Negative Marking : Differential & Progressive

Test Name : FMS
Duration : 2 Hours
Total Questions : 175
Sections : NA
Number Of Questions As Per Areas Tested In The Exam :
Problem solving+logical resaoning: 100
Verbal ability: 75
Negative Marking : 1

Test Name : IRMA
Duration : 2 Hours
Total Questions : 200
Sections : 4
Number Of Questions As Per Areas Tested In The Exam :
English comprehension: 40
Quantitative ability: 50
Analytical reasoning:50
Issues of social concern: 60
Negative Marking : ¼


 
 

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