:-ABOUT MBA:-

ABOUT MBA

CAREER OPPORTUNITIES AFTER

MBA

There is unprecedented competition in

the marketplace today. The need to
understand consumer desires and cater to
them has become the norm for existence
and survival in business. Thus, the
necessity for enterprising managers with
a global vision arises. Management
education has received a great boost in
the post-globalisation era. Premier
institutes have descended upon the
scenario with programmes aimed at
carving out well-rounded personalities
who can confidently walk through the
portals of the corporate world

An MBA is a post graduate degree in

business communication. MBA stands
for Masters of Business Administration
and is a very popular course for business
students the world over. The MBA
program is recognized worldwide and is
considered as a major step towards a
successful business management career.

An MBA degree is one of the most

sought after degrees in the world because
of its value to people in business and
administration. Irrespective of the
industry or profession that you are in, or
regardless of the condition of the
economy of your country, an MBA
degree can benefit those in positions in
business and management, especially
those in executive and managerial
positions.

An MBA program strives to equip its

students with all the necessary
knowledge, theoretical as well as
practical, which can benefit them
tremendously in managerial and
administrative jobs. This does not apply
only to business, as is usually understood
by most people, but can also benefit
people to get into executive positions in
the public sector and government jobs as
well. This gives the MBA degree a global
appeal and worldwide recognition.

Since its inception in the early 1900s and

especially in the last two decades, the
MBA program has evolved tremendously
and has witnessed the following trends:
Programs of shorter duration as a result
of the highly competitive mature of the
education industry and also in a bid to
make the course less expensive, while at
the same time not sacrificing on the
quality of the course and the value of the
MBA degree

Functional areas of management

comprise Human Resource Management,
Operations Management, Marketing
Management, Information Management,
Financial Management, Strategic
Management and Organisational
Behaviour. At the end of an MBA
programme, the graduate emerges with
an upper level knowledge of functional
managerial and business issues as well as
new conceptual skills ready to meet the
demands that are set by the competitive
business environment.
However, in addition to developing
strong technical skills, today’s managers
must be able to influence people, interact
with a broad spectrum of colleagues,
customers and suppliers; and negotiate
with individuals from all walks of life.
They must know how their company
relates to competitors in both the micro
and macro business environments.

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OR

MBA:-

Career in
Vogue:
Masters in
Business
Administration
Upon comple
MBA leads to
responsible p
in business, t
critical mana
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the growth o
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MBA program
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what’s more,
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Advantage M
What's in St
You?
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avenues: An
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and skills ne
identify new
opportunitie
organization
success. MBA
programs are
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approaches th
traditionally h
managing
organizations

Understand
business dy
better: An M
provides a pe
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understand th
nuances of b
and the dyna
involved in m
it. An MBA is
for anyone w
to refocus his
career.

Get Picked
Best: Why
Companies
MBAs?
The foremost
that corporate
recruiters loo
find in MBA
candidates ar
• Sound

communi
and
interperso
skills
• Ability to

and strate
 • Leadersh
Call it the eff
globalization
combat comp
companies to
taking all me
ensure profe
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of their funct
These chang
business env
have a natur
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the kind of pe
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companies,
irrespective o
that they are n
graduates or
experienced
racehorses.

MBAs Rema
Top Choice
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certain profe
characteristi
innately pres
most MBA re
1. Emphasi
professio
2. Stres
deliverab
deadlines
3. Bette
understa
 a compan
integrated
functiona
4. Intern
mobile an
sensitive t
cultural d

Identify the
in You: The
Step Proces
Self-assessm
Self-assessm
should be the
step in any m
career or life
decision.
Take time to
your experie
your abilities
ambitions.
Understand
career path;
planning and
timeline requ
achieve it. Ass
that the MBA
help you achi
goals, what is
you want to le
gain through
program? If y
assess well, yo
in a better po
understand y
strengths and
opportunitie

Define you
path
To understan
you see your
years from n
most import
is to define y
career path;
the choices y
to make to ta
charge and fu
your goals?

What make
good MBA
candidate?
Apart from po
a good aptitud
are a number
qualities that
schools look f
before selecti
student. The
you can do to
the B-school
good candida
are, but you
be clear abou
own abilities
goals. Are yo
and sincere?
have enough
knowledge a
school and th
that you are a
for? How focu
you with resp
your career go

The Other S
the Coin: Th
Life
As in all caree
is a flip side to
an MBA. Tho
a huge deterr
should know
the life of an
well.

A bit of a rea
here, but the
life of most M
especially du
training peri
formative ye
organization
extremely he
of the primar
reasons being
performance
pressure. Mos
are at the helm
affairs for bus
concerns invo
decision and
making that d
a lot physicall
mentally. The
spearheading
departments
responsible f
the whole tea
and every de
you take affe
just you, but
your entire te
impacts the e
organization

But then, wh
without chal
you feel that y
made for tack
head-on, and
excited about
work being
meaningful, w
you waiting fo
MBA is a grea
step towards
dream destin
OR

A Master's in Business
Administration (MBA) is an
advanced degree offered by
most business schools to
college graduates who
(preferably) have had a few
years of work experience. Both
the quantitative and qualitative
skills taught in MBA programs
are qualities that are in high
demand in the real business
world. If you decide not to
pursue an MBA, it is possible
that you are making a decision
that will hinder your future
success in the corporate world.

There is also a substantial gap

in pay between those with
MBAs from top schools, and
those who graduate from
lower-ranked institutions.
Because the stakes are so high,
seeking expert advice and
meticulously preparing your
application are essential for
your future success at a top
business school.

Interacting with a network of

well-trained and educated
business contacts while in
school is excellent practice for
your re-entering the business
world full-time post MBA.
Working closely with others
and finding common ground
with your fellow students
provide you with training for
any future positions with much
higher stakes.

OR
MBA An Overview

The MBA degree opens up worlds of

opportunity for its bearers. Many
business positions require an MBA
for advancement. For example,
investment banking and
management consulting firms hire
large classes of newly minted MBAs
each year at six-figure salaries into
the "associate" level -- those
without MBAs generally don't
advance past the "analyst" level. At
major consumer products
companies like Procter & Gamble,
Kraft and Colgate-Palmolive, MBAs
are hired as "assistant brand
managers" into the brand
management department -- those
without MBAs are generally not
eligible for the department. And it is
from this function that these
companies' senior executives are
generally drawn.

There are two kinds of MBA

institutes in India -- a handful from
which you leave with a pedigree and
the vast majority which offer just
degrees. In the first category lie the
IIMs, XLRI and, to a lesser extent,
FMS and Bajaj -- the institutions
which pioneered the concept of
management education at a time
when the IAS was a far more
wanted career path.

In the second lies a vast array of

institutes -- the good, the mediocre
and the dubious. Evaluating the
value proposition in the latter
category is the daunting task faced
by the majority of MBA aspirants.

Although numerous B school

rankings may be published every
year, it rarely if ever alters the
recruiter's pecking order. For 'class'
or the jobs requiring brainwork, it's
a select few institutes. For 'mass' or
the groundwork jobs, it's down the
B school ladder. And how low down
this ladder a company will go
depends on how many fresher it
requires.

With so many new sectors opening

up -- retail, insurance, BPO,
telecom -- it would seem the job pie
has grown exponentially. True,
except that B school you graduate
from often still determines whether
you eat your slice at the chairman's
table. Many companies follow
differential recruitment policies.
Better salary, designation and job
profiles are offered to the more
premium grads.

But, in an ironic twist, one man's

Cat can be another's Dog. Several
 reputed companies -- especially
ndian ones -- prefer to recruit from
less elite campuses. These MBAs,
they believe, work harder to prove
themselves and are far more loyal
to the organisation.

It's a different thing that, given half

the chance, the same MBAs would
jump to join the very MNCs that
won't touch them

Why Consider MBA?

Companies should seriously consider

MBA if they believe they could and
should be doing a better job tapping
the full potential of their employees'
knowledge, experience and skills in
accomplishing the organization's
objectives.

This belief may have arisen due to

problems related to sales,
product/service quality and delivery,
after sales service or any of the
other aspects of the organization's
operations resulting in less than
optimal profitability.

To the extent that these problems

are rooted in "people problems",
they may be the result of employees
not caring about their job or the
company, being unwilling to go the
extra mile or take responsibility for
their actions, and poor teamwork or
cooperation between different teams
and departments. Such employee
attitudes and behaviors are typically
rooted in poor communications and
a lack of mutual trust and respect.
In situations where communications,
trust and respect are lacking,
particularly between management
and employees, companies
invariably experience "people
problems" that cause needless
expense and reduce profitability.
MBA is uniquely designed to address
these issues.

Nevertheless, companies cite a

variety of reasons for adopting MBA:

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 Need to improve the
company’s performance: When
management concludes they need
the active help and involvement of
the entire organization to improve
the company’s performance.

 Need to turnaround a
negative culture: When
management feel their efforts to
move the company forward are
being de-railed by a lack of real
support or cooperation among the
employees.

 Realization that there has to

be a better way: When
management recognizes they no
longer could or should carry the
entire burden of responsibility for
the company’s success or failure on
their shoulders alone.

 Belief that you get what you

give: When management believes
employees respond to a good work
environment, challenging
opportunities and an equitable
compensation program by being
more productive.

 Desire to give something

back to the employees: When
management wants to reward
employees by offering them a share
in the company’s financial success
and by providing them with
opportunities to further their
careers.

Many MBA companies appear to

have been relatively enlightened in
their management practices prior to
adopting MBA but, for a variety of
reasons, failed to tap the full
potential of their organization’s
capabilities. It’s the integration of
the various management practices
or components of the MBA system
and the discipline demanded by the
system that has the power to bring
about the culture of ownership and
enhanced performance.