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Masters in Business Administration - Information on MBA in India
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Masters in Business Administration - Information on MBA in India

Masters in Business Administration - Information on MBA in India

Introduction:

Masters in Business Administration (MBA) has been a very coveted and prestigious educational qualification since its inception in 19th century by USA. Being in a world of constant growth and change we need to update ourselves with knowledge and trends with a wider perspective. Today`s business requires scientific approaches and advanced methodologies for greater success and growth. In this information age acquiring knowledge and exposure on the basic nuances of business strategies and trends would help to make a great mark in business world. MBA programs seem to guide the individual towards this goal in a more scientific and innovative manner.

Why we need Business graduates with MBA:

Perfection is very important in business. Although 100% perfection is not possible, striving hard for the same would yield greater results. Experience plays a key role as a professional progress through his or her career. However learning also plays an equally important role in professional and business arena. If the professionals are equipped with knowledge regarding various business methodologies it would be possible to take confident decisions which would yield greater success. An organization would want to hire such individuals. Such quality can be achieved by doing MBA in good Business schools. In terms of one`s career any one working for a private or corporate firm would always aspire to become a manager. This MBA education would help an individual to achieve that target effectively at much faster pace by giving the right exposure.

To be successful in professional career one should not view MBA just as any qualification or degree rather consider it as an opportunity to learn more on managing and leading business. First of all only those with complete dedication and interest can get through the top B schools. If they prove themselves they would be recruited by top firms throughout the globe. People with interest and understanding in business techniques, strategies, managerial skill, leader like qualities and knowledge about management are required in industries worldwide. Being in a highly competitive era professionals with good qualification, skills and experience are in high demand.

MBA in India:

Candidates opt for MBA not only in India but throughout the world with two different goals. First is to start those who want to start their own business in other words to become entrepreneurs. The second is to gain knowledge in business so that they can climb the ladder in professional life at a faster rate to become managers or enter into management level of the organization. Majority of the professionals pursue MBA for the second reason. In India many professional take up MBA in order to get good placement opportunity. Likewise doing MBA in fine institutes in India indeed guarantees good placement.

One more thought that is common for those who aspire for MBA is whether to do MBA in India or abroad. Doing MBA in India is more a wiser and easier alternative when compared to Business schools abroad. Moreover it is advised by many business professionals that pursuing MBA abroad is worthwhile only if the candidate is able to get in one of the top 15 Business schools in the world. Moreover MBA abroad takes more than 500 thousand rupees of investment. Only those with good financial banking can opt for such an alternative. Moreover the work associated with it is even more strenuous such as applications for institutes, elaborate write ups and essays for each of them , excellent GMAT and TOEFL scores, good recommendations etc. This makes Indian MBA processes much easier. CAT exam may seem daunting however if one puts at least a part of the effort for MBA abroad in getting into MBA in India, he or she can easily crack the same. Moreover in India CAT and IIMS are not the only options there are many other exams endorsed by several good MBA institutes in India. Doing MBA in these good institutes would surely bring about very successful careers for the students. Moreover the competition in these Institutes would be favorable when compared to institutes abroad. With good Business education and experience a candidate can mark a global presence as we are in an era of globalization. It is a known fact that many international companies are investing in India for business, education and workforce.



MBA for working professionals:

Nowadays we can find engineers and graduates everywhere. Anyone who just finishes graduation is selected to work in corporate sector and the competition has become heavy in terms of growth in career. One cannot rely solely on the experience and skill. Qualification in MBA would give a jumpstart in one`s career. Any candidate who joins a company dreams of being a manager. If the individual wants to be a better and a successful manager it is always better to accompany MBA qualification along with some amount of experience. Some candidates prefer to do MBA soon after they complete their graduation so that they would directly enter into the management stream and save some time. However they would attain higher level and pay scale only after good amount of experience. In any profession or organization good amount of experience has its own good value. MBA adds some glitter and finesse to it. I have always seen aspiring professionals quoting that they need to become CEO one day. One important requirement to become CEO is good exposure, knowledge on diverse Business tactics and principles which can be achieved efficiently through MBA.

MBA for entrepreneurs:

MBA plays a very important role for individuals who want to start their own business. Becoming a successful entrepreneur is a dream for many. Entrepreneurship is not an easy task. One must be brave and confident enough to start a new business, take risks without fear, understand the market status and opportunities available in business. MBA with entrepreneurship would bring about open mindedness, capability to delve into details, worldwide connectivity, networking, teamwork, global awareness, ability to face stress and pressure at ease, the ability getting accustomed to change and bring about innovation.

Specializations in MBA in India:

Before one plans to pursue MBA one should know what they get to learn in MBA. For the past few decades MBA program was more of a generalized learning where overall concepts of business administration were learned. Nowadays specialization has gained more importance in this two year course. This may be due to the diverse business requirements in different type of industries. Also there are different types of services that need to be managed within each of the industry depending on its size. Although there are several specializations in MBA let me address few important ones here.

    MBA Finance
    MBA HRD
    MBA Marketing
    MBA IT
    MBA Operations Management
    MBA Insurance
    MBA Health care
    MBA Entrepreneurship
    MBA International Business
    MBA Telecommunication


The first five are the main and most sought specializations by working professionals. There are many more specializations that are emerging based on growing demand and diversity of industries and business. Different universities provide different MBA programs with different specializations. One more important information regarding these specializations is except for a few most top notch business schools provide these specializations in the second year. Mostly the first year would have general MBA in the curriculum. One important note for the candidate is that he or she must choose MBA as well as its specialization based on their interest levels. Only with greater level of interest they can become successful professionals or entrepreneurs.
 

MBA Finance:
MBA finance holds many lucrative opportunities not only in banks and financial institutions but also in the corporate organizations. A company that has attained a considerable growth needs good management in financial sector. This is where MBA finance professionals come into picture. Professionals with MBA finance would be equipped with all analysis related to finance, trends, budgeting, globalization of financing, acquisitions, mergers, stocks, shares, investments and develop strategies related to finance by means of analysis. Professionals with MBA finance can become account manager or financial head in financial or corporate organizations.

MBA Human Resources (HR):
Human resourcing involves dealing with all the activities concerning resources otherwise known as employees in an organization. These resources can be from corporate world or factory/ Industrial world. It is believed that human resourcing is one type of job that remains least unaffected by recession or economic slowdown because resource balance has to be maintained always by these professionals in an organization. If one wants to build up their career in human resources development then by opting for MBA HR they are taking the right choice. HR Management deals with internal working of the company which involves dealing with resources, planning for resources, dealing with attrition, making the resources understand the HR policies, training of the incoming resources, developing the resources via proper training methodologies. There are two terminologies or concepts that MBA program for HR deals with it is HRM(Human Resources Management) and HRD(Human Resources Development). The designation related to MBA HR professionals is HR manager

MBA Marketing:
MBA marketing is yet another popular and dynamic specialization among MBA programs. Marketing field is very important as it is very important for the growth of the company and especially the income or profit of the company. Good marketing strategy would ensure good success and positive growth of the company. Only if this is available one would need finance, hr and other services in a company. Many MBA professionals identify marketing as the leader among other specializations. The job responsibilities of professionals with MBA in marketing would include dynamic behavior, have good leadership qualities, management of resources, should be able to overcome the stress due to the high level of responsibility, knowledge on current marketing trends, capability on analysis and research on the same and most importantly should have excellent communication skills. The job positions for these professionals include marketing manager, sales manager, market research analyst, marketing officer, etc.

MBA IT:
MBA IT is one of the most recent and creamy specialization where the focus is mainly on management aspects with respect to Information technology. MBA IT is suitable for those who want to pursue their career and climb up the ladder exclusively in IT field. This specialization is most suitable for candidates with IT background, sound knowledge and experience in IT. The responsibility of MBA IT professionals in a corporate atmosphere would include understanding and analysis marketing capabilities in relation to both business and IT, deal with the entire project life cycle, manage IT resources, train and develop them in accordance with project, analysis and budgeting of project, Enterprise resource planning solutions development and many more. The job of these professionals would include part of HR, finance, marketing, sales, etc. The job positions would be project manager, business consultant, information officer, technology officer, etc.

MBA Operations:
Management with relation to operation includes all the operations and functions that runs in the background as well as foreground in an organization which contributes and ensures the better working of the entire system. Some of the activities include production management, vendor management, supply chain management, business process re engineering, enterprise resource planning, cost effectiveness initiatives etc. All these operations can be with respect to corporate as well as industrial (manufacturing) world. MBA operations professional would have extensive idea regarding these operations and their management. The job positions would be Chief technology officer, operations manager, production manager, plant manager etc.

MBA Entrepreneurship:
MBA Entrepreneurship programs help an individual who wants to start a business by developing their entrepreneurship skills. These skills include leadership, innovative solutions for each problem, creativity development, analysis of change or change management, being update with market scenarios and trends, planning a successful business, risk management, current trends and strategies adopted in successful businesses (small to large scale), life and methodologies adopted by successful business men. Starting a business requires a lot of courage as well as knowledge. Though there risks associated with it, benefits reaped through successful business is always considered great. There are many IIM pass outs who initially joined a professional MBA course however due to interest ventured into starting their own business and have achieved remarkable success in the same.

MBA programs in India:

There are four different types of MBA programs in India that satisfies the needs as well as suit the convenience of the candidates namely

    Full time MBA
    Part time MBA
    Executive MBA
    Distance MBA

Full time MBA:
This program is provided by most of the universities and business schools in India. The duration of this course is usually two years. This type of program is chosen by candidates who are willing to take a break in their career for 2 years. Some organizations even provide sabbatical leave for aspiring candidates to complete their MBA within the duration. Full time MBA is considered to have greater value than other programs.
Part time MBA:
This program is taken by working professionals as a part time alternative. Major organizations have tie up with certain business schools to provide part time management programs to their working professionals. Usually this program takes about 3 years to complete.
Executive MBA:
This is a special program where the higher level executives and managers are the main candidates who take up this course. This course targets certain special requirements by these executives and the program might be of short duration being full time or longer during being part time. These programs are made flexible to meet the working requirements of the professionals. Many organizations have tie up with institutes to train their professionals with this executive MBA course.
Distance MBA:
Also known as online MBA it is similar to correspondence course where the course materials are shared through email or mail. With advancement in technology and trends video conferencing and teleconferencing of live seminars are now possible in many education programs. This is effectively in use in distance MBA programs. Candidates find this option to be very flexible and comfortable. The duration is usually a flexible and extended period. If the candidates wish they can complete the exam within 2 or more years depending on the university.

how to do MBA in India:

The following pointer would help an individual through the process of pursuing MBA.

    First of all the candidate needs to decide which type of MBA program(full time, part time, etc) he or she wants to or able to take up. I have given different MBA programs in the above section.

    Then the candidate needs to find out which specialization he is more interested in. I have given the different specializations in the earlier section above.

    After deciding one needs to find the institutes that provide such programs. I have listed top institutes and shared the link about top 100 MBA institutes in India in the final section.

    Check whether what exams required to get into the institute and the initial screening process. I have given the list of institutes, linking them to the page in ISC which contains basic information about the institute. Visit the website of the institute given in the page to get the required information. I have also tried to provide the exams required to get into MBA colleges in India in the last section.

    Most importantly prepare well for the screening process and apply for the exam or course as applicable


Exams for MBA:

There are numerous exams conducted nationally as well regionally in India for MBA. Few exams that are well known or acclaimed by top business institutes are CAT, MAT, JMET, XAT, GMAT, etc. The next step would be group discussion and interview. Among the exams in India CAT exams are tough to crack where out of one hundred thousand only thirty thousand candidates receive the interview call, out of which around ten thousand to eleven thousand are selected in IIM. IIM institutes are the most preferred institutes among candidates who aspire for MBA. MAT, JMET and XAT exam is considered to be moderately difficult compared to CAT.:
Common Aptitude Test (CAT)
CAT exam is one of the renowned and tough to crack exams that is devised and organized by Indian Institute of management. Indian Institutes of Management throughout India is very much famous for its various MBA programs. All the institutes under this chain of IIM are very well recognized throughout the world and it is believed that MBA pass outs from these institutes are very well placed in good companies as Managers.
CAT exams questions are not very difficult however one needs to complete the paper giving equal preference to all sections at a very fast pace. Important tips to get through CAT exam or any other MBA exam perhaps is to prepare well before exam, understand all the nuances and most importantly one needs to have good level of confidence, cool and calm (3C) while giving exam. Good CAT score not only ensures a seat in top IIM institutes in the country but also in other good institutes as well.
The CAT exam comprises of different sections to test the candidate`s Quantitative aptitude, reading comprehension, verbal comprehension, reasoning and data interpretation. Application fees for CAT test is Rs. 1600/-. CAT exam 2011 details for reference
MAT:
MAT exam is yet another renowned exam conducted by All India Management Association AIMA. Lakhs of aspiring candidates take up this exam to get into acclaimed MBA schools in India. This exam comprises of sections that tests the language comprehension, math skills, data interpretation and analysis, critical reasoning abilities and environment. In this exam too speed matters. Most MBA exams place more emphasis on speed and reasoning. Application fees for MAT exam is Rs.1200/- AIMS MAT exam details for reference
JMET:
JMET exams are organized by IIT and IISc institutes in India. This exam provides eligibility to enter into IIT and IISc for MBA program. MAT exam comprises of sections that tests the quantitative aptitude, verbal comprehension, logical reasoning and data interpretation. Application fee for JMET exam is Rs. 750/-. Information on MAT exam for reference.
XAT:
XLRI Jamshedpur a famous business school organizes this exam and about 60 Business schools in India recognize this exam. This exam follows the similar pattern as other management exams. The application fees for XAT exam is Rs. 900/-. Information on XAT 2012
GMAT:
GMAT is a globally acclaimed entrance exam and a very tough exam for MBA. About 1900 business Institutes worldwide recognize this exam. All top notch B schools and universities (including the universities that recognize above exams) in India recognize the score from this exam. The fees for this exam worldwide is $250. More information on GMAT

Institutes for MBA:

There are thousands of colleges and universities in India that provide different MBA programs. A good institute for MBA would require good marks in either one of the exams, CAT, MAT, GMAT, XAT, JMET. As MBA is considered to be a graduation for a professional mostly it is considered to be costly. As there are thousands of business schools in India, they are divided into different slabs based on the demand and popularity. The top business schools usually provide very good exposure and ensure good placements. The fee structure of ordinary to top notch business institutions is somewhat spread within 2 lakhs to 15 lakhs. Distance and part time MBA would cost lesser than the full time programs.
I have tried to come up with the list of top few institutes (have been hyperlinked to ISC pages where you would find more information on each institute) who bring about excellent management professionals in the business world.

    Indian Institute of Management Ahmedabad:
    IIM – A is considered the top business school in India. There are various business related programs organized by this institute in relation with research, consulting and management development. The Institute considers CAT and GMAT scores.

    Indian Institute of Management Bangalore:
    IIM – B is one of the top business schools in India. This also has the same motto and features of any other IIMs. This institute too considers CAT and GMAT scores.

    Indian Institute of Management Lucknow:
    IIM – L is one the popular IIM schools in India which has the same motto as in all IIMS. This institute too considers CAT and GMAT scores.

    Indian Institute of Management Kolkata:
    IIM C is one the IIMs that has been establish initially. This institute has functioning and reputation same as other IIMS. This institute too considers CAT and GMAT scores.

 

XLRI Jamshedpur
    This institute is one of the earliest institutes established for management courses in India around the year 1949. This institute considers XAT scores.

    Indian School of business Hyderabad
    IBS is famous for its high quality programs in management. IBS offers more flexible and distance programs rather than degree. This institute considers GMAT, CAT and IBSAT scores.

    Management Development Institute, Gurgaon
    This institute has excellent infrastructure and is one of the top business schools that considers CAT exams scores.

    Narsee Monjee Institute of Management Studies, Mumbai
    This is one of the educational institute that performs extensive research with respect to management. This is a private university that has attained dynamic growth within a short period. This university accepts NAT, CAT and GMAT scores.

    S.P. Jain Institute of Management and Research, Mumbai
    This institute is also one of the prominent private institutes for management that accepts CAT, GMAT and XAT scores.

    Indian Institute of Foreign Trade, Delhi
    This institute organizes their own entrance exam for candidates who aspire to enter the institute for MBA program called IIFT entrance exam. This institute also considers CAT and GMAT scores as well.

    International Management Institute, New Delhi
    This institute is the first institute to be conducting sponsored management programs for various corporate institutions. This institute considers only CAT scores.

    Loyola Institute of Business Administration, Chennai
    This is one of the prominent institutes known for its excellent management programs that are still valued as the best in the industry till now. This university considers XAT as well as CAT scores. LIBA entrance exam is also conducted by the institute for admitting candidates.

    Xavier Institute of Management & Entrepreneurship, Bangalore
    This institute is situated in Electronic city Bangalore and is most suitable for working professionals in the near by area. This institute considers XAT and CAT scores.

    Institute of Rural Management, Anand Gujarat
    This institute was established with the initiative and support of government. This institute was formed to cater the needs of cooperative societies and rural development. The institute also organizes many research, development and training programs on the same. This institute organizes and considers IRM PRM(rural management entrance) scores.

    Bharathidasan Institute of Management (BIM)
    Bharathidasan institute is one of the leading management institutes that provide post graduation programs for aspiring individuals. CAT exam results are considered in this institute.

    Symbiosis Institute of Business Management, Pune
    This institute is one of the popular institutes which is opted by many for flexible and good management programs. This institute conducts a SNAP test for individuals who want to join for the program.

There are many more good management institutes in India. The ISC page here gives the top hundred schools for MBA.

Conclusion

Information regarding MBA is very huge and diverse with growing economic trends, business and industries. In this article I have tried to cover the important aspects of MBA which is one of the coveted education programs in India. However the Education plays a very important role in everyone`s life. MBA is an education that gives a complete perspective about business. Being in an age of globalization expansion level of business is global. Good ideas or plan alone would not suffice to start a business or prolong a business. Education over business techniques is very important. In professional perspective one`s requirement would be to climb the ladder of career to reach the management level. This is the aim of any aspiring candidate who enters to work in an organization. MBA provides versatile opportunities to satisfy their dreams regarding their career.
Introduction

Masters in Business Administration (MBA) has been a very coveted and prestigious educational qualification since its inception in 19th century by USA. Being in a world of constant growth and change we need to update ourselves with knowledge and trends with a wider perspective. Today`s business requires scientific approaches and advanced methodologies for greater success and growth. In this information age acquiring knowledge and exposure on the basic nuances of business strategies and trends would help to make a great mark in business world. MBA programs seem to guide the individual towards this goal in a more scientific and innovative manner.

Why we need Business graduates with MBA

Perfection is very important in business. Although 100% perfection is not possible, striving hard for the same would yield greater results. Experience plays a key role as a professional progress through his or her career. However learning also plays an equally important role in professional and business arena. If the professionals are equipped with knowledge regarding various business methodologies it would be possible to take confident decisions which would yield greater success. An organization would want to hire such individuals. Such quality can be achieved by doing MBA in good Business schools. In terms of one`s career any one working for a private or corporate firm would always aspire to become a manager. This MBA education would help an individual to achieve that target effectively at much faster pace by giving the right exposure.

To be successful in professional career one should not view MBA just as any qualification or degree rather consider it as an opportunity to learn more on managing and leading business. First of all only those with complete dedication and interest can get through the top B schools. If they prove themselves they would be recruited by top firms throughout the globe. People with interest and understanding in business techniques, strategies, managerial skill, leader like qualities and knowledge about management are required in industries worldwide. Being in a highly competitive era professionals with good qualification, skills and experience are in high demand.

MBA in India

Candidates opt for MBA not only in India but throughout the world with two different goals. First is to start those who want to start their own business in other words to become entrepreneurs. The second is to gain knowledge in business so that they can climb the ladder in professional life at a faster rate to become managers or enter into management level of the organization. Majority of the professionals pursue MBA for the second reason. In India many professional take up MBA in order to get good placement opportunity. Likewise doing MBA in fine institutes in India indeed guarantees good placement.

One more thought that is common for those who aspire for MBA is whether to do MBA in India or abroad. Doing MBA in India is more a wiser and easier alternative when compared to Business schools abroad. Moreover it is advised by many business professionals that pursuing MBA abroad is worthwhile only if the candidate is able to get in one of the top 15 Business schools in the world. Moreover MBA abroad takes more than 500 thousand rupees of investment. Only those with good financial banking can opt for such an alternative. Moreover the work associated with it is even more strenuous such as applications for institutes, elaborate write ups and essays for each of them , excellent GMAT and TOEFL scores, good recommendations etc. This makes Indian MBA processes much easier. CAT exam may seem daunting however if one puts at least a part of the effort for MBA abroad in getting into MBA in India, he or she can easily crack the same. Moreover in India CAT and IIMS are not the only options there are many other exams endorsed by several good MBA institutes in India. Doing MBA in these good institutes would surely bring about very successful careers for the students. Moreover the competition in these Institutes would be favorable when compared to institutes abroad. With good Business education and experience a candidate can mark a global presence as we are in an era of globalization. It is a known fact that many international companies are investing in India for business, education and workforce.



MBA for working professionals

Nowadays we can find engineers and graduates everywhere. Anyone who just finishes graduation is selected to work in corporate sector and the competition has become heavy in terms of growth in career. One cannot rely solely on the experience and skill. Qualification in MBA would give a jumpstart in one`s career. Any candidate who joins a company dreams of being a manager. If the individual wants to be a better and a successful manager it is always better to accompany MBA qualification along with some amount of experience. Some candidates prefer to do MBA soon after they complete their graduation so that they would directly enter into the management stream and save some time. However they would attain higher level and pay scale only after good amount of experience. In any profession or organization good amount of experience has its own good value. MBA adds some glitter and finesse to it. I have always seen aspiring professionals quoting that they need to become CEO one day. One important requirement to become CEO is good exposure, knowledge on diverse Business tactics and principles which can be achieved efficiently through MBA.

MBA for entrepreneurs

MBA plays a very important role for individuals who want to start their own business. Becoming a successful entrepreneur is a dream for many. Entrepreneurship is not an easy task. One must be brave and confident enough to start a new business, take risks without fear, understand the market status and opportunities available in business. MBA with entrepreneurship would bring about open mindedness, capability to delve into details, worldwide connectivity, networking, teamwork, global awareness, ability to face stress and pressure at ease, the ability getting accustomed to change and bring about innovation.

Specializations in MBA in India

Before one plans to pursue MBA one should know what they get to learn in MBA. For the past few decades MBA program was more of a generalized learning where overall concepts of business administration were learned. Nowadays specialization has gained more importance in this two year course. This may be due to the diverse business requirements in different type of industries. Also there are different types of services that need to be managed within each of the industry depending on its size. Although there are several specializations in MBA let me address few important ones here.

    MBA Finance
    MBA HRD
    MBA Marketing
    MBA IT
    MBA Operations Management
    MBA Insurance
    MBA Health care
    MBA Entrepreneurship
    MBA International Business
    MBA Telecommunication


The first five are the main and most sought specializations by working professionals. There are many more specializations that are emerging based on growing demand and diversity of industries and business. Different universities provide different MBA programs with different specializations. One more important information regarding these specializations is except for a few most top notch business schools provide these specializations in the second year. Mostly the first year would have general MBA in the curriculum. One important note for the candidate is that he or she must choose MBA as well as its specialization based on their interest levels. Only with greater level of interest they can become successful professionals or entrepreneurs.

MBA Finance
MBA finance holds many lucrative opportunities not only in banks and financial institutions but also in the corporate organizations. A company that has attained a considerable growth needs good management in financial sector. This is where MBA finance professionals come into picture. Professionals with MBA finance would be equipped with all analysis related to finance, trends, budgeting, globalization of financing, acquisitions, mergers, stocks, shares, investments and develop strategies related to finance by means of analysis. Professionals with MBA finance can become account manager or financial head in financial or corporate organizations.

MBA Human Resources (HR)
Human resourcing involves dealing with all the activities concerning resources otherwise known as employees in an organization. These resources can be from corporate world or factory/ Industrial world. It is believed that human resourcing is one type of job that remains least unaffected by recession or economic slowdown because resource balance has to be maintained always by these professionals in an organization. If one wants to build up their career in human resources development then by opting for MBA HR they are taking the right choice. HR Management deals with internal working of the company which involves dealing with resources, planning for resources, dealing with attrition, making the resources understand the HR policies, training of the incoming resources, developing the resources via proper training methodologies. There are two terminologies or concepts that MBA program for HR deals with it is HRM(Human Resources Management) and HRD(Human Resources Development). The designation related to MBA HR professionals is HR manager

MBA Marketing
MBA marketing is yet another popular and dynamic specialization among MBA programs. Marketing field is very important as it is very important for the growth of the company and especially the income or profit of the company. Good marketing strategy would ensure good success and positive growth of the company. Only if this is available one would need finance, hr and other services in a company. Many MBA professionals identify marketing as the leader among other specializations. The job responsibilities of professionals with MBA in marketing would include dynamic behavior, have good leadership qualities, management of resources, should be able to overcome the stress due to the high level of responsibility, knowledge on current marketing trends, capability on analysis and research on the same and most importantly should have excellent communication skills. The job positions for these professionals include marketing manager, sales manager, market research analyst, marketing officer, etc.

MBA IT
MBA IT is one of the most recent and creamy specialization where the focus is mainly on management aspects with respect to Information technology. MBA IT is suitable for those who want to pursue their career and climb up the ladder exclusively in IT field. This specialization is most suitable for candidates with IT background, sound knowledge and experience in IT. The responsibility of MBA IT professionals in a corporate atmosphere would include understanding and analysis marketing capabilities in relation to both business and IT, deal with the entire project life cycle, manage IT resources, train and develop them in accordance with project, analysis and budgeting of project, Enterprise resource planning solutions development and many more. The job of these professionals would include part of HR, finance, marketing, sales, etc. The job positions would be project manager, business consultant, information officer, technology officer, etc.

MBA Operations
Management with relation to operation includes all the operations and functions that runs in the background as well as foreground in an organization which contributes and ensures the better working of the entire system. Some of the activities include production management, vendor management, supply chain management, business process re engineering, enterprise resource planning, cost effectiveness initiatives etc. All these operations can be with respect to corporate as well as industrial (manufacturing) world. MBA operations professional would have extensive idea regarding these operations and their management. The job positions would be Chief technology officer, operations manager, production manager, plant manager etc.

MBA Entrepreneurship
MBA Entrepreneurship programs help an individual who wants to start a business by developing their entrepreneurship skills. These skills include leadership, innovative solutions for each problem, creativity development, analysis of change or change management, being update with market scenarios and trends, planning a successful business, risk management, current trends and strategies adopted in successful businesses (small to large scale), life and methodologies adopted by successful business men. Starting a business requires a lot of courage as well as knowledge. Though there risks associated with it, benefits reaped through successful business is always considered great. There are many IIM pass outs who initially joined a professional MBA course however due to interest ventured into starting their own business and have achieved remarkable success in the same.

MBA programs in India

There are four different types of MBA programs in India that satisfies the needs as well as suit the convenience of the candidates namely

    Full time MBA
    Part time MBA
    Executive MBA
    Distance MBA

Full time MBA
This program is provided by most of the universities and business schools in India. The duration of this course is usually two years. This type of program is chosen by candidates who are willing to take a break in their career for 2 years. Some organizations even provide sabbatical leave for aspiring candidates to complete their MBA within the duration. Full time MBA is considered to have greater value than other programs.
Part time MBA
This program is taken by working professionals as a part time alternative. Major organizations have tie up with certain business schools to provide part time management programs to their working professionals. Usually this program takes about 3 years to complete.
Executive MBA
This is a special program where the higher level executives and managers are the main candidates who take up this course. This course targets certain special requirements by these executives and the program might be of short duration being full time or longer during being part time. These programs are made flexible to meet the working requirements of the professionals. Many organizations have tie up with institutes to train their professionals with this executive MBA course.
Distance MBA
Also known as online MBA it is similar to correspondence course where the course materials are shared through email or mail. With advancement in technology and trends video conferencing and teleconferencing of live seminars are now possible in many education programs. This is effectively in use in distance MBA programs. Candidates find this option to be very flexible and comfortable. The duration is usually a flexible and extended period. If the candidates wish they can complete the exam within 2 or more years depending on the university.

how to do MBA in India

The following pointer would help an individual through the process of pursuing MBA.

    First of all the candidate needs to decide which type of MBA program(full time, part time, etc) he or she wants to or able to take up. I have given different MBA programs in the above section.

    Then the candidate needs to find out which specialization he is more interested in. I have given the different specializations in the earlier section above.

    After deciding one needs to find the institutes that provide such programs. I have listed top institutes and shared the link about top 100 MBA institutes in India in the final section.

    Check whether what exams required to get into the institute and the initial screening process. I have given the list of institutes, linking them to the page in ISC which contains basic information about the institute. Visit the website of the institute given in the page to get the required information. I have also tried to provide the exams required to get into MBA colleges in India in the last section.

    Most importantly prepare well for the screening process and apply for the exam or course as applicable


Exams for MBA

There are numerous exams conducted nationally as well regionally in India for MBA. Few exams that are well known or acclaimed by top business institutes are CAT, MAT, JMET, XAT, GMAT, etc. The next step would be group discussion and interview. Among the exams in India CAT exams are tough to crack where out of one hundred thousand only thirty thousand candidates receive the interview call, out of which around ten thousand to eleven thousand are selected in IIM. IIM institutes are the most preferred institutes among candidates who aspire for MBA. MAT, JMET and XAT exam is considered to be moderately difficult compared to CAT.
Common Aptitude Test (CAT)
CAT exam is one of the renowned and tough to crack exams that is devised and organized by Indian Institute of management. Indian Institutes of Management throughout India is very much famous for its various MBA programs. All the institutes under this chain of IIM are very well recognized throughout the world and it is believed that MBA pass outs from these institutes are very well placed in good companies as Managers.
CAT exams questions are not very difficult however one needs to complete the paper giving equal preference to all sections at a very fast pace. Important tips to get through CAT exam or any other MBA exam perhaps is to prepare well before exam, understand all the nuances and most importantly one needs to have good level of confidence, cool and calm (3C) while giving exam. Good CAT score not only ensures a seat in top IIM institutes in the country but also in other good institutes as well.
The CAT exam comprises of different sections to test the candidate`s Quantitative aptitude, reading comprehension, verbal comprehension, reasoning and data interpretation. Application fees for CAT test is Rs. 1600/-. CAT exam 2011 details for reference
MAT
MAT exam is yet another renowned exam conducted by All India Management Association AIMA. Lakhs of aspiring candidates take up this exam to get into acclaimed MBA schools in India. This exam comprises of sections that tests the language comprehension, math skills, data interpretation and analysis, critical reasoning abilities and environment. In this exam too speed matters. Most MBA exams place more emphasis on speed and reasoning. Application fees for MAT exam is Rs.1200/- AIMS MAT exam details for reference
JMET
JMET exams are organized by IIT and IISc institutes in India. This exam provides eligibility to enter into IIT and IISc for MBA program. MAT exam comprises of sections that tests the quantitative aptitude, verbal comprehension, logical reasoning and data interpretation. Application fee for JMET exam is Rs. 750/-. Information on MAT exam for reference.
XAT
XLRI Jamshedpur a famous business school organizes this exam and about 60 Business schools in India recognize this exam. This exam follows the similar pattern as other management exams. The application fees for XAT exam is Rs. 900/-. Information on XAT 2012
GMAT
GMAT is a globally acclaimed entrance exam and a very tough exam for MBA. About 1900 business Institutes worldwide recognize this exam. All top notch B schools and universities (including the universities that recognize above exams) in India recognize the score from this exam. The fees for this exam worldwide is $250. More information on GMAT

Institutes for MBA

There are thousands of colleges and universities in India that provide different MBA programs. A good institute for MBA would require good marks in either one of the exams, CAT, MAT, GMAT, XAT, JMET. As MBA is considered to be a graduation for a professional mostly it is considered to be costly. As there are thousands of business schools in India, they are divided into different slabs based on the demand and popularity. The top business schools usually provide very good exposure and ensure good placements. The fee structure of ordinary to top notch business institutions is somewhat spread within 2 lakhs to 15 lakhs. Distance and part time MBA would cost lesser than the full time programs.
I have tried to come up with the list of top few institutes (have been hyperlinked to ISC pages where you would find more information on each institute) who bring about excellent management professionals in the business world.

    Indian Institute of Management Ahmedabad
    IIM – A is considered the top business school in India. There are various business related programs organized by this institute in relation with research, consulting and management development. The Institute considers CAT and GMAT scores.

    Indian Institute of Management Bangalore
    IIM – B is one of the top business schools in India. This also has the same motto and features of any other IIMs. This institute too considers CAT and GMAT scores.

    Indian Institute of Management Lucknow
    IIM – L is one the popular IIM schools in India which has the same motto as in all IIMS. This institute too considers CAT and GMAT scores.

    Indian Institute of Management Kolkata
    IIM C is one the IIMs that has been establish initially. This institute has functioning and reputation same as other IIMS. This institute too considers CAT and GMAT scores.

    XLRI Jamshedpur
    This institute is one of the earliest institutes established for management courses in India around the year 1949. This institute considers XAT scores.

    Indian School of business Hyderabad
    IBS is famous for its high quality programs in management. IBS offers more flexible and distance programs rather than degree. This institute considers GMAT, CAT and IBSAT scores.

    Management Development Institute, Gurgaon
    This institute has excellent infrastructure and is one of the top business schools that considers CAT exams scores.

    Narsee Monjee Institute of Management Studies, Mumbai
    This is one of the educational institute that performs extensive research with respect to management. This is a private university that has attained dynamic growth within a short period. This university accepts NAT, CAT and GMAT scores.

    S.P. Jain Institute of Management and Research, Mumbai
    This institute is also one of the prominent private institutes for management that accepts CAT, GMAT and XAT scores.

    Indian Institute of Foreign Trade, Delhi
    This institute organizes their own entrance exam for candidates who aspire to enter the institute for MBA program called IIFT entrance exam. This institute also considers CAT and GMAT scores as well.

    International Management Institute, New Delhi
    This institute is the first institute to be conducting sponsored management programs for various corporate institutions. This institute considers only CAT scores.

    Loyola Institute of Business Administration, Chennai
    This is one of the prominent institutes known for its excellent management programs that are still valued as the best in the industry till now. This university considers XAT as well as CAT scores. LIBA entrance exam is also conducted by the institute for admitting candidates.

    Xavier Institute of Management & Entrepreneurship, Bangalore
    This institute is situated in Electronic city Bangalore and is most suitable for working professionals in the near by area. This institute considers XAT and CAT scores.

    Institute of Rural Management, Anand Gujarat
    This institute was established with the initiative and support of government. This institute was formed to cater the needs of cooperative societies and rural development. The institute also organizes many research, development and training programs on the same. This institute organizes and considers IRM PRM(rural management entrance) scores.

    Bharathidasan Institute of Management (BIM)
    Bharathidasan institute is one of the leading management institutes that provide post graduation programs for aspiring individuals. CAT exam results are considered in this institute.

    Symbiosis Institute of Business Management, Pune
    This institute is one of the popular institutes which is opted by many for flexible and good management programs. This institute conducts a SNAP test for individuals who want to join for the program.

There are many more good management institutes in India. The ISC page here gives the top hundred schools for MBA.

Conclusion

Information regarding MBA is very huge and diverse with growing economic trends, business and industries. In this article I have tried to cover the important aspects of MBA which is one of the coveted education programs in India. However the Education plays a very important role in everyone`s life. MBA is an education that gives a complete perspective about business. Being in an age of globalization expansion level of business is global. Good ideas or plan alone would not suffice to start a business or prolong a business. Education over business techniques is very important. In professional perspective one`s requirement would be to climb the ladder of career to reach the management level. This is the aim of any aspiring candidate who enters to work in an organization. MBA provides versatile opportunities to satisfy their dreams regarding their career.


 

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