MBA in Agri-business Management: A Boost to the Economy’s Lifeline
MBA in Agri-Business Management - Indian economy, which is heavily dependent on agriculture, is bound to suffer if skilled professionals are not employed in sufficient numbers to manage the crucial sector. An MBA in Agribusiness programme is designed to meet the needs of students who are interested in careers with agricultural input supply, agricultural production, commodity assembly and processing, and agricultural marketing organizations. A specialised MBA in Agribusiness Management programme offers golden opportunities to be involved in various areas of agriculture such as finance, production and land management. Let’s find out more about MBA in Agri-Business Management, its requisites and career opportunities in depth.
What is Agribusiness Management?
It is the management and marketing of agricultural products such as crops and livestock. The Agribusiness field entails farming, resource management and conservation of crops. The objectives of the programme are to increase the productivity and commercially promote agriculture activity. It is designed to meet the needs of students who seek a career and want to enhance the status of India’s agricultural sector . Those interested in the Agribusiness sector can pursue programme like Post Graduate Programme in Food and Agri-business Management that is offered in leading B-Schools such as IIM Ahmedabad and Institute of Agribusiness Management (IABM).
MBA in Agribusiness: Opportunities Ahead
An MBA degree in Agribusiness offers golden opportunities to be involved in various areas of agriculture such as finance, production and land management. It is also related to marketing, financing and management of food production. Agribusiness Management programme opens up diverse career options in the field. The career options are similar to any business, but with a focus on agriculture.
The Goal of Pursuing MBA in Agribusiness
The objective of the two-year Post Graduate Programme in Food and Agri-business Management is to turn young men and women into proficient professional managers for the food, agriculture, rural, agri-business and allied sectors. The programme caters to the needs of organisations helping these sectors, both domestic and international.
Agribusiness Industry - Road Ahead
Agriculture plays a dominant role in India’s growing economy and majority of people in the rural sector rely on agriculture sector as their primary means of livelihood. Apart from agriculture, forestry and fisheries are also important allied sectors contributing to the country’s GDP. As per the India Brand Equity Foundation (IBEF) report (quoting the estimates by the Central Statistics Office), during 2016-17, the share of agriculture and other allied sectors, including forestry, livestock and fishery, contributed 17.3 percent of the Gross Value Added (GVA).
India’s economy is heavily dependent on agriculture, with more than 65 percent of the population depending on it for their occupation, though there is a lot of under-employment. This calls for major skill development, which can then utilize a major chunk of professionals for betterment of Indian agriculture sector.
In India, the agriculture sector is anticipated to get better thrust in the coming years due to increased flow of investments in agricultural infrastructure like warehousing and cold storage, irrigation facilities.
MBA in Agribusiness – High on Demand
At least 1,27,000 candidates apply for IIM Ahmedabad’s Two-year Post Graduate Programme in Food and Agri-Business Management (PGP-FABM), which reflects the growing popularity of the programme.
Prof. Viswanath Pingali,
Chairperson, IIM Ahmedabad
Transforming graduates into professionals
Careers360: How does specialization in ‘Agribusiness Management’ give an edge over a general management programme in terms of job prospects and career growth?
Prof. Viswanath: IIM Ahmedabad’s commitment to the agri-business sector dates back to its inception, when the institute accepted managerial issues related to agriculture, food, and other socially significant sectors as part of its thrust areas. In pursuit of this goal, a Special Program in Agriculture (SPA) was started in 1974. Today the SPA has evolved into the two-year Post Graduate Program in Food and Agri-business Management (PGP-FABM), established to transform dynamic and determined graduates into tomorrow’s leaders and decision makers in the food, rural, developmental, and allied sectors. The PGP-FABM program is a sector-specific program firmly rooted in IIMA’s management culture and philosophy.
Careers360: What is the seat capacity for PGP-FABM?
Prof. Viswanath: The number of seats keeps changing based on our internal discussion. In 2016 we admitted 46 students.
Careers360: What is the USP of the specialization?
Prof. Viswanath: The USP of the Post Graduate Programme in Food and Agribusiness Management is to transform graduates into competent professional managers for the agriculture, food, agri-business, rural and other allied sectors.
Dr Y. Sudarsan,
Emphasis on Practical and virtual aspects
Careers360: What are the job prospects in agri-business management?
Dr. Sudarsan: In agribusiness Management, emphasis is given on practical and virtual aspects of farmers and farming practices. This field has vast scope in various agricultural sectors like crop protection, dairying, fertilizer industry, logistics and Supply Chain Management, seed industry etc.
Careers360: What is the USP of this specialization?
Dr. Sudarsan: It is providing best quality of exposure in various fields along with quality education and awarded with best educational institution in Agribusiness sector. We at IABM ensure 100 percent placement of students in agri-input and related industries since the inception of the institute.
Careers360: What have been the changes in the curriculum over the last two-three years?
Dr. Sudarsan: The institution has revised the course schedule and introduced recently the industrial outreach programme, which is expected to identify the specific problems of farmers and industries in the study area and enable students to come out with possible solutions. We have introduced some important courses like Data Science and Human Resource Management and Competency. Apart from that we have introduced live projects, which will enhance the entrepreneurial, and problem solving skill of the students.