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What, Why and How to Do MBA in India? If we look at the history of the MBA, we will find that it was first introduced by Harvard University Graduate School of Administration in 1908. Indeed having these three letters, “MBA” on your resume makes you stand apart but the true meaning and practical aspects of these three letters course is a vast area to learn about. If you are looking for the answer to why MBA is important, to be specific, an MBA program helps you a lot to build the premises of your business knowledge and your professional growth.
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Though the post-graduate study program, Master of Business Administration or MBA, finds its origin in the United States it is the course that is desired globally. MBA is an apt study program, especially for those who aim to shape their career with business acumen and entrepreneurial ambitions. The thing which adds more value to this course is that no matter what academic stream one had, be it Science, Commerce, Arts, or any other stream, the doors of the MBA program are open for all.
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Post Graduation courses like MBA have also contributed a lot to the economic growth and academic standards in various countries along with India. Moreover, if talking about an individual, pursuing MBA from a prestigious B-School also leads one to get a handsome package. This is also the reason why pursuing an MBA has become a charming career in India.
Now the question arises, why should we do MBA When other such courses are also out there which provide the exposure and advantages discussed above? What does an MBA degree offer you that could make you think to pursue it as your career? Why do people do MBA? Why MBA is important? To answer this question, one has to look into the following aspects that justify why they should go for MBA:
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If you are a student who has no idea about what happens in a business nor do you belong to a business family, then MBA is truly the key source that tells you how to think and behave in a business situation. MBA helps you to know how to look at the situation from a marketing perspective or a sales perspective or a finance perspective. Overall, it gives you an understanding of how to look at a situation from a Business perspective.
When one pursues their MBA from a B-School, they live around students who are extraordinarily good, very ambitious, and talented and have already done a lot in their life. So you suddenly end up surrounded by such accomplished groups of people and that increases your confidence. Though you feel like you don’t know anything this acts as a push for you because it makes you take part in that competition and try to win. From leading in group assignments and giving class presentations to organizing huge events, MBA teaches you everything.
In addition, MBA does provide you with an opportunity to change the role or industry you have been working in. Suppose, one is a software developer or works in finance and they want to change their industry from software development to product management or marketing from finance, then an MBA is a great way to get that change because the recruiter already knows you have given your 1-2 years to a curriculum to get training that prepares you, particularly for the industry or company for which recruiting is being done.
MBA is important nowadays because, in today’s world, all the recruiters in one or another way are looking for this degree. The truth is for any business role, more and more companies or more and more recruiters expect an MBA degree from their candidates. So, if you are looking for a career in the business or management world but if you don’t have an MBA degree, it somewhat becomes a disadvantage.
But why do people do MBA in India when they are financially capable enough and have the option to pursue it outside India or in any other country? There are several reasons which justify why one should go for India when it comes to pursuing a postgraduate course like MBA:
For every course out there, India provides high-end quality education at a reasonable and affordable cost. Whereas, for an MBA, universities in countries like Europe charge even more than $ 1,00,000 which will not allow you to save a few bucks at the end of the day. Spending on studies is an investment and MBA programs in India give you a big return on your investment.
MBA is not a program that is counted as only one. In India, there are diversified types of MBA programs offered such as Full-Time MBA, Pat-Time MBA, Distance MBA, Online MBA, Executive MBA, and Integrated MBA. so, even if you are a working person, you will still be able to pursue an MBA in India. There will be no boundings on your working hours.
Over the period, the management sector in India has evolved and developed a lot so are the B- Schools. All the top management schools across the country offer quality education and a globally accredited curriculum. Goa Institute of Management, Indian Institute of Management Bangalore (IIMB), International Management Institute (New Delhi), Indian Institute of Management Ahmedabad, etc. are example of such management institutes which provide excellent exposure to their MBA students.
At this present time, India is in the position of leading emerging markets with innovations and changes popping up in every passing minute. So, it makes it more exciting to pursue a business management course like MBA at such an innovative place. Since Indian Companies are extending their global reach, knowledge, and practice of how to do business in India are becoming more important to the people, no matter wherever they are based.
In addition, India’s economic growth is also creating new and exciting opportunities for MBA students and adding value to their degrees. Big brands and big-name companies like Amazon, McKinsey, and Uber also hire those who have completed their MBAs from Indian Business Schools.
If you are planning to do MBA in India, there are certain pointers you have to keep in mind while deciding to pursue an MBA degree in India. These things mainly involve -what type of entrance exams are out there for different types of MBA courses, what are the eligibility criteria for such entrance exams, which are the top B-Schools or management Institutes in the country, and what is their fee structure, and selection criteria, etc., and these are the questions one has to find the answers for to go for MBA in India.
Advantages of MBA Completing an MBA program demonstrates a commitment to learning, developing, and applying skills that help an organization succeed.
In India, there are specifically 2 kinds of management degrees offered which are Masters of Business Administration (MBA) and Post Graduate Diploma in Management (PGDM). The former is a 2-years degree course whereas, the latter is a 1-year degree and is offered by various IIMs across the country.
Due to the change in needs of the industry standards, there have been introduced various other types of MBA/PGDM degrees and these are- Online MBA, Distance Learning MBA, and Executive MBA.
An MBA degree provides one with the opportunity you specialize in the following areas:
To pursue an MBA course, aspiring students must give management entrance exams that take place at the National and State levels across the country. In addition, they have to fulfil the following eligibility criteria to apply for the exam:
There are so many entrance exams out there through which an aspirant can pursue MBA as their career. If they fulfil the basic eligibility criteria discussed above, thereafter they are required to appear for any of the entrance exams:
Following are those management entrance exams that take place on the National Level-
Some entrance exams take place at the States Level as well-
Moreover, there are some management schools in India as well, which conduct their own management entrance exam to offer admissions into MBA Programs. These Institutes are-
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Although, it's very unlikely that you will secure a seat in top ABM with CAT 67 percentile. Here's is a breakdown to your question:
· CAT Percentile vs. Score: A CAT score of 67 typically translates to a percentile in the range of 90-95 percentile based on the provided data from previous years. While this is a decent score overall, it falls short of the cutoffs for most top-tier ABM programs.
· Cutoffs for Top ABM Institutes:
· Overall Good CAT Score: Generally, a CAT percentile of 90 and above is considered a good score for securing admission to decent MBA programs in India. For top-tier institutes, a percentile of 95 and above is often preferred.
· MBA Colleges Accepting 60-70 Percentile: While there are MBA colleges that accept CAT scores in the 60-70 percentile range, these are generally not the top-ranked or most sought-after ABM programs. The focus of those lists is on general MBA programs, not specifically ABM.
While securing a seat in ABM can be tough, you can research about other colleges, consider other examinations, to improve your application profile.
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achieving a 99.99 pecentile in the CAT exam significantly enhances your prospects for admission to JBIMS, which evaluates candidates using an application rating(AR) score, which includes
-entrance exam score (CAT/MH-CET/CMAT) : 60% weightage
-Past Academic Record (PAR) : 15% weightage (https://cracku.in/colleges/jbims/admission-process/?utm_source=chatgpt.com)
-Extra-curricular Activities/Work Experience : 20% weightage (https://jbims.edu/uploads/announcement/Revised_M_Sc__Finance_Admission_Procedure_Batch_2024-26.pdf?utm_source=chatgpt.com)
-Diversity (Academic/Gender): 5% weightage
while ahigh CAT percentile is crucial, a lower academic record may impact your overall AR score. Nonetheless, exceptional performance in other areas, such as entrance exams and extracurricular activities, can help offset weaker academic credentials. it's advisable to review JBIMS's detailed admission criteria and consider strengthening other aspects of your application to enhance your chances
To find the 2024 MHT CET answer key, you'll need to check the official Maharashtra State Common Entrance Test Cell website. This is the primary source for all official announcements and documents related to the MHT CET exam. After the exam concludes, the CET Cell typically releases a provisional answer key.
Once released, the provisional answer key will likely be available as a downloadable PDF file. You'll need to navigate to the official website, look for the MHT CET section, and find the link related to the answer key. This link might be labelled "MHT CET 2024 Answer Key" or something similar.
After downloading the answer key, you can compare your responses with the official answers. If you find any discrepancies or have objections, the CET Cell usually provides a window for raising objections. You'll likely need to pay a specified fee for each objection raised. The official website will provide instructions on how to submit your objections, which may involve logging into your candidate portal and following the provided steps.
Finally, after considering all objections, the CET Cell will publish a final answer key. This final version is considered definitive, and the MHT CET results will be based on it. Keep an eye on the official website for all updates and announcements regarding the 2024 answer key.
I hope this helps.
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Okay, so you're a bit confused about what to put in those CAT, FMS, DSE, and IIFT forms regarding your 12th scores. Since you did CBSE, they usually only consider your final 12th standard marks.
Even though you did great in 11th, scoring 495 out of 500, for these entrance exam forms, they're specifically asking about your 12th board exam marks .You mentioned you got 400 out of 500 in 12th, which comes out to 80%.
Therefore, when filling out the forms for CAT, FMS, DSE, and IIFT, you should enter 80% as your 12th percentage. The aggregate of 11th and 12th isn't typically what they're looking for in these sections. They want to know how you performed in your final board exams. So, stick with the 80% from your 12th results. Good luck with your applications!
Greetings! Here's a detailed response to your query:-
Determination of the best time to start the journey of CAT examination is based on individual factors like your current skill level, knowledge ,potential, learning pace and availability. To give yourself the best chance of success on the CAT exam , which usually takes place in November, it's advisable to begin studying between January and March of that same year. This 8 to 12-month preparation window is widely recommended by experts. But if you're managing your college along with the CAT preparations make sure you start from 2nd year onwards. It will hep you manage stress and you'll have ample amount of time to get along with the syllabus , pattern and various practice and mocks .
You'll be able to build a strong foundation in each sections and be able to know your strengths and weaknesses in different topics. The CAT syllabus is extensive, and early preparation allows for thorough coverage. Assess your learning speed and adjust your preparation timeline accordingly.
Essentially, while the ideal start time is subjective, beginning your CAT preparation well in advance is generally considered the most effective strategy for achieving optimal results.
A career as Marketing Director is also known as a marketing expert who is responsible for the overall marketing aspect of the company. He or she oversees plans and develops the company's budget. The marketing Director collaborates with the business team to plan and develop the marketing and branding strategies for the company's products or services.
A Business Development Executive (BDE) is a professional responsible for identifying growth opportunities and fostering strategic partnerships to enhance a company's market position. Typically, a BDE conducts market research, analyses industry trends, and identifies potential clients or business prospects. He or she plays a crucial role in developing and implementing sales strategies to achieve revenue targets.
A BDE often collaborates with cross-functional teams, including marketing and product development, to align business objectives. Strong communication, negotiation, and relationship-building skills are essential for success in this role. BDE strives to expand the company's customer base, drive sales, and contribute to overall organisational growth in a dynamic and competitive business environment.
Content Marketing Specialists are also known as Content Specialists. They are responsible for crafting content, editing and developing it to meet the requirements of digital marketing campaigns. To ensure that the material created is consistent with the overall aims of a digital marketing campaign, content marketing specialists work closely with SEO and digital marketing professionals.
A sales manager is a revenue-generating source for a company. Any organisation or company which sells a commodity or service requires sales to generate revenue. A Sales manager is a professional responsible for supervising the sales team. An Individual as a sales manager works closely with salespeople, assigns sales territories, sets quotas, mentors the members of the sales, assigns sales training, and builds a sales plan.
The Sales Manager work also includes hiring and laying off sales personnel after evaluating his or her work performance. In bigger entities, sales quotas and plans are usually set at the executive level. He or she is responsible for overseeing the set target or quotas met by salespeople or upholding any policy. He or she guides his or her fellow salespeople and allows them to sell.
Individuals who opt for a career as a business analyst look at how a company operates. He or she conducts research and analyses data to improve his or her knowledge about the company. This is required so that an individual can suggest the company strategies for improving their operations and processes.
In a business analyst job role a lot of analysis is done, things are learned from past mistakes and the successful strategies are enhanced further. A business analyst goes through real-world data in order to provide the most feasible solutions to an organisation. Students can pursue Business Analytics to become Business Analysts.
A marketing manager is a person who oversees a company or product marketing. He or she can be in charge of multiple programmes or goods or can be in charge of one product. He or she is enthusiastic, organised, and very diligent in meeting financial constraints. He or she works with other team members to produce advertising campaigns and decides if a new product or service is marketable.
A Marketing manager plans and executes marketing initiatives to create demand for goods and services and increase consumer awareness of them. A marketing manager prevents unauthorised statements and informs the public that the business is doing everything to investigate and fix the line of products. Students can pursue an MBA in Marketing Management courses to become marketing managers.
An SEO Analyst is a web professional who is proficient in the implementation of SEO strategies to target more keywords to improve the reach of the content on search engines. He or she provides support to acquire the goals and success of the client’s campaigns.
Digital marketing is growing, diverse, and is covering a wide variety of career paths. Each job function aids in the development of effective digital marketing strategies and techniques. The aims and objectives of the individuals who opt for a career as a digital marketing executive are similar to those of a marketing professional: to build brand awareness, promote company services or products, and increase conversions. Individuals who opt for a career as Digital Marketing Executives, unlike traditional marketing companies, communicate effectively through suitable technology platforms.
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