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Why MBA? - Master of Business Administration, more commonly known as MBA, is a postgraduate course that any graduate from any discipline can pursue. It allows students from multiple backgrounds to gain knowledge of business, finance, marketing, operations and every other aspect regarding the growth of businesses.
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A degree such as this allows students to increase one’s network while improving the salary prospects and allows for an easy transition into various fields.
Why study MBA? It is a fashion to think of doing an MBA without understanding what is MBA or how does it really help one’s career. Having a clarity on what constitutes an MBA would help one to take a right decision regarding one’s career.
A typical Master’s program will ensure that a student learns to practically apply the in-depth knowledge, particularly in the subject chosen and provide opportunities within that sector. But with an MBA degree, one may not need to do so. The employers of the job you apply to will see mainly 5 things:
Strategic thinking
Creative Problem Solving
Teamwork
Analytical thinking
Communication Skills
Why pursue an MBA? By pursuing an MBA degree, you show employers that you have what it takes to excel. It shows that you can handle situations in a better way than regular employees. Simply put, you gain knowledge and experience through corporate internships, case studies and projects thus, at times, making you the ideal candidate for higher positions directly as well.
As written above, an MBA can be pursued by any graduate with or without work-ex. Typically, the following programs are available for candidates planning to pursue an MBA
Two Year Full Time MBA (Residential or Non-Residential)
One Year Full Time Executive MBA
IIMs (ABC), ISB, XLRI, GLIM and many others provide this program
Part Time MBA (Three years)
FMS, JBIMS are the prominent ones
eMBA (Online)
Candidates who are interested in doing Online MBA can apply at any of the best MBA colleges offering online MBA programmes.
In a broad sense, the curriculum and course are largely similar in every university or college. What sets the B Schools/Universities apart, are the external opportunities, peers, and alumni circle.
Popular MBA specializations include
Business Communication
Data Analytics
Leadership
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The why MBA question also depends on the interest of the student. Taking up specializations in comes in the second year of the MBA course when the students is better equipped to take a decision on this.
Each college offers its timeline of core subjects and specialization based on the type of MBA. Therefore, as heavy and complicated as the curriculum may seem, the students have the liberty to choose the speed of studying, thus, ensuring wholesome learning and implementation power in individuals.
Browse Top MBA Colleges Accepting CAT Score: Location-Wise
Questions that many may have ar, ‘Why should I pursue MBA?’; ‘How is my field going to affect my salary?’; ‘How is an MBA going to help in my career?’ All these queries, and more, can not only be answered theoretically but also seen practically in the contemporary corporate world.
An engineer, a commerce graduate, a doctor, an artist, or even a sociologist have numerous options and career prospects in their respective fields. All study options and career choices have a path created for them. A student can reach great heights in their respective chosen options. But with an MBA, she or he can be much more. Why should one restrict themselves to one career option when there is an open door for multiple?
There are many. To start with, an MBA is a gateway for exponential career growth. An increased salary, and or even a total shift in career options. For example, if a writer with an MBA degree wants to change his/her career to an analyst, it is very much possible. Or if a doctor, with an MBA, wants to open a hospital, it will be much easier to get investors because the experience and knowledge of the degree will allow the doctor to tackle critical business and medical situations evenly. The transition of a career with an MBA is as smooth as a lubricated clock.
Why MBA after engineering or why after B.Sc are questions that are simple but important. The answer to this is that every dream career someday is expected to lead to a management role. An MBA equips the students with the requisite management skills that helps them juggle their professional demands with ease.
In the ever-changing business world, one has to have the business acumen to quickly adapt to the ever-changing business roles and tools required to be on top. Marketing, for example, has always existed. However, today, with internet and a rapidly growing online business structure, knowledge of Digital Marketing is a requisite to be successful. An MBA prepares a student to adapt to this change in technology or change in tools and quickly adapt to the dynamics of business.
Also, since an MBA is domain agnostic, it helps candidates to be ready for any changes in the way the business is done. An MBA ensures that the main skills are taught in a very subtle manner.
Some of the soft skills required to be successful in any business role are given below.
The 7 Soft skills which every employer look for nowadays are
Leadership
Teamwork
Communication skills
Problem Solving Skills
Work Ethics
Flexibility and Adaptability
Interpersonal skills
1. Develop or increase entrepreneurial abilities: Be it a hospital, a new business idea, or even upgrading an existing business, an MBA always comes in handy. It will allow one to not only build the brand quickly, but also build it with credibility.
2. Stepping into the global experience: Confinement to one sector may become boring for some. For example, if a cookie factory worker has only one job of mixing ingredients, she or he may get bored very quickly. But, if he/ she become aware of the various upskills open, a lot can be achieved. Such as new ways to mix ingredients, or experimenting with flavors. They can also gain the latest technology knowledge, new recipe ideas, and also create innovative ways to have fun at work.
Similarly, arming oneself with an MBA would ensure complete awareness of all the latest developments and improvements in every field in the chosen job sector. They can also stay up to date with the latest advances they can implement. Exposure to the real world is as high as the competition too. With an MBA, one can become a VIP of fresh information.
Many students and or individuals pursue a career for the sake of gaining knowledge and of course, good salary prospects. In that process, they may forget to look after their long-term career needs. An MBA will take care of that aspect. Investing in an MBA education will help secure a lifetime of opportunities. With a good start, it will become comparatively easy in the future to earn higher sums of salary later in the career of one’s choice. In case of a family business or self-made one, an MBA would be the correct support to provide the right impetus to success.
As to the question of why MBA, if you have an aspiration that needs a push, or want a gateway for freedom, and or even a practical experience, MBA is the right decision for you. You may not even need a reason to do an MBA, as long as you understand that having the degree will allow you as much flexibility and freedom in your professional and personal line of work!
Name of the Institution | MBA starting salary (per annum)* |
Rs 21.1 Lakh | |
Rs 19.17 Lakh | |
Rs. 20.1 Lakh | |
Rs 22.1 Lakh | |
Rs 18.91 Lakh | |
Rs 18.27 Lakh |
The student cannot join the postgraduate MA program directly in the second year of the MA after completing the MBA.
Universities generally expect students to begin the first year of a masters' program even though they had qualifications at the level of a bachelor's degree. The university's curriculum along with the courses are planned to give an in-depth knowledge of the subjects.
But you could opt for:
Postgraduate Studies:
Research Career: In case research interests you, then you can pursue a Ph.D. in your specific interest.
Specialized Master's Programs: Find any specific master's course that supports the career goal.
Professional Certifications:
Make a professional certification in CFA, CA, or FRM to enhance the professional skills and better opportunities in the career field.
Job Entry via MBA
After gaining an MBA from a renowned institution, it's possible to get entry into the corporate world where the diversity in the career field is assured.
In the end, it would depend on what you would like and what you are particularly interested in. It will be better if you take a suggestion from your academic advisor or career counselor.
Hello Pratik,
If your family income exceeds 8 LPA, it will affect your eligibility for the NC-OBC category under the CAT reservation rules. The NC-OBC category requires that the family income should be below 8 LPA to qualify. If you anticipate that your income will exceed this threshold, you should update your status and notify the CAT authorities .
Here's what you can do:
Email the CAT authorities
: Inform them about the potential change in your income status and request to be considered under the
General
category, if applicable. You should do this before the examination or any further processing, as your eligibility for the OBC category depends on the income criteria.
Documents and Proof
: Make sure you have a valid
OBC certificate
and any relevant documentation regarding your family income, in case they require verification. Also, be aware that if your income exceeds 8 LPA, you might need to apply under the
General
category, as the OBC-NC reservation is no longer applicable.
General Category Consideration : If your application is accepted as General, you will be evaluated based on the General category criteria, including cutoffs and ranking.
To summarize, notifying the CAT authorities is the correct approach to avoid discrepancies later, and if your income is above the threshold, you will be treated as a General candidate for the admissions process.
For more details about CAT exam you can check out an article by Careers360 whose link is given below:
Link: https://bschool.careers360.com/exams/cat
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.
Hi Shreya ,
Having a tattoo on your wrist should not create a problem during the CAT exam as long as it does not contain any content that violates exam rules , such as communication-related symbols , unauthorised messages or any text resembling formulas or answers .
For a safe side , it is recommended :
1. Inform the Invigilators : Let them know about your tattoo during the identification check , so there are no misunderstandings .
2. Follow the Guidelines : Ensure you follow all instructions regarding permissible items and dress code on the exam day .
Hope this helps you .
ALL THE BEST .
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Hello,
Yes, you can also join IIMs two years after graduation, depending upon the justification in interviews and your performance in entrance exams. If you are not sure about CAT, try those other management exams less hard:
Common Management Admission Test: Easier than CAT; 4-5 months of continuous preparation will suffice.
MAT : Much easier and takes place thrice a year.
SNAP (Symbiosis National Aptitude Test): A bit easier than CAT, apt for Symbiosis Institutes.
Xavier Aptitude Test or XAT : Hence, easier than CAT but the unique decision-making section.
Use exams like CMAT and MAT as a challenge to be competitively prepared. This can be given about 4-5 months, along with a few rounds of mock tests and smart studying.
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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