" SUCCESS IS NOT A DESTINATION .... ITS A JOURNEY "
Introduction: An MBA
The Master of Business Administration (MBA) is a Master’s Degree in Business Administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out scientific approaches to management. The core courses in the MBA program are designed to introduce students to the various areas of business such as accounting, marketing, human resources, operations management, etc. Students in the MBA program have the option to select an area of specialization and focus approximately one-third of their studies in that area. Accreditation bodies exist specifically for MBA programs to ensure consistency and quality of graduate business education, and business schools in many countries offer MBA programs tailored to full-time, part-time, executive, and distance learning students, with specialized concentrations.
There are 1600 business schools in India offering two year MBA programs targeting predominantly fresh graduates without any work experience. Among those schools, the Indian Institutes of Management (IIM) are the oldest institutions for management education in India. Admission to any of the IIM schools or other business schools requires passing the Common Admission Test (CAT), XAT, GMAT, JMET, CET or MAT each of which qualifies candidates for entrance into any management institutions in India, apart from these entrance tests there are few business schools which conducts aptitude test individually which qualifies candidates for that particular business school. The IIM and other autonomous business schools offer a post-graduate diploma in management (PGDM) which is recognized in India as similar to an MBA degree.. The curriculum of the PGDM and MBA degrees are equivalent, although the MBA degree is examination oriented and concentrates on theoretical aspects of management whereas the PGDM is industry-oriented and mainly focuses on building soft skills. However, a PGDM holder cannot pursue Ph.D. since the PGDM is not recognized. Non-government accredited one-year fast-track programs have proliferated in India, especially for candidates with work experience. Such programs are commonly known as Post Graduate Program (PGP) in Business Management.
Why earn your MBA?
My reasons for earning an MBA were two-fold. One, several of my relatives hold advanced degrees and it's kind of #the thing to do# in my immediate family. Two, since high school, I've wanted to be a business consultant as I tend to do best in fields that allow me to address varied issues and problems. I'm a firm believer that as a business person you should be #cross trained# (have a well-rounded understanding of the many facets of business), and an MBA allowed me to address that belief as well as move into the business consulting field.
What makes a good MBA candidate?
A good MBA candidate should have an understanding of what the word #career# means these days#it means they will experience change. They should be prepared to experience employment changes, as well as moves to different fields and areas of expertise, just to survive in today's business environment. An MBA prepares a person for the transient nature of today's business world.
Advantages of Your MBA Degree
It's an undeniable fact that my MBA has served me well. My graduate work exposed me to knowledge and practical experiences that helped to combine my undergraduate and graduate education along with work experience into what has been a successful career#aesthetically, financially, etc.#thus far.
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