There are several diploma, under graduate and post graduate programmes in
management. But MBA which is the post graduate degree in management is considered
as the prerequisite for top management positions in the corporate world. Bachelor
of Business Administration (BBA), Bachelor of Business Management (BBM), Bachelor
of Business Studies (BBS) are some of the under graduate courses. One should
have 10+2 or equivalent qualification for applying for Bachelor courses. Normally
Bachelors programmes are of 3 years duration, but it varies depending on the
institutes.
The basic qualification for MBA is a graduation in any discipline such as
B.Com, BA., B.Sc., BE/ Btech etc. However, subjects such as commerce, economics
and mathematics would prepare a candidate better for pursuing business studies.
There are full time and part time post graduate programmes in management,
i.e full time/ part time MBA and PGDM (Post Graduate Diploma in Management/
Business administration) programmes. For better career prospects, fresh graduates
are required to enroll for 2 year full time programmes. Technically there
is no difference between 2 year full time MBA and PGDM programmes. MBA programmes
are awarded only by the universities or university affiliated colleges whereas
PGDM programmes are honoured by independent colleges. 2 year full time PGDM
programmes are considered equivalent to MBA. 1 year / part time PGDM programmes
which are meant for working executives are not equivalent to MBA. But there
are exception for some top B Schools where their 1 year programmes are considered
equivalent to MBA. So students must be very careful while choosing the programmes.
Doctoral degrees in business administration are generally only for those who
wish to pursue the academic or research sides of the field.
Selection :
Reputed Business schools admit students on the basis of a 3 stage selection
process that includes a written examination followed by a group discussion
and personal interview. Generally written examination are of two to two and
a half hour duration with multiple choice objective questions which covers
various aspects of aptitude tests like Basic mathematics (Quantitative Analysis),
English language (Verbal Analysis), Reading Comprehension, Data Interpretation,
logic, general knowledge etc. Getting a good score in this written test is
not enough to assure the seat. There will be group discussion (GD), team-building
task and personal interviews (PI). Students are admitted, based on rank lists
prepared on the performance in the written test, GD and PI. Some institutes
consider the marks in the graduation level also. Extra curricular activities
and qualifications like work experience will be an added advantage to the
candidates but are not compulsory.
Common Admission Test
(CAT) conducted by Indian Institute of Management (IIM); Management
Aptitude Test (MAT) by All India Management Aptitude Testing Service (AIMATS)
New Delhi; Xavier Admission
Test (XAT) by Xavier Labour Research Institute, Jamshedpur (XLRI); Joint
Management Entrance Test (JMET) by Indian Institute of Technology (IIT);
ATMA by the
Association of Indian Management Schools (AIMS) are the major national level
entrance examinations for admission to management courses. Even though these
exams are conducted by the respective institute for their admission, its scores
are widely accepted by many of the Indian Business Schools. MAT exams are
conducted 4 times a year while all the others are held once in a year. Certain
Business schools and universities conduct their own entrance test and some
of these include National
Management Aptitude Test (NMAT), Symbiosis
National Aptitude (SNAP) Test, Open
Management Admission Test (OPENMAT) by Indira Gandhi National Open University
(IGNOU), Written Admission
Test (WAT), IBSAT,
CEMAT etc. All these
exams follow the same syllabus and students can write 2 or 3 of these, so
that they can apply to multiple institutes.
Course Details:
The course help students to fine-tune their business analytical skills, understand
the corporate world and perform to the expectations of the industry. Students
are given solid foundation in the principles of Business management. Economics,
organizational behavior, marketing, accounting, finance, strategy, operations
management, international business, information technology management, supply
chain management and project management are the subjects covered in the management
courses. Theoretical aspects and practical issues of managing business are
taught in the institutes. All the students are exposed to the practical scenarios
through various methods of teaching. In the 1st year of the course, they are
trained in all aspects of business like marketing, finance, human resource,
operation management, production, systems etc. During the 2nd year, there
will be elective areas and the students can specialize in any one of the field
of management. The core subjects of specialisation in MBA include
Finance, Marketing, Human Resources, Production and Systems. Beside these,
there are over 20 areas of specialisations one can choose from. Retail, Hotel,
Tourism & Travel, Airport & Airlines, Hospital, Finance & Services,
International Business, Construction, Banking & Insurance etc are some
of them.
Personal skill:
Motivation and certain personal skills are needed for a successful
career in this profession. Hectic work pressure will be there and one needs
to be tactful when dealing with clients and should be patient and possess
keen business expertise. Good communication skills, leadership quality, ability
to motivate and work as part of a team, time management skills, ability to
understand and solve problems are the needed attributes. Quick thinking and
the ability to come up with new ideas are advantageous. Merely text book knowledge
will not help a candidate even though it can help him easily make a way in
this field. On the job, they have to ensure that they are in touch with the
latest practices and their skills should be kept updated. They should be aware
of the current global scenario, economics and industry trends.
Several universities abroad have tied up with many Indian business schools
to offer their International MBA programmes. Students can enroll in these
programmes, but there is a little chance for global exposure. Another option
is the twinning programme. Here students can complete the 1st year of their
course in India and can go outside to the university/ institute to complete
their course. Or they can enroll in the abroad university for their studies.
There is ample opportunity for pursuing courses in management abroad- UK universities
offer MBA as a one year programme. But one must always be careful about the
choice of the institute.