FAQ ON MBA
What Is an MBA?
MBA stands for Master of Business Administration.
Yeah! You know it already. Right?
Many students slog for entrance exams, crack them, go through the GD-PI drills, and finally even manage to get into a good B-School, without having any clue whatsoever about what to expect from the next two years of their lives.
Of course, they know what they’ll get two years hence – a nice little job from a massive conglomerate, and a big fat paycheck.
The Master of Business Administration (MBA) course was introduced in the late 19th century as the USA took its steps towards high-level industrialization and companies sought out scientific approaches to management.
Gradually, the course has gained immense popularity the world over, and now attracts a fantastic number of experienced professionals as well as fresher’s from a wide range of academic disciplines.
The core courses in the MBA program are designed to introduce students to the various areas of business such as accounting, finance, marketing, human resources, operations management, etc.
Further, students in MBA programs have the option of taking general business courses throughout the program or can select an area of concentration.
Though many institutes (especially in India) offer their own specialized courses, which means that the institute itself chooses the specializations for students.
What will I gain from doing an MBA?
As you pursue your MBA degree, the people you meet can be as important as the skills you gain and the knowledge you learn — maybe even more important!
Who should do an MBA?
Business school isn’t for the clueless.
It isn’t meant to be a two-year placeholder in your middle or late 20s.
Business schools look for people with a career plan that includes a legitimate need for an MBA.
So even though it’s okay to go to B-school without being sure what you want to do with your life.
You should think about possible career goals.
Also, analyze whether attainment of them would be made easier with an MBA, before applying.
The MBA is not essential for a leadership role in business.
Plenty of top executives got where they are by moving up through the ranks.
But the business school can be a great weigh station on the road to a leadership-oriented career.
By the time you graduate, you’d have spent thousands of hours in class or on group projects reading about, thinking about, and talking about a wide variety of businesses.
As a result, you’ll be better equipped than ever to make high-level business decisions.
And you’ll probably spend some time studying “softer,” people-focused coursework and projects.
Further, it will give you tools that will help you manage people in the pursuit of business goals.
In business school, you will get a chance to think through a wide range of business problems in a wide range of industries.
You’ll gain the skills needed to perform a variety of specific job functions.
Having an MBA can make you attractive to a range of employers no matter what industry you worked in before B-school.
Who is eligible for this program?
The basic Qualification/Criteria to do 2 years full-time MBA course is:
You need to have passed out graduation from any recognized university.
Passing should be with a minimum of 50% for general category and 45% for reserved category.
You may also apply for MBA entrance exam in case you have appeared for final year graduation exams.
However, need to submit documents later to satisfy the above criteria.
After MBA entrance exam you need to undergo through Group discussion (GD) and Personal interview.
(PI) Based on your final score(percentile) you may then apply for MBA admission to different colleges accordingly.