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Introduction




MBA (Masters in Business Administration) is a postgraduate course in management education. Amidst the plethora of career avenues available today, management stands out as one of the most popular choices. It offers a rare combination of a lucrative salary, challenging job profile, fast track growth and immense job satisfaction.


  • MBA is a two-year course, at the end of which, one is conferred with one of the following qualifications: MBA (Master in Business Administration), PGDM (Post Graduate Diploma in Management), PGPM (Post Graduate Programme in Management) or PGDBM (Post Graduate Diploma in Business Management).

  • Choosing an MBA Specialization can be as difficult and confusing as the decision to choose a career for yourself or deciding from where you want to pursue your MBA degree.

  • Finance


  • MBA in Finance offers numerous possibilities in the corporate world. MBA in Finance prepares you for exciting careers in investment banking, merchant banking, financial consultancies, international finance, corporate banking, etc. People who do MBA in Finance can go on to become Credit Managers, Investment Banking Associates, Treasurers and Finance Officers and Management Consultants 

  • Marketing


  • MBA Marketing is very dynamic and competitive. Marketing is a hard-core job beginning with sales stints and is one of the most popular MBA streams in the country. Marketing requires excellent communication skills and creative thinking. It requires creative and outgoing people with the ability to influence others.
    Generally, most MBAs in Marketing join as Area Sales Managers, Brand Managers, Marketing Managers etc. after their sales stints.

  • Operations


  • MBA in Operations offers careers in Supply Chain Management, Inventory Management, Quality Control, Logistics, Product Planning, Production Management and Shop Floor Management. An MBA in Operations requires eye for detail, negotiation skills, effective knowledge of supply chain and product life cycles, etc. Operations Manager often reach positions like Plant Manager and Chief Operating Officer (COO). 

  • Human Resources (HR)


  • The job of an HR manager forms the basis of every business. It includes Recruitment and Selection of personnel, deciding Compensation, Employee Training and Development, Job Analysis and Performance Appraisals and ensuring retention of employees in the organization. Human Resources Management is concerned with internal marketing of a company. HR Management is virtually a recession-proof job because every company, irrespective of the sector it operates in, requires HR professionals. MBA in HR requires good communication skills, dependability and confidence. 

Placements in MBA




  • Career opportunities after MBA are a function of three factors: The Institute from where you do MBA, your area of specialization & the organization you work for.

  • The quality of final placements is often used to judge how good a B-school is. It is difficult to get a figure for median salary as it depends on the institute, area of specialization and prior experience; but it generally is in the range of Rs. 10-15 lacs/annum in the top B-schools.

ADMISSION PROCESS




Most of the management institutes require a Bachelor's Degree or equivalent in any field. If you are in the final year of your degree, you can appear for CAT. However, you need to have a percentage of over 50% till your pre-final year to be eligible for CAT. Institutes like FMS, IITs and NITIE have different eligibility requirements for students graduating from different streams, which may go up to a maximum of 60%.


The selection process for most B-schools involves two stages.


    Human Resources (HR)


  • Most institutes conduct their tests between October and January. The written test is generally of 2 to 2.5 hours. duration and has sections like Data Interpretation, Quantitative Aptitude, English Usage, Reading Comprehension, General Knowledge, Logical Reasoning and Essay writing. Overall percentile is used for short listing for Group discussion/Interview. There is also a minimum percentile requirement in each section for some top b-schools. 

  • Stage II - Group Discussion and Personal Interview:


  • Based on their overall percentile score, a certain percentage of students appearing for the written test are called for GD & PI, which is held usually in the month of February or March. Based on one's performance (in GD & PI, marks in the written test, academic performance, work experience and extra-curricular background) admission offers are made in the month of March and April.

    Along with Group Discussion and Interviews some institutes may add other stages in their selection procedure. IIM- A, B, L, IIFT, MICA and KJ Somaiya also conduct written ability test and essay writing, S.P. Jain conducts Personality test, FMS goes for Extempore and some institutes such as SIBM and SCMHRD goes for Group Tasks.

  • Group Discussion:


  • A topic/case study/situation is given to a group of 8-15 students and they are required to discuss it for 10-20 minutes. During GDs, the assessment criteria, generally, are Content, Communication skills, Ability to work in a team, Initiation, Logical thinking, and Attitude. Recently, some of the B-Schools like SIBM have started conducting group activity/task. 

  • Personal Interview:


  • In most cases, (with a few exceptions of few B-Schools) GD is not an elimination process and it is the overall performance in the GD, PI and other stages that determine the acceptance/rejection. A personal interview is an interaction with a panel (of professors from the institute and/or industry professionals) in which you are quizzed on topics ranging from academics, current affairs to interests/hobbies. In an interview, clarity of goal, self awareness, good knowledge of academics and current awareness and a well-rounded personality can help you come out with flying colours. An interview may last from 10 to 30 minutes. 

TESTS FOR MBA




  • Test Name-Test Date-Website

  • XAT-5th-Jan-2014 www.xatonline.net.in

  • IIFT-24th Nov 2013 www.iift.edu

  • NMAT-5th Oct to 18th Dec 2013 www.nmat.org.in

  • CMAT-26th to 30th Sept 2013 www.aicte-cmat.in

  • MAT-1st Sept 2013 www.aima.in

  • CAT 16-Oct-2013 To 11h-Nov-2013 www.cat2013.iimidr.ac.in

  • Median Percentile In All India Test SeriesTests/Institutes You Can Apply

  • Percentile More Than  95 Recommended Tests: CAT, XAT, IIFT, SNAP.

  • Percentile Between 85-95 Recommended Tests: CAT, XAT, SNAP.

  • Percentile Between 55-85 Recommended Tests: CAT, XAT, MAT, SNAP.

  • Between 30-55 Recommended Tests: CAT, XAT, MAT, Regional State Level MBA Tests (MET, HPU-CMAT, RMAT, CET…)