All-Important Aspects of MBA Program to Build a Flourishing Career
Education plays a crucial role in personal development as well as nation development. You’ll see all the developed countries in the world have an excellent education system in place. India in spite of the many hurdles is making substantial progress in the field of education, particularly higher education like engineering, MBA and medical. Though there is still scope for improvement in the primary and high school education, the college and university education has got a facelift with the addition of thousands of professional programs that meet the skilled manpower requirements of different sectors. The scope for Master in Business Administration or MBA in India is vast nowadays.
Having an MBA degree in the current job scenario is both remunerative and productive in terms of career growth. Therefore, the number of management graduates has been increasing at a fast rate year after year. As India is now home to countless domestic and multi-national companies in cities like Bangalore, Chennai, Hyderabad, Delhi, Noida, Mumbai, Pune and Kolkata, an MBA in India can offer you unlimited career opportunities. Whether it is the core sector, IT sector or retail sector, the efficient management of business operations to earn profits is the eventual goal of every business concern. Here, management graduates from top MBA colleges in India come into play. These industry-ready professionals have received world-class training with strong emphasis on solving real-life problems.
Other notable benefits of acquiring a management degree are high compensation packages, strong networking by mingling with renowned entrepreneurs, business experts and leaders, thorough understanding of business processes, technologies and trends, and flexibility in education in the form of full-time, part-time, executive, online and distance MBA programs. An MBA in India can be pursued in globally accredited institutes such as Indian Institutes of Management (IIMs), XLRI-Jamshedpur, FMS-Delhi, SP Jain Institute in Mumbai, etc.
If you’ll consider the management education market in the country, it presents a staggering figure of more than Rs. 35 billion by mid-2010. It has been growing at a rate of approximately 12% in last three years. Presently, the number of business schools in India is above 1,750, including government and private institutes, distance education providers and foreign education providers. Every year, these business schools are producing more than 100,000 management graduates to satisfy the demand of diverse industries. But, this number is not sufficient in comparison to the mounting demand of MBA in India. Numerous companies have also raised the issue of lack of adequate manpower for their growing operations.
Students who aspire to pursue various management courses in top colleges need to appear for a number of entrance exams like CAT, MAT, XAT, etc. The Common Admission Test (CAT) is intended for students who want to get an admission into IIMs in Ahmedabad, Bangalore, Kolkata, Lucknow, Kozhikode, Indore and Shillong. This examination is one of the toughest ones to crack, so students have to do some serious preparation. The minimum eligibility criterion to take admission is a 3-year Bachelors degree or equivalent in any stream which must be recognized by the All India Council for Technical Education (AICTE) or the Association of Indian Universities (AIU). The CAT exam is an aptitude test having no fixed syllabus. However, the questions are principally asked from verbal ability and reading comprehension, quantitative aptitude and data interpretation and data sufficiency.
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