MBA Entrance Exam, Courses, Syllabus
The Master of Business Administration (MBA) is a master’s degree in business administration. MBA is a two year program where students have the option of taking general business courses throughout the program or can select an area of specialization viz accounting, finance, sales information technology etc. All these aspects give students opportunity to learn various factors like laws, trends, markets and economies that effect businesses and they are also exposed to ‘real-life situations’ which gives them feel of real pressure of business.
MBA programmes are designed such that students gain exposure to theory and practice alike. Learning is through lectures, case studies, and team projects. All the subjects together help students to view the big picture of business and its market. It provides good networking opportunities and adds to student’s expertise. It gives them the confidence of starting their own business.
MBA study allows you to investigate business concepts in a disciplined and holistic way, and equips you with the necessary frameworks and models to analyse real world business problems and opportunities.
Multiple Domains of Specialization in MBA
India has become a big market for global players. India has witnessed a big economic boom in Indian business in certain sectors like telecom, information technology, health care and retail. And such boom has given rise to new areas of specializations. With this B- Schools offering customized industry specific courses are in huge demand. Lakhs of students who have done specialization in MBA courses are getting multiple job opportunities with attractive salary packages.
The various areas of specializations for MBA aspirants are as follows:
1. Marketing Management : It is a front end job which requires excellent communication skills, resource mobilization skills, enthusiasm to excel and make top level positions in field of sales and marketing. The aspirant starts with sales then with passage of time and experience becomes Sales executive and Brand executive.
2. Financial Management : Finance in MBA (covers Corporate finance, Costing, Budgeting, International Finance, Working Capital Management, Investments and securities) exposes one to plenty of job opportunities in leading banks, security markets, brokerage firms, non banking finance companies etc.
3.Human Resource Management : MBA in Human Resource (covers plant personnel, corporate personnel and human resource development). It offers a whole range of activities related to employees. Aspirant can get job in factories for recruiting workers, looking after administration, appraisals, payrolls, discipline, union negotiations. In corporate Personnel area one can make policies for entire organization and make important contribution in development of company. Human Resource Development involves long term vision for recruitment, staffing, organization structure work environment, employee retention etc.
4. Operation Managements : It equips one to deal with Production Management and opens career in field of material and supply chain management, quality control, logistics, inventory control, production planning and improvement.
5. System Management : As the volume of transactions in a corporate body is vast so there is need to establish a system of procurement, stocking, display, sales, cash management etc. which can be done only with help of Information technology tools. So software engineers and IT students have a great scope and hope in this field.
6. Health Care Management : MBA in this field gives excellent job opportunities to various graduates and post graduates from Life Sciences, Pharmacy, Microbiology, Biotechnology, Nursing, Medicine, Physiotherapy, Ayurvedic, Dentistry, Homeopathy, Veterinary Science and Paramedics to get mid to upper level managerial positions in health care facilities, pharmaceutical firms, insurance companies, long term care facilities and public health agencies.
7. Entrepreneurial Management : MBA in this field is best for students who wish to start their own business from the scratch. It empowers them with necessary knowledge, skill and effective investment plans to take initiatives and utilize the available sources in best possible way.
8. Hospitality and Tourism Management : Lucrative career waits for students who do MBA in hotel management and tourism as there is scope of wide range of all types of jobs in this field.
9. Agri – business Management : It has been designed to serve agro business and allied industries. It is about technology implementation in production, supply chain management and harvest management.
10. Telecom Management : Technology married to market gave birth to telecom industry. Telecom industry is getting more and more privatized which is making it a profitable sector. There is a big need of manufacturers, suppliers and service providers. Hence there is a great demand of trained telecom managers to manage and propel these services.
11. Retail Management : There has been a noteworthy participation of international brands and growing purchasing power of the active middle class. This has churned the retail industry to a great extent. The retail sector in India is about to witness a growth of 7 percent per annum as per a recent commerce and industry survey report. MBA scholars of this field are getting handsome packages for processing merchandise shipments, profitability of store sales , client negotiations and administration of stores.
These are just few examples of popular fields but other than these, there are many other fields also in which aspirants can do MBA and make a mark for themselves like Real estate, Insurance and risk management, International tourism etc.
Special features of MBA
Unlike other Masters programmes which provide further specialization in a specific field, an MBA is interdisciplinary drawing from the fields of psychology, sociology, economics, accounting and finance.
MBA presents unique opportunities to meet key personalities in form of guest speakers. They not only share their wealth of experience and knowledge with students but also bring with them a network of contacts for you to utilize.
MBA provides the drive, determination and time management skills to handle the pace of a demanding job
Most of the business schools recognize MBA both as a professional and academic degree. Even after completing your MBA, students can continue their doctorate in any other discipline.
MBAs are primarily for those seeking to switch careers (typically into finance or consulting roles) or for progression within an already established career.
MBA introduces business concepts in a disciplined and holistic way, and equips students with the necessary frameworks and models to analyze real world business problems and opportunities.
The activities in which MBA aspirants get involved forces them to interact with people and, in turn, they grow as all round persons.
Refer MyCareerLift.com article section for more informative stuff on MBA.
Entrance Exams to get into MBA
Today, many top notch B-Schools in India offer specialization in different disciplines of business management. They either affiliate themselves to a common national level entrance test or take their own aptitude test to select candidates.
Some common national level entrance exams to enroll in the finest B-Schools of India are:
1. CAT: All IIMs' and more than hundred institutes
2. XAT: XLRI Jamshedpur, XIM Bhubaneshwar, S. P. Jain, GIM etc.
3. SNAP: Institutes affiliated with Symbiosis University
4. MH-CET: Colleges in Maharashtra
5. CMAT: All India Council of Technical Education (AICTE)
List of individual tests of some other finest B-Schools of India are:
1. IBSAT: ICFAI Business Schools
2. NMAT: NarseeMonjee Institute of Management Studies, Mumbai
3. MICA: Mudra Institute of Communications, Ahmedabad
4. IIFT: Indian Institute of Foreign Trade, Delhi and Kolkata
|S.No.||Entrance Exam||Institute||Eligibility||Tentative Month|
|1||CAT||Indian Institute of Management||50% in Graduation||November|
|2||IRMA||Institute of Rural Management Anand||50% in Graduation||November|
|3||IIFT||Indian Institute of Foreign Trade||50% in Graduation||November|
|4||MAT||All India Management Association||Graduation in any Discipline||September, December, February & May|
|5||SNAP||Symbiosis International University||50% in Graduation(regular degree)||December|
|6||IBSAT||ICFAI||50% in Graduation||December|
|7||NMAT||NMIMS||50% in Graduation||December|
|8||XAT||XLRI, Jamshedpur||50% in Graduation||January|
|9||TISS||Tata Institute of Social Sciences||Graduation in any Discipline||January|
|10||ATMA||Association of Indian Management Studies||50% in Graduation||February|
|11||CMAT||AICTE||50% in Graduation||February|
National Level MBA Entrance Exams
|S.No.||Entrance Exam||Institute||Eligibility||Tentative Month|
|1||MAH-CET||Directorate of Technical Education, Maharashtra State||45% in Graduation in any discipline||February/March|
|2||CUSAT||Cochin University of Science and Technology||Graduation in any Discipline||June|
|3||PAM-CAT||GNDU, Amritsar / PTU, Jalandhar / Punjbai University, Patiala||Graduation in any Discipline||June/July|
|4||MET-MP||Madhya Pradesh Professional Examination Board||50% in Graduation||July|
|5||TANCET||Anna University, Chennai||Graduation in any Discipline||May|
|6||OCET||Punjab University, Chandigarh||Different Eligibility for Different course||June|
|7||UP-SEE||UP Technical University||45% in Graduation in any discipline||April|
|8||Orissa JEE||Orissa JEE||Graduation in any Discipline||May|
|9||GCET||Gujarat Secondary and Higher Secondary Education Board||50% in Graduation||July|
|10||KMAT||Karnataka Private Post-Graduate Colleges Association||Graduation in any Discipline||July|
|11||RMAT||Rajasthan Technical University||50% in Graduation||June|
|12||UPMCAT||Uttar Pradesh Technical University||Graduation in any Discipline||May|