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I am a science graduate working as sales executive (medical representative) in a MNC. I want to do MBA from a good institute. What is the specialisation I should opt for? Also some of my friends are recommending distance mode programme. I am confused. I have to consider my financial constraints also. Please help me make a choice.
G. S. Praveen Kumar
To choose between MBA colleges or MBA programmes there are several factors you have to consider and some of these factors are unique to you. You said that you are already working as a sales executive. Now did you consider the executive MBA option? There are several reputed institutes offering the course and the classes are conducted in the evenings. This will help you pursue the course without leaving the job. But of course you have to put in additional efforts and sacrifice your free time. You can also consider the three-year part-time MBA programmes.
Coming to regular MBA programmes, there are a plethora of institutes offering them. But you have to take a break from your job to pursue it. If you opt for top institutes like IIMs, XLRI, FMS, SP Jain and Narsee Monjee you have to go through their respective screening processes, which typically include entrance test, group discussion and personal interview. Being the top most B-schools in India the competition to secure a seat in them is very high. So in case you fail to secure a seat in these institutes, you can consider other A+ graded institutes. Remember, doing MBA is not about acquiring a degree but is about gaining the skills required in a manager.
Now if your career is progressing well, your growth prospects in the current company are promising and you are good at grasping the subject and acquiring skills, you can go for a distance mode course. Choose a specialisation that would complement your aspirations.
Some options for you are: Indian Institute of Pharmaceutical Marketing, Lucknow offers master’s diploma in business administration (Pharma Marketing) in self-study mode. Contact classes are conducted at Lucknow campus. However, they are optional. The eligibility criterion is graduation in any discipline. For details, log on to www.iipmindia.com
Indian Institute of Commerce and Trade, Lucknow offers Master’s Diploma in Business Administration in Pharma Marketing in distance mode. The eligibility criterion is graduation in any discipline. For details, log on to www.iictindia.com
Alagappa University, Directorate of Distance Education, Karaikudi offers MBA in Project Management. The eligibility criterion is graduation in any discipline. For details, log on to www.alagappauniversity.ac.in
Annamalai University, Directorate of Distance Education, Tamil Nadu offers MBA in Marketing Management. The eligibility criterion is graduation in any discipline. For details log on to http://annamalaiuniversity.ac.in
Some more specialisations are HR, finance, IT and international business. If you want to choose a part-time MBA so that you can pursue it along with your job, choose an institute in your location.
The fee for the distance mode programmes will be significantly low and you will surely be able to afford it. But if you are opting for a part-time, executive or full time programme the fee will increase according to the programme you opt for and the reputation of the institute. However most of the institutes offer scholarship/ grant for promising student provided you meet the eligibility requirements. To get more information, contact the institutes.
Another way out of the financial constraint is loans. Most of the banks offer student loans for recognised postgraduate programmes. You can repay the loan once you finish your course and secure a job. You can enquire from different banks about their norms and conditions to grant loans and choose a suitable one.
Apart from these programmes. NIIT Imperia centre for advanced learning offers several courses in different management streams, such as Retail management HR, Sales & marketing and general management.
These courses range from 3-days to one year and are highly specialised and are offered in collaboration with leading B-Schools. For details visit www.niitimperia.com
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