Career growth and elevation to lead roles of an organization is the aspiration of any professional today. A degree which helps to accelerate this growth or provides a lateral entry to the managerial positions directly is the Master of Business Administration degree. No wonder MBA degree has become the inevitable choice of students who have the taste for leadership roles and wish to supplement their technical skills with managerial traits. In turn MBA promises a wide range of opportunities to them.
Upsurge in Indian Industry
The liberalization measures introduced by the Govt. of India has resulted in a dynamic upsurge in the operations of the Indian industry. Big Business houses have expanded their capacities, built new businesses, diversified into variety of fields. Multinational Companies (MNCs) are permitted to start their Units in India. This has led to the demand for trained & Professionally educated Management graduates who can pilot these ventures to reach soaring heights. This demand opens up an aura of career prospects to MBA professionals.
Growing Service Sector
India has created a niche in the global service sector market. Specifically, the growth of service sector domains like Banking, Insurance, Mutual Fund Industry, Trading, Retailing, Logistics, Hospitality business, Corporate Health Care Organisations, Stock Broking, Software Development & Testing have witnessed a phenomenal growth in the past decade This has augmented the thrust for management education in these specialized domains. From a career perspective, it is an implicit indicator for the imminent scope for a wide range of opportunities that would throng the MBA aspirants
Who is eligible to do MBA?
Almost all B-Schools (Business Schools) admit students of any degree. Be it Engineering, Sciences, Commerce, Information Technology, Arts or Humanities – all are eligible, provided they take up an Admission Test. This test which is mostly of objective type, tests the General English ability, Problem Solving skill, Reasoning ability, Ability to analyse a simple Business situation, etc.
In addition to the Written Test, the Admission Procedure also includes a Group Discussion followed by a personal Interview to test the communication skills and general comprehension of contemporary issues of the students.
Who offers the MBA Programme?
MBA Programme is offered by a variety of Institutions throughout India. These include specialized Management Schools like Indian Institute of Management (IIMs), Departments of Management Studies in different IITs, Central and State Universities. Private and University affiliated Institutes, Deemed Universities also offer the MBA Programme (Those who were affiliated to any University award MBA degree others call it PG Diploma in Management). Since the demand for Management degree has gone up in the light of ready jobs, recently most of the leading Arts, Science & Commerce Colleges, Engineering Colleges also have started Departments of Management Studies to offer MBA Programmes. Almost all the Institutes offering MBA Programme, are expected to get approval from AICTE (All Indian Council for Technical Education) and affiliation from an University.
What is Taught in an MBA Programme?
The focus of any MBA Programme is to basically introduce the Principles of Management suited to most business situations. Further, the students are attributed with required domain-specific skills to handle certain functional areas like Finance, Marketing, HR etc., in a Corporate environment. Class room teach always has a practical outlook with discussions on Case Studies and Role Play type of exercises.
To give an industry exposure during their course tenure itself, the MBA Students are made to carry out Internships/Summer Project works/Final Project works. In addition, Industrial visits is an inevitable part of the curriculum. Certain specialized MBA Programmes like MBA-Finance, MBA-HRM, MBA-Marketing, MBA-IT & Systems, etc., expose the students to advanced aspects of the given functional specialization.
MBA graduates are in great demand for a variety of Managerial Cadres. They are recruited for middle level executive positions directly. In most private sector banks, these graduates are recruited as Probationary Officers, Asst. Managers. In regular Manufacturing organizations, MBA’s are recruited to Positions like Administrative Officers, Management Trainees, Financial Executive Positions, Marketing and Sales Executive Positions, HR Management position etc. In Service Organizations, these MBAs are considered for positions like consultants, Business Development Managers, Customer Relationship Executives, Business Analysts, Technology/Software Management Executive Positions.
Campus placement activity is an important dimension of MBA Programme.
Almost all B-Schools develop networks with companies and they are invited for Campus Recruitment activity. The success of a B-School depends on placements, in addition to the availability of State of Arts Infrastructure and Qualified Faculty.
Big Companies, like TCS, HLL, WIPRO, HCL, Honda, Reliance, L&T; Banks like ICICI Bank, IDBI Bank, HDFC Bank, Axis Bank, City Union Bank, Lakshmi Vilas Bank, InG Vysya, Federal Bank visit campuses for fresh graduates.
Dr.K.Chandra Sekhara Rao
Prof. & HOD Banking