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Project on Doing MBA in India and in Abroad

Project on Doing MBA in India and in Abroad

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Doing MBA either in India or in Abroad.
Doing MBA either in India or in Abroad.

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Published by: AMIN BUHARI ABDUL KHADER on Mar 02, 2010
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01/28/2011

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Overview of MBA course 
INTRODUCTION:
MBA is the common abbreviation used for Masters of BusinessAdministration
.
 The Master of Business Administration (MBA) is a Master‟s
Degree in Business Administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States,emerging from the late 19th century as the country industrialized andcompanies sought out scientific approaches to management. The management programmes help aspiring managers to becomeeffective decision makers in their fields through upgradation of knowledge andmanagerial skills. The programme broadens the overall perspective of thestudents so that they can become catalysts for change. It develops conceptual,interpersonal and management awareness for implementation of newstructures and strategies. It also improves managerial effectiveness andprepare managers for more senior positions. In this programme students learnto win and in seeking to win they imbibe new forms of competitive behavior
that are ideal for today‟s highly chaotic business condit
ion. The core courses in the MBA program are designed to introduce studentsto the various areas of business such as accounting, marketing, humanresources, operations management, etc. Students in the MBA program have theoption to select an area of specialization and focus approximately one-third of their studies in that area. Accreditation bodies exist specifically for MBAprograms to ensure consistency and quality of graduate business education,and business schools in many countries offer MBA programs tailored to full-time, part-time, executive, and distance learning students, with specializedconcentrations
.
In the era of Globalization, students of management will have to developskills of quick learning and equally quick decision making. As Managers, one will be exposed to business without physical boundaries of the nation. You willhave to develop skills to work with people with diverse culture and workpractices.
 
REASONS FOR JOINING MBA:
If you have an undergraduate degree in any field, have at least two yearsof managerial, professional or equivalent experience and wish to make the verybest investment you can make in your future career success, study leading tothe award of a Master of Business Administration (MBA) is for you.An MBA develops appropriate skills and knowledge in two ways: bymeans of what students have the opportunity to learn and by how they learn it. Typically, a good MBA will include the opportunity to study around sixteensubjects, which provide a broad portfolio of business-related skills andknowledge. These subjects include fundamentals such as accounting,economics, the study of organizations, quantitative methods, and the elementsof international management, and then scope for more intensive study in fieldssuch as finance, people management, information technology, marketing,international management and general management. Specific topics withinthese fields could range from entrepreneurship to quality management or fromderivative securities to operations management. But the way in which studentslearn within an MBA is even more important than the topics they study.Students within an MBA program often have quite extensive experienceof the business world; hence they represent a key resource in the learningprocess. The quality and experience of students themselves, of the facultymembers, and of the learning resources and facilities available to both arecrucial to the quality of the learning environment. In these circumstances,faculty members in a good MBA program assume more of the role of facilitatorsthan of 'teachers'. The learning process becomes one in which students acquireenlightenment knowledge, skills and growing self-confidence as a result of being exposed to diverse learning opportunities such as individual research,group projects, guest lecturers from business and government, classdiscussion of real-life cases, and from delivering individual and grouppresentations to audiences of their peers.From this ferment of rich educational development, the better studentsemerge with an ambition 'to change the world' and more importantly, the skillsand self-confidence to do so! Whilst all MBA graduates must gain experienceand earn their advancement 'on the job', the MBA provides a powerfulconceptual framework within which they are able to derive the greatestadvantage from that experience.
 
Admission to any business schools requires passing the
CommonAdmission Test
 
(CAT), XAT
,
GMAT, JMET
or
MAT
each of which qualifiescandidates for entrance into any management institutions in India, apart fromthese entrance tests there are few business schools which conducts aptitudetest individually which qualifies candidates for that particular business school.Common Admission Test
(CAT)
is an all-India test conducted by theIndian Institutes of Management
(IIMs)
, considered to be the most prestigiousB-schools of India. It is an entrance exam for students who want to pursuePost Graduate level Management D
egree from world renowned IIM‟s.
Performance in Common Admission Test or CAT, followed by GroupDiscussions and Personal Interviews, serves as the basis for admission. Apartfrom the IIM's, a candidate can take admission in many other business schools with a CAT score. Xavier Admission Test
(XAT)
is a national level entrance exam, foradmission into the post graduate management programmes at XavierInstitutes, conducted by Xavier Labour Relations Institute
(XLRI),
  Jamshedpur. Besides XLRI and other Xavier Institutes, hosts of other reputed Top B-Schools in India also accept XAT scores including Loyola Institute of Business Administration, Chennai and Goa Institutes of Management, IndianInstitute of Finance, New Delhi and S P Jain Institute of Management andResearch, Mumbai. The
Graduate Management Admission Test
(GMAT, pronounced G-mat, [d
ʒ
i
ː
.mæt]) is a computer adaptive standardized test in mathematic andthe English language for measuring aptitude to succeed academically ingraduate business studies. Business schools commonly use the test as one of many selection criteria for admission into graduate businessadministration programs (e.g.
MBA
,
MASTER IN ACCOUNTANCY
, etc.)principally in the United States, but also in other English-speaking countries.It is delivered via computer at various locations around the world. In thoseinternational locations where an extensive network of computers has not yetbeen established, the GMAT is offered either at temporary computer-basedtesting centers on a limited schedule or as a paper-based test (given once ortwice a year) at local testing centers Management Aptitude Test is an aptitude test
MAT
is conducted byCentre for Management Services, which is a specialized division of 
AIMA
(AllIndia Management Association). MAT is usually conducted 4 times in a year in January, May, September and December. Every year it is taken by hundreds of MBA aspirants in India, as a good score in MAT is likely to put the candidate ina reputed and AICTE approved management institutions. Presently, MAT haseven got the status of a National Entrance Test by the Ministry of HRD(Government of India, letter no. F.17-20/2003-TS.I dated 23 November 2004).

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