Among all the preferred career courses, Master of Business Administration or a post
graduate diploma in management is perhaps the most sought after. The impact of privatization and liberalization has increased the need for managers
in business establishments across all the sectors of the economy and those with
an MBA degree from a reputed business school in India are the real beneficiaries
of the changes brought by the globalization of India's market economy. Successful
completion of an MBA course in India from a reputed institute promises a career
that can touch unknown heights. A career in management, however, also demands great
amount of dedication and good character.
MBA Courses:
MBA course curriculum in India can be categorized into the following 4 segments:
* Full-time MBA
* Part-time MBA
* Distance Learning MBA
* Executive MBA
* Online MBA
A full-time MBA usually comprises of 4 semesters, inclusive of dissertation and
project work, industrial exposure and summer internship. The students take up their
respective major and minor specialization subjects. The choice of specialization
subjects generally include: Marketing, Finance, Human Resources, Operations and
Logistics, Information Technology, Systems, International Trade and Business, Consumer
Behavior, Risk Management, and many others.
However, executive MBA, part time MBA, distance learning MBA and even online MBA
courses are increasingly becoming popular in India. While the part time, distance
learning and online MBA courses offer flexibility to the students, executive MBA
courses are meant exclusively for working professionals who are ready to take a
break and like to obtain an MBA degree in a shorter time period than that of a full
time course.
MBA Admissions: Most of the leading Business Schools in India follow
an admission process for screening applicants. The steps followed in the admission
procedure are given below:
Entrance Exam / The Written Test: Most MBA institutes in India have a written aptitude
test. The IIMs conduct a Common Admission Test (CAT) every November. Many other
business schools, like S.P. Jain Mumbai, MDI Gurgaon, and many others select students
on the basis of their CAT score. Some other popular written tests for MBA in India
conducted by other B-schools include XAT, MAT, IIFT, SNAP, JMET, etc.
Application Essays and Reference Letters: This step forms an integral
part of the selection process of most top Indian B-schools. The short listed candidates
of the IIMs and some other leading management institutes are expected to write these
essays. GD / PI (Group Discussions / Personal Interviews): Group discussions and
personal interviews are conducted generally to determine the personality traits
and communication skills of the candidates. For many management colleges in India,
Admission: Many B-schools offer admission to a candidate on the basis of the cumulative
scores of the Entrance Exam, GD/PIs, and sometimes work experience.