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MBA - Scope, career and future prospects in India


Last Updated:   Category: Career Guidance    
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This article will help MBA aspirants to get a preview of the course, scope, prospect and future career hope in the field of business management. Highlights of the best institutes will definitely help the aspirants to decide on where they want to study MBA. MBA professionals with skill and experience are highly paid. Pursuing MBA course also adds to the career growth and increase of the compensation package. Individual who is already doing a job are encouraged to undergo a Distant MBA Course.



Introduction


MBA means Masters degree course in Business Administration. In India, there is ever increasing demands of the management professionals. Thus, these days more and more students chose MBA course for career building and growth. In the highly competitive global market, banks, BPO's, business and financial organisations, Consultancy firms, all need to be managed well. Hence the management personnel are in high demand. These days for an engineering organisation, Recruiters and Head hunters not only want engineering graduates but prefer Engineering graduates with managerial skill. Amalgamation of the two specialisation in a single person is the need of the hour. Making the best use of various resources in deriving maximum benefits from them requires management skill. Today, it is a necessity to learn the management skills for professional value addition and growth.

Eligibility Criteria

Basic eligibility for a MBA course:
He should should have completed three year Bachelor's degree from a recognized University.

Duration

Two years. Four Semesters.

Entrance Examinations for Major Management Institutes in India


CAT for IIMs, IITs and IISc, Bangaluru
MAT for AIMA-CMS.
XAT for XLRI, XIMB, GIM Goa and other institutes.
SNAP Test for Symbiosis
IIFT Test for IIFT Delhi/Kolkata
IBSAT for IBS, Hyderabad

Structure of the MBA Program


First Semester

Management Process and Organizational Behavior.
Business Communication.
Statistics for Management.
Financial and management Accounting.
Managerial Economics.
Human Resource Management.

Second Semester

Production and Operational Management.
Financial Management.
Marketing Management.
Management Information System.
Operational Research.
Project Management.

Third Semester

Research Medodology.
Legal Aspects of business.
4 specialization subjects.
Project.

Fourth Semester

Stategic Management and business Policy.
International Business Management.
4 specialization subjects.
Project.

These are the general subjects taught in the different semesters. However, the subject title may be different and it may be taught in a different semesters in a different Institutes.

Specialization Areas of MBA


1. Human Resource Management.
2. Banking Management.
3. Marketing Management.
4. Finance Management.
5. Information System Management.
6. Operations Management.
7. Retail Operation Management.
8. Project Management.
9. Healthcare Services Management.
10.Total Quality Management.

Scope of the Different Specializations


Total Quality Management

Quality Control Executive.
Quality Lead.
Quality Superviser.
Quality Engineer.

Project Management

Process Analyst.
Team Leader.
Project Engineer.
Administrator.

Healthcare Services Management

Hospital Administrator.
General Manager.
Manager-Operations.
Junior Administrator.

Human Resource Management

Training Co-ordinator.
Manager Staffing.
Compensation and Benefits Manager.
HR Recruiters.

Marketing Manager

Brand Manager.

Information System Manager

Technical Manager.
System Analyst.
Software Engineer.
Network Administrator.

Top Ten Institutions that offer Distant MBA courses


1. Indira Gandhi National Open University-New Delhi.
2. Yaswantrao C Maharashtra Open University-Nasik.
3. Sikkim Manipal University-Gangtok.
4. IMT Distance and Open learning Institute-Ghaziabad.
5. University of Mumbai-Mumbai.
6. Maulana Azad National Urdu University-Hyderabad.
7. Dr B.R Ambedkar Open University-Pune.
8. Symbiosis Centre for Distance Learning-Annamalainagar.
9. Netaji Subhash Open University-Kolkata.
10. Osmania University-Hyderabad.
The above institutes/Universities provide professional skills in education and training and enables aspirants/candidates to get repectable employment. With flexibility in their study hours, more and more students are encouraged to join these institutes. These institutes give quality distance education and have committed and excellent faculties.

Salary

a. The Salary of the MBA freshers may vary from Rs 7500-25,000 per month depending on the organisation hiring them.
b. More experienced candidates can neogtiate a package of Rs 25,000-50,000 per month.
c. Still more skilled professionals can bag upto One lakh per month compensation package.
The compensation package depends upon the skill and experience of the individuals, the Institute from where the candidates has graduated, the organisation hiring them and the negotiation that the candidates can make with the employer.
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