MBA8th December 2016
M.B.A. stands for Masters in Business Administration; it is a post graduate degree in business administration or management. It is a two years course where one is given exposed to all aspects of conducting a business in the modern world. A MBA from a premier institute can expand your career options by leaps and bounds. Most high level position in corporates are given to individuals who have a formal qualification in Business Administration which is MBA. It is ideal to do a MBA after working for one or two years after graduation.
Curriculum in MBA
MBA course covers subjects dealing with business such as finance, accounting, marketing, human resources, operations, information technology with emphasis on management strategy and analysis.
Accreditation and Certification
In India the accreditation of MBA and PGDM (post graduate diploma in management) is done by the government body, AICTE (All India Council of Technical Education) which along with UGC (University Grants Commission) also certifies MBA institutions and their programs. There is a law in India because f which only Universities can offer the MBA degree all other institutions regardless of their ranking can only offer PGDM.
A full time Generic or core MBA takes two academic years to complete. The last semester typically includes an internship program.
The minimum eligibility criterion for admission is at least a
3-year bachelor’s degree ie graduation from a recognized University with at least 50 per cent marks or equivalent (45 per cent for SC/ST or persons with disability (PWD) category, of any of the Universities) or possess an equivalent qualification. There is no age limit.
Appearing in the final year examination of a minimum three- year duration of Bachelor’s degree in any discipline from a statutory university in India (recognized by the Association of Indian Universities)
A post graduate degree with at least 50% marks (45% in case of reserved category) in either Bachelor’s or Post graduate degree.
Some colleges have a requisite of at least 50% marks at school leaving and pre university level too.,ie +10 and +12 level. So also the cut off percentage of marks are higher in the range of 55%-60% at Bachelor’s level
There are a number of entrance exams one can choose depending on the college one wants to study in. One of the most popular exams is
CAT (Common Aptitude Test) conducted by the IIMs (Indian Institute of Management) which is an all India Test for entrance to the premier management institutes in India including their own. There are only about 1550 seats available but lakhs of students attempt admission by appearing for the CAT exam held annually.
Other entrance exams are
CMAT (Common Management Admission Test),
ATMA (AIMS test for Management Admissions),
AIMA MAT (AIMA Management Aptitude Test),
CENTAC MBA ET (Centralized Admission Committee MBA entrance test)
GMAT (Graduate Management Admission Test)
IITD (IITD Department of Management Studies Exam)
Some autonomous colleges and universities hold their own entrance tests
NMAT (Narsee Monjee Aptitude Test
IBSAT (ICFAI Business School Aptitude Test)
IIFT (Indian Institute Of Foreign Trade) MBA Exam
IGNOU OPEN MAT (Indira Gandhi Open University Open Management Admission Test)
JBMIS (Jamnalal Bajaj Institute Of Management Studies Entrance Exam)
NMET (NALSAR Management Entrance Test)
NUIME (Nirma University Institute Of Management Exam)
SPJAT (S P Jain School of Global Management Aptitude Test)
SNAP (Symbiosis National Aptitude Test)
VIT MBA Entrance Exam (Vellore Institute of Technology MBA Entrance Exam
XAT (Xaviers Aptitude Test)
X GMAT (Xaviers Graduate Management Aptitude Test)
Most Institutes advertise regarding the entrance test and prospectus in leading newspapers around the beginning of new academic year in latter half of calendar year. On payment of a fee either paid online or by DD, the institute will send the application form and prospectus. The Prospectus and examination fee works out to Rs 300 to Rs 1000 plus depending on the institute. It is at this stage that the student should decide which college he/she would prefer depending on ranking, geographical location (in some cases one would need to join the respective hostel) and the cost of the program.
On receipt of fully filled admission test forms the institute will issue admit cards for the entrance test which will be held in some centers in some major cities for the benefit of students from all over the country.
- The first Phase of testing is by default a Written Test which tests the students Verbal Ability and Vocabulary, Reading Comprehension, Business Data Comprehension, Logical Reasoning, Quant(Mathematics). Some entrance Tests include General Awareness questions and an Essay writing section.
- Second phase of the screening procedure: The qualifying or shortlisted students are then assessed by the quality of their participation in a Group Discussion and Personal Interview.
The communication skills of the aspirant along with analytical thought process, comprehension ability, leadership ability and personality attributes are assessed.
- Final selection is made after assessing all the above results and also on work experience, if any of the candidate.