Are you cut out for a management education and a demanding career ahead? If you can align your interests and aptitude with the basic requirements of an MBA, go for the degree.
An MBA program introduces the student to all the main management functions of an organization such as, finance, human resource management, information management, marketing, production and operations management, business policy, government and the international economy, organizational behavior, quantitative methods and all its practical applications. An exposure to a particular industry during internship provides a glimpse into the operation of an organization. This will also help you give a glimpse of a career ahead.
An MBA degree from some of the best institutes across the globe will open a wide range of opportunities in all management functions. It�s not just the entrance test that you need to prepare for, the MBA course itself demands lots of hard work. You will have to prepare your mind for long hours of studies and concentration. You will be always occupied with case studies, presentations, research, etc. Further, in your professional life you will always be under pressure to meet targets, deadlines, and stay ahead in competition. The high paying job comes for a cost. You need to prepare yourself for the hard work and the ability to handle pressures and long hours.
Basic qualifications requirements for an MBA degree course may vary from institute to institute or country to country but in most of the cases a bachelor�s degree is the minimum requirement. Some of the premiere institutes have set the eligibility criteria as at least 50% marks in bachelor`s degree in any stream, from a recognized university. Some institutes also look for relevant work experience. To get through a reputed institution you need to score well in a written test, Group Discussion and a Personal Interview along with good academic record and relevant work experience.
In general, to get through the entrance test and interview, you need quantitative aptitude, reasoning skill, comprehension power, English language skill, strong vocabulary, and general knowledge. You need excellent communication skills with self-confidence and persuasive powers. It�s important to be a team player with basic business acumen and a sense of responsibility and accountability. Having resilience with lot of physical and mental energy will help you in climbing the corporate ladder with ease.
Be aware of the fee structure of the institution you are applying to as MBA is an expensive degree to acquire. Fee structures vary from institute to institute and country to country. Normally, you need to pay the fee in installments, which are payable on per semester basis or per academic year basis.
You also need to preplan the funding of your course. Getting an education loan is not difficult for admission to a recognized institute. As a working professional you can also get your organization to fund your degree, provided it comes under the company policy. Many companies support their employees and get the employees to sign a bond in return of the funding the course.
Management students from a good institute will always be in demand. Specialization specific demand may vary with economy of the country but all industries need management graduates in every sphere to run the organization professionally. The institute you graduate from will just decide on your first job but you can only climb the corporate ladder if you have the ability to learn and grow with the experiences in the workplace. To succeed you need to anticipate the market trends and identify organizations with better opportunities for growth. You have to be open to learning and should be able to evolve and innovate with the demands of the times.