Management division is a mandatory part of every organization. Management courses are not only popular in our country but also very popular all over the world. It also offers a number of specializations and job opportunities tailored to industry needs from time to time. Anyone who is interested can choose this field regardless of any degree. It is one of the most popular careers in the world. Managers are essential in every field, from an Organization or Business to Finance, Marketing, Operations, Human Resources, etc. They enable the company to achieve its goals in the right way. Management courses are what make them stand out in the corporate world and run them properly.
Those who are interested in doing business or those who want to gain an understanding of the activities of the company or those who are looking for promotion, etc,. Whatever the reason is, most people are leaning towards MBA courses at the PG level. MBA courses are useful to develop key skills such as Managerial, Analytical thinking and Problem- solving abilities.
It is a well- known fact that various specializations are available at the PG stage. But there are also many MBA ways to choose from. You can study these courses from wherever you want to study in the country, abroad, or in any reputable organization. It is useful to look at these options and make a decision based on the need and interest.
✧ Full- time/ part- time courses are available in the traditional MBA programs. They usually last for 2 years. Foreign Educational Institutions also offer part- time courses (year- round). All the leading Educational institutions in the country are offering these programs.
✧ If you choose a full time MBA in any good college/ university, there will be in- depth training along with Good teaching. With this, the student has to devote full time to study. This option is not suitable for those who choose to do a job while studying the course. A part time MBA is a good alternative for those who want to study while doing a job. Classes are held in the evenings or on weekends. But the course may take some time to complete.
✧ This is a flexible, accessible option for everyone. This is because there is no need to attend classes on a daily basis. However, classes must be attended at weekends. So that you can meet fellow students and teachers directly. Opportunities to share ideas, resolve doubts, and discuss academic/ other topics will be available these times.
✧ Some of these companies are conducting daily classes online at candidate- friendly times and looking to attend campus on weekends. This is a great option for students/ professionals who are unable to study in the traditional way. The cost to practice is minimal. There are variations in the duration of the courses depending on the chosen institution and course. It usually lasts from six months to two years.
In the online mode...
✧ This is the approach that most people are interested in. Companies give it the same priority as the traditional MBA. After the covid situation the popularity still increased. Fresh graduates and professionals are among those who are more inclined towards this approach. The course is designed for the sake of students and professionals who cannot afford to go directly to campus to study. Those who do not want to go to campus even on weekends can choose this.
✧ This option will allow you to study at any time, in any place of your choice, at the lowest possible cost. Experts say that through this method, the student develops the qualities of independent learning. Additionally, Time management and Project management skills are practiced by them.
The Executive MBA course is designed specifically for professionals who have 5 to 15 years of experience and are seeking top positions/ promotions in their field. It is also offered by some IIMs and companies like ISB Hyderabad. The importance of these courses is increasing in the country. The duration of the course is from one year to two years. Duration varies depending on the selected specialization. It runs on a part-time basis. There are changes in the selection process depending on the organization. The admission process is tougher than other MBA courses.
✧ Two different universities jointly offer the Joint MBA course. Two to five overseas companies also provide the Joint MBA course. In our country it seems that mostly two educational institutions offer this course. These are also known as dual degrees. If a student applies for an MBA, he or she will have the opportunity to complete a course at two different institutions. Mostly domestic institutes offer courses under this scheme in collaboration with foreign educational institutions. This is why they are also known as Dual Country MBA. The same curriculum is learned from the faculty of different educational institutions.
✧ This Joint MBA course also vary by organization. Sometimes the first year is successfully completed in the country while the second year can be completed by going to a Foreign educational institution contracted by a local institution or completing it online. Sometimes you have to complete your education in our country and do a project or internship abroad. This is an opportunity for those who want to fulfil their dream of studying abroad at a cheaper cost. More than two companies at a time offer such courses jointly.
What to look for?
Many companies across the country offer MBA courses. There are some key points to consider while choosing the right course to set the goals. Only then will the intended goal be fulfilled.
Does it fit the goal?
Career change, Career improvement, International experience, Better salary, etc,. are generally the main goals of those who choose Management education. The Educational institution you choose should be able to bring you closer to your goals. For example, if your goal is Hospital management, you should focus on what the course offers. Therefore, one should choose a college/ university based on goals rather than Celebrities or Acquaintances.
Make sure the selected company is UGC and AICTE accredited. Management education is also available in the form of MBA and PGDM. Also make sure that you get the certificate after completion of the course.
Not only choosing better education but also alertness and dedication too are most required for a successful career. Only then will there be value in learning. Therefore, it is important to note the full profile of the faculty in advance. Their details can be found on the college website, examine them. Better awareness comes from talking to alumni also.
✧ Hiring in the management industry has increased due to positive GDP projections, bull trend of stock markets and favourable business opportunities. Internships are not limited to the classrooms no more. One can implement their new ideas through start- ups. MBA graduates need to be able to sharpen ideas that can give them a good job. Those who want to rise in the corporate sector need to develop Team skills, Leadership qualities as well as Technical skills in their specialization.
✧ The MBA will be the basis for new types of jobs such as Business Analyst, Investment Banker, Data Analyst, Entrepreneur Advisor, Underwriter, Product Analyst, etc,. Those who want to qualify for these jobs have to do certain things by the time the course is completed. New types of jobs are emerging due to changes in Companies, Globalization and high competitiveness.
✧ Those who want to get a job as a Business Analyst should opt for Operations and Marketing specialization.
✧ Those who want to become a Product Analyst can choose Marketing, Consultancy/ Operations. Those who have studied engineering in the Degree will have more priority.
✧ Getting job as an Investment Banker or Underwriter Job is a dream of Every MBA Finance Student. But to achieve this role, only the top tier business schools are available to students. To excel in this field, you need to do the FRM courses offered by CFA, CPA, GARP.
✧ Those who want to be a Data Analyst should choose Data Analytics/ Business Analytics and master the tools like Statistics, Big Data tools like R, Python, SAS, MatLab.
✧ Choose a Consultancy, Marketing or Operations specialization to excel as an Entrepreneur Advisor. Advisor/ Consultant roles are usually available to top tier B students. By doing an internship at the student stage and learning new tools, they can settle into their chosen field. Advanced specializations are available at leading bee schools. Due to their importance, they are being introduced in institutions like HCU, IPE and CBIT. Students of General Management Colleges can also take courses related to new specializations online.
Apart from Marketing, Human Resources, Finance, Operations and Information Systems, there are many different and new specializations in MBA. Some of those courses are…
In today's world of competition, the role of numbers and data is crucial. Data collection, Interpretation, Condensing of data is very valuable for every business entity in making different decisions. There has been a growing interest among students in analytics in recent times. This is due to the high wages offered by the sector and the wide range of employment opportunities. Those who have done Maths, Statistics, Computer Science, BTech in Graduation can get better job opportunities by opting for MBA. It helps candidates who are passionate about numbers, have quick Decision- making ability, Mathematical skills, Agility and Coding skills. Add- on courses like R- Software, Hadoop, Python, BigData, Advanced Statistics can be taken on the Coursera and Edex websites. Job opportunities such as Data Analyst, Data Scientist, Big Data Consultant, Data Architect, Business Analyst are available abroad for those who have completed MBA Analytics. It is estimated that by 2020 our country will need five million data analysts.
The insurance and insurance sectors in the country are in a transition phase. The decline in unemployment compared to the past and the increase in the salaries of the employees have increased the interest in saving among the people. Candidates who have done any degree can opt for this option. In particular, students should have communication skills, agility, interest in numbers, customer management and sales skills. Students study subjects like Banking Regulations, Fund Management, Insurance Management, Financial Services, Corporate Banking, Trade Finance. Candidates can get job opportunities for Personal, Financial Advisor, Fund Managers, Banking Specialist, SIP Advisor, Risk Manager, Probationary Officer, Specialist Officer, Banking and Insurance candidates in Government and Private Banks.
Every business entity seeks the advice and guidance of an experienced person or consultant in order to make their decisions. The consultant should have specialized experience in the relevant field, knowledge, in- depth study skills, clarity, ability to withstand competition and skills such as risk mitigation. They need to specialize in a field of their own, such as IT, HR, Finance, Tax, Strategy, Start- up Consulting. World- renowned companies such as Booz, McKinsey Consulting, and AT Carney offer jobs for those who have done MBA consulting at a good business school.
Those who want to put their ideas into business form can choose this option. This can make their dreams come true especially for those with family background, continuity, and business development ideas. The role of entrepreneurs in the development of the country is inseparable. Make in India, Start- up Funding, Angel Investing are motivating the youth of the state to set up their own company. Those with qualities like Creativity, Risk taking, People skills, Foresight, Resilient mindset and Perseverance are eligible to choose this. They can start start- ups, start a Family business, start their own companies and excel as entrepreneurs after completing the required course.
Retailing is at the forefront of rapidly changing sectors. It is a sector that offers a wide range of employment opportunities. In our country, Tata, Birla, Ambani and Adani have made their mark in Retailing. There are plenty of opportunities for candidates interested in Sales, Advertising, Market Research, Customer Experience. Consumers always want something new. Those who are skilled at delivering that innovation will excel in this field. Students study subjects such as Merchandising, Retail Management, Experience Management, Store Optimization, and Customer Psychology. Posts include Creative Advertising Head, Retail Manager, Customer Relations Manager, Brand Specialist. There are also opportunities in the field of e-commerce. Students can take ad courses like Six Sigma, Lead Management, Quality Management and apply their opportunities online.
Posted Date: 05/03/2022