Why MBA

The Master of Business Administration or MBA is a postgraduate professional degree emphasising knowledge and skills related to business administration. An MBA program is developed along a standard curriculum even though electives can be used to delve deeper into specific areas of study. The usual MBA addresses a range of business administration topics. The core of an MBA covers the fundamentals of business administration. The branches are mostly categorised as Business Management or Post Graduate Diploma in Management and Human Resource management. BM, also known as PGDM includes Finance, Marketing, Supply Chain and Operations.

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MBA is a versatile course that can offer students a range of benefits. After attaining the degree students can choose to take up managerial positions in any deemed firm or MNC. Students are trained to become leaders and gain knowledge related to business from a different perspective. Students are prepared to handle positions in different sectors like finance, operations, sales and marketing, supply chain and many more. Human resource management trains students to maintain a healthy work culture, work on company relations and peacefully resolve conflicts.

Graduating with an MBA degree can kickstart a student's career. The curriculum is designed by most of the deemed universities in India to boost the self-confidence of an individual. This degree enhances decision-making and teaches cooperative capabilities. The everyday life of an MBA student nurtures them to excel in a professional atmosphere. Giving presentations, organizing events, handling a team of professionals and brainstorming innovative business ideas are some of the areas where graduates becomes experts with this degree. For people who want to seek a high-paying corporate job, an MBA is necessary, as some good companies exclusively hire from B schools. An MBA plays a major role in transforming the personality of a student other than the professional environment. Let’s understand both aspects in depth.

MBA specialisations

  1. General Management: This is the most important and popular specialization in the MBA program. Students aspiring to develop all-round effective business skills, capabilities and a versatile personality to develop and outgrow business. 

  2. International Business: This specialization is best for those who aspire to work abroad or in some globally based multinational company. This specialization focuses on the teaching of how to align one’s business goals across borders. This sector under MBA is popular and can be very useful as global businesses are growing rapidly.

  3. Strategic Management: This is an important field of study that an individual who is aspiring to build and develop a business on a large scale needs to learn, as this one prepares an individual to make decisions to lead organizations and also to deal with backup planning.

  4. Finance: This MBA is great for bankers, financial controllers, chief financial officers, and finance managers. Courses focus on statistics, business analysis, accounting and more. 

  5. Marketing: Candidates with an interest in business where advertisement and promotions play a key role are suited for this course. Such candidates pursue a degree in marketing and an MBA. 

  6. Entrepreneurship: If a candidate has a unique business idea and is considering starting a start-up an MBA in Entrepreneurship is the finest option.

  7. Operations Management: For managers responsible for streamlining production processes, this is the perfect specialization. Students will gain knowledge on how to operate manufacturing as effectively as feasible.

  8. IT Management: An MBA that equips an individual to work in the technology industry or in a business that is highly dependent on technology. The analysis of gathered data and the creation of products based on it are crucial to this aspect of the business.

  9. Human Resources: Managers who oversee HR teams or deal with sizable employee groups are advised to have a degree in human resources. It emphasizes conflict resolution, team building, motivation, job responsibility definition, and more.

  10. Consulting: This MBA equips professionals to assist businesses in overcoming various obstacles. In addition to being highly compensated, this specialization expands an individual’s knowledge across multiple industries.

Why MBA

Skill Development

  1. Confidence Boost: An MBA will boost the student's confidence which can lead to a strong faith in their credibility. This is needed since the students have to handle professional situations and give multiple interviews during the placements. 

  2. Decision-Making Aptitude: MBAs develop a strategic thinking process within students, thus enhancing their approach toward any problem and challenges in the organization.  The analytical way of looking at things makes them cultivate a structured mindset towards challenges and also enhances their knowledge related to business management. 

  3. Time Management and Discipline: The thoughtfully designed curriculum of an MBA program trains the students to be efficient and manage multiple tasks at a time and encourages time management. Having to attend classes and prepare assignments instills discipline, which is a lifelong benefit.

  4. Improved Communication Skills: An MBA student has to give presentations, interviews and speak in leadership talks and webinars conducted in college, making them excel at public speaking and negotiation. These soft skills are of great use in day-to-day life, social atmosphere and professional atmosphere. 

  5. Increased Resilience and Adaptability: For anyone, challenges and failures can be stressful. However, the course has strict assignment deadlines, competitions and exams that inculcate resilience. Graduates learn to be composed under pressure and manage their strengths and weaknesses.

Career Prospects

  1. Boost to career: An MBA equips students with leadership capabilities, training them for executive and management positions. The campus placements are a great opportunity to earn your dream salary, which is higher than non-MBA counterparts. The advanced skills help the students climb up the corporate ladder in the early years of their careers.

  2. The foundation of a business: an MBA is a great option for students who do not have a business background yet aim to establish one. This course fosters the foundation for an entrepreneur to develop innovative ideas, enhance risk-taking abilities and face challenges.  

  3. Professional Network: The peers found during an MBA are one of the strongest benefits. They are future startup founders and CEOs hence networking with them is incredibly powerful. The leaders who come for webinars are some of the biggest businessmen in the country and networking with such successful people helps a lot. Through projects and inter-college case competitions, we interact with the brightest minds in the country.

  4. Development of corporate skills: It helps handle business operations by teaching how to cooperate within a team, meet deadlines, work systematically, and have efficient decision-making capabilities. During the internship, a student learns a lot about conducting meetings, preparing Excel sheets and reporting the work done. The course also allows the students to specialize in an area of their choice.  

  5. Global Knowledge: Students often get international exposure as some colleges also offer a study abroad option for 3 semesters. Colleges like SP Jain and SDA Bocconi have three semesters abroad, which helps students secure jobs in different countries as well. It helps understand the business practices of other countries. 

  6. Job Flexibility: MBA graduates can thrive in different industries and be part of rotational programs within a specialization that maintains the zeal to work by offering new challenges daily and provides greater job security.