MBA

The Master of Business Administration (MBA) is an internationally-recognized degree designed to develop the skills required for careers in business and management. The value of the MBA, however, is not limited strictly to the business world. An MBA can also be useful for those pursuing a managerial career in the public sector, government, private industry, and other areas.

Most MBA programs include a “core” curriculum of subjects, such as accounting, economics, marketing, and operations, as well as elective courses that allow participants to follow their own personal or professional interests. Some schools require that MBA candidates complete an internship at a company or organization, which can lead to concrete job opportunities after the program

The MBA is currently the most popular professional degree program in the world. Today there are over 2,500 MBA programs offered worldwide; most are offered in English. First introduced at universities in the United States around the turn of the 20th century, MBA programs have evolved to keep up with the demands of the times.

While traditional two-year MBA programs are still common, especially in the United States, one-year programs have become increasingly popular. Part-time and online programs are also widely available for professionals not willing or unable to take a year or two off to do a full-time program. Executive MBA (EMBA) programs are part-time programs targeted at professionals with more years of managerial experience than traditional MBA candidates.

MBA Skillset

A manager is expected to lead a team of professionals hence the most important skills for a successful manager are good communication and leadership qualities. Take a look at some of the skills required for MBA/PGDM, below:

Full-time MBA: Required Skillset
Business acumen	Good communication skills
Problem-solving Skills	Management skills
Strong mathematical skills	Research oriented
Analytical thinking	Leadership qualities
Eye for detail	Goal-oriented & ability to work under pressure

MBA Courses and Specialisations

Apart from the generic MBA course, there are many MBA specialisations available to candidates. It is recommended that every candidate must choose a branch or specialisation in their MBA programme since it equips them better with the requisite skills for specific domains such as finance, operations, human resources, marketing, to name a few.

Some of the most popular MBA specialisations are listed below:

MBA/PGDM specialisations
Finance	Infrastructure
Marketing	International Business
Sales	Disaster Management
Human Resources	Energy & Environment
Operations	Import & Export
Product	IT & Systems
Business Analytics	Healthcare & Hospital
Digital Marketing	Business Economics
Entrepreneurship	Agriculture & Food Business
Advertising	Materials Management
NGO Management	Oil & Gas
Pharma	Retail
Project Management	Rural Management
Sports Management	Supply Chain
Telecom	Textile Management
Transport & Logistics	Forestry
Public Policy	Hospitality

MBA Admission Process:

Getting admission to an MBA college is not a cakewalk. One has to overcome a series of difficult processes for admission to a top B-school in India. If you fulfil the basic eligibility criteria, you need to appear for any of the following entrance exams:

• Common Admission Test (CAT)
• Management Aptitude Test (MAT)
• Symbiosis National Aptitude Test (SNAP)
• Xavier’s Aptitude Test (XAT)
• NMAT by GMAC
• Common Management Aptitude Test (CMAT)
• Indian Institute of Foreign Trade (IIFT)
• MICA Admission Test (MICAT)
• ICFAI Business School Aptitude Test (IBSAT)

MBA Eligibility

Full-time MBA eligibility criteria are as follows:

• The basic eligibility criteria for MBA (full-time) is Graduation in any discipline or equivalent from a recognized university
• Most of the institutes follow the minimum score criteria in Graduation which is 50 per cent in average or equivalent. For Reserved category students, the minimum score in 45 per cent in aggregate
• Final-year Graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of Graduation degree within the duration specified by the institute