The full form of MBA in course is Master of Business Administration
MBA is a popular postgraduate degree in the field of Business Administration. MBA is a two-year professional degree that equips students with the necessary skills and personality traits needed in a corporate setup. CAT, GMAT, NMAT, JBIMS, TISNNET are some of the MBA entrance exams in India.
The minimum requirement for an MBA programme is that you should have graduated from a recognized university. Some of the MBA programmes might also require you to have some work experience.
What is the history Behind MBA?
A MBA degree is a type of post-graduate degree that focuses on Business Management and Investment Management.
The first school that offered this program was in 1881, The Wharton School of the University of Pennsylvania with a donation from Joseph Wharton.
The Tuck School of Business was found at Dartmouth College in 1990 which offered the first advanced degree in Business, a Master of Science in Commerce, predecessor to the modern day MBAs.
What are the types of MBA?
There are primarily 2 types of MBA:
Full-Time MBA - It’s a 2 years full-time course which can be pursued even without any work experience.
Executive MBA - EMBA is a 1-year course in which the work experience of at least 2 years is mandatory. In some EMBAs you have the option to pursue the course along with your job.
You can pursue MBA for one of the following reasons:
Make the transition to a managerial career path
Acquire new skills and core competencies
Accelerate your career
Gain prospective for a higher salary
What are the contents of a MBA program?
MBA programs revolves around core courses (a standard curriculum) and elective courses (specialization or concentration in a certain subject) meaning in the first year of a MBA student they will acquire management and analytical skills while in their second year they will pursue elective courses.
After the first year, several full-time students look for internships. The degree culminates with work in business strategy, the program capstone. A thesis or major project is sometimes a degree demand when the completion of work several MBA programs finish with a comprehensive exit examination.
Courses embody lectures, case studies, and team projects; the combo although, can dissent by colleges.
What are the Core areas of MBA?
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What are the requirements to pursue MBA?
For a general MBA degree a student must have a graduation degree from any recognized university and some colleges may also ask for professional experiences.
Student may also be required to take an entrance exam, mainly a national level exam for business management.
What are the popular Career options after MBA?
Based on your preference and specialization for various roles in a variety of industries. Following are the most sought out roles after MBA currently:
- Business Analyst
- Project Manager
- Operation Manager
- Financial Advisor
- Investment Banking