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The Top 10 Reasons to Get an MBA

To get a top jobTo learn industry-

standard practicesTo build contacts

To increase your

salary potential

To make a career

transition

To earn a widely-

recognized top

credential

To increase your

business

knowledge and

skills

To challenge

yourself

To become a

consultant

To gain an in-depth

understanding ofthe business world

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Types of Jobs after you do an MBA

An MBA degree isrecommendable if youare looking for good

position jobs likeCEO, CIO, CFO orany other top job

Executive Jobs

In a company, seniormanagement jobs areoffered to theemployees who havesome managementdegree like MBA

Management

Jobs: The candidates how haveConsumer banking jobsdeliver financial servicesto individual customers.Commercial banking jobsdeliver financial servicesto businesses

Banking Jobs

Manage employeeplacement, salaries, andtrainingBank administration /accounting jobBankadministration / accounting

jobs maintain the banksinternal operations

Human

resources jobs The candidate haveCorporate Finance jobsAssistance Company finedmoney, develop the business,

build acquisitions, plan forits financial future andmanage any cash on hand.

Finance Jobs

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Types of Jobs after you do an MBA

Money

Management

job

Money Managementjobs manage stocks

and bonds forinstitutional clientsand are on the buy

side of Wall Street

Insurance

jobs

Insurance Jobs assistsomeone and businessmanages risk to protect

themselves fromcatastrophic losses and toanticipate potential risk

problems.

Real Estate

jobs

Real Estate Jobs coverarea such as title

insurance,construction,

mortgage banking,property

management, realestate appraisals,

brokerage and leasing,and real estatedevelopment

Marketing

Jobs

Product Managementjobs have obligationsadmitting marketingand development ofproducts of all types.Advertising jobs cover

every media outletincluding newspapers,magazines, TV, radio,

and the Internet.Retailing jobs includes

store management,buying, and

merchandising

t

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xp or ng ra uate us ness egrees

Financial Questions

Do I need to work full time while going to school?

Will the company I work for sponsor my education?

Do I need financial aid, including loans or a scholarship?

Do I prefer to have financial aid?

Do I need to spread the cost of an MBA out to minimize my debt?

Lifestyle Questions

Work/l if e Balance

Could I handle a full-time workload and full-time course load?

Is it important that the school offer peer groups of people with my interests and experience level?

Will I want total immersion (activities outside of class and my network)?

Am I ready to assume the responsibilities of an MBA-level position?

Family Considerations

What special needs might my family have?

Will my spouse need to relocate and enter a new job market?

Is there a school-run organization to help spouses and families?

Program Style

Will I stay with my current employer after I earn my degree?

What kind of learning environments work best for me?

What biases exist in my targeted industry or company that could affect my choice of program type?

Do I already have a functional or industry specialty?

Do I need an MBA to develop a functional/industry specialty?

Location

Do I want to study in my home country, within my region, or abroad?

Will the local business community be an advantage? A disadvantage? (Consider the schools access to speakers, the availability of local

internships, and access to local companies for class projects)

School Cul ture

Does the prevailing culture of a school fit with my personality?

Do I like the dominant personalities of the student body, staff, faculty, and alumni?

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Figuring Out Your Finances

Start Your Planning Early

Even while youre thinking about applying to business school, you should start to get your finances inorderconsider saving some money to pay for at least a part of the cost of your education..

Consider the Pros and Cons of Borrowing

There are two big ifs in the financial aid process:

The school has to approve your application for financial aid.

A lender has to loan you the actual money.

Before you apply, you should reduce as much of your personal debt as possible and make sure you are up todate on all credit card payments and outstanding loans.

Even if you are a credit risk, a school may or may not allow you to borrow the maximum a lender willapprove. The school uses an estimated cost of education and living expenses to figure out what you shouldborrow, which may be less than the maximum you could borrow. If you decide to spend more than what theschool estimates you should spend, you will be responsible for those extra expenses.

Take a Closer Look at Loans

Loans can be a good way to finance your business education, but avoid borrowing more than you actuallyneed. Remember that loans are paid back over time, with interest accruing, so be careful to not borrow so

much that its a struggle to make the monthly repayments after you graduate. Review Your Financial Big Picture

Look at your total costs:

Total cost of tuition and related academic expensescompare the costs of each school you are consideringin order to make the best choice.

Total cost of livingfactor in the location of each school

Availability of financial aid

Opportunity costsestimate a modest starting salary and compare your projected earnings over the next

several years with and without a graduate business degree.

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Steps to a Graduate Business Degree

1.Start Smart

Self Assess

2. Decide YourCareer Path

3. Know Yourself4. The GMAT

5.Choose YourSchool andProgram

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So, who are MBAs? Could you be one of them?

Theres no magic formula for the perfect undergraduate major, set of academic achievements, pre-MBA work

experience and extracurricular accomplishments, essays, interviews, or references. Nor is there a common

career goal or industry in which they aspire to work.

What MBAs have in common is motivation, self-knowledge, realistic career goals, and a desire to learn

and grow.

Pre-MBA Work Experience

Talk to MBAs, and you're likely to meet one who has:

Worked in investment banking

Run a non-profit company

Worked in sales

Worked as an engineer

Been a policy analyst for a government organization

Worked as a consultant

Worked as a copywriter for an ad agency Designed websites

Worked as a compensation analyst for a corporation

Been an auditor

Worked as a researcher or an economist

The MBA is right for all these peopleas long as they show management talent and a track record of

performance in their pre-MBA work, the two things employers look for in new MBA hires.

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MBA Prospects in India

Successful completion of MBA courses can offer you at least the followingoptions -

Fast-track growth in professional career

Being an entrepreneur, you can set up your own business

Opportunity to explore

Becoming a leader in an emerging field

Developing business knowledge and technical skills

Accept the MBA programme as a challenge by setting your personal andcareer objectives.

Utilize the Masters of Business Administration degree for closing gaps lying

within your skills and qualifications for advancing your management career.There is huge demand of talented and hard working people in the corporatesector these days. Your enthusiasm and hunger for success will surelymake you amongst top entrepreneurs of the world.

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What is a MBA?

An MBA is a post graduate degree in

business communication. MBA stands for

Masters of Business Administration and is

a very popular course for businessstudents the world over. The MBA

program is recognized worldwide and is

considered as a major step towards a

successful business management career.

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Why an MBA?

The MBA qualification broadens and enhances knowledgeand should be viewed in a sense of building up skills.Although the most popular reasons for undertaking theMBA is to increase salary, other reasons include wideningcareer opportunities, furthering ones career and/or toextend personal networks. There are other equallyimportant reasons that any prospective MBA student willstate, but by far the most compelling is to create careeropportunities for oneself. At the end of an MBA

programme, one emerges with an upper level of functionalmanagerial and business issues as well as new conceptualskills ready to meet the demands that are set by thecompetitiveness around us.

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Scope of MBA

The scope for a MBA graduate is unparalleled. Apart

from attractive pay packets and placements being

offered at college-level itself, it opens doors to

various sectoral opportunities. The Indian Corporateworld has seen many MBA professionals occupying

top slots in the corporate ladder.

Apart from Corporate careers, one can opt for

entrepreneurship, work in co-operatives, NGO's asthe opportunities are literally unlimited.

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Even when the industry goes through

Recession. MBAs are the first in and among

the first out, thereby reaping the benefits of a

rising industry and the smartness of exiting toa different industry when the fall happened.

This is due to the multi-dimensional, multi-

tasking quality an MBA possesses

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With an MBA, you can:

Advance your career Whether you're a doctor, an engineer, or an editor for

your local newspaper, a graduate business degree can

prepare you to move into a managerial position

within your field. Change your career

If your current career path is a less than perfect fit for

your aptitudes and interests, business school can give

you the opportunity to explore your options, thenprovide you with the training you need to change

careers entirely.

Set up your own business

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Set up your own business

Interested in starting your own business but not sure thatyou have the necessary expertise to launch a start-up in ahigh-growth industry

Research has shown that the failure rate for smallbusinesses started by an MBA is about 50 percent less thanthe standard failure rate.

Develop technical skill and business Knowledge

MBA programe will put you on the fast-track to career

advancement by offering you the chance to develop a

wide range of general business knowledge and a broadbase of technical skill in a relatively short period of time.

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Admission Process

Eligibility

The minimum requirements for almost all institutes to seek admission to theirMasters Degree / Post-Graduate Diploma in Management are : A Bachelors Degree (or equivalent) in any discipline, with at least 50% aggregate

marks(45% for reserved categories)

OR Appearing at the final-year examination of a post 10+2 course. of minimum three

years duration, leading to an award of a Bachelors Degree, in any discipline of astatutory university in India (so recognised by the Association of IndianUniversities)

OR

Post-Graduate applicants having at least 50% marks (45% for reserved categories)in either their Bachelors or Post-Graduate Degrees.

Note :Some institutes also require that applicants have 50% at 10th and/or 12thlevel. Some also have higher eligibility percentages (55-60%) at graduation level.

Prospectus and Application Forms

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Prospectus and Application Forms

Most institutes advertise in all leading newspapers, indicating where, when andhow interested candidates may apply for prospectus and application forms.The Prospectus for various institutes are priced anywhere between Rs. 300/- to Rs.1000/-. Most of the institutes include the examination fee in this price. Howeversome may ask for additional amount as examination fee. Considering the high cost

of appearing for an entrance test, it is advised that students must plan out inadvance about which exams they would like to take up seriously and fill up onlythose forms.

Written Test

The first phase of selection of candidates for admission to the Masters / Post-Graduate Diploma in Management is on the basis of their performance in a WrittenTest. This seeks to test the aptitude of the candidates in four major areas - VerbalAbility, Reading Comprehension, Quantitative Ability and Business DataInterpretation.

Some institutes also ask Business and General Awareness questions while somemay include an essay writing section.

Group Discussion & Interview

After the entrance exam every institute shortlists candidates for qualitativeassessment which mainly includes two stages.

Group Discussion.Personal Interview.

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Advance your career

Change your career

Set-up your own business Develop technical skill & Business

knowledge

Become a leader in an emerging field

Network

With an MBA, you can

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Initiative 77%

Professionalism 77%

Motivation 76%

Integrity 76%

Ability to deal effectively with pressure/obstacles 75%

Achievement/goal orientation 74%

Innovation/creativity 68%

Adaptability 68%

Collaboration 65%

Efficiency 49%

Listening ability 48%

Discipline 45%

Persuasiveness 39%

Cross-cultural sensitivity 39%

Diplomacy/tact 33%

Capacity and willingness to follow a leader 30%

Empathy 25%

Desired Traits Employers Seek in New 2011 MBA Hires

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1) Communication Skills

2) Honesty / Integrity

3) Teamwork Skills

4) Interpersonal Skills

5) Motivation Initiative

6) Strong work Ethic

7) Analytical Skills

8) Flexibility / Adaptability9) Computer Skills

10) Self-Confidence

10 Things Employers Want From A

New Hire

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