Nov 9, 2017

Why to Choose MBA as career? What are the career prospects of MBA?

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The M.B.A. is master’s degree of management or business administration. The full form of M.B.A. is known as Masters of Business Administration. This degree began in the United States in beginning of the 20th century. This is thoroughly a professional degree and the various accreditation bodies provide MBA programme to ensure the consistency and quality of the education. The various institutions, universities, colleges, etc are running this degree around the world offering into the different field i.e. Human Resource Management, Financial Management, Marketing Management, Mass Media, Accounting, Operations, and International Business etc. The programmes offered under this degree are given in the various modes that are full time, part time, executive and distance learning programmes.

MBA

The MBA is an internationally recognized and geographically flexible post graduate, post experience academic course in a number of subjects that together can be known to constitute the science of management. It is all about understanding the each and every aspect of business dynamics. An MBA is about learning that how to work with people, because it is people who run businesses.

ADMISSION CRITERIA:-

This programme is based on various admission criteria like entrance exam score e.g. CAT (The Commnon Admission Test), academic transcript, work experience, recommendation letter, personal interview, group discussion, volunteer work etc. Some business schools and universities are following their own entrance test format and criteria related to the admission in such a programme. Some business schools donot give weightage to the entrance exam but they consider the other factors like work experience, community work, international student ratio etc.

Career Prospects:-

The light is being thrown on the career prospective of the various aspects and specialization of the MBA. There are major five specializations in which the students are pursuing their careers i.e. Banking and Finance, Human Resource Management, Marketing Management, Information Technology and International Business. Now based on the specializations, the following conclusions can be derived which are noted as follows.

MBA (Banking and Finance): The average salary for the entry level position in this sector varies from 2 lakhs to 3 lakhs per annum. Once, the candidate spends considerable time into the industry that is 10 years and more the candidate can draw the salary up to 15 to 25 lakhs per annum, which is again depending upon the various geographical locations

MBA (Marketing Management):- The average salary for the entry level position in this sector varies from 1.5 lakhs to 3 lakhs per annum. Once, the candidate spends considerable time into the industry or company that is 10 years and more the candidate can draw the salary up to 25 to 30 lakhs per annum, which is again depending upon the various geographical locations.

MBA (Human Resource Management):- The average salary for the entry level position in this sector varies from 1.5 lakhs to 2 lakhs per annum. Once, the candidate spends considerable time into the industry that is 10 years and more the candidate can draw the salary up to 10 to 20 lakhs per annum, which is again depending upon the various geographical locations.

MBA (Information Technology):- The average salary for the entry level position in this sector varies from 2 lakhs to 3 lakhs per annum. Once, the candidate spends considerable time into the industry that is 10 years and more the candidate can draw the salary up to 15 to 20 lakhs per annum, which is again depending upon the various geographical locations.

MBA (International Business):- The average salary for the entry level position in this sector varies from 2.5 lakhs to 4 lakhs per annum. Once, the candidate spends considerable time into the industry that is 10 years and more the candidate can draw the salary up to 10 to 20 lakhs per annum, which is again depending upon the various geographical locations.

 

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Read Also:-

How MBA Is Going To Change Your Mind?

Is Studying MBA a Good Investment?

5 Tips to Choose the Right MBA College

Top 50 MBA Colleges in India

Important Entrance Exams to secure admission in top MBA colleges​

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