In recent times, global trends have changed a lot with an increase in competition and a demanding market. MBA degree has become imperative for the youth to ensure a promising and rewarding career in this ever changing and demanding professional world. MBA opens a wide range of opportunities for the students that sometimes goes beyond the technical skills and training of an individual and comes up as a much-required boost in self-confidence, communication skills, and decision-making skills.
An MBA is the degree that offers you a wide range of career options. It will help you develop your skills and abilities in various areas of business. An MBA after engineering will provide you with an understanding of the different aspects of business, along with a strong technical background.
Entrepreneurship and leadership are two fields where an MBA after engineering can be very beneficial for your career.
Executive MBAs are designed for executives who want to advance their careers by taking on more responsibility or moving into new industries. They often require at least three years’ experience in the industry and a graduate degree in another field, such as engineering or law.
Management courses are offered at many universities and colleges, with the course content varying from school to school. Some management courses may focus on general management while others may focus on specific industries such as healthcare or finance.
Table of Contents
How MBA helps one in achieving their career goals?
1. Build advanced, robust management skills: It is the primary objective of every MBA professional to develop great managerial skills to keep themselves up with the industry standards. Some of these skills includes;
a) Knowing how to promote and sell your products and services.
b) Connect and build a strong network of likeminded professionals for successful partnerships and collaborations
c) Provide helpful solutions during crisis in order to sustain their businesses
d) Possess leadership skills to bring development in everyone’s career, who is there in the team
2. Multiple specialisations: As discussed above an MBA program opens up a number of rewarding opportunities through various specialisations, which one can choose according to their interest.
a) Digital finance and banking: It is further divided into banking, corporate and financial analysis, which includes learning the essential skills and recent trends in order to manage the financial resources for a company or organization
b) Marketing: If you are enthusiastic about giving your customer a delightful experience through your / your company’s products or services then this field is made for you. You can learn about different strategies in order to keep yourself updated with the market and brand your product among your customers in a way that can help you or your company in being ahead of your competitors and capturing the audience’s attention.
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c) Entrepreneurship: This is a new and most promising field especially popular in the start-up culture. For this field, you learn the necessary skills and trends to understand the problems of a community and offer them better, simplified and sustainable solutions for their problems with the help of technology. Here, you develop a business around your idea to solve any specific problem of the society and manage a team of diverse people to grow your business further.
d) General Management: In this, one learns the managerial skills required to understand the general business functions and managing their day-to-day activities through better coordination among different resources of the company.
e) Operations: This specialisation is suitable for managers in charge of the production line for the seamless working and coordination of all the departments in an organization.
f) Human resource: Completely focussed on maintaining employee’s growth, the value in their work, team development, conflict resolution, and more. In general, this specialisation focuses on managing people in an organization for their growth. 3. Access extensive business network: one of the most important aspects of having an MBA degree is the vast network and opportunities it brings for you along with that you get a better understanding of the business. It helps you to reach global leaders, learn their working methodology and adapt to the system accordingly. You can also closely work with the business professionals around the world and could have a hand on experiencing different problems that are encountered by the business world on a daily basis.
3. Building a Strategic Thinking Approach: Businesses face problems on a daily basis. A management graduate or professional helps them in finding out a real time solution for their problems. An MBA programme will teach you to equip yourself with advanced decision-making abilities and get better at weighing numerous options for fixing a problem.
4. Deeper understanding of the business: An MBA will help you to learn the skills and have a deeper understanding of the business fundamentals that remains the same across industries. This will also teach you industry specific aspects of running an organisation in the marketing, sales, administration, finance, accounting, and several other domains.
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5. Increasing demand and high paying switches: Recent trends have shown that the demand for the skilled and experienced professionals will increase in the coming period more importantly the ones who are equipped with leadership skills. Now focusing on the switch between different organisations, An MBA professional can have an easy switch due to the extensive knowledge the candidate has acquired during their MBA tenure. MBA holders can find meaningful opportunities across various industries and even set up their very own businesses from scratch.
College fee and entrance exams
The entrance exams for MBA courses can be demanding and challenging. However, they are not impossible to crack with a little bit of preparation and patience. An MBA course usually lasts for two years and there are many institutes in India which offer MBA programmes. The fee structure and entrance exams differ depending on the institute you choose to apply to.
There are numerous colleges in India that are providing degrees in MBA through several entrance exams. Out of them the most popular ones are CAT, CMAT, GMAT and MAT which are nationally recognized by the universities or colleges. There are several other entrance examinations which are held by the state universities and the private universities according to their requirements which includes, XAT, IIFT, SNAP, TISSNET, TSICET etc. Though the fees for an MBA varies from college to college, it mostly falls into the range of eight lacs to 35 lacs depending upon the college.
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Conclusion
MBA programs are turning out to be a necessity in today’s business world. With an MBA degree, one can get a better understanding of what he or she needs to do in order to succeed in the business world.
Certainly, it can be said that opting for an MBA degree will surely help one to stand out of the crowd. Though opting for an MBA is tricky to follow, surely it makes the individual better aware of the dynamic market, the rigorous competition of the corporate world and also about the skills in demand.
Hope the career opportunities presented here, will give you an idea to choose a course of your interest for your career growth. If you liked this article, then also share it with your community using social media and help others in getting benefitted with it.
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Wishing you all a splendid and exponentially growing career journey ahead.
I am Adesh Vats presently pursuing my MBA in Business Analytics. I am an optimistic person who believe more in practical than in theoretical. Exploring the different places and taking photographs is my hobby.
Nice post!!