MBA growth prospects

Today the importance of education has grown multifold. Earlier being a graduate was enough to get a job but today being an MBA has become necessary to increase your job prospects. There is tremendous growth after executive MBA. Since an MBA equips you with so many skill sets and abilities you become good at managing and organizing. MBA teaches you logistics management, financial planning, marketing management, time management and other multi-tasking skills that help in your career growth! It helps you to improve your communication and negotiation techniques
However, growth depends in your capabilities and talents and also on the institute you pass out from. In India, most of the students from IIMs receive heavy salary packages not just because of students there deserve it but also because of the name, goodwill and the credibility that the institute has built over the passing years.

Because of the case study methodology and the intensive project training, students get all round training in every field and every aspect of business. During the course, one also makes in depth reports and presentations which involves a lot of research and analysis. This encourages the student to learn about new strategies and idea generation. Students become able to deal with such pressure which helps them in their growth. It is no wonder that MBA today has become a name that is synonymous to job and placement. Students ate doing their executive MBA only because of the good growth opportunities that they get.

MBA from ICFAI

ICFAI stands for Institute of Chartered Financial Analysts of India. The ICFAI universities are set up at Uttarakhand, Tripura, Sikkim, Meghalaya, Mizoram, Nagaland and Jharkhand under respective state legislations. It has a number of universities, engineering colleges and business schools and other educational institutes under it.

ICFAI is a premier institute for MBA in India. It is indeed a good career option that a student can opt for. ICFAI also offers distance learning MBA program which is very popular. It is considered to be amongst the best distance learning courses that are offered in the country. It is the only institute in the country that gives the degree of an MBA and not PGDBM (post graduate diploma in business management).

ICFAI offers 2 years, full-time MBA Program through 19 campuses that are setup in different parts of the country. The MBA Program is conducted under the ICFAI University which is located in Uttarakhand. ICFAI Business School also offers Full-time Ph.D. Program and Post Doctoral Fellowship in Management. For executive level programs, ICFAI also offers a one year full-time, campus-based residential executive post graduate level program at Hyderabad.
ICFAI also provides summer internship to all the distance learning MBA students. The classes for this course are held on weekends. There are training sessions that are organized for the students which help them clear their doubts. Adequate study material is provided to the students so that they can learn efficiently. ICFAI is known to provide really good study materials.

Analyzing Case-Studies

Now that you are aware of concept of case studies, let’s get down to analyzing the problem. While discussing the problem make sure to understand the basic problem and the symptoms associated with it. Both are two different things. You need to separate the said problem from its symptoms. Like, in the example of FMCG player, the actual problem could be that the competitors are offering better products and you having secured the largest chunk of the market did not come up with new offerings. Secondly your employees may have been looking for better work environment and pay package that you failed to realize.

One thing that needs to be kept in mind is whenever you discuss case studies and offer solutions; don’t just stick to one solution. Always come up with alternative solutions. That will show you totally understood the crux of the subject matter and willing to demonstrate every side of each alternative solution. In other words, that will show you are willing to look at all the aspects and think from every possible angle and that’s so vital in business world. You need to present your best foot forward. When you present the alternative solutions also remember to analyze pros and cons associated with each one of the solutions. While trying to come up with the final course of action, you must present the step by step approach. There is no quick fix problem in business world. Everything takes time and proper planning. So present a convincing plan and the necessary steps. Once you are able to do all the above said things, you are come up trumps.

The Concept of Case-Studies

Case studies have always been an integral part of management school curriculum. However, there has been a shift in the selection process of many top class B-schools. Now many management colleges have replaced the Group Discussion (GD) stage with case study analysis in the admission process. The reason behind this change is the view that case studies help institutes in a better way while checking students’ analysis power. In case of case studies, all the candidates are provided with same set of information and after that they are required to analyze it and present their findings. So that way, all the focus shifts to analysis ability of the candidates in stead of prior knowledge of topic given in the GD.

A case study is basically a situation given to the students. The subject matter could be anything including business, politics, current affairs or even sports related. The case studies can be inspired from real life happening or some imaginary condition. To present an example, you are operation head of a particular firm in FMCG sector and due to cut throat competition; you are slowly losing your market share. The entry of new players is also taking away your quality people and sales numbers are witnessing decline. So what would you do in such condition? Now in such condition, you have to perceive yourself in the said position and review the situation and think accordingly. This is the fun part as well as challenging part of solving case studies. Our next part will focus on analyzing and solving the problems of case studies.

MBA in Australia

Australia is a popular educational hub for international students. Indians students aspiring for higher management education have also taken a fancy for MBA Australia programs through distance education. Australia has several quality management schools spread across the length of the continent. Its proximity to rising economies like Malaysia, Singapore, most of the ASEAN nations also make it a comfortable place for management education. In last one decade, Australian B-Schools have emerged as the one of the top priority educational destination along with US and UK. Many renowned Australian colleges consistently managed to come in the top class business schools rankings.

Australian management curriculum is a contemporary mixture of best of Asian and European practices. Australian colleges offer knowledge based on practical practices. Also, being one of the major economies in the world, it offers several wonderful job opportunities to the students. Business study curriculum focuses on team work and interpersonal relationship skills along with communication skills. There are approximately 55 universities in Australia that offer management programs. Most of the MBA programs in Australia is of 16 to 20 months duration.

Some of the famous Australian B-schools are; Melbourne Business School, Macquarie Graduate School of Management, University of Queensland, Deakin Business School, University of Tech Sydney - Business Faculty, Australian Graduate School of Management, University of Western Sydney, University of Melbourne, Curtin Business School, Graduate School of Business - RMIT University etc. The fee for the program is usually in the range of 15000$ to 55000$, depending upon the programs offered and the course duration.

JMET

The JMET or Joint Management Entrance Test took place on December 14, 2008. JMET is held to select candidates for the post-graduate programmes in management offered by the six IITs (Mumbai, Delhi, Kanpur, Kharagpur, Chennai and Roorkee) and IISc Bangalore. Almost 37 across India organized the entrance test examination. JMET is one of the toughest management exams in India. The difficulty level of exam is not surprising considering the fact; one is trying to get into topmost engineering institutes. All the six IITs are crème a la crème. The eligibility criteria was Bachelor's degree in any discipline of Engineering or technology or its equivalent or a Master's degree in any discipline from a recognized Institute or University with at least 60 per cent marks.

JMET is quite different from CAT exam in few matters. If we talk section wise then DI section of JMET is not reasoning based as is the case with CAT which is reasoning as well as calculation based. JMET also place strong emphasis on basics of grammar. Vocabulary and punctuation is also checked thoroughly. JMET involves concepts related to higher mathematics which is not the case with CAT exam. JMAT reserves a complete section for reasoning unlike CAT. CAT exam has more stress on RC section but JMET has relatively easy questions in RCs. Passages are also quite short. JMET 2009 was of three hour duration. Earlier exams were of two year duration. The questions were also reduced in comparison to previous year paper.

MBA from Singapore

There are numerous B-Schools in India. But when one looks at number of students vying for seats in top business schools, there is definitely lack of adequate number of seats at premier management schools. Quite often, students also look for distance education on foreign shores. It’s a rather wise decision to look for better colleges when one is not able to secure a seat in good colleges in India. Doing MBA from foreign colleges will not only give you better chances of return on investment but also help in getting acquainted with global work environment. Plenty of work opportunities are also available for bright students. One of the favored places for Indian students is Singapore.

Singapore offers several one year management programs and selection is often based on academic records rather than entrance tests. Singapore is major economic centre and it offers wonderful study environment to Indian students. One of the major benefits of completing your MBA from this Asian nation is low cost compared to other preferred nations. The average fee including living costs is in range of 10- 15 Lakhs which is quite good relative to other countries. Singapore boasts of having great educational culture in Asia-Pacific Region with quality management schools.

Students can also work simultaneously along with their studies. One can work 16 hours per week apart from having the opportunity of studying with students from numerous nationalities. Singapore is also known for its economic might so that gives students wonderful chance of getting good job in one among 26,000 companies situated in the country. It is also a safe place in terms of ragging and drugs. So all in all, Singapore offers a wonderful chance to Indian students who want to study abroad.