Masters in Business Administration (MBA)Bulls Eye
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Masters in Business Administration (MBA)
MBA (Masters in Business Administration) is a postgraduate course in management education. Amidst the plethora of career avenues available today, management stands out as one of the most popular choices. It offers a rare combination of a lucrative salary, challenging job profile, fast track growth and immense job satisfaction.
The popularity of MBA as a preferred career option can be estimated from the rise in the number of institutes offering MBA courses. According to one estimate, there are 1100 + institutes offering MBA programs. This meteoric rise in the number of institutes offering MBA program and the number of students (around 3.5 lakhs every year) aspiring to get an MBA degree is not without reason. Since most institutes do not discriminate among students from different fields, graduates from all fields: Commerce, Arts, Engineering, Science and Medical are attracted to the MBA program. With increasing professionalism in management, a huge number of job opportunities have been created in the field; in contrast there is a saturation of jobs in government organizations. There is also a growing demand for good Indian managers abroad.
MBA is a two-year course, at the end of which, one is conferred with one of the following qualifications: MBA (Master in Business Administration), PGDM (Post Graduate Diploma in Management), PGPM (Post Graduate Programme in Management) or PGDBM (Post Graduate Diploma in Business Management). According to the UGC Act, only universities are authorized to issue degree to students in India. As a result, most of the top institutes in India confer diplomas.
Career opportunities after MBA are a function of three factors: The Institute from where you do MBA, your area of specialization & the organization you work for. The quality of final placements is often used to judge how good a B-school is.