What is an MBA

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MBA
What is an MBA? MBA stands for Master of Business Administration and is a 2-year programme in Management studies. On par (in terms of equivalence) with other Post Graduate courses, an MBA is a practical preparation for individuals in business or management. One thing to be kept in mind is that if one wants to do an MBA, one should aim for the premiere institutes. Students passing out of these institutes are the most sought after. The Advantages of a Management Education
• • • • • •

Imparts skills in all facets of management Bestows the ability to provide leadership, inspiration & motivation to people Helps in decision making through the use of scarce resources Lucrative and satisfying career Faster movement on the career path Management graduates are perceived to be go-getters, superior in analytical and intellectual capabilities

Making of an MBA Typically, the following is the path
• • • 2 year course with 3 trimesters in each year Each trimester of 10-12 weeks Each trimester 6-9 subjects

First Year
• Introduction to functional areas of management

Method of Instruction
• • Classroom Lectures Home assignments

Summers
• Project work of 8-10 weeks (Opportunity to check out career specialization interests)

• • • • • •

Second Year
• Compulsory Courses + 17-20 electives of ones own choice Specialization Courses

Discussion on assigned readings Case studies - Exposure to real life situations in India and Abroad Presentations Group tasks and projects Business games simulation Real-life Field projects



Systems Management : Systems are almost synonymous with computers. Actually, though, the latter are only a means to achieving the end. For instance, even a paanwala at the street corner has his own system of running his business which includes procurement, stocking , display, sales, cash management, etc. However, due to the sheer volume of transactions of various kinds in a large organization, systems are developed and maintained with the help of the latest Information Technology (IT) tools. A specialization in IT offers scope for a career in many areas in the industry. The options could be Project Management in a software development company like Infosys, TCS, etc., or sales and marketing in IT companies like Tata - IBM, Wipro, Infotech, etc. An engineer - MBA with a sound understanding of business concepts in seen as ideal for the job of a project manager in software development activities, such as developing an on-line network with company distributors across the country. A fresh MBA starts at the level or a software development engineer (almost at par with an engineer or an MCA) and is actively involved in coding. However, the rise is much more rapid for an MBA who can reach the project management responsibility in 2 to 3 years.
Large Manufacturing Organizations Systems

activity is a support function which is responsible for custom - development of IT solutions in all areas, from automating attendance punching to putting daily sales and distribution data on-line, to developing Enterprise Resource Planning solutions.

The skills required are the following:

• • • • •

Good Analytical Skills Project Management Team Work Quest for knowledge Good communication

Here we list the leading B-Schools of the country. If you want to know more about the institute kindly visit the corresponding website of the institute.
• Indian Institute of Management - Ahmedabad (IIM-A) -



Founded by the Government of India in 1961, IIM-A is perhaps the most reputed management institute in the country. Not only that, the institute is also acknowledged as one of the top Bschools the worldwide. Besides education, the institute is actively involved in management development programme, research, consulting, and publishing. Situated at Ahmedabad, IIM-A offers courses in management at the post-graduate level. www.iimahd.ernet.in Indian Institute of Management - Bangalore (IIM-B) - Founded by Govt. of India in 1973, IIM-B is one of the top three or four B-Schools of the country. Besides education, IIM-B is actively involved in management development programme, research, consulting, and organizing seminars & workshops. Situated in Bangalore, the institute offers courses in management at post-graduate level. www.iimb.ernet.in
Indian Institute of Management - Calcutta (IIM-C) - Founded by the Government of India in 1961, IIM-C is one of the top three or four B-Schools of the country. It is one of the first two IIMs established in the country. Besides education, IIM-C is actively involved in management development training, research, consulting, and publications. Situated at Calcutta, IIM-C offers courses in management at post-graduate level. www.iimcal.ac.in Indian Institute of Management - Indore (IIM - I)- IIM-I is the youngest of all the









IIMs. Its initial focus is on teaching, management development training, research and consulting. Currently, IIM-I is offering Post-Graduate Programme in Management (PGP) at its makeshift facility in Indore. Very soon, IIM-I will shift into its 150-acre campus just outside Indore. www.iimidr.ac.in Indian Institute of Management - Kozhikode (IIM - K) - Established in 1996, IIM-K is the older of the two newly established IIMs. An important vision of the institute is to aid managerial skill formation for effective decision making and problem solving in the ensuing globalised era. Situated in Calicut, IIM-K currently offers the Post-Graduate Programme in Management. www.iimk.ac.in Indian Institute of Management - Lucknow (IIM-L) - Founded by the Government of India in 1985. Besides education, IIM-L is actively involved in management

















development training, research, and consulting. Situated at Lucknow in the state of Uttar Pradesh, the institute offers courses in management at post-graduate level. www.iiml.ac.in Xavier's Labour Relations Institute (XLRI) - Established in 1949 in the steel city of Jamshedpur, XLRI was born of the vision of Jesuit Priest Father Quinn Enright. Today, the institute is ranked amongst the top management institutes in the country. The courses offered are post-graduate courses on personnel management, labour relations and business management. www.xlri.ac.in Faculty of Management Studies (FMS) - FMS was established in 1954 by Delhi University. It was the first institute to introduce part-time MBA in India. Today it is one of the top six or seven B-Schools in the country and offers a number of courses in management including MBA. FMS is also actively involved in management development programmes, research, consulting etc. www.fms.edu Jamnalal Bajaj Institute of Management Studies (JBIMS) - JBIMS has the distinction of starting the first full - time two years' Masters Programme in Management Studies in India in 1965. Situated in the heart of India's commercial capital Mumbai, the institute is amongst the top six or seven management institutes in the country. The institute is also rated amongst the top 20 in the AsiaPacific region.www.jbims.edu S. P. Jain Institute of Management and Research (SPJIMR) - Inaugurated in 1981 by the then British Prime Minister Margaret Thatcher, S. P. Jain is one of the top ten management institutes in the country today. Situated in Mumbai, SPJIMR offers courses in management at post-graduate level. www.spjimr.org Narsee Monjee Institute of Management Studies (NMIMS) - NMIMS completes the trinity of well know institutes in Mumbai (along with JBIMS and S. P. Jain). It is the only recognised institute to be accorded a permanent recognition by the University of Bombay; it is also among the top 10 B-Schools of the country. Courses offered include post-graduate courses in management, advertising & communication and rural marketing. www.nmims.edu Institute of Management Technology (IMT) - IMT was established in 1980 (in Ghaziabad, Uttar Pradesh) under the aegis of Dr. K. Nath Public Trust to foster management education. Rated amongst the top 15 B-Schools of the country, IMT is known for its post-graduate programmes in management and its highly professional and successful placement cell in the field of information technology in the country. www.imt.edu Management Development Institute (MDI) - MDI was established in Gurgaon in 1973 with the support of the Industrial Finance Corporation of India (IFCI). Today, the institute has become a leading institution for education, training, research and consultancy. MDI offers post-graduate courses in management and is rated amongst the top 15 B-Schools of the country. www.mdi.ac.in Xavier Institute of Management (XIM) - Established in 1987, XIM has established itself as one of the leading centres for post-graduate studies in management in Eastern India. The institute owes its origin to a 'social contract' between the Govt.





of Orissa and the Orissa Jesuit Society. XIM offers post-graduate level courses in management. www.ximmumbai.com International Management Institute (IMI) - was set up as an autonomous non-profit educational Society under the Societies Registration Act 1860 in collaboration with International Management Institute, Geneva to meet the widely felt need for Internationally Oriented management education/ training for managers at all levels in industry, government and public systems. www.imi.edu Symbiosis Institute of Business Management (SIBM) - SIBM is the most prominent member in the long list of institutes that come under the Symbiosis umbrella. It is part of the highly acclaimed Pune University. Besides offering post-graduate level courses in management, SIBM is also well known for research, consulting and organizing workshops and seminars on management. As a B-School it is considered among the top ten by many and amongst the top fifteen by most. www.sibm.edu
Symbiosis Centre for Management and Human Resource Development (SCMHRD) -











SCMHRD is part of the Symbiosis family of educational institutes, it s also amongst the top fifteen or sixteen B-schools of India. Situated in Pune, SCMHRD has rapidly grown into a sought after institute for post-graduate studies in general management and Human Resource management. www.scmhrd.edu Indian Institute of Forest Management (IIFM) - IIFM was born in 1974 when the concept of professional management of forests was conceptualised by the Government of India. Situated in Bhopal, the capital of the state of Madhya Pradesh, the institute offers specialized post-graduate courses in forestry and natural resource management. www.iifm.org Indian Institute of Foreign Trade (IIFT) - IIFT was established in New Delhi in 1964 with the main objective of evolving and advancing international business education and research in the country. This Government of India enterprise offers several part-time and full-time programmes at post-graduate level related to the field of International Business/Foreign Trade. IIFT is perhaps the first choice for these types of courses in the country. www.iift.edu Tata Institute of Social Sciences (TISS) - Established in 1936 in Mumbai by Tatas, one of the leading industrial groups in the country, the institute is one of the premier institutes for social sciences and management education in the country. The institute offers postgraduate courses on personnel management, labour relations and social work. www.tiss.edu Institute of Rural Management, Anand (IRMA) - IRMA is an autonomous institution with the mandate of contributing to the professional management of rural organizations. It was founded in 1979 (in Anand, Gujrat) at the initiative of the National Dairy Development Board of India and with the support of the Government of India. Ever since its inception, IRMA has been working closely with Co-operatives, NGOs, various state Governments, National and International agencies. IRMA offers courses post-graduate level courses in rural management. www.irma.ac.in



National Institute of Fashion Technology (NIFT) -





Established in 1987, NIFT was conceived by the Indian Government to cater to the manpower requirements the nascent but rapidly growing Indian Fashion industry. With centres at Delhi, Calcutta, Chennai, Bangalore, Hyderabad, Gandhinagar and Mumbai, NIFT churns out professionals in several areas in related t6o fashion and clothing. It offers under-graduate as well as post-graduate programmes in fashion, garment manufacturing technology, accessory design, jewelry design etc. www.niftindia.com Mudra Institute of Communications, Ahmedabad (MICA) - Situated in Ahmedabad, MICA is the premier institute for post-graduate level courses in Communications and Advertising. MICA is an autonomous institute conceived by the well-known advertising agency Mudra Communications, its objective is to meet the need for professionals in the highly specialized field of advertising and communication. www.mica-india.net Bharatidasan Institute of Management (BIM) - Established in 1984, BIM is one of the leading management Institutes in Southern India. It was setup through the joint efforts of Bharat Heavy Electricals Limited and Bharatidasan University. BIM offers post-graduate level courses in management.

Almost all tests are of 2 hours' duration. They have multiple-choice questions. Some of these tests have negative marking while some of them like CET (Common Entrance Test) in Maharashtra do not. The scores of a year cannot be carried over to the next year unlike GRE and GMAT.
Areas tested in the Written Test •



• •



Quantitative Ability (QA): This section tests your mathematical skills and it comprises essentially high school mathematics. Topics covered are Number System, Profit & Loss, Percentages, Averages, Progression, Work, Speed, Geometry, Algebra and some miscellaneous topics. Data Interpretation (DI): This section has problems on different types of Data Representation. You have to analyse and give specific information from Tables, Activity Charts, Bar Charts, Pie Charts and Graphs. Verbal Ability (VA): This is a section on English usage. Topics tested are Grammar, Vocabulary and Verbal Reasoning. Reading Comprehension (RC): This section tests your reading skills. This section consists of about 5 passages followed by questions on the same. Passages are of about 800 words length and cover various topics such as music, astronomy, civics, sociology, art and literature. General Awareness/Business Awareness (GA/BA): This section basically tests if you have been keeping in touch with the current affairs and business events. This section is there in most of the tests except CAT. You are asked questions on



political events, scientific developments, awards, economic indicators, brands, CEOs and books. Logical Reasoning (LR): Your analytical skills are tested in this section. Under this section you can have Data Sufficiency, puzzles and deductive reasoning.

What are the different tests to be taken? CAT for the IIMs

The 2nd Sunday of December is when CAT, the entrance test for the IIMs is held. Other institutes like Management Development Institute (MDI), T.A. Pai Institute of Management (TAPMI), Goa Institute of Management (GIM), Mudra Institute of Communications (MICA), S.P. Jain Institute of Management and Research (SPJIMR), International Management Institute (IMI), and the Fore School of Management also conduct their admissions through CAT. The CAT of Dec 9, 2001 has been relatively easy as compared to the CAT of the previous two years when students emerged shell-shocked from the centres. The paper was of 2 hours' duration. There were 3 sections of 50 Questions each and there was no sectional time limit, meaning that you could attempt the whole paper in any order. There was negative marking for a wrong answer which we assume to be ¼ th of a right answer. The paper was easy, but the time pressure was tremendous as students get carried away while attempting the paper. The problem is not of complexity of the paper but of efficient time management.
XLRI

( Xavier's Labour Relations Institute, Jamshedpur ): XAT, the test for XLRI and Xavier Institute of Management, Bhubaneswar, was suppose to be the first test to go online from 2002. But XLRI had to finally conduct the test in a paper and pencil format, as its effort to go online were not successful. The XAT is usually held on the first Sunday of January and it has questions on General Awareness and Industrial Relations as a separate section. There is stress on higher level maths topics such as probability, set theory and permutations and combinations.
FMS

Faculty of Management Studies, Delhi : FMS has a paper whose pattern is similar to that of the CAT, and in addition, they have a Business and General Awareness section as well. The paper tends to have long passages but is relatively easy to solve. During the second stage of selection process, FMS has extempore apart from GDs and interviews.
MICA

Mudra Institute of Communication, Ahmedabad: MICA specializes in Advertising and Market Research. If you get a call from MICA after the written round (CAT), you would find yourself going through a special aptitude test for advertising at the interview stage.

This is to check your innovativeness, creativity and presence of mind. They also check awareness of brands, advertisement agencies, ad punchlines, and knowledge about sociocultural environment.
IIFT

Indian Institute of Foreign Trade, Delhi: The general awareness section of the IIFT paper has questions based on trade-related figures, dates, UN bodies and WTO. Rest of the sections are like CAT, but of a lower difficulty level. Usually, there is no negative marking in this test.
TISS

Tata Institute of Social Sciences, Mumbai: TISS specializes in Human Resources and Personnel Management. It is one of the most sought after B- Schools for Personnel Management. TISS paper consists of an essay on a socially relevant issue, apart from the aptitude test. The test is conducted in June in Mumbai.
CET

CET stands for "Common Entrance Test" - conducted by the Directorate of Technical Education, Maharashtra. In case you need to pursue an MBA Degree course from any of the affiliated universities in Maharashtra, you need to take this test. The competition is tough as there are very few seats for outside Maharashtra candidates. The number of institutes covered under CET runs into hundreds, but only a handful are worth a try. Some of these are Jamunalal Bajaj, Narsee Monjee, Symbiosis, etc.
JMET

The Joint Management Entrance Test for the Indian Institutes of Technology and the Indian Institute of Science; JMET is conducted in December. The Techno-MBAs passing out og IITs and IISc focus on Systems and Technology Management and go for relevant jobs in high-tech industries or consultancies. It is a discussion by a group of people. The discussion involves an exchange of thoughts and ideas among members of the group. Group Discussions are largely used in the selection process for admissions into institutes, where there is a high level of competition. The number of participants in a group can vary from 8-15 people. In most cases a topic or a situation will be given, and the group members will have to discuss it within a given period of time.
Reasons for employing a GD



Value for time

GD helps in forming an opinion about a large number of candidates in a short period of time on a common platform.


Skills assessment GD helps in assessing certain skills that cannot be evaluated even in a personal interview (leave alone the written application form etc.). These skills include team membership, leadership skills, listening and articulation skills etc.

What is checked in a GD

All that one observes in a GD can be categorized into two broad areas: - The Content and the Process.
• • •

The content is all about 'what' or the 'matter' spoken in the GD. Whereas, the process refers to the 'how', 'when' and 'why' of the GD. Both are equally important and need adequate attention at all stages. High quality contribution by one with no regard to the 'process' is as suicidal as another's contribution, which is high on packaging with little content.

Critical Success Factors in a GD •

Cognitive skills or knowledge The most important aspect of your contribution to a GD is the Quality of Content (QOC), which is reflected in the points you speak and knowledge of the relevant subject you have, the supportive examples you give and data you generated etc.



Comprehension of core idea It is essential to deliver a high quality content. But to do that , you should speak on the topic and not deviate. It is checked whether you have identified the crux of the problem or not and whether the solutions you are offering is relevant to the problem or not.



Logical reasoning It includes understanding the topic, generating quality arguments, analysis and a progressive approach to a justifiable conclusion. This is one of the necessary attributes to be seen in an influential participant. Such people convey an impression of open minded and logic driven rather than that of an opinionated individual.



Behavioural and Personality Skills This includes certain attributes like rapport building, team membership, participation, patience, assertion and accommodation, amenability, leadership etc,. that are assessed during a GD.



Communication Skills You should be able to articulate your thoughts properly and you should also be able to understand what others are trying to tell you.



Clarity of thought In whatever you are articulating, are you following logical sequence/ order or is that you are presenting the points in some bits and pieces.



Body Language and Eye Contact These are some tools which check your level of confidence and whether you can work together effectively in group or not.

Types of Group Discussions •



Structured (or Default) GD 1. A structured GD is one that is most commonly used. 2. The group is given a topic for discussion with 10 to 20 minutes for discussion. The topic can be anything going under the sun. 3. There is no leader appointed for the group and the brief may or may not include anything but the topic for discussion. Here the topic of discussion is clearly defined and students know what is the objective of discussion. Unstructured GD 1. Unstructuredness can be built into a discussion wherein no clear instructions are given. So first of all, the students have to decide as to what is to be done. 2. The panel expects the group to achieve some objective(s) during the course or by the end of the GD, but here the objectives are to be decided by the group itself and not given by the observer.

These might include tasks such as choosing the topic for discussion, appointing the leader or a chairman etc.
The Interview

An interview is a face-to-face meeting, especially for the purpose of obtaining a statement or for assessing the qualities of a candidate. An interview tries to obtain a statement or opinion, as is done for e.g. when film stars are interview

MBA In India
Indian B-Schools have come a long way to become the source of some of the best management talent in the world. The IIM graduates get placed on par with graduates hailing from the best schools in the world.
Entry route to the best

The Common Admission Test (CAT) is the entry route to the best B-schools in India. Other exams include the Common Entrance Test (CET) for entry into management institutes in Maharashtra. However the selection process across most of the institutes is essentially same, comprising of the following.
The Aptitute Test

Evaluates the candidate on
• • •

Managerial ability in subtle manner Decision making capability under constraints of time and data Ability to eliminate unwanted choices

Personality Assessment comprising of:
Group Discussion (GD)

Evaluates the candidate on
• • • • •

Communication - Clarity and Presentation (Articulation) Listening skills Quality of Content (Knowledge) Team membership (Interpersonal Skills) Ability to influence (Leadership)

Personal Interview

Evaluates the candidate on
• • • • • •

Strengths and Weaknesses Career Objectives Academic Performance Communication skills Areas of interest Achievements

Final selection to any business school is based on criteria such as the candidate's performance in Aptitude test, GD, Interview, Academic performance and Work experience.
What is the eligibility criteria for an MBA ? Atleast

a 3 year bachelor's degree or equivalent in any discipline recognised by any Indian University / AICTE as eligible for postgraduate studies. Students in final year of graduation can also apply. Such candidates, if selected, will be allowed provisional admission with the condition that the mark sheet and a certificate of passing is produced by certain specified date.

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