There are a variety of MBA courses available in India and abroad and the students opting for them have a varied background. While some go for normal two-year courses, those who have little time or are engaged with businesses or jobs opt for Executive MBA programs and part-time MBA courses.
There are a variety of MBA courses available in India and abroad and the students opting for them have a varied background. While some go for normal two-year courses, those who have little time or are engaged with businesses or jobs opt for Executive MBA programs and part-time MBA courses. An MBA education broadens and enhances knowledge and should be viewed in a sense of building up skills. It is utilized to find solutions to business issues.
MBA enhances your skills
MBA courses imbibe in the students the capability and skills to maximize individual and organizational productivity. These MBA courses prepare the students to meet the demands of the marketplace. Dr. Pankaj Chandra, Director, IIM Bangalore, says, “Enrolling for different MBA courses is the best way for the candidate to learn how to build and mould innovative organizations. It teaches the learners how to go about analyzing management techniques and paves the way for building managerial perspectives. It also elucidates how the economy works within a society.”
Dr. Jyotsna Bhatnagar, Associate Professor and Chairperson, PGP – HR, MDI Gurgaon gives a detailed view of what MBA imbibes in you during two years of the course. She mentions that apart from making you ready for the corporate world, it also teaches you how to manage, time, yourself and your peers. She also emphasizes on the fact that you have to gain practical experience by going to the field. “You have to work in ground reality which no theory can teach you,” Dr. Bhatnagar says.
Ability to deal with real life crisis by case studies
Also the case methodology that is practiced by almost all MBA institutes is a thing that leaves the students with a great understanding of practical management knowledge and solutions. “The Case-Method creates a classroom in which students succeed not by simply absorbing facts and theories, but also by exercising the skills of leadership and teamwork in the face of real problems,” Dr. Chandra says.
MBA courses equip the candidates with adequate skills to face the challenges of a corporate career. IIM Ahmedabad alumnus Santosh Desai, CEO, Future Brands, says, “The wonderful thing about the MBA is that one will not just be the manager, but also a creator. I think the most important future challenge would be how you are going to transcend the act of managers. In management institute, you are given the freedom to think and to face the challenges. It will be new because all the things are in you but nothing compels you to think independently as does the good MBA course.”
So, the MBA is not just a degree, much more in fact. It helps you find yourself and the capability within.
Former Director of IIM Indore Dr. S P Parashar, says, “MBA education is critical for the development of a country. If you look around at the CEOs across the country they are all the alumni of these great Indian MBA institutes. Many academic leaders in top-tier B schools in India are themselves from IIMs.”
Makes you ready for the corporate world
But some experts believe that the value addition of these MBA courses largely depends on the candidate himself. Two students can get the same education but the way they use it can be different.
Dr. Rajnish Karki, Visiting Faculty of IIM Ahmedabad and author of the book ‘Competing With the Best Strategic Management of Indian Companies in a Globalizing Arena’ mentions, “You learn how to manage projects. IIM Ahmedabad students do real life case studies which gives them deeper understanding of the real industry.”
Way to MBA
To enroll yourself into the MBA courses one first needs to go through entrance tests like Common Admission Test (CAT), XLRI Aptitude Test (XAT), Management Aptitude Test (MAT), IIFT, FMS, JMET and a dozen more similar exams. MBA is also an expensive affair in terms of time and money investment. The pattern of the tests like CAT, NMAT and MAT have become computer based, which has led to the increase in the exam fees and other related expenditures like test prep fees etc. Now, with the MBA institutes in India have their own fees structure and most of them have increased it for this academic year.
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