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  Why MBA

   Master of Business Administration

The Master of Business Administration (MBA or M.B.A.)  is a master's degree in business administration. It attracts people from a wide range of disciplines. The concept of MBA originated in the United States. It emerged from the late 19th century as the country industrialized and companies sought out scientific approaches to management. The core courses in the MBA program are designed to introduce students to the various areas of business such as accounting, finance, marketing, human resources, operations management, etc. Today MBA is one of the most sought after courses and therefore, we would like to impart you with some of basic knowledge of this course.
WHY DO YOU WANT TO BE AN MBA?
This is the tritest question that every MBA aspirant is posed with. The irony of the situation is that most of the students want to pursue this course due to exorbitant pay packages the industry offers after the completion of this course. But, if this is the only reason for your interest in the course, then you might end up getting nothing. MBA is a course that requires certain basic qualities like ingenious management skills, passion for your job and a disciplined and sincere approach. If you do not have the passion for the job you must not think about this option, because MBA altogether is a tough job.

GOAL: MBA
MBA requires a firm goal and serious determination. From cracking the MBA entrance exam to completing the course, MBA is a difficult job but certainly not impossible. Every year about six to eight per cent of the graduating students join start up firms and enterprises, just because of the tremendous growth opportunities offered by these enterprises. If your goal is set then the two years at a business school can provide you a path for your future.

What is MBA all about?
Just having an MBA degree is not enough. One must dig deep into the reasons why you want to be an MBA. You must identify your interest and key skills and then work in only that direction. Fat pay packages depends on the economic growth percentage. Pay packages are a direct function of economic growth. Therefore, just salary should not be the matter for a student. Following are a few steps of how one can build a strong foundation for his or her career. These steps are:

  • Set a goal for yourself
  • Find your flair and forte by introspection.
  • Shortlist the B-schools depending on your flair and area of specialization.
  • Read about basic concepts of management, this would give you an edge over others.
  • Know how to prepare for various entrance exams. They generally test mathematical abilities and verbal skills.
  • Try to deliberately introduce an element of stress and uncertainty at every step of preparation.
  • Learn to relax only at the end of the day.
  • But, MBA is not only a test of your mathematical and verbal skills; it is a test of your aptitude, attitude and approach. The right combination of these three is a pre-requisite for a successful MBA program.

    What is the selection procedure?
    Stage-1: The Written Test -
    Most institutes conduct their Written Tests between November and January. The written tests, inter alia, include the following:
  • This section of an MBA written examination tests skill levels of aspirants up to Higher secondary school mathematics. The favorite topics for the paper setter in quantitative section include.
  • Arithmetic (Number Theory, Ratio and Proportion, TSD, Percentages, Partnerships, Mixtures and Alligations etc.
  • Geometry: - Lines and Angles, Triangles, Circles, Co-Ordinate Geometry etc.
  • Algebra :- Quadratic equations, Functions
  • Probability, Permutations and Combinations
  • Set theory, Trigonometry, Stock and Shares etc.
  • Verbal Ability: - This section includes Grammar, English usage, Reading comprehension, Vocabulary and other aspects of English language
  • General and Business Awareness: - It includes static and current general knowledge and business awareness.
  • Reasoning Abilities: - This includes puzzles, critical reasoning, visual reasoning etc.
  • To clear a written test a candidate should be able to maintain a proper balance between speed and accuracy. There is a general belief that candidates who are able to manage their time will come out victorious in the 1st phase of MBA entrance. The call letter for stage 2 which involves Group Discussion and Interview is sent to students who qualify the test.

    Stage-2:

    The Group Discussion and Interview - This stage of the process is held between February and March for most of the institutes. GDs and PIs are undertaken to check a candidate s personality traits. Personality traits being checked in a GD are Group Behavior, Awareness, Communication skills, Reasoning ability, Flexibility, Leadership, Assertiveness, Initiative, Confidence, Creativity to name a few. An interview can be broadly categorized into Personal Interview and Group Interview. In a Personal Interview apart from the personality traits an interviewer or the panel is interested in knowing about candidate’s academics, goals and self awareness level. 

    Stage-3:
    The Final Call: After having cleared the above two stages you will receive that all-important Final Call letter informing you that you have been selected. Most of the institutes ask the candidates to pay the first installment of the course within 30 days of the date of the call.

    Hence, a business school tests your prowess in every field that is required for the construction of a successful manager.

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