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Management Education In India

MBA still continues to stay the most popular career option. A variety of programs and specialization’s are being provided. Increased job opportunities in different sectors of the society.

Scope of MBA in the country

The economic development of India has been extensive and constant. The growth has been imminent in the industrial sector. It is for this reason that the demand and popularity for business related courses has increased manifold.

MBA courses are the most popular out of all the business related options. A wider scope and numerous job opportunities make it superior to the other available possibilities. After successful completion of the course one can work in the financial, marketing, human resources, or retail sector of an industry. The list is, however, not restricted to these and there is a wide variety of options to choose from. MBA education helps get a better overview of the business world.

One need not start at the base level after having done an MBA. MBA professionals are placed almost at the top of the ladder as managing executives, business leaders, etc. from where the climb higher is even simpler. With a boost in the industrial sector, and the constant influence of upcoming companies, the scope of MBA is increasing every day.

However, some people beg to differ. A fraction of the society feels that the hubbub created around the course is highly over-rated, that this course is getting more attention than it actually deserves. This school of thought stems from the fact that most people in our country favor a career path in MBA in search of lucrative jobs and high salary packages. No importance is given to personal growth and skill development in order to generate economic value.

Moreover, a pass-out from any of the leading B-schools is automatically considered intelligent and good value for money by companies, when history has it that many leading business tycoons and entrepreneurs in the country today are ones with no formal education at all. This goes to conclude that eventually it is inherent passion that should drive a person’s motivation and not just the thirst to obtain a lucrative degree.

Negatives aside, the popularity of this course in the country continues to flourish with an increasing number of students aiming for the top B-schools, both in India and abroad.

Top MBA colleges

The esteemed MBA colleges in India like IIM’s (Indian Institute of Management) employ the help of CAT exam to enlist students.

This test is now a computer-based exam which tests the quantitative, data interpretation, logical, analytical, and verbal ability of the candidates. Since 2009 many other colleges have started accepting CAT scores as the basis of admission.

The complete list of top MBA colleges along with all the related information pertaining to management studies can be obtained online.

Types of MBA programs offered

Two-year (Full Time) MBA: This is the main program offered by almost all colleges in the country. The colleges which are autonomous like the IIM’s offer a post-graduate diploma in management (PGDM) or Post-graduate Programme in Management (PGPM). According to AICTE only registered universities can provide an MBA degree. The difference between the diploma and degree is not much. While an MBA degree focusses on the theoretical aspects of business, a diploma is more industry-oriented with a focus on case-studies.

Accelerated MBA: This is like a crash course in MBA with tightly packed classes and an aim to finish the full time MBA as soon as possible.

Part-time MBA: This program is specially designed for the working professionals. The duration of this program is longer, about 3 years, as the classes are held on weekdays after working hours or over the weekend. This is a more flexible kind of program.

Executive MBA: This program is devised specifically for working professionals who generally have more than two years of work experience. It is very similar to the general MBA program but is designed to provide education to managers, executives, entrepreneurs, and other business leaders. Executive MBA is part-time. Apart from this a number of colleges offer the 1 year executive MBA program based on GMAT scores. They include ISB, IIMB EPGP, IIMA PGPX, IIMC PGPEX, and XLRI GMP to name a few.

After the completion of this program one can continue to work at their current position or look at better avenues. The ability to accept different kinds of responsibilities increases making the individual an important asset for the smooth functioning of the company.

Distance Learning MBA: These programs are attained through non-interactive broadcast video, correspondence courses by postal mail or email, live teleconference or videoconference, pre-recorded video, and offline or online computer courses. A number of universities like Symbiosis, IGNOU, Annamalai, etc. are well known for their distance learning programs.

Dual MBA: This is where a normal MBA degree is combined with another, like MS or MA.

Online MBA: Since the dawn of smartphones, 3G, tablets, and broad-band, students who are not able to enrol in a normal course can obtain the education of their choice online. Management related lectures and case-studies are uploaded, which can be readily accessed. There is no requirement of attending classes and assignments and exams are also conducted online.

Placement Opportunities

A wide variety of career options are available after having done an MBA. One can work in finance, marketing, human resources, operations, or retail. Many other possibilities are available as well.

Marketing: This particular field requires an individual to have strong convincing skills along with the ability to influence other people. These traits can be easily learnt and developed. The success behind any product lies on how it is being marketed and hence the demand for marketing professionals is very high.

A marketer has good communication and presentation skills. He is involved with selling, product designing, pricing, and advertising of a commodity. In our country FMCG companies like Johnson and Johnson, Nestle, Unilever, Pepsi, Procter and Gamble etc. are always on the lookout for experienced marketers. Also, companies like BPL, Maruti Udyog ltd., Bajaj etc. have a variety of jobs to offer.

Finance: Job opportunities after an education in finance are numerous. A challenging job profile and a lucrative salary form the crux of this specialisation. Some of the beginner profiles in finance are analysts and advisers for Credit Risk Management, Financial Research, Personal Financial Advising, Portfolio Managing, and Securities/Investments Analysis.

Government agencies like Bharat Dynamics Limited, National Thermal Power Corporation (NTPC), etc. employ financial analysts for their functioning.                             
Roles of MBA Professionals
Various Roles Played By MBA Professionals
Human Resources: An HR professional handles training, recruiting, team building, employee policy, salary, employee healthcare, increments and benefits, and many other employee oriented domains. He needs to possess good negotiation and leadership skills along with the ability to tweak operations according to employee needs. Having excellent communication skills is a mandate. Every company requires an effective human resource team; hence HR professionals can find jobs in any organisation, both public and private.

Apart from these specialisations, there are many others which are fast gaining popularity like MBA- international business, agriculture, media management, family business etc. The scope of doing an MBA in the country is very high in the year 2014.
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Mysore University Launched Online MBA, MCA, BBA Courses

Mysore University
On Thursday 4 September 2014, University of Mysore Launched online courses with the Department of Outreach and Online Programs. The university join hands with online education platform provider U18 for delivering the programs.

The U18 online education platform is one of the growing online education program in India. More than 14000 students from 132 countries already studding through the platform. Many Indian universities already using U18 online education platform to offer Degree, Diploma & Certification Courses.

The platform offers all the facilities to the students to apply and study online from any part of the world. using the platform students may attend lectures and classes online using their laptop, tablet or mobile phone with an internet connection. Students may also get the access of online library which consist of lots of eBooks of various subjects.

Using the discussion forums available online students may ask their doubts directly to experts or can seek help with their fellow students. All assessment and evaluations are also done online using the platform.

For academic year 2014-15 Mysore University launched MBA, MCom, MCA, MIFM and MSc IT post graduate degree courses, and BBM/BBA, BCA, BSc IT and BCom undergraduate degree courses, along with several diploma programs.

The program was inaugurated by R V Despande, Minister for Higher Education and Tourism. V Sreenivas Prasad, Minister for Revenue and Mysore Dist In-charge, and Pramoda Devi Wadiyar, the wife of late Srikanta Datta Narasimharaja Wadiyar were also present during the launch event.

Interested students may visit www.uni-mysore.in to know more about the programs. All the programs are priced very economically. An MBA course only cost 20000 per year whereas MCA cost 12000 per year.

This is indeed a very good initiative by Mysore University. Still there are very few universities in India which offer truly online courses. In future Mysore University has plans to expand the number of of courses. Mysore University will offer more courses in near future in other field including Arts.

The University of Mysore was established on 27th July, 1916. Since than the university gone through many phases and launched many courses in various disciplines. Currently the university is providing higher education to over 85000 students from 50 countries. The university rank A+ by NAAC.
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Distance Learning MBA In HR From Symbiosis

distance learning mba in HR from symbiosis
Symiosis is know for its distance education management courses and distance learning MBA in Human Resources (HR) is one of the most popular course offered by Symbiosis. The course is ideal for the working professionals who are working on a junior or mid level HR position in  any company and wants to take their career to the next level by pursuing a professional course in the field of Human Resource Management. People who recently graduated from any recognized university can also opt for this course to make a career in the field of Human Resources.

Human Resource Management considered to be one of the most respected field of Business Management. In last few years the business industry has witnessed a 20-25% growth in demand of talented human resource managers and the trend will be continue as per the industry gurus.

The curriculum of Symbiosis Distance Education MBA in HR helps students learn all the tactics of Human Resource Management right from the basic functions such as planning and organizing to compensation management and performance appraisals. The curriculum also includes other important topics such as accounting, economics etc which helps managers do the strategic planning based on the past data available with a company.

The major emphasis is given to the topics

  • Remuneration strategies
  • Motivation of staff
  • Analysis of conflict in organizations
  • Strategies and processes for effective resolution of conflict
The program helps students to make their career in the field of HR generalist or HR specialist in global business environment.

Eligibility Criteria

To become eligible for the program, the candidate must have a graduate degree from a recognized university.

If you're an International or SAARC students wants to take admission into Distance Learning MBA In HR From Symbiosis, you must be a graduate from a recognised/accredited University/Institution.

Students in the final year of their graduation could also apply for the program. They have to complete their graduation within the timeline specified by Symbiosis and has to submit their certificates within the specified time frame.

Duration

The duration of this specialized program in Human Resource Management is 1 year. The registration of the course is valid for 2 years.

We would like to make it clear that this is a post graduate diploma course and not a degree program.

Symbiosis also offers a 2 years post graduate diploma program which is equivalent to MBA. You can opt HR as an specialization in 2 years diploma program.

Fee Structure

The total fee of the program for Indian students is INR 21000 excluding registration fee which is INR 1000. People from Active Defence / Paramilitary / Police get rebate in fee. For Active Defence / Paramilitary / Police the fee is INR 18000 only.

For SAARC students the of the program is USD 700 and for International Students the fee of the course is USD 1400.

Registration fee of the program for SAARC and International students is as follows

SAARC: USD 75
International: USD 100

The fee can be paid in two installments through Cash/DD/Cheque.

You can refer to our previous post to know more about the fee structure.

To know more about Distance Learning MBA In HR From Symbiosis, contact any of the regional center or study center.
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LPU eConnect Bagged WES Award 2014

LPU eConnect Won WES Award
Lovely Professional University (LPU) has many great things that makes it one of the top 10 universities offer distance education courses and one of them is its online Learning Management System, “LPU e-Connect”.  It is a 24x7 online portal which brings Students, Study Centres and the University even more closer. During the recent WES award ceremony LPU won the World Education Summit Award (WES) 2014 for its online education portal i.e eConnect.

The Awards ceremony was held in New Delhi which was organised along with UNESCO,AICTE, Ministry of Labour and Employment. Hon’ble Minister Dr Najma Heptulla was also a part of this award ceremony and address the keynote session.Lovely Professional University has won this award 4th time in a row.

LPU eConnects links students and university from different geographical locations and automates various administrative and academic processes used in providing distance education courses. The portal offer all in one platform to students that they need to study online. Using the portal students can manage everything at one place and need not to visit university.

To know more about LPU eConnect, you can have a look at one of our previous article.

Lovely professional university is one of the fastest growing university in India for distance education. The university is recognized by distance education bureau. Lovely Professional University offers various courses in the field of Management, IT & CS, Arts, Commerce and Library and Information Sciences. Distance Education MBA is one of the most popular course offered by the university.

The university runs some international centers as well to promote distance education. One of the latest center was opened in Accra (Ghana).

LPU believes in providing quality education in digital rich environment at an affordable fee. The university targets working professional, house wives & people who can't join regular courses for any reason with its distance education courses.
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Career Opportunities after MBA in International Business

Career in International Business After MBA
With the introduction of FDI in retail in India and liberalization in the rules regarding foreign trade, International Business Studies have become much more relevant. All MNCs now require management graduates to have global exposure.

As globalization has caught pace, borders do not matter in business, and as a result, International Business has been introduced as a stream of MBA in the recent past. In such a scenario, it becomes imperative that sound knowledge of foreign trade, international finance, and export and import must be prevalent in the managers. All these changes in the market dynamics have made International Business an important stream of MBA.

Career opportunities

There are immense career opportunities available in International business in today’s scenario. MBA in International Business leads to lucrative careers such as Management Analyst and Administrative Service Manager. Specializing in MBA in international business serves as a gateway to global career and international exposure. As per the U.S. Bureau of Labor Statistics (BLS), median annual wage as on May 2012 included $78,600.

Several career opportunities also exist with banking sector, aviation, hospitality industry, nonprofit organizations, and government agencies. The degree program develops business competency and cultural skills to prepare students for global job market. As the students of international business receive specialized training during MBA curriculum, they are more likely to be hired in different roles and organizations requiring international exposure such as international marketing, export-import department, and logistics.
Businesses are becoming global and with the introduction of newer business methodologies like e-commerce stores, multi-national presence, and other similar practices, one can easily target global audience. With the changing scenario, the demand for professionals who understand the ethics and challenges of international businesses is also growing. International business ensures bright career as the current market scenario demands it.

The knowledge of how business works overseas is of great importance to the companies looking to operate worldwide. Students while choosing the right institute for pursuing an MBA in international business must ascertain that the college has a good reputation and will be able to give global exposure to the students. As long as the faculty does not have a global outlook, they will only be able to impart theoretical knowledge to the students, which will not be of great help.

Some colleges offering MBA in International Business:

Several MBA colleges in India offer an MBA degree in International Business. Some of them include:

1. Indian Institute of Foreign Trade: The College is one of the most revered colleges when it comes to international business. Located in Qutab Institutional Area in New Delhi, the college is specialized in the study of International business and foreign trade. The college is AICTE approved and UGC recognized. It is an autonomous college and has been ranked 21st by the QS Global 200 Business Schools in 2012 and ranked 7th by Business today 50 best B-schools in 2011. The faculty of the college is renowned and trains the students on these fronts:

  • Export and import management rules and documents related to them.
  • Management of foreign Exchange, which deals with currency conversion, currency rates, etc.
  • International finance, elaborating on raising capital from international market. 
  • Management of international logistics that deals with the distribution network and transporting goods efficiently to foreign countries. 

2. MDI, Gurgaon: Management Development Institute, Gurgaon is one of the oldest management colleges in India. The name of the course in this college is Post Graduate Programme in International Management (PGP-IM). The duration of the course is 2 years and successful completion of the course will help you get a job with hefty pay package. Top recruiters visiting the campus of the company for recruitment are Agrotech, Asian paints, Britannia, CTS, etc.  

3. K. J. Somaiya Institute of Management Studies & Research: K.J. Somaiya is ranked among the top business schools in India. The institute is NBA accredited and is also ISO 9001:2000 certified by the Bureau VERITAS Certification. The top CAT score holders prefer to study at this reputed institute, which is located in Mumbai.

Many other premier colleges offer an MBA degree in International business such as Symbiosis Institute of International business Pune, Fortune Institute of International Business, New Delhi, etc. An MBA in International business is similar to the normal MBA program with additional skills and knowledge about international business. The course teaches similar concepts like supply chain management, marketing and finance, etc., but in global context.

This is the era of globalization. Many small companies try to venture into other countries; therefore, the requirement of MBA professionals with specialization in international business is ever growing. These companies will naturally select candidates with an international business degree for global positions.    
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