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Diploma In Leather Technology
Introduction
One of the most popular post-graduate programs in India and worldwide is the Master of Business Administration or MBA. The two-year management curriculum opens the door to a variety of corporate job prospects. Over the previous two decades, the MBA program has grown in importance in India. There are several fields in which you can pursue MBA. Some of its fields are marketing, finance, sales, HRM, Telecom, operations, and many more. In this article, we will talk about two main fields i.e. marketing and finance.
MBA Finance is a post-graduate degree that focuses on managing a company’s accounts and money to achieve specific financial objectives. MBA Finance provides knowledge about budgeting, finance, and analytics. It provides job opportunities in banking and financial organizations.
MBA Marketing is also a 2-year post-graduate program. It focuses on improving students’ understanding of consumer behavior, market behavior, advertising, managerial communication, marketing research, and customer relationship management, among other topics. It improves the marketing and advertising skills of an individual.
Requirements
The basic requirements are the same for the courses. You should possess a Bachelor’s degree in a relevant field. You should pass with at least 50% marks from an accredited university. After that, you need to pass the entrance exam conducted by different bodies in India. You should enroll for the exam based on the college to which you want admission. These are basic requirements to take admission to an MBA college and become an MBA graduate. You should also possess some special skill set to ace your graduation and get more career opportunities.
Skillset for MBA Finance
The following are some special requirements for an MBA finance graduate
- Communication Skills: Communication skills are the ability to communicate effectively with a wide range of individuals using proper language.
- Leadership Skills: Leaders can communicate with their team members informally or formally, urge them to work hard, and manage the responsibilities that have been assigned to them, as well as listen to feedback.
- Interpersonal Skills: Interpersonal skills are utilized daily to communicate and engage legally with others.
- Organizational Skills: Aspirants must stay focused on various activities and make efficient use of their time, mindset, energy, strength, mental capacity, and physical strength
IT skills for MBA Finance
- MS Excel- The graduate should have basic knowledge about excel and its formulas. This will helps them to solve financial problems easily.
- SQL- This is also a basic IT skill for an MBA finance graduate. It will help them to pull data from databases easily.
- VBA- VBA allows users to customize their Microsoft Office products beyond what is generally available in Excel, Word, and PowerPoint. To construct a macro, a user inserts commands into an editing module.
- Tableau- This is another famous tool nowadays used by financial organizations. They bring data together, analyze and report it quickly, and securely exchange the data that drives corporate strategy.
Skillset for MBA Marketing
The following are some special requirements for an MBA marketing graduate
- Personality traits - Interpersonal skills are critical for anyone in a leadership position who wants to inspire others and make a difference in their lives.
- Thinking in terms of strategy - To look outside the box and move from a functional role to one with a "bigger picture" perspective.
- Entrepreneurial capabilities - This competence will be able to identify a market gap and determine whether it is worth filling with creativity and technical knowledge for the organization's dynamic growth.
- Communication abilities- Able to coordinate communication at all levels.
IT skills for MBA Marketing
- MS Excel- Basic Excel abilities are required, which you should have acquired during your MBA. Learn Vlookup, sum, pivot, and conditional functions to deal with massive amounts of data (If, if not, equal to, greater than, etc).
- SWOT analysis- SWOT analysis is a strategic planning technique for identifying strengths, weaknesses, opportunities, and threats concerning corporate competitiveness or project planning.
Eligibility
Eligibility criteria are the same for all the MBA Courses. You need to qualify for this criterion to join MBA Program in any college.
| Graduation | Entrance Exam |
|---|---|
| Must possess a bachelor’s degree | Need to qualify for the entrance exam. |
| Minimum marks- 50% for general | 45% for SC/ST/PWD | Minimum marks depend on the exam you appear for. |
| Degree from an accredited college | Exam of any national, state or university level |
- First of all, you need a Bachelor’s degree in any relevant field. You need a minimum of 50 percent and above percentage from a recognized or accredited university.
- Students from SC/ ST/ PWD backgrounds are given a 5% discount.
- After qualifying minimum percentage, you need to qualify for the National and State or university level entrance exams. You need to pass at least the minimum criteria for getting admission to an MBA college.
- There is no age limit to pursue MBA. You just need to qualify for both the above criteria. It is open to people of any age who has completed both these criteria.
- Candidates in their final year are also allowed to apply for the course, however, their acceptance will be dependent on their final results.
Admission Process
To get admission to an MBA course, you need to follow its admission process. Most universities conduct entrance exams and some give admission based on past graduation records. After qualifying for the entrance exam, you need to qualify for interviews and group discussions round as well. This process varies from university to university. The common admission process is as follows-
1. Apply for entrance exams
First of all, you need to choose the college and check their admission criteria. Then, you need to apply for the entrance exam they conduct. Most colleges give admission on basis of CAT and MAT exams. We will discuss entrance exams in detail in the further article.
2. Appear for the entrance exam
Now, you candidate have to prepare and sit for the entrance exam. Based on their entrance exam marks, they will get admission to the college.
3. Shortlisting Process
Colleges select students based on their performance on entrance tests. The college will create a cut-off list, and you must have met the cut-off to proceed to the next round of the admissions process.
4. Final Admission Round
Colleges use Group Discussion (GD), Written Ability Test (WAT), and Personal Interview (PI) to further assess a candidate's ability and skills.
Entrance Exam
To get admission to an MBA course, you need to follow its admission process. Most universities conduct entrance exams and some give admission based on past graduation records. After qualifying for the entrance exam, you need to qualify for interviews and group discussions round as well. This process varies from university to university. The common admission process is as follows-
Exam Name | Full-Form | Conducting Body | Duration | Number of questions |
CAT | Common admission test | Indian Institutes of Management (IIM) | 2 hours | 100 questions |
MAT | Management Aptitude test | All India Management Association (AIMA) | 2 hours 30 minutes | 200 |
ATMA | AIMS Test for Management Admissions | Association of Indian Management Schools (AIMS) | 3 hours | 180 |
CMAT | Common Management Admission Test | National Testing Agency | 3 hours | 125 |
SNAP | Symbiosis National Aptitude Test | Symbiosis International University | 1 hour | 60 |
Exam name | State conducting | Full-form | Duration | No. of questions |
MAH-CET | Maharashtra | Maharashtra Common Entrance Test | 2 hours 30 minutes | 200 questions |
OJEE MBA | Odisha | Odisha Joint Entrance Exam | 2 hours | 120 questions |
KMAT | Karnataka | Karnataka Management Aptitude Test | 2 hours | 120 questions |
APICET | Andhra Pradesh | Andhra Pradesh Integrated Common Entrance Test | 2 hours 30 minutes | 200 questions |
TSICET | Telangana | Telangana State Integrated Common Entrance Test | 2 hours 30 minutes | 200 questions |
TANCET | Tamil Nadu | Tamil Nadu Common entrance exam test | 2 hours | 100 questions |
Exam name | Full-form | Conducting body | Duration | Number of questions- |
IBSAT | ICFAI Business School Aptitude Test | ICAFAI Foundation for Higher Education | 2 hours | 140 |
IIFT | Indian Institue of Foreign Trade | NTA | 2 hours | 110 |
IRMASAT | IRMA Social Awareness Test | Institute of Rural Management Anand | 1 hour 20 minutes | 40 |
TISSNET | Tata Institue of Social Sciene National Entrance Test | Tata Institue of Social Science | 1 hour 40 minutes | 100 |
Job Role
| Job Role | Job Description |
|---|---|
| Marketing Manager | Tracking and analyzing the efficacy of advertising campaigns, managing the marketing budget, and ensuring that all marketing material is consistent with our brand identity are all tasks of the marketing manager. |
| Product Manager | Identifying viable products, doing market research, establishing product needs, determining specifications, production timelines, and developing marketing strategies are all part of the product development process. |
| Asset Management | The person is in charge of determining asset purchase feasibility and submitting reports to top management or the board of directors. |
| Brand Manager | To maintain/enhance their brand identity in the marketplace, the brand manager regularly examines marketing trends and tracks competitive items |
| Head Of Digital Marketing | The head of digital marketing is in charge of the overall digital marketing strategy's planning, development, implementation, and management. |
| Market Research Analyst | They do research and collect statistical data to assist a firm in marketing its products or services more effectively. |
| Sales Manager | The major role is to properly manage the sales staff to accomplish growth and meet sales targets. It also entails developing and implementing a strategic sales plan to extend the company's customer base. |
Job Role after MBA Finance
| Job Role | Job Description |
|---|---|
| Asset Management | The primary responsibility for analyzing the viability of asset purchase and submitting supporting reports to the organization's higher management or board of directors. |
| Credit Risk Management | The formulation and execution of policies and processes to decrease credit risk, as well as the preparation of performance reports, will be the main tasks. Management and analysis of financial models to estimate the organization's credit risk exposure. |
| Corporate Finance | Identifying and securing privatization, acquisition, and merger transactions, investing big sums of money, and buying and selling financial products for their clients is their role. |
| Hedge Fund Management | Assisting with hedge fund investment management. Candidates are expected to determine investment objectives and liquidity provisions and notify employers/clients about them. |
| Private Equity | Working with investment banks, mergers, and acquisitions, and equities divisions of a corporation is the major role. |
| Corporate Banking | Candidates will be responsible for discussing financial requirements with the business and personal customers, as well as counseling consumers on financial concerns. |
| Treasury | The treasurer is in charge of the company's financial activities, including corporate liquidity, risk management, and investments. |
Top Colleges
| College Name | Location |
|---|---|
| Indian Institute of Management (IIM) | Different locations in India |
| Faculty of Management Studies, DU (FMS) | Delhi |
| Xavier Labour Relations Institute (XLRI) | Jamshedpur |
| Symbiosis Institute Of Business Management | Pune |
| Indian Institute of Foreign Trade (IIFT) | Delhi |
| NMIMS School of Business Management | Mumbai |
| Management Development Institute (MDI) | Gurgaon |
| Xavier University Bhubaneswar (XUB) | Bhubaneshwar |
| T.A. Pai Management Institute (TAPMI) | Manipal |
| S.P. Jain Institute of Management and Research (SPJIMR) | Mumbai |
Top colleges in India
| Marketing | Finance |
|---|---|
| P&G | Goldman Sachs |
| McKinsey | |
| JP Morgan | KPMG |
| Brain & Co. | |
| Citigroup | Barclays |
| Morgan Stanley | Deloitte |
| Microsoft | Morgan Stanley |
| Apple | Deutsche banks |
| Amazon | Lehman brothers |
| Pepsico | Private banks |
Scholarships
Many institutions offer scholarships to students based on their grades in high school or their achievement on the Entrance Exam. State governments and private universities give scholarships based on 12th-grade grades of distinction. They will provide scholarships based on the results of an entrance exam if it is offered.
The government offers a variety of scholarship choices through several programs, including the Prime Minister Special Scholarship Scheme. In India, scholarships are awarded based on caste and minority group membership.
Internships for MBA students
As an MBA graduate, you need to join internships for better career opportunities. You can go for paid as well as unpaid internships. Make sure to do internships from a reputed and esteemed company. The importance of doing an MBA internship are as follows- MBA Internships provide students with essential expertise and help them prepare for the specialized electives that await them.
- MBA Internships provide students with essential expertise and help them prepare for the specialized electives that await them.
- An internship is a fantastic opportunity to get significant experience for any new candidate searching for their first career.
- An internship gives exceptional students valuable experience, allowing them to learn about problems and, more importantly, how to solve them.
Advantages and Disadvantages
Advantages
- An MBA program is a wonderful way to enhance your personality. An MBA program will force you to extend your boundaries.
- People with an MBA have an instant competitive advantage over those without a degree. When it comes to job applications, an MBA is a great method to stand out from the crowd.
- Networking might be assisted by a Master's degree in business administration. Students can form networks with other students while they pursue their degrees.
- An MBA is the most prestigious and difficult business Master's degree available. Its imprint on a CV provides quick global identification.
Disadvantages
- Because of the relatively high expenditures of an MBA, it is not a decision to be made lightly.
- Some critics argue that an MBA is an overly general degree. You may not have adequate skills or knowledge for occupations that require a deeper understanding unless you seek a concentration in a certain field.
- As a result of the market's forced price inflation, people are struggling to find ways to supplement their income.
