In a world brimming with multiple options for higher studies, MBA continues to hold firm ground in the eyes of a majority of employers. The mention of an MBA in your resume even today elevates the chances of securing a higher designation job.
Does this mean that everyone should compulsorily do an MBA? Not really. Whether to pursue an MBA or not depends on the kind of career field you want to choose for yourself. If you intend on joining a company and working closely with its finance, economics and management, an MBA degree will prove to be beneficial.
What does an MBA entail?
The most popular degree in the world, an MBA or a Master’s in Business Administration is a graduate degree that seeks to educate you with business and leadership skills. It aims to offer you business knowledge like no other educational qualification. An MBA provides a holistic understanding knowledge about the factors that concern business operations like finance, management, leadership, accounting, strategising, analytics, communication, entrepreneurship, business ethics and marketing.
There are different types of MBA programs to suit your convenience and specific needs. Some of the most common ones are:
Full-Time MBA: This program is designed for those young students who freshly graduate with their bachelor’s degree and wish to devote full attention to their MBA studies. A full-time MBA however, might not allow time for students to gain any work or hands-on experience.
Part-Time MBA: This program is designed to help students do both, study as well as work and earn. The schedule of classes under this format of the program is also designed differently. The classes for part-time MBA takes place either in the evenings or during the weekends, or in some other order.
Online MBA: As the name goes, an online MBA lets you to pursue the degree from your home as well as gain work experience. It is the most convenient form of MBA program due to its flexibility.
Executive MBA: This program is designed for those executive-level professionals who hold over 10 years of working experience. An executive MBA aims to bring together experienced professionals to upskill and educate them about the upcoming and recent business trends and skill requirements.
Advantages of studying MBA
- Your employment prospect shoots high with an MBA although it doesn’t necessarily guarantee a job.
- Sharpens management skills professionally
- Equips you with the skills and qualities of an entrepreneur
- Provides knowledge to start with your own startup
- High salary
Jobs you can apply for with an MBA degree
MBA is pretty much a widely accepted degree for almost all kinds of corporate jobs. Nevertheless, pursuing an MBA is ideal for those who wish to work as:
- Marketing Manager
- HR Manager
- IT Manager
- Financial Advisor
- Management Consultant
- Business Operation Manager
Although the ones mentioned above are the most common jobs MBA graduates take up, there is a whole platter of job options open for someone with an MBA degree.
Top colleges and institutes for MBA
- Harvard University (USA)
- Stanford University (USA)
- University of Pennsylvania (USA)
- INSEAD (France)
- IE BUSINESS SCHOOL (Spain)
- London Business School (UK)
- Columbia University (USA)
- MIT (USA)
- Yale University (USA)
- Northwestern University (USA)
- IIM Ahmedabad
- IIM Calcutta
- Indian School of Business
If you wish to check out more such top MBA institutes in Indian as well as in the world, click here.