Origin Of MBA!!, Why to choose MBA?? and
Types of
courses in MBA
Origin of MBA:
MBA, an
acronym for Master of Business Administration, as implied by its name is a
master’s degree in business administration that happens to be valued and
adopted by all across the globe. The United States can be accredited for its
origin in the nineteenth century, in the current date, various MBA courses are
opted by the graduates to attain precision and expertise in the fields such as
finance, accounting, operations management, marketing, human
resources, strategy, organizational behavior, project management etc…
The Tuck school of business in the States, working under the Dartmouth
College became first institute to offer an advanced degree in sector of
commercial sciences, however the Graduate School of Business Administration at
Harvard was the first business school to provide a provide a
modern MBA to a batch of 80 students. While in the year 1953, IISWBM (the Indian Institute of Social Welfare
and Business Management) became the first Indian institute to
start up MBA program in the country, including the IIMs and XLRI amongst other
older institutes. The top most MBA institutes all around the world are, London
Business School, Harvard Business School, Wharton Business School at University
of Pennsylvania, Stanford Graduate School of Business, MIT Sloan, Columbia
Business School, IE Business School in Spain, IIM Ahmedabad and many other.
While the finest MBA institutes in India are, apart from IIM Ahmedabad include
IBS Hyderabad, IIM Bangalore, FMS at Delhi University, IIM Kolkata, XLRI
Jamshedpur, IMT Ghaziabad, IIFT New Delhi etc…
Why to choose MBA??
The
simplest answer to the question saying, why to choose MBA is supported by the
fact that it adds you on with an access to a huge business network, it is
regarded as the most coveted post-graduate degrees, in today’s business world.
Moreover, it is now being counted as one of the obvious features of the
executive professionals. Experts believe that
the MBA degree, is now accountedas a
recognized brand that elaborates management and leadership training. It brushes one’s skills in finance,
communication, marketing, economics, and management.
Types of courses in MBA:
According to the modern day need of the world
this study of business science, has evolved and developed into many forms,
types and with many specifications. There can be MBAs of various types like
·
FULL TIME MBA (2-YEAR COURSE):
It usually lasts for two academic
years, that is covers a period of approximately 18 months. Students acquire a detailed
knowledge of the corporate techniques, trends and methodologies. At many of the
renown Universities highly successful business personalities and professionals
deliver lectures to the student, endowing the students with their real time
knowledge and work experience. Real-life case analysis and studies are a key
feature of the MBA course structure.
·
ACCELERATED MBA:
This program is an intensified form of
the actual MBA, involves higher course stress and hence severe examinations.
Another difference in the pattern is that the students of accelerated MBA do
not enjoy a regular 3-4 month holiday like the regular students, rather they
only enjoy a summer or winter semester break of 2-3 weeks.
·
PART-TIME MBA:
This course is developed keeping in
mind the schedule of the working people, hence normally holds classes in the
weekday evenings or in the non-working hours of the professionals, it might
also comprise of a weekend program. This course lasts an year longer than the
regular MBA program (for a period of 3 years).
·
EXECUTIVE MBA (E-MBA):
This program is an optimum assort for
the professionals who seem to have acquired a really longer work experience,
might be around 10 or more years. Usually, the candidates head from various
government or non-government firms. The candidates can earn an MBA degree in a
period much less than 2 years working regularly meanwhile.
Other forms
of MBA include Distance learning Program (very similar to any other distance
learning programs), Dual Degree MBA (MBA combined with another degree) and Mini
MBA.
The
admissions in various international business schools takes place through GRE
(Graduate Record Examinations), or GMAT (Graduate Management Aptitude Test) testing
procedures (they mostly test a candidates aptitude, mathematical skills and
problem solving capability ), the students need to score beyond the decided
cut-off marks. Some institutes also take interest in the student’s extra-curricular
background for the admission, while some institutes do not observe the GMAT
score of the student as a significant parameter for admission. While in the
Indian Business School the admission takes place through CAT (Common Aptitude
Test) or MAT (Management Aptitude Test), with a specific cut off score.
