Global Reach of an MBA
The Master of Business Administration (MBA) is a post-graduate (PG) management degree which has over the last few decades, become the best-known degrees globally, with an increasing number of people opting for this course over other PG courses. The scope for employment opportunities after an MBA has been on a rise - there has been a 14% growth in global MBA hiring in 2013, according to the 2013-14 QSTopMBA.com Jobs and Salary Trends report. We have compiled a handy chart that explains the global demand for an MBA degree as well as for MBA degree holders.
The Global Power of an MBA
Management courses have become the latest trend, now, why is that? The reason there is such a high demand for MBA is because of its global reach. Does it give us an edge over other degrees comparatively? Or is it just a trend which will sooner or later fade away like most trends? Such is its value that aspirants pay through their nose to study this expensive course, instead of opting for any other post graduate courses. Is there a pot of gold on the other side of the rainbow waiting for the aspirants, who have already invested a pot, hoping to get a bigger one? Well, as of now, and even after analyzing the past, MBA is such a degree whose demand has risen globally even during the recession. A recent survey published tells us that during recession, a large chunk of people have been opting for an MBA to reshape their lives and re-skill themselves, in turn, rethink their careers, looking at the larger picture. MBA programs offer specializations in virtually every sphere of a commercially viable organization:
- Human Resources
- Information Technology
- Supply Chain Management
How can an MBA help you?
- The Salary
The first and foremost reason to opt for an MBA career is to get a good job opportunities with a good package. An MBA graduate comparatively gets a higher package than a person with any another master's degree.
- Increase in Career Opportunities
A person holding an MBA degree certainly has some advantages over others. Due to this particular qualification, chances of bagging a high level management position increases a lot. It has been seen that 70% of MBA graduates have currently been working in reputed companies in managerial positions. A position like this brings home a higher salary, but also more responsibilities. This course helps in opening up to new arenas, and easily transition into or out of any sector in this commercial world.
- Increase in Knowledge and Development of Skills
When pursuing MBA, the students stand to gain more knowledge, take a peek into the business world, sharpen their soft skills and develop leadership qualities as well. The students get an insight into the recent market scenario, its condition, as well as the economy of the country and come across various unknown facades of the commercial world.
- Business Networking
MBA graduates must develop good networking skills because this is the major chunk of the pie that is going to help them in expanding their horizon, help them to increase their business and churn out more profit. This management course helps the students in developing their communication skills which is nothing but networking.
What is the eligibility for studying MBA?
The followings are the criteria for pursuing a full time MBA course:
a) A bachelor's degree from any recognized university
b) Some institutions have their own entrance exams
c) Some universities takes into consideration the overall academic performance of a candidate
d) There are few competitive exams like CAT, MAT, CMAT, XAT, which give you an opportunity to get admission to top management institutes in India such as the IIMs, XLRI, SP Jain, MDI, FMS etc.
Apart from the full time course, many universities offer distance learning courses. To enroll in the distance learning courses, the candidates needs to be a graduate from any recognized university.