Tuesday, November 27, 2018

MBA: The Pole Star for Managerial Hopefuls

Alongside fast and progressive strides in the field of science and technology, the latter half of 20th Century also harbingered a new dawn in academics with a crystal clear bearing on commerce and industry. Special emphasis was laid on Masters in Business Administration (MBA) program to acquaint students with various areas of business like finance, accounting, HR, etc.  Globally famed Harvard University is regarded as the educational institution that graphed and initiated the curriculum for this well-cherished course.

Consequently, the reputation of MBA as a specialized certification that prepared participants for senior management roles in business spread all across the world. And today, this degree is viewed in the corporate sector as the Pole Star for managers of each and every stream and India has been no exception to it. Initially, the Indian Institute of Management was set up at Calcutta (IIM-C) in 1961 and over the last 53 glorious years, it has blossomed into one of the leading management schools in South Asia and the Asia-Pacific region. Soon another top level management institute came up at Ahmedabad and two more in Bangalore and Haryana followed suit.

Over the past 25 years, this network of IIMs has further spread nationwide while scores of universities and even private institutions have come forth in offering regular and correspondence courses in MBA. In fact, aspiration among the students for an MBA scroll has reached an all-time high owing to the glorious opportunity this degree presents for a challenging and rewarding career.

An MBA degree from well-established management colleges in Haryana and other top level B-schools in the country carry enormous weightage with leading industries and business houses in the country. 

Apart from the name and fame, syllabus, faculty, campus and allied facilities, there are other yardsticks to identify ideal colleges. These are the annual survey for ratings conducted by leading consultants, on-the-campus talent hunts and recruitment for management trainees in various streams like HR, Marketing, Finance, Materials, Production etc. conducted by various corporate bodies.

To begin with every year, numerous entrance examinations like the GMAT, CAT and MAT are conducted for the aspirants. These tests reiterate as to how important and also tough it is to secure admissions for the suitable courses in right colleges. The institution from where the MBA is obtained matters the most vis-à-vis carving out a lucrative career. With the advent of internet and its mass applications on every front, the quality level of MBA colleges in India can be easily accessed.

The management institutes in Haryana and in other cities of India that offer the MBA and allied courses have highlighted a good number of vital facts on their respective websites. This information pertains to teaching methodology, research infrastructure including completed and on-going projects and global tie-ups among others.

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