INTRODUCTION
Master of Business Administration is one of the most popular degrees of the decade. Almost every student dreams of having this degree and fulfilling their business dream. MBA is a postgraduate degree that provides students with knowledge about various business factors. The most popular areas are accounting applied statistics human resources business communication business ethics business law strategic management business strategy finance managerial economics management entrepreneurship marketing supply chain management and operations management. Indian openly makes you learn about business but also helps you to home the leadership skills needed to run a big company. The course teaches the students not just holistic overall studies but also helps them students develop an understanding of how business strategy works how it thrives and how to overcome hard challenges. You can help the students gain insights into the business world how the big constitution works and how it operates very perfectly MBA makes you learn communication skills and lets you connect with top industrial experts who will mentor you for your future. MBA also has students get a higher salary in India and abroad. MBA can be a catalyst to transform your career and make you a competent and confident person to start your entrepreneurship journey or make your own business thrive. Students must commit to the to learn the most of it and gain the best knowledge ever. Ma programs and different in different countries some countries provide full-time courses and part-time courses as well as distance courses. Most of the countries have two-year MBA courses with a year of internship.
ENTRANCE EXAMS
An MBA degree is a catalyst to open new doors and opportunities, but first One has to crack the entrance exams to secure the MBA seat. Here are some MBA entrance exams in India and abroad.
National Level exams in India
CAT (common admission test): this exam is conducted by IIM, and 2 lakh students appear for the exam every year. The subjects in the exam are quantitative ability, verbal ability, data interpretation, logical reasoning, and reading comprehension skills.
XAT (Xavier aptitude test): the test is conducted by XLRI Jamshedpur, it is a prestigious exam that is accepted by top B-schools in India. Subjects in the exam are verbal and reading comprehension, data interpretation, logical reasoning, and decision-making.
CMAT (common management admission test): AICTE conducts the exam. It is a computer-based exam on quantitative techniques, language comprehension, and general awareness, etc.
MAT (management aptitude test): this exam is conducted by AIMA, and takes place several times a year so students can take the exam as per their flexibility. Verbal And reading comprehension, data analysis and reasoning mathematical skills, and general management aptitude are the subjects of the exam.
International MBA exams
GMAT( graduate management admission test):
The exam is the most widely accepted MBA entrance exam worldwide. The exam Is conducted by GMAC. In this exam, the subjects are verbal reasoning, quantitative reasoning, integrated reasoning, and analytical writing assessment.
GRE (graduate record examinations):
The exam is not specifically for MBA but it is accepted in the schools for programs like finance and marketing. Subjects in this exam are verbal reasoning, quantitative reasoning, analytical writing, and optional subject tests.
First of all, choosing where a student is going to study is important before choosing the entrance exam to appear for. The process of preparing for the entrance exam can be overwhelming so students must choose carefully what they are going for, they must Check the dates of the exams and the syllabus to know in depth how the whole entrance exam process works. With consistency and motivation, students can ace these entrance exams and go forward toward their goals.
ELIGIBILITY FOR MBA
Here is the eligibility for MBA:
- For being eligible to appear for the entrance exams students must have completed their bachelor’s degree.
- Students must have acquired 50% marks in their bachelor’s degree.
- In some cases students need to have work experience.
- There is no age limit for appearing in the exam.
- For CAT, XAT, CMAT, and MAT exams students must have a bachelor’s degree with 50% marks, and no work experience is required.
- Though for GMAT exam students need to have work experience along with a bachelor’s degree.
JOB OPPORTUNITIES IN MBA
Here are some ideas about the job opportunities one can have after completing an MBA degree:
- After Completing an MBA one can go to many job sectors like business analyst, product manager, management consulting, HR manager, sales manager, marketing manager, operations manager, etc.
- These high-paying Jobs open many doors for advanced career perspectives for them in the future.
- In a business analyst job one can get paid up to 9.5 LPA, where they have to analyze the business, understand and document the business process.
- In a Product manager job one can get paid up to 24.7 LPA, they have to develop a product strategy and manage the success of the product in the market.
- In a management consulting job one can get paid up to 7 LPA for providing advice to an organization for improving sales, solving problems, and achieving their goals.
- In a HR manager job one can get paid up to 12 LPA while working in the human resource department of any institute and overseeing the human resource organization.
- In a marketing manager job one can get paid up to 12.5 LPA for planning and promoting companies' products, analyzing the sales and services of a brand.
Tips To Crack Competitve Exams
With all the pressure while preparing for exams, here are some systematic tips to crack your competitve exams –
- Begin by thoroughly understanding the exam pattern, including the number of sections, types of questions, marking scheme, and time duration. This will help you strategize your preparation effectively.
- Develop a comprehensive study plan that covers all the topics included in the syllabus. Allocate specific time slots for each subject or topic, ensuring balanced coverage.
- Set achievable goals for each study session and the overall preparation period. Break down your goals into smaller milestones to track your progress effectively.
- Identify the topics or sections that carry more weight or that you find more challenging. Allocate more time and effort to these areas while ensuring you cover all topics adequately.
- Collect high-quality study material such as textbooks, reference books, online resources, and previous years' question papers. Ensure the material is reliable and covers the entire syllabus.
- Practice is key to success in any competitive exam. Solve sample papers, practice questions, and mock tests regularly to improve your speed, accuracy, and problem-solving skills.
- Regular revision is crucial to retain information and reinforce learning. Schedule dedicated time for revision sessions to go over previously covered material and ensure better retention.
- Develop effective time management skills to complete the exam within the stipulated time frame. Practice time-bound mock tests to improve your speed and efficiency in answering questions.
- Keep yourself updated with current affairs, the latest developments, and relevant news related to your exam. Stay informed about any changes in the exam pattern or syllabus.
- Stay motivated and maintain a positive attitude throughout your preparation. Setbacks and challenges are inevitable, but perseverance and determination will help you overcome them.
- Don't hesitate to seek clarification or assistance from teachers, mentors, or peers whenever you encounter difficulties or have doubts. Clearing your doubts promptly will prevent misunderstandings from snowballing into larger problems.
- After taking mock tests, analyze your performance critically to identify strengths and weaknesses. Focus on improving weaker areas while maintaining proficiency in strong ones.
- While practising mock tests, simulate exam conditions as closely as possible. Sit in a quiet environment, adhere to time limits, and avoid distractions to replicate the real exam experience.
- Learn from your mistakes and setbacks during practice sessions. Analyze the root causes of errors and take corrective measures to avoid repeating them in future exams.
- Finally, believe in yourself and your abilities. Maintain confidence in your preparation and stay focused on achieving your goals. With dedication, perseverance, and strategic preparation, you can crack any competitive exam successfully.