Whether you are planning to go for an MBA Degree from India or abroad, the choices available for MBA Programs make the process tedious and overwhelming. So, to help you out we are here to guide you about What is MBA, How long does it take to get an MBA, MBA Degree Requirements, Benefits of MBA Degree, After MBA Degree Jobs and MBA Degree Salary etc. It’s a complete guide which will help you to choose the best and make your life a little easy.
What is MBA?
We all know that an MBA gets a master’s degree in business administration. The MBA degree was introduced in the late 19th century in the USA when it started it journey towards high-level industrialization. This was the time when companies first started to feel the need of having scientific approaches to management. Over the years, the MBA program has gained momentum across the world. In today’s time, it is indeed a proud moment for a person to achieve an MBA degree and it also opens a wide range of opportunities in front of its takers. Every year lakhs of students struggle to get through the B-Schools and earn their MBA degrees.
The MBA program is designed to educate and train students in different fields like human resource, marketing, strategy, finances, and operations management. The program is designed to develop your wholesome personality. An MBA class consists of students from different backgrounds and are quite diverse. So, it helps the students to learn about the other cultures and their perspectives. The networking among the students is another benefit.
How long does it take to get an MBA?
Traditionally, the duration of an MBA program is two years in the USA and India as well. However, one-year MBA Programs by European universities is also gaining popularity.
MBA Degree Requirements
Most of the B-Schools base their admission decisions on a combination of various parameters such as undergraduate GPA, academic transcripts, entrance exam scores, a statement of purpose, essays, a resume giving all details about significant work experience, letters of recommendation, and personal interviews. Some B-Schools also give extra weightage to the extracurricular activities, community service activities or any volunteer work. They are interested in the students who can bring change to the community.
The most acceptable entrance exam is Graduate Management Admission Test (GMAT). These days many B-Schools have also started accepting Graduate Record Examination (GRE). In order to bring diversity to the class, some schools also consider male: female student ratio, local: international student ratio.
Most of the top-rated B-Schools require 5 or more years of work experience.
Benefits of MBA Degree
Now, we know what is MBA and what are the requirements to get an MBA. The next part is, what are the benefits of pursuing an MBA degree, which are listed below:
- Higher employment rates.
- Transferable skill sets gained.
- Specialized degree and knowledge earned.
- Networking opportunities.
- Wholesome personality development.
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