Tuesday, April 5, 2016

Why MBA?

That is the first question every aspirant has to answer his Parents, Peers, Colleagues, Mentors Interviewers and most importantly oneself. MBA is one of the most sought after careers in India and has 23 entrance exams and hundreds of Test preparation centres for the same.

There are 19 Indian Institutes of Management (IIMs) which offer Post-Graduate Diploma in Management. These autonomous bodies are independent and therefore have their own system of selection of students into their Institutes.

Once these Tier I colleges are covered, other premium institutes like TAPMI, Symbiosis, Great Lakes, IRMA etc. are considered Tier II.

With the evolution of Job roles per se, MBA is opted by students from all fields of education be it Engineering, Medicine and Pharma, Commerce, Law etc.

MBA needs a great deal of general awareness, presence of mind and analytical skills. The kind of exposure one gets through studying Management as a course, not only prepares the person for a manager’s role, but also teaches Management for life.


Competitive exams:

The major exams considered by the premier institutes for selection of Candidates are:

  1. CAT – by IIMs
  2. XAT- by XLRI
  3. NMAT – by NMIMS
  4. SNAP – by Symbiosis
  5. IIFT – by IIFT 
  6. TISS – Tata Institute of Social Sciences
  7. MICA – by Mudra Institute of Communication and Advertising
  8. IRMA 
  9. MHCET
  10. CMAT
  11. ATMA
  12. IBSAT
  13. JMET
  14. MAT


Preparation:
Based on the skill set and competency of the aspirants, they can choose prepare for the exams on their own. However, if an aspirant needs to know where he stands in competition to other aspirants, it is always better to join a coaching center.

This would not only help him/her gain knowledge through classroom sessions, but also be able to rank himself in competition with others through mock test results.


Applying for Exams:
The application dates for each of these exams are varied, as they range from September to December. It is required that one is always on a look out for the dates. However, there is a decent period in between to apply. The fees range from Rs.1500 for CAT to Rs.3500 for XAT and TISS.
Another thing that students must be cautious while applying is the ranking of the college as related to their preferences. A student interested in core Finance would never be happy getting a seat in XLRI, as it is more HR centric. In the same way, a person looking for a career in HR would not be interested in applying for IIFT Delhi if he/she is an HR or Marketing Enthusiast.

These intricacies must be taken into consideration without fail as they not only might involve the risk of landing you in an unwanted place, but also deny another worthy colleague the opportunity to achieve his own goal.



Selection Procedure:
Once the exam is done and dusted, the next challenge ahead is the selection Procedure. Most B-Schools follow the similar procedures of WAT (Written Aptitude Test), GD (Group Discussion) and Personal Interviews.

Though the general norm is that the Panel looks at the overall profile of a Candidate, having these processes done smoothly would induce confidence in the candidate.

Guidelines for WAT:
1.      Structure the framework for your topic into Introduction, Body and Conclusion.
2.       In Body again use different paragraphs for different stances that you take.
For Example: If there is a discussion where you are listing out positives and negatives, make sure they are in different paragraphs.
A structured essay projects to the panel that you have clarity in thought and analyze situations carefully. Also, it would be inferred that you think before expressing. This would be a major benefit in shortlisting for the next round.



Guidelines for GD:

1. Do NOT be aggressive. As much as it is important to be speaking in a GD, it is also important that you do not come off as a person who just wants to make his own point irrespective of what the other person feels or thinks. This perception of insensitivity may gain you only negative points.
2. Be your own Moderator: Make a decent and relevant opening statement, Keep your own time, Be polite while being firm on your stance.
3. Do NOT point out or cut somebody when speaking, it is regarded impolite and unprofessional

Campus Life:

Once all these hurdles are crossed, you find your letter of Admission in hand. MBA in most cases a two year programme, reforms a person to a large extent. It teaches not only business fundas in classrooms, but also real life management lessons. One is exposed to various types of people, makes friends for a lifetime and also realizes that these friends are also cut-throat competitors.

One learns to change their attitude towards life and behavioral habits also change due to the pressures and expectations from the rigorous schedules. Such changes, while gulping up your fast paced life, also give some chances to pause for introspection.

MBA might be Masters in Business Administration as a degree, but in real-time, it could be called Managing ones Behavior and Attitude.

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