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Is doing MBA after Engineering Worthwhile?

Every year, the number of engineers willing to take management courses are growing.  Either they show interest for MBA courses by analysing the current market demand or they come for it only by following their seniors blindly.  This is because the Masters in Business Administration degree increases the job prospects of students and also keeps them one step ahead. This helps them unleash both their technical as well as management skills in the organisation. The intensely-competitive Indian market is flooded with thousands of startups which require skilled professionals who are versatile and good at multi-tasking. The lucrative salary packages and high profile job roles are the main reasons why engineers prefer doing MBA after attaining technical knowledge in their engineering years. Then is salary is the only factor for which a student would like to contribute 2 valuable years of his life? Because salary can be increased with work experience too.  So before choosing MBA after engineering one should know the benefits of the course for him/her.

What is MBA?

 Master of Business Administration, is a highly valued degree designed to develop the skills required for careers in business and management. Attaining an MBA allows you to learn how to successfully manage, lead, organise and adapt in a variety of business environments. The skills learned through an MBA program prepares you with practical skills as well as theoretical knowledge that one can further one’s business aspirations with. An MBA can translate one’s raw potential into great opportunities. Most MBA programs include a core curriculum of subjects, such as accounting, economics, marketing, and operations, as well as elective courses that allow participants to follow their own personal or professional interests.  Some of the major subjects of MBA are finance, human resource management, accounting, international business, marketing etc. 

         Even though business administration and engineering are almost like the two different poles of a magnet still they are somehow needed together to survive in competition. Business administrator manages and controls the business while the engineer deals with the technical aspect s as per the requirement of the company. But if there will be no coordination among the employer and employee then how would the organisation progress and succeed?? So if an engineer have additional MBA qualification then it would be easier for him to understand the nature and style of doing business of his company. Similarly a business administrator having MBA qualification makes more favourable decisions regarding the welfare and development for a software company than an ordinary MBA. So in this way engineering and MBA has interdependence to run a successful software company.

Benefits of MBA after engineering

1. Gives knowledge about business world-

An MBA program gives engineers more exposure to business and management related aspects which are not taught in an engineering program. With the help of this qualification they gain the knowledge before entering into a job, otherwise they would have learnt it with their experience after doing job for many years. An MBA degree adds strategic & qualitative skills to students’ analytical capability, making them a perfect choice for any employer.

2. For faster promotions-

Getting faster promotions is every employee’s one of the major goals and MBA is a stepping stone for this. Having an MBA degree one can develop team leading & group management qualities which helps them when they do projects in team. Also, engineers with MBA perform better than non-MBAs.

3. For better job opportunity-

Finding a job in this cut throat competition is really very tough in today’s market. So one have to stand out of crowd in order to get a satisfactory job. And having an MBA will help a candidate to do the same in the crowd of just engineers. So, getting a good job is another benefit of doing MBA after engineering degree.

4. For the Engineers who don’t have  interest in technical field-

There are a lot of engineers who are not actually interested in computers or technology. They just got into engineering by luck or family pressure. This mistake can be overcome by opting for MBA after completing engineering. Students can save their career from ruining by going for desired field in MBA as it is open for graduates in all fields.

5. MBA for engineers who want to become entrepreneurs-

There are so many engineers who don’t want to do 9 to 5 job and start their own business. In this case only having technical knowledge is not enough. Because to do business one needs versatile knowledge. He has to deal with his team, recruit them, motivate them, and even have to think about their welfare. On the other hand he should have capacity to analyse the market demand, competitor’s tricky moves etc. so in this case MBA qualification will guide them and make then live their own dream.

6. MBA for self development-

MBA programs teaches time management, team work, calculated risk taking capacity, discipline and many more. So in order to stand out of the crowd one needs MBA along with engineering degree.    

Institutions providing MBA courses- 

There are so many reputed management and B schools which are providing developed MBA programmers exclusively for engineers. The esteemed institutions like IIMs are one of them. They provide part time MBA courses which one can continue along with his job, they provide scholarship to the good students. And also in some institutions candidates with work experience are given more weightage than the freshers.     

   


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MBA V/S PGDM (FAQS)...

1. WHAT IS THE DIFFERENCE IN THE SYLLABUS AND COURSE STRUCTURE IN MBA AND PGDM?The syllabus of MBA is rigid in nature because they require approvals from University Curriculum. So, they are changed once in 3 to 5 years or more. And in government universities theoretical aspect is given more importance.Whereas in PGDM, the course structure is flexible and Frequently Updated according to the Industry needs and job requirements so that students could get placement easily. Some reputed private B-schools also provide courses at par to the IIMs.2. WHICH PROGRAMME SHOULD I CHOOSE IF I WANT TO MAKE MY CAREER IN ACADEMICS???If you aim to be a lecturer/professor or want to pursue research in the field of management then MBA offered by Government Universities is more suitable for you. On the other hand MBA offered by top Private Universities is good for both corporate career and academics.3. WHICH COURSE IS BETTER TO MAKE CAREER IN CORPORATE WORLD? Students who want to enhance their employability skills for a better corporate career, desire to do jobs in MNCs or want to start their own enterprise, then PGDM is the best option for them. 4. CAN I PURSUE PhD AFTER PGDM?No, you cannot pursue PhD right after doing PGDM or PGPM course. Because PGDM is a diploma course and for PhD you must have A MBA degree. That's the only drawback of PGDM and PGPM.5. WHAT IS THE COURSE DURATION OF MBA AND PGDM?Both MBA and PGDM are the courses of two years duration.6. HOW IS PGDM FOR DISTANCE LEARNING?PGDM is a professional course, which teaches the practical aspects of the work through experimental learning. Which includes group activities, networking with corporates to organize events, etc.   The tight schedule for having too many courses in very short time trains students in handling pressure which is inevitable at work life. The knowledge one acquires by applying the things in practical field what he/she has learnt in books is much more helpful than only learning the theories from the books. And of course, communication skills that is cultivated only when you have people around to interact with. These essential soft skills can be built only in a full time course, and no other form of education can provide such a platform.7.  WHAT ENTRANCE EXAMS YOU SHOULD QUALIFY TO STUDY MBA?The Government colleges governed by State Governments admit thru state level examination like MAHCET, OJEE, PGCET, TANCET etc. Top private universities and Some Govt. Central Universities accept National level entrance tests like CAT/XAT or also conduct their own entrance tests.8. WHAT ENTRANCE EXAMS YOU SHOULD QUALIFY TO STUDY PGDM?Qualifying Common Admission Test (CAT) is mandatory to study in IIMs. Other B-schools select students on the basis of the scores in any of the 6 approved exams: CAT, XAT, CMAT, MAT, GMAT, ATMA.9. WHAT ARE THE PARAMETERS TO CHOOSE RIGHT B-SCHOOLS OR COLLEGES TO STUDY MBA OR PGDM?Things to be kept in mind while choosing a B-school or college are UGC recognition or affiliationRanking of the b-school Reputation of the institutionPlacement recordLegacy & Reputation of the B-schoolFee of the B-schoolStudent-faculty ratioQuality of students joining the MBA/PGDM Program

Full Time MBA V/S Part Time MBA: 7 Factors You Mus...

The Master of Business Administration is a business-focused postgraduate program which has been designed to develop the skills required to work in business and management. An MBA degree is not only confined to business world it is also useful for those who want to become entrepreneurs, pursue career in the public sector, government, private industry, and other areas. An MBA programme provides practical skill along with theoretical knowledge in a wide variety of subjects like accounting, economics, marketing, human resource management, business operations and many more. The demand of this universally accepted degree is growing rapidly along with that the pattern and curriculum of the course is also changing. Now a days you can get a MBA degree by sitting at home too!! Yes, you have read it right. Apart from full time MBA courses one can also pursue part time and online MBA courses. Students often get confused between fulltime and part time MBA courses. What are its advantages and disadvantages and which one is right for them. So before taking any decision first ask these few questions to yourself.What are your purposes of pursuing MBA? Is it for the promotion in the same industry you are working or you are a fresher and have recently completed your graduation?What are your financial responsibilities? Are you single or have kids?How much debt are you able to take on?If your mind is still wrestling between the full time and part time MBA decision, here are six factors to consider when comparing part-time and full-time programs:1. Time duration-Full time MBA programme is a course of two years duration whereas most of the part time MBA programmes are completed within 3 to 5 years. Market demand changes continuously. There is a possibility that, if a part-time MBA student has targeted a specific course for a specific purpose,which may become less appealing after 3 to 4 years, when he will complete his MBA. 2. Purpose-People opt for into full-time programs to switch careers entirely. Usually the students who have recently completed their graduation or masters and desire to continue higher study prefer full time MBA. Otherwise the students who have keen interest in business administration, management and want to make career in that only, they go for full time MBA. On the other hand the persons who are already in a job and want promotion in the same field they opt for part time MBA. Part time MBA have both the advantage of uninterrupted career and steady income.  3. Finance- Sometimes, our decision changes with the changing bank balance of our account. Pursuing MBA or PGDM from reputed institutions is really a costly affair. On the other hand some MBA aspirant have financial responsibilities and in this case they cannot afford to leave their work to pursue a graduate degree. In these instances, the part-time program is appealing, as one can continue to work while going to school. Also, the course fee is comparatively less in part time MBA than full time MBA.4. Admissions-Academic requirements for full-time MBA admission are higher than those for part-time programs. If you want to study MBA in any reputed B-school but your marks are falling short then you can opt for part time MBA. Moreover, full time MBA have one joining date for all whereas in part-time MBA students can choose from 2-3 start dates a year.5. Learning process- In full time MBA programme the students spend most of the time together. They attend classes together, together work in projects and participate in discussions and seminars. As a result they develop team spirit and leadership quality. While in part time MBA, students lack all these things. 6. Work experience- When the students continue MBA along with their jobs, they get the opportunity to apply their lessons immediately on their job. While the full time MBA students have to wait for 1 or 2 years to apply their knowledge in practical field. But now a days the experimental learning in MBA programmes has removed this disparity up to many extent.7. Campus placement-Campus recruitment is the outstanding part of fulltime MBA programme. The institutions spend a huge resources for preparing the students to face the interviews as well as attracting reputed companies for campus placement. But, some of the institutions don’t allow their part time MBA students to participate in this process.By analyzing the above factors thoroughly, you could be able to get a better understanding of which program is right for you. All the best!!

Gateway to dream institutions-CAT or NMAT??...

The two of the toughest Management exams in India- Common Admission Test (CAT) and Narsee Monjee Institute of Management Studies-Management Aptitude Test (NMAT) - both are the gateway into India’s well known Institutions. But there are many different aspects to study before opting for any one/both the exams. This article will provide you a clearer idea in details about CAT & NMAT for a strategic preparation for your higher education.CAT:Common Admission Test (CAT) is a national level Management entrance examination offering admission into IIMs and 100 other B-schools which accept CAT score. It is considered that cracking CAT exam is very hard and with the passing time CAT is getting all the more difficult. It is even harder to make your path into the 20 IIMs. NMAT:NMAT is also a national level entrance test conducted by the Graduate Management Admission Council (GMAC) every year. Over a period of last 2 years the difficulty level of NMAT has increased and is considered to be tougher than CAT. The NMAT score is accepted by 22 B-schools in India.Pros and Cons:Cracking CAT in one attempt in the market full of competition is really a tough call, but NMAT is equally tough and has its plus point of 3 attempts a year. Being held within a period of 3 months, NMAT provides a scope for the students to re-appear in the exams to improve their score in their 1st or 2nd attempt. This gives the golden opportunity to the students to schedule their own exam by selecting date, time and center as per their convenience. Both the exams are held through online mode. CAT includes both objective as well as subjective type questions, whereas in NMAT entrance only objective type questions are asked. Both CAT and NMAT don’t include the General Awareness and unlike CAT, NMAT is less calculation intensive test. Each section in CAT is conducted for an hour, but NMAT includes different and less sectional timing- Verbal Ability is of 22 minutes, Quantitative Skills is of 60 minutes and Logical Reasoning is of 38 minutes.CAT NMATNo. of attempts Once in a year 3 times in a 75 day window with an extra fee for each attemptExam Pattern Quantitative Ability- 34 ques.Verbal Ability & Reading Comprehension- 34 ques.Data Interpretation & Logical Reasoning- 32 ques.Language Skills- 32 ques.Logical Reasoning- 48 ques.Quantitative Skills- 40 ques.Marking300 marks in total3 marks for correct answer-1 for wrong attempt360 marks in total3 marks for correct answerNo negative markingTime Duration 180 minutes120 minutesTests your speed (2hrs for 120 question)Preference for choosing order of sectionNo such opportunity as it is held once in a yearYou have the chance of scheduling your own examApplication feesRs 1900 for General categoryRs 1000 for Reserved categoryRs 1900-2000 + inclusive taxIIM institutes:Institutes ProgrammesIIM Ahmedabad PGP, PGP-FABM, ePGPIIM Amritsar PGPIIM Bangalore PGP, PGPEM, PGPPMIIM Bodh Gaya PGPIIM Calcutta PGP-PGDMIIM Indore PGP (Indore, Mumbai), EPGP, PGP-HRMIIM Jammu PGPIIM Kashipur PGP, EPGPIIM Kozhikode PGPIIM Lucknow PGP, PGP-ABM, PGP-SMIIM Nagpur PGPIIM Raipur PGP, PGPWEIIM Ranchi PGDM, PGDHRMIIM Rohtak PGP, EPGP, EPGPXIIM Sambalpur PGPRGIIM Shillong PGP, PGPEXIIM Sirmaur PGPIIM Tiruchirappalli PGP, PGPBMIIM Udaipur PGPIIM Visakhapatnam PGPInstitutes accepting NMAT score:SVKM’s Narsee Monjee Institute of Management Studies, Mumbai, Bangalore, HyderabadXavier University, BhubaneswarMISB Bocconi, MumbaiICFAI Business School (IBS), Hyderabad and other locationsAlliance University, BangaloreBSE Institute LimitedAmity University, Delhi NCRThapar School of Management, ChandigarhSRM University, Chennai, Delhi NCR SonipatShiv Nadar University, Greater NoidaUniversity of Petroleum & Energy Studies (UPES), DehradunWoxsen School of Business Management, HyderabadBML Munjal University, DelhiVIT University, VelloreITM Business School, Navi MumbaiMody University, RajasthanGITAM School of International Business, VisakhapatnamHyderabad Business SchoolGITAM University, Hyderabad

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