Clear MBA – What is MBA | Why MBA | How To Get MBA

What is MBA?

MBA stands for Master of Business Administration. It is a post -graduate degree course. But there are PG diploma courses from various B-schools which are considered equivalent to MBA.

Why MBA?

MBA as a degree holds more value than many other PG courses, the reason being its direct relation with the corporate business world. The advantages of an MBA degree from a top Business School can be many. Attempting to highlight a few.

• MBA education is industry oriented and has hence direct application value in the industry as well as society.
• Overall personality improvement and make-over of the candidate.
• Faster career growth.
• Helps in switching jobs or roles.
• Lucrative package which other wise might be non-attainable.

MBA courses

MBA courses can be of different duration in different countries. In majority of  cases, MBA is a two year course, but one year MBA is not uncommon.

Different types of MBA courses

1. Full time MBA – One or Two Years full time course.
2. Part time MBA – Three to five year part time course.
3. Executive MBA – Normally a one year course for candidates with considerable prior work experience.
4. Correspondence MBA – MBA done without going a B-school, mostly self study, using materials provided by a b-school.

How to get an MBA degree?

Getting an MBA degree is not a tough task these days as there are thousands of B-schools offering different versions of MBA. But getting an MBA degree from a top B-school (top 10 or 20) in a country is not easy.

An MBA degree is often associated with the B-school from which it is taken. The ‘brand’ of the B-school matters a lot – in case of short term placements as well as on long term career perspective.

Exams to be taken for an MBA Admission in a top B-school

Top B-schools across the world asks for scores in certain aptitude tests (Example : GMAT, CAT etc.) before giving admissions. There can be other stages like group discussion, essay writing or interview too.

Major MBA exams are listed below:

• GMAT – For MBA in US
• CAT – For MBA or PGDM courses in Indian institutes like IIM.
• XAT- For MBA or PGDM in Indian institutes like XLRI.
• CMAT- For MBA or PGDM in some business schools in India.
• MAT- B-schools in India
• SNAP – B-schools like Symbiosis Institutes
• IIFT -Indian Institute of Foreign Trade.

MBA coaching : What to study?

Preparation requirements for each of the exams vary, but almost all of them have common topics.

The main areas include:

1. Quantitative Ability.
2. Data Interpretation.
3. Verbal Ability.
4. Reasoning.

Books needed to Crack MBA exam?

Clearing an MBA entrance exam requires regular practice of questions in a time-bound atmosphere. Links about the important books needed for MBA preparation is given in this website.

After Securing an MBA admission

Once you secure your admission in a top B-school after test and interview, the real MBA program starts.  The program is designed to be on the tougher side to equip candidates to become future managers, but it is definitely an enjoyable learning experience for all.

All the best in your MBA exams and your MBA program! This is an investment you take up for your life.