Around 3.5 lakh students graduate from B-schools every year. This includes and atrociously large numbers of engineers and scientists. Today, it almost seems as though MBA has become a compulsion after graduation. It seems just another name for a master’s degree, which is supposed to leave you with an excellent package at a renowned company in an eminent position. However, with thousands of students choosing the same career path, how is a student meant to identify whether an MBA is a suitable choice for him? Whether they’re going to stand out or drown in a sea of fresh MBA graduates?
In order to break this down, let us begin with what it means to hold a degree in Master of Business Administration. MBA is a post-graduation degree that usually ends up being a two-year-long course. However, it could range between 2-5 years, depending upon the program chosen. An MBA gives a strong foothold on management and people skills and also ends up building strong partnerships and connections. An MBA paves the path for future entrepreneurs by giving them the right direction.
Apart from being a born leader, if a student happens to have an interest in fields like Marketing, Accounting, Economics and Advertising, there really isn’t much to contemplate because a top-ranking Business school is beckoning you to enroll in a PGP course.
The versatility of an MBA is that it is not limited to what subject you have taken up as an undergraduate. It doesn’t discriminate on the basis of your profession. After all, we need good managers and leader in any field that could possibly exist. It also doesn’t take into account your age. People from any age gap can choose to pursue a Masters in Business.
In this fast-paced world, where people are always looking to take up as many opportunities as available, there are a variety of MBA degrees, apart from the traditional one, that have been introduced:
Distance Learning MBA
An Online MBA is best suited for people who would like to pursue a degree as they continue to work. Today, a range of top MBA colleges offers online courses, including the Indian School of Business, XLRI, Symbiosis Institute of Management and Technology, IMT Ghaziabad, among many others.
A Distance Learning MBA is highly flexible and another good option for professionals. It doesn’t require students to attend regular classes. It is affordable and recognized by UGC/AICTE. The top MBA colleges in this field are Chandigarh University, Indira Gandhi National Open University, IMT Ghaziabad, Amity University and several others.
An Executive MBA is targeted for mid-senior level employees who are looking to build leadership skills and take a leap in their careers. An Executive MBA is ideally a two-year-long course with classes held every alternate weekend, thus making it a fast-paced course. XLRI, SP Jain Institute of Management, International Management Institute are some well-known names in the field.