If you want to make a career in the field of business management or want to take your business to new heights and are looking for a course that can help you in managing a business, then MBA can be a good option.
Let's know what an MBA is? And how this course can help you get a good job.
An MBA is an internationally recognized degree program that helps you develop the skills to run or manage a business well.
MBA is a postgraduate degree course that requires a bachelor's degree for admission.
After completing an MBA degree, your chances to get hired by a good company increases multifold.
As privatization is increasing in India, corporates are in need of people having good business management knowledge and skills.
In the last few years, we have seen that the popularity of MBA courses has increased considerably and this trend is growing continuously.
In this article, we will know what the MBA is? What is the type of MBA program? and what are the benefits of doing it?
Types of MBA
There are four main types of MBA courses.
- Full-time MBA
- Part-Time MBA
- Executive MBA
- Distance Education or Online MBA
Let us now understand these four types of MBA courses one by one.
1. Full-Time MBA Course
A full-time MBA course is the most popular way to do an MBA.
Most of the MBA courses offered all over the world in this format.
To do a full-time MBA course, you have to attend regular classes in a university or college.
A full-time MBA course is a 2 years degree program. Most of the time, the experience is not required to do this course.
To get admission, a student has to clear an entrance exam and colleges are allotted on the basis of merit.
Here are some popular National Level MBA entrance exams in India for MBA Admission.
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2. Part-Time MBA
As the name suggests, In a part-time MBA you do not need to attend regular classes.
Part-time MBA classes are arranged mostly on weekends and most of the top business schools offer a part-time MBA program in India.
To join a part-time MBA, you need 1 to 5 years of experience. A part-time MBA program is of 3 years duration.
3. Executive MBA Program
The Executive MBA program is designed for those who have already been in the corporate world for many years.
For those who want to reach new heights of their career or want to further improve their business management skills, the Executive MBA program is a good option for such people.
To do an Executive MBA program, you need 1 to 7 years of experience.
Different universities set up different eligibility criteria for their executive MBA programs.
To do an Executive MBA course, you also have to pay a higher fee. An Executive MBA program is for 1 year.
4. Distance Education MBA or Online MBA Courses
Distance education MBA courses are the most popular courses of today’s new-age education system.
These courses are most popular among working professionals, housewives, and fresh graduates.
Distance education MBA program is a good option for those who want to continue their higher education along with work.
In Distance Education MBA Program, you do not have to attend regular classes, and you can study at your preferred timings according to your schedule.
As study material, you are provided with e-books, recorded lectures, DVDs, and some textbooks.
The Distance Education MBA program is a 2-year degree program that is divided into 4 semesters.
Distance education MBA program fee is lower than other MBA programs and most universities offer you EMI facility so that you can pay easily.
Business schools all over the world offer over 50 MBA specializations.
A variety of MBA specializations are also offered by business schools in India.
In this blog, we will discuss the top 5 MBA specializations.
Marketing is the most popular and widely chosen specialization by MBA students.
Those who want to pursue a career in offline marketing or online marketing, choose MBA marketing as their specialization.
Finance is the second most popular MBA specialization. Students who want to make their career in the field of banking, finance, investment, or insurance industry, can choose finance as their specialization.
Mostly, it has been seen that the salary of a finance professional is higher than the rest.
3. Human Resource Management
If you love to manage people, then human resource management specialization is a good option for you.
The job of a human resource manager is to recruit new talent and manage the existing talent in the company.
Human resource managers process the salary, attendance, and other information related to the employees.
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4. Information Technology
As we all know, the use of information technology has increased in a big way in the last two decades.
IT companies are now looking for employees who have a good knowledge of information technology and who can understand their business well and can explain their offerings well to their clients.
Most IT companies choose such MBA professionals who have specialized in IT. These people are best suited for their sales team.
If your interest field is IT, and you want to make a career in IT business management, then IT specialization is a good option for you.
The operations team is an important part of a business.
An operation team manages whatever back-end work is done in any business.
Business needs good professionals who have MBA degrees in Operations to handle this team.
If you want to manage a business by staying in the backend, then specialization in operations is a good option.
Hope this blog has given you a piece of sufficient knowledge about MBA Courses and their types and specialization.
If you have any doubt or something you've not understood please comment us below we will surely get back to you.
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