Are you searching for top Business Schools & Management colleges for Master of Business Administration courses?
In this blog post, you will learn about the Management courses, Business Schools & MBA Admission process in India.
The MBA program helps you learn about the process, policies, functions & managerial skills to effectively and efficiently manage an organization.
Managerial skills are mandatory for employees to perform their job roles in an organization.
The art & science of modern management is continuously evolving and impacts all businesses and organizations.
- You will learn about:
- MBA Admission in India
- MBA Course Curriculum
- Management Specializations
- Businesses Schools & Management Colleges
- Admission Process & Eligibility Criteria
MBA Admission in India
The MBA programs help you build a career in business management.
Organizations and business enterprises rely on managers to achieve their goals & objectives.
The goals and objectives are an organization's purposes that lead to profit and financial gains.
Management is an essential function across all departments of an organization (finance, operations, marketing & human resource management).
All departments of an organization must coordinate with each other to accomplish the goals & objectives of an enterprise.
Master of Business Administration helps you learn about the business management process and techniques.
The MBA program is offered in more than 15+ specializations to broaden the scope of management practices.
However, the core MBA specializations are Finance, Marketing, Operations, Human Resource Management, International Business, & Entrepreneurship.
Modern business practices have caused various MBA specialities such as retail management, logistics & supply chain management, production management, tourism management, hospitality management, etc.
MBA Course Curriculum
The 2 yrs full-time MBA program is designed to help you learn about the various management theories, specializations, business practices, & ethics in Business.
Also, practical training, project work, and internship help you gain advanced knowledge of modern business management practices.
MBA Curriculum:
- Management Theory & Practices
- Managerial Economics
- Quantitative Techniques for Managerial Applications
- Business Law
- Organizational Behavior
- Business Policy & Strategy Management
- Executive Communication & Research Methodology
- Operations Research
- Entrepreneurship Development
- Management Information System
- International Business Environment
- Accounting & Finance
- Capital Investment & Financial Decisions
- Retail Operations Management
- Customer Relationship Management
- Business Ethics & Value
- Risk Management & Insurance
- Facility Design & Management
- Hospitality Law
- Presentation & Seminar
- Industrial Training
- Project Course Work
Elective Subjects:
- Financial Management
- Management of Human Resources
- Marketing Management
- Product Management
- Operations Management
- Information Management
- Logistics & Supply Chain Management
- Retail Management
- Hospitality & Tourism Management
- Hospital Administration
- International Business & Trade
- Business Analytics
- Event Management
- Entrepreneurship & SMEs Management
- Agribusiness Management
Operation Management
The operation functions have evolved from the business strategy and focus on fulfilling the vision and mission of the organization.
This is one of the important components of business management.
The operating management team is related to the use of available resources that are better for changing input (material, labour, capital, energy, skills, and technology) to be output (goods or services) for customers.
It involves the production of goods and services effectively for customer satisfaction.
The Major Functions of Operation Management are:
- Designing & Planning
- Facility Planning
- Production Management
- Quality Management
- Inventory Management
- Logistics & Supply Chain Management
- Product & Service Management
Marketing Management
Marketing is the process of demand management which deals with identifying and meeting human and social needs.
The role of the marketing team is to sell goods and services to dealers and buyers.
Understanding the needs and demands of customers with effective communication and the process of collecting information is very important for good marketing management.
The 4 P’s of marketing (Product, Price, Place, and Promotion) are the basic parameters for planning an effective marketing management strategy.
Selling is an inside-out approach, and marketing is an outside-in approach that focuses on customer needs and demands.
International Business & Trade
International Business & Trade is the sales and marketing process producing by-products for other country markets.
International trade has become a dominant business feature because of globalization, outsourcing activities, and open trade & investment systems.
Development in the field of communication and transportation has simplified international business & trade processes.
Though the process still involves doing business in different cultural and legal frameworks.
Working in an international business environment is similar to national business in various terms such as finance, accounting, human resource management, marketing, and operational management.
However, the implementation of marketing strategies for foreign markets is more dependent on different customer rules, regulations, and expectations.
Human Resource Management
Employees are the greatest asset of an organization.
The successful business management process depends on an effective and efficient human & non-human resource unit.
Therefore business enterprises must pay considerable attention to staffing, training, recruitment, and fulfilling employee demands.
The HRM team is responsible for work analysis, human resources, planning, recruitment, training, promotion & assessment.
Human resource managers must have special knowledge to plan and staff according to their organizational roles, functions, & duties.
Recruitment of human resources is an ongoing process that is essential for achieving the goals and objectives of an organization.
Financial Management
Finance is one of the important functions of business management for the success of an organization.
All managers must know financial functions such as budgeting, cost and profit analysis, return on capital investment, & cash flow management.
Financial management is a two-stream function that includes:
- Budgeting, Accounting, and Auditing;
- Management of Finance
Financial management is related to the procurement of funds by the organization's budget & utilization of efficient funds to maximize profits.
Financial statements are needed to understand current business conditions and the future.
A financial Audit ensures expenditure control and includes investment and risk management decisions.
Information Management & Business Analytics
Information Management is the process of managing business-related data or information.
Computing, databases, and network technology are needed for information management in an organization.
Management Information systems (MIS) & IT-enabled processes are essential for information management & analysis of performance in a business.
The purpose of Information Management is to measure an organization’s performance concerning its goals and objectives.
Information management and performance analysis is a 2-step process involving:
Organizing and collecting data and information on the organization's performance and,
Business data and information analysis are very helpful in the control and improvement of organizational performance.
Information management & business analysis is very helpful for performance analysis in various categories such as:
- Customer Satisfaction Measures
- Human Resource Management Measures
- Operational Measures
- Marketing Performance Measures
- Financial Performance Measures
MBA Admission Process
Most Business Schools & Management institutions prefer entrance exam scores for shortlisting students for the final admission process.
Due to the limited seats, only a handful of MBA aspirants can secure a seat in top management colleges in India.
There are around 200 tier-1 management colleges in India.
Most of them allow students to participate in their admission process based on the marks scored in CAT, MAT, GMAT, SNAP, XAT, NMAT, etc.
Shortlisted students are only allowed to participate in the group discussion, personal interview & written Tests for the final selection.
You can apply for MBA admission to various institutions as the entrance exam scores are valid for one year.
The selection of your application process for MBA admission is dependent on the preferred institution’s eligibility criteria & entrance exam score.
Most of the private management colleges in India begin their admission process soon after the entrance exams.
Every year more than 2 lakh students join various educational institutions in India to study Master of Business Administration courses.
To join a premier management college in India, you must strategically plan for your MBA admission.
Often students make errors in college & course selection due to the wide range of educational institutions, and lack of knowledge about MBA programs.
However, experts career counsellors might be able to help you avoid this trap
Direct Admission to MBA Colleges
To apply for MBA Direct Admission, you must prepare a list of preferred institutions to apply for admission.
Most of the admission application process is via online mode.
Submitting an online application form is compulsory for educational institutions to send you an invitation for further admission process.
The selection of students for admission is dependent only on qualifying the screening process by educational institutions.
You can either connect with educational institutions via call, web meeting or visit the education institutions.
Screening is done for documents verification, interviewing the students, and briefing about the courses and college.
A minimum of 50% marks in graduation and a valid score in an entrance exam would be essential to apply for direct MBA admission in India.
Generally, after a poor performance in MBA entrance exams, you might get disappointed and think of taking a year drop.
Despite wasting your time, you must look forward to the future by making the right decisions about your career.
Conclusion
Knowledge of managerial skills is a must for all individuals who work in organizations to effectively and efficiently carry out their job roles.
Executive MBA programs help working professionals learn managerial skills.
Students who are just starting their professional careers after completing their degree must join full-time MBA programs.
The classroom-based MBA program provides you better learning experience, along with training & various other career opportunities.
MBA Admission & selection process is dependent on your overall performance throughout your academic career, entrance exam and personal interview, and written test.
Learning managerial skills is mandatory for the employees to function uniformly in competitive & challenging environments.
Also, to start your own business or enterprise, you must learn about entrepreneurship and SMEs management.
Entrepreneurs and SMEs are the backbones of the nation’s economy.
However, running a successful and profitable business requires you to know about various management processes & functions of business organizations.
We would be pleased to help you with any of your admission requirements or guidance for MBA admission.
Comment below and let us know your doubts.
0 Comments