MBA in India – The Benefits (Benefits Of A Two Year MBA Program)
A Master’s Degree in Business Administration prepares graduate students in a variety of business-related disciplines, from accounting to management and everything in between. MBA graduates receive a solid foundation in management theory and get the opportunity to put their skills to use as well. Completing an MBA course opens up doors to a wide range of possibilities such as:
- Taking on executive leadership roles at a company
- Becoming the CEO of a company
- Develop, advertise and sell products and services
- Network and create connections or partnerships
- Managing a company’s finances
An MBA program covers various aspects of business such as accounting, applied statistics, business communication, business ethics, finance, management, supply chain, and operations, while also providing students with the opportunity to specialize in an industry of their choice.
MBA graduates typically pull in huge salaries, with the average salary upon graduation being around 8 LPA. While MBA graduates can choose to work at a company upon completion of the course, those with exceptional leadership skills which eventually go onto become the executive head of companies pull in salaries exceeding half a million dollars a year.
To get a clear picture of are some of the roles taken up by MBA graduates, here are a few examples
Banking and Finance
MBAs play the role of investment consultants working in banks, insurance companies, and other financial organizations. They can also choose to work in the sectors of investment banking, or private equity, however, such jobs are usually reserved for candidates with banking experience before their MBA. Another exciting aspect of completing an MBA course is the option to enter corporate development, hedge funds, or security firms, bringing the knowledge of investment analysis and portfolio management to these firms.
Within the field of finance itself, MBA graduates can find jobs in venture capitals, providing technical advice regarding which startup to invest. MBA graduates with prior experience in an industry that venture capitalists are interested in will make a valuable asset to companies.
With a business analytics specialization, students can see data as an analytical tool to understand the continually evolving needs of a business. MBAs usually flourish at this job, establishing their career development by leading business operations, and strategies, based on their data analytical skills. Leadership, technical, business, problem-solving, and risk management skills play a huge role in accomplishing a successful career as an analyst.
Managing a technology-based company requires a combination of both managerial and technical skills. In the MBA world dominated by technology professionals, it is a common path chosen by techies to move into a management level in the leading tech companies.
MBA courses provide a natural aid in starting a business. Many programs offer coursework designed as a simulation of a startup that teaches graduates entrepreneurial skills. The most crucial asset of going to business school can be the networks that one forms. College mentorship, technical resources, and introduction to investors within the college community can help one launch their own company.
It is one of the most common job profiles that MBA graduates go to work. These are the corporate problem solvers. They understand the inner workings of organizations, thus providing ideas to resolve issues to improve their performance.
Benefits Of A Two Year MBA Program
A two-year, full-time MBA program usually lasts four semesters and is spread out over two academic years. During the first year, students will complete the general course requirements while developing core skills. Then during the second year, students have the flexibility to dive deeper into multiple disciplines of their choice.
Nearly 60 percent of global applicants to two-year programs have three or more years of work experience, and this is no surprise since most MBA programs accept students with a minimum of two years of work experience. Another advantage of studying in these programs is the ability to connect with like-minded, ambitious candidates from a wide range of academic and professional backgrounds. These connections extend outside the classroom with strong local and alumni ties that will help one in the future, whether they’re building their own business or need a job.
Practical Learning Opportunities
Two year MBA programs also include a three- or four-month break for an internship, opening the doors to global experiences, where students can put their newfound skills into practice while learning from leaders in the industry. It also makes for an excellent opportunity to boost one’s resume and establish personal connections that will prove to be very useful in the future.
The Experience – When you commit to a full-time program, you are committing to changing the path for your future. Be ready to immerse yourself in the MBA experience and take full advantage of every opportunity available to you. As a full-time student, you’ll also have access to career services, social and professional clubs, speaker series, counselling services, and other “campus life” activities. When you complete your MBA experience, you emerge as a highly sought-after candidate, ready to take on the challenges of today’s global marketplace.
One Year MBA Programs
A one year MBA program is much more fast-paced and intensive compared to a traditional two-year course. One disadvantage associated with the two-year plan is the lack of internship opportunities, which frankly speaking is one of the best experiences that the program offers. The internship can be a doorway to meeting global leaders and form strong relations with the best in the business. A one year MBA program is typically preferred by those who have a lot of work experience under their belt, and wish to continue their career in the same field. One advantage offered by the one year program is the lower cost as opposed to a traditional two-year program.
Two year MBA program at BML Munjal University
BML Munjal University’s Master of Business Administration Courses is one of the most proficient MBA programs in the country. It provides life skills and practical knowledge that will shape innovators, thought-leaders, and entrepreneurs who can reinvent the future of business in new ways. The curriculum for the course has been designed in conjunction with Imperial College London, giving students a global perspective to managerial and marketing skills.
Besides imparting technical business skills to students, the curriculum has a strong focus on hands-on learning experiences and inculcates a raft of values, job and life skills. From alumni events and internship opportunities to overseas exchanges and study trips, students will get to work under leaders of the industry.
BML Munjal University’s MBA program boasts of a high student placement rate of 96%, with the highest salary being close to 23 LPA. The program is affiliated with multiple hiring partners such as Microsoft, Siemens, Shell and Intel.
Whether a student wishes to work in Finance, Business Analytics or Investment Banking, BML Munjal’s MBA course offers a specialization. Students get the flexibility to specialize in the domain of their interest.