Programs in India

Business education in India: Changing trends

Over the past years, the concept of business education has been a subject of scrutiny because of the constant reminder of maintaining the balance between quality of performance of the management and ethical governance issues. It is the need of the hour to train the best management professionals who will be the bearers of moving India forward on the international business scenario. In short, proving a more global exposure for these professionals has become vital. This concept is not unknown and thus a pressing need for the establishment of more quality business schools has been on the rise. In a developing country like India, business education is becoming one of the most viable career choices for attaining long term financial assurance.

MBA: A gateway for abundant career opportunities

A Master of Business Administration degree is the most sought after degree for business graduates from colleges or aspiring Chartered Accountants. This is the reason many couple their specialized masters with an MBA for a better scope of management learning and an insight to the corporate do’s and don’ts. What has become a recent trend is that many graduates from established science backgrounds line up with an equal percentage for MBAs. Whether it’s looking for strengthening their respective grounds in their profession or opting for a change in career path, an MBA seems to be the next logical step to aspire towards. For instance, a pharmacist who has specialized skills in chemicals will opt for this course in order to gain a more widened view of the enterprise he/she is working for. In that case, they can opt for a generalist MBA without any concentrations. Business graduates, however, have a predetermined choice of their major, like; bankers go for an MBA in Finance or Marketing to increase their credibility in the job market.

Is an MBA mandatory?

It is! Nobody can deny the advantage of flaunting an accredited MBA on one’s CV. It is more of a differentiating element among the applicants for a particular job position. It gives an edge to one’s resume and if concentrated on one area, gives the employer an assurance of the applicant’s skills and abilities. MBAs are known to enrich students with the predominating business culture, a perspective of the modern business etiquette, managerial abilities and soft skills necessary for non-management areas. Most importantly, the professionals who are accelerating in their career growth and have no time to lag behind, an MBA gives a doorway to further diving into opportunities. An MBA gives assurance for early employment and is a tool for survival in the ever-competitive job market of India. It is very important for the aspiring employees to get an MBA in order to gain in-depth knowledge of the dynamic corporate world and the indispensable networking opportunities that it provides among the business organizations in India. Since globalization is an undeniable trend, a lot of Indian professionals are constantly seeking opportunities to travel across the globe for widening their horizons of managerial employment.

Which MBA and why?

There are numerous universities in India which provide business education; however, not all provide the best of the business world. Getting an MBA requires a considerable amount of investment, be it in terms of time or money. Therefore, it is important that candidates know what they aim for in very specific terms and how much they are willing to invest. This is the reason why an MBA comes with varied concentrations such as Marketing, Finance, Human Resources, Management Information Systems and general MBAs. Since India has become a major viable business hub in the subcontinent, a lot of professionals from the science background or engineers too, pursue an MBA. For them, a general MBA is more preferable. Final year undergraduate students often line up for the CAT entrances every year and seek an MBA early in their careers. However, it is advisable that people pursue it after gaining some hands on experience in the business world, in order to bring in more dynamic experience into their classrooms.