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| MBA
SPECIALISATIONS |
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With a graduation
degree resting on your shoulders, you are at the crossroads
of your life contemplating on the various choices available
before you which will be a turning point, in making
or breaking your career. One of the many signboards
that beckon you is MBA. MBA- Masters in Business Administration.
Work Experience
As a student if you want to pursue an MBA straight after
graduation then the Indian system of education encourages
you to complete your Bachelor’s and Master’s
degrees before starting to work somewhere. However the
rest of the world does not agree with this straightforward
policy. The US, UK, Canadian, Australian and European
business schools insist on significant work experience
after graduation, with global business schools requiring
a minimum three years.
Many of you may view the MBA as a way to switch your
career paths. Those of you who have worked in the health
care industry, computer or engineering firms, and so
on can opt for an MBA so that you can achieve a managerial
position in your field. For instance if you are an engineer,
and have worked for years in routine hardware tasks
and now want a managerial position, then an MBA may
be ideal for you. Possession of this degree would tell
your prospective employer that you have the required
skills-you would be able to manage and lead teams, have
knowledge of business strategies and so on.
Length of an MBA Program
Another important factor which you should consider is
the length of the MBA programme. If you have sufficient
years of work experience and wish to get back to your
business quickly, then consider a one-year MBA programme.
Remember that the curriculum is extremely demanding
and you are expected to work for more than 10 hours
a day. On the other hand, if you can take things at
a more manageable pace, consider a two-year MBA course.
Classic Management Specialisations
Management is all about planning and coordinating organizational
tasks. The manager administers the resources at his
disposal in such a way as to maximize efficiency and
increase output. As an MBA you not only study General
Business Management and Administration but also get
to specilize in any of the many business functions like
Finance, Marketing, Systems and Operations, Production,
Human Resourses Management etc.
 Personnel
Managers: Personnel Managers manage the Human
Resources in a company. Their duty is to interview
& recruit personnel, handle wage & salary administration,
handle union - management relations, oversee
personnel training etc.
Finance
Managers: Finance Managers plan and moniter
the financial aspects of the institution. Administering
the cash flow, evaluating the financial health of the
company and assessing the future prospects
of the business are the requirements.
Marketing
Managers: Marketing Managers work towards revenue
generation. They study the marketability
of the product and implement measures to enhance sales.
Operations
Managers: Operations Managers are concerned
with logistics management. Their duties revolve
around inventory control, personnel schedules, resource
allocation, product mix and distribution systems.
They help to enhance the productivity and performance
of an organization.
Systems
Managers: A Systems Manager uses Information
Technology resources to achieve organizational
goals.
An MBA is a course that challenges you, and at the same
time offers an enjoyable and practical learning process.
MBA also aims to provide you an opportunity to inculcate
managerial skills while enjoying the dual benefits of
academic learning and direct industry interface. To
create a pool of managers for the new emerging India
this career option focuses on developing analytical
ability, team skills and leadership skills. Whether
you are still a student or a professional with a working
experience background your aspirations for a satisfying
management degree will definitely raise your career
graph.
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