Your professional marketability improves with an MBA degree. For ambitious managers, deciding to pursue a master’s in business administration is a significant decision. An MBA degree is essential for succeeding in today's cutthroat competitive environment.
MBA Eligibility
The first stage in assessing if applicants are qualified to apply for an MBA course is to determine their MBA eligibility. The prerequisite for it is to secure 50% in graduation. Although there is no upper age limit for MBA students ATMA requires candidates to be 21 years at the time of the exam.
Premiere business schools give importance to the overall portfolio with 12th marks, graduation scores, work experience, minimum cut-off score in CAT, and group discussion followed by personal interviews.
Why You Should Do MBA?
MBA is pursued to enhance career and earn exposure in the corporate world. it is designed for persons who have job experience and want to learn in-depth business procedures. A prestigious degree is highly appreciated by the industry.
How can an MBA benefit you? Is the investment justified?
- Opportunities in the Global market
- International and national professional networking
- Greater employment possibilities
- Having better time management skills
Fee Structure of an MBA
It is hard to discuss MBA colleges in India without mentioning the Indian Institute of Management (IIM), one of the country's top MBA institutions. The cost of an MBA at an IIM can range from INR 11 lakhs to INR 25 lakhs.
However, there are other reputed MBA colleges where the fees range from INR 5 lakhs to 35 lakhs.
Post MBA Increase in Salary
The candidate's remuneration is influenced by his or her choice of MBA specialization and level of experience. Most often, specialties like finance, marketing, business analytics, data analytics, and entrepreneurship command the greatest wages.
An experienced professional can expect a 30%-40% hike in this annual CTC.
The highest-paying positions in India after an MBA typically pay between INR 4,00,000 and INR 32,00,000 per year, depending on the candidate's preference for the industry and expertise.
MBA pay in India: Various Factors
The starting salary structure post qualification of an MBA in India is entirely dependent on five key variables.
- The candidate's chosen MBA specialty
- Expertise
- Specific Industry
- The school or college an applicant has graduated
- In-depth knowledge and communicative skills
You need to possess a few skills before enrolling for an MBA.
- Interpersonal Skills
Communication is the key factor in business. The more communicative you are it is easy to reach your target audience. Having good interpersonal skills is essential. It helps in networking, building brands, and enhancing your business. Effective leadership abilities, which are rooted in strong communication abilities, are essential to the long-term success of both the degree applicant and the business. The capacity to motivate others works best with effective communication abilities, which are the cornerstone of all soft skills and crucial for corporate success.
2. Teamwork
An organization runs on teamwork. The contribution of several entities can bring growth and development. MBA is not for you if you prefer to work independently and believe in individual contributions. Collaboration is key to the success of the sector.
3. Problem-Solving Skills
Life is full of problems so are enterprises. Instead of pounding on issues, you should concentrate on solutions. So it's essential to always find answers, no matter how crucial the situation is. The outcome of the solution can lead an entity ahead.
4. Ability to Work Under Pressure
If you are an MBA aspirant be prepared to work under pressure. You need to perform best in all sorts of compulsions. Right from achieving the target, closing a deal, and implementing sales and marketing strategies to hiring the right talent for the organization. Pressure is at every nook and corner you need to adapt to it.
5. Adaptability, Perseverance, Integrity
An MBA will emphasize the value of perseverance, integrity, and adaptability and how they can help you to become a truly successful businessperson. Being flexible can also help you in collaboration and negotiation, which are the two mainstays of business and economics.