iness Administration (MBA) (originated in the USA early 20th century) was designed to develop the skills required for careers in business and management. Though its value is not strictly restricted to the business world alone. It is equally important and useful for those pursuing a managerial career in the public sector, government, private industry or going for entrepreneurship.
In India, MBA courses in Bangalore are quite well known apart from Western India (Pune especially).
Most of the MBA programs cover a core curriculum of subjects like, accounting, business administration, managerial economics, marketing, human resources, business ethics, business law, business strategy, business operations, finance, management, entrepreneurship, supply-chain management, operations management.
The programs also include elective courses that allow participants to follow their own personal or professional interests in a particular area. For example, accounting, finance, marketing, operations management, IT.
Good MBA schools require their students to complete an internship with a company /organization. This not only gives a first-hand practical and real-world work experience but also may lead to concrete job opportunities after the program in the same company if both sides meet their need and requirements.
Business schools in many countries including India also offer programs tailored to full-time, part-time, executive (abridged coursework typically happening on nights or weekends) and distance learning students.
The degree is the most popular one in the world with more than 2,500 MBA programs being offered worldwide since its start as we discussed. However, with the progress of time, the evolution of technology, AI, digitalisation, the way of doing business has changed and to keep pace with it, the MBA programs have evolved to keep up with the demands of the times.
MBA Admission Global / Local Schools
Mostly, the aspirants seeking admission to business schools outside India are asked to submit Graduate Management Admission Test (GMAT) or Graduate Record Examinations (GRE) scores, academic transcripts, reference letters and TOEFL or IELTS scores for non-native English speakers.
In India, the admissions to B-schools including the best MBA colleges in Bangalore, happen through an admission test. These could be any one of the following types:
· National Level Test (conducted by a testing body / top national B-schools -government or private) on behalf of the other participating colleges. Example: CAT, MAT, CMAT or ATMA.
· State Level Test (by a state-level testing body / a top state B-school on behalf of the other participating colleges of that particular state. Example: MAH-CET, OJEE, KMAT, TANCET or APICET.
· Entrance Test conducted by specific B-school for its own MBA programme. Example: IIFT, XAT, NMAT, SNAP, IBSAT. These scores, in some cases, can be accepted as a qualifying criterion by other B-schools as well (at their discretion).
· Some universities also conduct entrance test conducted for MBA programmes being offered by colleges that are affiliated to those universities. Example: KIITEE, HPU MAT.
The entrance exam is usually followed by a group discussion or a personal interview conducted by the college where the student has applied and given the entrance exam.