What is Management?
Management is a set of principles relating to the functions of planning, organising, directing and controlling and the application of these principles in harnessing physical, financial, human and informational resources efficiently and effectively to achieve organisational goals.
Management is essential for an organised life and necessary to run all types of management. Good management is the backbone of successful organisations. Managing life means getting things done to achieve life’s objectives and managing an organisation getting things done with and through other people to achieve its objectives.
Few lines about MBA
Master of Business Administration (MBA) is a 2-years professional post graduate degree that is divided into 4-semesters. The course imparts a strong theoretical foundation in business concepts. The course aims to provide practical opportunities through internships, group assignments and individual projects to test what the students learn in the class.
The MBA course builds a strong knowledge and hard skills in the areas of management and leadership. The course also provides a detailed understanding of soft skills like communication, motivation and negotiation and many others.
Eligibility for MBA
The students who have completed their degree in any stream with 50% aggregate from recognised university are eligible to apply for MBA course.
Admission Procedures
The students can take admission to MBA by two modes. The first one is merit-based admission and second one is direct admission.
Merit Based Admission
The students interested in merit-based admission for MBA courses are required to appear for entrance exams conducted at national and international levels. The students have to appear and qualify these entrance exams in order to get merit admission to MBA courses.
| Name of Exam | Conducting Authority | Month |
|---|---|---|
| CAT | Indian Institutes of Management | November |
| SNAP | Symbiosis Institute of Management | December |
| PGCET | Karnataka Examinations Authority (KEA) | July |
| ATMA | Association of Indian Management Schools | May |
| NMAT | Graduate Management Admission Council | October |
| MAT | All India Management Association | June |
| XAT | Xavier School of Management | December |
| GRE | Educational Testing Services | GRE General Test once every 21 days up to five times in a continuous rolling 12 month period. There is no maximum lifetime limit. |
| CMAT | National testing Agency (NTA) | January |
Direct Admission
The students have another option of getting admission to MBA courses by direct admission process. Under this mode of admission, the students are given direct admission to their desired colleges and deemed or private universities under management quota. The direct admission students enjoy many special privileges like that they are not required to apply for any entrance exam for getting admissions. They have an option to choose their desired colleges and universities and book their seats in advance even before the starting of the academic year. The students who are interested in direct admissions are required to contact Galaxy Educational Services for more details.
Specialisations available in MBA
MBA students have ample specialisations to choose from. The MBA students will be studying in detail about their chosen specialisations at their final year MBA course. The students can choose their desired specialisations during their admission procedures and join for it
Some of the important specialisations offered in Bangalore are as follows:
MBA Marketing
The MBA in marketing is one of the most popular specialisations in MBA. The marketing students study consumer behaviour and create products at which they will most likely want to buy from markets. The students of marketing will be studying topics such as advertising, branding, market research and marketing globally and online and many other related topics.
MBA Finance
MBA Finance course deals with the different aspects of financial studies and its applications on the setting of business and management. The course is formulated in such a way that the students will be studying about the operational aspects of finance along with technical and management skills.
MBA Human Resources
MBA human resources teaches the students about strategies that improve the quality of business and increase the human output in corporate, private and public sectors. The course is imparted through case studies and with the help of problems that exist in companies. The course basically deals with the topics like employment development, employment productivity, employment problems, etc.
MBA Logistics & Supply Chain
The MBA logistics & supply chain is a holistic programme that is designed to train eligible students to become future managers in the field of industrial supply and chain management. The course covers various topics such as product distribution, supply chain, inventory control transportation management and customer services.
MBA Hospitality Management
The MBA Hospitality Management aims at preparing the students for various roles in the hospitality and tourism industry. The course covers diverse topics like food and beverage management, organisational management, food science and dietetics management, accommodation management and many other related subjects.
MBA Startup and SME Management
The MBA in start-up and SME management deals with the study of management of start-ups and entrepreneurial management. The course covers various topics like entrepreneurial ventures, finance management, start-up culture, fund management, networking, etc.
MBA Aviation Business Management
The MBA aviation business management mainly focuses on aviation business management strategies and businesses of airlines. The course mainly covers topics such as aviation business, fundamentals of business management, international business, airlines behaviour, airline ticketing, quality management and many related topics of airline business.
MBA Sports Management
The MBA sports management basically deals with business angels in sports. The course of MBA sports management is designed to inculcate in candidates the understanding of the business ethics and marketing skills to make them proficient in the sports field. The course follows a holistic approach to develop in students the required skills such as analytical skills and decision making.
MBA Healthcare Management
The MBA healthcare management basically deals with the healthcare management in hospitals and clinics. The course trains the students to handle diverse roles of leadership, management, administration in the healthcare sector. The course will be dealing with various subjects related to the healthcare industry such as quantitative techniques, financial accounting and human resource management in the healthcare industry.
MBA Banking/Finance & Insurance
The MBA Banking/Finance & Insurance provides a strong foundation in the banking and finance sectors and helps in learning about how to check accounts, keeping the money for savings, money exchange and issuing loans and credits. The course trains the students on various aspects like accounting statements and financial information and also aids them in decision making.
MBA Business Analytics
The MBA business analytics trains the students on business intelligence and also provides a knowledge of statistical analysis. The course trains the students on use of data science and data analytics that helps the companies to improve their businesses. The students are trained to give suggestions and recommendations based on statistical analysis and help the companies to prosper.
MBA International Finance Management
The MBA international finance management degree provides the students with a solid education in management, which consists of a detailed exploration of the business and financial environments as well as in-depth knowledge of markets, products and investments of international markets. The course provides the students with practical tools and enhances the skills in analysis, negotiation and strategy of international markets.
MBA Lean Operations & Systems
The MBA lean operations and systems course deals with the different topics related in the organisational operations and management. The course basically covers diverse topics that are required to manage an organisational operations and management and assist the organisations to become more efficient and reach towards their goals and achievements.
MBA Pharma Business Management
MBA Pharma Business Management basically deals with the pharma business strategies. The course generally aims to produce skilled professionals in the pharmaceutical industry for managerial and related positions. The course also builds research and analytical skills in students.
MBA Entrepreneurship
MBA Entrepreneurship course trains the students to become successful independent entrepreneurs. The course incorporates several aspects of business management and teaches students about the transforming ideas into successful businesses.
MBA Information Technology
The MBA Information Technology course will provide the students with the skills needed to manage both IT systems and employees, combining the traditional business knowledge of an MBA with specialised courses on information security, telecommunication and IT project management and many more.
MBA International Business
The MBA International Business combines key aspects of global competition, simplifying the complexities of international business management, cooperation, getting higher market share and maximizing the profit not only through export and import but also through managing international financial services and supply chain, international retail marketing, international laws on customs tariffs, duties and may related aspects of international businesses.
MBA Luxury Management
MBA Luxury Management is a unique and popular course that is aimed to teach the aspiring students the entrepreneurial, managerial and marketing skills necessary to thrive in the global luxury goods and services industry. The course offers a holistic understanding of the developed luxury markets and application of sales, marketing and retail concepts in fast emerging markets like India and many other countries.
Course Curriculum
The students of MBA will be studying the following subjects in their course duration.
| Sl. No. | Subjects of Study |
|---|---|
| 1 | Finance for Non-Finance |
| 2 | Joy of Management |
| 3 | Micro Economics |
| 4 | Business Statistics |
| 5 | Marketing and Consumer Behaviour |
| 6 | Excel Spreadsheet Modelling |
| 7 | Organisational Behaviour |
| 8 | Marketing of Products and Services |
| 9 | Financial Reporting and Analysis |
| 10 | Business Research Methodology |
| 11 | Operation Research |
| 12 | Macro Economics & Policy |
| 13 | Business Communication & Presentation Skills |
| 14 | Costing Products and Services |
| 15 | Synthesizing and Analysing Data Using R |
| 16 | Managing Operations and Supply Chain |
| 17 | Human resources Management |
| 18 | Indian Banking and Financial Markets |
| 19 | Managing Stakeholders and legal Processes |
| 20 | Managing Financial Resources |
| 21 | Bringing Ideas of Market |
| 22 | Strategic Management |
| 23 | Project Management |
| 24 | Management of Design |
| 25 | Business Model and Intellectual Property |
| 26 | Leveraging IT for Business |
| 27 | Corporate Governance and Social Responsibility |
| 28 | Analysing and Mitigating Research |
| 29 | Applied Business Research |
| 30 | Problem Solving and Consulting Skills |
| 31 | Capstone Simulation |
| 32 | Ethics and Indian Ethos |
| 33 | Integrated Decisions Making |
| 34 | Leadership Development |
| 35 | Applied Business Research Project |
Career and Scope
There are ample job opportunities for MBA students. The demand is increasing day by day and continues to thrive in the future. Many organisations are coming up with new job roles and MBA students are largely preferred. The specialisations in MBA plays a key role in careers of MBA students, the specialisations chosen by them decides their scope of work and career growth.
Salary and Emoluments
The fresh MBA students will be easily earning around 6 lakhs to 8 lakhs per annum. The experienced professionals will be earning around 8 lakhs to 25 lakhs per annum.
Top Organisations hiring MBA students
Some of the top organisations hiring MBA students are:
- Accenture
- Flipkart
- Amazon
- TCS
- Infosys
- Fidelity Solutions
- JP Morgan Chase
- Goldman Sachs
- Rolex
- BMW
- Porsche
- Capgemini
- Cognizant
- Emirates
- Microsoft
Conclusion
There is a good demand for MBA students. Many organisations are looking for MBA students in large numbers. MBA students can join in any sector especially in management roles. They are highly paid and can also experience excellent career growth in the field.