Why Choose an MBA? The Advantages of Being an MBA Professional

In today’s fast-paced world, education and career are vital aspects of life. Many people aim to climb the corporate ladder or start their businesses. One way to achieve these goals is by becoming an MBA professional.

But what exactly does that mean? Let’s explore the world of MBA professionals and understand why this career path is so popular.

What is an MBA?

MBA stands for Master of Business Administration. It is a postgraduate degree that focuses on business management and administration.

The programme covers various subjects, including finance, marketing, human resources, operations, etc. An MBA working professional has completed this programme and possesses the skills and knowledge to work in various business roles.

Why Choose an MBA?

There are many reasons why people choose to become an MBA professional. Here are some of the most common reasons:

Career Advancement: An MBA can help you advance your career. Whether you want to become a manager executive or even start a business, an MBA provides the necessary skills.
Higher Salary: MBA professionals generally earn more than those without an MBA, and the degree opens up higher-paying job opportunities.
Skill Development: The programme covers a wide range of subjects, allowing you to develop various skills, such as leadership, communication, and problem-solving.
Networking Opportunities: MBA programmes often provide excellent networking opportunities. You can connect with classmates, professors, and alumni, benefiting your career.
Global Recognition: An MBA is a globally recognised degree, which means you can work in different countries and industries.

Types of MBA programmes

There are several types of MBA programmes to choose from, depending on your needs and career goals:

Full-Time MBA: This is the most traditional form of MBA. It usually takes two years to complete and requires full-time attendance.
Part-Time MBA: Designed for working professionals, this programme allows you to work while studying. It may take longer to complete, usually around 3-4 years.
Executive MBA (EMBA): This programme is for experienced professionals who want to move into executive roles. It usually takes 1-2 years to complete.
Online MBA: An online MBA allows you to study from anywhere globally. It’s a flexible option for those who can’t attend in-person classes.
Specialised MBA: Some programmes offer specialised MBAs focusing on finance, marketing, healthcare, etc.

The MBA Curriculum

An MBA working professional studies various subjects during their course. The curriculum generally includes:

1. Core Subjects:

Accounting: Understanding financial statements and accounting principles.
Finance: Learning about investment, financial markets, and corporate finance.
Marketing: Strategies to promote products and services.
Operations Management: Managing production and business operations.
Human Resources: Managing employee relations and organisational behaviour.

2. Electives: Students can choose various electives to specialise in a specific area. For example, they can focus on digital marketing, international business, or entrepreneurship.

3. Capstone Project: Many MBA programmes require a capstone project or thesis, where students apply what they’ve learned to a real-world business problem.

The Journey of an MBA Professional

Becoming an MBA professional involves several steps. Let’s go through them one by one.

1. Preparing for the MBA Entrance Exam

The first step is usually preparing for an entrance exam. Popular exams in India include CAT, MAT, XAT, and GMAT. These exams test your quantitative, verbal, and analytical skills.

2. Choosing the Right B-School

Choosing the right b-school is crucial. Factors like the reputation, faculty, infrastructure, placement records, and alumni network should be considered.

3. Application and Admission

After choosing a B – School or University / Institutes , the next step is applying. This usually involves submitting your entrance exam scores, academic records, and other documents. Some B – School or University / Institutes also require an interview.

4. Completing the MBA programme

Once admitted, you’ll spend the next 1-2 years studying. This period involves attending lectures, participating in group projects, and completing internships.

5. Entering the Job Market

After completing the programme, the next step is to enter the job market. B – schools or Institutes often have placement cells that help students find suitable jobs. You can also look for job opportunities on your own.

The Role of an MBA Professional

An MBA professional can work in various roles across different industries. Some typical roles include:

Business Analyst: Analyses business data to help companies make informed decisions.
Marketing Manager: Manages marketing strategies and campaigns.
Financial Analyst: Analyses financial data and provides investment advice.
Operations Manager: Manages day-to-day business operations.
Human Resources Manager: Manages employee relations and organisational development.

Advantages and Challenges of Being an MBA Professional

Given below are the advantages and challenges of being an MBA professional:

Advantages

Versatility: An MBA opens doors to various industries and roles.
High Earning Potential: MBA professionals often earn higher salaries.
Career Growth: It provides opportunities for rapid career advancement.
Skill Development: It enhances various soft and hard skills.

Challenges

Cost: MBA programmes can be expensive, especially at top-tier B – School or University / Institutes s.
Time-Consuming: The programme requires a significant time commitment.
Work-Life Balance: Work, study, and personal life can be challenging.

Online MBA: A Flexible Option

In recent years, the popularity of online MBA programmes has increased. They offer flexibility, allowing you to study at your own pace. This option primarily benefits working professionals who can’t attend regular classes.

Advantages of Online MBA

Flexibility: Study from anywhere and at any time.
Cost-Effective: Generally cheaper than full-time programmes.
Work While Studying: You can continue working while earning your degree.

Top B- Schools/ Institutes for Online MBA in India

Here’s a detailed overview of the top B-schools offering online MBA programmes:

Name of B-School	Total Course Fees (INR)	NIRF Rank
Amity University Online	1,95,000	#28 in ‘Management’
Manipal Academy of Higher Education (MAHE)	2,80,000	#6 in ‘Universities’
Symbiosis School For Online & Digital Learning	3,00,000	#17 in ‘Management’
Jain University Online	2,60,000	#68 in ‘Universities’
IIM Raipur	13,50,000	#11 in ‘Management’
DPU Centre of Online Learning	1,69,200	#46 in ‘Universities’
LPU Online	1,62,800	#32 in ‘Management’

Note – Fees can be changed as subject to time.

How to Succeed as an MBA Professional?

To succeed as an MBA professional, you need to focus on the following areas:

Continuous Learning: The business world is constantly changing. Keep updating your knowledge and skills.
Networking: Build a strong network. Attend seminars, workshops, and conferences.
Practical Experience: Gain practical experience through internships and real-world projects.
Soft Skills: Work on your communication, leadership, and teamwork skills.

Conclusion

Becoming an MBA professional can be a rewarding career choice. It offers numerous opportunities for growth and development. Whether aiming for a higher position in your current job, looking to switch careers, or planning to start your own business, an MBA can provide the skills and knowledge you need.

The journey requires hard work, dedication, and a willingness to learn, but the rewards can be substantial. So, if you’re considering this path, take the time to research and find the best programme for you. Good luck on your journey to becoming a successful MBA professional!

MBA Professional: FAQs

Q1. What is the eligibility criteria for an online MBA?

A bachelor’s degree from a recognised university and sometimes relevant work experience are typically required. Entrance exams may also be considered.

Q2. Is an online MBA degree recognised in India?

Yes, online MBA degrees from accredited universities/institutes are recognised in India. It’s essential to verify the accreditation status.

Q3. How do online MBA courses conduct exams?

Online MBA courses often conduct exams through online proctoring, virtual exams, or at designated exam centers, depending on the institution’s policies.

Q4. Can I pursue an online MBA while working?

Yes, online MBA programmes are designed to be flexible, allowing you to balance work and study.