Why MBA? How do I go about it? Advice for MBA? Eligibility for pursuing MBA?
What is the eligibility criteria for pursuing MBA course?
MBA Eligibility criteria required:
- Minimum of 50% of marks in your graduation and 45 % of marks for sc/st students
- No age limit
- Graduation from recognized university .
This is the minimum requirement that you need to follow in order to pursue you MBA course. It is you who can decide the fate of your future step that you need to put for better progress.
Why pursue MBA?
HIGHER SALARY: The average salary for an MBA graduates is considerably higher than that of an employee with a regular master qualification.
For MBA graduates the average salary range from 70,000$ to 120,000$. That is almost twice as much of what you can expect to earn with a regular university degree.
In this case ,in 2-3 years ,you cover the investment made in a MBA education which is estimated to cost, for a 2 year MBA at a top business university, 110,000$ on average.
BETTER CAREER OPPORTUNITIES: This advantage of an MBA degree goes hand in hand with the first one and it is actually the cause of the first one.
Graduates of an MBA programme have, due to their qualification, higher chances of obtaining and holding a high level management position.
It is estimated that 70% of the MBA graduates worldwide are senior managers or board directors . This type of position brings along a higher salary but of course also a higher responsibility and longer working hours.
BETTER CONSOLIDATED BUSINESS NETWORK: As an MBA student you have great networking opportunities. Through this type of study you get to know and interact in a relevant manner with colleagues, professor and teaching staff.
Furthermore if you are not doing part-time MBA next to your job or within your company you have good chances to meet potential employers through the various internships that are part of most top MBA programme.
Last but not least you gain access to the extensive alumni network of that particular MBA programme and of others.
This extensive, well consolidated business network is bound to pay off throughout your whole career making you the first hand recipient of all relevant information in the field and giving you better chances at seizing the best opportunities .
NEW SKILL AND KNOWLEDGE ACQUISITION : You may think it sounds trivial and may say to yourself isn’t that what any study programme is supposed to do?
Yes, it is ,but on MBA education is usually pursued I a very specific situation by a young professional with a few years of experience and sometimes even by senior employees that feel up for the challenge.
After sometime in the professional life it is in the human nature to conform to certain repetitiveness and to stagnate in a comfort zone . This limits your disposition for learning and new skill acquisition .
A HOLISTIC PERSPECTIVE OVER THE BUSINESS WORLD : As mentioned before , through studying an MBA you become part of a great network of professional and companies and you constantly challenge yourself with the newest problem solving.
These things together give you a great overview of the business world a deep understanding and a certain receptiveness to the slight changes of this environment.
This type of overview and sensitivity is very hard to achieve without spending a lot of time on it . Also as regular employee your access is limit to much of the relevant information.
What are job opportunities after completing MBA?
INVESTMENT BANKER: One of the best paid professionals in the entire corporate domain , an investment banker’s life is everyone’s dream and pursuing MBA can help people to achieve this . It is also one of the oldest professions and a worthy career option for many.
Investment banking is certainly a high pressure job which will require the candidate to live out of the suitcase most of his life . There will be sacrifices on personal front , especially when you will spend the least amount of your day at home.
However proper scheduling, organization skills and time management skills can help you cope up with the pressure. Moreover, the salary and other benefits will definitely be a good motivation factor .
VENTURE CAPITAL: Students who display good investment acumen and a keen understanding of business world can also consider the challenging career of venture capitalism.
Finding a position in the private equity industry or as venture capitalist is not that easy. It is indeed a powerful position to be in as you control significant amount of capital, have autonomy in your actions and you can be happy and share the success of people surrounding you.
As a professional VC you will redirect third-party funds into startups and early stage companies . An angel investors uses his own capital to invest in a promising venture.
For a MBA graduate working as a VC or a private equity industry provides the chance to practice many of the skills developed during college days while working in an entrepreneurial environment.
ENTREPRENEURSHIP: For those who love to be their own boss entrepreneurship is the best possible available career path. In fact it is the only career path for such risk loving individuals.