You must not be new to this term and have heard this word many times before because MBA is the most popular post-graduate management degree globally. It’s the best choice for employers, and students love this degree because of its placement scope.
People who are highly ambitious usually prefer this degree and apply to different types of MBA programs each year.
As a generic degree, MBA provides the knowledge of fundamental management. This is a degree where you will get a complete view of business in finance, marketing, accounting, human resource, and others. This helps in developing vital leadership skills and soft skills.
What does MBA stand for? MBA definition
The full form of MBA is Master of Business Administration. In 1908 it was first introduced by Harvard University Graduate School of Administration. The MBA is the original graduate degree given by business schools across the world.
Having an MBA degree mentioned on your resume will help you to get selected easily by employers and reputed companies, but the actual meaning of the MBA is far beyond these three letters.
During your MBA course, you will build up your business knowledge, grow your professional network, and enhance your career and salary structure.
The MBA degree for whom?
There is no distinctive MBA student. While in history, MBA students chased careers in consulting or finance, today’s MBA class is occupied by students from a wider variety of professional backgrounds.
According to Universities, the best career motivation perspective for MBA students include: an increase in salary, promotion from junior to senior positions, management of people, and working internationally, and these are a few reasons for pursuing MBA.
There are many Best Online MBA Colleges In India available.
From whatever background you may belong, if you want to study all the management skills and advance your career in that field, then MBA is made for you, or you can say you are made for MBA.
If you want to progress within your current company or start your own business or switch industries, or all three at the same time, then go for MBA.
Types of MBA programs
Before, there was only one option full-time MBA, but now, various B schools have increased their flexibility in this course by introducing various types of MBA programs that are suitable for various students, such as:-
- Full-time MBA
The full-time MBA is the original, traditional, and on-campus experience designed for students of early and mid-career who are looking to completely change their career path. The full-time MBA program for 2 years is the most popular, and the best is offered by Best Online MBA Colleges In India.
- Part-time MBA
The part-time MBA permits you to combine your work and study, which means you won’t miss your salary to pursue a full-time program. There are top distance MBA Colleges In India. The Part-time MBA classes are taken in evenings, on weekends, or inflexible modular arrangements, combining online learning with in-person meetings.
- Executive MBA
The program of Executive MBA is a part-time MBA program with over 10 years of work experience aimed at experienced, executive-level professionals. This program brings the influential senior people together to develop the network and share their knowledge, with members bringing their professional projects into the classroom. For this type, of course, there are many top distance MBA Colleges In India.
- Online MBA
The Online MBA is a part-time MBA experience and super-flexible program which allows you to continue working while studying at your home. These MBA programs require a residential component.
Many online MBA colleges also allow you to plan your own study time and pay per module. This means durations for completion of online MBA programs can differ, although most take around two years to complete.
What can you do with an MBA?
You must be thinking, what can you do with an MBA degree? The answer is anything you set in your mind and want to do. The MBA program prepares you for jobs in various industries and roles. Some of the MBA jobs include:
- Finance Manager
- Financial Advisor
- HR Manager
- Investment Banker
- IT Manager
- Management Analyst
- Management Consultant
- Marketing Manager
- Operations Manager
From the article mentioned above, we came to know what MBA is, who does the degree, what its types are, and what the job role of this degree is.