Did you know that What is the Full Form of MBA? Friends, all of you must have heard the name of MBA at some point or the other, maybe yes, then only you are reading this post. Today in this post we will know about what is MBA, how to do MBA, along with you will also be told about MBA Full Form, how to make a career in MBA, what are the benefits of doing MBA, who can do MBA etc.
MBA course is a very famous course which is attracting the youth of today. If you want to do a course, then for that you should have complete information about that course, only then you can take a proper decision whether you should do the course or not.
If a student wants to do MBA, then they must read this post because in this post you will get complete information about MBA, what is full form of MBA, how to do MBA etc.
Brief Information about MBA
MBA is a professional course which can be done after graduation. If you also want to make a career in business management, then MBA can prove to be a great course for you. MBA started in the 19th century and originated in America. When industrialization started expanding, all the company wanted good management, thus the need for a course was felt that could teach people about business management.
Similarly, the birth of MBA was the first school which started teaching MBA, its name is The Warthon School. Currently, MBA is taught in many countries, Nepal is also one of them, but still people prefer to do MBA from America.
It is not necessary that everyone should study doctor or engineer, there are many such career options which we can adopt. MBA is also one of them, after doing this course, many job doors open for you.
If someone studies MBA well, then their salary is also in lakhs and their work is also highly respected. If someone has graduated from any stream BA, BCom or BSc, all of them can do this course. Now the time has come to know what is MBA and how to do MBA?
What is the full form of MBA
The full form of MBA is Master of Business Administration. It is a postgraduate degree. This course proves to be helpful for all those people who want to make their career in business management.
Nowadays, there is a demand for MBA professionals in all Multi National Companies. You have to do graduation first to do MBA course, without graduation you will not get admission in college, your entrance exam is done before admission. The MBA degree has started in the 19th century from a country like America.
Types of MBA
Now we talk about how many types of MBA are there and know about them all.
Full Time MBA: This is a two year course. In this course you can understand MBA deeply.
One Year MBA: This course is of one year, so the student has to study more and more in less time.
Part Time MBA: If you want to do a job with MBA then you can do this course. Classes are held after your office hours are over.
Evening MBA: This course is also like full time MBA, the only difference is that the classes are held in the evening.
Modular MBA: If you want to finish MBA as soon as possible then this course is for you, you can also call it crash course.
Executive MBA: For doing this course, you must have experience of 5 to 10 years. The syllabus of this course is such that unless you have an understanding of the business industry, you cannot understand it.
MBA Eligibility
If you want to know who can do MBA, then I would like to tell you that MBA can be done by every person who has completed his graduation and you should have at least 50% in graduation, then only you can fill the form for MBA.
To do MBA, you also have to give entrance exam which we call CAT (Common Admission Test). After giving the entrance exam, you are selected for MBA on the basis of your merit, so you have to prepare well for the entrance exam. Although some private colleges also give direct admission but their fees are very high.
MBA Fees
If you talk about MBA fees then it completely depends on the college. If you do MBA from a government college, then its fees can be up to 2 lakhs, while the fees of private colleges can be around 8 lakhs to 25 lakhs. From whichever college you want to do MBA, you will get complete information about it on the website of that college.
MBA Specialization
In the first year of MBA, you are given basic knowledge of business. In the second year of MBA, you have to specialize in any one field. By doing specialization, you get a good understanding of that field and in future you get the job on the basis of that. That's why it is important that you go to a good specialization whose demand in the market is also high. You should be interested in whatever specialization you choose, only then you can do better. For your information, the names of some popular specializations are as follows:
Marketing: Nowadays every company needs marketing so that more and more new customers are associated with them. This specialization is for those who want to understand and learn marketing.
Finance: You can go to this specialization to learn finance. After learning this one can go into the field of Investment Banking, Institutional Finance, Merchant Banking, Corporate Finance and International Finance.
International Business: If a company wants to take its business to the international level, then it will be looking for a person who has a good understanding of International Business which is taught in this specialization.
Entrepreneurship: Entrepreneur is required to run any Start Up, so in this specialization you get a complete understanding of Entrepreneur.
Operations Management: Planning, Organizing, Controlling and Supervising is required to run any business smoothly, which you are taught in this specialization. It is better for those who belong to engineering background.
Health Care Management: It is known from the name that how to manage all the departments and hospitals related to health is taught in this specialization. If someone wants to go into the health sector but they want to do something different from taking care of the patient, then they can do health care management.
MBA Career Options
- Management
- Marketing
- Human Resources
- Finance
- Accounting
- Sales
- Healthcare
Advantages of MBA
Everyone needs money, what can be better than this that you get more salary for your work as well as respect. After doing MBA, your salary is not that much in the beginning but after a few years of experience you can earn lakhs of rupees in a month. Another special thing about this is that you get good job security, so you do not need to worry about the future.
After doing MBA, you get a good understanding of business and industry. The biggest advantage of this is that you can do your business and make a good team which is loyal to its work. This is also important because many people give importance to business more than job. Your income is fixed in job but in business you can earn as much as you want according to your work. MBA is considered to be a course in which you also get a job and if someone likes to do business, then they also get an understanding of how to take their business forward. Therefore MBA is best in both the ways, it depends on you whether you want to do business or job.
Many times it happens that we are the only earning person for our family and we have to bear the entire expenses of our family. If someone is not able to pursue further studies due to job and is not satisfied with his job, then MBA can be done. As we had just known that MBA can also be done part time, so if someone is short of time then they can take admission in part time MBA. The advantage of this will be that your job will not be lost and you can also study MBA after coming from the job.
MBA is one such course whose demand is not only in Nepal but all over the world. You all know that to run any business or company, we need a good management team. You see in any country there will be no such country where there is no company because nowadays all the big companies are trying to bring their branch to the world. If a person wants to work abroad, then he can do MBA, for this you just have to pass the interview of the company and your servant is confirmed.
The environment in which you live with people definitely affects your personality and thinking. Same thing happens to you while doing MBA. When you do MBA, you get a chance to learn and understand a lot from MBA students, teaching staff and professors. By talking to these people, your communication skills are good, new business ideas come in your mind , you get easy understanding of marketing and management. All these things help you a lot in the coming times, which have a positive effect on your thinking along with business.
MBA is such a course after which you are able to make a good strategy. It teaches you how you can tackle any situation with planning. This planning not only helps in your business but also gives an understanding of how to go through any situation of life. This is very important for your morale, which ensures success.
After doing MBA, you may want to make a career in some other field without going into business management. MBA is considered a post graduation course, after which your post graduation is completed. Now if you want, you can do whatever courses are there after post graduation such as PhD and you can become a professor in a big university.
Final Words
So friends, today we have learned in this post what is MBA and how to do MBA. I also told you what is MBA, how to do MBA, Full Form of MBA, benefits of MBA, MBA fees, who can do MBA, MBA salary, etc.
I hope now you have got the answers to all the questions related to MBA. If you are interested in doing MBA then do not think much and prepare for CAT exam so that your admission can be done easily in any good MBA college.
After doing MBA, you can do job in any big company where you also get good salary. If you liked this post of ours, what is MBA, how to do MBA, then do share.