Masters of Business Administration (MBA) is a post-graduate professional degree program in business administration. It originated during the early 20th century in the USA, when industrialization started and the need for scientific approaches to business management set in.
The core programs covered include various business areas like finance, accounting, human resource, and marketing.
Types Of MBA Programmes
You can choose from one of the following types:
- Full-Time: This is the standard 2-year programme and is geared for students who are ready to take 2 years off from work. You would need to attend classes every day.
- Online MBA: If you want to continue with your job, then an online MBA is what you should opt for. You can continue with your job and learn about the art of business management at the same time.
- Executive MBA: This is a 1 or 2-year programme and is meant for people from the upper management levels. You need to have at least 5 years of work experience to enter this programme.
- Accelerated MBA: This is also a full-time programme, but it lasts 18 months only. You can take classes during summer and winter breaks to reduce the downtime between semesters.
The choice of programme depends on a lot of factors like your preferences, your past work experience, and your finances.
What Are The Specializations Offered?
In all MBA programmes, you spend the first year studying the core courses required for all MBAs. The second year deals with the functional specialization of the field you have chosen to get well-versed in.
Some of the most popular options you can choose from are finance, human resource, logistics and supply chain, marketing, international business, operation management, and information management.
Whether you’re considering a full-time program or a distance education, an MBA degree can help you advance in your career and earn a higher salary.
An MBA in finance can get you a job in the banking sector, while an MBA in HR teaches you the art of employee management. If you’re already working in the marketing sector, then you can consider an MBA in marketing to advance to managerial positions. If you wish to enhance your skills in product management, an online MBA in operation management suits the bill.
Is BBA Necessary To Apply For An MBA?
No! You just need to hold a graduate degree from a recognised university. In institutes like Bharathidasan University, 50% marks is all you need to apply for an MBA.