Hi Jagruti,

MBA is a Post Graduate degree program and is internationally recognised. It equips the aspirants with key skills and knowledge required to handle some key management roles in businesses. There is a lot of scope for an MBA graduate in India especially because when compared to the absolutely developed nations like U.S, U.K, Canada etc, India is still a developing country and any developing country needs business. Now to monitor or grow these businesses, you need MBA degree holders.

Regarding, how to get into an MBA college, please read my article at the link below,

https://www.careers360.com/qna/question/608012

Regarding the scope of MBA, then let me walk you through the various opportunities that an MBA graduate will have after receiving an MBA degree,

For MBA Finance the following are the hot shot profiles

• Cash Managers
• Risk and Insurance Managers
• Credit Managers
• Management Consultants
• Investment Banking Associates and later Investment
• Bankers
• Treasurers and Finance Officers
• Chief Financial Officers supervise all financial and accounting operations, strategies, and policies of the company

The various job profiles that are offered in marketing are,

• Brand Manager,
• Project Manager,
• Sales Manager,
• Marketing Manager,
• Market Research Analyst,
• Area/Regional Manager

The popular roles under this field are mentioned below,

• Operations Manager
• Plant Manager
• Process Managers
• Supply Chain Program Manager
• General Operations Manager
• Area Operations Manager
• Inventory Control Manager
• Technical Operations Manager
• Operations Management Engineer

MBA in Information Technology (IT)

For MBA IT the following are the high demand profiles

• Business Analyst are required to interact between customer requirements and document them properly for developers
• Business Development Managers prepare presentations for clients and translate technical innovations of a company in terms understandable by a layman
• Sales or ERP Consultant deal with customizing ERP solutions (like SAP) to suit client requirements
• Project Managers are directly involved with implementing a project - right from planning and estimation to managing resources to time management
• QA Managers are responsible for assessing and controlling the quality of the software solutions being provided to clients
• Functional or Process Consultants are required to configure and re-configure processes and chalk out verticals to complete efficient operations within an IT company

Human Resource is one of the demanding jobs in the corporate world. Recruitment and Selection of personnel, deciding Compensation of Employee, Training and Development and Performance Appraisals are all decided by an HR manager. Aspirants of MBA in Human Resource can also develop themselves as Industrial Relations Managers in global companies.

Human Resources Management usually deals with internal marketing of a company. How the employees work for and how well they understand HR policies of the firm depends upon HR. India has started noticing a big change in the way people view HR professionals. Salary packages are improving, and educational institutions having specialisation in their Human Resources programmes are getting adequate support from the corporate world.

While each specialisation is superior to each other if we look at them in silos, practically this doesn’t work the way we perceive. Each and every specialisation is interrelated to one another and effective functioning of all of them together can boost a company’s performance to where it actually positioned itself. I recommend that one must carefully consider one’s potential and interest in choosing which specialisation suits him or her the most.

All the very best!!

Hello,

MBA is a postgraduate management program with eligibility being having passed Bachelor's Degree with 50% from a recognized university.

Various entrance exams conducted for admission to MBA program are CAT, CMAT, SNAP, MAT, XAT, NMAT by GMAC etc.

After successful passing entrance exam, candidates need to further appear for GD,WAT, and PI depending on the criteria each institutes follows.

There's General MBA and specialization in areas such as Finance, Marketing, IT Systems, Human Resource Management etc.