MBA (Master of Business Administration) is a postgraduate degree that prepares you for the business and finance world at a senior standard. It usually summarises all your previous working experience; strengthens it and supplements with some managerial knowledge taking it to a new professional level. Actually the salary increase is the most popular reason for people to choose MBA course. Getting MBA might be very expensive, but it should be considered as an investment into your prosperous and successful future.

MBA Specialisations
MBA degree has lots of specialisations and you can choose any from a wide range to suit your interests and needs. These are the most popular MBA specialisations:

MBA in Finance – you will be prepared for a variety of career paths; you can work in financial institutions as also non-financial organisations, banks, investments and securities brokerage, mutual funds departments, financial analysis of investments, corporate finance sector, etc.

MBA in HR (Human Recourses) – HR degree is connected mainly with communication with people and organization of recruitment, administration, planning and meditation, employee training and appraisals, etc.

MBA in Marketing – Marketing manager, market research analyst, brand manager, sales manager, PR director, and advertising manager – to name just a few career profiles. So as you can see there are huge perspectives for an MBA in Marketing student.

Finally, MBA can be a nice bulk to your CV, because it’s not just a degree, but a proof of your professional level and extraordinary way of thinking that has a high value in the competitive environment.

1. Advance in your current career. A Master of Business Administration prepares you for a managerial role in your current field, whether or not you’re already in the business world. Medical professionals, publishing professionals, real estate agents and tech support specialists are among the many who can benefit from an MBA degree and attain a more rewarding position in their existing career.

2. Change to a new career. The flexibility of today’s MBA programs provides prospective students with a myriad of options, from accounting to project management to international finance. If your current career doesn’t suit your interests and abilities, a graduate business degree can jump-start your job prospects in a new direction and give you valuable and marketable management skills.

3. Start your own business. An MBA program imparts the skills and knowledge necessary to be an entrepreneur and bring a new business to life. If you have the creativity, people skills and drive to start a business, a good graduate program will train you in critical areas like business planning, venture financing and small business management.

4. Grow your networking resources. One of the most valuable benefits to attending business school is the opportunity to network with fellow students, alumni and professors. These professional relationships can serve you well throughout your career, providing essential mentoring and contacts.

5. Increase your job security. The industry-specific knowledge and skills gained via an MBA degree program translate directly to increased job security. An MBA graduate is not only a desirable candidate at entry level, but also possesses the expertise to branch out or advance within an existing career.

IGNOU has relaxed the minimum eligibility for admission to MBA and other management programmes. Now even fresh graduates can apply for these programmes unlike before when aspirants required to have at least three years of work experience to be eligible.

In a bid to enable more management aspirants obtain MBA degree, IGNOU has relaxed the minimum cut off marks for eligibility to get admission in its MBA programme to 50 per cent for general category students.

Now, fresh graduates in general category with 50 per cent marks and reserved category students with 45 per cent marks are eligible to appear for OPENMAT, the entrance test of IGNOU for admission to the MBA programme.

Even those graduates who have successfully cleared the entrance test for admission to management programme conducted by recognised institutions like CAT, MAT and state level tests conducted by the state governments need not sit for the OPENMAT test of IGNOU.

The age limit for admission to the management programmes apart from MBA offered by the university has also been removed.

A Master of Business Administration (MBA) is a graduate degree that you can study for through colleges and universities. It initially encompasses a very broad range business management studies, then branches off into more specialized areas such as accounting, marketing or finance from the second year onwards.

It is universally accepted that if you have completed the MBA program, then you have very thorough business training behind you. The harsh reality of the real business world has show that MBA graduates are better equipped to handle the rigors of everyday business than most other business degrees. An MBA is recognized world wide as being a “cut above” an undergraduate business course.

To even gain admittance to an MBA course in India, an applicant must first pass the Common Admission Test (CAT). The CAT is a set examination directed at determining the aptitude of a candidate for business management studies.

Where as the entrance criteria to most college courses is largely established on academic criteria, MBA courses place a lot greater emphasis on work experience, references, personal interviews, community service and non-business interests as well as academic achievements.

The normal MBA degree course covers everything from economics, marketing, international business, finance, information technology management and accounting, right through to government policy and organizational behavior. As MBA’s have become more fashionable it is now possible to find courses specializing in these same fields.