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How an MBA course adds value to a candidate's knowledge?

Enrolling for an MBA course is the best way for the candidate to learn how to build and mould innovative organizations." - Dr. P Chandra, Director, IIM Bangalore

How MBA course adds value to a candidate's knowledge

There are a variety of  MBA course available in India and abroad and the students opting for MBA admission have a varied background. While some go for normal two-year MBA course, those who have little time or are engaged with businesses or jobs opt for Executive MBA course and part-time MBA course. An MBA education broadens and enhances knowledge and should be viewed in a sense of building up skills. It is utilized to find solutions to business issues.

An MBA course imbibe in the students the capability and skills to maximize individual and organizational productivity. An MBA course prepares the students to meet the demands of the marketplace. Dr. P Chandra, Director, IIM Bangalore, says, "Enrolling for an MBA course is the best way for the candidate to learn how to build and mould innovative organizations. An MBA degree teaches the learners how to go about analyzing management techniques and paves the way for building managerial perspectives. It also elucidates how the economy works within a society.

Also the case methodology that is practiced by almost all MBA colleges is a thing that leaves the students with a great understanding of practical management knowledge and solutions. The Case-Method creates a classroom in which students succeed not by simply absorbing facts and theories, but also by exercising the skills of leadership and teamwork in the face of real problems.

In India, MBAcourse is barely 50 years old. MBA Course in India began in the 1950s as a part-time education for practicing executives; only a few universities offered full-time management degrees. In 1961, the Government of India established IIM Calcutta and Ahmedabad in collaboration with the Sloan School of Management, MIT, and the Harvard Business School respectively. A full-time PG degree program of international quality in management was launched at the IIMs in India. By 1990, 82 university-based departments and schools of management were functioning in the country. Post liberalization, MBA education sector saw a massive growth. According to experts, there are close to 1800 MBA colleges operating in all parts of the country at present.

An MBA courses equip the candidates with adequate skills to face the challenges of a corporate career. IIM Ahmedabad graduate Santosh Desai, who's now CEO, Future Brands, says, "The wonderful thing about the MBA course is that one will not just be the manager, but also a creator. I think the most important future challenge would be how you are going to transcend the act of managers. In MBA colleges, you are given the freedom to think and to face the challenges. It will be new because all the things are in you but nothing compels you to think independently as does the good MBA course."

So, the MBA is not just a degree, much more in fact. It helps you find yourself and the capability within.

Former Director of IIM Indore Dr S P Parashar, says, "MBA education is critical for the development of a country. If you look around at the CEOs across the country they are all the alumni of these great Indian MBA institutes. Many academic leaders in top-tier MBA colleges in India are themselves from IIMs."

But some experts believe that the value addition of an MBA course largely depends on the candidate himself. Dr Venkat Ratnam, Director, International Management Institute, says, "Many students go through the same education but the outcome is different in each case. You and I may get admission into the same MBA College for the same course, but the outcome for both of us will not be the same. A candidate's mental makeup makes a lot of difference in what he or she is able to extract."

To enroll yourself into the MBA course, one first needs to go through entrance tests like Common Admission Test (CAT), Xavier Aptitude Test (XAT), Management Aptitude Test (MAT), GMAT and a dozen more similar exams. MBA is also an expensive affair in terms of time and money investment. MBA colleges in India have their own fees structure and most of them have increased it for this academic year.

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Which MBA - 2008: Making the right choice of executive education (19th Edition) Sale Price: $99.99 See Reviews For This Product Description Now in its 19th edition, Which MBA? is the most authoritative and prestigious guide to MBAs and executive education around the world. With an unbiased and detailed assessment of executive education degrees, this book, through its history of solid sales, is firmly established within the trade as one of the best. As with previous editions, there is a focus on different executive education programmes and the skills every future executive will need, but the latest edition includes two new chapters. The first is on MBA themes, including the types of MBA's available, the experience and qualifications student needs, and the practical issues including applications and costs.The second chapter explains the core subjects that make up the MBA curriculum and looks at the soft skills of leadership, what employers are looking for, which schools are renowned in each subject area and the role of the internship and placement within the MBA.

Which MBA?: A Critical Guide to the World's Best MBAs (12th Edition) List Price: $47.00 Sale Price: $35.72 You save: $11.28 (24%)   Eligible for free shipping! Availability: Usually ships in 4 to 6 weeks See Reviews For This Product Description ...Buy Which MBA, of course. The MBA is becoming a business necessity for anyone wanting to explore new career opportunities, accelerate personal development and increase their salary. Taking an MBA isn't a decision that anyone takes lightly; there is too much to consider. How am I going to finance it? how do I choose the right programme? how long will it take? where should I take it? etc. Which MBA? sets out to answer the questions that every prospective MBA student should ask, offering advice and guidance to individuals and organisations in assessing the opportunities available to them. This new edition also covers how business schools are keeping up to speed with the Internet revolution, including the many schools which are setting up incubator units to allow students to implement net companies as part of their course work.

Which MBA? Sale Price: $88.50 See Reviews For This Product

Which MBA?: A study of MBA programs through the eyes of graduates and their employers List Price: $107.00 Sale Price: $83.26 You save: $23.74 (22%)   Eligible for free shipping! Availability: Usually ships in 24 hours See Reviews For This Product Description This study critically reviews MBA programs offered by public and private universities through the eyes of MBA graduates and employers with the aim of assessing student satisfaction and possible gaps between students expertise and knowledge on one hand and employers expectations on the other. This is first serious evaluative study of current MBA programs in Pakistan. The study was conducted through using qualitative and qualitative methods. They study has produced findings relevant to the further development and enhancement of business education in developing countries.

The Economist Magazine (Which MBA, March 31 2010) Sale Price: $14.95 See Reviews For This Product

The Economist Which MBA? Magazine (Our ranking of the world's best MBA programmes, 2010-2011) Sale Price: $19.95 See Reviews For This Product

Which MBA?: Making the Right Choice of Executive Education (Economist Intelligence Unit) List Price: $89.50 Sale Price: $71.00 See Reviews For This Product Description Now in its 18th edition, Which MBA? is the most authoritative and prestigious guide to MBAs and executive education around the world. With an unbiased and detailed assessment of executive education degrees, this book, through its history of solid sales, is firmly established within the trade as one of the best. As with previous editions, there is a focus on different executive education programmes and the skills every future executive will need. In keeping with the changing market, this book reflects the shift from the standard MBA to more flexible options and discusses the delivery method of open and custom programmes with the use of case studies as support. Also included within the executive education element is an additional chapter on what the most popular industry sectors for MBAs to go into is, how important the MBA is to succeed in that particular sector and what particular skills the MBA imparts to help you succeed. As well as senior business executives, the authors have surveyed more than 20,000 students and alumni. Now you can benefit from their collective experience and discover how and where to develop and refine the management skills you need to succeed.