Planning MBA after Graduation? Here's what you need to know

Not just in India but all across the whole world, millions of people opt for an MBA after graduation, every year. If you are one of them and want to study MBA, to be a genuine manager or want a heavy paycheck, you've landed at the right destination. But are you still swimming in the pool of utter confusion as to where is the starting point and which path is to be taken to achieve greater heights of success? Well you need not worry about any know-hows of MBA, we've got you covered. We made this squinting through mud task easy, if you're planning an MBA after Graduation. Here's what you need to know.

Why MBA?

You can be a new graduate or you could be working. Why should you study MBA? You should take the pains to add two more years of toil because you need an upgrade. MBA is an upgrade in your resume. The perks that an MBA could open for you are huge. It's the primary requirement for getting a management post in a multinational company.

If you want to be a manager in your sector, or if you have a business idea and want to execute it, MBA opens numerous doors for you. Learning the nuances of business, getting access to an extensive business network, and getting a pay raise are all possible if you have a proper MBA Degree.  If you have all this in your mind, get climbing that ladder then. 

Benefits of studying MBA

While studying MBA, you will be taught by experienced professors who will train you to be better at handling diversity than your workplace colleagues. You will learn to manage well, even when your business settings are raging like a war zone. Without an MBA education you will not be subtle in tragic situations.

When you add an MBA to your education, you become more qualified to get promoted and get a raise. You have a better opportunity to get closer to your dream promotion with an MBA than without. But this is subjective, and depends on your efforts as well. 

If you are an entrepreneur with a good business idea, your chances of going ahead and starting that business increases. You could meet potential business partners or people with similar ideas and interests. Your network of business connections will expand.

How to choose your best MBA specialisation?

You've decided that MBA is the best course for you, and you are having strong motivation to pursue it, you have to consider two things while choosing an MBA. First, what specialisation you will take, and the next is what will be your schedule.

There are several specialisations in the field and you will have to choose one that will suit you. If you want to work with a large group of people, go with human resources; if finance is your field, take MBA with financial specialisation; you can also take general MBA courses. Of the long list, here are a few prominent specialisations: general management, human resource, consulting, IT management, operation management, marketing, finance, entrepreneurship, international business, strategic management. Certainly, you must choose your specialisation wisely.

When taking a full time course, one must make sure of covering the finances. There are several reputed institutions that offer MBA,  but choose the one that will work best for you. If you're currently employed, you can take online or part time courses. Online is a good way to go. Nowadays, online courses hold as much value as offline courses.  In fact it's cheaper and more flexible than offline courses.

Cracking the Entrance Exam

The exam for getting into an MBA program abroad is the GMAT exam. In India you will have to crack the CAT/MAT/CET to get into an MBA institute. Now the first question that arises in your mind is "Is it hard to crack?" The answer is "No." These exams aren't the toughest, with little practice you can get through the exam dazzlingly. But that little practice must be consistent and with real effort.

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Practice by working on lots of previous year question papers, and get a thorough understanding of what you should expect. When you reach the exam hall, you must have a good grasp of the expected syllabus. Time is the limitation in these exams, and so make yourself immune to time limitations by preparing well. Clearly, you should be aware of what to expect and have excellent practice.

Get the most from your degree

When you're studying, it will be up to you how much advantage you are going to extract from it. While doing your MBA, none will be pushing you to move forward. You can do just enough to pass without arrears, or you can get top scores, or you can gather stuff for facing the world after graduation. I've just said flagrantly -- preparing to face  the real world, but what is preparing to face the world? To be not just bookworms but also street smarts.

Along with understanding what's being instructed, gain lots of connections. In your campus life you can meet with like minded people. Watch out for good opportunities, of which, you will not be taught, but you must learn. Resolve to get the most out of your degree. 

All institutions have special career development programmes for their students. Make the best out of them. Ask help from such groups and get an idea of what suits you best. After getting a clear idea of what you want, set realistic goals and move forward to achieve them.

Getting placed

You study your MBA for two years, but this doesn't promise placement. Companies don't hire because they see your degree. The process is just arduous, you will have to equip yourself with a lot of practice for the interview. You must face the interviewers, armed to teeth, with what they expect. Interviewers expect a Mr. Big from you. You get through all this, and when you get placed, "congratulations!"

This doesn't make you entitled, every single day you wake up, you will be proving you are worth it. The corporate world is filled to the brim with one thing -- mob of fanatics jockeying for your position. Like we said before, just remember, a degree doesn't mean you are entitled to a fixed job and a great salary. Keep pushing and pursuing your goals. Let's cross our fingers that you will have a successful career.

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