MBA Highly Relevant in a Globalised World

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A Master of Business Administration (MBA) degree is often seen as the stepping stone to a highly successful and fulfilling career in the business world. Demand for MBA program has reached an unprecedented level in India with every year lakhs of students sitting for top management competitive exams like CAT and MAT.  In fact, MBA is a hot topic in India these days fanned by media reports of MBA graduates from top business schools being offered unheard of salary packages. This perhaps makes it the best time to debate whether an MBA degree really lives up to its hype, more so with the proliferation of hundreds of local business schools that now crowd the market.

MBA Highly Relevant in a Globalised World

MBA is a big investment of time and money and gaining entry into top management institutes in the country is anything but easy. The number of applications these top level management institutes receive every year far outstrips the number of seats they have.  You have to work extremely hard with tremendous amount of self- discipline to give yourself a realistic chance of gaining admission in these venerable business schools.

MBA in today’s globalised world

Today’s business landscape is more dynamic, rapidly changing and of course most unpredictable than even before. Flagging economy, tepid job growth, fluctuating markets, change in government’s policies and rapid technological changes has led to growing worldwide competitiveness. This all offers both challenges and opportunities for the business world. To truly succeed in this highly competitive and dynamic business environment, managers must be trained to question the status quo and quickly react to ever changing situations and fluctuations in the marketplace.

And attending a top level business school is the best way for you to develop all those capabilities and competencies required by businesses operating in a highly complex and competitive global market environment. Top quality business schools with their world class infrastructure and top quality faculty drawn from best management institutes offer an unmatched learning experience for future managers. MBA programs in Raipur conducted by top known business schools offer deep insight, expertise and knowledge that is of immediate practical relevance.

It is, however, important to note that not all business schools approach education the same way. In fact, for every top class business school in Raipur or for that matter anywhere else in India, you will find at least ten second-string business schools that are just there in the market to fleece unsuspecting students with tall (and often unfulfilled) promises of top level placement opportunities with big corporations.

Choosing the right business school as such is of utmost importance and should be an integral aspect of your overall MBA application process. Before making a final commitment and wasting your time and money on a frivolous management institutes, it is better to find answers beforehand to questions like: How will you know that the education being promised will prepare you to succeed? Does the institute have a top class faculty which could me hone my managerial skills by encouraging me to think innovatively and move forward with a clear defined purpose and set of goals. As mentioned above, an MBA is a serious investment of time and money. The next question then that automatically arises is how you know the massive investment of time and money will help you achieve your desired career objectives by preparing you well for the next stage in your career. If you are keen on ensuring that the business school you choose offers the perfect match between your skill sets and your career aspirations, you need to carry out some research upfront. It may take some time but in the end you will realise that this was the time well spent.

Well-established business schools in India have students coming from diverse background and culture. You will also find a few foreign students as well in these management institutes. This diversity exposes individuals to different opinions and school of thoughts, in the process expanding their horizons and helping them assimilate in business world marked by economic liberalization and blurring boundaries.

MBA Programs without GMAT

GMAT stands for Graduate Management Admission Test). Developed by Graduate Management Admission Council (GMAC), it is a 3½-hour standardized exam designed to predict how test takers will perform academically in MBA (Masters in Business Administration) programs.  About 70 per cent of graduate business schools around the world require GMAT scores for admission, though there are other quality business schools that also offer admission based on GRE General Test scores

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