By Emdi Iyer.
MBA Finance
The role of a skilled manager is undeniable in the modern world of business. It is a post graduate degree for people who are interested in the business and its management. The course mainly focuses on honing the knowledge and skills required to run a business successfully. The course not just introduces the students to the general management perspectives but provides total exposure to management practices all over the world. There is an ever growing need for skilled MBAs in every type of business. Sparing time to pursue education is not possible for everyone and the problem has been taken care by the online programs. The online MBA programs are well structured and flexible that an aspirant can pursue it without disturbing his career. It is the most cost effective way to continue education.
Just as there are various aspects to the business, so do the specializations. Depending on one’s interest the type of MBA can be chosen. MBA degrees are offered with many different specializations like the MBA (IT), MBA (retail) and MBA (Marketing) and so on. A MBA in finance is one such degree which offers to be of a valuable resource in any industry and is recession proof. It is also the most popular of all the types of MBA offered as it is the highest package earner. However small or big a business is it would need the skilled finance and accounting personnel to take care and make the right decisions about the financial aspects.
Graduates from any stream with a specified minimum score can apply and take it up as a career option. It is all about accounts and they become specialists in the corporate finance, investment banking, and international finance just to name a few. Finance manager or financial analyst has a very important role to play in shaping the business development and strategic planning of a company with his reports of financial analysis. Their highly specialized knowledge helps an organization to reduce risks and maximize their profitability.
Masters diploma in business administration (Finance) is a course with 4 semesters of 6 months each. Typically in every semester there are a few compulsory subjects and some optional subjects. Number of subjects, related to finance and accounting are taught, including case studies which form a very strong foundation to the teaching methodology. The course content is mostly classical and current business trends with total exposure to the latest business strategies providing students with a competitive edge in the cut throat aggressive world.
A sneek peek into the subjects taught at business administration (Finance) school is:
- Management of Financial Institutions
- Public Investment Planning and Pricing
- Financial Statement Analysis
- Strategic Management
- Foundation to Management
- Human Resource Management
A comprehensive incorporation of relevant subjects and disciplines is the main aim of a MBA program with appropriate weight-age to the analytical as well as the quantitative approach. It is a professional preparation to take decision in a structured manner beneficial for the company which hires them. There are many MBA finance online programs available to enhance ones professional edge.
Marketing MBA
The most popular career option today is marketing MBA. There is lot of argument about the criticality of the type of MBA. There is fierce competition between the finance and the marketing MBA. Some are of the opinion that marketing is far more important than finance since finance is also dependent on good marketing strategies which brings in lot of business. For the success of any business, marketing is an essential arm without undermining the importance of the finance. In the initial stages all the MBAs start with comparable pay packets. Value addition in the form of additional qualifications may be required in certain types of MBAs to facilitate discharge of their duties. Marketing MBA is one such type of MBA where experience is enough to take the person into higher rungs professionally.
The fetish for a MBA degree has increased multifold and with the advent of online programs it has caught up like wild fire. Any MBA program aims at providing the latest concepts required to sharpen the skills of the professionals of management. The question is, which MBA to pursue? It is not just the pay packet which one has to concentrate on; but the aptitude of the person, which plays a significant role as well. The right aptitude can make a person reach great heights.
It is a post graduate degree which students with a basic graduate degree in any stream can study. Usually the admission process and the basic requirements vary from university to university. The online learning is a new trend which is flexible than an on campus program. People these days do not have the time required to attend the conventional campus learning schedules. The online method of pursuing MBA has brought a lot of comfort for those aspiring to enhance their educational qualification while still in a job. In general a bachelor’s degree with a year’s experience is the admission criteria. It is a program divided into 4 semesters, each of 6 months duration. The course content is designed in a way to expose them to national as well as the international marketing management practices.
The course content of each semester is structured in such a way that it has few compulsory and a few optional subjects. They are all related to the marketing trends and strategies which are useful to improve business. Here is a preview of some of the subjects taught at a B-school empowering the marketing MBA pupil with required tools and knowledge.
- Principles of Management
- Business Environment
- Brand Management
- Strategic Management & Entrepreneurship
- Business Laws
- ConsumerBehavior
The distance learning option has increased the competent cadre of business executives to handle the domestic as well as the international markets skillfully. A degree in marketing MBA is a structural preparation to increase the capacity to make the right decisions on behalf of the company as and when required. The right kind of education always provides the professional edge. It is wise to use the opportunities provided by the e-learning facility.
MBA in Human Resources
Human resource, a powerful tool in the development of business, was forgotten until recent times. Human resource or the main work force was not paid enough attention. The human beings working in company are the very back bone of the business. The realization of the fact has thrown enough light in the direction and educational programs have been developed to build the right kind of skills to deal with the work force of a company.
Human resource is one of the types of MBAs which has an excellent edge in the Job market. Human resource development is one of the most important parts of a company which functions well. A human resource executive is like an interface between the employees and the management. HR itself in further divided into training, recruitment and labor relations. Each area is in itself a specialized field. The HR manager responsible for recruiting is trained to pick up the right people for the company. He is saddled with many responsibilities like bringing the recruits to the required mark by designing the right kind of training programs which comply with the general requirements of the company.
The need for an MBA is increasing by the day. Companies now-a-days are trying to pick up people from a more educated pool. A degree in business administration has gained lot of importance over the years. To become a member of the talent pool and to get picked up by the most reputable companies one has to invest in the right kind of education. MBA is one such degree which catapult ones career and opens new doors. A management level career is a dream for many and it can be achieved by enrolling oneself into the MBA program. The new trend in the world of education is the e-learning or the online option. It is flexible and allows a student to continue whatever he was otherwise doing. One can acquire master’s degree in the business administration while working.
The basic requirement to purse a degree in MBA human relations is a bachelor’s degree in any stream. It is good to choose the type of MBA depending on one’s aptitude. There are many different types of MBA programs as are the departments of any large business establishment. Sales, finance, human resource, marketing are some of the types. Investing in the right kind of education is not possible for everyone as it costs. Very few know that financial aid and scholarships are available for the MBA programs online too.
The duration of the whole course is two years divided into 4 semesters. The pace of the course can be increased or reduced depending on the rules of the college. At times the student gets to decide the pace. There are a number of universities which offer online MBA in human resource.
Just as is the case in any MBA course there are a few compulsory and optional subjects relevant to the human resource development. An intelligent incorporation of the subjects is done to provide the maximum benefit to the students. Some of the common and specialized subjects are:
- Accounting
- Operations management
- Business strategy
- Behavioral Sciences
- Human Resources Management
The new opportunity provided by the online MBA in human resources gives a competitive edge to people who wish to excel in the field of human resource.
MBA in IT
Information Technology is the latest trend of life and no area has been left untouched by it. It has seeped deep into the lives of normal man so one can imagine the depth of penetration into the world of business. Every facet of business has been affected by the Information Technology. The growth of information technology as a business tool has risen to tremendous heights. Just as in any other business the IT industry also needs the expert handling of business related issues. There is a well defined role for a MBA in IT industry which has been recognized and a curriculum has been set up to suit the role such a manager has to play.
The MBA in IT has been designed to develop the skills required to increase the competitiveness of business. The choice of MBA in IT provides opportunities in the IT and ITES sectors. The value of a MBA with IT management emphasized is incredible. It prepares a student to take up middle to upper levels of IT management positions in different kinds of settings. It is more for the IT professional who wish to climb up to a higher rung. They need the credentials to do so. There are others who wish for in-depth knowledge about management of business IT skills.
There are various online MBA programs can be studied at the students own pace. They are very well structured and flexible allowing a potential student to pursue without giving up whatever he had been doing otherwise. The online option is inexpensive and there are various scholarships and financial assistance available. It is very rare that an MBA would not find a job and is also not hit by the recession. The ever increasing dominance of information technology has given birth to the requirement of MBA in IT as a career option.
It is mainly for those with some experience in the field of Information Technology. After a careful scanning of the various domains of study, the course content has been designed to provide the skills and knowledge for efficient discharge of duties. Assignments and projects are to be completed as a part of the course. The excellent teaching methodology and the intelligent curriculum put together bring out managers of international quality. Some of the domains of study are:
- Information Technology Management
- Creating and Maintaining Business Values
- Leading People and Teams
- Products and Customer Relationship Management
Just like any other MBA it has 4 semesters of 6 months each and those who have at least years of experience in the significant field after a bachelor’s degree. To enroll into some colleges the candidate may have to take a short online test. While considering the online MBA program the credibility of the degree is of great importance. The key indicator is the accreditation of the university. Make a careful choice to improve the credibility of the degree acquired after spending valuable time and money. It gives a professional the required edge to push the career forward.
