1. #1
    Unregistered Guest

    Why MBA?

    Sir,
    I am a B.E graduate and working related to software for 2 years like teaching and developing. I would like to move into Management area like finance or accounts manger. So once i finish MBA what will be my Designation and salary. How can i improve my career in finance area as a fresher.

    And my experience filed and Finance field is different.So How will you take my experience for MBA.

    With Regards,
    S.Ramesh

  2. #2
    MBAExpert is offline Forum Staff MBAExpert is on a distinguished road
    Join Date
    Jul 2011
    Posts
    132

    Re: Why MBA?

    Hello S. Ramesh. Well, a lot of people opt for MBA after completing their bachelorís degree in unrelated subjects like you. Once you complete your MBA in finance as you want then the employment companies will refer to you as MBA in Finance. Your work experience in different field will never hamper your prospects for jobs post MBA in Finance.

    Like any other MBA fresher, you will get opportunities in related fields. Talking about the designation you will get, well, different organizations have different starting designations for MBA pass outs. You can join as MBA fresher in some and in some you might get hired as a manager. The salary part depends on the institute you complete your MBA from. So, do not worry thinking that unrelated subject in graduation will ever hamper your career prospects post you complete your MBA from a reputed business school.

  3. #3
    Neha is offline Senior Member Neha is on a distinguished road
    Join Date
    Sep 2011
    Posts
    1,494

    Re: Why MBA?

    hi S.Ramesh,I appreciate your choice for MBA and i would like to tell you that a no.of students opt for MBA after having their graduation in unrelated streams with finance and they are equally successful as a finance backgroung student.So you need not to worry about that and go for a good institute and your placement will depend upon ur confidence,skills as well as the brand name of your institute. As far as your beginning salary package is concerned,it varies from company to company and your designation or profile.

    So dont pay any attention to ur unrelated background or salary package,just go for your MBA with full determination.My good wishes are with you

    Regards
    Neha

  4. #4
    shyam jaiswal is offline Junior Member shyam jaiswal is on a distinguished road
    Join Date
    Sep 2011
    Posts
    2

    Re: Why MBA?

    Hello friend,you know that every company was handle by management and management related information handling Technic we teach about MBA.So i suggest u to join the MBA in IT field.Thank u,god bless u.

  5. #5
    rupinder is offline Junior Member rupinder is on a distinguished road
    Join Date
    Sep 2011
    Posts
    129

    Re: Why MBA?

    One can excel in areas like finance and accounts despite having studied different subjects in graduation.Infact a lot of engineers are opting for a career in management.Your experience in your field also gets counted.Depending upon the institute pay packages vary and designation is MBA in finance after a course in finance.

  6. #6
    ajay gautam is offline Junior Member ajay gautam is on a distinguished road
    Join Date
    Sep 2011
    Posts
    5

    Re: Why MBA?

    hello my dear friends, Well, a lot of people opt for MBA after completing their bachelorís degree in unrelated subjects like you. Once you complete your MBA in finance as you want then the employment companies will refer to you as MBA in Finance. Your work experience in different field will never hamper your prospects for jobs post MBA in Finance.

    Like any other MBA fresher, you will get opportunities in related fields. Talking about the designation you will get, well, different organizations have different starting designations for MBA pass outs. You can join as MBA fresher in some and in some you might get hired as a manager. The salary part depends on the institute you complete your MBA from. So, do not worry thinking that unrelated subject in graduation will ever hamper your career prospects post you complete your MBA from a reputed business school.

  7. #7
    AlwaysAhead is offline Junior Member AlwaysAhead is on a distinguished road
    Join Date
    Sep 2011
    Posts
    32

    Re: Why MBA?

    Yours is the very good questions because the MBA is the is the course which offers you a real life business studies.
    It will help you to run your own companies too.
    And now lot of companies which will offer you a very good job opportunities in the IT and other companies.
    Lot of government job opportunities is also available so MBA is the best. So that lot of students will prefer MBA.

  8. #8
    vikas2808 is offline Senior Member vikas2808 is on a distinguished road
    Join Date
    Sep 2011
    Posts
    236

    Re: Why MBA?

    hello friendthis is not matter that in which field you have the experiences. if your experience is different from your subject of MBA then you will eligible for company as fresher in that field .but i want to say you that if you can do the MBA from iim or xlri or various good MBA college than you will get a good salary job after it without experiences.also salary depend upon your capabilities it is around 4 lakh to 50 lakh .or if you will not get good package than don;t bother about it .your package will increases after your work experiences in that field.Good Luck

  9. #9
    New Member is offline Senior Member New Member is on a distinguished road
    Join Date
    Sep 2011
    Location
    Himachal Pradesh Nalagarh
    Posts
    1,645

    Re: Why MBA?


    Why MBA well Very nice question.
    And i am interesting to answer this question.
    As you are graduate i hope so your Communication skills and other skills are pretty good.
    But you have to increase these skills more.
    Every company looking for well intelligent person So if you have a Master degree then your chances of getting job will also increases and your pay will also.
    Following things are increased by MBA course to get well settled Job and these are very important.
    Technical knowledge
    Analytical skills
    Client skills
    Leadership skills
    Business skills
    Management skills
    Communication skills
    Relationship skills
    So if you develop these skills then obviously you will get well settled job and also get a high salary.

  10. #10
    itu
    itu is offline Junior Member itu is on a distinguished road
    Join Date
    Sep 2011
    Posts
    116

    Re: Why MBA?

    MBA is a very big platform which always choosed by different stream holder because it always having a lot of opportunities and career development future proficiency.
    as you want to do your MBA with finance then it is good decision.if we talk about your job and salary package that always depend on your proficiency, goal achievement spirit and college what can it provide to you.


    imageshh.jpg
    MBA ???
    -leadership
    -goal oriented

    -team management
    -time management
    -future oriented
    -target achievable
    -innovative

    these all are the skills which make you a master in administration.

  11. #11
    prasad_19in@yahoo.co.in is offline Senior Member prasad_19in@yahoo.co.in is on a distinguished road
    Join Date
    Sep 2011
    Location
    Hyderabad, Andhra Pradesh State
    Posts
    404

    Re: Why MBA?

    Dear Mr S Ramesh,

    Doing a study always one should follow the interest and oneís choice, thatís good when a candidate wants to excel in career.

    When I see your field of study and working experience and wants to take up Financial Field, it is diversified to each like your Technical
    Education in Engineering and Taken up Job in Teaching and Software Development. With your qualification to take up a full-time teaching
    profession in authorised way you must clear NET/SLET exams by UGC/CSIR. As it is you do not want to continue in teaching field and
    Software Development field.

    Further, your Query- Now wants to take up Finance Field. There is no issue in doing the course with the interest but when you want to
    look in the Job Prospects point of view it clichťs. I am frankly speaking it is totally not in positive side. If you are B.Com graduate and
    did your MBA(Finance) in Addition do CA or ICWA course to support your career, it is the actual route for a Financial Professionals.
    But when I see your education none is matching to these skills/career-treeTM .

    So What I suggest you is that, when as it is you want to do MBA better do with specialisation in synchronisation of your Stream of Engineering,
    which will fetch you a job with not much search/options. Few specialisations I would like to suggest for your qualifications and experience:-

    Oil & Gas Management
    Electronic Business Management
    Operations Management
    Project Management & Six Sigma Black Belt
    Information Systems- Management / Marketing
    Information Technology Mgt
    Entrepreneurship & Innovation

    I am sure if you take up any specialisation from the above list would give you thrust to your career progression and opportunities when you
    compare from the present situation.

    Best of LuckÖ

  12. #12
    Taurus47 is offline Senior Member Taurus47 is on a distinguished road
    Join Date
    Sep 2011
    Posts
    207

    Re: Why MBA?

    hi


    MBA
    Doing an MBA course is not as same as doing other degree courses, it is a heavy investment both in terms of time and money, so one should be clear about Why MBA he is choosing as his career option.
    Why people chose MBA degree
    1) A person who wants to set up his own business and wants the basic knowledge and tools to run a business or a person have to take over the running of an existing business is choosing MBA .
    2) The person who want to increase his income rapidly, want to increase his market value.
    3) As MBA is considered as one of the lucrative career professional course so the person who is simply a graduate believes that non- professional graduate courses donít have any marketable value these days , therefore he choose MBA as a career for make himself market worthy. The MBA programme expose you to a wide networking area of subjects and people, giving much experience in the subject area of marketing, finance, operation research etc. some of the comer reasons why people choose MBA are the high pay packages, higher positions in the organisations and the well status life style.


    good luck

  13. #13
    Rahul K is offline Junior Member Rahul K is on a distinguished road
    Join Date
    Sep 2011
    Location
    Uttrakhand, Rishikesh
    Posts
    235

    Re: Why MBA?

    This Question was Interesting !! You have asked Why MBA after completing B.E Degree course because both these are Different !!

    >> So, Then I will Informed you that MBA Stands for Master in Business Administration And To apply for this Programme you need to complete your Graduation degree course in any discipline form a recognised University. So Any stream candidates may opt MBA Course and Make his career bright in Management Field.

    >> So, Please dont think that if you are form Different Background then you can not perform well in MBA Course, If you are Interested to make your career in Finance Field OR in Management Field then please go with MBA Course, And If you Pursuing your MBA Course regular form Top Business Schools then definitely you will get Good Salary package and top Most companies will hire you. So To get good Jobs in depends upon your Knowledge and your Skills, And If you are Really Interested in MBA Course then your Communication Skills should be Powerful, Because Communication is Very Important for MBA Candidates.

    >> This degree basically a Management Degree and After completing this course you will become a future Manager in top Companies and for Performing Managerial Activity you required good Communication skills. So, I hope your Communication skills was Good and If not then try to Improved and then apply for MBA Course.

    >> After completing MBA Finance, you will get good salary package in top Companies, And If your Maths are good then you can opt Finance as your Major Specialization. You can easily handle the Finance Course, And after completing this course you will get jobs as a Accounts Manager, Banking Jobs, Jobs in Capital Market, Stock exchanges, Derivatives Market, Technical Analysist, Fundamental analysist and in all these field you will get high salary package, So please do not worry just choose any specialization according to your Interest.

  14. #14
    HANS RAJ is offline Senior Member HANS RAJ is on a distinguished road
    Join Date
    Sep 2011
    Location
    Himachal Pradesh
    Posts
    497

    Re: Why MBA?

    Hi, MBA is the post graduate degree.afterMBA you can get the job in your own company or any other companies.A Lot of government job opportunities is also available. MBA is the best for quality life and to get a high salary packages in companies. So a lot of students prefer MBA.Good luck!

  15. #15
    sachin6 is offline Junior Member sachin6 is on a distinguished road
    Join Date
    Sep 2011
    Posts
    172

    Re: Why MBA?

    hello friend,

    it is a good question.

    MBA is not only higher studies

    it is a experience,gain knowledge from various things.

    it is a 2years course.

    surely it will give you a very good future.

    do MBA and get a good CAREER.

    for MBA you write MAT/CAT entrance exam

    all the best

  16. #16
    mounika is offline Junior Member mounika is on a distinguished road
    Join Date
    Sep 2011
    Posts
    176

    Re: Why MBA?

    Hi ..

    Here is an example of a company for why MBA ????


    Step 1:
    Apart from the huge salary packages , what is the main reason for you. It could typically be:
    1. Switching career to some other Industry or function
    2. Starting ones own business
    3. Progressing to a higher responsibility in the same industry or function

    Step 2:
    Now once you have answered the above question, take some time and evaluate
    1. Which Industry, role and country you are aiming for.
    I take an example of "Management Consultant in the field of IT in India".

    2. What are your target companies.
    Be clear about this. AdCom may want to understand what kind of companies you are targeting. It should not be list of 100 best IT companies listed on NSE, rather a genuine answer would be a target for 3-4 companies. Also, be realistic and don't try to list top companies like Mckinsey or Booz unless you can justify that.

    3. What the new role means.
    If I'm saying Management Consultancy in IT field, I should be clear about what this role means and what would be the kind of responsibilities. A typical IT management consultant would be doing:
    • Selling (identifying prospective clients etc)
    • Research (Gathering requirements, interviewing clients, evaluating existing solutions etc)
    • Analysis (Gathering data and information)
    • Reporting (preparing proposals, recommendation to client etc)
    • Implementation (project management, documenting team work, IT implementation etc)
    • Administration (Expense report, time tracking)

    Step 3:
    Now one need to evaluate himself to answer the big question of why the above role and industry
    1. Where do you stand today.
    I'm already working as an IT consultant for last XX years and have successfully implemented XX projects at various client locations. I have worked close with client and have displayed some of the qualities required by a IT consultant.

    2. What kind of role you are looking for in the future.
    I'm looking for a role of Management Consultancy, continuing in the same IT field but with a higher responsibility (Can use some crap from 3rd question in Step 2 )

    3. What skills you already posses and what new skills are required.
    A typical way to answer this question would to list all the skills generally required for Management Consultancy and rank myself:
    Technical knowledge - strong
    Analytical skills - strong
    Client skills - basic
    Leadership skills - basic
    Business skills - Nil
    Management skills - Nil
    Communication skills - good
    Relationship skills - basic

    4. The skills, which hindered your performance in the past, MBA can add.
    In my past role, there have been various responsibilities I couldn't take because of lack of a particular skill or knowledge of some tools. A simple way to answer this question would be to compare ones skill-set with the skill-set of a role (may be a senior manager) where he see himself after MBA. Example - I lack knowledge in Pricing concepts, Financial analysis, Business strategy, Project Management, Negotiation skills etc etc etc.

    5. What have you done so far to prove that you are moving towards your career goal.
    I have moved from IT Product based company to IT services based company due to this reason. A list of trainings or programs I attended to add a skillset like client negotiation, Project Management etc. I have chosen to work for a client-site role. The list goes on.

    Step 4:
    An MBA can just lay a foundation for your career goals, but certainly cannot assure to achieve that goal. In most of the cases, one can still achieve his/her goals even without MBA. Don't forget only 38% of the CEOs in US have an MBA degree. So the most important question
    1. If not MBA then what?
    Surely, MBA is not the end of life. If not MBA, then also I would like to achieve my career goal of IT management consultancy. The way would surely be unorganized and time consuming. A typical example would be attending trainings, gaining experience from current role, reading articles and business publications, and choosing a mentor with the role I'm targeting.

    Having said that, I would say MBA is just a means to achieve my goals, a bundled package which would provide me with the skill-set required to accelerate towards the career goal.

    Step 5:
    To justify ones long-term goals, he need to understand what a typical career path would be starting from the responsibility he is looking immediately after MBA.
    1. What is the career progression from the immediate goals?
    If I start as a Management Consultant in IT, a typical career progression would be:
    Associate consultant > Senior consultant > Team lead > Manager > Senior Manager > Associate Partner > Senior Partner > Vice-president > President >
    and so on

    Step 6:
    Last, but not the least. If one has chosen a career goal, he should be aware of the future trends and opportunities in the particular field. After all, there may not be a sense to choose a career which doesn't have much of future demands.
    1. What are the future prospects of the career goal chosen?
    For a management consultant in IT, some facts and figures regarding the future demands. For Example, in India IT services industry net revenue for 2008-09 is $58 billion, supposed to be doubled by 2012 and estimated to be $225 billion by 2020. Brief of few prominent projects and government initiatives would also be helpful.

    By end of Step 4, one would already have a good reason for why MBA. Step 5 and 6 would strengthen the reason and help in getting a more convincing answer if one has chosen a right path for him/her.

  17. #17
    pupun.mishra123 is offline Senior Member pupun.mishra123 is on a distinguished road
    Join Date
    Sep 2011
    Location
    at-jayapurkilla(sidheswarlane),p.o-pipili,dist-puri,pin-752104,orissa
    Posts
    138

    Re: Why MBA?

    Dear friend,
    The Master of Business Administration (MBA or M.B.A.) is a master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out scientific approaches to management. The core courses in the MBA program are designed to introduce students to the various areas of business such as accounting, finance, marketing, human resources, operations management, etc. Students in MBA programs have the option of taking general business courses throughout the program or can select an area of concentration and focus approximately one-fourth of their studies in this subject.


    Good luck

  18. #18
    convertor is offline Senior Member convertor is on a distinguished road
    Join Date
    Oct 2011
    Posts
    536

    Re: Why MBA?

    hello friend,
    mba
    mba stands for master of business administration.
    Mba is a very good course.
    Mba is a 2years course.
    Mba gives you a experienced business knowledge and improving your skills.
    Your communication skills and other skills are improved .
    After completing mba is a very good choice than any other course.
    Prepare well
    all the best

  19. #19
    Join Date
    Nov 2011
    Location
    Karumanchi,GUNTUR,ANDHRA PRADESH,India
    Posts
    116

    Re: Why MBA?

    My dear friend
    MBA-Master of business administration.
    MBA will give lot of knowledge to the candidates who want to start the their own Business.So And one more point is who want grow their own without depend upon others MBA Will help to you.So In MBA we will get all information regarding industry that means if any want start the business need finance so how to arrange this finance own and public that time finance will help you.After collect the finance how to start the business and what are the business rules follow that time entreprenuship and Business law will help you.After than if you want publish your product to the market you need marketing skills on that time marketing management will help you.At the end of financial Year you need to publish your organisation results on that time accounting management will help you.If you want run the business effectively you need good human resource on that time human resource management will help you
    And so many ways the management will help you
    All the best

  20. #20
    banaja is offline Senior Member banaja is on a distinguished road
    Join Date
    Nov 2011
    Posts
    356

    Re: Why MBA?

    Why MBA well Very nice question.
    And i am interesting to answer this question.
    As you are graduate i hope so your Communication skills and other skills are pretty good.
    But you have to increase these skills more.
    Every company looking for well intelligent person So if you have a Master degree then your chances of getting job will also increases and your pay will also.
    Following things are increased by MBA course to get well settled Job and these are very important.
    Technical knowledge
    Analytical skills
    Client skills
    Leadership skills
    Business skills
    Management skills
    Communication skills
    Relationship skills
    So if you develop these skills then obviously you will get well settled job and also get a high salary.

  21. #21
    Asma is offline Junior Member Asma is on a distinguished road
    Join Date
    Mar 2012
    Posts
    310

    Re: Why MBA?

    Dear friend,

    It will be a foolishness if you enter in Management field after having 2 years of experience in your relevant field.

    There are so many good job options in software industry, you just need to work hard to find a suitable job for you. Don't get influenced by others, work passionately and sincerely, success will be yours.

    Good luck
    Asma

  22. #22
    Looser is offline Senior Member Looser is on a distinguished road
    Join Date
    Mar 2012
    Posts
    878

    Re: Why MBA?

    Well, lots of individuals decide on master's degree once finishing their bachelorís degree in unrelated subjects such as you. Once you complete your master's degree in finance as you would like then the utilization firms can talk over with you as master's degree in Finance. Your work expertise in several field can ne'er hamper your prospects for jobs post master's degree in Finance.

    like every alternative master's degree freshman, you'll get opportunities in connected fields. Talking concerning the designation you'll get, well, totally different organizations have different beginning designations for master's degree pass outs. you'll be able to be a part of as master's degree freshman in some and in some you would possibly get employed as a manager. The remuneration half depends on the institute you complete your master's degree from. So, don't worry thinking that unrelated subject in graduation can ever hamper your career prospects post you complete your master's degree from a supposed grad school.
    ,I appreciate your alternative for master's degree and that i would really like to inform you that a no.of students decide on master's degree once having their graduation in unrelated streams with finance and that they area unit equally victorious as a finance backgroung student.So you would like to not worry this and choose an honest institute and your placement can rely upon metropolis confidence,skills yet because the brand of your institute. As so much as your starting remuneration package worries,it varies from company to company and your designation or profile.

    therefore dont pay any attention to metropolis unrelated background or remuneration package,just choose your master's degree with full determination.My sensible desires area unit with you
    Well, lots of individuals decide on master's degree once finishing their bachelorís degree in unrelated subjects such as you. Once you complete your master's degree in finance as you would like then the utilization firms can talk over with you as master's degree in Finance. Your work expertise in several field can ne'er hamper your prospects for jobs post master's degree in Finance.

    Like any alternative master's degree freshman, you'll get opportunities in connected fields. Talking concerning the designation you'll get, well, totally different|completely different} organizations have different beginning designations for master's degree pass outs. you'll be able to be a part of as master's degree freshman in some and in some you would possibly get employed as a manager. The remuneration half depends on the institute you complete your master's degree from. So, don't worry thinking that unrelated subject in graduation can ever hamper your career prospects post you complete your master's degree from a supposed grad school.
    This degree primarily a Management Degree and once finishing this course you'll become a future Manager in prime firms and for activity social control Activity you needed sensible Communication skills. So, I hope your Communication skills was sensible and If not then try and Improved then apply for master's degree Course.

    once finishing master's degree Finance, you'll get sensible remuneration package in prime firms, And If your Maths area unit sensible then you'll be able to prefer Finance as your Major Specialization. you'll be able to simply handle the Finance Course, And once finishing this course you'll get jobs as a Accounts Manager, Banking Jobs, Jobs in Capital Market, Stock exchanges, Derivatives Market, Technical Analysist, elementary analysist and altogether these field you'll get high remuneration package, therefore please don't worry simply select any specialization per your Interest.

  23. #23
    srushti is offline Junior Member srushti is on a distinguished road
    Join Date
    Dec 2012
    Posts
    69

    Re: Why MBA?

    One can excel in areas like finance and accounts despite having studied different subjects in graduation.Infact a lot of engineers are opting for a career in management.Your experience in your field also gets counted.Depending upon the institute pay packages vary and designation is MBA in finance after a course in finance.

  24. #24
    srushti is offline Junior Member srushti is on a distinguished road
    Join Date
    Dec 2012
    Posts
    69

    Re: Why MBA?

    MBA-Master of business administration.
    MBA will give lot of knowledge to the candidates who want to start the their own Business.So And one more point is who want grow their own without depend upon others MBA Will help to you.So In MBA we will get all information regarding industry that means if any want start the business need finance so how to arrange this finance own and public that time finance will help you.After collect the finance how to start the business and what are the business rules follow that time entreprenuship and Business law will help you.After than if you want publish your product to the market you need marketing skills on that time marketing management will help you.At the end of financial Year you need to publish your organisation results on that time accounting management will help you.

+ Reply to Thread

Quick Reply Any Question?

Posting Permissions

  • You may post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts