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MBA course guide: All you need to know

Management
Blog Date
October 5,
2023

An MBA is a globally acclaimed degree that empowers individuals with all the skills and competencies needed to successfully navigate through demanding business requirements. The program provides an all-encompassing comprehension of management disciplines, in addition to nurturing the multitude of interpersonal and analytical abilities vital to thrive in the global marketplace. An MBA degree expands your horizons beyond the business world, providing you with intriguing opportunities in the private and public spheres.  

Scope of MBA in today’s world  

The worldwide economy is brimming with job prospects, and an MBA holder can turn them into a rewarding vocation since they have an in-depth grasp of the business landscape and evolving trends. As a result, there is a growing need for this level of education. India has a thriving domestic and international market, along with significant growth in the banking and real estate sectors, which is bound to result in an upsurge in hiring for MBA candidates. As a result, the scope of an MBA expands to multiple sectors, including finance, consulting, operations, marketing, and beyond, offering access to high-ranking jobs, enhanced earning potential, and greater professional credibility. In a world of competitiveness, an MBA is a highly desired credential that enables individuals to make waves in their careers while driving organizational success. 

Why should you do an MBA degree? 

Choosing to pursue an MBA degree is a significant decision that should be based on your individual goals and circumstances. Here are six key points to consider when deciding whether to pursue an MBA: 

 Career advancement: 

 An MBA can provide you with the knowledge, skills, and credentials to advance your career. It often opens doors to higher-level management positions and leadership roles within companies. 

Skill development

MBA programs offer a broad range of business-related courses that can help you develop essential skills in areas such as finance, marketing, strategy, and leadership. These skills are valuable in many industries. 

Networking opportunities

 MBA programs often bring together a diverse group of professionals from various backgrounds and industries. Building a strong network of peers and professors can be invaluable for future career opportunities and collaboration. 

Entrepreneurship

 If you have entrepreneurial aspirations, an MBA can equip you with the knowledge and resources to start and manage your own business. You’ll learn about business planning, financing, and strategy. 

Industry switching

An MBA can be a powerful tool for switching careers or industries. It provides you with transferable skills and knowledge that can help you transition into a new field more smoothly. 

Personal growth and confidence: 

Pursuing an MBA can boost your self-confidence and personal growth. It challenges you to think critically, solve complex problems, and make strategic decisions, which can be applied both in your professional and personal life. 

It’s essential to carefully assess your own career goals, financial situation, and the specific MBA program you are considering determining whether it’s the right choice for you. MBA programs vary in terms of cost, duration, and curriculum, so it’s crucial to research and choose one that aligns with your objectives. 

Who should do an MBA degree? 

An MBA degree can be a valuable pursuit for individuals who meet specific criteria and have certain career aspirations. Here are five types of people who might benefit from pursuing an MBA: 

Early to mid-career professionals: 

Individuals who have some work experience (typically 2-5 years or more) and are looking to accelerate their career growth, transition into leadership roles, or gain specialized business knowledge often find value in an MBA program. 

Career changers

If you are looking to switch industries or pivot your career path, an MBA can provide you with the skills and knowledge needed to make a successful transition into a new field. 

 Entrepreneurs and business owners: 

Aspiring or current entrepreneurs and business owners can benefit from an MBA by gaining a well-rounded understanding of business operations, management, and strategy. This knowledge can be applied to the successful running of their own ventures. 

 Individuals seeking global opportunities: 

MBA programs often offer exposure to international business concepts and opportunities for studying abroad or participating in global projects. This can be appealing to individuals looking for a global career or working in multinational companies. 

Those with leadership ambitions: 

If you have aspirations of taking on leadership or executive positions within your organization, an MBA can provide you with the necessary leadership and strategic skills to excel in these roles. 

Also read: Employers explain why MBA salary packages are so high 

MBA course overview 

Particulars Details 
Course Name MBA (Master of Business Administration) 
Course Level Postgraduate 
Learning modes Regular, distance, and online 
Course Duration 2  years 
Examination Type Semester wise 
Course Eligibility Graduation 
Entrance tests CAT, MAT, XAT, GMAT, etc 
Skills gained Leadership, data analysis, strategic planning, critical thinking, problem solving 
Top recruiters In consulting – McKinsey & Company, Boston Consulting Group), Technology – Google, Amazon), finance – Goldman Sachs, JP Morgan Chase, Healthcare – Johnson & Johnson, Pfizer, and various other industries. 
Top jobs Management Consultant, Marketing Manager, Financial Analyst, Operations Manager, etc 

Online MBA from Manipal University Jaipur (MUJ) 

Online MBA eligibility: 

  • Candidates must have a 10 + 2 + 3-year bachelor’s degree from a recognized university/institution with a minimum of 50% marks in aggregate in graduation (45% for reserved categories). 
  • Candidates must clear Manipal University Jaipur’s online aptitude test as part of the application process. 
  • Candidates with a valid score (40 percentile) from any aptitude test (CAT/MAT/CMAT/XAT/GMAT) need not appear in the above test. 

Also read: Why is an MBA a good choice for students from any graduation background? 

Online MBA duration and fee

Duration – 2 years (4 semesters). This degree can be completed in 4 years. 

Course fee: Online MBA course fee varies by institutions to institutions and based on the specializations. Please check respective MBA course pages or refer their brochures.

Online MBA course curriculum  

Semester 1 Semester 2 Semester 3 Semester 4 
Management Process and Organizational Behavior Production and Operations Management Research Methodology Strategic Management and Business Policy 
Business Communication Financial Management Legal Aspects of Business International Business Management 
Statistics for Management Marketing Management Elective Business Leadership 
Financial & Management Accounting Management Information System  Elective 
Managerial Economics Operations Research   
Human Resource Management Project Management   

Also read: Common doubts about online MBA 

MBA electives offered by Manipal University Jaipur (MUJ) 

Elective Brief Explanation Top Job Roles 
Finance This elective focuses on financial management, investment analysis, risk assessment, and corporate finance. It trains learners in financial preparation, valuation, budgeting, and reporting. Financial Analyst, Investment Banker, Corporate Treasurer, Financial Manager, Risk Manager, Portfolio Manager 
Marketing This elective teaches students about market research, branding, advertising, consumer behavior, and sales management. It covers strategies for product development, pricing, distribution, and promotion. Marketing Manager, Brand Manager, Market Research Analyst, Advertising Manager, Sales Manager, Digital Marketing Specialist 
HRM (Human Resource Management) This elective focuses on managing human resources within organizations. It addresses aspects including employee recruitment, development, and training, evaluating performance, remuneration and perks, and employee relations. HR Manager, Talent Acquisition Specialist, Training and Development Manager, Compensation and Benefits Manager, Employee Relations Specialist, HR Consultant 
Analytics & Data Science This elective deals with data-driven decision-making and the application of statistical and analytical tools. Data visualization, predictive modeling, data mining, and data management are all included. Data Scientist, Business Analyst, Data Analyst, Analytics Manager, Data Engineer, Market Research Analyst 
IT & FinTech This elective combines business management with technology and innovation in the financial sector. It covers topics like IT strategy, digital transformation, financial technology, cybersecurity, and blockchain IT Project Manager, FinTech Consultant, IT Strategy Analyst, Digital Transformation Manager, Cybersecurity Manager, Blockchain Specialist 
Operations Management This elective focuses on effectively managing the production and distribution of goods and services. It encompasses issues such as logistics, supply chain management, quality management, process optimization, and operational planning. Operations Manager, Supply Chain Manager, Logistics Manager, Production Manager, Quality Assurance Improvement Specialist 
International Business This elective deals with the global aspects of business operations. Global market entry techniques, cross-cultural administration, international trade legislation, worldwide supply chain management, and foreign investment are all addressed. International Business Manager, Global Marketing Manager, Export Manager, International Trade Analyst, International Business Consultant, Foreign Investment Analyst 
Information System Management This elective focuses on the integration of information technology and business strategies. It covers topics like database management, enterprise systems, IT governance, cybersecurity, and business process automation.   IT Manager, Systems Analyst, Database Administrator, IT Project Manager, IT Consultant, Cybersecurity Analyst 
Project Management This elective equips students with skills to plan, execute, and manage projects successfully. It covers topics like project planning, risk management, team leadership, project budgeting, and project evaluation. Project Manager, Program Manager, Project Coordinator, Agile Scrum Master, Project Consultant, Risk Manager 
Supply Chain Management This elective focuses on managing the flow of goods, services, and information across the entire supply chain. Procurement, managing inventories, demand projections, logistics, and managing supplier relationships are among the topics covered. Supply Chain Manager, Logistics Manager, Procurement Manager, Demand Planner, Inventory Analyst, Supplier Relationship Manager 
Total Quality Management This elective focuses on improving the quality and efficiency of business processes and operations. It covers topics like quality control, process improvement, customer satisfaction, Six Sigma, and lean management principles. Quality Manager, Process Improvement Specialist, Lean Six Sigma Consultant, Quality Assurance Analyst, Operations Analyst, Continuous Improvement Manager 

Check out: How to choose the right MBA specialization and Most in-demand MBA specializations

Key skills you will learn in an MBA  

Pursuing an online MBA program empowers you with valuable skills that can be leveraged to address day-to-day corporate and managerial challenges, in addition to providing opportunities for personal growth. Let’s take a peek at the skills that MBA grads learn-  

  • Strategic Thinking:  

MBA programs boost strategic thinking skills, allowing participants to analyze complicated business settings, explore possibilities, and formulate effective strategies to accomplish organizational goals. 

  • Leadership and Management: 

MBA programs place a premium on the development of managerial skills, such as the ability to encourage and inspire people, generate sound choices, manage assets effectively, and navigate organizational issues. 

  • Financial Acumen:  

Comprehending financial tools and concepts is essential in businesses. MBA programs give a solid financial foundation by teaching skills, including financial evaluation, budgeting, evaluation of investments, and risk administration. 

  • Data Analysis and Decision-Making:  

With more data available, MBA graduates explore how to deploy analytical strategies and resources to make more educated conclusions. They hone their expertise in statistical evaluation, data interpretation, and data-driven solution-seeking. 

  • Communication and Presentation:  

MBA programs emphasize verbal and written communication abilities, allowing learners to effortlessly articulate convoluted ideas, provide inferences convincingly, and negotiate efficiently. 

  • Entrepreneurship and Innovation:  

Many MBA programs underscore entrepreneurial thinking and train participants to uncover and pursue business prospects. Analyzing market dynamics, devising business plans, and delivering innovative strategies are all part of this. 

Also read: MBA – To do or not to do 

Top jobs you can get after MBA degree 

Below are the top in-demand MBA job roles in India, along with their average salaries: 

Job Role Highest Estimated Salary  
Business Development Manager ₹ 16.0 Lakhs 
Marketing Manager ₹ 22.5 Lakhs 
Financial Analyst ₹ 12.1 Lakhs  
Operations Manager ₹ 19.0 Lakhs 
Product Manager   ₹ 36.0 Lakhs 
Strategy Consultant ₹ 44.9 Lakhs  
Investment Banker ₹ 39.0 Lakhs 
Human Resources Manager ₹ 18.0 Lakhs 
Supply Chain Manager ₹ 28.0 Lakhs 
IT Project Manager ₹ 29.3 Lakhs  

Also read: 10 ways how MBAs shape leaders 

Why prefer Online Manipal for an online MBA  

Pursuing online MBA courses opens doors to a wide range of career opportunities. At Online Manipal, two top-ranked universities are offering online MBAs. The prestigious Manipal Academy of Higher Education (MAHE) offers online MBA for working professionals, while Manipal University Jaipur is offering online MBA that can be pursued by both freshers and working professionals. You can get access to the industry-relevant curriculum taught by distinguished facult members. You will get access to the prestigious MUJ alumni network. Online Manipal also offers placement assistance services, and learners can find the right job opportunity aligned with their career aspirations. After the completion of the online MBA program, learners can also explore job opportunities abroad.  

Also read:  An affordable online MBA that doesn’t break your bank 

Conclusion  

In contemporary times, an MBA degree holds an extensive scope for professionals, giving them an edge in the ever-evolving world of business. It opens up a plethora of employment opportunities for those who crave a career in business management and have an innate knack for it. An online MBA degree through Online Manipal will be an extremely rewarding experience for people who want to advance their careers to leadership and management roles. Enroll in a top MBA program from Manipal University Jaipur or Manipal Academy of Higher Education to begin your journey toward success.

Disclaimer

Information related to companies and external organizations is based on secondary research or the opinion of individual authors and must not be interpreted as the official information shared by the concerned organization.


Additionally, information like fee, eligibility, scholarships, finance options etc. on offerings and programs listed on Online Manipal may change as per the discretion of respective universities so please refer to the respective program page for latest information. Any information provided in blogs is not binding and cannot be taken as final.

  • TAGS
  • Master of Business Administration
  • online degree
  • online education in India
  • Online MBA
  • online MBA courses in India

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