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Manish mba


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Manish mba

  1. 1. HIGHER EDUCATION TRENDS special focus on MBA
  2. 2. <ul><li>Throughout the world there has been a move to mass higher education, associated with greater diversity of institutions and programmes and a large increase in the number and size of universities. </li></ul><ul><li>Expansion of higher education leading to different modes of course delivery. </li></ul><ul><li>All these developments pose challenges for the efficacy of institutional quality controls. </li></ul>INTRODUCTION
  9. 9. CHANGING TRENDS OF MANAGEMENT EDUCATION IN INDIA :- <ul><li>As increase in the number of IIM’s has increased during a course of time. </li></ul><ul><li>Increase in the INTENSE COMPETITION among each other has increased the EFFICIENCY of work. </li></ul><ul><li>Even “GLOBALISATION” and “LIBERALIZATION” has increased the scope of development among the INDIVIDUALS. </li></ul>
  10. 10. Present Scenario <ul><li>Starting with the establishment of 4 Indian Institutes of Management Calcutta (1961), Ahmedabad (1962), Banglore (1973), Lucknow (1984), the setting up of XLRI, Jamshedpur and the offering of full time/part time MBA programmes by some leading universities in the country. Recently and particularly during the last 8-9 years the country has witnessed a tremendous growth in the founding of management institutions most of them in private sector offering management programs in different functional areas of management. Concurrently, there is a mushrooming of B-schools in the country: over 1,700 institutes, of which about 900 are certified by the All India Council for Technical Education (AICTE), leading to issues of quality. </li></ul>
  11. 11. Education in management should have mainly following aims:- <ul><li>Increase the understanding of the factors which influence the conduct of organizations </li></ul><ul><li>Provide students with the tools and techniques that they may use to influence organizational life. Influence the economy in general </li></ul><ul><li>To develop new Entrepreneur </li></ul>
  12. 12. Entrepreneurship defined <ul><li>“Entrepreneurship is the practice of starting new organization, particularly new businesses generally in response to identified opportunities” </li></ul><ul><li>“Willingness to take the risk involved in starting and managing a business” </li></ul><ul><li>“The entrepreneur recognizes and acts upon market opportunities” </li></ul>
  13. 13. <ul><li>Real question to ask is not </li></ul><ul><li>“ is an MBA needed to become an Entrepreneur ? </li></ul><ul><li>(NO), </li></ul><ul><li>but </li></ul><ul><li>Can the MBA help you become a better entrepreneur ? </li></ul><ul><li>(yes, absolutely) </li></ul>
  14. 14. Identify the MBA in You: The Three Step Process <ul><li>Self-assessment </li></ul><ul><li>Self-assessment should be the first step in any major career or life altering decision. Take time to reflect on your experiences, your abilities and your ambitions. Understand your career path; the planning and the timeline required to achieve it. </li></ul>
  15. 15. Define your career path To understand where you see yourself a few years from now, the most important step is to define your career path; what are the choices you plan to make to take charge and further your goals? <ul><li>The Other Side of the Coin: The MBA Life As in all careers, there is a flip side to being an MBA. Though not a huge deterrent, one should know about the life of an MBA as well. </li></ul>
  16. 16. What you are learning in school is analysis. You are being taught tools and techniques. You may have the best analysis in the room. However, if your analysis is not heard and taken seriously, it is of no value. Too often, talented people with the best answers sit in the back of the room while hacks run the show. If you enjoy the view from the back, getting an MBA will not change anything. A MBA degree only works if you are willing to transform yourself. Are you? Management Analysis
  17. 17. What is a MBA? <ul><li>An MBA is a post graduate degree in business communication. MBA stands for Masters of Business Administration and is a very popular course for business students the world over. The MBA program is recognized worldwide and is considered as a major step towards a successful business management career. </li></ul>
  18. 18. Why an MBA? <ul><li>The MBA qualification broadens and enhances knowledge and should be viewed in a sense of building up skills. Although the most popular reasons for undertaking the MBA is to increase salary, other reasons include widening career opportunities, furthering one’s career and/or to extend personal networks. There are other equally important reasons that any prospective MBA student will state, but by far the most compelling is to create career opportunities for oneself. At the end of an MBA programme, one emerges with an upper level of functional managerial and business issues as well as new conceptual skills ready to meet the demands that are set by the competitiveness around us. </li></ul>
  19. 19. Scope of MBA <ul><li>The scope for a MBA graduate is unparalleled. Apart from attractive pay packets and placements being offered at college-level itself, it opens doors to various sectoral opportunities. The Indian Corporate world has seen many MBA professionals occupying top slots in the corporate ladder. </li></ul><ul><li>Apart from Corporate careers, one can opt for entrepreneurship, work in co-operatives, NGO's as the opportunities are literally unlimited. </li></ul>
  20. 20. <ul><li>Even when the industry goes through Recession. MBAs are the first in and among the first out, thereby reaping the benefits of a rising industry and the smartness of exiting to a different industry when the fall happened. This is due to the multi-dimensional, multi-tasking quality an MBA possesses </li></ul>
  21. 21. With an MBA, you can: <ul><li>Advance your career </li></ul><ul><li>Whether you're a doctor, an engineer, or an editor for your local newspaper, a graduate business degree can prepare you to move into a managerial position within your field. </li></ul><ul><li>Change your career </li></ul><ul><li>If your current career path is a less than perfect fit for your aptitudes and interests, business school can give you the opportunity to explore your options, then provide you with the training you need to change careers entirely. </li></ul>
  22. 22. <ul><li>Set up your own business </li></ul><ul><li>Interested in starting your own business but not sure that you have the necessary expertise to launch a start-up in a high-growth industry </li></ul><ul><li>Research has shown that the failure rate for small businesses started by an MBA is about 50 percent less than the standard failure rate. </li></ul><ul><li>Develop technical skill and business </li></ul><ul><li>Knowledge </li></ul><ul><li>MBA programe will put you on the fast-track to career advancement by offering you the chance to develop a wide range of general business knowledge and a broad base of technical skill in a relatively short period of time. </li></ul>
  23. 23. Become a leader in an emerging field Innovative education can lead to an exciting career in a newly emerging field, such as brand management, information technology e-commerce, or mobile telecommunications. Network Networking is another key benefit. Business school teaching styles encourage teamwork and, over the course of an MBA program, you'll develop important relationships that can serve you well throughout your business career
  24. 24. Remuneration <ul><li>Remuneration in the field of management largely depends on the organization structure and nature of work. After doing a course in management, one can expect salary ranging from Rs 8000- Rs10000, at the beginning stage. An MBA degree holder can be offered up to Rs 25000 in the beginning, at multinational companies. IIM graduates are offered decent salary packages, ranging from as high as </li></ul><ul><li>Rs 8 – Rs 12 lakh per annum. </li></ul>
  25. 25. Admission Process <ul><li>Eligibility T he minimum requirements for almost all institutes to seek admission to their Master’s Degree / Post-Graduate Diploma in Management are : · </li></ul><ul><li>A Bachelor’s Degree (or equivalent) in any discipline, with at least 50% aggregate marks (45% for reserved categories)     OR </li></ul><ul><li>Appearing at the final-year examination of a post 10+2 course. of minimum three years’ duration, leading to an award of a Bachelor’s Degree, in any discipline of a statutory university in India (so recognised by the Association of Indian Universities)   OR </li></ul><ul><li>Post-Graduate applicants having at least 50% marks (45% for reserved categories) in either their Bachelor’s or Post-Graduate Degrees. </li></ul><ul><li>Note : Some institutes also require that applicants have 50% at 10th and/or 12th level. Some also have higher eligibility percentages (55-60%) at graduation level. </li></ul>
  26. 26. <ul><li>Prospectus and Application Forms Most institutes advertise in all leading newspapers, indicating where, when and how interested candidates may apply for prospectus and application forms. The Prospectus for various institutes are priced anywhere between Rs. 300/- to Rs. 1000/-. Most of the institutes include the examination fee in this price. However some may ask for additional amount as examination fee. Considering the high cost of appearing for an entrance test, it is advised that students must plan out in advance about which exams they would like to take up seriously and fill up only those forms. Written Test The first phase of selection of candidates for admission to the Masters / Post-Graduate Diploma in Management is on the basis of their performance in a Written Test. This seeks to test the aptitude of the candidates in four major areas - Verbal Ability, Reading Comprehension, Quantitative Ability and Business Data Interpretation. Some institutes also ask Business and General Awareness questions while some may include an essay writing section. Group Discussion & Interview After the entrance exam every institute shortlists candidates for qualitative assessment which mainly includes two stages. </li></ul><ul><li>Group Discussion. Personal Interview. </li></ul>
  27. 27. MBA program types <ul><li>Two-year, Full time MBA </li></ul><ul><li>Part time MBA programs </li></ul><ul><li>Executive MBA programs </li></ul><ul><li>Distance learning </li></ul>
  28. 28. Two-year, Full time MBA <ul><li>Two-year programs are usually four semesters, spread over two academic years, with a three- or four-month break for an internship. The first year includes core courses required of all MBAs. The second year allows for functional specialization (a specific concentration of study and elective courses). </li></ul>
  29. 29. Two-Year, Full-Time Advantages Two-year, full-time programs have several advantages for both career switchers (who change job functions or industries) and career enhancers (who continue in the same job function or industry). These programs provide an opportunity to develop knowledge in a specific discipline, leading to new job skills and prospects. If you are early in your career development, more specialized study may help you to continue in a particular industry or job function and to progress more effectively. This course best suited for freshers
  30. 30. Two-Year, Full-Time Limitations Two-year, full-time programs can be a wonderful experience for people who have well-defined career goals, are ready to spend an extended period of time out of the workforce, and have the resources to pay for such a program. If you do not meet this description, a two-year, full-time program may not be for you. It is a very expensive and time-consuming way to explore what you want to do in the future.
  31. 31. Part time MBA programs <ul><li>Part-time MBA program are designed for working professionals. Most part-time MBAs work full-time during the day and attend classes in the evening. </li></ul><ul><li>Fresher can also do this </li></ul>
  32. 32. Part-Time Advantages <ul><li>Part-time programs are popular among career enhancers (who have a good foundation of experience and want to further their career in a chosen field). They are also good if you already have a network in your field to aid in a job change. </li></ul><ul><li>Work-related real problem can be discussed. </li></ul>
  33. 33. Part-Time Limitations <ul><li>Career services may be limited . </li></ul><ul><li>Do not assume that you can take some MBA courses part-time, then transfer to a full-time or other kind of program </li></ul><ul><li>If you travel or relocate frequently for work, you may have difficulty completing a part-time MBA degree. </li></ul><ul><li>Not suited very well for fresher. </li></ul>
  34. 34. Executive MBA programs <ul><li>(EMBA) programs are geared toward enhancing the careers of working executives, many of whom are company sponsored. These programs are for professionals who are already specialists in a field or industry and need to sharpen their general management skills to continue up the corporate ladder. </li></ul><ul><li>Enrollment is often tied to a new or anticipated promotion. </li></ul><ul><li>Students' professional experience and expertise become part of the fabric of the curriculum. </li></ul><ul><li>Classes typically meet on Fridays and Saturdays, usually on alternate weekends, over two academic years </li></ul>
  35. 35. Executive MBA Advantages <ul><li>They feature a well-constructed curriculum of several courses in each of the major business disciplines. </li></ul><ul><li>They usually do not require permanent relocation, making them good for those who can travel virtually anywhere on a regular basis. </li></ul><ul><li>EMBAs earn their degree in two years or less, faster than their part-time counterparts. </li></ul>
  36. 36. Executive MBA Limitations <ul><li>Most EMBA students put in 80 to 100 hours a week between job and school. </li></ul><ul><li>Employers must agree to give EMBA students time off from work to attend classes. </li></ul><ul><li>Because classroom time can be squeezed into four days per month, absences from class are not tolerated. </li></ul><ul><li>In addition, company-sponsored EMBA students generally do not take part in career services activities to avoid a conflict of interest . </li></ul>
  37. 37. Distance learning <ul><li>Distance learning is the delivery of instruction and the fulfillment of course work from remote locations, allowing instructors and students to interact without being in the same place. New technologies have made distance learning an increasingly popular option for institutions and students alike. The Internet, e-mail, video conferencing, and other interactive systems allow schools to experiment with unique modes of teaching and learning, use resources that do not reside on their own campuses, and attract faculty and students who are far from campus or cannot travel to campus very often </li></ul>
  38. 38. Distance-Learning Advantages <ul><li>Distance-learning programs require less time commitment overall than other types. </li></ul><ul><li>They offer more geographic flexibility. </li></ul><ul><li>They offer exposure to a diverse population of students. </li></ul><ul><li>They offer access to faculty in many different locations. </li></ul><ul><li>Class work can be scheduled around personal and professional commitments </li></ul><ul><li>A distance-learning program will cause little disruption to your professional life. It is a good option for people who seek to enhance their careers or who need specific training </li></ul>
  39. 39. Distance-Learning Limitations <ul><li>Conventional student services, such as career placement, may be limited or nonexistent in a distance-learning program. </li></ul><ul><li>Not many distance-learning programs are available. Choices are limited because the technology and form of learning are relatively new. </li></ul><ul><li>Scholarship money may not be available, because you can work throughout the program and spread your expenses over a longer time period </li></ul><ul><li>Distance learning is not for everyone, because it offers limited contact with fellow classmates and faculty </li></ul>
  40. 40. Top colleges <ul><li>There are two kinds of MBA institutes in India-a handful from which you leave with a pedigree and the vast majority which offer just degrees. In the first category lie the IIMs, XLRI and, to a lesser extent, FMS -- the institutions which pioneered the concept of management education at a time when the IAS was a far more wanted career path. </li></ul><ul><li>In the second lies a vast array of institutes -- the good, the mediocre and the dubious. Evaluating the value proposition in the latter category is the daunting task faced by the majority of MBA aspirants. </li></ul>
  41. 41. Top colleges continue.. <ul><li>Indian Institute of Management or IIM (Its branches are in </li></ul><ul><li>Ahemdabad, </li></ul><ul><li>Calcutta, </li></ul><ul><li>Bangalore, </li></ul><ul><li>Lucknow, </li></ul><ul><li>Indore and Kozhikode), </li></ul><ul><li>XLRI jamshedpur </li></ul>
  42. 42. Top college continue…. <ul><li>Bharati Vidyapeeth University Institute of Management and Research- New Delhi </li></ul><ul><li>Management Development Institute, Gurgaon, </li></ul><ul><li>SP Jain Institute of Management & Research, Mumbai, </li></ul><ul><li>Symbiosis Institute of Management Pune. </li></ul><ul><li>College of Event and Management (C.O.E.M.), Pune </li></ul><ul><li>FMS DELHI </li></ul>
  43. 43. MBA preparations <ul><li>M.B.A, Master of Business Administration is a degree which will never go out of fashion. It is the most coveted profession. Common Admission Test (CAT), is the common entrance exam that you have to take to get admission to the Indian Institute of Management (IIM), at Ahmedabad, Bangalore, Calcutta, Lucknow, Indore, and Kozhikode. Many other institutes like, MICA, Nirma Institute of Management, S.P. Jain Institute, also draw out their candidates based on the performance in CAT. The exam itself consists of four parts which are Verbal Ability, Reading Comprehension, Problem Solving and Data Interpretation </li></ul>
  44. 44. Vision of having MBA <ul><li>Develop graduates with the full complement of technical and managerial competencies who are highly sought after by employers </li></ul><ul><li>Develop managers that understand and leverage the strengths of the industry. Within this context, the student will gain an appreciation for creativity, entrepreneurship, and social and environmental stewardship. </li></ul>
  45. 45. Women and MBA <ul><li>Trends are changing. Men and women are now of similar competitive nature. The job market is impartial to gender with most of the organizations are equal opportunity providers. MBA is a popular program attracting its share of applicants from all over the world irrespective of gender and ethnicity. The proportion of women enrolling in top business schools remains consistently fair. </li></ul>
  46. 46. History will not forgive us if we do not set right the structure, procedural obstacles and political apathy that keeps our youth away from acquiring the right Knowledge & Skills leading to the right career
  47. 47. <ul><li>The future belongs to those who see possibilities before they become obvious. To make India an intellectual capital of the world, we have to rethink about the management education and effort should be made to create a dynamic environment, which can nurture superior quality technical education colleges. </li></ul><ul><li>This paper was an effort to describe the students current management education system </li></ul>
  48. 48. India Can Excel in the Education Services Let all of us work together to make India Pride and Shine
  49. 49. Manish Upadhyay THANK YOU