Did you know that according to a report by the Graduate Management Admissions Council (GMAC) approximately 23% of the graduating students in 2018 wanted to pursue higher studies in the genre of banking and finance? The world of finance is evolving and hence the banking sector is full of endless opportunities, especially for those who have an MBA degree. Post-graduation degree in Business administration develops in students develop exception communication, data analysis, time management, teamwork, critical thinking skills along with economic, commercial, and cultural awareness. The above-mentioned skills are highly required in the banking sector and hence MBA degree holders have promising career prospects in banking.
With the advancement of the finance world field and its related technologies more trained professionals in the field of banking, technologies are required to keep the business process running securely. So if you have an interest in businesses finance, accounting, or investment then pursuing an MBA will be a great career move for you.
However, you must also be curious about the career scopes MBA provides you elaborately.
Following are some of the prominent career advantages that an MBA can offer you:
MBA is typically a four-semester program that prepares students for a managerial and advisory position in banks or other financial institutions. This course aims to convert students to skilful banking professionals who can provide innovative banking solutions by understanding the modernization needs and the evolving consumer behaviour trends. MBA pass-outs are trained to build profitable business models, implement automation in the banking procedures, introduce digital payment systems and create a highly secured banking system. A management degree is hence a good choice if you are looking for a professionally successful career.
Unconventional B school interview questions you should prepare for!
“Tell us something about yourself”?
Or
“Describe some of your best achievements”?
Or
“What is your goal after MBA”?
These are some of the mandatory questions that might come to you when you are preparing for your MBA interview. Personal interviews serve various purposes to B schools (Business Schools) and each of them follows a different pattern. For some institutions, interviews act as screening tools while some interviewers sketch down the psychology and personality of prospective students by using an unconventional questionnaire. Some B schools even use interviews for gathering information about the students.
While there are plenty of resources for preparing for the common interview, the unconventional is the most dreadful. Here we have lined down some unconventional categories of questions you must prepare for your B school interviews.
Question about failures:
Look at the below questions:
All these are some unconventional questions you might come across in B school interviews. We all surely prepare for answering questions on achievement, however, we tend to fumble when we are asked about our failures. The interviewer’s motive is not about finding your failures but knowing how you dealt with that episode of your life and what you learned from it.
You will have to handle such questions tactfully. Instead of narrating your fears, you must describe them how you handled your fears, what you learned from those incidents, and how you emerged stronger from them. In this way, you will create an impression that you have dealt with even a discomfiting situation as a positive one. Remember never to pass on the blames of your actions on others, it proves a sense of responsibility.
Questions on Personal Weakness
Refer to these two questions:
Responses to such personal questions too should be answered in a positive tone. You can highlight sharable personal stories of how despite having a personal weakness, you emerged from a situation. However, it would be cleverer if you can highlight instances of situational weakness instead of character weakness.
The motive of your interviewer is to understand whether you will be able to contribute actively throughout the program. He/she will also try to accesses whether you have a clear vision of your future and whether you are confident enough to use your MBA degree for productive purposes in life.
Though an interview is not a mandatory medium for admission to a B school, if you do not present yourself confidently, you might miss your dream school! So keep your chins high and do your interview homework well. Follow these tips and prepare for unconventional B schools' interview questions.
The world today is digitally interconnected and for every business to flourish, the management must be acquainted with international contexts. Organizations hence look for qualified professionals who are trained to ideate strategies and resolve org level issues on a global level. An MBA degree in International Business (IB) trains you in understanding the global economic trends and solve cross-culture problems and also implementing leading global trends in the domestic business for expansion and growth. Apart from ideating and implementing strategies, a student of International business has the scope of traveling abroad to understand cross-culture trends which can aid in the growth of a corporation.
Pursuing MBA in International Business
Pursuing a degree in international business does not need you to be in European or American nations, there are many top-grade colleges in India where you can pursue this course. Typically, MBA in International Business is an extensive two years course in International business that is comprised of a comprehensive combination of both theoretical and practical knowledge that helps students to gain acumen over workplace ethics as well as solve business challenges.
The eligibility criteria are
This course is a great scope for working professionals to augment their careers. Apart from the solid foundation of the management and International business discipline, this course imparts education in Marketing, Finance, and HR.
Career scopes with MBA in International Business
We all pursue higher education to achieve higher ambition and, MBA in International management offers one. Pass outs of IB management are hired by top-tier organizations like Amazon, Apple, Bank of America, Walmart, Cognizant, Capgemini, Deloitte, Wipro, Bharti Airtel, ICICI Bank, Accenture, TCS, BCG, Goldman Sachs, and its contemporaries. Upon completion of the course, the students acquire all the required expertise and subjective knowledge regarding the international market scenarios and contemporary economic trends. They can hence choose from an array of career opportunities in their preferred geographic location.
You will not only have the scope of working for big corporates but also working in association with the government departments. However, if you have a knack for entrepreneurship, your studies in International Business will be your asset as you have a fair understanding of the global financial scenario with acumen in research and analytics. With a degree in International Business, you can achieve any of the following roles.
These are only some opportunities we have mentioned here, you can also explore opportunities like the business manager (domestic and international) or investment-banking manager. As we said there are endless opportunities for exploring, and it is up to you how you are going to explore your skills.
In today’s world, there is an enormous choice of careers to choose from and a plethora of well-educated people to compete with. Finding the right post-graduate program to enroll in often proves to be quite a challenge for students to choose from so many career choices. However, if you have made up your mind to start a business of your own or join your family-owned business then look no further, an MBA is the best fit for you. Pursuing MBA will provide you with the required knowledge, skills, and morals that will help you to fit right in with the business community.
Top Reasons as to why to pursue MBA:
Tips for Excelling in an MBA Program:
The MBA program is a great opportunity to upscale your knowledge of the business world and to pursue valuable skills for a successful career after graduation. But between the links to the completion, there is a certain task that needs to be completed to have a successful career. Below are some tips that will help you excel in the MBA program.
All said and done, if the business is the way forward, there can be no better degree than an MBA. From bringing out effective communication skills to developing business acumen, an MBA degree outclasses most other degrees and helps in developing character and a strong business sense.
In today’s competitive world, it is of utmost importance for MBA graduates to have skills that will enable them to stand out from the crowd. One of the best ways to do this is to pursue a dual specialization MBA program. Such programs offer dual specializations, which are highly desired by recruiters as they look for people who can handle a lot of responsibilities and bring in experience from two different functional areas.
What is Dual Specialization MBA Program?
The dual specialization MBA is a two-year post-graduate program. The program focuses on offering students skills that will help them take up attractive positions in industry, trade, commerce, and other services. The dual specialization MBA program emphasizes on professional skills of the students in various ways. It is done both systematically and creatively to improve business and management practices.
The program offers specific training to students and empowers them to work with self-determination and have an innovative mind. In addition to this, students are equipped with skills that they can use to apply the knowledge they have learned and in general contribute to business and society as a whole. The dual specialization MBA program offers students various career options, like accounting, business technologies, communications, economics, entrepreneurship, finance, marketing, operations management, organizational leadership, etc.
Duration of the Program
The dual specialization MBA is a two-year degree program with equal emphasis on two separate verticals. The program offers a Master’s degree in two different concentrations.
Why should you pursue an MBA?
Below are the top reasons as to why you should consider pursuing an MBA:
Advantages of Dual Specialization in MBA
In conclusion, a dual specialization MBA degree takes the already beneficial MBA program to another level and adds even more advantages to it with a variety of skills, knowledge, business handling capabilities, and many more rewards that help students pursue careers of their choice. Aspiring students need to look no further than a dual specialization MBA for a successful career.
Today, most organizations seek additional qualifications while hiring for technical roles, which are mostly filled by engineers. Organizations scout for employees who have a basic understanding of the business environment and who can lead teams in the future. They also look for leaders who can drive the business initiatives and projects by taking ownership of the tasks assigned to them. These days, management skills have become the key requirements of the organizations that are considered before hiring. Hence, technical skills along with managerial skills are essential to have in your future workplace.
B.Tech graduates students can pursue their MBA degrees either from India or from foreign countries. However, before pursuing an MBA one should clear the standard entrance exams like CAT, MAT. Other entrance exams include XAT, SNAP, GMAT, CMAT, etc. These exams can be challenging and tough nuts to crack but one can clear the entrance exams by early preparations and proper dedication. Once you clear the entrance exams, the institute might call the student for group discussion and personal interview. However, many MBA colleges prefer students who have a minimum of 2-3 years of work experience.
Why should you pursue MBA after Engineering?
Getting into a suitable and technical role is perfect for those who have sound and in-depth technical knowledge. Most engineering professionals dream of working in multi-national companies which one can achieve with the right skills and directions. To reach higher designations in the company it is of utmost importance for one to have managerial skills.
Therefore, to break through from a technical role and smoothly traverse up in their career to fill managerial roles, it makes absolute sense for engineering graduates to get into an MBA program.
Below are the pointers as to why should you pursue MBA after Engineering:
Advantages of Pursuing MBA after B.Tech: