The Educational Institutions are the gardens where the beautiful flowers blossomed always-

beauty of nature, the beauty of human work and achievements and above all the beauty of
character, which is seen on the face. What ever we look like depends on how we have lived,
what we have thought and what we have done.

Education is a channel, a process or a device to develop the potentialities of the individual

to enable him to grow into a decent citizen. Education guides to meet challenges of life with
courage and with humor. In specific, a job-oriented education made the students capable of
seeking a job according to his aptitude, ability and competence. The Master of Business
Administration, one of the professional educations is the best-known management
qualification throughout the world. It can accelerate individual career, prepare him/her for
promotion, and help him/her to have a complete career change.

NEED FOR MBA:

As the environment of organization-including economic, political, competitive, regulatory,

and cultural factors becomes more complex, there is an increased demand for managers
with the necessary skills, understanding, courage, and energy to tackle the difficult
demands facing organizations of all kinds. To be a successful manager, an individual need
skills in decision-making, financial analysis, and interpersonal relationships. He also needs
the ability to apply those skills in a context of constraints, opportunities, and alternatives.
Professional management programs are based on the premise that people can learn to
manage all types of business situations more effectively. MBA programs not only help their
students to develop skills that are highly valued by many employers, but the programs also
present a theoretical context for solving many business problems.

*MBA – YOU:

The purpose of an MBA education is to provide training in the theory and practice of
business management. An MBA is an effective tool to,

o To change your career

o To start your own business
o To gain the competitive edge in a competitive world
o To develop technical expertise and business savvy quickly
o To advance your career
o To gain valuable networking resources
o To enhance your financial position
o To enjoy greater job security
o To enjoy greater job satisfaction and self satisfaction
o To become a leader in an emerging field
o To develop your personality as a whole.

MBA - JOBS:

An MBA with different specialization streams prepares an individual to meet the greater
demands of tomorrow's advanced industrialization. Some examples are given below.

Executive Jobs:
Whether you are seeking CEO jobs, CFO jobs, CIO jobs or other C-level jobs, an MBA is
supreme to a career managing companies.

Management Jobs:

Senior Management job - Senior Management jobs are awarded to candidates and
employees with applicable baccalaureate degrees and a master's degree in business such as
an MBA.

Banking Jobs:

Consumer banking jobs deliver financial services to individual customers.

Commercial banking jobs deliver financial services to businesses.
Human resources jobs manage employee placement, salaries, and training
Bank administration / accounting job - Bank administration / accounting jobs handle the
banks internal operations

Finance Jobs:

Corporate Finance jobs help company find money, grow the business, make acquisitions,
plan for it's financial future and manage any cash on hand
Money Management job - Money Management jobs manage stocks and bonds for
institutional clients and are on the buy side of Wall Street
Insurance jobs help individuals and business manage risk to protect themselves from
catastrophic losses and to anticipate potential risk problems
Real Estate jobs cover field such as title insurance, construction, mortgage banking,
property management, real estate appraisals, brokerage and leasing, and real estate
development

Accounting Jobs:

Public and Managerial Accounting jobs focus on preparing financial statements and
recording business transactions including computing costs and efficiency gains from new
technologies, participating in strategies for mergers and acquisitions, quality management,
developing and using information systems to track financial performance, tax strategy, and
health care benefits management.

Marketing Jobs:

Product Management jobs have responsibilities including marketing and development of

products of all types. Advertising jobs cover every media outlet including newspapers,
magazines, TV, radio, and the Internet. Retailing jobs includes store management, buying,
and merchandising.

CONCLUSION:

A Full-Time MBA costs Rs.2-3 lakhs in B-Schools and around 50000 t0 100000 in university
and affiliated colleges and takes Two Years time duration. For a period of 2 years, MBA
students strive sleeplessly over assignments, presentations, projects, group exercises and
reports. This gives them good grounding for the nature of work they will eventually perform.
Before concluding this article, I would like to mention about the fact of MBA graduates at
present. In the words of Robert Brown, Director of Recruitment and Management of Head
Hunters Grant Thornton " I would venture to say 70 to 80 percent of the MBAs are not
worth considering." In 1999, an article 'Why CEOs Fail by Henry Mintzberg and Joseph
Lampel was published in Fortune. Holders of MBAs ran some 40 percent of the 100 largest
companies. On examining failed CEOS, the authors found 38 had 'flopped' because of 'poor
people skills' or 'bad execution'. (Tasmac Management Review March 2004) Recently
Infosys Chairman and Chief Mentor N.R.Narayana Murthy expressed the opinion that 'our
graduates are ill equipped. India today has over 5.3 million graduates even as industries
face shortage of skilled labour '(Deccan Herald dated 16.1.2006) He also expressed an
opinion that ' 75 pc of engineering graduates are incompetent and unfit to be employed in
IT firms. (Deccan Herald dated 4.1.2006)

So, if you are an MBA aspirant, try answer the question sincerely- 'Is an MBA degree
appropriate for ME?' ' Is the investment made on MBA is related to growing abilities,
developing character, gaining education and training?' Evaluate your alternatives. Include
factors such as the nature of job, job satisfaction and preferred sector of employment. The
critical analysis certainly guides to take a right decision

MBA Abroad: Why Business Schools want Work Experience? Research

has proved that one learns more when he/she interacts with people from varied
backgrounds.

A diverse MBA class is a perfect learning environment and for this reason, Business Schools
prefer students with different cultural, personal, and professional backgrounds. In addition,
team work is critical for success in any MBA program. Most MBA programs consist of case
discussions and group assignments, which call for working in teams. Hence, B-Schools want
candidates who have demonstrated an ability to work well in group setting. More often than
not, work experience provides individuals an opportunity to work in teams, and demonstrate
team work and people skills.

If you are an Asian student, you provide the necessary cultural diversity. Add to this, your
work experience brings the necessary diversity in the collective work experience of the
class. This makes you an attractive applicant to Business Schools. But the problem is that
there are others like you who are applying - applicants from your own country, many with
similar backgrounds and achievements, and they all compete with you.

Having good work experience gives you an edge over the competition. If you have good
work experience, flaunt it. And if your work experience is about average, don’t lose heart,
you can make an average work experience sound better if projected the right way.

However, if you happen to be one of those who are in a hurry to get an MBA and have just
completed your bachelors degree, we recommend that you reconsider your decision. Try
thinking on your own, why should you be chosen over others who have work experience to
show? If you have reasons and are sure they are good enough (such as outstanding
achievements in the field of sports, military, or community service; or exceptional leadership
experience), you could give it a try. Otherwise, get yourself a job, and wait for a few years
before applying.

Work experience is mandatory in most Business Schools across the world. Most business
schools in UK are very strict, they do not provide admission to any candidate with less than
three years of full time work experience.

The schools in US do not have a strict policy. But the competition rules out a chance of
getting admission without work experience, unless of course you have some exceptional
personal achievements to show.

If you would like to discuss your personal profile and case with other MBA aspirants, you can
use the MBA section of the Infozee discussion forums. Your post would be seen not just by
counsellors and existing students, but also by many MBA aspirants just like you:

The Wall Street

Journal

Overall - 7th
Rank

'Top B-Schools
in India' survey
2009
Business World - B School Rankings 2009

Overall - 5th Rank

Placements - 3rd Rank

CSR GHRDC Rankings 2009

Overall - 6th Rank

Super Excellence Category - 5th Rank

Bombay Management Association (BMA)

'Best Management Institute of 2009' award

CSR GHRDC Rankings 2008

Overall - 6th
Placements - 5th
 Outlook 2008
Overall - 5th
Placements - 4th

AIMA - IMRB 2008

Super League (Top 9)

Business World: B-School Rankings 2007

Overall - 8th

Outlook/C-Fore BSchool Rankings 2007

Overall - 8th
Best Governement B-School- 6th

Bombay Management Association 2007

Best Student

All India Management Association (AIMA) 2007

Super League (Top 10)
 CSR-GHRDC B-School Survey 2006
Overall - 5th
Placements - 4th

Outlook BSchool Rankings 2006

Overall - 8th
Placements - 7th

All India Management Association (AIMA) 2006

Super League ( Top 10)

Bombay Management Association (BMA) 2006

Best Management Institute of the year

Outlook BSchool Rankings 2005

Overall - 6th(aggregate points)
Placements - 5th
 BW Cosmode BSchool Rankings 2005
Overall - In the top ten (no specific ranking provided)
Placements - 5th

Outlook BSchool Rankings 2004

Overall - 7th
Placements - 5th

BW Cosmode BSchool Rankings 2004

Overall - 7th

Outlook BSchool Rankings 2003

Overall - 6th
Placements - 6th

BW Cosmode BSchool Rankings 2003

Overall - 5th
Placements - 9th

Business Today Cosmode BSchool Rankings 2002

 Overall - 4th

Business India IMRB BSchool Rankings 2002

Overall - 5th

Outlook CFore BSchool Rankings 2002

Overall - 6th

B-Schools are increasingly roping in a number of younger and lesser-experienced MBA

aspirants.Ross Geraghty delves deeper into this trend while mentioning that it is still advisable to
gain considerable work experience before enrolling for a business programme.

Unlike for most educational courses, for an admission to an MBA course,a minimum of three
years of work experience in a managerial role is crucial. This figure can be higher in some cases.

In rare cases will a institute accept recent graduates. This, too, is done for exceptionally talented
students. There are a few reasons why you need to have experience under your belt before
enrolling for an MBA. Firstly, without experience, you cannot be sure whether you are cut out
for and are genuinely interested in a career in business.

Even if you do then you need to be aware of the field are you best suited for and your long-term
goals.

With the time as well as the financial commitment (some courses cost over US $100,000 if you
factor in the sabbatical from your earnings as well as the costs of the course, relocation and so
on) you will need to be absolutely sure that you are doing the right thing by pursuing an MBA
degree. Additionally, when participating in the case studies and peer group sessions that an MBA
course consists of, you will be able to play a constructive and creative part in the discussions
amongst people who, most likely, have spent quite some time in a managerial position.

Nunzio Quacquarelli, Managing Director of QS is one of the many experts who urge caution
against opting for an MBA without any work experience.

According to him, "Even if you are an exceptional student, and schools are fighting over
themselves to offer you a place in an MBA programme, we advise against this simply because
you won’t be able to extract the most from your experience at the school. You won’t be in a
strong position to know exactly what you want, and to contribute fully to the programme. Thus,
experience is imperative." B-Schools , like the companies who employ MBAs, are also fighting a
‘war for talent’ and are in fierce competition to recruit the best candidates. In this respect,
business schools spend considerable resources tracking down and recruiting the most
appropriately talented individuals.
This equals a higher success rate for their MBA graduates into the world’s top companies,
greater prestige for the school and, ultimately, a positive cycle of excellence the same as any
other business would aspire to, including the opportunity to charge more for the education they
offer.

While your academic background is critical - a good first class degree and a good GMAT score -
it is your personal qualities and work experience that will increase your prospects of being
accepted for an MBA course. During case studies for your marketing module, for instance, you
will need to bring your experience to the table and pass on your knowledge and expertise to your
peers.

The world’s top B-Sschools believe that diversity of work experience, as well as background and
nationality, breeds an atmosphere of international ‘peerlearning’ . You will benefit as much from
your peers as from lecturers while pursuing an MBA.

Statistics from the QS MBA Applicant Research 2007, where almost 5,000 aspiring MBAs were
surveyed, show that the average age of people entering MBA programmes was down to 26.8 on
average in 2007 (25.9 in Asia) compared with 28 in 2005.,

Incidentally, the average work experience among Indians is a little over two years, compared to
the USA where people have a little more than five years of pre-MBA work experience.

Simon Stockley, Dean of the full-time MBA programme at Tanaka Business School at Imperial
College in London concurs, "Though the average experience for an MBA at Tanaka is seven
years, the trend is increasingly moving towards lesser experienced students because people want
to graduate younger and get on with their careers. Since it’s a global marketplace, people feel
that they need to get their MBAs younger and still have time to relocate. However, it is also true
that applicants of the right quality for us are also getting younger."

A career in business may not necessarily prelude to pursuing an MBA, though

chances are that your application will be unsuccessful if you do not have any work
experience.

However, if such is the case and you want to directly gain an admission into
graduate business programmes, a master’s is more likely to be the route for you. If
you’ve had a few years of work experience and you want to move to the next stage,
check then an MBA is definitely what you should be looking at.

You can also personalise your selection of the best business schools in the world,
according to the criteria that are most important to you by searching QS Search and
Scorecard on internet.