The Master of Business Administration (MBA) degree has been started to provide the students with sound management knowledge to stand out. The MBA program has specifically been designed for aspirants who are executing the management of the sectors i.e. finance, marketing, etc. or related fields. It is said that an MBA degree is one of the most job provider degrees in the world. If you are planning to pursue an MBA degree abroad, read this to have a clearer picture of this program. Let us get started!
An Overview to MBA
An MBA degree is an advanced education that gives hypothetical and reasonable preparing to help graduates gain a superior comprehension of general business management functions. This degree can have a general concentration or a particular concentration in a variety of fields.
Entry Requirements for an MBA Program
MBA requirements differ from one country to another and from one university to another but a general entry requirement for an MBA degree in the countries like the United Kingdom (UK) is mentioned here:
- A bachelor’s degree
- A minimum of 3 years of full-time work experience
- GMAT (Graduate Management Admission Test)
- IELTS score of at least 6.0-6.5
MBA Courses and Programs
This degree program comes with a vast area of specialization. Working professionals looking to get the highest degree as per their job profile can go for the MBA program. The aspirants can choose the core subject keeping their interest area in mind. Some of the most popular and top-rated core subjects of an MBA program are listed here:
- International Business
- Information Technology (IT)
- Human Resources (HR)
- Oil and Gas
- Supply Chain
- Total Quality Management (TQM)
- Tourism and Hotels
No matter whether you have completed your graduation in arts, humanities, science, or engineering, you are free to choose your MBA program specialization. We have tabulated the top MBA specializations that you can choose to study:
|Top MBA Specialisation Courses|
Modules Taught in an MBA Programs
Modules of an MBA program depend on the specialization you choose to study. However, some sections remain the same. And these general modules include:
- Strategic Management
- Financial Management
- Marketing principles and practice
- Enterprise and Innovation
- Operations Management
- Management Consultancy
- Business Analytics
- Optional Courses like Supply chain management, project management, and corporate finance, etc.
Career Options After MBA
For a student having an MBA degree can choose from multiple options available. Possible job options include the following:
- Brand Manager
- Account Manager
- Marketing Manager
- Management Consultant
- Business Consultant
- Senior Product Manager
- Senior Strategy Manager
- International Business Manager
- Business Technical Consultant
- Marketing Executive
- Business Development Executive
- Senior Vice President
- Chief Executive Officer
Median Salary for MBA Degree Holders
Management is considered one of the highest paying sectors. Hence, the salary is not an issue for the candidates having impressive decision-making skills, leadership qualities, and enthusiasm along with a good academic background.
In India, the initial package for MBA degree holders is around 2-3 lakh INR per annum but the maximum is unlimited. In addition to this, the increment opportunities in this sector are quite good but depending on the capabilities of the candidate, experience, geographical location, type of industry chosen, etc.
Apart from this, the median salary outside India i.e. UK according to the Payscale.com for different MBA profiles have been given in the table below:
|Job Profile||Average Salary Per Annum|
|Business Development Manager||£45,000|
|Chief Executive Officer||£126,482|
Where You Can Work After MBA?
After MBA, opportunities will be endless for you. Some popular employers for the candidates with an MBA degree include the following:
- Edward Jones
- Boston Consulting Group
- Mckinsey and Company
- Goldman Sachs
Top Abroad Universities Offering MBA Degree
An indicative list of popular abroad universities offering different MBA courses and programs include the following:
- University of Oxford, UK
- University of Cambridge, UK
- University of Bath, UK
- Lancaster University, UK
- London Business School, UK
- Macquarie University, Australia
- University of Columbia, Australia
- University of Auckland Business School, New Zealand
- University of Canterbury, New Zealand
Want to study abroad? Contact AEC and get assistance for the countries like UK, Ireland, Australia, Canada, New Zealand, Singapore, and Germany. To find your best-fit university for an MBA program, call us on +91-8448446609 or 011-43334444 or simply write to us at email@example.com.
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