MBA Entrance Exam 2020-21
What is an MBA?
MBA is masters in business administration, it is done in multiple fields of specialization like HR, Marketing, Finance and other areas. It is a course which teaches how to manage businesses and business processes.
Which are the top MBA institutes in India?
Top MBA institutes in India are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, VGSOM IIT Kharagpur, IIM Kozhikode, IIM Indore, Department of Management studies- IIT Delhi, XLRI- Xavier School of Management, MDI Gurgaon - Development studies.
Which are the key MBA entrance exams?
The top MBA entrance exams are CAT, XAT, SNAP, IBSAT, MAT, NMAT, CMAT, IIFT, MAH CET.
The full form of:
- CAT is Common admission test
- XAT is Xavier aptitude test
- MAT is Management aptitude test
- IBSAT is IBS aptitude test
- SNAP is Symbiosis national aptitude test
- NMAT is NMIMS management aptitude test
- CMAT is Common management admission test
- IIFT is Indian institute of foreign trade
- MAH CET is Maharashtra common entrance test
What is GD and PI in MBA entrance?
GD is group discussion and PI is personal interview, this is a process, which happens after you have cleared an MBA entrance test like CAT. This is conducted by specific institutes, once they shortlist you based on your CAT score.
How are the employment possibilities after pursuing an MBA?
It depends on the reputation of the college and your academic record. A fresh management graduate could get a package ranging from Rs 1,20,000 per annum to Rs 20 lakh per annum. Many foreign companies even provide jobs up to 40 lakhs per annum to IIM, XLRI, FMS, pass-outs.
Would it be the right career option for me?
Before applying for an MBA course, each student should ask himself whether this field is suitable for him. If one wants to pursue a management profile, one should appear for an MBA entrance exam. If you enjoy learning about business management, costing-budgeting, economics, behavior, organizational behavior, marketing, product management, and professional and personal relationship, only then should proceed with it.
How to prepare for an MBA?
MBA is a postgraduate course, but its preparation should start from the school days itself. For this, skills like reading, analysis, logical reasoning, data interpretation, vocabulary, general knowledge should start developing in themselves.
Apart from this, those wishing to pursue an MBA should choose one of the various specializations available in it, such as Marketing, Finance, HR, Crisis Management, etc., and start their studies.
MBA studies are expensive. Is there any bank that offers a loan for it?
You can take an education loan from various banks, and if you are a working professional, your company can also sponsor your education. State Bank of India, Allahabad Bank, State Bank of Mysore, Bank of Baroda are some of the banks offering education loans. In addition to tuition fees, this loan includes library fees, additional books, travel expenses, etc. These days various NGOs, corporate houses, government bodies, and charitable trusts also provide financial help to deserving capable students