Can you describe an MBA

Answer 1

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. 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.

Harish ( Counsellor at MGU)

Answer 2

The following was written by Wharton College Pennsylvania. This should help. Why an MBA The MBA is not an end in itself, but a means to an end. It is a degree designed to give you the ability to develop your career to its fullest potential, at an accelerated pace. What will you get out of an MBA? Aside from a powerful life experience, the MBA degree should supply three main value propositions: Skills, Networks, and Brand. Skills These include the "hard skills" of economics, finance, marketing, operations, management, and accounting, as well as the "soft skills " of leadership, teamwork, ethics, and communication that are so critical for effective management. MBA students acquire these skills inside and outside the classroom. Since MBA programs attract people from very diverse industries and cultures, a program should be able to leverage these differences and translate them into learning opportunities. Networks An MBA degree program offers access to a network of MBA students, alumni, faculty, and business and community leaders. This network can be very useful when beginning a job search, developing a career path, building business relationships in your current career, or pursuing expertise outside your current field. For example, entrepreneurs need access to capital, business partners, vendors, and clients. Arts-related businesses need access to funding and strategic management in order to position themselves to be relevant in the marketplace. Global businesses need access to local business cultures as they expand their enterprises to new territories. Brand The MBA degree is a recognized brand that signifies management and leadership training. The particular school and type of MBA program you attend also have brand associations that can help open doors based on the school's reputation. The strength of a school's brand is based on the program's history, its ability to provide students with technical skills and opportunities for personal growth, and the reach of its alumni and industry network. A powerful brand can give you the flexibility to make changes throughout your career.