Which is accurate for you: Masters or MBA?

 Which is accurate for you: Masters or MBA?

Any advanced degree to upgrade qualification is like an investment. These degrees can help to increase your level of confidence as well as built up your corporate ladder. Having a degree like masters or MBA will energise the professional worth of a student. In addition, two of the degrees are costly with respect to time, cost as well as labour. 

The difference between Masters and MBA

Understanding the difference between the two is important.

1. Coverage of Course

MBA or Master of Business Administration is huge and multi- faceted and provides a business degree that enclose fields of studies like finance, human resources, management, sales, strategy and many more. The MBA is a normal graduate level degree to learn skills to take care of a business. The entire syllabus is based on the development of management as well as leadership skills.

On the other hand, a degree in Master’s is an option which sets a goal to impart mastery over a particular subject of your choice. In addition, this degree is for pursuing specialisation in a particular subject like finance, engineering, education and many more. This way of study will help the student to gain skill in a specific subject.

2. Experience of Work

This is formed where it meets the need of a professional who is working. A good business school will need 3 to 5 years minimum experience of work for admission to a MBA program. This degree of Master’s is open to graduates so it can be applied without any experiences. 

3. Duration of Course and Cost

The Master’s degree can be acquired in 1 to 2 years whereas MBA requires minimum of 2 years to complete the course. On the other hand, there are few MBA courses of 1 year. One can choose programs like full-time, part-time as well as Executive MBA.

The cost for pursuing a MBA degree is more compared to that of Master’s.

4. Geographies

For Master’s there are different options to study abroad like in UK, Singapore, Europe, Canada and US. 

UK has been a home for many MBA aspirants as there are top B-schools. One can go abroad to study MBA but it is not inexpensive.

5. Structure of Course

The Master’s degree is mainly based on theory, regular classes take place and thesis as well as research options are also present. Moreover, some universities imparts Ph.D. 

MBA is a terminal program which is based on experimental learning. That is why the structure of the course add case-based learning, seminars, group projects and challenges funded by institute.

6. Choosing between MBA and Masters 

The choice is totally depend on the student whether he or she will pursue MBA or Master’s for his or her next academic milestone. Both the degrees are excellent. One should ensure that they have to fulfil their requirements of eligibility and work experience. 

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Why to go for MBA?

 Why to go for MBA?

Now -a-days the demand for people who can understand the business very well and can manage it properly is increasing. Huge companies are looking for these type of people. And the most popular degree which teach all about Business and its management is MBA (MBA). The degree focuses on the skills required for business management  , personality development , and knowledge development of the students.

There are various reasons one should opt for MBA course:

• Potentially Lucrative Packages:

The students who have done MBA and have the corresponding degree gets placement or job opportunity of high package or a package absolutely better than other degree students. The average salary or MBA students is Rs. 700000 per annum or much better than this.

 

• Internationally Acknowledged Qualifications:

The students with the MBA degree are mostly given good position in company unlike other degree. Also this is very well known internationally and helps too much for student looking for great opportunity in private sector. 

• Expanded Career Prospects:

MBA students can have many option of job like Human resources, information systems, finance, statistics,  economics, etc With experience in the business field the salary also increases and more opportunities are opened for them. 

• Reputation & Recognition:

The degree has its own reputation in the market. People with MBA degree are trusted by the company very easily and the degree is recognized worldwide.

• Improved Communication Skills:

As the course syllabus is all about the skills used in business and communication skill is one of the most important part of business management so it boosts this skill of students and hence making them more professional in that which ultimately helps students in getting good job.

• Great Learning Opportunities:

This is surely a great learning opportunity for all students who are not getting a good salary and are not satisfied with their job and want further good opportunities can go for it.

• Personal Growth & Development:

Students opting for MBA develop various skills which does not only affect the academics of the students but also grows them personally as human. 

• Suitable for Networking:

When a student enroll for MBA course, they get to interact with people like businessmen, growing entrepreneurs,  speakers, recruiting, these interactions help students in building up their network with different people.

• Learn from Your Comfort:

MBA is a very flexible degree , it can also be opted by those people who are already doing any kind of job. These program can be part time, full time or online. Any of these option can be chosen from the above mentioned.

• Establish Your Empire:

All the skills taught under the course are so effective that they can help in making a person self reliable to establish their own business. The help in making students entrepreneur and starting up with new career and holding good position.

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Why Dentists Are Pursuing MBAs?

 Why Dentists Are Pursuing MBAs?

Studying an MBA could be the best option if you're a healthcare specialist wishing to increase your commercial knowledge and managerial abilities.

Finding managerial and consulting positions, as well as work involving data and technology, may become available to you if you acquire critical MBA abilities.

The HKU MBA: Why?

Ms. Neeladri gained a variety of technical and practical dentistry skills throughout her three years of employment at Clove Dental, India's largest corporate dental chain, after receiving her dental licence. To broaden her knowledge and view of business, she made the decision to obtain an MBA.

She was eager to study the business frameworks and management techniques that could be applied to address numerous systemic issues in the healthcare sector.

Neeladri wanted to study in a varied business hub like Hong Kong because she felt that she hadn't had much opportunity to network or discover the business world.

She'd have the chance to study specialist tracks in London, New York, and China, giving her the chance to interact with both Eastern and Western business cultures firsthand. According to Neeladri, attending London Business School was a wonderful experience that exposed her to a wide range of individuals and their approaches to and methods for resolving issues.

Ms. Sangeeta began her professional life in India as a dental specialist. She enrolled in the HKU MBA to network with experts from other countries and businesses; 98% of the cohort at the HKU MBA are foreigners.

She adds that having such a broad mix of classmates made for a stimulating and priceless learning experience.

Enrolling gave Sangeeta the chance to learn vital skills that would enable her to make the adjustments she thought were required in the healthcare sector in the post-pandemic era.

Utilising the abilities acquired during the HKU MBA

As a healthcare practitioner pursuing an MBA, you can develop a variety of transferrable skills that will enable you to combine your medical knowledge with managerial prowess and business savvy. Developing these talents, in Neeladri's opinion, was a programme high point.

The similarities between consulting and dentistry—seeing a client, determining the issue, and discussing solutions—became more apparent to her as she progressed through the curriculum, she adds.

To focus on their interests, MBA students at HKU can select electives. Business technology and innovation, strategy and consulting, managing in China and Asia, or marketing and general management are all available as electives.

Real-world business examples from various industries that reflect the quickly altering business landscape are also taught by faculty using an experiential learning approach. Neeladri claims that this aided her in making the shift from the hierarchical structure of dentistry to working as a team to discover solutions.

Sangeeta has the fundamental abilities in communication and teamwork because of her prior experience managing a clinic.

She took classes like Artificial Intelligence for Business Leaders and Big Data Consumer Analytics while enrolled in the HKU MBA, which gave her a solid foundation to start in a new position after graduation.

In her position, she says she uses the quantitative analysis, forecasting, and modelling abilities she acquired on a daily basis.

Gaining access to new opportunities and having an impact on the healthcare sector

The healthcare business offers a wide range of unique industries and opportunities for career advancement. Both Sangeeta and Neeladri learned about fascinating new challenges as a result of studying the HKU MBA.

Since completing the programme, Sangeeta has worked as a project manager overseeing health technology research and collaborating with prestigious universities to put into practise techniques for dental healthcare professionals using digital learning and Artificial Intelligence (AI).

According to Sangeeta, attending the MBA programme gave me the bravery and confidence to bring about change, both in my professional life and hopefully in the future of dental care as well.

She claims that without the HKU MBA, she wouldn't have had the in-depth technological knowledge necessary to excel in the position.

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MAH MBA CET Exams from 23rd August

 MAH MBA CET Exams from 23rd August

The MAH MBA CET 2022 exam is a state level exam which allow various students to enroll them for post graduation course MBA. A large number of students apply for the exam to get into colleges providing the MBA professional course under the State Universities.

The exam is going to start from the coming Tuesday that is from 23 August and will continue on 24 and 25 August . It will be a computer based online exam and will be conducted at different centers in Maharashtra state. Since only a few days are remaining for the entrance exam , this is time for the students to do last minutes preparation to revise all the concepts related to the syllabus of the exam. Student now should memorize all the formulas and the high weightage topics and appear for the mock test to find where they lag .

The admit card of the MAH MBA CET is already released and students can download their admit card from the official website.

TIPS FOR SUCCEEDING IN THE EXAM:

• Giving Mock Test:

Mock tests can definitely help students to know their weak and strong points and it gives basic idea of how to study and how to strengthen the weak point can be determined by properly analyzing the  mock test and notes out of these mock test. Hence will help students getting good scores in the exam.

• Time Management :

Since, while giving the exam time runs very fast so students, must practice to complete paper on time so that there is no regret about it . Students must divide the time allocated into different sections so that they don’t waste their whole time in one single section .Keeping an eye on the time and managing time properly during exam can boost up the score level.

• Focus on Health :

It is very often seen that that when exams arrive students miss there meal and do not focus n their food and health and due to that are  they suffer with problems like headache, fatigue and hence their scores can get affected in such situation so One should always keep in mind that health is very important and directly or indirectly affect scores of students.

• Read the question properly before answering it:

It is observed many times that few students in hurry do not read question properly while attempting it and mark wrong answer even after knowing the answers so, Student must keep in mind that reading the full  question and then attempting it is an important factor. 

These were some tips which can benefits the students appearing for the exam and do not make silly mistakes and also help them score well in their paper. 

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HOW TO CHOOSE THE RIGHT CAREER MBA vs MID

 HOW TO CHOOSE THE RIGHT CAREER MBA vs MID

The distribution industries have to go through a lot of problems on daily basis . These problems can range from difficulty in looking for skilled workers,  sometimes the industry deals with problem due to delay in shipment arrival  , daily growing of the prices, problems related to the logistics. These problem can lead to slow down of the development industries and can also affect it’s survival.

The development leaders therefore, look for the ways by which these problem can be tackled for the industry. The best way to overcome these problem is to educate the employees and themselves too ,which can help the industry in the long run. This way can also make the employees feel skilled and developed everyday and hence can help in the industrial growth.

The best two relevant education for the development industry are Master of Business Administration (MBA) and Master of Industrial Distribution (MID) both of these can contribute to the professional skills of the employees. The various factors which is needed to be concerned before having right choice are:

• The education level of employees

• The expectations from the education provided

• Any already acquired skill certification or degree

MBA focuses more on how to operate a business and it’s management whereas, MID is a high level professional course which is more oriented towards practical knowledge in the industry.

MORE ABOUT MID COURSE:

Master of Industrial Distribution (MID) is highly professional course which specializes candidates into the field of industry.

It deals with practical knowledge about dealing in the industry and industrial development and this degree syllabus is designed such a way that it gives full time working experience to the students into the industry.

The syllabus of the MID course revolves all around management of the supply chain, making profit in industry, logistics. This kind of syllabus not only help in industrial development but also teach students to have critical thinking , decision making and ways to overcome business challenges.

 The various roles under the specialization degree are not only up to the following mentioned roles:

• Project Managers/Engineers

• Regional, Branch, District and Area Manager

• Operations Managers

• Supply Chain Managers

• Account Managers

Although MBA is another demanding courses  but it does not provide any specialization and can be helpful in gaining knowledge about business management and learning about how to operate business .

MORE ABOUT MBA COURSE:

As mentioned earlier, Master of Business Administration (MBA) is not a specialized degree but provides knowledge about the business operations and management role in the business.

But it is important to know that though MID is specialized course and MBA is not ,but the pre-requisite for taking MID course is MBA only so one need to have knowledge about business management then it will be much better to go for such professional course.

MBA gives experience to work with the industry and to co –operate with the business team and management of business ,taking crucial decisions , handling business in critical times and etc, this experience can truly glow the whole career of a person.

WHICH ONE IS BETTER MBA VS MID?

Both the courses are great, each course has it’s own benefit and hence it is on individuals what they find good for themselves. If they want to know more about management of Business they should definitely opt for MBA which give them full hands on experience in business whereas If one wants to gain deep knowledge in the field of industrial development , then opting for the MID is best choice which provides the professional skills.

The A&M University at Texas provides both the courses in their curriculum , providing best education in both the courses , however it is on the students where they want their destination to be . The University provides complete roadmap for the students to make their career in the industrial or business stream.

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IIT-D will follow IIMs A, B, and C

 IIT-D will follow IIMs A, B, and C

The Department of Management Studies (DMS) at IIT Delhi has been ranked the fourth best management school in India in the National Institute Ranking Framework (NIRF) "India Rankings 2022: Management"—better than most IIMs, including some legacy IIMs like IIM Lucknow, IIM Kozhikode, and IIM Indore, and better than all private business schools, including XLRI Jamshedpur, NITIE Mumbai, and MDI Gurgaon. It was regarded as India's sixth-best management school in 2017. In 2018, it dropped to eighth, then ninth, then back to eighth in 2019. However, the DMS reached a high of fifth place in 2021, and fourth place this year. The DMS has risen up the ranks over time.

Student information on the DMS

The DMS used to restrict admission to its MBA programme to persons with technical backgrounds. But things have changed now. According to Prof. Sharma, the DMS accepts students through the Common Admission Test (CAT), and their profiles are essentially the same as those of students who would have attended any IIM or a prestigious private business school. The MBA programme at the DMS (or really any IIT) is typically sought after by engineers because they get to live inside the IIT ecosystem, where the connections they form can be far more diverse (than in a standalone management school) and closer to their interest. This information was provided to FE by an independent education analyst.

Rankings for India in 2022: Management

IIT Delhi's year rankings of last six years:

• 2022 4th

• 2021 5th

• 2020 8th

• 2019 9th

• 2018 8th

• 2017 6th

CUET Recent updates 2022

 CUET Recent updates 2022

On 18th August 2022 , Candidates all over India appeared for the Common University Entrance Test (CUET) exam and it was 2nd day and 4th phase of this exam. The exam is conducted by the National Testing Agency, which is also very well known for organizing the most difficult exams in India that is JEE and NEET. 

The CUET is basically carried out in two slots–the morning and the afternoon slot. The morning shift starts from 9:00 am and ends at 12:15 pm , the evening shift starts from 3:00 pm and end at 6:45 pm. So, the morning slot is of 3 Hours 15 Minutes and afternoon slot is of 3 Hours and 45 Minutes. 

It is Computer Based Exam and more than 3 Lakh students appear for this exam. There are 13 available languages for the candidates to read the questions. This CUET exam is conducted in 6 phases and there are 4 different sections in the exam , the marking scheme is as follow:

• For wrong answer there is negative marking of about  -1 marks 

• For unanswered question marks allotted is 0

• For right answers 5 marks are allotted 

About the exam:

There are four sections in the exams Section IA, Section IB, Section II-Domain specific subjects, Section III-General Test. Section IA and Section IB are language based test consisting of Vocabulary, finding Error, Comprehension, Literature. Section II –consists of general ability , Quantitative aptitude questions ,verbal and non verbal reasoning. 

To qualify the CUET , one need to score at least 60 percent marks and the whole CUET exam is based on class 12th syllabus ,one need to revise all the concept of class 12th to pass this exam.

Various universities take part in the CUET entrance exam and offer students different Under Graduate courses under the participating universities. 

Points to be checked before going into exam centre:

Before a week of exam admit card are made available on the official website of  CUET which is cuet samarth ac in.

All the basic details are mentioned in the admit card provided and candidates appearing must carry their admit card with them while reporting at the allocated centre. Candidates must report to the centre 40-45 minutes before start of exam so that the basic checking and monitoring and issues are solved at the exam centre and candidates do not miss opportunity to give exam as it may lead to  academic year gap.

Students need not carry any chits or make use of any unfair means ,doing this can lead to candidature cancellation of the candidate.

Things allowed to be taken into the examination hall includes:

• Transparent water bottle

• ID proof 

• Blue/Black pen

• Admit card

• Sanitizer

Problems faced by students in CUET 2022:

• Due to certain technical glitch at the examination centre many about 8000 students could not give their exam and miss it ,so NTA has decided to give them new dates for the exam so that they don’t miss their exam.

• Many students could not reach the exam centre due to landslide and road block also few states are suffering with heavy rain fall and a note of red alert so students participating from these region too could not reach centre , but government has assured that for these candidates definitely some action will be taken.

• Many students also claimed that their exam centre were suddenly changed and now they were helpless as they had no idea of the location of the centre and this apparently had put them and their parents into trouble.

The results of the CUET exam can be expected to arrive in the month of September, and candidates can check their scores on the CUET website itself through login and using their credentials.

For the Post Graduation courses, NTA organizes similar type of entrance exam CUET PG and interested candidates can apply for the same.

The CUET is one the most recognized exam which help student to get admission into some of the reputed universities to complete their graduation.

CAREER OPPORTUNITIES AFTER MBA/PGDM

 CAREER OPPORTUNITIES AFTER MBA/PGDM

Now-a-days many students are opting to go for MBA/PGDM courses and the number of student doing so has gradually increased , so it is also very important  to know about the career opportunities after getting graduated from courses like MBA/PGDM.

Mentioned below are few of the best opportunities that a MBA/PGDM graduate must know:

• DATA ANALYST:

• Is one of the most demanding jobs across the whole globe. It deals with Statistics, Tableau, figures, numbers, graph study of data and converting it into a form which is easy to understand by the members of the organization.

• The role of data analyst is to focus on the business statistics and to communicate with the stakeholders, the clients, and many more.

• The expected salary for a data analyst from fresher to experienced ranges nearly from INR 3 Lakh to 8 Lakh per annum.

• ENTREPRENEURSHIP:

• Entrepreneurship is all about developing skills so that there is an ability to start up ,run, a  whole organization.

• Its deals with starting an enterprise ,hiring people to work for the organization , providing service to the people by developing technology which help the people in getting their requirements fulfilled.

• Its is all about skills and innovation ,creativity everything together helping into developing something new and interesting.

• PRIVATE EQUITY:

• It is an organization which earns its income from the fees paid by the clients. Since it is not like other investment banks ,it has smaller hierarchical level between employees and the company head hence it is beneficial in quick decision making processes.

• The expected salary of an associate here lies between INR 24 lakh – INR 26 lakh.

• The job role is all about fundraising, Confidential information memorandum ,portfolio and etc. 

• MANAGEMENT CONSULTANT:

• The job role of management consultant is about solving problem related to business and finding solution to improve the performance of the business.

• Management consultant responsible for preparing presentation ,communicating with the team, and focusing on problems affecting the business.

• It is observed that, most of the time the PGDM graduates get higher position in the management consultant.

• The salary expectation can be INR 9 lakh to 30 Lakh, based on the experience.

• INVESTMENT BANKER:

• Are the one whose proficiency is in finance management, its responsible for loan related matter for business purpose, negotiations, investment making and many more.

• It is also responsible for documentation, preparing reports, assuring risks related to business and ensuring if legal rules are not violated.

• The starting salary here is INR 3 lakh per annum. 

• IT MANAGER:

• Information Technology is the most growing sector in India and the IT manager plays equally important role as the developer or other employee of the IT company .The work of IT manager is to manage the business ethics, governing it.

• Also the work of IT manager is to pay attention towards the finance of the company, documentation handling, presentation and etc.

• The range of salary here is INR 4 lakh to 30 lakh per annum.

• HR MANAGER:

• Responsible for managing the hr department t of a company. HR hires fresher in the company by taking interview and testing the skills of the candidate. It assures that proper training and developments program are provided to the fresher joining the team so that, they are able to contribute at most of their skills for the company benefit.

• The average salary of entry level hr is INR 6 lakh and for an experienced one it is INR 18 – 20 lakh.

Apart from all these opportunities after getting graduated from MBA/PGDM student can also go for other options .

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