A Paradise for MBA Aspirants
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Following will provide information on the course structure of the MBA program, the different specialisation available and their scope. Some students find it difficult to select the area of specialisation as they are not aware of the future prospects of the various specialisation available. Many students tend to go by the latest trend and by the demand in the market in selecting their area of specialisation. Usually the market demand changes every year and is not the same year after year. What is in demand today may not be so lucrative option by the time you complete you MBA. We would recommend students to select the area of specialisation based on their liking, skills and aptitude. Though most of the students would end up taking a job in the field of their specialisation, but there have been many cases where a student specialising in one particular area have opted to work in other fields at the end of the MBA and are doing very good in their respected jobs. (UrPercentile.com)
A typical course structure of 2 year full time MBA in India looks somewhat like this :
1) First year has two or three semester/trimesters where all the students of the batch study same subjects and all the subjects are compulsory. The number of subjects covered in the year varies from 12 to 25 depending upon the depth of the subject covered under each subject. The topic covered during the first year are designed to impart basic knowledge of management and to familiarise the students with Management.
The course structure varies from institute to institute but it typically covers the following:
FIRST YEAR :
FINANCE AND ACCOUNTING including Financial Management, Management Accounting, Financial Accounting and Corporate Finance.
MARKETING MANAGEMENT including Sales and Distribution Management, Market Research, Consumer Behaviour , Advertising etc.
HUMAN RESOURCE MANAGEMENT including Organisational Behaviour, Organisation Effectiveness, Management of Change and Industrial Relations and Industrial Law etc. UrPercentile.com
PRODUCTION MANAGEMENT including Operation Management, Material management, logistics, Quality management, Inventory management etc.
INFORMATION TECHNOLOGY including Computer Applications in Management, Management of Information Systems etc.
DECISION MAKING : Statistics, Quantitative Methods, Operations Research etc.
2) At the end of the first year the students undergo a summer training in a business organisation under the supervision of the faculty and the department in the organisation. The summer training lasts for 8 to 10 weeks and at the end of the training the students have to submit a project report. The summer training is usually in the field in which the student want to specialise in the second year of the MBA. UrPercentile.com Apart from the summer Training there will be few industrial visits during the 2 years. This summer training and industrial visits provides exposure to the real life working environment to the students.
3) During the second year students are taught a few common subject which are compulsory for all the students and the remaining subjects are on the basis of the specialisation they have opted for. Typically there may be about 2 to 6 compulsory subject and 10 to 18 optional subjects to be covered in the second year. These optional subjects provide in-depth knowledge in the area of specialisation the student have opted for. There may also be a dissertation project which the students have to do in the area of his/her specialisation. UrPercentile.com Some institutes also provide dual specialisation which is very helpful in some cases. Like someone who has specialisation in both Marketing and Finance may be the right candidate for a job of Marketing of Financial instruments.
SECOND YEAR :
SPECILAISATION IS TYPICALLY AVAILABLE IN FOLLOWING AREAS:
C) HUMAN RESOURCE/PERSONNEL
D) INFORMATION TECHNOLOGY
E) PRODUCTION/OPERATION MANAGEMENT
There may be other specialisation like agribusiness, banking, general Management, family business management etc available in some of the institutes.
A) The specialisation in FINANCE prepares students for jobs in corporate finance, Bullion sector, investment banking, merchant Banking, stock exchanges, financial institutions and research firms. UrPercentile.com Those opting for FINANCE specialisation are likely to cover most of the following topics during the second year. Quantitative Analysis of Financial Decisions, Management of Financial Institutions, Security Analysis and Investment Management, Management of Financial Services, Financial Markets, Project financing, Analysis and Management, International Financial Markets and Financial management, Derivatives and Risk management, Portfolio Management, Cost Management, Mergers and Acquisitions, Management Control System, International Accounting, Taxation, Financial Derivatives.
B) The specialisation in MARKETING prepares students for jobs in Advertising, Market research, Sales etc. Those opting for Marketing specialisation will cover following topics during the second year. Product Management, Sales and Distribution Management, Market Research, Quantitative Techniques for Market Research, Consumer Behaviour, Advertising Management, International Marketing, Brand Management Strategic Marketing Retailing & Franchising Business Negotiation Skills Rural and Social Marketing
C) The specialisation in HRM/PERSONNEL prepares students for jobs in Personnel department of business organisation spread across all the major sectors. UrPercentile.com . Those opting for HRM specialisation will cover following topics during the second year. Human Resource Planning, Team building and Organisational Development, Training & Development, Industrial Relations, IT based Human Resource Management Management of Change, Recruitment, Appraisal and Compensation Labour Law, Counselling Skills.
D) The specialisation in INFORMATION TECHNOLOGY prepares students for jobs in IT related field. This specialisation typically produces IT consultants who can understand business requirement and are aware of general management. Those opting for INFORMATION TECHNOLOGY specialisation will cover following topics during the second year. IT Management, Management Support System, Decision Support System, Software Engineering and Project Management, System Analysis and Design, Business Process Re-engineering, Business Intelligence Systems, Strategic Management of Information Technology , Database Management, Telecommunications for Business, Software Quality Management, E-Commerce, Networking.
E) The specialisation in PRODUCTION/OPERATION MANAGEMENT prepares students for jobs in Industrial and manufacturing units. Those opting for PRODUCTION/ OPERATION MANAGEMENT specialisation will cover following topics during the second year. Manufacturing planning, Operations Strategy, Quality Management, Six Sigma, JIT, TQM etc. Production, Planning & Control, Strategic Cost Management, Production Planning and Control, Management of Technology, Supply Chain Management, Research and Development, Inventory and Vendor Management.
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