Sounak Banerjee Associate Content Manager
Associate Content Manager
MBA is one of the top and most sought after Post Graduation degree course in terms of its value addition. MBA is offered majorly in full-time mode for a duration of 2 Years. Some of the Universities and MBA Colleges also offer MBA courses in Part time mode for a variable duration of 3 Years.
Read More About MBA Courses
MBA is counted among the few of those courses which are Internationally recognized as a Postgraduate Degree for Developing Business, Management and Organization Skills amongst future business leaders and entrepreneurs.
Candidates with MBA Degrees are considered to have a great professional career ahead. They get an amazing salary package along with various corporate perks throughout their career.
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This article will majorly focus on pursuing MBA with or without experience, the advantages and disadvantages of both cases, along with the scope of the MBA and the job opportunities it had to offer.
MBA With Experience
A lot of students post completing their undergraduate courses go on to pursue MBA in various streams that are available such as MBA Finance, MBA Marketing, MBA HR, MBA Hospital Management etc. There are both pros and cons to pursuing MBA without having any relevant work experience.
Tabulated below are a few of them for your reference,
| Advantages | Disadvantage |
|---|---|
| Individuals with some handy experience may be more likely to find on-campus placement offers. | Individuals who choose to spare some time out from their current position to pursue MBA are most possibly foregoing wages they would have otherwise received. |
| The more experience one has, the more one is able to interact with Professors and Peers on a deeper level. | They have the whole and sole advantage of the potential professional benefits; they have already been forbidden by focusing only on studies. |
| When Participating in Case studies and Group discussions, the one who has experience in that kind of situation gets an edge over others in knowledge and skill set. | The Knowledge gained during MBA is majorly dependent on a full understanding of Materiality and sensitivity information and knowledge of the relevant subject matter. |
MBA Without Experience
The various benefits and shortcomings of pursuing an MBA after having the relevant amount of experience are discussed in the table below,
| Advantages | Disadvantage |
|---|---|
| One can devote their full time to their study. | Lack of Professional Experience may also adversely affect Internship or campus placement |
| One can also try something different in leisure time and developed some skills of self-growth and development. | One becomes monotonous if the routine is fixed once of employment. |
| Sometimes it becomes difficult to concentrate on studying once one becomes habitual to a job routine. | Sometimes a work profile is also helpful to crack some exams as knowledge and experience of the same will assist you. |
| Get Academic, Cultural, and professional exposure at a very young age. | Job Prospects post-MBA are likely to be less than those who have some experience in comparison to you. |
MBA Future Scope
MBA is a professional degree that opens up many doors to make careers across various sectors and disciplines. From beginning your professional career to choosing to study further there are endless opportunities that can be availed after completing an MBA degree. Listed below are a few of the scopes that one can avail post completing an MBA,
- After completing an MBA degree one can work in prestigious designations such as Operation Manager, Senior Business Analyst, Financial Analyst, Investment Banker etc.
- Also one can choose to study further various professional courses like CA, CMA and CS.
- One can also prepare for Civil Service Examination and other Public Commission Opportunities.
- MPhil and Ph.D. are the other options one can also sight for after successfully completing the Master's in any of the fields of MBA.
MBA Jobs
The Below mentioned table shows the Job profiles one can look for and shape their career accordingly after pursuing any MBA Course, along with the Average salary offered thereon:
| Job Profile | Average Salary |
|---|---|
| Financial Analyst | INR 5.5-10 LPA |
| HR Manager | INR 3.6-8.5 LPA |
| Executive Assistant | INR 3-6.5 LPA |
| Operation Manager | INR 3-5.5 LPA |
| Senior Business Analyst | INR 4-9 LPA |
| Management Consultant | INR 3.3-6.6 LPA |
MBA With or Without Experience: FAQs
Ques. What are the benefits of pursuing an MBA?
Ans. MBA Degree is a great choice to be a Manager at an International corporation or start in your own business. Though following are the main benefits of pursuing the MBA:
- Diversified field of knowledge
- Sharpen skills of one in various areas.
- Can easily identify the glitches of Organization and able to find a quick solution in mean time.
- Learn how to approach business situations from a different perspective.
- Awareness of a Global Market.
- Increased Job Opportunities.
- Better Management of Finance and Time.
Ques. Can anyone pursue an MBA course?
Ans. Yes, anyone who fulfills any of the below mentioned conditions can pursue MBA in their respective field.
- A Graduate Degree under 10+2+3 Pattern
Or
- A Graduate Degree under 10+2+4 Pattern in any stream, securing at least 50% marks in total from recognised University – Institute of the country.
Ques. Are Entrance exams conducted compulsory for admission into MBA?
Ans. Apparently no. One can also pursue and admit into an MBA course without appearing into Entrance Exams. However, at the same time it’s advisable to undergo such exams that are conducted at both State and National level. Such as CAT, MAT, XAT, CMAT, ATMA, NMAT, TANCET, MAH-CET, KMAT, etc. as most of the colleges score the same while preparing the merit list.
Ques. Is Summer Internship mandatory in MBA? If Yes, then why?
Ans. No, it’s not compulsory to go after internship but due to the fast paced life of today. Though it’s important to have some practical knowledge of the field before entering the real world. Following are the main points why one should have to go for summer internship:
- Engage with Professionals and To Create a Network.
- Gaining Real life experience and exposure.
- Build Confidence.
- Enhance Resume of one.
- Chances of Pre Placement Offer and Letter of recommendation.
- Develop Communication and Interpersonal Skill
- Gain knowledge of the field.
Ques. Can I pursue an MBA in Part time from PSG College of Technology?
Ans. Yes, You can. PSG College of Technology offers MBA course in Part time mode of which duration is 3 Years. The Fees of the course is INR 1,40,000.
Ques. What are the job opportunities after MBA?
Ans. MBA is a relevant professional course which provides many job opportunities to the candidates in the field of Banking & Finance, Investment Banking, Management Consulting, Data Analytics and Entrepreneurship. One can lend a handsome package as Operation Manager, Senior Business Analyst, Marketing Manager, Business Development Executive, Human Resource Manager, Executive Assistant, Accounts Manager and Management consultant.
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