MBA -Prospects & Processes

MBA Abroad-Prospects & Processes

Dr. T.P.Sethumadhavan

Master of Business Administration has acquired the status of one of the world’s most popular postgraduate management programmes. Among international students in order to augment their business and marketing skills, this programme is getting more popularity now a days. UK is the undisputed leader in MBA programme in Europe and the World leader in terms of innovation in MBA provision. Recently in the Global village concept the trend is to study MBA abroad. For getting better career, international exposure is mandatory. Keeping this in mind many of the Indian students are interested to pursue MBA programme from abroad. UK, USA and Canada are the best destinations for joining MBA programme.

Why more students are interested in taking MBA from UK? The reason is simple. Duration of the course is only one year. More number of accredited schools are in UK. In USA duration of the course is nearly 18 months. So educational cost for MBA programme in UK is much cheaper than USA. UK institutions excel in reputation, best faculty and specialization.
MBA can be classic General MBA or a specialist qualification in the respective field. It can be completed either via full time or distance learning programme. General MBA include specialization in marketing management, financial management, computer management and Human resource management.
Some of the specialization programmes include Engineering management, Agri business, Retail management, Supply chain management, Automotive management, Sports management, Production management, Insurance management, Transport management, Telecommunication management, etc.

While selecting business schools for MBA programme take in to consideration the following checklists.

· Best school should be selected. Check whether the course is accredited by association of MBAs-AMBA. They will list the accredited courses and rank them accordingly. For details- www. mba.org.uk

· Verify the teaching quality assessment reports for quality of education- www.qaa.ac.uk/revreps/reviewreports.htm

· To judge the quality of research, visit the website-www.hero.ac.uk/rae/index.htm

· Decide whether you need General or specialist MBA

· Cost of education

· Prospects for getting Financial aid- Scholarship, Assistantship, Fellowship, etc

· Facilities for doing part time work to meet the educational expenses.

· Facilities for distance learning programme

· www.educationuk-in.org

Entrance requirements-
· An Honors degree or professional equivalent. Candidate must complete minimum 4-year professional degree programme/post graduate programme from India.
· At least 3 years managerial work experience. This is not mandatory in all business schools. In USA 6months-onyear experienced candidates are also preferred.
· A GMAT score of around 500
· TOEFL score of 600 for USA and IELTS 6.5 band level for UK

GMAT (Graduate Management Admission Test)- It is a computer adaptive test mandatory for advanced study in business and management. All business schools will assess the GMAT score of the candidate before giving admission to MBA programmes.
It measures student’s general, verbal, analytical, mathematical and problem solving skills. The quantitative sections of the test measure basic mathematical, analytical and problem solving skill of the student. GMAT consists of seven subdivisions each containing multiple-choice questions. Total testing time is three hours and 30 minutes that is held six days a week for three weeks every month. Score validity is 5 years.
For more details-www.gmat.org
E mail- gmat@ets.org and Candidate services apac@pearson.com

Green signal for foreign universities

Green signal for foreign universities
Dr.T.P.Sethumadhavan

American universities are more interested to recruit Indian students for higher education. Study conducted by National Knowledge Commission revealed that among Indians aged 18-24 only 7% enter a university. If it can be doubled, the potential is enormous. Regarding the increased cost of education abroad, US universities are interested to start campuses in India so that Indian students will get foreign degree at lesser cost. Currently more than 1.6 lakh Indian students are studying and spending about 4 Billion US dollars abroad. Among international students in USA, India and china are in the forefront. Instead of starting satellite campuses in India, American universities are more interested to join with the Indian educational institutions. Recently as part of global educational initiative, Government of India has decided to permit foreign accredited educational institutions to start campuses in India. This will be really a boom for poor Indian meritorious students and researchers who cannot study abroad due to unaffordable expenses.

Prospects for Enginnering graduates

Engineering Abroad

Dr. T.P.Sethumadhavan

Recently in the rapidly changing world, engineering courses are emerging as major areas of technological advancement. In the global education scenario this trend is more pronounced. United states, UK and Canada are the major choices for Indian students to pursue Engineering courses abroad. Being the four-year graduate programme, engineering students can directly apply for postgraduate programmes abroad. Now a days more engineering graduates are interested to join for the management programmes in the business schools abroad.
While searching for engineering courses abroad, identify a research topic, which is most suited to the student. Job opportunities after completing the study programme, chances of getting financial aid/funding have to be assessed. Never believe the promises of overseas education facilitating agencies alone.
Some of the prospective engineering courses are as follows.
· Computer science/engineering and enabled sectors- job potential is very high in this field.
· Electrical engineering and electronics- these courses are having variety of options. Microelectronics, applied electronics and communication, mechatronics, audio engineering are some of the relevant areas.
· Mechanical engineering- Mechatronics, Aeronautics, aerospace, etc are some of the major specializing areas.
· Aircraft engineering
· Industrial engineering-applications in the commercial, manufacturing and service sectors.
· Civil and architectural engineering- coastal engineering and coastal architecture are some of the emerging areas.
· Environmental engineering
· Biomedical engineering/ science-
· Chemical, petroleum and nuclear engineering
· Biotechnology