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