Scope of an MBA amongst Current Market Trends

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28 Apr 2016

Scope of an MBA amongst Current Market Trends
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Admissions, Candidates, Learning, Pre MBA

Pursuing an MBA will give you skills that you may use to solve day-to-day business and management problems. MBA courses are more relevant today than ever before because thought leaders are needed to exploit the rapid growth in the Indian economy.
- Unique Knowledge
Cut-throat competition is a reality. It is not uncommon for senior employees who have experience but lack an up-to-date skill set to lose out to younger colleagues who have pursued an MBA.

Giving up a job to pursue further education in today’s economy may prove disastrous for most people. Institutes such as SOIL offer MBA courses in India which may be attended part-time or even through distance learning. Thus, you may learn while working.
- Specialization
There is an increased specialization of careers in the service sector. This has led to emergence of specialized subjects in which you can pursue an MBA. Through subjects such as finance or marketing, you will not only learn the basics of business, but also be able to create a niche for yourself. You can look for the availability of a course of your liking in the best B-schools of India online or through appearing for their entrance exams, if any.
- Better pay and Scope for Promotions
Pursuing a course such as a 1 year full-time MBA may change the direction of your career. It is an added academic achievement, which may increase the likelihood of getting a raise and promotion. It may also open up opportunities for jobs that you were not eligible for before because of its orientation towards leadership and team-building.
- Entrepreneurship Skills
Startup India and other initiatives have made the Indian economy conducive to the establishment and growth of businesses.

The curriculum of a one year MBA or any other MBA courses in India will train you to differentiate between a good and bad strategy business strategy. You will learn how to give your business a global outreach, how to adopt techniques to attract external funding, and how to hire the best minds in the job market.

Having an MBA on your CV may translate into job security because you will still be able to find a job even if your business does not perform favorably.
- India as an Emerging Economy
Emerging economies are proving to be fertile ground for MBA graduates, because it is easier to navigate unstructured markets with a structured mind. Companies are constantly looking to expand in such economies, and they need professionals trained in business and management to give direction to their growth.

The increase in domestic and foreign demand coupled with expansion in finance, real estate and investments are expected to cause a surge in India’s growth story, and an MBA degree is best designed to take advantage of it.

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