Shiksha Top Questions

As per Indian market trend analysis, MBA finance is the second best career choice of both MBA students and recruiter after MBA in marketing. Students pursuing MBA in finance gain the business and financial skills needed to work in a number of enterprises. If you have commerce or economics graduation degree and or experience, it is the right specialisation for you. MBA finance graduates have very good career opportunities in both government PSUs and the private sector in finance and accounting departments. If a candidate is good at number crunching, have a superior numerical ability, good data interpretation aptitude, problem solving and creative thinking and is also a strategic thinker then the candidate is suitable for MBA in finance. There is no limit for growth of MBA finance graduates. It is a better salary job in comparison to MBA agri-business graduates.

Product management is an organisational lifecycle function within a company dealing with the planning, forecasting, and production, or marketing of a product or products at all stages of the product lifecycle. Similarly, Product Lifecycle Management (PLM) integrates people, data, processes and business systems. MBA in product management is a niche area MBA where syllabus includes the concept of PLM from conception to closure of product. The course includes courses in market analysis, brand management, strategic marketing, consumer behavior/strategy, marketing communications, product development, basics of financial management, project management, and corporate governance. MBA in product management students are exposed to techniques of problem-solving and creative thinking to generate new ideas of products. Students are exposed to all aspects of product marketing which includes assessing product demand, evaluating targeted customers and placement of new product in the competitive market and forecasting revenue generation. Product Lifecycle Management courses are major where all processes are taught from idea generation, product development, product maintenance, and support. MBA product management is offered by very limited universities and B-Schools. Companies prefer technical resources with experience in the role of product manager.

MBA Strategy Management syllabus includes tools and techniques required in Development of Org strategy, strategy formulation, execution and its evaluation. Students are trained to investigate ideas and problems, formulate options for a way forward. Students are trained to become consultant to advising organisations on defining and developing effective organisation c tactical and long term course of action. MBA Strategy Management graduates are mostly hired by Management consulting firms and after few years on experience are also hired by large enterprises in Strategy department. Such experts work directly with CXOs and Board of Directors of organisation. Strategy roles are very demanding and high paying. You are advised to do MBA from top B-School only in Strategy Management otherwise, you not gain much from degree.

The CS course is through correspondence and can be completed in three and a half years, and the registration is valid for five years. Three and half years is long period and sometimes students having sufficient time to enhance their knowledge and employability. Although LL.B. Is ideal additional qualification for a Company Secretary, it will be good if Company Secretary aspirant undertakes short courses in various law specializations. Computers Office Automation courses will also be a good value add. In addition if Company Secretary aspirant is a graduate, Post Graduate Diploma in Management or Functional Post graduate Diploma is also a good value addition qualification. MBA degree after CS can also help in career growth.

Different B-Schools use different techniques to impart knowledge to MBA students. Most common method of teaching and skill development used by colleges is Lectures, case analysis, simulation & business games and exercises, individual projects, group projects, group discussions, role play, conferences, industrial training, practical project work, guest lectures, etc. Theses techniques are in line with International Schools. Tier I B-Schools have their own repository of tools and sometime use International open courseware. These are used to develop conceptual, analytical and decision making skills and prepare students to face the real life challenges in changing business and organisational environment. B-Schools which emphasise more on lectures are not valued by industries. More is the emphasis on non-traditional learning techniques better is MBA and its ranking.

MBA by distance learning provides students with the same foundation in key management concepts and disciplines as in a two-year full-time MBA. MBA course work is build on the basis of that student will have diverse and extensive work experience by virtue of which they will able to related to management theories and concepts. Mode of delivery of the programs can be web based lectures, video conferencing, correspondence material, weekend classes or combination of onsite and other means of delivery of learning. Among these delivery methods, online MBA has the least priority and acceptance in job market. Major difference in delivery of MBA by distance learning and full-time MBA is pedagogy. Full time MBA is taught by extensive case studies and group work whereas Part-time MBA has more of lectures. Full Time MBA students have easy access to teachers and fellow students for discussion leading to better learning. Full Time MBA provides environment for overall development of student. Full time MBA are able to avail campus placement facility which is missing in MBA by distance learning. MBA Distance learning is mainly by lectures, self study of course material and assignments. Students do not have opportunity to interact with teachers and fellow students. Absences of case studies, presentations, leadership skill building etc. Are big handicap of MBA by distance learning. MBA online suffers all handicaps of other forms of distance learning delivery methods. This is the reason recruiters last choice is candidates with MBA by distance learning including online MBA.

Chartered Accountants CA is a professional qualification and CAs are regulated by the Institute of Chartered Accountants of India (ICAI). Chartered Accountants offer financial advice, audit accounts and provide trustworthy information about financial records. This might involve financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency, or accounting systems and processes. CA are employed by business enterprises, consulting firms and they can also works as independent consultant. CA is not an educational degree offered by University or educational institute. Therefore, for its membership it is not governed by Government of India reservation policy for its membership. If ICAI have reservations for its professional membership then it will not legal as per constitution also it may compromise its professional carter, ethics and code of conduct. Its membership is open for SC, ST, OBC candidates and they can compete and get CA designation based on their merit. ICAI membership and award of CA and FCA is based on meritocracy.

MBA after M.Com gives a big push to career even in financial vertical. MBA is a generic course on business management and administration and it focuses on managerial functional areas of business such as accounting, finance, marketing, human resources, and operations. MBA exposes students in all management functions for all kind of industries from FMCG to core technology companies. MBA is an all-purpose degree which provides choose to graduates to choose his career options based on his interest, strength in management functional area and personality traits. MBA from top B Schools have career opportunities in the field of consulting, Business Analyst, Pre sales support, Project Managers, Functional Managers, operations management in private, government, PSU and NGOs. MBA provides wider options in different functions and various types of industries. Although you must choose you educational qualifications based on your interest area, I will recommend MBA even after M.Com for better career opportunities and growth.

It also helps in preparing the students for business enterprises in Account and Finance roles. Some universities offers multiple electives and allow students to specialise in a particular subject in a final year. Some legacy universities offer B.Com degree course. Majority of syllabus of B.Com (P) and B.Com (Hons) is same. B.Com (P) gives an overview of various subject where same course in Hons has more depth and content. In B.Com (P) you cannot specialise but in Honours degree student can specialise. B.Com (Hons) is now a de-factor a standard accepted degree for jobs. Cut off for B.Com (Hons) in majority of universities is higher in comparison to B.Com (Pass) as its the preferred choice of students and recruiters. Syllabus of B.Com (Hons) helps and make it easier for students to clear CA examination.