Choosing A Right MBA Program

If you are applying for an MBA program, it means you are taking a big step in your life. It is a very crucial step which is going to be a turning point in your career. There are many different MBA programs to choose from and in different countries. So, the entire process might be quite confusing and you may not know from where to start. By going through this blog you will be in a position to choose the correct MBA program for you.

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Full-time M.B.A Program:

The full-time MBA program is for those candidates who have 2 – 7 years of work experience. It requires the candidates to quit their job and give full time to studies. In U.S. A, the duration of the full-time M.B.A program is about two years. Many US-based business schools also offer accelerated, one year M.B.A program.

At the beginning of the first year, two years, full-time M.B.A program will facilitate networking. Some M.B.A program requires students to complete an internship during summer. There are chances that the internship turns into a job offer after the students gets graduate.

In the second year, the M.B.A program (full-time) is often dedicated to optional courses.

In U.K, Europe and some other parts of the world, the duration of the full-time M.B.A program is about one year. This one-year program doesn’t allow students to complete an internship. Normally, a consulting project is offered to students as an alternative to an internship.

Many students choose full time M.B.A program to change their career or a country.

Part-Time M.B.A Program:

The part-time M.B.A program is for those students who don’t want to quit their current job. This option is more flexible than a full-time M.B.A program. Part-time M.B.A programs are flexible and can last from anywhere, depending on how much time student is dedicated to his studies. Depending on the student’s schedule, most of the schools allow students to take courses on weekends or weeknights.

Students with a part-time MBA degree cannot expect the same kind of a career as the student with full-time MBA degree has.

Executive M.B.A Program (EMBA):

The executive M.B.A program is for those candidates who are geared towards specific kinds of profession or those who have considerable leadership experience. Students pursuing an EMBA program normally have 7 – 10years of work experience. The EMBA are also part-time with many scheduling options. Some schools offer classes on weekends, some in the evenings, and some offers modular scheduling options like one week in a month. These programs normally last for 16 to 22 months.

Online M.B.A program:

The online M.B.A program is for those candidates who need flexibility in terms of scheduling and geography. Most of the online MBA allows students to complete their coursework as per their own convenience and some are structured in a cohort format. These programs take 3 to 4 years to complete, although some can be completed in a shorter period of time.

In Online M.B.A Program, most of the classes are delivered through pre-recorded lectures and some programs are immediate lectures. For “synchronous “classes the students have to be online for specific times.
Although, online M.B.A allows students to pursue their course as per their own convenience, some business school offers community-building opportunity. Some schools require students to meet each other through webcams for an online discussion every week.

Blended M.B.A Program:

The Blended M.B.A Program is for those candidates who are working professionals with no desire to quit their current job. The blended M.B.A Program is the combination of Part-Time M.B.A Program and Online M.B.A. It involves online study with face to face sessions. This program includes face-to-face workshops for every semester, study-as-you-go online tasks and conversation in electronic forums.

Global or International M.B.A Program:

Global or International M.B.A Program is for those candidates who are pursuing careers in international business. This M.B.A Program is not an authorized category, but it is a very common designation for many MBA programs. It attracts higher percentage of international students and faculties. This program doesn’t concentrate on any one country’s business practices. During the course, many business schools offer students with the opportunity to rotate between different business schools.

Now, you have all the information about different type of M.B.A Programs. It’s now the time to sit with an MBA expert and confirm your choice. You also need to select two business schools to which you think you have chances of getting admission.

Snap 2015 and Snap test

Exam Decoded: SNAP 2015

MBA

Overview

The Symbiosis National Aptitude (SNAP) is a national-level management entrance examination conducted by the Symbiosis International University (SIU) for admissions into their full time MBA as well as other post graduate level programmes. SNAP 2015 is one of the major MBA entrance examinations held in the country and is the only gateway for admission into SIU and its various affiliated schools. SNAP 2015 exam will be held on Sunday, December 20. The registrations will commence on the official website from August 24, 2015 and the last date for late registration is Tuesday, November 24, 2015.

Through SNAP 2015, students are eligible for admission in 13 institutes under the SIU. The exam is conducted online across various centers in the country. The time duration for the exam is 120 minutes. The paper comprises four sections:

Sr. No SECTIONS Total Marks
1 General English: Reading Comprehension, Verbal Reasoning, Verbal Ability

40

2 Quantitative, Data Interpretation & Data Sufficiency 40
3 General Awareness: General Knowledge, Current Affairs, Business Scenario 40
4 Analytical & Logical Reasoning 60
Total 180

A student is shortlisted on the basis of his or her performance and scores calculated at each section and overall. To apply for the exam, candidates need to be graduates in any discipline with at least 50 % marks from recognised university or institute (45% for SC/ST candidates). Final year students are also eligible to apply. One question carries one mark. Once the student clears the exam, he or she is shortlisted for the next round of selection process, i.e. Group Discussion & Personal Interview. Click here to check the SNAP 2015 test pattern and syllabus.

The SNAP 2015 exam is considered as one of the most prestigious MBA entrance tests. (Click here to read about the notification for the NMAT 2015 exam)

Registration Guide for SNAP 2105

  1. Register online at the official website of SNAP 2015 exam by entering your details and click on the submit button.
  1. In the next step, you will be directed to the terms and conditions and guidelines to fill the form. Read the instructions carefully and then click on ‘I agree’.
  1. You will see an application form where you need to fill the required details carefully. Select the institutes you are interested for admissions.
  1. Upload a recent passport size photograph.
  1. Create a password and save for future references.
  1. Pay your application fee by clicking on ‘make payment’. The SNAP 2015 test fee is Rs 1500 (subject to change). The test fee can be paid till November 27, 2015.

 

Tips to Crack the SNAP 2015

  1. Start preparing with the subject you are least comfortable with. Don’t leave it for the last moment. Strengthen basic concepts and formulae beforehand. Last minute preparation creates confusion.
  2. Strategize your preparation. There’s no end to preparing for the exam. So plan how you are going to go about it.
  3. Go through standard study material which is easily available and can help you prepare easily.
  4. Try solving as many mock tests and previous years’ question papers as you can. Religiously spend at least 3 hours to do so.
  5. Before going for mock tests, solve the difficult portions from various other books.
  6. SNAP 2015 or for that matter most competitive exams are all about accuracy and speed. So set up a timer while practicing questions and solving sample papers. This will help you in building your speed.
  7. Always avoid random guesses. That will get you nowhere.
  8. Learn short-cuts or tricks to solve questions, especially while solving quantitative problems.
  9. To memorize important formulae or facts, write them down on a piece of paper and stick in on a wall of your study room.
  10. When on the revision stage, practice only those portions which you find tough.
  11. Take feedback from people who have given SNAP before. Follow blogs or threads on SNAP 2015. Connect with students who are also preparing for the exam.
  12. When writing the exam, start with a section you are confident in. Don’t get de-motivated by solving the harder section.
  13. Don’t think about the rest of the question paper while you’re solving a question. Be focused.
  14. Each section is timed separately and has to be solved within the allotted time period. If you happen to complete a section before time, the extra time can’t be used to attempt the next section. So choose the right order.
  15. Attempt all questions.

On the examination day:

  1. Reach the exam centre well before on time.
  2. Don’t forget to carry your admit card.
  3. Even though it is an online exam, keep sufficient stationery to do rough work.
  4. Read the question properly before solving it.
  5. Lastly, don’t be stressed and keep calm.

Good luck!

Career Building Tips

Career Building Tips

A good Journalist

The tradition of completing one’s education first and then seeking a job has long become obsolete. Many students today are preferring to acquire sufficient work experience before they proceed to get that last feather added to their cap of educational qualifications. If you are still wondering whether this small turn in your path can really accelerate your progress or not, you need to question your doubts.

You might be an outstanding student and score the highest marks, but if you are thinking that you can get far with just your grades, you are probably living in the wrong century. Given the high levels of competition that has crept into every field in the world today, it becomes very important to gain a mark of distinction. Besides, it shows whether you are just ‘studying hard’, or actually ‘working hard’ towards your goal. It is in fact one of the most important career building tips.

It becomes more crucial when you are opting for a business course, like an MBA, which requires you to perform managerial roles. Because such roles require a greater insight and understanding of the real time situations that can only come from experience. Most of the top ranked business schools would not prefer accepting non-experienced graduates.

True, that one would have to anyhow start working someday, but doing that before it becomes the only thing that you are left to do, has the following perks.

Is this really what I want to do?

It isn’t always that the reality turns out to be even close to your ideas of how it would be. Having a real time experience can give you a clear picture of what future are you making for yourself. The experience could be so interesting that you get all the more motivated and confident, or, on the other hand, it could turn out to be so boring that it could help you change your course of study, before it is too late.

More importantly, careers have become so diverse that the scope of each study has widened. A goal of a student pursuing MBA 10 years ago, for example, could be simply becoming an entrepreneur. But the vision of a career today is not that linear, considering the broadened purview of courses. In such situations, having a hands-on experience could help you plan your own career building tips and decide exactly the kind of job for you. For instance, you can obtain a work experience in the field of finance to check if MBA in Finance is the thing for you.

Ground Level Exposure

It is very easy to learn the man management tips given in your book to pass the exams. But understanding the dynamics of a group, and the needs and expectations of the members of the team can only come when one has had that experience of working at their level. This can help you considerably in handling the situations and problems that emerge in practical life and equip you with the ability to deal with it. And this is true with any profession. Any amount of career building tips studied, has no authenticity, unless one has had the exposure of applying the tips in reality.

An effective career building tip that makes you competent

One of the most effective career building tips that can serve you with better competence in your higher education classes is having an industrial experience. It contributes greatly in the project works, field assignments, and even in the theoretical learning by providing you a deeper insight into the concepts. Business courses, specifically, consist more of case studies and peer group sessions, where your work experience plays a constructive and creative role.

Builds your network

What’s more, an early industrial exposure can build your networks with the stars in your field. Even if not the most successful ones, getting to know anyone and everyone in the field can help you solve the queries you might have. You can discuss the ideas, opportunities and risks, and keep continuous and active contacts with them. They can guide you with the most useful career building tips in your field. It might also prove to be fruitful, when you plan to get settled after your masters.

Being a step ahead!

Rather than starting to learn the work culture and etiquettes after you get settled, it helps you in being prepared for the world even before you set start your journey. It takes lesser time for you to adjust in the environment and you pose a lesser risk to the employer.

Add-on to your CV

A work experience is the greatest eyeballs catch of your resume. Whether it is in the form of an internship, or a proper job, it always adds on to your value and gives the employer the assurance that you have enough experience on your table; hence increasing your employability.

An exposure on the real ground can actually act as your trump card in important matters. Any of the career building tips you refer to, would emphasize on its importance. No doubt why the trend has been moving towards gaining such an experience even before completing the studies.

Journalism career

Exam Time: NMAT 2015

NMAT 2015

Overview

The NMAT 2015 will be conducted by the GMAC, the organization that owns the GMAT exam, for admissions into their full time MBA programmes. NMAT is one of the major MBA entrance examinations held in the country and is the only gateway for admission into NMIMS. Also, the scores of NMAT 2015 will be accepted by institutes like VIT University, ISB, Ansal University, Thapar University, and many more. NMAT 2015 exam will be held from Tuesday, October 6 to Saturday, December 19. The last date for late registration is Monday, October 19, 2015.

Through NMAT 2015, students are also eligible for admission in NMIMS’ three campuses: Mumbai, Bengaluru and Hyderabad. The exam is conducted online across various centers in the country. The time duration for the exam is 120 minutes. The paper comprises three sections:

Sr. No SECTION NUMBER OF QUESTIONS TIME IN MINUTES
1 Language Skills 32 22
2 Quantitative Skills 48 60
3 Logical Reasoning 40 38
Total 120 120

A student is shortlisted on the basis of his or her performance and scores calculated at each section and overall. One question carries one mark and there’s no negative marking in the exam. He or she is allowed to give three attempts for the paper (including 2 retakes and exam absences). The best score out of the three attempts is considered for admission to NMIMS.

Once the student clears the exam, he or she is shortlisted for the next round of selection process, i.e. Group Discussion & Personal Interview.

The NMAT  2015 exam is considered as one of the most prestigious MBA entrance tests. (Click here to check the notification for the SNAP 2015 exam.)

 Note: Check out this link for more information.

Tips to Crack the NMAT 2015

  1. First of all, strategize your preparation. There’s no end to preparing for the exam. So plan how you are going to go about it.
  2. Start preparing with the subject you are least comfortable with. Don’t leave it for the last moment. Strengthen basic concepts and formulae beforehand. Last minute preparation creates confusion.
  3. Go through standard study material which is easily available and can help you prepare easily.
  4. Before going for mock tests, solve the difficult portions from various other books.
  5. Try solving as many mock tests and previous years’ question papers as you can. Religiously spend at least 3 hours to do so.
  6. NMAT is all about accuracy and speed. So set up a timer while practicing questions and solving sample papers. This will help you in building your speed.
  7. Learn short-cuts or tricks to solve questions, especially while solving quantitative problems.
  8. Always avoid random guesses. That will get you nowhere.
  9. To memorize important formulae or facts, write them down on a piece of paper and stick in on a wall of your study room.
  10. When on the revision stage, practice only those portions which you find tough.
  11. Take feedback from people who have given NMAT before. Follow blogs or threads on NMAT. Connect with students who are also preparing for the exam.
  12. When writing the exam, start with a section you are confident in. Don’t get de-motivated by solving the harder section.
  13. Don’t think about the rest of the question paper while you’re solving a question. Be focused.
  14. Each section is timed separately and has to be solved within the allotted time period. If you happen to complete a section before time, the extra time can’t be used to attempt the next section. So choose the right order.
  15. Attempt all questions.

On the examination day:

  1. Reach the exam centre well before on time.
  2. Don’t forget to carry your admit card.
  3. Even though it is an online exam, keep sufficient stationery to do rough work.
  4. Read the question properly before solving it.
  5. Lastly, don’t be stressed and keep calm.

 

Crazy for MBA in India?

MBA from India or Abroad?

Mba from IndiaThat helpless feeling, when there is so much confusion all around, and the mind keeps oscillating from one option to the other. Which MBA aspirant wouldn’t have gone through this unsettling dilemma of whether to do an MBA from India or abroad?

Being one of the most bankable investments in the global market today, the demand for management studies has been ever increasing. However, in the process of deciding the right college for you, be clear about the reasons you want to do an MBA for and your post-MBA plans. For instance, whether you want to become an entrepreneur or are you aiming for a job outside India, or whether you are merely interested in an MBA degree. Your personal goals would be the dominant factor in making the right choice for you.

So here, we intend to bring a helpful comparison of these factors related to pursuing MBA from India or abroad to ease your difficulties.

Cost
The expenses incurred in doing an MBA abroad is enough to burn a hole in your pocket. Of course, the living expenses and other expenditures are additional. While it is possible to manage getting a student loan for it, you need to be sure to get a job abroad to repay the hefty amount.

Besides, if you look forward to taking up a job in India, it is rather not preferred to take up that load, for the course of the foreign degree would cater more to the international economy and the global market which would be less applicable to India’s economic conditions.

Though, if you do have that kind of money or someone to foot your expenses, a foreign MBA would definitely prove to be more rewarding and promising. You can also earn scholarships or grants to fund your degree.

Facilities
Here is where the foreign MBA schools have gained their grounds. The minimum work experience required to pursue an MBA abroad is 2 years. This would provide you with a diverse and experienced classroom and can help you build a stronger global alumni network. Plus you also get exposed to different cultures and perspectives.

While studying in an IIM in India can provide you with world class facilities, most of the average MBA schools in India lack good infrastructure and provide limited exposure. Also, the knowledge base in India remains largely theoretical.

However if you plan to work in India, the business knowledge provided in Indian MBA schools would be more beneficial in the practical run.

Job Prospects
The prime foreign MBA destinations are USA, UK, Canada, Australia, and New Zealand. While it is relatively easier to get employment in the US and Canada, the same in the UK and Australia is a bit challenging. Nevertheless, the pay package would be considerably higher if you do a foreign MBA due to the currency difference, yet, the jobs wouldn’t be offered on a platter to you. Your market value does increase, but you still have to go through tough competition as the employers there are more demanding.

Also, you need to consider your personal goals for this. For instance, if you want to open up a business, it is easier doing so in India than abroad. But if you plan to get a job abroad and can prove your worth, career growth with a foreign degree is undoubtedly more assuring.

Summing up the whole thing, the right choice depends totally on your priorities and vision. Be sure about this before coming to a conclusion. After all, it is only once you do your MBA!

Click here to check out the best MBA colleges in India and abroad.

MBA

Look beyond IIMs for your MBA

 Crazy for MBA?

Scored well in the Common Admission Test? Dreaming to study in a Ivy-league B-school? But couldn’t make it to the IIMs! This is the story most heard in the month of June and July, when most B-schools in India release their admission lists. The fact is, a good score in the common admission test won’t guarantee you a seat in the IIMs. Indian Institutes of Management (IIM) or for that matter almost all top B-schools in India, be it public or private, focus quite a bit on prior work experience and relevant academic performance.

As a matter of fact, IIM Ahmedabad and IIM Bangalore are notorious for being the hardest business schools to crack. In a survey conducted by the Times Higher Education in 2014, it was disclosed that IIM Ahmedabad and IIM Bangalore admitted only 0.35 per cent of applicants for the class of 2013-2015, a figure which is the lowest amongst the top 100 business schools. However, the survey also validated the position of the Indian MBA graduates, who have consistently outscored and outperformed their peers.

People often wonder, what it is that even after scoring above 98 percentile in the annual common admission test, keeps students from getting admission in IIMs. The reason, however, is simple – huge inconsistency between the demand and availability graph. Or to put it in simple words – too much competition, too many candidates. Candidates apart from possessing terrific academic skills also need professional skills as well as consistent academic records and no to forget a fair bit of luck too. With more than 3 lakh candidates vying for the best business schools in the country, it can be very difficult to make into the top IIMs.

 

So the answer to the initial question is easy: You didn’t go wrong anywhere, and it is time you look beyond IIMs and look for other top MBA colleges:

MDI Gurgaon

Established in 1973, MDI Gurgaon is one of the top B-schools in India. Courses offered are Post Graduate Programme in Management, Human Resources, International Management, Post Graduate Diploma in Public Policy and Management. A great option for pursuing MBA from a self-constituted private business institute. Also, MDI Gurgaon is accredited by SAQS and AMBA London.

  • Tuition Fee: 14.9 Lacs ( Total for PGPM)
  • Total Intake of Students- 505
  • Minimum Score for qualifying: >95 %ile(CAT), 680(GMAT)
  • WEBSITE: mdi.ac.in

 Xavier Institute of Management Delhi

Established in 1987, XIM-D is one of the leading business schools of the country. The college truly provides global business education through their various programmes.

  • Tuition Fee: 3, 89,000 Per Annum
  • Total Intake of Students: 397
  • Minimum Score for qualifying: 94(CAT)
  • WEBSITE: w3.ximb.ac.in/

 Indian School of Business Hyderabad

Established in 2001, ISB, Hyderabad is another prominent Indian B-school. As per the rankings released by the Financial Times in 2015, ISB ranked at the 36th position in the world. It offers courses such as The Post-Graduate Programme in Management (PGP), Post-Graduate Programme in Management for senior executives (PGPMX) and Management Programme for Family Business (MBA).

  • Tuition Fee: Rs. 23, 89,000
  • Total Intake of Students:       420
  • Minimum Score for qualifying: 690 (GMAT)
  • WEBSITE: www.isb.edu

 Institute of Management Technology (IMT) – Ghaziabad

Established in 1980, IMT Ghaziabad, is another premier institute that figures among the top ten business schools in India. It offers a two year full MBA programme as well as post graduate diploma programmes in Finance, Marketing, Executive and doctoral programmes.

  • Tuition Fee:  Rs.7, 85, 000 Per Annum
  • Total Intake of Students:  540
  • Minimum Score for qualifying: 8 (CAT), 96(XAT)
  • WEBSITE: imt.edu

 Symbiosis Institute of Business Management (SIBM)

Established in the year 1971, Symbiosis is anticipated as a well-known premier institute for MBA.

  • Tuition Fee: 3,90,000
  • Total Intake of Students: 209
  • Minimum Score for qualifying: 120/180 (conducts its own test)
  • WEBSITE: sibm.edu/

Click here to see other top MBA Colleges