3 Necessary Requirements For Succeeding In The Indian Institute Of Management MBA Personal Interview

Now that you have cleared the written test you must place an equivalent amount of preparation for the MBA personal interview. Remember that now you are fighting among the elite, so the competition is even fiercer. Here are 3 surefire methods to apply for success in the Personal interview

(1) Goals: The MBA Interview panel is sure to ask you what your goals are in life. What is that you want to achieve through an MBA qualification. To answer this question use your current qualifications as a starting point. Perhaps you have a background in hotel management – you can take the example of the Indian retail mall explosion and the need for professional management in managing retail shoppers to ensure high customer satisfaction.

(2) Social Achievements: What kind of achievements have you had in life, academic qualifications will definitely help, however the MBA Interview panel is trying to evaluate if you are the kind of personality that can manage teams and coordinate effectively. Suppose you have no significant social achievements to speak of, if you have been involved in organizing religious festivals such as Dusshera or Janamashtmi you can outline how you planned for distribution of food, crowd control and guiding the aged. Try to bring out the professional in you when you handled these social activities. Remember religion helps in sales in India

(3) Innovations: If you have developed something new, perhaps SOMETHING SMALL like a website or a blog to guide people to perhaps tips on how to set up a router for small businessmen will definitely be viewed positively. The main thing is to show how your innovation adds to bringing customers or repeat viewers. In short can you market your innovation properly? Engineers definitely have a head start as you can talk about your summer projects. Those from Arts and Commerce background could probably start a blog on some useful topics and then show how they marketed it.

These tips are useful for those who do not have any significant awards or achievements to speak of. You will have to show what you have done extra in life apart from studying. Many have come and gone with high scores. It is those who sought to do a little extra by applying their knowledge to come up with something useful to the lives of others who end up as entrepreneurs. All organizations look for these qualities and so do the IIM’s

Priyanka is a MBA from IIM- Bangalore and works as a communication specialist. Her website http://www.mbainterview.in provides useful tips for MBA aspirants to succeed in the MBA Group Discussion and Personal Interview.

Too Many Cooks in the Kitchen After Wife Gets MBA

Hesh, where is your business plan?” It was a question I expected from my banker, but not from my wife. She tried to sweeten it by adding, “honey?” It didn’t help. I looked at her in disgust. I realized I had created a monster.

Let me explain. I had encouraged Sue to go back to school. The kids were entering middle school, she was bored with car pooling, and we also could use the extra money.

I told her not to limit herself to speech therapy, her profession before having children. I suggested she see a career psychologist. To my surprise, she scored very well in finance. I think it related to her compulsiveness for details. Then, as always, luck played its part.

The business school was under pressure to bring more women over the age of 40 into its mid-career MBA program. Sue applied, was accepted, and a year later she had an MBA (and I am proud to say she finished in the top 10 percent of her class).

But then she crossed the line. Sue started getting involved in my business. We always had a non-verbal agreement. She stayed out of my business, other then answering the phones when my secretary took a three-month maternity leave. And I stayed out of her gourmet kitchen. She hated all those husbands who thought they could star in their own cooking shows on cable TV.

And yet, she just could not let this one issue pass her by. I thought I had found manna from God again. I was ready to bet all of this year’s profits on the acquisition of my competitor’s inventory. The guy was liquidating his company after 20 years in business. Sue saw this as a sign that future growth was improbable. I, on the other hand, saw it as an opportunity to buy low, sell high, and pocket a hefty profit.

She reminded me of some of my other purchases that were real dogs. I counter punched, reminding her of the one killing I had made; that deal had paid off the mortgage on our condo at the beach.

Sue continued to pepper me with questions about projected sales, potential competition from China, warehousing costs, and rising interest rates. All the while she was putting the numbers into a spreadsheet on her laptop.

She flipped it around, and showed me the results. Her projections showed that I had miscalculated. She thought I would be so proud of her work. Instead, I stormed out.

She followed me upstairs. “Don’t clam up,” she yelled. “Remember what Walter (our marriage counselor) told you. Stop distancing yourself. Tell me what you really feel. Say it to me right now.”

“OK,” I blurted out. “Stay out of my business. When I started, I had no help. I did it all by myself. Sure, I made mistakes, but I just kept on working harder.

“Now you want to get involved, use all your MBA smarts to improve the business? And who will get all the credit? You.”

She continued her ranting “My God, I married you because I thought you really respected me as an equal. Now I realize you are jealous. You’re just like your friends. You’re afraid I am smarter than you; and you can’t deal with it.”

Just as quickly she calmed down and asked, “Honey, how can we fix this problem? I love you too much to let this get between us.”

“Let me cook Sunday night dinner,” I said. “I have this great brazed-beef recipe.”

Her response was quick and emphatic, “Hell no. Stay out of my kitchen.”

Hesh Reinfeld writes a syndicated business humor column. You can read additional examples of his columns on his website: http://www.heshreinfeld.com. Or contact him at hesh1@comcast.net

India's MBA Gold Rush

In India is seeing a gold rush for MBA. In India privatization is making its feet stronger day by day. In toady’s India there are much more opportunities, as compared to the earlier years. Especially after 1990’s liberalization policies India has seen a big boom in privatization. That why MBA which was not much not sot after carrier option in India till 1985, has seen a big boom in this segment. The number of applicants for IIM’s has increased many folds, knowing that only one percent of them can make for it. That’s why today there are more than 1000 MBA colleges in India. About 100 of them are well recognized worldwide.

The rush for the MBA is because of the good status symbol associated with it. For middle class students this offers a very good opportunity for growth. Only by getting an admission in leading MBA College, they can land up in big posts. More to this, MBA courses provide big challenges for young generations. They got lot of challenging assignments in their tenure. The other reason is obvious the big pay cheques associated with jobs offered to MBA’s. Recent years there is huge increase in salary offered to average MBA student. Last year one of IIM, Ahemdabad MBA graduate was offered salary more then 1 core/year. Which is the highest ever salary offered to an Indian MBA. If we compare this with the average Indian earning, most of them are not even able to earn 1 crore in their whole life.

The main raise in the salary is due to the coming up of MNC’s for recruitment in India. Every year lot of MNC’s visit Indian campuse and offer attractive packages. This is due to the success of lot Indian MBA’s abroad. Not only the MNC’s, what the Indian companies are also offering good salaries. Indian companies have shown significant growth in world today. Also the liberalization has opened new business opportunities in India. New businesses are coming up and they require good managers to run their business.

Today MBA is good sot after carrier option in India. More and more student opts for this. The rush for MBA is clear from the fact that today even doctors, engineers and all field graduate are opting for MBA. Therefore more and more colleges have started offering MBA courses. If students doesn’t got seat in big institutes, then they are even opting for foreign countries. In recent year the number of students going abroad for MBA has increased many folds.

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MBA Salaries

The MBA graduates have a vital role in the competitive business world today. They are eagerly needed by businesses worldwide. Salaries and other bonuses influence these post graduates. The salary for all levels of MBA holders shows continuous increment each year. Studies show that the average salaries for MBA professionals have risen above 21% in the last seven years. The MBA salaries also increase with seniority levels within an organization. With an MBA degree, one can increase his salary up by as much as 50%.

Besides the base salary, the total compensation earned yearly include bonus of around $25,000 and other benefits, including tuition reimbursement, car allowances, and relocation that add about $15,000 on an average. The base salary and bonus may vary from one company to another. Some companies offer a higher base salary and fewer bonuses, while others offer a high year-end bonus.

Business companies look for MBA graduates to widen their business areas to get more profit. A professionally qualified MBA graduate can assist the company to meet the business targets. As the profit level of a company increases, there may be increases in the remuneration to its staff. This is the main factor that increases the average salary of a business professional. Also, some leading business companies offer competitive and exciting salaries and benefits to qualified and experienced MBAs solely to attract them. Year-after-year the salary scale goes up; each year showing a large difference with its preceding year.

A significant salary change can be seen in a person's salary if he or she completes an MBA program while working in an organization. But, there are a number of factors determining the salary offer like the area of specialization, prior earnings profile, pre-MBA work experience, geographic location and cost of living, and the academic record in the business school he or she attends. Compensation packages will also be offered. Consider a person working in a reputed business company earning a salary of $25,000 per year; the salary will increase up to $50,000 or $60,000 after his MBA graduation.

MBA provides detailed information on MBA, Top MBA Programs, MBA Online, MBA Programs and more. MBA is affiliated with Online Business Schools.

MBA in IIM

Indian institute of Management located in 6 cities of India are the asset for India in Management studies. These institutes are top ranking & highly reputed in Business World. The MBA degree from these institutes is mighty in management streams. The average packages offered to students of these B-Schools is around 10 lakh INR p.a. in India & around US$200000 p.a. abroad.

To get admission to such reputed institutes is not a easy task. The exam called Common admission test or CAT is entrance exam for these B-Schools. This exam is one of the toughest exam in Asia. The CAT tests English, maths & reasoning of the candidate. More than this its a nerve testing exam. After written test GD & PIs are the next hurdle to get into IIMs.

The CAT is held once a every year in November. Besides IIMs, many other B-Schools accept CAT score for admission to their Management programs.

There are three sections in CAT exam. Quantitative section, Verbal ability & reading comprehension section & last one is Data Interpretation. The quantitative section is all about Maths, the areas tested are geometry, mensuration,numbers, & coordinate geometry. Speed, approach & accuracy are key to crack CAT.

For CAT one should know extensive theory & almost all concepts. you have to pick & choose certain areas that you are master of because of time limitations. Many steps of complex calculations required.

What Does CAT Tests?

Your logical & verbal abilities through type of questions. Your ability to make strategy for format of test, sectional cut-offs, differential marking & time constraints.:-)

The MBA CAT changes its question pattern over years. The number of questions has been reduced & the type of question are quite same. If you look at CAT history, in CAT 1992, there were 4 sections of 175 questions. In CAT 1995 the number of questions increased to 185. In CAT 1996 the number of sections was reduced to 2 & number of questions remained same. In CAT 1999, the pattern again changed, with 3 sections & 165 question. In 2004 number reduced to 123 & diffirent marking was introduced. In CAT 2005, CAT brought down the number number of question drastically to 90. For more on CAT exam visit CATMBABLOG

Five Tips To Find The Best Online MBA Program

MBA is among the most popular business degree to earn online. The knowledge and the skill in the business administration field is important for people who work in business world, whether you are a self-employed boss or under employed in a corporate. Getting a MBA degree becomes easy and convenient with the available of online MBA degree programs. There are too many online universities and traditional brick & mortar colleges offer online MBA programs, sometimes it confuses you and you may find hard to decide one to enroll due to too many choices. Here are six tips that can help you to find the best Online MBA program that meet your goal.

Tip #1:

The best online MBA program must be accredited by an accreditation agency that is recognized by US Department of Education. Accreditation is important measurement of the quality of a degree program. With a proper accreditation, an Online MBA program is certified to meet a standard education guideline and most prospective employers place an emphasis on this point because it assures them that you will have the skills that meet the job position requirement.

Tip #2:

Most of students taking MBA program are employed full-time. Hence, the best online program must be able to provide the flexibility to adjust your schedule to fit into your busy time for work and family. A good online MBA program should be lenient in learning time, places and learning pace.

Tip #3:

When you enroll in an online MBA program, you will be assigned to difference online classes which monitor and mentor by online lecturer. The best MBA program shouldn't have too many students in one online class; this will cause the lecturer unable to give good attendance to all the students and gives a good learning guidance. 8-12 students per lecturer are a good ratio for online students to achieve a perfect learning environment with a good attention from the lecturer.

Tip #4:

The best online MBA program should have the best professors who have full of real experience in all aspects of the business world. While searching for the Best Online MBA program, remember to analyze the faculties and understand the school's academic approach. You can talk to the admission officer through online chat session (most online universities have their admission officer online to answer enquiries live) and get a detail understanding on who are the lecturers involve in teaching the online MBA courses, what are their academic background and experience in real business world.

Tip #5:

Look for the online university that offers online MBA programs has an established alumni program. An established alumni program will have a good networking between school and companies, which will help you to get a promotion or make a smooth career transition worldwide. The best online MBA program should counter in your career opportunities and provides you with career support services through free career seminars to guide you in your resume writing, provides you with tips for preparing interviews & etc. These career support services are important to help you jump-start your career or make a smooth career transition.

Summary

Getting a degree from the best online MBA program is important to ensure your degree have the maximum value in helping your career moves. Hope that the above tips will give you some guides in searching for the best online MBA program that best fit your educational and career goal.

Julie Harvard is the author of http://www.studykiosk.com. You can search for your favorite online courses at over 120 Online Schools and you can get more information on over 1000 of Online MBA Degrees at this site.

Why And How To Pursue Online MBA Courses?

The online MBA courses and programs are hugely popular among mid-career professionals and older adults, who cannot afford to give up their current employment. If you are yearning to earn a new degree or are keen for a career change, yet have to shoulder family and other responsibilities, you will find a great option in the online MBA programs.

You will require clearing the GMAT (Graduate Management Admission Test) for admission in an online MBA program. Most online MBA courses have a 30-credit program that covers all aspects of a business - right from accounting and finance to risk management. The courses are so designed that they hone your assessment and management skills to help you better manage business operations. (The online programs will allow you great flexibility, permitting you to plan and accommodate the classes according to your schedule).

Go for anyone of the many accredited online MBA courses and you will surely get the much-coveted job promotion. If you own a business, your online MBA degree will help you take your business to great heights!

What Do You Need For An Online MBA Degree Program?

The online MBA degree program, as such, is not very different from the traditional MBA programs, except that the former allows you to earn the degree from the comfort of your own home at your own pace, without having to attend fixed-hour classes. This calls for increased efforts on the part of the student.

An online MBA program revolves round online lectures, readings, discussions and students are even given assignments. Video lectures and videoconferencing are very important for these online programs.

You will be required to physically attend some programs and courses; however, here again, you will have the complete freedom of choosing the workshops and guides.

Cost-Factor

Online MBA courses are a bit costly. Accredited institutions, however, offer you financial assistance in the form of loans, grants and scholarships. As in traditional courses, scholarships and grants are given to deserving candidates. Study loans too have to be arranged through the institution's finance aid office.

Validity Of Online MBA Degree Courses

Speaking of the validity aspect or universal acceptance of the online MBA courses, you must note that the degrees provided by accredited institutions are all valid. Such a professional degree is bound to be accepted anywhere. As an online MBA degree-holder you may not be awarded with a high-paying, big corporation job on your first attempt but then it will give you the first major break and it will be only a matter of time for you to make it to the upper rungs.

Hugo Broadwell runs an informational website that provides Top MBA Program listing, guides to business school mba and knowledge about MBA distance learning. To take advantage in concluding an educated and well founded decision about your online MBA degree make sure you visit Hugo Broadwell's site at www.mbaonline-info.com

What Are the Advantages of Getting an MBA Online?

Is it possible for you to earn an MBA from your home? It is indeed, and it is far easier than you may imagine. All it takes is strong self-motivation and a sense of diligence as well as the dedication to keep going in the face of the many distractions of work and family. There are few experiences more rewarding than finishing your MBA degree, and with online programs now available, you do not have to postpone getting it any longer. An online MBA degree program can be fit into your schedule so that you can complete it at your own pace and convenience.

Another advantage of a distance learning MBA program is the reduction of what you would otherwise spend on similar education. Let’s face it, aside from the tuition you have to pay, higher education also includes a number of additional costs, such as travel to and from a university, and room and board.

When you are on an online program, you do not have to go anywhere, and so you will not incur any expenses on fuel and parking lot fees. Nor will you have to experience the hassle of public transportation or deal with traffic congestion. The value of the time and convenience you save is incalculable. Furthermore, you will not have to uproot yourself and move to a distant state or city to attend the program of your choice. That will save you more travel costs, and the expenses of room and board, not the mention the bother of moving and the interruption of your lifestyle.

It is also possible that you will save on tuition as well. Since an online MBA program does not require a classroom, the university will have that room for use in a different course, saving it money. This may be translated into a lower tuition fee, which you can take advantage of.

But the primary advantage of an online MBA program is the flexibility that it offers. You can adapt its schedule to fit your lifestyle, instead of adapting your life to it. You will not be forced to take a leave of absence from your job or spend any time away from your family. You will be able to do your class work at the hours that are most convenient to you. And you are allowed ample time in which to finish, up to five years for some online programs. All these advantages make taking an online MBA program very attractive indeed.

Check out more articles on online MBA programs and other forms of distance learning at http://youronlineeducation.info

Online MBA - An Analysis

How does Online MBA Degree Work?

An MBA has become a necessity to get yourself promoted in the modern corporate world. However, for most of the adults today, managing your career along with equipping yourself with the necessary education has become a challenge. To help you overcome this problem, many reputed universities offer MBA degree online so that you may earn the degree even while you work.

Advantages of earning an MBA Degree Online

The first and foremost thing is convenience. You may study at your own convenience of home and time. You also save on money since you can afford to get lesser loans owing to the fact that you are still earning. And yes, the most important advantage is you do not waste your precious years of experience by opting out of work. Thus you earn extra years of experience than the person who opts to pursue degree on campus.

Are Financial Aids available for Online MBA Degrees

Financial aids help you to cover the cost of earning your online MBA Degree. While some schools offer aid to students, some do not. You will have to contact the respective schools to know about their private policies on this matter.

Final Say

Once you finish your Online MBA, you can expect an immediate hike in pay or can expect a promotion on your job as the demand for MBAs is steadily increasing over the years.

Anand Srinivasan is a Financial and Education expert. Visit his site http://www.xooxonline.info/xtras/onlinemba.html for more information on the topic.