Monday, August 27, 2012

MBA Best Rewarding Career

MBA the Best Career

India's romance with MBAs is clearly not over yet. A new study by the Graduate Management Admission Council (GMAC) has indicated that graduates from full-time two-year MBA programs in India this year with job offers expect an increase in earnings of more than 200% from their pre-degree earnings, much higher than the 80% salary increase for all full-time two-year MBA graduates worldwide.
Not only are the salaries higher but 88% of Indian employers plan to hire MBAs in 2012, in line with the 89% of Indian employers that reported hiring MBAs in 2011.
Demand for MBA new hires in the Asia-Pacific region is also expected to be strong in 2012, with 80% of companies reporting plans to hire MBAs in the coming year, an increase of 9% from last year.
The GMAC conducted a survey of graduate management education students in their final year of business school. This survey collected responses from 5,366 graduate management students at 136 business schools worldwide in February and March of 2012.
Overall, 62% of job seekers in the class of 2012 had an offer of employment at the time of the survey. Offers of employment for 2012 graduates of part-time and executive MBA programmes were high as well with 64% boasting of job offers in hand. This nearly matched the all-time record set in 2001, when 66% of students had job offers.

GMAC director (research communication) Michelle Sparkman Renz said, "This data is reflective of the global economy where Asia is stimulating growth. This is seen in the regional differences in goals companies are focused on in 2012, as well as where Asian firms plan to place talent in locations to work.''
Not only are companies in Asia-Pacific likely to hire more people than US firms but also likely to place them outside their home region. The Corporate Recruiters Survey conducted by GMAC said Asian firms were extremely growth focused including more than half of Asian firms looking to expand their customer base (52%) in the coming year, or expand geographically in 2012.

This is the era of niche, Nano and super specializations. If that’s the case, why should MBAs be left out? India still hasn’t included out-of-the-box, non-conventional MBA specializations in its curriculums.
Health Care Management
Considering Medical Tourism an MBA with a Health Care Management specialization should be a fruitful choice. Depending from one university to the other, a mandatory science background may be required.
Learning how to run hospitals, facilitate relationships with medical professionals, strategizing for medical supplies and marketing Medicare is a big deal these days. And with this specialization, you’ll surely have an edge over others.
Arts Management
We’ve met many people who have a flair for business as well as the creative. Or people who are fundamentally creative, but want to develop their business side. Any types of art schools are obviously not the right choice for them.
The MBA with Arts Management sounds like the right thing to do. From venue and facilities management to museum administration to art management theories to dealing with saleable art cross borders – this is one really exciting MBA specialization to have.
Sports Management
You would obviously need to have a natural interest in sports to pursue this specialization. You’ll get to know the structures and policies of the sports industry, its commercial and community related aspects. If you’re the type who would love to deal with problem areas like performance enabling sports drugs, sports person behavior, athlete injury services and sports marketing and sponsorships, by all means pick this MBA.
Tourism Management
We think a combination of a business degree with a tourism speculation is a deadly combination. It would offer a scope much more than a plain IATA certificate, don’t you think?
The travel industry has always offered lucrative careers. And with the recent boom of the internet, it’s got a double boost. Imagine acquiring skills about niche travel, tourism operation and booking systems, sustainable tourism, eco-tourism, luxury travel and budget tourism. Wow, the possibilities are endless.
Supply Chain Management
This specialization is not really rare but still entered Indian MBA curriculums courses as much as we would like it to. Do you know this focus area can directly position you for a prosperous career with a giant FMCG company?
The catch though is that you need a mandatory science background for this one. If monitoring the entire process of sourcing raw materials, maintain inventory work-in-process inventory, dealing with tactical and logistical problems and ensuring the products are perfect until packaging excite you, pick this MBA specialization that will offer you tons of opportunities in India and abroad.
Marketing, Finance and HR sound boring against all these fancy sounding specializations, don’t they?
Make sure you have your career plan crystal clear in your head before you pursue any of these specializations. Even small things like where you plan to settle after your studies should make a play a huge role in determining your specialization beforehand.
Doing an MBA (Sports Management) from Australia may not be a bid deal for Indian employers (not yet at least). But it makes sense if you’re in Australia, since it is a sports loving country.
1.       Health Care Management
2.       Arts Management
3.       Sports Management
4.       Tourism Management
5.       Supply Chain Management
6.       Family Business and Entrepreneurship Management
7.       Agri Business Management
8.       Telecom Management
9.       Rural Management
10.   Social Welfare Management
11.   Investment Management
12.   Insurance Management
13.   Accounting Management
14.   Exports Management
15.   Mass Communication Management
16.   Advertising Management
17.   Foreign Trade Management
18.   IT Management
19.   HRM Management
20.   Banking Management
21.   Retail Management
22.   Marketing Management
23.   Operations and logistics Management
24.   Construction Management
25.   Co-operative Management
26.   Event Management
27.   Project Management
Some Other Courses with different name
MBA - Aviation
MBA - Biotechnology
MBA - Brand Management
MBA - Clinical Research
MBA - Fashion Designing
MBA - Hospitality Management
MBA - Hotel Management
MBA - Human Resources ( HR)
MBA - Information Technology
MBA - Infrastructure Management
MBA - Insurance & Risk Management
MBA - International Business
MBA - Materials Management
MBA - Media
MBA - Oil & Gas
MBA - Operations Management
MBA - Petroleum Studies
MBA - Pharma
MBA - Public Relations
MBA - Real Estate
MBA - Rural Management
MBA - Supply Chain Management
MBA - Tourism

1. Google
% of MBAs who want to work there: 25.35%
Headquarters: Mountain View, CA
2. McKinsey & Company
% of MBAs who want to work there: 17.76%
Headquarters: New York, NY
3. Apple
% of MBAs who want to work there: 16.66%
Headquarters: Cupertino, CA
4. Bain & Company
% of MBAs who want to work there: 13.21%
Headquarters: Boston, MA
5. Boston Consulting Group
% of MBAs who want to work there: 12.87%
Headquarters: Boston, MA
% of MBAs who want to work there: 11.94%
Headquarters: Seattle, WA
7. Goldman Sachs Group
% of MBAs who want to work there: 10.71%
Headquarters: New York, NY
8. Facebook
% of MBAs who want to work there: 9.35%
Headquarters: Menlo Park, CA
9. Nike
% of MBAs who want to work there: 8.87%
Headquarters: Beaverton, OR
10. JPMorgan
% of MBAs who want to work there: 8.68%
Headquarters: New York, NY
11. Deloitte
% of MBAs who want to work there: 8.38%
Headquarters: New York, NY
12. Walt Disney
% of MBAs who want to work there: 8.08%
Headquarters: Burbank, CA
13. IDEO
Headquarters: Palo Alto, CA
14. Blackstone Group
Headquarters: New York, NY
15. Johnson & Johnson
Headquarters: New Brunswick, NJ

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