MBA Full Form Name: MBA Meaning
Full Form of MBA:
Master of Business Administration
MBA Full Form is
Master of Business Administration. MBA is a postgraduate degree
in Business Management which enables students to build their career in Business
Administration.The MBA course varies between 12 months to 3 years, based on
whether it is part time course or full-time course. Let us shed more light
on MBA Full Form
Eligibility Criteria For MBA Course:
Students who have completed graduation in any
discipline with a minimum of 50% of marks are eligible to apply for MBA course.
However, one should take up MBA entrance exams conducted by various universities
and getting admitted to the course depends on how one performs in entrance exams
followed by the interview.
MBA Entrance examinations conducted in India:
There are various entrance exams conducted by
various institutions and universities which include; CAT (Common Admission
Test), MAT (Management Aptitude Test), CMAT (Common Management
Admission Test), IIFT (Indian Institute of Foreign Trade), SNAP (Symbiosis
National Aptitude Test), ATMA (AIMS Test for Management Admissions),
IBSAT (ICFAI Business Studies Aptitude Test), etc…
MBA Courses available in India:
The main courses offered in MBA include various
fields of business like Finance, Accounting, Human Resources, Marketing,
Economics, Tourism, Operations Management, Supply Chain Management, Construction
Management, Hospital Management, Hotel Management, International Business,
Health Care Management, Information Technology, Hospitality Management, Brand
Management, Materials Management, Telecom Management, Insurance & Risk
Management, Retail Management, etc.. Irrespective of the course, the main focus
is on strategy and management analysis with some elective courses included as a
part of the program.
Types of MBA Programs:
Full-Time MBA Program:
It is the most common type of MBA program offered
by the b-schools or management institutes in India. This program is suitable for
anyone who holds a bachelor degree in any field of study. The course duration is
normally 2 years that comprises 4 semesters. Some of the b-schools in India
offer a 20 month MBA program which comprises 6 terms (each term of 3 months
duration) followed by a summer internship which is of 2 months duration.
Typical MBA program begins in the month of June
or July of a year. During the second term, companies will visit the b-schools
and offer an internship to students and the students would go for the internship
after the third term which is in the month of April or May. Depending upon the
performance in the internship, students may be offered placement.
Some of the b-schools in India have a MoU with
other b-schools (exchange programme) across the world which enables students to
go abroad and spend a semester (usually the 5th semester) at the
respective b-school. This develops a cross-cultural relationship and sensitivity
among students. During the sixth term of the full-time MBA program, students sit
for the final placements. The student who has a few years of work experience
will get a better package than the student who has no work experience.
Part-time MBA Program:
The course duration is normally 3 years (6
semesters). This program is best suitable for working professionals who could
not attend the regular classes. Students can pursue this course along with their
regular jobs and can attend classes in the evening. The classes will be
conducted on Saturdays, Sundays and other holidays as well. Part-time MBA
program is of immense help for students who otherwise can’t quit the job for
attending classes. Since this program is meant for the working professionals, a
student should have a few years of experience (usually 2 years) under his belt
to enroll for this program.
Executive MBA Program:
It is most suitable for corporate executives
(experienced working professionals), entrepreneurs and managers who can’t take
prolonged period of leave and still need an MBA degree to climb up the corporate
ladder. Students who pursue executive MBA will be normally in their middle age
or in other words in the middle of their professional career. Executive MBA
program helps students to improve their current knowledge and skills to have an
edge in their corporate career. The program is flexible and students can attend
classes in the evenings and also during weekends.
The course duration is normally 1 year and most
of the b-schools offer the degree in less than two years. The cost of doing an
executive MBA is costlier than the traditional MBA program and the cost varies
according to the standards of the b-school you wish to study. Students can avail
educational loans if they want to. Most of the nationalized bank and private
banks offer educational loans for executive MBA program. Also, few companies
offer sponsorship to students who want to take up this course. After getting the
degree, you can continue to work for the same company with more responsibilities
and with a higher salary.
Distance Learning MBA/Correspondence MBA Program:
This program is conducted completely in distance
mode. Students will not attend classes either regular or part time. Rather, they
will study themselves and appear for the final examination conducted by the
respective university. Students who cannot attend classes opt for the
correspondence MBA program to acquire management concepts. The syllabi for the
distance learning MBA is same as that of the regular MBA program. So the
students who pursue correspondence MBA receive the same theoretical knowledge as
their counterparts who pursue regular MBA program.
However, the market value of this program is
comparatively less than that of the regular MBA program. This is because the
students who pursue regular MBA actively participate in various classroom
activities like classroom presentations, group interaction, group discussion,
group projects, etc. So when a student attends regular classes, he or she gains
some real life experience and exposure to the corporate world. Obviously, a
student who pursues correspondence MBA program cannot get this kind of exposure
because of the nature of the program is that way.
Typically working professionals who need an
additional qualification in management for promotion enroll for this program. So
before enrolling for the distance learning MBA, one should confirm whether the
organization in which one works accepts the qualification acquired through a
correspondence program or not.
Advantages of having an MBA degree :
MBA degree plays a huge role in boosting earning
potential and career goals of an individual. And it has become an essential
requirement for anyone to make a big start among the huge competition that
exists in all fields. It increases employment opportunities and is relevant to
all fields of work. One can choose and specialize a particular discipline in MBA
or can also combine two fields that apply to him or her.
Career options for MBA Graduates:
In India, a Master of Business Administration
degree holds great value. In fact, MBA from prestigious institutions like IIMs
is considered to have even greater value in the country and beyond. This degree
offers access to the corporate world in an easier and better manner. With this
degree, you have the options to explore greater depths of the corporate world,
which is quite restrictive in other fields like Engineering, Law, Medical
Science, etc.
What is more advantageous about MBA degree is
that it is an option available to almost everyone, from any field. Even as an
engineering graduate, you can pursue Masters in Business Administration. After
all, business is for everyone! What is more important to realize that with this
degree there is higher penetration in the lucrative corporate industry and this
is something many graduates would want.
While many people know the inherent value of an
MBA degree, very few know the range of options available to MBA graduates. It is
to be noted that an MBA degree offers much more than what you read and hear
about. Here are some of the career options you can choose from, if you are an
MBA graduate.
Join the teaching profession:
Undeniably, teaching profession is the most
convenient and resourceful career option for any person belonging to any field.
You do not have to spend a lot of time at work, just a couple of lecture hours
where you can engage in active exchanges with students. Alongside, you can spare
some time for self-study. After an MBA, you can go for this profession. If you
have fared extraordinary well in academics, you might even secure a job in the
prestigious IIMs.
Start a business:
Isn’t it too obvious? Yes, starting up a business
can be an excellent option for an MBA graduate. He or she can apply the
knowledge and experience gained throughout the study years to a dream business
project. For an MBA graduate, it would be far easier to start up a business
because that is what MBA degree does to its students; it makes them business
oriented. It makes them explore the world of business the way it should be.
There have been many inspiring stories about MBA graduate successfully
establishing businesses and earning crores every year. All that is needed is
motivation and confidence!
Career in Accounting and Business Administration:
These two areas are made exclusively for MBA
graduates and therefore, can opt for a better career. MBA students who have
specialized in the area of accounting can choose to work in government or
private accounting departments. The responsibilities in such jobs vary, however;
the general duties are the preparation of taxes, managing accounts, accounting
consultation, etc.
As far as Business Administration is concerned,
interested persons can opt for managerial positions, human resource management,
and other kinds of operational management needed in the conduct of any business.
MBA grads can choose either and recent records show that these areas are
becoming highly attractive because of the increase in financial security.
Careers in the Finance sector:
Without a doubt, Finance is a sector where MBA
graduates can carve out their own niche. This sector offers plenty opportunities
to MBA graduates like jobs pertaining to financial analyst, finance officer,
banker, etc. This sector provides some of the most lucrative offers to MBA
graduates and that is why the sector is witnessing a steep rise in MBA
recruits.
Career in the field of Information Technology:
Another area where MBA graduates can engage in is
Information technology. In this area, MBA graduates undertake managerial
positions like project manager, system managers, etc.
Marketing:
Marketing is the most common career option among
MBA graduates. It involves advertising products, promoting projects through
events, public relations, etc. Marketing professionals are recruited by large
and medium-sized industries to undertake branding affairs.
Full Form of MBA: Marine Biological Association
MBA Full Form refers to
Marine Biological Association. It is an academic association or
learned society in the United Kingdom which undertakes marine biological
research. MBA was established in 1884 and was initially based in Plymouth,
England. Later it was moved to the Citadel Hill Laboratory in the year 1888.
Marine Biological Association is a premier organization with a very high
reputation across the globe for the research in the field of marine biology.
There are about 12 Nobel laureates who have
associated with MBA in one form or the other. Mr.Archibald Vivian Hill won Nobel
Prize in Physiology or Medicine in the year 1922 for his discovery of how muscle
produces heat. In 1963, Sir Andrew Fielding Huxley and Sir Alan Lloyd Hodgkin
won the Nobel Prize in Physiology or Medicine for their contribution in
discovering nerve impulse mechanism in animals. MBA has National Marine
Biological Library which supports the research scholars. It also publishes
Journal of the Marine Biological Association since 1887.
MBA Full Form: Monterey Bay Aquarium
Full Form of MBA refers
to Monterey Bay Aquarium. It is a California-based public
aquarium founded in the year 1984. It is located on Cannery Row, a waterfront
street in City of Monterey, California. It has thousands of animals and plants
which represents over 700 species on display. MBA is one of the biggest
aquariums in the USA receiving more than 2.5 million visitors per year. The
unique feature of this aquarium is that it exhibits both yellowfin tuna and
pacific bluefin tuna. And it also exhibits sea otter, jellyfish (or) jellies,
stingrays, etc…
MBA Full Form: Media Bloggers Association
Full Form of MBA refers
to Media Bloggers Association. It is a non-political membership
based association in the United States of America which supports and promotes
“citizen journalism” or the popularly known term “blogging”. Most of the members
of Media Bloggers Association are unknown bloggers. However, it includes few of
the most popular bloggers like Glenn Reynolds (producer of Instapundit), Liza
Sabater (producer of Culture Kitchen), Oliver Willis, Jeff Jarvis (producer of
BuzzMachine), etc. Of late, MBA has been criticized for claiming the sole
representative of bloggers though it only has a few of the prominent bloggers as
members. Any member who holds the membership for 50 years will automatically
become a life member and he or she is exempted from paying the annual fee.
Full Form of MBA: Massachusetts Bar Association
MBA Full Form stands
for Massachusetts Bar Association. It is a nonprofit voluntary
organization based in Massachusetts and has its headquarters in West Street,
Downtown Crossing. It basically represents a group of lawyers, judges, attorneys
and legal professionals. The purpose of this association is to promote legal
education, better administration and delivery of justice, to make law as a
respectable profession, etc… Members of Commonwealth of Massachusetts who
maintain good standing are eligible to become the member of MBA. Members alone
can vote and have the right to hold the office.
MBA Full Form: Main Asteroid Belt
Full Form of MBA refers
to Main Asteroid Belt. It is basically a region of our solar
system which exists between the orbits of Jupiter and Mars. This region is
occupied by thousands of asteroids and minor planets. The total mass of the MBA
is estimated to be 4% of the total mass of the Moon. There are four big
asteroids in this belt namely Hygiea, Ceres, Pallas, Vesta. These four asteroids
contain about half the mass of the asteroid belt.
Full Form of MBA: Market Basket Analysis
MBA Full Form refers to
Market Basket Analysis. It is a technique used to understand
the buying behavior of consumers. For example, if a customer is buying one group
of an item then he or she will most probably buy another group of the item
associated with the first group of the item. It is a simple logic that if you
buy a bottle of Pepsi then you will most probably buy a packet of chips. MBA
helps retailers to improve sales and by revenue through cross-promotional and
cross-selling programs.
Full Form of MBA: Montgomery Bell Academy
MBA Full Form stands
for Montgomery Bell Academy. It is a preparatory school based
in Nashville, Tennessee state which is a day school for 7th –
12th-grade students. This school was founded in the year 1866 after the American
civil war and governed by an honor system or honor code. MBA acts as a successor
to two well-established schools namely Western Military Institute and the former
University of Nashville. The school campus of Montgomery Bell Academy consists
of 8 administrative buildings and academic buildings, various athletic
facilities and a gymnasium. MBA offers 4 Advanced Placement programs which
include classes of Biology, Physics, Chemistry, Calculus, Comparative politics,
Statistics, and language of Latin.
MBA Full Form: Middle Bronze Age
Full Form of MBA stands
for Middle Bronze Age. It refers to the time period of the
human race between Stone Age and Iron Age. During this period weapons and other
tools were made of Bronze. Bronze is an alloy which is made of copper with about
5 to 10% of tin. People learned how to make various tools and weapons using
Bronze during this Bronze Age. Typical weapons made during middle bronze age
include; duckbill axe, leaf-shaped dagger (this has a wooden handle), narrow,
chisel-shaped axe, etc. The chariot was used as the vehicle for the
battlefield.
The Middle Bronze Age marked a period of the
First Intermediate Period (which is generally referred with Period in Ancient
Egypt). This period signified the self-government of city-states with great
wealth and prosperity. Cities were established with temples and large public
buildings. Orthogonal town planning was followed for establishing cities which
resulted in making streets at right angles. These cities were surrounded with
ramparts and massive fortifications for securing the cities from enemies.
Full Form of MBA: Main Battle Area
MBA Full Form refers to
Main Battle Area. It is a military related term which
represents a portion of the battlefield where the decisive battle should be
fought to defeat the invading enemy. Whenever a command is given the main battle
area has the mandate of extending rearward from the forward edge (with reference
to the battle area) to the rear boundary (with reference to of the command’s
subordinate units).