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What exactly is MBA in Finance for management Graduates in India

by Sameeksha Khanna 29. January 2012 08:19

We all know the importance which an MBA in Finance plays in the overall development of a firm. For a business to be successful, it is important to know the financial risks and rewards. Good finance management also allows a company to ensure ideal use of their investment value. Needless to say, finance is the most central and therefore most complicated area of a business. Therefore, small and large businesses are always keen on hiring professionals who are trained with specialist skills and knowledge required to manage the finances of a company.

With the rise in demand for finance professionals, specialised full time MBA courses have become popular. A full time MBA degree in Finance is a two-year degree program that combines theoretical knowledge with practical application to ensure that a pass out of MBA (Finance) is able to start work as soon as they join an organization and implement it at an ongoing one.

An MBA in finance allows one to gain comprehensive knowledge on all facets of trade and business practices, along with in depth knowledge on the procedure and documentation related to financial services. A finance management degree therefore covers all skills related with finance as a part of business administration. An MBA degree with specialization in finance opens up opportunities not only for various sectors but also for investment banks, corporations, and securities firms that have become very good paymasters in the recent past. Finance graduates are often absorbed as controllers, cash managers and treasurers. Some other positions available for finance graduates include credit managers, investment associates, risk managers, management consultants and CFOs.

Although this subject is about nail-biting accounts, it is a preferred option for MBA students because of the prospects it has in the corporate world. Last year educomp MAPS saw great summer placements with financial firms like Nomura, HDFC etc coming to campus. A finance degree allows one to gain the skill set required to undertake financial strategy for any company. The primary job of a finance person is to create financial analysis and reports that can be used to take important business decisions. By making changes to a company's finance management, a manager can make a tremendous difference to the profitability of a company.

Therefore, a good MBA in finance gives one the opportunity to impact the path to success for any company they work with. With the right analytical skills and practical vigor, a finance graduate is a heady mix for any organization aspiring to fight a financial downturn or wanting to make the most of a financial upswing.

At Educomp MAPS, we do all we can to ensure that we are able to deliver maximum value to the students and in finance we have the best faculty from the best institutes including the IIMs.

 

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What exactly is MBA in marketing for management Graduates in India

by Sameeksha Khanna 29. January 2012 08:15

In the present job market having an elite MBA/PGDM degree is more likely considered to have achieved the ultimate level of business education. Today MBA is considered to be a lucrative career option especially in a country like India where there is a dearth of professional management. According to a survey it has been found that this degree is really important for those who want to achieve top management positions in multinational companies round the world. It is really important following the trend of global economy which has it's tended towards a more corporate and service oriented economy. More precisely a business is mostly run by the skillful ability of an MBA graduate.

Sometimes the aspirants are left with a confusion or doubt about what to choose between achieving a MBA degree or engaging in some sort of work. But the wise decision is always to go for MBA as it will compensate altogether the years of study by giving oneself a good employment in terms of service and salary. Generally an MBA is a two year program in which at the initial year the company focuses in teaching basic business strategies often required by a business manager including corporate finance, economics, strategic planning, marketing, accounting etc. At the end of first year a student can choose their subject of interest to do their MBA. In a word doing an MBA not just bestows with a good future but also a respectable position that every aspirant dream of in their life.

Selecting a career in Marketing is a great choice. Mainly the job responsibility includes fulfillment of certain business targets within the speculated period of time. Those graduating with a degree marketing have several business positions like marketing manager, brand manager, market research analyst, product manager and several others. In addition to that there are several other positions available including sales manager, advertising manager, PR director, marketing communications manager etc. Its not just in today but always there is a bulk requirement of marketing graduates in the fields of advertising, direct marketing and specialization in communication. Sometimes the companies hire marketing MBA's as strategist, new product developers and specialists in customer segmentation.

In an MBA career path selecting the right institute is always a matter of concern as it finally adds to the value of one's degree. Several institutions are available worldwide which provides this career opportunity. But the situations are not same for all as some cannot go for full time courses and for them comprehensive courses are available which is helpful to continue for students as well as working executives. Even with and digital media coming in there would a be lot of opportunities in the digital media space being created for working professionals alike.  The remuneration is constant but it improves with the years of experience in service.

Coming to the point of eligibility, a graduate with 60% marks in graduation is eligible for MBA in marketing. Students specially of the Indian origin take admissions on the basis of entrance tests like CAT/MAT tests etc.

Educomp MAPS takes pride in the fact that we have great faculty that from IIMs, a very active placement cell and brand name of Educomp and Raffles which are premier education institutes in India and Singapore respectively, specially for marketing we beleive that our faculty is top class.

 

 

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What the managers of today must know about communication?

by Sameeksha Khanna 12. January 2012 02:52

When managers talk about communication, it just not the telephonic calls and few mails exchanged, but also how they connect to their employees, clients, competitors and all those who are directly connected with them in terms of management. If their communication skills are substandard or ineffective, there can be more losses than benefits that they make or the company.

 In such a scenario it becomes crucial for the managers of today to be updated in terms of effective communication, be it virtual or in person. Every mail, conversation and negotiation that they conduct is crucial in corporate world.

When effective communication is concerned, it is important that you as a manager are well articulate and express your feelings effectually. While this does not imply being overly sensitive or loaded with heavy vocabulary, but entails the right way of delivering the words and content in a conversation and the message that needs to be conveyed. For this you might even have to place yourself in the other person’s shoes and empathise many times. The attitude and the way a conversation is conducted can have a great effect on others and hence it is important that the conversations held are clear, precise yet meaningful.

Further, whenever you are engaged in an interpersonal communication process, it is vital you pay attention. Being pre-occupied or acting distracted kills the effect that the conversation might have otherwise had on the other person. Undivided attention is what you need to provide others with when they are discussing important matters. Further, you should not only talk well, but should also allow others to present their point with as much respect. This adds to the reputation of being a better listener. A manager, who pays attention, responds at right places, paraphrases the key points to get a clearer picture and discusses relatively, never fails. This might take a lot of effort initially, but is an essential quality for good managers. Remember, the discussions can be short if you are time-pressed, but should be worth every minute spent.

Lastly, try not being too quick to evaluate a new idea that is presented to you. Let the discussions carry on and understand the entire concept with its pros and cons. Do not cut short the communication and jump to conclusions if you think the idea doesn’t hold much relevance. Hold yourself until the entire communication is finished and then keep your point forward. This will not only get the respect of being mature but will also establish your reputation as being far-sighted and responsible.

 

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