MBA in India Vs MBA Abroad

As far as higher education is concernced, the educational scenario has changed dramatically in India in the last decade. In the debate of an MBA in India versus abroad, as a student currently pursuing my MBA in India, I believe that an Indian MBA scores over an international MBA on several counts.
The main advantage is the cost. An MBA from any good B-school in the US or UK costs anywhere between Rs 25 to 50 lakhs, whereas Indian MBA schools charge ten per cent of the same amount. Secondly, when living abroad, you spend far more than you would in India, and as a result need to work there for at least a few years to recover the amount. This severely hampers your prospect of returning to India after the completion of the degree.
On the other hand, a student from a reputed Indian B-school always has the option to work at either place, since all premier B-schools have a significant amount of foreign placements taking place each year. Also, India is a vibrant economy today and corporates the world over value the pool of talent that exists here. In fact, people opt for positions in India to be a part of the growing economy. Lately there has been an increase in the number of NRIs coming back to India. In this thriving scenario, it makes sense to get your degree from an Indian B-school.
There has also been a steady increase in the number of tie-ups between Indian and foreign universities. Some of them include the SP Jain Institute of Management and Research with Virginia Tech, the Indian School of Business with the Wharton School-Kellogg School of Management, the Management Development Institute with Cambridge College, Great Lake & Yale, Welingkar College with Temple University, the Institute of Management and Technology with Fairleigh Dickinson University, Great Lakes and Yale University. Thus, with more and more premier international education its way to Indian shores, one can experience the benefits a international education and a lesser cost.
Also, Indian MBA courses have been expanding and growing significantly in recent years. MBA graduates from Indian B-schools have proved their mettle in the global working environment and are offered top positions in several organisations. Considering the purchasing power parity, initial expenditure (cost of the programme), initial placements, and growth in salary as inputs in decision, MNCs do not have to think twice before coming to India in search of middle and senior management talent.
In every Indian B-school, participants with two to five years of IT industry experience always fill a certain percentage of the batch. These students often have international exposure. Their multicultural experience adds value to the entire batch and programme as a whole. And to a certain extent, it compensates for the rich diverse cultural experience that is associated with a US or UK MBA. Finally, Indian B-Schools are more open to non-experienced candidates than international B-Schools, and thus prove to be advantageous to most people. Hence, keeping in mind today’s scenario, I believe that an Indian MBA is the way to go.

Next Generation GMAT Exam

The Graduate Management Admission Test (GMAT) will add an innovative new section designed to measure people’s ability to evaluate information from multiple sources.

The new integrated reasoning section, scheduled to be introduced in June 2012, will provide business schools with a window into how prospective students respond to the kinds of complex challenges they will encounter as managers in today’s information-rich business environment.

The coming enhancements to the GMAT exam stem from multiple surveys of business school faculty conducted during the past four years by the Graduate Management Admission Council (GMAC), owners of the exam. GMAC solicits input from faculty as a regular part of its commitment to continuously improving the GMAT exam.

The integrated reasoning portion of the GMAT will capitalize on innovations in technology and assessments and feature questions that further enhance the validity of the test. These questions include information from multiple sources, such as charts, graphs, and spreadsheets. Examinees will be asked to analyze information, draw conclusions and discern relationships between data points, just as they must do in business school.

“The new integrated reasoning section of the GMAT will be a microcosm of today’s b-school classroom,” said Dave Wilson, president and CEO of GMAC. “These questions will provide critical intelligence to schools about the ability of prospective students to make sound decisions by evaluating, assimilating or extrapolating data.”

The overall length of the GMAT exam (three and a half hours) will not change. The new integrated reasoning section will be 30 minutes long and replace one of two essays that are part of the GMAT’s analytical writing section. Admissions officers have stated and GMAC research has shown that performance on the essays is closely aligned, making a single essay acceptable for predicting performance.

The GMAT exam’s verbal and quantitative sections will not change. As a result, when the new section is introduced in June 2012, tests will be scored on the same 200–800 scale used today. Test takers will receive a separate score for the essay—as they do now—and another distinct score on the new integrated reasoning section.

The Graduate Management Admission Council (http://www.gmac.com) is a nonprofit education organization of leading graduate business schools worldwide dedicated to creating access to and disseminating information about graduate management education. The GMAT® exam was created in 1954 and is used by nearly 5,000 graduate management programs at approximately 1,900 business schools around the world to assess applicants.

More information about the GMAT exam is available at www.mba.com.

The Graduate Management Admission Test (GMAT), used for MBA admissions by a vast majority of business schools across the world will add a new section that will test advanced reasoning skills, starting June 2012.

The new section, known as ‘Integrated Reasoning’, will feature questions that will test skills of data analysis and interpretation, the ability to form relationships between information from multiple sources and form judgments.



Even though the ‘next generation’ GMAT will add another section, the total duration of the exam will remain the same at 3.5 hours (excluding the breaks). However, the Analytical Writing section will have only one essay instead of the two in the present avatar of the exam.



The GMAT exam’s verbal and quantitative sections however, will not change. As a result, when the new section is introduced in June 2012, tests will be scored on the same 200–800 scale used today. Test takers will receive a separate score for the essay — as they do now — and another distinct score on the new integrated reasoning section. The new score would thus look like something on the lines of 800/6/X, where X would be the score of the new Integrated Reasoning section.



“The new test will be launched on June 4, 2012 at all locations worldwide and registrations will begin six months prior, as they do at present,” Ashok Sarathy , Vice President of the GMAT Program told PaGaLGuY over telephone from the US. He added that there will be no change in the price of appearing for the GMAT as a result of the test revamp.



Those joining the classes of 2013-15 at b-schools worldwide would thus be the first batch to receive admits based on the new GMAT.



The Integrated Reasoning section



According to Mr Sarathy, the new section was added after a survey of business school faculty across the world including India about the additional skills they would like tested in the GMAT.

The section will feature questions that would require test-takers to use information from multiple sources, such as charts, graphs and spreadsheets to analyze information, draw conclusions and discern relationships between data points, just as they must do in business school, he added.

A sample Integrated Reasoning question released by GMAC consists of an interactive spreadsheet listing traffic data at 21 airports across the world. Test-takers can sort columns of the spreadsheet to interpret the data from different viewpoints. Questions that follow ask the test-taker to examine a few statements based on the data and determine which ones are true. Questions may also have more than one true statements. Other types of questions would test the ability to assess the reason for, or the likelihood of certain outcomes. Watch the video below or here for a demo released by GMAC

 

Mr Sarathy said that there would also be audio questions in the section, which will test the ability to listen to complex spoken material and form judgments, strengthen and weaken an argument or separate and convert data between arguments.

According to Dave Wilson, president and CEO of GMAC, “The new integrated reasoning section of the GMAT will be a microcosm of today’s b-school classroom. These questions will provide critical intelligence to schools about the ability of prospective students to make sound decisions by evaluating, assimilating or extrapolating data.”

Score scale, number of questions



GMAC has as yet not decided the number of questions in or the scale it will use to score the Integrated Reasoning section. “We are currently in pilot mode and will test the questions with 3,000 more students to determine how many to include in the section and how much of a question bank to create,” Mr Sarathy told PaGaLGuY.



On the score scale for the new section he said, “Once we finalize the questions, we will go to admission directors and ask them to define the scale. Since they have to use the scores, they will know best what scale to use for differentiating the candidates.”



Effect on the Analytical Writing section



In the present format, the Analytical Writing section requires the test-taker to write two essays, one on the analysis of an issue and the other on the analysis of an argument. Post-revamped launch, the section would shrink to just one essay, which could either be on the analysis of an issue or of an argument.

“We have been researching on the scores of these essays and admissions directors have said that performance in the two essays is correlated,” said Mr Sarathy, “so we decided to do away with one.”

Managing the launch



In the 2012 admission season, b-schools would thus receive two types of scores — from the tests taken before the new GMAT launch and those from the new format. “The verbal, quantitative and analytical writing scores would be common to both the old and new GMAT scores. After June 2012, schools will have one additional score component. It is upto them to decide how they will compare the two types of scores,” said Mr Sarathy.



In all likelihood, there would be a rush to take the GMAT in its old format in the months preceding June 2012. GMAC on its part will make the new GMAT sample test material available on its website. “We will also be working closely with test preparation companies around the world to make sure that students are as prepared as possible to take the new format,” said Mr Sarathy.

GMAT vs GRE

In recent years, the GMAT exam has had a growing rival in the Graduate Record Examination (GRE), traditionally used for applying to programs in arts and sciences in the US. The upgrade received by GMAT will help it in strengthening its competitive edge against the GRE.

GRE, though is giving a good fight. It has in the past couple of years convinced some big name b-schools such as Tuck-Dartmouth, Stanford, Wharton and others to accept the GRE score for their MBA admissions. With a revised b-school-focused version of GRE set to launch in August 2011, coupled with their ‘Personal Potential Index’ offering, GRE is aggressively pursuing GMAT’s traditional stronghold.

IIMA to set up additional campus in Hyderabad

The Indian Institute of Management (IIM), Ahmedabad is looking at setting up a campus at Hyderabad to offer executive education. In a press notification dated June 29, the institute spokesperson said, “At the instance of the Government of Andhra Pradesh, the Indian Institute of Management, Ahmedabad is engaged in discussions with the Government of Andhra Pradesh for setting up an IIMA campus in Hyderabad.”

The school has recommended the AP government to allocate 150 acres of land and Rs 100 crores in funds for establishing the campus. The recommended area is even larger than the IIM’s original campus at Ahmedabad, which is spread over a total of 116 acres.



“The Institute plans to begin operations by offering Executive Education Programs and subsequently it may explore the possibility of starting academic programs on the campus. The Institute would attempt to link the campus at Ahmedabad with the Hyderabad campus through use of technology, for seamless operations between the two campuses,” added the press statement.

IIMA will be the second IIM to set up an additional campus, the first being IIM Lucknow which set up a satellite campus in Noida in 2005 to offer part-time and executive programs.

The Hyderabad campus materializes as part of Andhra Pradesh’s Late Chief Minister YS Rajasekhara Reddy’s agenda to make Hyderabad an education hub. During his regime, he had aggressively wooed institutions such as IIM Bangalore, Institute of Management Technology (IMT) Ghaziabad, NMIMS Mumbai and Indian Institute of Science (IISc) Bangalore to set up campuses in the state. Of these, IMT and NMIMS had accepted the invitations and received land allocations, while IIM Bangalore had declined the offer citing faculty constraints. While IIMA had received the offer more than a year ago, the institute had held back on a commitment due to the political turmoil in Andhra after YS Rajasekhara Reddy’s death followed by the Telengana protests.

Talk with a Cat Cracker

Be sure in yourself that you want to do MBA. It is not the end of the world if you don’t want it.".

Vipul Goel, IIM Lucknow (2009), IITD (2005), discusses with a leading website about his mba preparation journey and making it to best mba college in India.

1. Tell us something about yourself.

I am a Delhi guy since the start. I have done my engineering from IIT Delhi. Worked in a MNC for two years and then went for higher studies at IIM Lucknow. At present I am working in another MNC.



2. Why did you choose IIM mba Lucknow?



The reason for choosing IIM mba Lucknow was it being one of the premiere institute for pursuing MBA in India. The broader perspective to business world and the chance to pursue studies according to your choices and interests were some of the factors which supported the fact.

3. Tell us something about the life in IIML?

IIM Lucknow is a place where you get a chance to meet people coming from all walks of life. A fresher coming out of a small college in India as well as people who ended up as as COO of some top firms (after graduation), people who have written books, people who have worked in army. Ofcourse, geographical diversity of the place can never be missed. All this can provide a different aspect to one’s outlook in the life.

Other than that almost all batchmates were super enthusiastic people who take interest and pride in their work. The quality of the teams in which I have worked throughout the period was amazing. Before MBA I was a person who wasn’t confident in interacting people with various walks of life which I felt is a hindrance in reaching the top. Presently I enjoy interacting with all which I believe. This is the biggest change in myself.

The life of MBA isn’t over without mentioning the number of clubs, committees and competitions which help one in fulfilling their interests in academic interests as well as in fine arts.

4. What made you leave your well-settled job and go for a full time MBA?

Leaving a well-settled job and high paying job is never an easy decision. One needs to be absolutely sure that they want to go for it. Difference it might make to one’s career is reaching your career advance in a Ferrari then by a Honda

5. How did you study for mba entrance exam?

I never studied for CAT. That was the only exam I appeared for. I simply kept my cool on the day and cracked the same.

6. What was your strategy for GD/PI?

For GD, I only spoke my points which I felt relevant. I always avoided entering a fish market. Idea is to make your points early to give structure to a presentation or give new direction if no new points are coming up. Please don’t try to be a leader of the group as usually most of the contemporaries are aggressive enough themselves and this strategy can backfire.

In PI, be yourself. Don’t try to fake your reasons for doing MBA or your achievements. Confidence is a must as you never know, what question can come up next. I have seen interviews going in very different direction then expected. Also, don’t indulge in asking those who had given interview first as to what their experience was or what questions were asked as it only hampers your open mindedness.

Just a fact that my IIM mba Lucknow interview has lasted less than 8 minutes, ended on a seemingly bad note as per others. I ended up among top 20 entrants there.

7. According to you, what is the right time to go for an MBA. Should economic scenarios drive an individual MBA plans?

In short term yes economic scenario can drive an individual’s MBA plans. On a longer term however, it doesn’t matter. You get to learn much more during adverse times which can guide you better when times change.

8. Any advice for future mba aspirants?

Be sure in yourself that you want to do MBA. It is not the end of the world if you don’t want it. Hundreds of career waiting which can make you earn much more if you are a top performer in them.

What IIM CAT really wants??

The IIM scaling model is as follows:


Section Scores = 0 to 150 Total Exam Score = 0 to 450



Four scaled scores are presented for each candidate: an overall scaled score and three separate scaled scores for each section. As the three sections evaluate three distinct sets of knowledge and skills, scores do not correlate across sections. A high score in one section does not guarantee a high score in another section. Percentile rankings are provided for each individual section as well as for the overall exam score.





The CAT exam was developed to accurately identify top performing candidates and that design makes use of a scaled score range of 0-450.

In order to appropriately identify the top performing candidates, the CAT exam was, by design, very difficult. As would be expected with the more difficult CAT exam, no candidate answered 100% of the items correctly and no candidate achieved the top theoretical score. The exam design accomplished the goal of identifying the top performing candidates who were, indeed, ranked at the top of the list.

If the exam were designed to be substantially easier, it would be theoretically possible for a candidate to achieve a score of 450. However, an exam constructed to be that easy would not serve the distinct purposes of the IIM.

Some essentials to do during the last 90 days to CAT

Hi

With just about 90 days left for CAT here are some things any serious cat aspirant should follow religiously.



First things first. You have less than 15 days to send your completed CAT application forms to the IIMs. So do it as soon as possible. Do not wait for the eleventh hour to send your application and pray that the courier delivers it on time. If you still have not got your application, you have about four days left to get it from one of the IIMs. So do it now!

Here are some of the things that worked for me as I prepared for CAT and things have worked for many others to whom I have had the opportunity to assist in their CAT preparation.


1. Have a clear strategy before your Mock CATs - fine tune it - and use it on November 21st.
Most wars are won not on the power of the ammunition and armor a country possesses but on the power of its think tank. The same is true when it comes to CAT. Before you take any CAT comprehensive test put down on paper the strategy that you want to adopt for that test.


Though the last few CATs did not have any section wise time limit, it would be to your advantage to set those limits yourself.
Typically, students spend about 30 minutes in the verbal section, 40 minutes in the DI section and 50 minutes in the Quant section. This split could vary from individual to individual.


Having set this limit, shave off 5 minutes from each of the sections and keep those 5 minute blocks as reserve. After the first 105 minutes of the test, take a quick call on your performance. If you realize that you have done equally well in all three sections, spend the last 15 minutes in the section that is likely to give you the maximum returns. On the contrary, if you realize that you have not done particularly well in a section, spend the last 15 minutes in this section.


This way you never run short of time for any section. Also this strategy helps you to maximize your returns within the given time frame.

Essentially, do not ever start the test without assigning time limits for the different sections of the test.

Aligarh Muslim University (AMU) MBA Entrance Exam 2010

On this page, we have tried to provide details about the Aligarh Muslim University (AMU) MBA Entrance exam 2010 that take place in India.




As far as we are concerned, the information about the Aligarh Muslim University (AMU) MBA Entrance exam 2010 provided here are authentic and correct, but we would still insist you to verify them with the concerned authorities.



Introduction:



The history of Aligarh Muslim University can be traced back to 1875 when Sir Syed Ahmed Khan established the Muhammedan Anglo Oriental College. The college became a full-fledged University in 1920 and today Aligarh Muslim University offers more than 250 courses to both Indian and Foreign Nationals. In 2010 the AMU MBA Entrance examination will be held on the mid of May, 2010.



Admission to the MBA/MBA (IB), MFC/MTA courses shall be made on the basis of Aligarh Muslim University Combined admission test (CAT), group discussion and interview. Selected candidates in the written test would be called for group discussion and interview/aptitude test.



Eligibility: For getting admitted to the Aligarh Muslim University the candidate needs to be a graduate in any discipline with at least 50% marks in aggregate.



Test Pattern: The three hour AMU MBA Entrance examination would test the General Awareness, Data interpretation and numerical ability, comprehension and verbal ability of the students.



Obtaining the Application Form of AMU MBA Entrance Exam 2010 the prescribed application form and the guide to fill up may be downloaded from the website - www.amucontrollerexams.com

MBA IN INDIA

Top MBA Institutes in India | Distance Learning MBA Schools | MBA Information Accelerated MBA | Executive MBA programs | Part time MBA | MBA in India | MBA Programs India

The Master of Business Administration (MBA) is a master's degree in business administration, which attracts people from a wide range of academic disciplines.

TOP BUSINESS (MANAGEMENT) SCHOOLS IN INDIA
Business schools are cetegorized as I TIER, II TIER and III TIER. ALL the IIM colleges and ISB comes in the I Tier category and XLRI, XIM ,SPJIMR, great lakes, FMS, IIFM comes in second and 3rd Tier categories.To know the top management colleges in india or top MAT colleges in india check Top MBA Schools

ABOUT MBA
The MBA designation originated in the United States, emerging as the country industrialized and companies sought out scientific approaches to management. The first American business school, Wharton School of the University of Pennsylvania, was established in 1881, 62 years after ESCP-EAP was established in 1819 in Paris. The Tuck School of Business, part of Dartmouth College, was the first graduate school of management in the United States. Founded in 1900, it was the first institution conferring advanced degrees (masters) in the commercial sciences, the forebearer of the modern MBA. Founded in 1898, the University of Chicago Graduate School of Business, the second oldest U.S. business school, was the first graduate school in 1940 to offer working professionals the Executive MBA (EMBA) program, a mainstay at most business schools today.

Basic types of MBA programs
Full-time MBA programs are the most common, normally lasting two years. Students enter with a reasonable amount of prior real-world work experience and take classes during weekdays like other university students.

Accelerated MBA programs are a variation of full time programs, lasting 18 months or less, involving a higher course load.

Part-time MBA programs normally hold classes on weekday evenings, after normal working hours. Part-time programs normally last three years or more. The students in these programs typically consist of working professionals, who take a light course load for a longer period of time until the graduation requirements are met.

Executive MBA (EMBA) programs developed to meet the educational needs of managers and executives, allowing students to earn an MBA or another business-related graduate degree in two years or less while working full time. Participants come from every type and size of organization – profit, nonprofit, government — representing a variety of industries. EMBA students typically have a higher level of work experience, often 10 years or more, compared to other MBA students. In response to the increasing number of EMBA programs offered, The Executive MBA Council[4] was formed in 1981 to advance executive education.

Distance learning MBA programs hold classes off-campus. These distance mba programs can be offered in a number of different formats: correspondence courses by postal mail or email, non-interactive broadcast video, pre-recorded video, live teleconference or videoconference, offline or online computer courses. Many respectable schools offer these programs; however, so do many diploma mills. Potential students should check the school's accreditation before undertaking distance learning coursework

MBA ENTERENCE EXAMS LIST IN INDIA

MBA Entrance Exams List




—» AIMA - Management Aptitude Test ( MAT ) Results 2010 MAT Results 2010...
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—» AMU - Aligarh Muslim University AMU MBA



—» AIMT - Army Institute of Management & Technology Entrance Exam AIMT Entrance Test...



—» BIMTECH - Birla Institute of Management Technology BIMTECH Exam...



—» Bharati Vidyapeeth University - All India Entrance Tests Admissions to Management Courses Bharati Vidyapeeth University MBA Pune...



—» Asia Pacific Institute of Management More Details...









—» AIMA Management Aptitude Test ( MAT ) MAT May Results...



—» Orissa Joint Entrance Examination - Orissa JEE Exam Results 2010 Orissa JEE Results...



—» BIM - Bharathidasan Institute of Management (BIM) BIM Exam...



—» CAT - Common Admission Test CAT Entrance...



—» CMAT - Calibre Management Aptitude Test CMAT Test...



—» EMAT - Electronic Management Aptitude Test EMAT Test...



—» EMPI - Entrepreneurship & Management Process International Business EMPI Exam Date...



—» FMS Entrance Test - Faculty of Management Studies Entrance Test FMS Exam...



—» FSM Entrance - FORE School of Management FSM...



—» GMAT - Graduate Management Admission Test GMAT Exam Details...



—» GIM - Goa Institute of Management GIM Entrance...



—» HP CMAT - Himachal Pradesh Combined Management Aptitude Test HP CMAT...



—» IBSAT - ICFAI Business School Aptitude Test IBSAT Exam...



—» IGNOU OPENMAT - Indira Gandhi National Open University OPEN Management Admission Test IGNOU OPENMAT Exam...



—» IMI PGDM - International Management Institute IMI Exam...



—» IIFT - Indian Institute of Foreign Trade IIFT Exam...



—» IPMG - Institute of Petroleum Management IPMG Exam...



—» ISMU MBA - Indian School of Mines University ISMU Entrance Exam...



—» IMDR - Institute of Management Development and Research IMDR Entrance Examination...



—» IIBF - Indian Institute of Banking & Finance IIBF Exam...



—» IISWBM - Indian Institute of Social Welfare & Business Management IISWBM...



—» IITD Department of Management Studies IITD



—» IIIT - Indian Institute of Information Technology IIIT...



—» IRMA - Institute of Rural Management Anand IRMA...





—» JEMAT - Joint Entrance Management Aptitude Test JEMAT Exam...



—» JMET - Joint Management Entrance Test JMET Entrance...



—» JIMS - Jagannath International Management School JIMS MBA...



—» JBIMS - Jamnalal Bajaj Institute of Management Studies JBIMS Entrance...



—» Karunya School of Management More Details...



—» KIAMS - Kirloskar Institute of Advanced Management Studies KIAMS...



—» SIMSR PGDM - KJ Somaiya Institute of Management Studies Research SIMSR PGDM...



—» KIITEE Management Entrance Examination KIITEE Examination...



—» LBSIM - Lal Bahadur Shastri Institute of Management LBSIM...



—» MAT - AIMA Management Aptitude Test MAT MAT Exam...



—» MDI - Management Development Institute MDI Admission MDI Entrance Exam...



—» MAH CET - Maharashtra Common Entrance Test for MBA/MMS/PGDBM/PGDBA Admission MAH CET



—» MICAT - Mudra Institute of Communications Ahmedabad Admission Test MICAT Entrance Test



—» MBS - Mumbai Business School MBS Mumbai...



—» NIBM - National Institute of Bank Management NIBM Exam Pune...



—» NDIM - New Delhi Institute of Management NDIM New Delhi...



—» NUIM - Nirma University Institute of Management NUIM Exam...



—» NITIE National Institute of Industrial Engineering NITIE Exam...



—» NMAT - Narsee Monjee Management Aptitude Test NMAT Exam...



—» PIMR - Prestige Institute of Management and Research PIMR...



—» UBS Panjab University - University Business School More Details...



—» RMAT - Rajasthan Management Aptitude Test RMAT Exam...



—» Skyline Business School More Details...



—» SDM Institute for Management Development (SDM) More Details...



—» SPJIMR - S P Jain Institute of Management & Research SPJIMR...



—» SNAP - Symbiosis National Aptitude Test SNAP Exam...