Today we will discuss about MBA degree, Its important in year 2021, how to choose wisely best MBA colleges, Corporate training, Entrance test for Admission, MBA and Afterwards, MBA’s Mock Group Discussion and how to discuss case study?
You will read here more important article on Best Career Guidance.
Let’s start reading about all above topics of Master of Business Administration (MBA).
Ask any MBA aspirant why he wants to do MBA and the answers follow predictable lines. Everyone wants to work in a multinational company and earn a fat salary, or is preparing for it since friends are into it. Few actually know what to expect from the profession.
Almost everybody talks of a cousin or friend who has made it big in some company or the other.
It is no wonder that the average student and even people in other professions and jobs have caught the MBA bug. When making money has become the central objective of life, who wants to be stuck in a career that offers less?
Lack of information and counselling results in young people applying in hordes whether they have the aptitude or not, and the mushrooming of sub-standard institutes catering to the demand, which provide MBA degrees that can only be described as worthless.
Very often, a person finds that the MBA degree does not get the promised job in the multinational and frustrations arise.
Moreover, if every MBA were to be taken by the multinationals, who would work for the Indian companies, some of which are as good as, or even better, than any multinational?
The Management Education Scenario in 2021
Management education in the country can roughly be divided into four groups. At the top are the reputed institutes and some university departments which have maintained the high quality of their education. The second rung institutes are those started by industrial houses, which offer some surety of a job after the course.
The third rung are university departments which have not been able to impart quality education but can provide jobs in regional industrial groups.
The fourth rung are those institutes which have neither the advantage of low fees of a university nor the backing of an industrial house. In recent times, a number of academics, retired people, politicians and others have started such institutes which remain essentially money making devices.
Which institutes should one, apply for? Obviously, the competition for the top institutes is great, since everybody wants to do the MBA from one. There is no surety of getting in. It is, therefore better to spread risks and apply for institutes which are lower down also.
One should not apply to many of them, since each application costs about Rs 1000 and applying to all would mean spending a small fortune. Depending on one’s ability and confidence, one should select one or two institutes from each group and apply accordingly. Of course, the prospects and jobs decrease as one goes down to the lower rung institutes.
Students also have a problem in assessing an institute. There are several yardsticks available and one should not go by the beautifully printed prospectus that they have. Some important considerations are: whether the institute has a permanent faculty and whether the faculty is professionally qualified.
Many institutes depend on contractual, part time faculty members. The commitment of the part-time teacher is never total. Others depend on researcher-type teachers who have no idea how real businesses operate. What is required, instead, are people who have a practical orientation and experience.
One should also check which jobs the institute is able to get for its graduates. Usually, some students get good jobs using their own contacts, which the institute then prints in its prospectus. It is important to see how industry rates the institute.
Unfortunately, the student has no way of getting this information. There is no rating agency and each institute makes tall claims about its degree. The All India Council of Technical Education (AICTE) has given its approval to many institutes without going into their merits.
This has caused great problems for students who have no yardstick to go by except the AICTE approval, which does not mean a thing. The situation is further complicated by the fact that some are worthless institutes; recently some of them have been sent notices by the MRTP?
Such institutes not only have very high fee, but use the ‘NRI Quota’ to circumvent the law on donations and only take in students who can pay more. The degrees awarded by them are quite useless.
Also check for state wise list of list of top MBA colleges in India.
Training For The Corporate World
But these are not questions that bother the MBA aspirant. Clearing the entrance test and joining the course are the immediate hurdles and it is commonly believed that once a person gets in he will most certainly become an MBA.
Contrasted with courses for Chartered Accountant or Company Secretary, where some people get caught in the trap of repeating groups of papers, the MBA is a safe option.
Not surprisingly, the sense of achievement in the MBA student is very high. The course becomes one huge ego trip. Many students do not spend as much time on their training as they should, thinking that the MBA stamp will take them through jobs.
This is only partially true. No company takes a person for his label alone, but for what he can contribute. The MBA is chosen for his professionalism and his training, his skills and his ability to manage. The two years of training are therefore best spent in acquiring these skills.
How are these skills acquired? First, it requires gathering knowledge and insight. Many students are used to their undergraduate classes where notes are made and some questions are mugged up near the exams, which is enough to see them through.
The management course is unlike any of those courses. Application of knowledge and not mere bookish knowledge is required. That is why the good institutes by emphasis on case discussions and group assignments.
The student must learn everything that may be required in business situations. A good personality should be developed. Unfortunately, many lower-rung institutes and university departments do not have facilities for personality development or teachers trained in group methods.
The result is a stunted MBA which no good company would like to touch. It is thus important to do the course from a reputed institute.
The bad institutes do not insist on hard work simply because they are not committed. There is emphasis on partying and having a good time.
Many institutes in Delhi and elsewhere are known for such activities. To hide their shortcomings, they have collaborations with fancy sounding foreign universities and introduce exotic courses like yoga, spiritualism and “Eastern Management”. One institute advertises a golf course and swimming pool on its campus. The corporate sector is usually not impressed by such gimmicks.
Many students come to grief when they find that their expensive diplomas are not good enough to get them jobs. In many institutes, the toppers get the good jobs but the average students have to accept lower offers.
Youngsters who believe that merely the MBA label is a ticket to the good life face serious adjustment problems and frequent change of jobs. The MBA, in fact, should be treated only as a time to prepare for the corporate world.
Qualities To Be Acquired
A good institute, on the other hand, puts pressure on the students to be on their toes and updated in their subjects at all times. Graduates report that in certain semesters they get very little sleep, so hard is the pressure to perform.
Tests are announced at the last moment when the students are preparing to sleep, so that a person must be updated in all subjects at all times.
Case studies enhance the applicability of concepts and theory to real life situations. This results in a person acquiring professional competence. Ultimately, the MBA must be seen as preparation for entry into the corporate sector.
A competitive spirit must also be developed. A corporate career is not one for comfortable jobs and the sooner a person acquires the competitive spirit, the better off he will be.
Since any job in a company will require a person to make presentations and to convince others, a person must learn presentation skills and be a natural leader. Ability to take good decisions under pressure is also required.
Many skills, such as quantitative analysis, are learnt from books but analysis of business situations is also required. This is done through case studies.
The summer training is another method of using the knowledge in real life situations. The training should be used as an opportunity to prove oneself and some meaningful work should be done.
Professional competence is rewarded when the summer training results in an offer of a permanent job on completion of the degree. In this way, many students find jobs during their summer training, much before the actual completion of their course.
A student must keep a level head even though everybody he meets says that clearing the entrance test was a big achievement.
The real achievement is to come after two years when jobs are required. The years in the institute should be utilised to learn the skills in the best possible way. If the student is not busy enough, the MBA degree will be worthless even though it may have a fancy name.
One of the myths that students have is that they will become senior managers the moment they complete the MBA. Certain companies have found that expectations and ambitions of MBAs are difficult to meet and they have taken policy decisions not to hire fresh MBAs.
Though the MBA is a coveted degree, it becomes important to keep a level head and keep one’s expectations low. According to the hype, an MBA is a senior manager, but fresh MBAs are usually taken at the level of management trainees. Initially, some low and tedious work may have to be done.
If a student is not reconciled to this, frustrations are bound to arise. Job hopping is common, which ultimately hurts the career of the youngster. Further, the company too has its expectations from the management graduate to whom it is paying a high salary.
The second part of the article will describe what is expected of the MBA in a company. Somewhere, the expectations have to be reconciled for the high growth career of management to be a success.
Opportunities in Management
Rapid expansion of Industries in India has opened new vistas for excellent opportunities of careers in management. New Economic Policy of liberalisation and decontrols has increased the demand for managerial personnel in the corporate sector.
Advent of multinational companies, which has just begun, may further increase the quest of the industrial sector in all fields of management like Finance, Production, Marketing, Personnel and Administration.
The careers in management offer one of the best remuneration package in the country, particularly in the private sector. Recent decision of the Government to raise the upper limit of monthly salary to the managers to Rs 50,000 has made careers in management even more attractive.
In addition to best of the salaries offered by this career, it also offers outstanding developmental opportunities to enable the competent and dynamic managers to rise to the level of Chief-executive. Several Indian professionals today are working as Managing Directors in many multi-nationals.
Management professionals from India are also in good demand in international market. Private sector today offers rapid advancement to result-oriented professionals. Excellent perks are offered which may include free accommodation free conveyance/attractive conveyance allowance, CPF, leave travel concession, medical allowance/reimbursement etc.
Those who prefer Public Sector Undertakings (PSU), may join these undertakings at several levels. The managerial hierarchy and pay-structure in most of the PSU’s is pre-determined and also includes some perks, though not as attractive as offered by the private sector.
Areas in Management Services
MBA course has wide range as it provides specializations for many fields; which is the only reason students from diverse backgrounds apply for the course as they achieve management plus specialization in their desired field.
Specializations in MBA are Human Resource (HR), Marketing, Pharmacy, Industrial Management, Hospitality and Tourism, Sport Management, Finance, Entrepreneurship, Telecommunications, Health Care, IT etc.
Marketing, Finance, Production and Personnel are the four major areas in management with each having several sub-branches.
Marketing Management includes sales, purchase, international marketing (exports-imports), advertising, marketing strategy, materials management, consumers’ behaviour, market development and research.
Financial Management includes all the aspects relating to finances, investments, financing decisions, portfolio management, project management, working capital management, international financial management, etc. Production Management takes care of Production methodology, costing, operations research and quality control etc.
Personnel Management deals with the most complicated aspect i.e. management. It looks after the areas of Human Resource Development (HRD), recruitment, training, management-union relations, labour and personnel policies, organisation behaviour, management of change and general administration.
A degree of Master in Business Administration (MBA) is considered to be the gateway to careers in management. While choosing the area of specialisation in management, the candidates must gauge their aptitude for a particular aspect of management.
Candidates with commerce background usually go in for Financial Management and the technical graduates with science or engineering degrees usually choose Production Management. Rest of the candidates choose Marketing Management or Personnel Management, depending upon their aptitudes and flairs.
Master of Business Administration is normally considered to be the basic and ideal post-graduate qualification for taking up a good and rewarding career in management. As per one estimate, every year about 5000+ MBAs are churned out by Indian Institutes of Management (IIMs) and a host of other universities and recognised institutes/deemed universities.
A candidate with a Best MBA Degree Program finds no problem in getting a good job and freshers are usually inducted as Management Trainees for one to two years, before getting absorbed in regular scales. After a few years of experience, MBAs may choose the job of their own liking at very attractive terms.
Several institutes/universities also offer post-graduate diplomas of one to two-year duration on Business Management, Marketing Management, HRD, Personnel Management and Labour Welfare, Basic Finance, Financial Management, Materials Management, Operations Management, etc.
But as a matter of rule, MBA degree is considered to be ideal by the job-seekers as well as the employers. Diplomas also assist in finding good openings, provided these are supplemented with some relevant experience.
One of the toughest steps in this direction is to get admission for MBA degree. All graduates with minimum 50 per cent marks are eligible for admission. The admission is through an entrance test, which offers very tough competition.
Some universities keep some seats reserved for “internal” students who graduate from the same university, apart from the prescribed reservations for scheduled caste/scheduled tribe candidates.
The most prestigious degree of MBA is the one awarded by four Institutes of Management (IIMs) located at Ahmedabad, Calcutta, Bangalore and Lucknow. In addition, some universities of repute also carry out MBA programme.
Some of these are Delhi University, Gujarat University, Bombay University, Madras University, Calcutta University, Punjab University, Aligarh Muslim University, Banaras Hindu University, Allahabad University, Baroda University, Mysore University, Cochin University, Patna University, Ranchi University, Magadh University, Jodhpur University, Jammu University, Bhopal University etc.
In addition to the above, there are several other universities and institutes like Indian Institute of Foreign Trade, Tata Institue of Social Sciences, Indian Institute of Rural Management and Institute of Management which also conduct MBA programmes.
CAT By IIMs
For admission to MBA programme, IIMs hold a Common Admission Test (CAT) every year, generally in the month of December. The test is conducted on all-India basis at several centres, covering almost the entire country.
A notification regarding CAT usually appears in the month of September in several national newspapers as well as in the “Employment News”.
The dates of commencement of academic session are different for all the four Institutes. CAT is of 2-hour duration. It is objective type (multiple choice) and includes questions on English language, analytical ability, reading comprehension, data interpretation and reasoning ability. This year CAT is to be held on December 12, 2021. (most probably)
In addition to the written test, the candidates may also be tested in the following:
The thrust of the CAT is to choose the candidates with high intelligence quotient, leadership qualities, clear understanding and good expression.
The number of seats vary from 100 to 180 and the IIMs have reservation of seats to the students of STs, SCs and OBCs with a share of 7.5 percent, 15 percent and 27 percent respectively in admissions.
Entrance test by Universities
The selection of candidates for MBA programme is made through entrance test by the universities, depending upon the number of seats and quantum of competition. The entrance test is for two to three hour duration. Some of the universities have more than one papers.
The paper usually is objective type (multiple choice) in nature and covers areas like reasoning, reading comprehension, quantitative aptitude, data interpretation, general awareness, business communication skills etc. The exact layout of the question paper varies in different universities.
Several universities like University of Delhi, Madras, Calcutta, Bombay, Gujarat, Osmania and Punjab hold part-time course for MBA. Part-time programmes are designed to last for 5 to 7 semesters and the classes are held in the evening.
Apart from requirement of a good bachelor’s degree, part-time programmes also require some experience at supervisory level. While part-time courses are available only to the candidates belonging to a particular city/town where such university is located, MBA courses offered through correspondence/self-instructional method are designed to assist the candidates located at far flung areas.
Some universities like Punjabi University, Patiala and Indira Gandhi National Open University (IGNOU) offer such courses. IGNOU is one of the premier institutions which offers MBA programme through a nation-wide network of its 170 study centres.
Internationally recognized as a centre of excellence for studies, IGNOU offers a 5-semester MBA programme and also provides the facility of counselling.
This course is particularly useful for the officers of Armed Forces who retire at relatively younger age, and also to those Government servants who wish to seek careers in managerial cadres by seeking premature retirement.
An advantage to do MBA from IGNOU is that the Candidates who, for any reasons, cannot complete the entire programme and are able to pass only a few subjects/papers, are awarded diplomas like Diploma in Management, Post Graduate (PG) Deiploma in Business Management, PG Diploma in Marketing Management , PG Diploma in HRD, PG Diploma in Financial Management, etc, depending on the number of papers passed by the candidates.
Another advantage is that the number of seats for MBA programme is determined study-centre-wise which offers a large number of seats at all India level.
The candidates seeking admission in this programme offered by IGNOU must have completed 25 years of age and must have at least three years’ experience in the supervisory capacity. There is, however, no upper age limit.
The admission is made entirely on the basis of marks obtained in the entrance test which is for two-hour duration and has about 100 objective type questions on comprehension, reasoning, English language, general awareness, data interpretation, quantitative aptitude etc.
How to Prepare?
Preparations for MBA entrance examination need in-depth knowledge, analytical mind, sharp memory and above all, systematic planning and preparations.
Needless to say that the candidates cannot and should not attempt the preparations overnight. Since the competition is taken by the best available talent from all disciplines, meticulous and long-run preparations are required to get admitted to the programme.
Although the syllabus and contents/papers in the admission/entrance test differ from university to university (and between the Institutes as well), there are certain common aspects that appear in most of the entrance tests/CATs in one form or the other.
These aspects include tests on quantitative aptitude, reasoning, intelligence, comprehension, case analysis, relationships, word power, synonyms, antonyms, general knowledge/awareness, etc.
It is therefore, essential that the candidates start preparing well in advance on all the above aspects. If one can get hold of previous year’s papers or at least the pattern, this would go a long way in guiding the candidates to prepare properly for the test.
Some tips to prepare on some important aspects which are common to most of the entrance examinations, are given below:
A candidate seeking admission to MBA programme is expected to have aptitude for basic and elementary accounting as well as the knack of solving the simple arithmetic problems.
This is one of the areas in the admission test which, if properly prepared and practised, is likely to put the candidate ahead of others, as one can hope to score even 100% marks in this part. There may be several types of questions that may form part of quantitative aptitude test.
The first category could be simple arithmetic problems including profit and loss, percentages, ratio, averages, partnership, etc. Such problems involve simple calculations and with a little practice and basic aptitude, can be solved correctly. The second category of questions could involve multiplication or divisions in 5 to 6 figures or decimals.
It may be quite time-consuming if the candidates start actually attempting the entire calculations. Since the candidates are required to work against time it is not advisable to waste time on such calculations. With a little practice, the candidates can easily eliminate most of the choices straightaway to arrive at the correct answer even without any calculations.
This can be achieved if the candidates look at all the choices carefully before actually attempting the calculations. Another category of questions may be directed at testing only the intelligence of the candidate and not his/her ability to calculate.
There may be some other questions aimed at testing the common sense of the candidates. The entire area of quantitative aptitude, therefore, needs constant practice to calculate quickly with accuracy. More practice is also essential for the candidates to gain confidence in this part of the test. Even if a candidate does not have the basic aptitude for figure-work, he/she can make up for this deficiency by regular practice and a lot of hard work.
It is strongly recommended that the candidates practise and attempt all the questions on quantitative in the Intelligence Tests appearing in all the issues of “The Competition Master”. In addition to providing adequate practice to the candidates, these tests also give methods to solve some typical problem, which without hints to solve, may appear to be difficult for the candidates lacking flair for figure work.
Questions on logical reasoning may be of several types and in several forms. These could include a statement on which the candidates are asked to draw correct interference out of the given choices. There could be questions on series of words and figures, arrangement of alphabets, brain trasers or even such questions as only call for drawing logical inferences.
Just like quantitative aptitude test, this portion of admission test also needs special and detailed preparations and practice. Most of the questions under this category infact test the common sense and sense of proportion and reasoning among the candidates and therefore, must be attempted with a cool head. In case of statements, the given statement as well as choices given must be read at least twice before choosing the right answer. In case there are more than three questions on arrangements of alphabets, it is advisable to write down all the alphabets on the rough work sheet.
This will facilitate easy and quick attempt of questions on alphabets. Similarly, there could be certain questions on distances traveled in different directions. In such questions it is proper to draw a rough diagram giving distances traveled in various directions to get the correct answer.
Constant practice in the questions on reasoning would make the candidates confident to tackle this particular aspect of the test. “The Competition Master” provides rich material every month on the tests of reasoning. This can further be supplemented by a standard book like “Test of Reasoning” by Khanna Brothers (Publishers), Chandigarh. To do well in this part of the test, the candidates must therefore, practise hard.
Comprehension test is aimed at gauging the understanding of English language by the candidates. Usually, a paragraph is given which the candidates are required to go through carefully and then answer the question by choosing the correct answer. To attempt this part speedily and correctly, the candidates must practise reading with a quick speed and understanding the entire passage.
Answer to most of the questions are easily located within the passage itself. But there are certain questions, answers to which are not directly available in the given passage. Such questions can only be answered by those candidates who can understand the passage fully. Although effective handling of this part depends on the basic understanding of English language by the candidates.
Regular practice would help the candidates to attempt the comprehension test in more effective and appropriate manner. Tests of English language given in every issue of this magazine invariably contain small comprehension passages. Practice of such passages may be of great help to the candidates for preparing this test.
As the name suggests, the test of general awareness aims to judge the general knowledge of the candidates. Basic facts about all aspects of general knowledge like Science, Geography, History, Economics, Polity, etc are essentially required to be known.
A good knowledge of all branches of general knowledge is essential which can only be achieved by reading good books. In addition to the above four aspects, which usually form part of all admission tests/entrance tests, there are other aspects like word-power, word relationships, case analysis, etc which also need careful preparations and practice.
A serious candidate has to devote a lot of time on all the aspects of the admission test and it is advisable that the preparations are started at least an year in advance. As stated earlier, this magazine takes care of most of the aspects of admission/entrance test.
Group Discussion and Interview
Some of the universities/institutes have group discussions and interview also as parts of admission test to MBA programme. These tests are held to judge the suitability of a candidate for the esteemed programme.
The group discussions are held under the supervision of the experts, who look for the qualities like ability to express, reasoning, power to argue, initiative and leadership qualities among the candidates. Interview, on the other hand, is held to evaluate other traits of personality of the candidates like knowledge, suitability, judgement, sense of proportion, manners, expression, intelligence, etc.
It also looks for the variety of interests and accomplishments of the candidates in extra-curricular activities including sports. Final selection of the candidates is made after taking into account their performance in all the tests.
MBA and Afterwards
Successful candidates join the MBA programme and are then required to qualify all the prescribed papers. MBA-degree syllabus usually has one project work and some on-the-job training. Successful completion of all these leads a candidate to acquire the MBA degree.
First few years of managerial service are quite hard. At the beginning of their career, the managerial professionals have to establish themselves. This not only provides them with required skills and knowledge, but also gives them much-needed self-confidence and self-satisfaction.
All the candidates, aspiring to take on management services as their career, must remember that this field is full of competition and those who are willing to put in a lot of hard work, capable of working for longer hours and dedicated to work, are likely to rise up in the managerial hierarchy.
Easy going persons, who are incapable of giving desired results, are likely to get lost in the middle echelons of management. A truly challenging and competitive career, management must be chosen after detailed self-analysis and introspection by the candidates. Of course, for the right candidates with rich appetite for success, sky is the limit.
How to Choose Management Institutes
Students desirous of doing their MBA are faced with a dilemma about which institutes they should apply to. There are so many institutes (more than 500, according to latest estimates) that one is really at a loss to know which ones are good and which ones are not. Each claims to be better than all the others.
In the absence of transparency and information, the student really has no idea about the quality of the education that one may receive and subsequently, jobs. This feature answers the common questions that students have about institutes and what should be the best strategy to select and apply to them.
Around this time of the year, newspapers are full of advertisements of management institutes inviting students to apply to them and seek admission. Each claims to be better than the other. Names of foreign affiliations are thrown about as well as all those wonderful jobs that graduates of the institute were able to get.
If one is “foremost in management education”, another is a “centre for excellence” and still another is a “pioneer of management education in the country”. Exotic teaching methods, such as yoga and meditation, have been introduced to give the courses a local touch. There is, however, no way of knowing whether the claims are true or not.
Unlike the West, there is no rating of institutes or a criteria against which a student may assess himself before applying. Nor is information easy to get from these institutes. Though the concept of the MBA degree is borrowed from Western universities, our institutes do not share information.
For a student, this poses a daunting task. Applying to all the institutes is not feasible because each requires you to buy a prospectus at a hefty price. The only way out is to depend on market reputation and hearsay and make an assessment whether an application should be made or not.
A broad indicator is whether the institute has government approval or not, but since a number of questionable institutes boast of approval by the All India Council of Technical Education (AICTE), the tag has become quite meaningless.
The scene has been made more confusing by unscrupulous activities by some institutes. Many demand donations from students and it is easy to get in if you can pay for your seat. Others have a system of “non-resident quota” in which one must pay double the fees and secure a seat. An institute in Ghaziabad is notorious for leaking its entrance test year after year, putting many students at a disadvantage.
In the absence of a rating system, a rough way to assess the institutes is to classify them in a broad category. One method could be as follows:
- The top 10 institutes which have a very good reputation
- Universities offering MBA programmes
- Institutes set up by industry or having industrial backing
- Institutes without any industrial backing and set up by academics or unknown people, and
- Foreign degrees offered through correspondence.
One should, of course, try for the best institutes and prepare well for admission. If one is not able to match the high scores required, it would be better to look for institutes lower down in the list. On no account should one pay capitation fee, because one would be stuck with a worthless degree even after paying heavily for it.
The situation of admissions in management education is quite dismal, indeed. The system is exploitative and there are many operators who have opened institutes to cash in on the demand for a management degree. Lacking facilities and staff, they operate like small shops.
Unfortunately, even reputed universities and institutes are not able to provide good management education. For example, the good teachers are perpetually on leave as they manage to get assignments from abroad.
Only those with parochial outlooks and limited teaching skills are left. Visiting faculty often fills in the gaps. It is difficult to find teachers who are trained in the case discussion method, so essential in management classes.
That is why there are only a few institutes which have a good name. Industry too does not recognise many institutes and this is the reason that there is a glut of MBAs. The smaller institutes prefer to take only those candidates who can get jobs through their parents’ contacts, which is later used to sell the institute. But if one is to make a career, the ideal thing is to get into a reputed institute.
Of late, many foreign universities have started advertising their management programmes in India. It is possible to get a foreign degree without leaving the country. The value of such degrees is doubtful and it is unlikely that they will have the same acceptability as a full-fledged degree.
Ultimately, it may be said admission to MBA courses is like a roulette wheel. There is a long way to go before some order can be restored and the activities of money-making institutes can curtailed. For that, the government would have to play an active part and not sit back after granting approval.
In fact, it may be advisable to review the approval after some time and cancel it for those institutes which are not able to maintain standards. An authentic rating of the institutes would also help the students.
The system has to move from being exploitative and become more professional. It is an irony that those who are to teach management to others actually need a watchdog to ensure that they are managing themselves properly.
The right way to make a choice is to assess oneself first. If one is targeting the best institutes, does one have the calibre? One should appear in a number of practice tests and get an honest score.
The tests should have 180- 0 questions and must be done in two hours. In calculating scores, the average of three or five tests should be taken. Once you have your score, you can use the following table as a guide:
Category If your score is You can apply to:
- Above 100 The top institutes/CAT and allied institutes
- Between 70-100 Universities/industry backed institutes
- Between 50-70 Most MAT institutes/Institutes without industrial backing
- Below 50 Foreign university for correspondence degree
This is a rough method and there could be exceptions, but it gives an indication as to which institute one has the chance of getting to.
Attempting Management Tests
Attempt all sections within the given time. Work by an alarm clock or ask someone to remind you to switch sections.
- Develop skill in all sections. Do not concentrate in one section at the expense of the other. A certain minimum marks have to be obtained in all sections.
- Attempt different forms of testing so that you are not taken unawares by any surprise element in the paper.
- Remember that speed is not hurry. Speed means spotting shorter methods as opposed to the ‘correct’ way of solving problems. Rushing through the paper is unlikely to do you any good.
- Keep your cool. If you panic, close your eyes and meditate. Return to the paper after blanking your mind of negative thoughts.
- Compare your scores with others and you will have a good idea where you are heading.
- Make a note of the mistakes you are likely to make. Keep these points in front of you while attempting mock tests so that you learn to avoid them.
- Keep a small diary in which you write all the formulae, tables and the things you forget often. Carry it around and check it whenever you are in doubt. Constant reference will help you memories what you find difficult.
Identify weak areas and seek professional help to get over them.
If you are consistently lagging behind, perhaps you need to consider whether you have aptitude. Maybe your talent lies in some other field and you should look at alternate careers.
What to expect at the GD?
The GD is an indicator of the confidence of a person as well as his ability to work in a group. Students are seated in a semicircle. A topic is given and after about a minute or so, the group is asked to proceed.
Most discussions last for 10-12 minutes and the group size maybe anything up to 15 people.
Must read below topics for Group Discussion:
If you are an MBA aspirant, look at the following 15 options. There could be other options as well, but beware of smaller institutes claiming AICTE approval as also those offering foreign degrees in India.
Mock Group Discussion
The group discussion tests two things: a) the confidence to speak in a group, and b) the ability to make a meaningful contribution. The first is built up over time and the second comes about if you have read something about the topic.
Most topics are taken from the current political or economic scene so if one has just kept abreast of current affairs, one will be able to make a mark.
We give below a group discussion on a common topic and give some typical responses of students. We then analyse the discussion so that readers can develop their own strategy for themselves.
Instructor: Good morning. You can choose any topic you like or take a slip from that box. You are given one minute to think after which please start the discussion. The observers will not interfere in your discussion. If no conclusion is reached, we may ask each of you to speak for a minute on the topic at the end of the discussion.
Mr A: This is a very good opportunity. We can take an easy topic and discuss it. What about the nuclear blasts at Pokharan? Or we can discuss the bus diplomacy. We can speak on these topics.
Mr B: What is there to speak on them? Let us not waste time but take up an interesting topic.
Mr C: No, no. We should take a slip from the box and take up that topic. Otherwise we will discuss only which topic to choose.
Mr D: What if the topic we get is a difficult one? I think we should choose a topic among ourselves and take up an easy thing, about which we know something. Then all can speak.
Mr E: Friends, let me put the whole thing in perspective. We are given two options. The danger with the first one is that we can never arrive at a topic which will be acceptable to all. The second option is to take a slip out of the box. We may get an easy or difficult topic, but it will be applicable to all. We should choose an option that does not waste time.
Mr F: Yes, yes. I agree.
Mr E: If everyone is in agreement, let us take a slip out of the box. The topic on the slip is “Multinationals: Bane or Boon”. I suggest we think about it and start the discussion.
Mr A: This is a good topic. I am against multinationals. We have Coke and Pepsi. Do we need them? We can manufacture our own soft drinks. Multinationals destroy the local industry and sell non-essential products.
Mr B: I agree with you. What is the fun of having Coke and Pepsi? We have our own Campa Cola.
Mr C: I think water is good enough.
Mr D: We are not here to discuss soft drinks. The topic given to us is a much larger one. First, let us define multinational companies. They are merely large companies which operate in a number of countries. There could be some Indian multinationals also. So there is nothing wrong with them. The point is whether they have a good or bad impact on the host countries. We have to discuss their business practices and find out whether they are desirable or not.
Mr E: That is a very good introduction to the topic. Multinational companies do serve an important function that they bring new products and technologies in countries which do not have them. And it is not just Coke and Pepsi. They set up power plants and build roads and bridges, which really helps in the development of host countries.
Mr F: But are they all that good? We have seen that they destroy local industry. In India they just took over existing companies. They came in areas of low technology. Moreover, we have to see why they come at all. They come for earning profits and often remit more money abroad than they bring in.
Mr A: I agree with you. I am against multinationals. We can produce everything ourselves. We should be swadeshi in our approach. Why do we need multinational companies?
Mr E: We may not need multinational companies but then it also means that our companies should not do business abroad. Can we live in an isolated world? The fact is that we are moving towards becoming a global village. The world is interconnected. Then we have also seen that foreign companies bring in business practices that we are impressed with. Look at foreign banks. They are so efficient and friendly that the nationalised banks look pathetic in comparison. I think we can learn a lot from multinationals if we keep our eyes and minds open.
Mr B: Take a look at McDonald’s. They are providing quality meals at affordable prices. One does not have to wait at their restaurants.
Mr C: How do you account for the fact that they take out more than they put in and thus lead to impoverishing the country?
Mr D: The fact is that every poor country needs foreign investment. Poor countries often lack resources of their own. That is why they have to invite foreign companies in. There is nothing wrong in this, because then products like cars, air conditioners and so on, can be made in poor countries. Often multinationals source products from different countries which helps boost their export earnings.
Mr E: We have been talking about Coke and Pepsi. It is well known that Pepsi is in the foods business also and has helped farmers in Punjab by setting up modern farms to grow potatoes and tomatoes. Modern practices have helped the people in that area.
Mr A: I still feel that multinationals are harmful for the country.
Mr D: Well, there could be negative things associated with such companies. They may not be very good in their practices. But can we do without them? I think the best way is to invite them but also impose some controls so that they follow the laws of the country and do not indulge in unfair practices.
Mr E: I think laws are applicable to everyone. Very often officials in poor countries take bribes. The fault lies not with the company which gives a bribe but the person who actually demands one. Why blame the companies for our own ills?
Mr A: What about the money they take out?
Mr D: We have had a good discussion and I think it is time to sum up. Multinationals may have good points and some bad ones too, but competition is never harmful for anyone. We cannot live in a protected economy any longer. We have been protected for many years and the results are there for everyone to see. Rather than be close about multinationals, let us invite them in selected areas so that we get foreign investment in areas which we are lacking. Laws can be strictly enforced that companies operate within limits and do not start meddling in political affairs.
This short discussion gives some typical responses of students. The topic is a general one, but responses vary from the commonplace to the more informed. Usually, the discussion gets stuck on Coke and Pepsi but the idea is to go beyond these.
Though Mr A started the discussion, he could not make any good points. Later, he could not give any points about why multinationals are bad. It is also a bad strategy to say at the outset whether you are for or against the topic.
Remember, it is not a debate but a discussion. The first step should always be to introduce the topic without taking sides. See the way in which the discussion is proceeding and give arguments for or against. The observer is not interested in your beliefs but in what you are saying.
The participation of Mr B and C is below average. A candidate must make 3-4 interventions. Their arguments are also not well thought out and add nothing to the argument. It is important to say relevant things which make an impact rather than speak for the sake of speaking.
The arguments of Mr D and E are better. They seem to be aware of the role of multinational companies. Mr E’s approach is better as he intervenes a number of times. He has also taken initiative in the beginning and brought order to the group. If selection has to be made from the above six candidates, the obvious choice would be Mr E and thereafter, Mr D.
Why group discussions?
Most jobs and management schools do not want bookworms, but people who are outgoing and smart as well. Group discussions help check whether a person can articulate his thoughts and hold his ground.
What is observed?
- Leadership skills
- Consideration for others
- Aggressive behaviour
- Substantial viewpoints vs frivolous viewpoints
How to Discuss a Case Study?
Quite often, for group discussions, a caselet is given on which the candidates have to form their opinions and discuss it out. Different people may have different solutions and viewpoints.
This requires a different approach, since a group discussion is on a particular topic while a case is situational. Based on this, a student can learn the methodology to tackle case studies.
You are the manager of a nationalised bank in a busy area. The branch has done very good business in the past but is now facing competition from private banks. One day, an influential customer comes to get a demand draft made but finds that the cashier is not on his seat. He waits for 10 minutes after which he approaches you.
You find the cashier and direct him to attend to the customer. The cashier tells the customer that he would have to wait another 10 minutes as he is doing an important piece of work.
At this, the customer loses his patience and there is an altercation between the customer and the cashier. Angry, the customer walks into your office and threatens to take his business elsewhere. You pacify him.
Considering the fact that bank unions are very strong and would immediately call for strike if you took any action against the cashier, what would you do in the given situation?
Candidate I: This is a common situation faced by bank customers. Nationalised banks have traditionally given poor service and employees have behaved irresponsibly towards their customers. That is the reason that they are losing customers after private banks have come in.
I feel that the cashier should not go unpunished. As bank manager, I would like to be strong and suspend the cashier, since he has led to an important customer withdrawing his business.
It is true that I would have to face the wrath of the unions but in the long term interest of the bank, it is better to face the unions once than to live in fear of them. My action would also send a message to other employees and set an example. This is the only way that our branch can face up to the competition. We have to provide good service.
By going on strike, we may lose business for a few days but in the long run, the bank would work more efficiently. It is time we faced inefficient employees once and for all, rather than live in dread of them. After all, the prime objective of the bank is customer service and increasing business. If we cannot do that, do we have a reason to exist?
Candidate II: I would like to motivate the cashier and explain to him how his action has affected the bank and one of our best customers. If he really withdraws business from the bank, would it be beneficial to us?
I think the problem lies in motivation. If bank employees feel responsible for their job and realise the importance of the work they are doing, they will want to contribute to the branch. The solution thus lies in motivation and guidance. I would try to find out what work the cashier was doing at the time the customer came.
Maybe he was doing something which was not part of his duties, or maybe he needs some assistance, which I will provide to him. I am sure he will appreciate my concern and improve in the future.
Candidate III: Before knowing the facts of the case, how can I take action? I would constitute an enquiry committee to find out the facts. If the cashier was found to be doing something which he shouldn’t have been doing,.
I would recommend his immediate transfer or sacking. I would not take an arbitrary decision like throwing him out or even try to motivate him, since bank employees do not respond to such things. When I have the enquiry committee report with me, I can decide about suitable action to be taken.
Maybe the cashier needs assistance or maybe he was at fault. In this way, I would avoid a strike but send a message to other employees too that I was serious about my job. An arbitrary decision would hurt my credibility and also expose me to risk of union activity.
Under the circumstances, an enquiry would buy me time as also serve the purpose. It would also be safe, as my subsequent action would not be criticised, since I was going by the committee recommendations.
Candidate IV: I find that there is nothing much I can do in this situation. Bank managers have few powers over their employees and can neither motivate them nor throw them out. We also have to realise that managers are not responsible for the business of their banks. They have only temporary tenure and promotions are based on length of service.
I would thus try to ensure that everything is peaceful during my tenure and no major disruptions take place. My transfer may be due in a few years anyway, so why should I rock the boat?
By appointing committees or taking action, I would be unnecessarily spoiling my relations with colleagues and it would also spoil my reputation in the bank. So I would do nothing. I would try to pacify the customer, but if he wants to take the business elsewhere, let him. I would also pacify the cashier but would not take action against him. Wisdom lies in maintaining the status quo, not in rocking the boat.
The case says that the bank is nationalised, so that is important. We are not in the private sector where we are responsible. We have to fulfill social responsibility. Employees are important. Moreover, you cannot change the system. So my advice is: do nothing. Just sit tight and wait for your transfer. Maybe it will be to a better place.
We now have different viewpoints, each quite different from the others. The first is to take drastic action, the second to motivate the errant employee, the third to appoint a committee and the fourth, to do nothing. Each has its advantages, as explained. Clearly, there is no one answer or the best solution. But when one makes any recommendation, one must see what impact it will make on the selection panel.
The first response would show that the manager is tough and ruthless, brave and daring. However, it would also show that he does not care about human relations. The second shows that the manager is too concerned with human qualities. He wants to motivate the employee, but that is a long process.
The message he would send that he is too soft and does not care about the efficiency in the bank. The third response is to buy time by appointing an enquiry committee. This would make practical sense, though it would show that the manager is indecisive.
The last response is perhaps the most practical: given such situations a real bank manager will probably ignore the whole episode. Each response, thus, has its positive points but would send a negative signal too. What would be the best response in this case?
It must be understood that any case is a situation and a candidate is not required to show his business acumen or insight. What is required is that the candidate shows some leadership skills and is able to articulate his ideas. We give below a method which would be the best response in doing any case discussion.
The idea is that the candidate must keep the initiative and is able to interject at several points in the discussion. Do not give your viewpoint, no matter how wise you think it is. When you advise a particular piece of action, you immediately paint yourself in a corner from where you have to defend your thoughts without the possibility of shifting your stand later on.
There is no point getting into an argument. The best way would be to assume a leadership position and, without committing any course of action, to guide the group.
Help it arrive at a consensus. Agree or disagree to others’ viewpoints. After sufficient arguments have been made, take your stand and agree with the group. Your role should be of a facilitator.
Here are the steps you can follow to achieve the above:
- Describe the problem
- Ask for different viewpoints
- Identify possible solutions
- Discuss pros and cons of each alternative
- Select the best alternative and agree with it
By following this strategy, you can make a contribution to any case, even if you do not know anything about it. Start by paraphrasing the case and put in your words, explaining it to others. Stick to the facts mentioned in the case. Having made your introduction, ask for the opinion of others.
Do not criticise anybody but help analyse the alternatives. Bring in advantages and disadvantages of each alternative. Having thrashed out all suggestions, help the group select the best one. Agree with the group consensus and conclude, bringing in all the points that were brought up in the case.
You can show your leadership abilities through this strategy. The selection committee would no doubt be impressed by your contribution as also the fact that you are able to guide the group. This would thus be the winning strategy to succeed in any case discussion.
In nutshell, we can say that in order to stand the pressure and competition due to globalization; we require knowledge and expertise as tools and MBA is one course which excels in both.
That’s all about Master of Business Administration (MBA).
Share your MBA experience below in comment section, It is very useful for new candidate, who desire to do MBA.