Careers: Business/career

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QUESTION: Sir, I have completed my undergraduate degree in Dairy Technology this year 2014. But I haven't got a job yet. So now I am planning to go for an MBA or Masters in Management(MIM). I don't want to go for MS degree. So please give some suggestions regarding MBA or MIM or other related courses.

Thank You

ANSWER: My  first  suggestion

-contact  any  career  consultancy  and  do an  aptitude  test  .
get  a second  opinion   of  your  interest[s].

WHAT  IS  YOUR  REAL  INTEREST?

MBA    covers  STREAMS    like

-MARKETING
-FINANCE
-SUPPLY CHAIN  MANAGEMENT
-INFORMATION   TECHNOLOGY / SYSTEMS
-OPERATION  MANAGEMENT
-BUSINESS  TECHNOLOGY
-INDUSTRIAL  MANAGEMENT
-PROJECT  MANAGEMENT
-DESIGN  MANAGEMENT
-IT  MANAGEMENT
-ENGINEERING  MANAGEMENT
-CONSULTING
ETC ETC
-----------------------------------------------------------------------------------------------
So  think  about  MBA   and  THE   STREAMS   like
the  above.

The  aptitude  test    could  reveal  the  leanings
and  career  interest.

It  is  a   second  opinion  and  confirms /  or  disagrees   with your
gut  feelings.


The  questions   are  centered  around  
-personal  interest
-career  interest/ why
-subject interest
-career  plan
-career  goal
etc
=======================================
WITH  YOUR  BACKGROUND,  --first   complete  a  degree
YOU  ARE  POSITIONED  TO   MAKE  A  CAREER

-OPERATION  MANAGEMENT
[THIS  COURSE  WILL  GIVE  YOU  A  GOOD  GROUNDING
ON  THE  OPERATION  SIDE  OF  AN  ORGANIZATION.
SO   WHEN  YOU GO  INTO  THE  JOB  MARKET,  YOU
WILL BE   EQUIPPED  FOR  A  POSITION  IN THE  OPERATION
SIDE  OF  AN  IT  HARDWARE /  ELECTRONICS   MANUFACTURING ]
-----------------------------------------------------------
-BUSINESS  TECHNOLOGY
[WITH  THE  COMPLETION OF THIS  COURSE,
YOU  CAN  GO   FOR   A  MANAGEMENT  TRAINEE
WITH   TECHNOLOGICAL  FIRM  OR   CONSULTING  FIRM ]
--------------------------------------------------------------------
-INDUSTRIAL  MANAGEMENT
[THIS  IS  ANOTHER  USEFUL  ONE,  PROVIDED   YOU  HAVE
APTITUDE  FOR   SUCH   AREAS  INTERNAL   CONSULTING/
WORK  STUDY/ METHODS  STUDY/ CONTINUOUS  IMPROVEMENTS ETC
-----------------------------------------------------------------------
-PROJECT  MANAGEMENT
[THIS  IS  ANOTHER  USEFUL  AREA,  WHERE  YOU
CAN  SPECIALIZE   IN   '' HOW  TO  MANAGE  VARIOUS  PROJECTS''
IN  IT   OR  ELECTRONICS ]
-----------------------------------------------------------------
-DESIGN  MANAGEMENT
[IF  YOU  HAVE  INCLINATION  FOR  DESIGNING  IN  YOUR
SPECIALISED   AREAS,  THIS  WOULD  BE  IDEAL.
---------------------------------------------------------------------------
-ENGINEERING  MANAGEMENT
[THIS  IS   ANOTHER  USEFUL   AREA,  WHERE  YOU
CAN  SEEK   MANAGERIAL POSITIONS   IN  THE  ENGINEERING
SECTOR ]
-----------------------------------------------------------------------------
-CONSULTING
[ THIS  AREAS IS   ONE  OF   THE  BEST  POTENTIAL
IN   THE  JOB  MARKET. BUT  YOU  MUST   HAVE  THE
APTITUDE/  COMPETENCY  FOR   CONSULTING  CAREER.
---------------------------------------------------------------------------------------------
EVERY  ONE  OF   THESE   AREAS   HAVE  TREMENDOUS
POTENTIAL    TO  GROW  AND   EARN .

YOUR  APTITUDE  WOULD   DICTATE,  WHETHER

-it  is  just  a  warm  feelings
or
-you  are  really  passionate  about  it
and  willing   to  put  the  hard  work   necessary  to  become
a  successful   person  in  your  career  path.
==========================================
As  INDIA is  on  a  growth curve,  the  job  potentials
are  tremendous  for  people  with  background
MBA  IN
-operation  management
-industrial  management
-project management
-engineering management.

THE  INDUSTRIES   THAT  WOULD   ABSORB   PEOPLE
WITH  THIS  BACKGROUND

-infrastructure based cos.

-motor  vehicle  industries.

-engineering  industries.

etc etc
================================
ALL  STUDENTS   ENTERING  HAVE  TO  APPEAR FOR
''CAT''   PUBLIC  EXAMS.

OR
THE  OPTION  Admission Procedure
MBA is a test of your attitude, aptitude and approach. The right combination of these three is a must to get through. Prowess- the most comprehensive program for MBA preparation.
What is the selection procedure?
Stage 1: The Written Test - Most institutes conduct their Written Tests between November and January. The written tests, inter alia, include the following:
•   Quantitative Skills:- This section of an MBA written examination tests skill levels of aspirants upto Higher secondary school mathematics. The favourite topics for the paper setter in quantitative section include.
•   Arithmetic (Number Theory, Ratio and Proportion, TSD, Percentages, Partnerships, Mixtures and Alligations etc.
•   Geometry: - Lines and Angles, Triangles, Circles, Co-Ordinate Geometry etc.
•   Algebra :- Quadratic equations, Functions
•   Probability, Permutations and Combinations
•   Set theory, Trigonometry, Stock and Shares etc.
•   Verbal Ability: - This section includes Grammar, English usage, Reading comprehension, Vocabulary and other aspects of English language
•   General and Business Awareness: - It includes static and current general knowledge and business awareness.
•   Reasoning Abilities: - This includes puzzles, critical reasoning, visual reasoning etc.
To clear a written test a candidate should be able to maintain a proper balance between speed and accuracy. There is a general belief that candidates who are able to manage their time will come out victorious in the 1st phase of MBA entrance. The call letter for stage 2 which involves Group Discussion and Interview is sent to students who qualify the test.
Stage 2: The Group Discussion and Interview - This stage of the process is held between February and March for most of the institutes. GDs and PIs are undertaken to check a candidate’s personality traits. Personality traits being checked in a GD are Group Behaviour, Awareness, Communication skills, Reasoning ability, Flexibility, Leadership, Assertiveness, Initiative, Confidence, Creativity to name a few. An interview can be broadly categorized into Personal Interview and Group Interview. In a Personal Interview apart from the personality traits an interviewer or the panel is interested in knowing about candidates’ academics, goals and self awareness level. In a Group Interview, apart from the parameters mentioned above, a candidate is also checked on his analytical ability.
Stage 3: The Final Call: After having cleared the above two stages you will receive that all-important Final Call letter informing you that you have been selected.Most of the institutes ask the candidates to pay the first installment of the course within 30 days of the date of the call.


MANAGEMENT  INSTITUTIONS  IN  MUMBAI

==================================================
1.
Jamanalal Bajaj Institute of Management Studies, Mumbai
==================================================
2.
Sydneham Institute of Management Studies and Research, Mumbai
3.
K. J. Somaiya Institute of Management Studies and Research, Mumbai
================================================
4.
Chetna's R.K. Institute of Management Studies and Research, Mumbai
=================================================
5.
SIES College of Management Studies, Navi Mumbai
6.
Mumbai Educational Trust's Institute of Management, Mumbai
7.
Rizvi Institute of Management Studies & Research
8.
N.L.Dalmia Institute of Management Studies and Research, Mumbai
===============================================
9.
Indian Education Society's Management College and Research Centre
======================================
10.
WELLINGKER  INSTITUTE  OF  MANAGEMENT
==================================================
11.
NMIMS  INSTITUTE   OF  MANAGEMENT
JUHU.

=========================================================
MANAGEMENT  IN  STITUTIONS   IN  KARNATAKA

ACHARYA INSTITUTE OF MANAGEMENT & SCIENCES BANGALORE
BANGALORE INSTITUTE OF MANAGEMENT STUDIES (BIMS), BANGALORE

BANGALORE UNIVERSITY PG DEPARTMENT OF MANAGEMENT, BANGALORE
BAPUJI INSTITUTE OF ENGINEERING & TECHNOLOGY (BIET), MBA PROGRAMME, DAVANGERE
BELGAUM INSTITUTE OF MANAGEMENT STUDIES, BELGAUM
BHARATHIDASAN INSTITUTE OF MANAGEMENT (BIM), BANGALORE MANAGEMENT ACADEMY, BANGALORE
BHAVAN'S INSTITUTE OF MANAGEMENT, MYSORE
DEPARTMENT OF BUSINESS ADMINISTRATION, MANGALORE UNIVERSITY
GOVERNMENT RECOGNISED INSTITUTE OF BUSINESS MANAGEMENT, BANGALORE
ICFAI BUSINESS SCHOOL, BANGALORE
IFIM BUSINESS SCHOOL, BANGALORE
INDIAN INSTITUTE OF MANAGEMENT (IIM BANGALORE), BANGALORE
MANIPAL INSTITUTE OF MANAGEMENT, MANIPAL ACADEMY OF HIGHER EDUCATION, MANIPAL
M.P. BIRLA INSTITUTE OF MANAGEMENT, BANGALORE
M.S. RAMAIAH INSTITUTE OF MANAGEMENT, BANGALORE
SIR M. VISVESVARAYA INSTITUTE OF TECHNOLOGY - SRI KRISHNADEVARAYA EDUCATIONAL TRUST, BANGALORE
SRI BHAGAWAN MAHAVEER JAIN COLLEGE OF ENGINEERING, DEPARTMENT OF MANAGEMENT STUDIES, JAKKASANDRA POST, BANGALORE RURAL DISTRICT
TRAINING & ADVANCED STUDIES IN MANAGEMENT & COMMUNICATIONS LTD. (UNIVERSITY OF WALES U.K.), BANGALORE
UNIVERSITY OF MYSORE, FACULTY OF COMMERCE & MANAGEMENT, MYSORE
=============================================================
SOME  USEFUL   WEBSITES.
www.imsindia.com
www.tcyonline.com/mba/testrends.php
==================================
##################################################




Generally     the  following  courses  ARE  offed
as   MBA   streams,

-MARKETING
-FINANCE
-HR
-SUPPLY CHAIN  MANAGEMENT
-INFORMATION   TECHNOLOGY / SYSTEMS
-OPERATION  MANAGEMENT
-BUSINESS  TECHNOLOGY
-INDUSTRIAL  MANAGEMENT
-PROJECT  MANAGEMENT
-DESIGN  MANAGEMENT
-IT  MANAGEMENT
-ENGINEERING  MANAGEMENT
-CONSULTING
-ENTREPRENEURSHIP
-MIS
ETC ETC

I  WOULD  SUGGEST  GO  FOR  

THE  OPERATION  MANAGEMENT   IS  A
MULTI-DISCIPLINARY    FUNCTION.

THIS  IS  FOR   A   OPERATION/ PRODUCTION   SET  UP.

OPERATIONS  MANAGEMENT [ PRODUCTION ],  as  a  function ,normally  includes the
following
-PRODUCT DESIGN
-PROCESS SELECTION
-PRODUCT DEVELOPMENT
-PRODUCTION
-PRODUCTION  PLANNING
-TECHNOLOGY  MANAGEMENT
-TOTAL  QUALITY MANAGEMENT
-MANUFACTURING  PROCESS
-CONTINOUS IMPROVEMENTS
-JUST  IN TIME  INVENTORY  MANAGEMENT
-STRATEGIC  CAPACITY  PLANNING
-FACILITY  LAYOUT
-PROJECT  PLANNING AND  CONTROL
-AGGREGATE  PLANNING
-MATERIAL  REQUIREMENT  PLANNING [ MRP]
-MATERIAL  MANAGEMENT
-PROCUREMENT
-BUSINESS PROCESS  ENGINEERING
ETC ETC ETC
###########################################


---------- FOLLOW-UP ----------

QUESTION: Sir, please tell me about MBA in International business or Masters in International Business. Are they same? I'm interested in how things get move from one country to another, how things , etc are linked internationally, or anything that are realted globally.

ANSWER: MBA in International business or Masters in International Business.
MBA  INTERNATIONAL  
-IS  THE  BETTER   OPTION.
-IT  IS  VERY  PRACICAL  AND  BUSINESS  ORIENTED.
-IT  IS  IN DEMAND  INTERNATIONALLY.
IT  DEALS  WITH  LOCAL, INTERNATIONAL, MULTINATIONAL  AND  INTER
REGIONAL.

International business degrees are often required due to increasing globalization and the growing number of businesses currently competing on the international stage.
Careers with an International Business MBA
In addition to working within global companies that compete on international markets, such as airlines and chain restaurants, graduates of international business MBA (IMBA) programs often find careers within government agencies, nonprofit organizations and in banking. Graduates may also seek to work within international corporations in the travel and hospitality industry, which are continually dealing with both businesses and consumers from around the world.
PayScale.com provided job titles and salary figures for those holding an IMBA as of April 2014. Most account managers with this degree earned from $43,588 to $108,496 annually at that time, while international sales managers primarily earned between $40,134 and $119,349. The range was $40,976-$124,800 for most business development managers with IMBAs. Marketing managers made from $40,976 to $116,129 as of April 2014.
International Business MBA: Overview
At the master's degree level, students may find a school that offers an IMBA program. These programs are becoming more popular as business firms as well as state and federal governments are increasingly seeking employees who are well-versed global trends as they pertain to both financial markets and consumer buying.
Within an IMBA program, there are often several tracks from which the student can choose. These include the language and culture of a particular country, such as Chinese, Japanese or German, for students who intend to work in and with countries where English is not the national language. Most programs require foreign language proficiency or at least proof of having taken several courses in a foreign language.
Curriculum
This degree program is meant to help students develop cultural skills, business competencies and other skills as they pertain to the global marketplace. Some course requirements may include the economics of international trade, international marketing management, international business management and international corporate finance.
Practical Experience
Students may find an IMBA program that requires them to study abroad. This is most easily done by those students who are taking their MBA program at full-time status. Students may want to check their potential school's website to see if the school has international campuses or is affiliated with schools overseas.
 MBA in International Business: Jobs and Salary Information
A Master of Business Administration in International Business can lead to careers like management analyst, administrative service manager and chief executive officer. These MBA graduates specialize in business dealings with companies overseas. The low end of the salary range for these jobs, except for CEOs, is slightly below the national median income, while the high end of the typical salary range is in the low six figures.
Management Analyst
Job Description
Management analysts, also known as management consultants, work to improve profit margins, worker efficiency and the structure of business and organizations. Specializing in international business allows management analysts to head overseas and advise companies on how to improve. These workers are hired by big and small companies alike to help improve a company's infrastructure.
Salary Information
According to the U.S. Bureau of Labor Statistics (BLS), management analysts made a median annual wage of 78,600 as of May 2012 (www.bls.gov). The lowest-paid management analysts were paid $44,370 or less. The best-paid management analysts made upwards of $142,580. This career is expected to grow by 22% between the years 2010 and 2020.
Administrative Service Manager
Job Description
Administrative service managers can provide international companies assistance with efficient operation and services. These workers often oversee the centralized operation of multiple areas within the company like mailing, scheduling, distribution and data processing. An administrative service manager can improve his or her company with strategies that include examining energy saving techniques or transportation costs.
Salary Information
In May 2012, the median yearly salary for administrative services managers was $81,080. The BLS projected that these management positions will have a 15% job growth from 2010 to 2020.
Chief Executive Officer
Job Description
Chief executive officers with international business experience can work and manage overseas companies. CEOs who work in the United States can be expected to do business with oversea companies, making international business knowledge valuable. Working alongside other top executives, CEOs help establish and choose a company's policies and goals.
Salary Information
The BLS reported that top executives earned an annual median income of $168,140 in May 2012; however, the lowest-paid workers made $76,220 or less in the same year. The BLS expected very little job growth of about 5% from 2010 to 2020 for this career field.

@@@@@@@@@@@@@@@@@@@@@
Master of International Business
The Master of International Business is a postgraduate degree designed to develop the capabilities and resources of managers in the global economy. It is ideal for those seeking to establish or accelerate a career in international business.
The structure of the program combined international business, international political economy, and learning of languages and world cultures. Other similar programs are now offered by a range of business schools under a variety of denominations.
Emphasizing the practical application of specialized knowledge, the program equips management with skills tailored to the international business environment.
The Master of International Business focuses on strategic planning for international operations and provides an in-depth understanding of the organizational capabilities required for international operations, including specialized functions such as international marketing, finance and human resource management. Master of International Business degrees also include classes that address topics such as imports and exports and intercultural communication.
The Master of International Business helps you develop wide-ranging skills that will enhance your effectiveness as a manager working in international business.
The program provides a solid grounding in the foundations of management and strategic thinking, relative to international and global market operations. It also provides an understanding of how operating across borders impacts different functional areas. This program develops awareness of policies governing the world trade and investment system, and emphasises the Asia-Pacific region.
Who is it for?
This program is for graduates who wish to establish a management career in international business, and who aim to develop an awareness of the policies governing the world trade and investment system.
Master of International Business
YEAR 1
Semester 1
Managing the Multinational Cooperation and Conflict in World Trade Business Analysis & Decision Making Cross Cultural Management and Teamwork

Semester 2
International Human Resources Asian Business and Management Strategic Management Global Corporate Governance
YEAR 2
Semester 3
International Marketing Management Business Risk Management Managing People Global Corporate Strategy

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---------- FOLLOW-UP ----------

QUESTION: Sir,
MBA-IB has specializations too. I was looking in FMS(BHU)'s website. They were Finance, Marketing, HR, IT, SCM. Global Business Operations.
(here's the course link http://www.bhu.ac.in/fms/coursestructure/MBA%20IB%20Course%20Structure%202012-13

So what do you think about these specializations would mean to international business. please explain with examples.

Answer
NEELESH,
ON TAKING  MBA IB,
YOU  CAN  TAKE  SPECIALIZATION  IN  ANY
SUBJECT   AREAS—SUBJECT  TO YOUR
-INTEREST
-APTITUDE
-ATTITUDE
-PSYCHOGRAPHIC
ETC
THRU  ASSESSMENT TEST   PROGRAM.

Finance [RISK MANAGEMENT]
Marketing [INTERNATIONAL  MKTG]
HR  [STRATEGIC  HRM
SCM [SUPPLY  CHAIN MANAGEMENT  SPECIALIST]
. Global Business Operations [ MNC
MANAGEMENT ]
ETC ETC

Careers: Business

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