SELECTING ENTREPRENEURSHIP AFTER MBA

    Education in India is more inclined towards getting of job. The very purpose of getting educated is to get a job. The psychology of the students is higher the degree better is the prospects of getting a job. Now there is a million dollar question looming across the board is where they will get a job if Industries are not coming.
   So, for generating jobs at least few of them has to take up Entrepreneurship and start their own business. Now talking about MBA education in India, initial days the focus was on getting senior level jobs for MBA postgraduates. Slowly the focus changed and many a top institution of MBA education in India established incubation cell or Entrepreneurship cell to encourage students to take up Entrepreneurship. IIMT Business School one of the best MBA College in Delhi/NCR has a dedicated Entrepreneurship cell which is headed by a senior professor.

        College conducts many a training and workshops for students, so that they get motivation to start their own start-ups. Many students are successfully running their own ventures after passing out from IIMT Business School. These budding youths were also provided with chance to join placement driver but they chose to start their own business. As on date almost all of them are doing well in their respective business and are living a dignified lives.There is a urgent need to groom students to take up business as a career then looking for job.
         Once the inclination towards business will be inculcated in the youth there will be innovative ideas coming out and the nation will get the benefit. We have example like OYO rooms. It started with a small idea and now it is a big brand. It is a matter of surprise that without owning a hotel OYO has rooms across the country and they are able to provide rooms at very affordable price.
 For a start-up good business plan is a must.
        Here in IIMT B School there is a dedicated Entrepreneurship cell headed by DEAN MBA. The cell has been arranging many seminar and workshop for the students. In these workshop eminent persons talk about their experience to motive students to take up Entrepreneurship. The cell also invites various government agencies who trains students to start their own business. They get the information that from where they will get the financial support for their start-ups.Some of the ex-students who are now successful Entrepreneurship were also invited to share their knowledge. Two aspects came out after their interaction. One never give up after initial failure, Fight again after each failure, success will come. Second one was patience, one need to have patience to get success. Nobody can become rich over nite. One has to wait for at least few years to get success.
      We at IIMT Business School impart all the knowledge as stated above to make our students ready to launch their own start-ups.Many of our students are successful businessman and have created mark for themselves in society.

Specializations Available for MBA Students

If you plan to do MBA or currently pursuing MBA, no. of specializations in areas like Marketing, Human Resource, Finance, International Business, Information Technology , Operations etc. are available to opt for suiting your career requirements. Here is some useful information which can act as a guiding source while opting for the specialization during an MBA course.

MARKETING

If you are inspiringly resourceful and have interest in the dynamism prevailing in the trends of this world, you are appropriate for marketing.

Marketing specialization educates the future managers by emphasizing on areas like Advertising, Consumer behavior, Promotion and sales of goods and services as well as management consulting.MBA in marketing helps you to provide you insight about how to set apart market audience and devise marketing strategy according to their preferences. It also guides you in management of an organization with solutions related to budgeting, researching and dealing with public relations.

Marketing is the specialization which can’t be neglected at any point of time as this is one specialization which brings business, revenue to the organisation and creates the competitive edge of the product and creates brand equity.

SCOPE OF MARKETING PROFESSIONALS: 

MBA marketing professionals are always in great demand. They are sure to enjoy outstanding career growth in this highly competitive world. Marketing manager, brand manager, market research analyst and product manager are some of the job profiles available for MBA marketing professionals. 

FINANCE

Graduates, especially the Commerce graduates or those who are fond of joining financial sector opt for MBA Finance.  Finance department is the nucleus of any organization and there is always a demand of finance professionals who possess sound knowledge of the markets and its financial trends, and is able to take decisions quickly.

Finance specialization provides MBA graduates with great career opportunities. The degree of MBA finance provides you with Focus towards the financial sector and provides extensive learning of subjects like Costing, Budgeting, International Finance, Corporate Finance, working Capital management, securities and investments etc.

SCOPE FOR FINANCE PROFESSIONALS: 

As an MBA Finance graduate you may join companies as Financial Analyst, Corporate controller, Chief financial officer, Company treasurer, Risk and insurance manager, Investment banker, Management consultant etc.

HUMAN RESOURCE

MBA in Human Resources unites the essentials of general MBA programs with focused training in different areas of HR like planning, recruitment, talent management, industrial relations, negotiation skills etc. The programme prepares the graduates about how to plan various strategies in HR and implementation practices by way of role plays, case studies, expert sessions etc.The specialization distinctively focuses on the skills that are required to be effective organisational managers. Students are taught the legal aspects of HR management, employee management and strategic human resource management. It also teaches the students about essential components of company operations, including compensation, benefits, salary negotiations and safety standards.

SCOPE OF MBA HR 

The candidates can start the career as HR executives, trainees in HR deptt of various companies and even consultancies. They themselves can also work as consultants to advise corporations on anticipated organisational change.

INTERNATIONAL BUSINESS

An MBA in International Business grooms budding managers for careers of increased responsibility with Focus on diversity and multicultural concerns.International relations and business strategies sensitive to international issues.  . 

In today’s world of inclusive economy, many businesses are looking to expand into an international market; therefore, careers in international business are offering great opportunities to MBA graduates. From banks to manufacturing firms to export houses, almost all industries have a need for people with a background in international business.

SCOPE OF MBA IB

A fresh postgraduate in International Business Management is usually recruited as a management trainee. One can also opt for MNC jobs. Market research firms or consulting organizations involved in international research can also be a good option. 

INFORMATION TECHNOLOGY

The basic nature of the course is to integrate the growing demand of information technology with business management.

MBA IT degree educates the future managers regarding the application and implementation of information technology in the businesses and keeps them abridged of the emerging IT trends. It also facilitates you to conceptualize and help in planning out the organizational IT infrastructure. The course also helps students understand the maintenance of network, system, along with the business knowledge.

If you are skilled with computers and want to turn this into a career in the business field, then consider an MBA in IT.

OPERATIONS MANAGEMENT

An MBA in operations describes how to tackle the challenges in logistics, supply chain design and supply chain management. As the nature of work of an MBA in Operations graduate is highly technical and technological, the student is trained in the background courses required for Operations papers.

The specialization in Operations Management offers a global perspective on industry trends and an awareness of any financial regulations or political uncertainties that could impact an organization. Indeed, risk management, understanding the industry’s inherent complexities and react effectively to change will be a strong consideration for students during their course. It also accentuates upon the importance of strategic thinking that enables the graduates to ensure their organization stays ahead of its competition. Ability to analyse and understand business process, system process and technicalities behind working of machines and equipment is also developed.

SCOPE OF MBA OPERATIONS

MBA in OperationsManagement have option to pursue career in different sub fields within operations like supply chain, consultancy, operations strategy, inventory control, manufacturing strategy, strategic planning, logistics planning, and many others. They can get roles like Supply Chain Manager, Logistics Manager, Operations Consultant, and Inventory Control Manager.