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The MBA degree refers to the Master’s in Business Administration that facilitates training related to both the theoretical as well as the practical perspectives of business environment. The educational degree comprise different subjects such as law, accounting, the human resources, business communication, applied statistics, business ethics and strategy and many other subjects which are going to be explained ahead.
Full Form of MBA
The full form of MBA is Master of Business Administration. This particular subject is associated with the education which is done by the students after their graduation. The innovation of this course was in 1908 or the earliest part of the 20th century in the US to improve their management scientifically.
Many types of programs as well as concentrations are associated with the particular elective course named MBA. The MBA is considered both a professional degree and a terminal degree and the programs related to this specific study are associated with the development and the quality of this education. It can be also stated that the business schools of this educational programmes are giving opportunities to pursue different modes of MBA such as the full-time MBA, part-time MBA, executive MBA and many more.
The full time MBA requires 600 hours classes whereas the part time MBA requires the classes of the weekday evenings and normally working hours. The other type of MBA is executive MBA or EMBA which is similar to the above-mentioned educational course in its nature. The off-campus classes are held by the distance-learning MBA and blended-learning MBA is a combination of the face-to-face instruction and the EMBA. Therefore, it is clear that the importance of the MBA is increasing gradually.
Advantages and Disadvantages of MBA
Advantages
Increase the opportunities of job: This most important advantage is the increasing opportunities of the jobs. There are many types of jobs related to the particular study such as finance manager, business development manager and many other things.
Development of the personal and the entrepreneurial skill: With the help of the particular course, it can be stated that the students can develop their personal skills as well as the entrepreneurial skills. Therefore, this is considered as the advantage of the particular study.
High salary: The other advantage of the particular course is, if the students can apply for the job after the study, they can draw a high level of salary due to the course. In the context of the US, the average salary is $137,890.
Disadvantages
High cost of the course: The most important limitation or the disadvantage of the MBA is the high cost of the course. In the context of the US, the approximate study fee of the MBA for 2 year is $73000 which is very high for the maximum students.
Time commitment: The time commitment is effective for this specific course but the teachers of the particular subject cannot understand the students about the time commitment.
Lack of applied and practical learning: This is the other effective disadvantage of the particular educational course. In the time of the MBA course, the students are not taught by the teachers about the applied and practical learning related to this course. Therefore, they have no practical experience of the particular course and for this reason, they can face some problems in the workplace.
Course Information of MBA
There is particular information related to the curse of the MBA. According to the criteria of this particular course, the students must complete a 3 years bachelor degree course related to the B. Tech, B.A, BBA and many more. The other criteria of this particular course are the student must try to carry a 50% of marks after completing the bachelor degree course. Hence, for the reserved category students, the mark is considered as 45%.
It can be concluded that the specific course is very useful for the students. Here are some effective roles of the MBA. With the help of this specific educational course, people can try to understand the business management and the planning of the financial handling. The skills related to the MBA are also effective for the workplace of a person.
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