Business is a process of making money by producing or buying and selling products. A business is an organization engaged in industrial, commercial, or professional activities. A business is a profit entities or nonprofit organizations that would operate to fulfill a charitable mission or would work for generating revenue.
Business Administrators work in every field of society. The students doing management courses get a high paid job in the field of finance, accounting, marketing, budgeting and auditing, sales and purchasing, industry and culture. There are various courses students prefer to pursue like Business Management, International Business, Banking, Accounting, Human Resources, Finance, Administration, Healthcare Administration etc.
After completing the graduation, people usually prefer to go for MBA degree. It is currently the most popular internationally recognized professional degree in the entire world. There are around 2,500 MBA programs available worldwide in various languages.
Students having an undergraduate degree in Commerce or in Accounting as well as those who do not belong to the commerce background are eligible for this course. It includes a “core” curriculum of subjects, such as marketing, operations, accounting, Finance and economics. Among all MBA in Finance is the most popular.
It is an MBA program with specialization in financial topics. Students will have the opportunity to learn subjects such as mathematics, statistics and economics. This increases the personal knowledge of finance subjects. This makes a person more knowledgeable and allows one to perform a job at a higher level, as well as take on more complex projects or management tasks. It come greater responsibility and the potential for higher salaries, for example, average salary of an MBA finance graduate is nearly $110,000 a year inside United States.
Some of the best colleges in India which provide an MBA degree are as follows:
- Indian Institute of Management Ahmedabad
- Indian Institute of Management Bangalore
- Indian Institute of Management Calcutta
- XLRI – Xavier School of Management, Jamshedpur
- Indian Institute of Management Indore
- Indian Institute of Management Kozhikode
Many more colleges are present in India, which provide an MBA degree. IIMs are considered as the best colleges in the world. Overall, there are 20 public, autonomous institutes of management education and research. They offer a two-year Post Graduate Programme in Management (PGP) and Post Graduate Diploma in Management (PGDM), these post-graduate diploma programmes are considered to be equivalent to the MBA programmes.
Some IIMs offer the Fellow Programme in Management (FPM) and a doctoral programme also which is equivalent to a PhD globally. Other private colleges such as XLRI are considered to be equivalent to IIM because of its quality in Education. People get admission into IIM’s through CAT score and into private colleges through certain entrance exams.
International Colleges such as
- Harvard Business School
- Stanford Univ GSB
- London Business School
- Univ of Pennsylvania – Wharton
- IMD Switzerland
- Columbia Business School
Are the most rated institutions for the business studies. People get admission into it through GMAT score and a very good profile. Studying internationally provides one with insights into the global economic and business climates.