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5 Ways to Find the Perfect Internship

10:43 | Labels: cat 2013, mba, mba admission, mba notification, mbaupdates

MBA students on the verge of completion of their first year are already on a lookout for the summer internship. If you have not started looking for the internship, it would be advisable to start immediately only after seriously thinking about your long-term goals. Thus, look forward to search for the internship to help you reach the goal in your mind.

The next issue is to decide if you can live with an unpaid internship MBA or you do need a paid internship. If at all, you are offered a great internship but it is without any stipend, it would make sense to ask the employers to reduce the working hours so as to support yourself with a part-time paid job.

Here are a few ways that can help you get started for your quest for the internship.

1. Start with your career services/placements office

Many companies do send their internship openings to local colleges and universities. So, it does make sense to start your search here.

2. Use LinkedIn

It is one of the best portals from where you can get a list of internships at various companies. So why not utilize the same and apply to these offered internships.

3. Broadcast your need for the internship.

There are many people around that might be ready to help. Maybe not directly but indirectly by introducing you to other people who would help you grab that internship of your choice. It is all about letting people know what you are looking for and be amazed at how help comes through unexpected quarters.

4. Check your dream company’s website for openings.

Some companies do not place ads for interns other places and believe that the most dedicated and interested folks will come looking at their website. Go there to see what you can find. Apply through the regular channel that they list, but then use your alumni network and LinkedIn network to let others at that company know that you want that internship!

5. Let you burning desire to work at a specific place reflect in your actions toward attaining it.

That organization may not have ever hired an intern or may only hire interns through employees. They might only hire interns who are unusually aggressive in pursuing an opportunity with them. Sometimes, you have to go for what you want. Send them a letter or an email. Follow up with a phone call. Find someone there you can connect with and let them know why you are a great fit and how you can contribute. Amaze them.

The key to finding a summer internship is persistence. A summer internship will not fall in your lap. You will have to go out and find it. When you do find the internship of your dreams, it will open so many doors for you that you will be happy that you worked so hard to find it.

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Does Online MBA really help?

10:28 | Labels: cat 2013, mba, mba admission, mba notification

We all know what a B-school MBA can do to your career, how far can it take your career and what can it draw out of you to give you what is stands for, the cost-benefit analysis for a standard institution based MBA is understood by all, but what about online MBAs? What is the fabric of an online MBA and its basic cost-benefit analysis for a student? Here are some helpful insights categorized based on essential features raked up after a brain-storming session of the MBAupdates team.

Cost Factor

There is no doubt that an online MBA is much cheaper than standard credit based institutional MBA. For those students for whom finances are mattering the most right now and their choices are only between doing it and not doing it, then here is a good option for you’ll. Do an online MBA if taking a loan for a standard MBA is not even a possibility for you. Though not highly preferred, MBAupdates strongly believes that ‘something is better than nothing’. Talking about the costs of a standard MBA, they are 5 times more than an online course, however, there is a lot missed in an online MBA.

Training

The real purpose for you to opt for a post graduate degree like this is to get the best of the management training. However, MBAupdates says it very upfront that online as far as training goes, MBA are not match for on-site MBAs. In fact, the reasons are here for you to see. Practice and practical training are the key features imparted while in an MBA course; be it with learning the mere using of office tools in great detail or giving presentations and getting rid of stage frights. On-site MBA makes you mingle, talk, and discuss issues with like-minded competitive people giving an insight in to the competition and life that awaits you at the first step on the corporate ladder outside the college campus. It teaches you communication and strategies. An online MBA cannot do all this for you, even though it is cost effective. It fails to teach you time management and certain other essential skills of the trade that ultimately home you towards being a better MBA. Basically, it fails to impart practical experience which is a must considering it’s an MBA that you have opted for.

Placements

Online MBAs find no placements. No companies, corporate or multinationals offer themselves as first grounds for online MBAs. This makes it very difficult for the fresher MBAs to find their home ground to begin with. This is a major drawback.

Thus MBAupdates’ final verdict suggests students to try going in for a standard institutional MBA unless the matter of money and time are really impediments forcing them not to pursue studying an MBA at all. If that is the case then opt for an online MBA.

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Why NOT to ignore Current Affairs?

10:34 | Labels: cat 2013, mba, mba admission, mba notification, mba updates

Which field on this planet is not developing? What experiences zero growth? Nothing! Who said only technology keeps updating it adding value embellishments all the time? In fact, the gamut of knowledge grows faster than the speed of light. Different situations lead individual, companies, organizations and even countries to think of different solution for their data set of trouble. Thus, every new solution thought of by them is an addition to the value of knowledge which could again lead to contesting solutions that could be debated again leading to one more data set of knowledge. Thus each new happening, each new flash adds immense education value whose knowledge will add to your decision making power. Here are some reasons why MBAs should get their hand on the daily newspaper more often.

Group Discussions

As far as MBAs goes current affairs stands tall in front of them in the group discussion. This is the time for intensive reading of newspaper; eminent magazines, education debated and good books. They could come handy in altering the path of your destiny to enter a top-notch business school. Group discussions are in fact very competitive where no amount of knowledge is an upper limit.

Decision Making

Post business school when you enter a work space, whether in India or even abroad, you being an MBA are going to be on managerial level where decision making would be definitely be a part of your job profile. For e.g. Any decision you take could take at work, with respect any deal without readings your competitor’s stance published on the front page of the newspaper could cost your company millions and it could probably cost you your job too. A daily read of a business newspaper would definitely aid you land a job with a good salary hike and promotion. MBAupdates thinks informed decision making is the key to success anywhere.

Policy and Regulatory Changes

Most of the MNCs or even big governmental corporations are driven by their own set of rules and regulations as stipulated by the governmental and other pertaining regulatory authorities. As the tastes and preferences undergo changes, so do the demand and supply situation affecting regulations to fill in the gaps produced at the macro level. This has its effects on the firms and companies working lower wring in the order and thus being an MBA you ought to keep an open eye for current affairs.

First Impressions

Imagine yourself entering a conference with like-minded, informed and well acknowledged people discussing current issues in the limelight and their repercussions on the trade of your company. Would you like someone to ask you a question and you would stare right back at them in denial of the question thrown? Avoid embarrassing situations by being up-to-date on the knowledge front in professional spaces.

Your knowledge about current affairs and the ability to write a short note on any given topic is a resume by itself. No big degrees or accolades are required to develop this; all you need is- the daily newspaper!

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Do BA and B.Com Students Make Good MBAs?

14:39 | Labels: mba, mba notification, mbaupdates

Nowadays, the question haunting most students at a very early age is the whether their chosen stream, be it arts, commerce or science will facilitate their final goal of an MBA. However, MBAupdates suggests and requests the students to decide what they really want? However, if their ultimate goal is not a managerial degree then reading this article is futile. But, yes, if you desire to see yourself seated high up on the complex corporate ladder then read on to find out whether a BA, B.Com or B.Sc. will hinder your path to a successful MBA.

Training

If there is any difference between a student of any standard Bachelors degree and a Bachelors in Management student, then it is the training, the drilling exercises, the inherent mode of doing something relevant for very long. Conventional degree students lack the essential training at the earlier years when the mind is more receptive to picking things. Management students at Bachelors level function the same way as real MBA students but at a lower degree, a notch below them.

Time and Effort

Vis-a-Vis, a conventional degree holder who is used to a lesser hours and efforts in their degree course a management student at undergraduate levels is used to more painstaking effort and mostly undergo a credit based course, with interactive presentation, and more frequent industrial visit totalling contrasting the exposure that each gets. Standard degrees employ lower hours at study as compared to a management student at the same level of education making the management student more capable of taking pressure in the MBA coursework and at work in the future too.

Experience

Alas! Finally the main caveat of practical experience and relevant work exposure makes the management learner take the cake away from the degree holder.

They learn to interact at a different level as they do real time projects on the subjects like research methodology.

Irrespective to which field they are from during junior college they still have to do essential subjects like Account, Mathematics and Statistics irrespective to their tastes and liking for the subject.

Their internships and small time work experiences add value to their existing undergraduate level resume.

They deal to learn with people and work with groups of people at an earlier age increasing their power to adapt to changing situations and probably adapt to different work environments in the future.

The experience is directly proportional to the number of years dedicated at management level study.

MBAupdates concludes on an affirmative note that the standard or the conventional degree holders like B.A, B.Com or even B.Sc. lack the edge in general. However, MBAupdates strongly clarifies its stand that the aforementioned conclusions are drawn only on the basis of the comparison of the course frameworks and has personal abilities and capabilities of the students are not taken into consideration.

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Top 5 Must-Read Books For MBA Students in India

15:30 | Labels: mba, mba notification, mbaupdates

A real MBA is an all-rounder, an aspiring student in his times, popular in college and a leader at work. How does this happen? Does it merely happen by attending a good reputed and ranked business school? No, it happens by gaining knowledge and hearing out other people’s experiences. Not often do we know people of relevance whose experiences we can learn from. But, don’t forget we have books where innumerable applicable and real-life experiences offer abundant knowledge at hardly any cost. Use this to aid you to become the real MBA you desire to be. MBAupdates encourages you to read the following books from Indian management scene.

World Class in India: A Casebook of Companies in Transformation, Gita Piramal

This Penguin India book is a must-have, as it supports the case for corporate India to make necessary changes and amendments in context of the global scenario. It talks about the managers of the now big corporate and their resistance to changes that could have cost fortunes. It is a well-researched book diving into various industries and sub sections attempting to understand the psyche of the corporate Indian leaders.

Fortune at the Bottom of the Pyramid, C.K. Prahalad

This book by the reputed management Guru C.K. Prahalad offers some great insight into how the developing countries, like the BRIC nations are actually offering more poor population to make great markets out off. The story of the new market begins form the bottom of the pyramid than the top cream section. This is a book with different perspective that will set you thinking.

Count Your Chickens before They Hatch, Arindam Choudhary

This book explores the different angles making it an encompassing read for an MBA. It starts with the need of the hour in terms of managers and human labour, comparatively analysed by the industry specific experts who possess these qualities along with the psychology of the leader unfolded in each page. This book is a great read to understand the Indian business manager.

Winning Strategies, Shiv Khera

Winning Strategies edges more towards personal development. It teaches the correct attitude

that business leaders should have, inter personal skills they should develop, how they should set their goal and how strategies are made based on the personal abilities assessed by an individual. This a definite read for all those suffering from taking that extra step forward due to the feeling of incapability and low self-esteem.

Sack the CEO, Jitendra Jain

This is humorous account fictionalised by the author who aims to talks about the different types of leaders, managers and bosses and how each should be dealt with. It unfolds a strategy, strategy worth lending your ears to.

These are some of the most resourceful chosen books after careful and relevant research by the MBAupdates team.

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Would the Increase in Women Managers Benefit the Nation?

11:24 | Labels: cat 2013, mba, mba notification, mbaupdates

Issues of the men and women have dominated debates since the beginning of mankind. Women were classified to be home makers and the child bearers whereas men were the bread winners, earning a living for their family for basic sustenance and life. Today, things have changed. In fact, MBAupdates thinks that the profile of men has more or less remained the same, but women have added more cookies to their already heavy baskets. Women can multi task, yes it is a fact, and this is exactly what has given them the edge over men when it comes to see-sawing between, home and work. This in fact is the biggest proof of women being better managers than men. Multi-tasking means increasing productivity in two spheres making them better contenders to help increase productivity in the nation, at large. Here are few reasons why MBAupdates gives away the trophy to the fairer sex MBA.

Flexibility Adding To Productivity

Women are known to be more flexible and probably that one reason why women leave their houses after marriage then men. Flexibility and the openness of the mind add more value to their productivity. Since birth, women know they have to handle both home and work and hence their thought processes are less restrictive in nature that attempt to navigate and find ways to reach the result faster and yes, the same result with any compromises MBA.

Women Are More Ethical

Women are known to be more ethical as their efficiency has more finesse than that of men. This is the reason why they do not really resort to unethical and illegal articles at work. Women are lesser corrupt than men by a whopping 40%. Women include more considerations than men do and hence the try to encompass most of the factors that would probably affect their final product even before a project has started lending them the ability to do tasks without any negative assistance.

Tolerance Levels

Women are more tolerant than men and are stronger at handling feeling of dejection, incompetence and failure. Men often take such adjectives on their ego resulting in a depressive state of mind incapable of adding more productivity to any official result at work or any other place. Higher tolerance levels help them deal with a range of diverse problems unlike men who have a lower threshold on tolerating nuances at work.

Women Are More Tactful

As women have the ability to think 360 degrees, they are more tactful while handling people, managing expectations, giving feedback that reflect as being more responsible. This makes top bosses trust women more than men. Women understand the finer elements and threads of relations and expectation based on the value system as they are multi-faceted by nature and profile.

Yes, thus employing more women at a macro country level will definitely help increase the productivity, efficiency through timely execution and a finer understanding of the scope of the work, as women understand expectations better.

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What Do B-Schools Look For In A Candidate While Selection?

11:04 | Labels: mba, mba notification, mbaupdates

The pressing question of what do B-Schools really look for in a candidate for admission has a rather ambiguous answer. Each business school has its own criteria which undergoes changes each year. There are no criteria fixed by any university, private or public or none listed by the governmental decision-makers on education in the country. This puts prospective MBA desirous students in a fix, in a dilemma with no objective answer. MBAupdates has deciphered the intricacies and researched the opinion of many B-School ex-students and those currently in process of application and admission to boil down to the few indispensableand vital admission gaining criteria for selection by B-Schools.

Experience, Experience, Experience

No matter what people say experience is something that definitely adds oodles of value to your chances of getting chosen in your dream B-School. Having experience in your kitty completes the picture. MBAupdates research shows that having a minimum 2 years’ experience can be lucrative for an admission desiring MBA. Working as an intern or a management trainee reflects your ability to work, your motivation, and your determination about taking up the MBA seriously. Work experience before an MBA looks like a more organised and chalked out system than a one without it.

You scored!

Getting a good CAT, CET, NMAT, XAT etc. score is not the ultimately test. MBAupdates estimates that a good qualifying score matters to an extent of 50%, nothing more or nothing less. There are a practically no colleges that take students based solely on the parameter of their score. Thus, beating the world in the common eligibility test is no real guarantee of you getting through the desired program and college. Of course, MBAupdates does not deny the importance of a good score. A good score is necessary but not a sufficient condition. A good score needs many props like experience and overwhelmingly impressive resume.

All-Rounder Resume

There is stark difference in actually being an all-rounder and having an all-rounder appeal for your resume. You resume needs to reflect the correct growth. The resume should show the responsibilities undertaken by you on an increasing trend. You involvement in Extracurriculars should show a rise of nearly 25%at each stage starting from the 10^th standard, to graduation, other post-graduation if any and rounding off with a minimum two years of professional work experience. Building a great resume is tough job. However, do remember to highlight extracurriculars at along with each score you write.

Thus, as researched one can notice that none of the above mentioned selection criteria are independent of each other. One’s power is dependent on the others and hence irrespective of the presence each element should be present in your successful selection equation into preferred a B-school.

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Does Learning a Foreign Language Help MBAs

11:02 | Labels: mba, mba notification, mbaupdates

In an increasing universal work culture, where work is now become globally interconnected any additional skill that bridges the domestic and international gap in any way is more than welcome. What differs one country from another is the culture, the food, the work life but the most important point of difference is the language. English no more holds the roost for being the most spoken language in the world. Hence, there is a requirement for new languages.

Need for a Foreign Language

Log on to some offbeat job site or community website that shows freelance and part time job openings. You will see a lot of such jobs as translators and copy makers in certain specified languages. Markets have undergone evolution, the countries that used to communicate in English have been taking a backseat whereas the developing countries like China and the other BRIC nations are moving forward in business and enterprising requiring professional equipped to handle their native languages. Knowing the native language of a country helps bringing in the business, striking deals and closing negotiations of favourable terms. Hence, corporate and organizations prefer bilingual and multilingual mba professionals.

Important foreign languages for MBAs

From the detailed research and survey MBAupdates attempted it was observed that the languages in demand are Mandarin, Japanese and Spanish. These are the languages that are in demand. As the countries speaking these language are the countries taking a piece of the world with their development goals. You do not need to be great at reading or writing; just talking it fluently by learning through different ways can help you get the essential skills you need to know a new language.

How Does It Help MBAs

If you are an ambitious MBA looking for a good job opportunity abroad then here is a small but effective gateway. Learn a few, or even a single foreign language based on which country of the globe you intend to settle down it. First of all, if you have an additional skill of a foreign language, your resume looks more complete; secondly, the foreign language prefers you over the rest of interviewees, and thirdly, research shows language skills help basic post MBA salaries by nearly 15%-20%. The reason why this is considered an asset by employers is because languages are the keys to the hearts of many. Many a business deals and projects are one by making the client feeling more familiar, at home giving the MBA a new kind of business exposure! And this is best done with none other than the key to the client’s native languages.

Amidst the major, complex and detailed credit based MBA programs that students undergo, learning a new language is a rather relatively easier task, it is not too much of an investment and languages can be learnt effortlessly. Yes, learning a foreign language definitely helps MBAs. Talk a new tune, now! Do read the helpful tips and basics on language learning for MBAs complied by MBAupdates.

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Does Higher Education Reduce Crime?

11:17 | Labels: mba, mba notification, mbaupdates

In the equation of crime, crime itself is the dependent variable, which is dependent on 20% education and 80% subjective personal circumstances. Education mba alone cannot mitigate the effects of crimes. Yes, crime is partially dependent on education. India is a vast country, a country filled with educated and uneducated people, with an average low literacy rates. In the other side, you have the United States of America, which too has been witnessing a discernible incline in crime rates, but wait; doesn't USA have higher literacy rates? Then why is it that the crime rates are seeing an increase. So what really results in crime? Taking the education factor into consideration it should be accepted that higher education, that is , higher the child goes into the education system lower is the likelihood of crime as the individual is develops a stronger civic sense, desires to be a better citizen, learns about rules, regulations and punishment. At the same time the higher the student climbs the ladder of education, higher are his chances of earning a better salary and thus lower is the possibility of him not being able to satisfy any of his needs. If he has the means, his desires are satisfied and hence education does play a partial role. If it did play a full role in reducing crime then no one in developed countries would have committed crimes. Take for instance the hate crimes, along with the other uncontrolled shootings that happen. Most of the criminals are highly educated. Circumstances, the individual external situation and internal feelings play a major role in influencing crime. Individual situations can be caused by any family, relationships, friends, community etc. Internal situations can be caused to due to medical or psychiatric conditions and other mental disorders. Statistics show crimes arise mainly out of the inability to get the basic necessities. In a slowing global economy, mba, job and money matter, and the incapability to get these spur the crime rates. In times like these the job satisfaction levels are very low which tend to create an uneasy feeling prompting illegal alternatives as the short best quick route to the desired goal. A very abstract thought playing on the mind, is the contribution of the minority community in crimes. Research and survey have shown that crimes within and amongst minority communities have seen a steady rise. This could throw light on a very clear relationship between the lacks of benefits, opportunities and decent lifestyle with the need to commit crimes to get the basics. Culminating so brings us to a totally different solution. To reduce the crime the government must try increasing jobs in general and specially to the minority groups and communities. Educational seats are already provided via the quota system but additional benefits could help the population at large feel more equated and at peace. Nonetheless, the attitude and mentality of the people can be honed with effective training, ideas and correct moral education. Thus, criminal activities are caused not singularly due to the lack of education and neither can higher education reduce crime single-handedly.

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Does The Length Of The MBA Program Make Any Difference?

10:56 | Labels: mba, mba notification, mbaupdates

Taking a decision about enrolling for an MBA programs to a great extent depend on certain variables like the affordability of the program, the specializations offered by it and the duration of the program. Out of the three, two that are most significant and to an extent related to one another are the factors of affordability and time. The tenure of the program and the affordability are both directly proportional to one another and highly dependent on each other. There are many different angles to answer whether the length of the MBA program does make any difference? However, after a lot of deliberations, research and discussions MBAupdates presents you with you some easy solution you can choose as your answer. The answers are subjective in nature.

Answer 1- This solution depends on the type of MBA you are looking for. If you are a professional with a minimum 2 years work experience and looking only for an Executive MBA of sorts for a leap in your career then you should ideally not be attempting to go for any program lasting for more than one year. Even if in case you do something like that you tend to nullify the added advantage of the MBA course by the loss of two or more years of work experience. This brings you back to pavilion with respect to your salary. These courses are more affordable as the executives’ affordability kept in mind while pricing the coursework aligns with their opportunity cost lost with one year’s break at work. Yes, in this case the length of the MBA program definitely makes a difference. While pursuing an Executive MBA you are looking more for a titular course rather than detailed framework, so is the case with Part Time MBA programs which professional pursue simultaneously while working.

Answer 2- If you are a fresh graduate looking to complete your circle of education with an impactful MBA, then yes two year course definitely makes a difference to you. As you have no work experience you need to dedicate more time training yourself with an in-depth course detailed for a specialization of your choice. The investment you need to make will be way more than the other flexible MBAs but it will be worth it as your entire career could depend upon the credits taken during the MBA coursework.

Thus the question has personal answers, each student or professional’s primary motives of procuring the degree could be different. However the guiding factors that remain the same irrespective of the individual’s decision and circumstances are the consideration of the opportunity costs of money. That one considers in each of the answers given above. Choose any of the solutions above as your answer before you choose an MBA program with a set time period.

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5 Ways to Find the Perfect Internship

Does Online MBA really help?

Why NOT to ignore Current Affairs?

Top 5 International Book Reads for MBAs

Do BA and B.Com Students Make Good MBAs?

Top 5 Must-Read Books For MBA Students in India

Would the Increase in Women Managers Benefit the Nation?

What Do B-Schools Look For In A Candidate While Selection?

Does Learning a Foreign Language Help MBAs

Does Higher Education Reduce Crime?

Does The Length Of The MBA Program Make Any Difference?