Master of Business Administration Degree

12 November 2017 By Ritesh Arvind Rajput

The Master of Business Administration (MBA) is an internationally-recognized degree designed to develop the skills required for careers in business and management. The value of the MBA, however, is not limited strictly to the business world. An MBA can also be useful for those pursuing a managerial career in the public sector, government, private industry, and other areas.

Most MBA programs include a "core" curriculum of subjects, such as accounting, economics, marketing, and operations, as well as elective courses that allow participants to follow their own personal or professional interests. Some schools require that MBA candidates complete an internship at a company or organization, which can lead to concrete job opportunities after the program.

Quality business schools generally require that candidates have at least a few years of professional work experience before starting an MBA program. Applicants are also asked to submit Graduate Management Admission Test (GMAT) or Graduate Record Examinations (GRE) scores, academic transcripts, letters of reference, and an essay or statement of purpose that reflects why they want to pursue an MBA. Non-native English speakers usually have to prove adequate English skills with TOEFL or IELTS scores, or through previous academic experience.

The MBA is currently the most popular professional degree program in the world. Today there are over 2,500 MBA programs offered worldwide; most are offered in English. First introduced at universities in the United States around the turn of the 20th century, MBA programs have evolved to keep up with the demands of the times.

While traditional two-year MBA programs are still common, especially in the United States, one-year programs have become increasingly popular. Part-time and online programs are also widely available for professionals not willing or unable to take a year or two off to do a full-time program. Executive MBA (EMBA) programs are part-time programs targeted at professionals with more years of managerial experience than traditional MBA candidates.

For more information on MBA you can visit the FAQ section by clicking here: https://find-mba.com/what-is-an-mba

Master in Computer Applications

A three year long course, Master of Computer Applications (MCA) is a professional post-graduate programme for individuals aiming to delve deeper into the world of application development through the way of learning modern programming language.  A blend of both - theoretical and practical knowledge, an MCA degree offers students a chance to work with tools meant to develop better and faster applications.

MCA programmes are designed to meet the shortage of qualified professionals in the IT (Information Technology) industry. In India, there are a lot of colleges offering integrated MCA programmes as well.

Basic eligibility requirements for a MCA programme:

According to AICTE, an MCA course has the following pre-requisites:

  • Aspirants must have a BCA/BSc/ BCom/BA degree with Mathematics as one of the subjects at 10+2 level or at graduation.

However, MCA colleges in India might ask you to fulfill the following as well:

  • Aspirants need to be an Indian National. Foreign nationals/Non Resident Indians/Indian nationals may or may not be eligible to apply under the Foreign/NRI Category.
  • Aspirants must have obtained a bachelor's degree in Computer Applications, Computer Science or Information Technology.
  • Minimum marks required: 50% to 60% (a CGPA above 6/10 is considered good) in Bachelor's; 55% and above in Class 12th. Class 10th marks do not matter in most cases.

Note: The above mentioned eligibility criteria might differ from college to college. This is just an overview.

MCA Course Curriculum

Typically, the basic curriculum of an MCA programme includes topics like network and database management, electronics, mobile technologies, financial accounting, mathematics, statistics, cloud computing, Java programming etc.

MCA Specialisations

In an MCA programme, students would likely have the following specialisations to choose from:

  • Application Software
  • Hardware Technology
  • Internet
  • Management Information Systems (MIS)
  • Networking
  • Systems Management
  • Systems Development
  • Systems Engineering
  • Software Development
  • Troubleshooting

 

 

Career Prospects after MCA:

The IT industry is ever-blooming and there is no dearth of lucrative job opportunities in this field. An individual with an MCA degree may land a job in government as well as the private sector. Many top software companies, consultancy firms and large corporations across India recruit an MCA graduate.

Some of the companies hiring MCAs include NTPC, GAIL, BHEL, Accenture, Infosys, Wipro, TCS, Cognizant, IBM etc.

The salary package depends on the recruiting company as well the skill/s an individual possesses. One of the MCA graduate was quoted on Quora saying, “Top companies like TCS, Infosys will offer an average package of around 3.5LPA to 4.5LPA whereas some product based companies like Symantec or Nvidia have offered around 5LPA to 7LPA to a MCA fresher. Also a lot of startup have started acquiring talents with high packages ranging from 7LPA and above”.  

What after MCA?

After completing the degree, individuals, mostly get into the job roles mentioned above. However, if you wish to enhance your IT skills, you could opt for pursuing PhD /M.Phil. You can also consider becoming a lecturer of Computer Science/ Communication Technology in a college offering MCA programmes.

Mentioned below are the job profiles you can get into once you have an MCA degree in hand:

  • App Developer
  • Business Analyst
  • Database Engineer
  • Ethical Hacker
  • Graphic Designer
  • Hardware Engineer
  • Manual Tester
  • Mobile Developer
  • Network Engineer
  • Project Manager
  • Quality Analyst
  • Software Programmer/ Engineer/Developer/Application Architect
  • Systems Analyst
  • Software Consultant
  • Social Media Handler
  • Troubleshooter
  • Technical writer
  • Web designer
  • Web developer
  • You could also give a thought of having your own start-up!

Incase you would like to know more about the syllabus you can click here: https://www.shiksha.com/it-software/articles/what-do-you-study-in-an-mca-course-syllabus-overview-blogId-13488

Source: https://www.shiksha.com/it-software/articles/what-is-mca-all-about-know-the-full-form-eligibility-and-scope-blogId-13487

Chartered Financial Analyst

What is CFA® course?

A time when educational certification in major subjects is no longer an option but a mandatory document to further one’s career, Chartered Financial Analyst® designation can come as a sigh of relief for everyone interested in the Finance field. A post Graduate Degree in Finance like CFA® Program can be your golden ticket to land in a high paying job. Unlike MBA, that only covers general aspects of management and business, CFA® Program stresses more on Finance aspect.

CFA® course details:

CFA® Program is a professional credential offered by CFA Institute to Investment and Financial professionals. After completing and passing the CFA® Program one will bridge academic theory,assess current industry practice, and learn ethical and professional standards to provide a strong foundation of advanced investment analysis and real-world portfolio management skills.

Who can do CFA® Program?

You are eligible if you are in the final year of your bachelor’s program or already have a bachelor’s degree, or have professional working experience that totals up to 4 years. Below is the CFA® eligibility criteria course in India.

Current MBA students/MBA aspirants

B Com / M Com students

CA aspirants

IT professionals

What is CFA® Program about?

This program helps you specialize in a broad range of investment specialties that can be applied in any market worldwide. CFA® Program is wide-ranging curriculum that will expose you to investment principles for you to meet the professional requirements of any work place. The level of competence and integrity of a Finance professional today is measurable by a definitive standard like CFA® Program.

CFA® Course Duration:

To earn a CFA® charter, one has to give a series of sequential exams Level I, Level II, and Level III. The minimum duration to clear all three exams takes about 2 years.

Benefits of the CFA® Certification:

Today CFA® course in India is considered as the highest standard of professional excellence. If you are someone who wishes to get placed in elite company like Big Fours, then all it would take is passing the rigorous exams and confirming your mastery. This certification ensures that you are equipped with hands-on knowledge in the investment industry. To build remarkable reputation among your clients, employers or colleagues, you have to commit to ethical behavior and proficiency at work. Therefore, being a CFA charter will uplift your credibility in the eyes of clients and colleagues.

Benefits from a Company Prospective:

Companies are on the lookout for people who are infused with asset-management skills, can formulate investment strategies and perform investment analysis. No wonder why CFA® course in India is in demand. Since MBA’s are only exposed to non-financial subjects like marketing, human resources, organizational behavior and others, lack of financial planning has become a great concern. In order to fill that gap, CFA® Program came up with comprehensive and exhaustive exams dedicated to prepare individuals entirely to carve a Finance Career path.

Other Benefits are:

Credibility:

There is nothing like being highly regarded as expert in the world of Finance. Get recognized throughout the world while you join a network of 100,000 investment professionals.

Global Recognition:

CFA® Program has a six-decade history which is why they are accepted globally. CFA® charterholder can look for jobs across markets, for example, a CFA® charter earned in Asia can be recognized by employers in Europe.

Respect:

Chartered Financial Analyst® designation is touted as one of the most respected certification amongst the employers in India.

Job Roles after CFA® course in India:

Everyone who is already in Finance field or wishing to switch their careers can choose from a myriad of job roles like as follows:

Portfolio managers

Private bankers

Fund of fund managers

Financial advisor

Relationship manager

Financial strategists.

MBA’s and CA’s can join CFA to get into core investment banking jobs.

CFA® salary expectations:

Acquiring a CFA® charter will help you draw more salary than your uncertified peers. Not only CFA® charter opens doors of opportunities for you, but also lets you benefit from high compensation.

Below is an illustration showing the salaries of employees having CFA® certification.

Median Salary by Years Experience – Certification: Chartered Financial Analyst (CFA) (India)

Median Salary by Years Experience

A CFA® charterholder at entry level can earn an annual salary of 4 lakhs. Your salary will increase as you grow. With seven to eight years in this field, your average salary can shoot up to 12 lakhs. You can earn over 19 lakhs with more than 10 years of experience under your belt.

Want to know more about the syllabus of CFA Level 1, click here (http://www.edupristine.com/blog/cfa-level-1-syllabus)

Source: http://www.edupristine.com/blog/want-know-cfa-chartered-financial-analyst

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