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Monthly Archives: December 2016

About Graduate Education

There are some graduate degrees which make one financially sound. For example, a graduate diploma in business or finance is highly appropriate for someone who wants to make his or her career in business. But this does not hold true for everyone. A person with a graduate diploma in music does not mean that he/ she is financially sound unless they have a quality graduate education. Before enrolling in a graduate school, one should see whether the time and money spent is really worth in the short and long run. If there is no definitive and positive result, then a graduate degree or a diploma is really a wastage of time and money.

Holders of graduate degrees in English, Philosophy, drama, etc are increasingly finding it difficult to secure employment in the business sector and they tend to shift their career to other niche options. Among these, an MBA degree or an Executive Master degree are the most sought after option. These days it is seen that students are inclined towards doing an MBA or Executive Master degree to get lucrative jobs in the leading MNCs offering attractive salary and perks. It is seen that students from different countries are heading towards Singapore for doing MBA in the leading Singaporean Universities. Among them INSEAD, Nanyang Business School, the National University of Singapore and Baruch College, the City University of New York are some of the leading universities in Singapore to name just a few. The Nanyang MBA is globally recognized as the Top 25 MBA programs in the world and the first and only Singapore University to be ranked that high.

AACSB accreditation is the hallmark of a high quality and internationally recognized graduate degree. A good quality graduate education improves ones individuality and gives them recognition in society. They are also beneficial to the institution as well as in the development of their nation, which is seen in countries like Singapore, Sweden and Finland where human capital is the main competitive asset of the nation. Graduate schools like Chicago and The City University of New York are already in Singapore, which attract experienced professionals across ASEAN.

Singapore is a country offering varied study options for the graduate students like Masters in Finance, Masters in Psychology, Masters in Human resources, Masters in Marketing to name a few. Emphasis is given to ensure that every student thinks and acts like global citizens and contribute towards the development of the nation. They are encouraged to attend seminars and workshops to help them gain knowledge into the working world, both in Singapore and overseas.

The main reason why thousands of students from different countries flock towards Singapore is because of the varied educational options and world-class education at low cost. In addition, the comfortable environmental scenario is also one of the reasons why Singapore has become the educational hub for foreign students as well as locals.

Part-time MBA Program Benefits

Owing to the demand, a lot of universities and known B-schools are offering part-time MBA programmes to working professionals these days. The classes are held in the evening or on weekends. The course is so designed that it is fit for full-time working professionals who cannot devote much time to studies. Part-time MBA courses are generally three-year long instead of two years like a regular MBA programme. One can specialize in the stream that one wants to ie you can pursue part-time MBA in finance, marketing, Hr or any other that is offered by the institute of your choice.

While you are looking out to finalize from your options of part-time MBA program, there are a few things that you need to consider to make the final decision. You must find out if the institute is has scheduled courses throughout the year. If it has, it may become difficult for you to find time for internship. So, find that out in the beginning. Then, not all institutes offer specializations as in the full-time MBA programmes.

These institutes offer only a small number of concentrated study courses and put emphasis on the core curriculum. So, if you wish to do a specialization, you may have to look for other institutes. A part-time MBA programme that offers as many courses as a full-time one may actually takea lot of time to complete, sometimes as much as four to five years. So, you must decide whether it is worth investing so much time.

There are many reasons why a part-time MBA is so alluring for working people. There are many advantages of the programme.

These part-time programmes are especially very appealing to those professionals who want to give an impetus to their existing career. Adding to their qualification without having to resign from their job or take a career break is a very attractive avenue. A part-time MBA also helps those who have a huge network of business relationships that can easily facilitate a change or upgrade in career.

While there are many advantages of a part-time MBA programme, it is a well-known fact that these programmes are mostly opted by people who are working full-time. Since these courses are so scheduled that they can be taken up either before or after regular working hours, they are a huge hit with working people. Secondly, these programmes allow you to hone your existing skills or develop new skills without having to give up a regular income that comes with your job. Since you would be already working, it would be more practical and feasible for you to manifest what you learn into practice and also take up real-world problems and challenges that you face at the workplace into the classroom where you can discuss them with other students or the faculty. For part-time MBA programmes too, you can avail loans and fee assistance. Also, if your employer agrees to sponsor your MBA education, you get double benefit. Thus, a part-time MBA programme gives you enough flexibility and a workable schedule to carry on your education.

However, there are a few disadvantages too that characterize a part-time MBA programme. The course is longer than the regular MBA programme. If your work entails traveling or staying in office for long hours, a part-time MBA programme will not allow you that. Most institutes do not allow a shift from the part-time programme to a full-time programme if you wish to do that. So, you must weigh all options and seek advice and then take an informed decision about doing a part-time MBA.

Role Specific in MBA

Today, we relate the word management with the business and industry sector only, but it can be equally linked with most of the work areas.

Management implies quality of leadership and motivation to inspire and encourage people to work in order to achieve clearly defined targets before time or well on time. It involves lots of factors related to economy and policies. Certain decisions effect employees while others effect management. Planning, controlling, arrangement making, scheduling of things, required information, evaluation of technical, economic and other important things make management imperative.

Management science is related to the real world only; it takes situations and concepts from the day-to -day life. It also gives attention to analysis and statistical data. Management always works over psychological concepts for leadership skills and developing objectives for motivated and motivating the demotivated people. It studies the economics to determine the cost and expenses bared by the company. It also studies the organizational behavior of the employee who has been recruited from various segments of society. Political theory guides in understanding the hierarchy and power center, statistic and mathematics helps in predictions of profits and expenditures. Managers should always be able to draw rational conclusions, understand the rule, and always develop the basic to set good examples for others.

Business activities have become more and more complex and their management requires especially capable people to handle all type of situations. In small industries and organizations, management related responsibilities are handled by the owner itself. But in big organizations, a special team of qualified people works in hierarchy for smooth functioning of the organization. These managers may be qualified in specific functional areas of management.

Management hierarchy

Nowadays, most of the organizations follow an operational hierarchy in management. The following paragraphs describe the kind of work managers are expected to perform at each level:

Junior management positions

Most of the public and private sector firms recruit management trainees. They work as junior most executive and assist the other cadre. Management trainees undergo a rigorous probation during which they are introduced to the functioning of the organization. After the completion of the training they are assigned to junior level managerial positions.

Generally management trainees are graduates. They need not have work experience or any degree in management but selection is made generally on the basis of personal traits such as good communication skills and work habits. Some reputed firms prefer to train young executives in the management operations in their own organization as per their firm’s requirements. Such firms select young promising graduates from reputed college campuses and induct them into their work force. Others, however, may prefer trained MBA’s from business schools.

What the course is about

General Management – For a broad business background the general management course is most suitable choice for aspirants. The main objective of the course is to develop leadership skills for being able to lead in an organization. The courses seek to increase critical thinking and analytical skills for understanding the real situation better.

Course content – Social and Political Environment of Business, Management and Career Development, Organisational Behaviour and Leadership, Marketing Management, Leading Change in a Quality Organisation, Human Resources Management, Power and influence, Management and Leadership, Competitive Strategy, International Management, Behaviour Skills for Managers and Professionals, Operations Management, Materials Management Business Ethics.

Prospects with General Management – Smaller companies prefer the general MBA candidates because they have a broad skill background and are better in team work and communication skills. Larger companies prefer the specialist MBA’s because it gives them depth in a specific area such as finance or marketing. Students whose goal is to work in an institution to oversee the entire operations need a general management degree. Some institutions are well know for imparting a valuable blend of subject and skill specific courses.

Smaller companies prefer the general MBA candidates because they have extensive skills and better in team work and communication. Larger and big companies prefer the specialized MBA candidates because it gives them depth in the particular area such as marketing, Human Resource, International Business or Finance. Students whose goal is to work for entire operations need a general management degree. Some institutions are famous and best for imparting a valuable blend of subjects and skills specific courses.

Other Specializations

Operational areas for managers in any enterprise are marketing, sales, personnel, finance, accounting, Production, materials, exports, and market research. There are post graduate management courses in these areas offered by private institutions as well as Universities. Several sectors conduct specialized management courses like: Hospitality, Travel, Hotels, Hospitals, Retail, Fire Departments, Rural sector etc.

How to Choose a College Major?

Once you are accepted into a college and begin taking classes, the next step is to decide on a major. Most college graduates change their major several times before they finally pick one and stick to it, so it is important not to get discouraged if you have a hard time deciding right away. However, there are some factors to consider beyond your general interests when you decide the subject on which you will focus your studies. It will take a lot of research and soul-searching for you to find a good and somewhat practical match for your interests and lifelong goals.

The first thing to consider when choosing a college major is what interests you the most. Some subjects are more financially lucrative than others, but there is no sense in studying a subject that will make you miserable once you begin working in your field. It is obvious that business, sales and marketing degrees tend to put you on the path toward financial wellbeing, but if you are not interested in the business world you will find that you do not enjoy your chosen career path. Rather than choosing something simply because of future financial benefits, try exploring a variety of options before locking down on one. If financial status is major goal, take a variety of science classes to see if those suit your fancy.

However, practicality should be considered when you choose your major. You should evaluate that reasons you are in college, and plan your course of study accordingly. If you are attending strictly to gain general knowledge and experiences, then choosing something simply because you are interested in it might be an acceptable way to go. If you enjoy reading and writing, getting a degree in English might be beneficial to you. However, English degrees are not quite as marketable as business or science degrees.

If you are unclear about your interests when you first enter college, rest assured that you are not alone. Many people look at their undergraduate experience as a way to get acquainted with themselves in an intellectual and a personal way. Take a wide variety of classes during your basic coursework, and you might find that your major finds you. If you tend to enjoy psychology classes more than anything else, you might consider majoring in the subject, especially if you plan to attend graduate school.

Keep in mind that you can always change your major. Granted, you may end up spending more time in college than you had originally planned, but if you look at it as a journey of exploration, you will find that you will learn more from your college years than you would if you had the get in and get out mindset. Once you finally decide on your major, you will feel confident that you will have made the right choice, and you will be able to learn more from your classes than you would if you were still unsure.

No matter what college major you choose, remember that you are not writing anything in stone. Once you graduate, you will have the freedom to choose whatever sort of profession that holds your interest. Recent graduates are all the same in that they have limited experience in any given field, even if they do have specialized degrees. If you are planning to attend graduate school, you will once again be able to choose another course of study. As an undergraduate, your main goal should be to learn as much as you can about everything that interests you, and to gain as much real life experience as possible. College is your last chance to explore the world without extreme financial responsibilities, so use your time wisely and learn as much as you can.