A degree in Business administration is one of the most demanding degrees in the world. MBA stands for Master in Business Administration. Master of Business Administration is one of the most popular and recognized postgraduate qualifications in general business management.
MBA is the most sought out career choice for a person because you can get high paying jobs with this degree. MBA is a professional degree with a rich market exposure. Master in Business Administration is considered a good degree because individual having this degree can get high paying jobs in all over the world including our country.
The Master of Business Administration (MBA) programs are compiled for students to broaden their view of business that include management, marketing, accounting, human resource, organizational behavior, business research etc. Students would have an option to select an area of specialization to strengthen their expertise and knowledge of that specific area.
MBA program provides the student to the flexibility to pursue successful careers in a variety of industries, and across geographical and functional boundaries. Besides ding MBA as a general management program there are specific MBA courses also offered in Pakistan like MBA in Banking & Finance, MBA Insurance & risk Management and many others so you just have to pick the course of your choice.
Career in accountancy and finance:
Career in accountancy and finance requires highly analytical ability, playing with numbers and balance sheets and needs an individual to be fond of being at the complete back-end. As a specialist in finance you can play a key role in the field of consumer and investment banking, institutional finance, merchant banking, corporate finance and international finance.
Career in HRM:
Human Resource Management plays an important part in any organization. Human Resource Management is highly competitive and sought out career in the field of management. It involves recruiting personnel and their training, salary administration and handling union management relations.
Every industry needs HR managers for the successful administration of their work force. Human resource managers focus on all the activities of organization and assist employees in all the areas in maximizing their abilities.
Career in Marketing:
A career in marketing can take you in several different directions. There are many good job opportunities in the field of marketing in Pakistan. In the field of marketing you can look forward to a career in sales, advertising, brand management or market research.
Marketing plays a key role in industries such as Fast moving consumer goods, advertising and market research, sales and distribution and product or brand management. A large number of CEOs belong to the field of marketing.
Entry Requirements or Eligibility Criteria:
You should have bachelor in any study stream is the entry requirement towards MBA degree. You should have at least 50% or above marks. Some universities conduct a common entrance test Graduate Management Admission Test (GMAT) or NTS Test, and personal interviews.
These qualifications are important for admission; however, some schools do not weigh GMAT scores as heavily as other criteria. The common entrance test includes different papers like English, General Mathematics, Problem Solving, Data Analysis and Interpretations, Reasoning and General Knowledge.
MBA Programs offered by different institutions in Pakistan are as follows:
- MBA (3 ½ -Years) study program for candidates having 14-year of education. [After B.A/B.Sc/B.Com 2 Years]
- MBA (2 ½ -Year) study program for candidates having 16-year of non-business education.
- MBA (Executive) (2-Years) for candidates having 14-year of education along with 4-year job experience.
- MBA (1 ½ Years) study program for candidates having BBA/BS (BA) 4-year program.
MBA (Master of Business Administration) Specialization:
There are many areas of specialization in business administration some of popular areas of specialization include the following:
- Banking & Finance
- Human Resource Management
- Operations Management
- Project Management
- Supply Chain Management
- Modern Information System
- General Management
- Property Management
Career Prospects for MBA in Pakistan:
According to the specialization of MBAs there are many job options available to them. Tremendous opportunities exist in the field of Banking, Finance, and Marketing in national and multinational organizations. The graduates are in great demand and highly paid jobs are offered to them.
MBA degree has no exception; despite an MBA degree is considered one of the most valuable post graduate degrees in the world today and has thrilling and exciting career opportunities. You can get job in public and private sector companies in Pakistan.
There are many choices of jobs for a person having master degree in business administration; he can be a Bank Manager, Project Manager, Audit Officer, Chief Executive Officer, Marketing and Sales Manager, Financial Planner, Accountant, Marketing Specialist, Purchasing manager, Human resource manager, Advertising Manager, Assistant Director Admin, Business Development Officers, Human Resource HR Consultant, Management Trainee Officer, Public Relations PR Manager, Treasure & Finance Officers and many other jobs.
There are many companies and banks in which there are internship opportunities for MBA degree holders. So you can start your career from assistant and then you can achieve higher rank in the job market.