Haroon Rasheed Mohamed Iqbal

Master of Business Administration A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates gain a better understanding of general business management functions. The MBA degree can have a specific focus such as accounting, finance or marketing. An MBA is a level up from an undergraduates business degree and once achieved generally places the graduate well above those with only undergraduates degrees. Most major universities and college provide MBA programs, which usually last two years. To get into MBA program, an applicant needs to take the Graduate Management Admission Test (GMAT) and be accepted by the program based on its criteria. The MBA is a terminal degree and a professional degree. Accreditation bodies specifically for MBA programs tailored to full-time, part-time executive and distance teaching students, many with specialized concentrations. Personally I learnt a lot that how to develop my managerial skills and decision making during college times because of MBA course. It has streamlined me as a complete management person and those case studies, group projects and theoretical classes thought man-management as well. In general, MBA programs are structured around core courses with standard curriculum, typically at the beginning of the MBA program and elective courses that allow for a subject specification or concentration. Thus, often in the program’s first year, students acquire both a working knowledge of management functions and the analytical skills needed to practice them. After the first year, many full-time students seek internships. In the second year, students pursue elective courses, which often go towards a specialization. The degree culminates with coursework in business strategy. A dissertation or major project is usually degree requirement after the completion of coursework. Topics in business ethics may also be included. For Executive MBAs, the curriculum is generally similar. Many MBA programs end with a comprehensive exit examination. Programs were designed such that students gain exposure to theory and practical alike. Courses include lectures, case studies and team projects. The mix though, will differ by school and by format. Theory is covered in the classroom setting by academic faculty and is reinforced through the case method, placing the student in the role of the decision maker. Similar to real world business situations, cases include both constraints and incomplete information. Practical learning(field immersion) often comprises consulting projects with real clients and is generally undertaken in teams. The practical elements(as well as the case studies) often involve external practitioners-sometimes business executives-supporting the teaching from academic faculty Mainly MBA teaches the 5ps Price, Product, Place, Promotion, People (P5) All those five P’s are very important aspects to manage a business administration. Very simple. [

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