I am a B.Com graduate from rural area and want to do an MBA course and then go abroad. Please tell me how to approach it. Also my friend wants to start a business after doping an MBA. Please provide some insights into that too.
Getting a job abroad after MBA could be difficult and uncertain. Only a few students from top business schools in India like Indian Institute of Management, Indian School of Business get placements abroad. Trying on your own to get a job abroad after your MBA may not also give you any results as most of the countries in the world have strict working VISA rules. Unless you have quite a few years of valuable experience in an industry, it is almost impossible to get a job abroad.
So, you have two ways to go abroad after MBA.
One, get an admission into a top business school offering MBA or equivalent course
Two, gain quite few years of experience in an industry after MBA and then apply for jobs abroad.
What you can do right now to increase your prospects of getting into a good MBA course is just one single thing. That is, start preparation early. Admission to a good MBA course is generally divided into 3 stages:
1. Written test
2. Group Discussions
The written test generally contains questions on:
1. Numerical and analytical abilities
2. Logical deductive abilities
3. Verbal reasoning
4. English comprehension
5. Data interpretation and data sufficiency
Apart form these, some institutions ask questions on business awareness and some other ask to write an essay on a managerial or socio-economic topic.
If you qualify in the written test, you are called for a group discussion and interview session. In the group discussion session, a topic is given to a group of 5-10 candidates for discussions and reaching a conclusion.
Your final selection depends on:
1. Your academic performance (results in graduation. However, in most of the institutions this is given very low weightage)
2. Performance in the written test
3. Performance in the group discussions
4. Performance in the interview
5. Work experience (however, in most of the institutions work experience is given very low weightage)
Getting admission into a good business school in India is very tough. It is highly competitive and only the best brains get through. Apart from academic performance and performance in the admission processes, you need to have excellent communication skills in English. You should have focused career goals and you should have a set of action plans to reach your goals. Management institutes want to find out how systematic you are vis-à-vis your career plans.
So we suggest that you start preparing for the admission tests. It will better if you take the help of a preparatory class which offer coaching. Following are the leading coaching centers in India offering MBA preparatory coaching:
For contact details of a center near to your home, please log on to the web sites given above.
About your friend: Please ask him to do MBA first. Then he would himself understand how to start a business.