All about MBA & What you can do with it in Africa

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As the world is digitally budging forward. And, education, employment, and careers are getting complicated and competitive. We need to sharpen ourselves in all aspects to run along with our competitors. Most companies are hiring employees by evaluating their skills. MBA stands out from all other educational programs.

What is MBA?

Master of Business Administration program lends skill-based and academic coaching for students. It will assist and make them understand the business management environment.

Finance, accounts, economics, and marketing are the prominent fields of MBA. Moreover, Master of Business Administration is a reputable and eminent degree.

Who Can Pursue MBA?

It is one of the well-liked degrees in Africa and abroad. It is a two-years master’s degree program. Upon completion, it furnishes plenty of job opportunities in the corporate world.

Anyone with a degree in a recognized University can pursue MBA. Students from any discipline (arts, science, engineering) can do an MBA. Thus, it is a unique educational degree that even final-year graduates can apply. The minimum mark required is 50% in most B-schools.

How to Apply for MBA?

MBA colleges are commonly called ‘B-schools. B-schools conduct entrance tests and interviews to admit students. Once a student with an appropriate degree clears them, they can get admission to top B-schools.

What are the Top B-Schools in the World?

According to QS Global MBA Ranking

1. Stanford Graduate School of Business – United States
2. The Wharton School- Unites States
3. MIT Sloan School of Management- United States
4. Harvard Business School- United States
5. HEC Paris- France
6. INSEAD- France
7. London Business School- United Kingdom
8. Columbia Business School  -United States
9. IE Business School- Spain
10. Haas School of Business- United States

Criteria for MBA Institutes Ranking

The following factors decide the ranking of an MBA college.

1. Infrastructure
2. Placement
3. Faculty Quality
4. Geographical Location
5. Entrepreneurship
6. Employer opinion
7. Employment outcomes
8. Career services rating
9. Gender parity
10. Internationalization
11. Network
12. Learning
13. Student selectivity
14. Recent Graduate Viewpoint
15. Alumni

Types of MBA Degrees

There are numerous MBA courses available in most of the B-schools.

MBA in Finance

This course mainly focuses on the finance and accounts of the management. It educates the students to gain knowledge on finance, risk, and asset management. A person with good command over the stock market and finance can choose MBA in Finance.

Essential subjects in Finance Management are:

1. Cost of Capital
2. Financial Planning
3. Finance Functions
4. Advance Marketing
5. Financial Management
6. Money and Capital Markets
7. Statistics for Business
8. Cash Management
9. Capital Budgeting

MBA in Human Resource Management (HRM)

This course mainly teaches management, recruitment, supervision, direction, and guidance. This course trains the students to lead, govern, and command the organization. It is a fast-evolving field in IT.

According to a study conducted by corporate recruiter’s survey 2019, most of the company targets hiring recent Human Resource Management graduates. This course aims to provide a complete proficiency of trends and industry.

The core subjects of HRM:

1. Human Resource Planning and Development
2. Human Resource Information System
3. Fundamentals of Industrial Relations
4. Business Environment
5. Research Methodology
6. Marketing Management
7. Fundamentals of Industrial Relations
8. Human Capital Management and HR Audit
9. Managing Interpersonal and Group Processes

MBA in Accounting

It is a proficient degree. Students occur futuristic and revolutionary accounting skills. It is a very apt degree for a student aspiring to work in the financial industry.

The students will gain sufficient knowledge on business strategies, business law, and economics. At the same time, this course prepares the student for the managerial post.

After completing the course, the students earn problem-solving skills. It also trains the student for the CPA exam and CPA certification.

Core subjects in Accounting

1. Economic Environment of
2. Managerial Economics
3. Human Resource Management
4. Manufacturing & Operations Management
5. Current Trends in Management
6. Marketing Management
7. Business & Environmental Management
8. Basics of Marketing
9. Management Information Systems
10. Financial Management

MBA in e-business/ e-commerce

MBA in e-business stands for Electronic Business. IBM’s marketing and Internet teams introduced this term in 1996. E-business stresses the complete functioning of the organization.

Whereas e-commerce is the face of e-business. E-business focuses on improving the student’s prior understanding of e-business. It also enables the students to create and change the existing ones into e-business. At the same time, it makes the students capable of applying the earned skills in the real world to boost output and efficiency.

Core subjects in e-business

1. Management Concepts      
2. Financial Management
3. Marketing Management    
4. Strategic Management
5. Human Resource Management  
6. E-Commerce: Application and Securities
7. Financial and Management Accounting    
8. Internet and Java Programming
9. E-Commerce      
10. Advanced Web Development and Design Tools
11. Database Management System     
12. Enterprise Resource Planning
13. Management Information System 
14. Project Work and viva – voce
15. Software Project Management      
16. Global Marketing
17. Structured System Analysis and Design

MBA in Economics

It is a conventional MBA that throws light on Economics. This course stuffs knowledge in business topics that are closely related to economic principles. It is the first specialized course introduced in MBA.

At the end of the course, the students understand the economics in the business environment. It will provide a strong business foundation through its fundamental subjects.

 Core subjects in Economics

1. Human Resource Management
2. Business Statistics 
3. Organizational Behavior
4. Business Environment   
5. Indian Social and Political System
6. Computer Application and E-Commerce
7. International Business
8. Mathematical Statistics  
9. Business Analysis using MS Excel
10. Market Microstructure
11. Applied Multivariate Analysis
12. Econometrics

MBA in Entrepreneurship

MBA in Entrepreneurship is a specialized MBA course introduced in recent years. Today, entrepreneurs are the most successful people in the business world. Young minds are developing the drive to become future entrepreneurs.

This course equips the graduates with the skills and strategies required to succeed. This program aims to build the students’ potential to create business ideas and develop them.

Important subjects in Entrepreneurship

1. Management Process & Organization Behavior
2. Financial Management
3. Human Resource Management
4. Production & Operations Management
5. Business Communication
6. Management Information System
7. Managerial Economics
8. Marketing Management
9. Financial & Management Accounting
10. Project management
11. Statistics for Management
12. Operations Research

MBA in Marketing

The course teaches leadership, management skills, market research, and strategies. It is one of the most popular specifications in MBA.

Also, it educates students on consumer behavior and creating products. Additionally, it prepares the students for multiple careers in the marketing field. Students gain knowledge on Mathematics, communications, analytical, and management skills.

Courses for MBA in Marketing

1. Marketing management
2. Operations management
3. Consumer and brand insight strategy
4. Digital marketing and social media management
5. Forecasting, modeling, and marketing strategy
6. New product strategy, branding, and marketing
7. International and multinational marketing
8. Salesforce management

MBA in Global Management

This MBA specialization course builds knowledge on international business management. It aims to provide an international perspective to students.

There are extensive job opportunities and scopes for this field. The diversity of the students makes an MBA in Global Management a unique area of study. The curriculum is divergent in international business methods as compared to other MBAs.

Core subjects of MBA in Global Management

1. Economics & Management Decisions  
2. Domain-Specific Courses
3. Quantitative Techniques
4. Summer Internships
5. Financial Accounting    
6. Domain Tailored Courses
7. Marketing Management
8. Industry Visits
9. Human Resource Management     
10. Cross-Cultural Management
11. Financial Management  
12. Policies & Trade Policies
13. IT for Managers     
14. International Business Negotiation
15. Research Methodology  
16. E-business & E-commerce
17. Application Statistics     
18. Merges & Corporate Regulation

MBA in Production Management

This course covers skills relevant to production in various sectors. This course aims to deliver intended goods along with outstanding quality and quantity. Machinery, labor, and raw materials organizations are some core functioning fields.

Core subjects for MBA in Production Management:

1. Managerial Economics  
2. Managerial Economics
3. Corporate Environment 
4. Corporate Environment
5. Business Skills
6. Corporate Legal Environment       
7. Accounting for Managers
8. Management of International Business 
9. Management of International Business
10. Business Policy and Strategic
11. Management Business Policy and Strategic Management

List of other MBA Courses

• Supply Chain Management
• Aviation Management
• Banking  
• Hospitality Management
• Hotel Management
• Event Management
• Biotechnology
• Agriculture (Agribusiness)
• Banking and Finance    
• Logistics and Supply Chain Management
• Travel and Tourism      
• Clinical Research
• Materials Management
• Rural Management
• Industrial Management
• Infrastructure Management
• Interior Design
• Education
• Energy Management
• Real Estate     
• Power Management

Job Opportunities After MBA

MBA is an evergreen field as it provides plenty of job opportunities. It is also considered a prestigious master degree. The career scope for MBA is always numerous.

Career Path After Completing MBA in Various Field

MBA in Marketing:

1. Marketing Manager
2. Brand Manager
3. Asset Manager
4. Media Planner
5. Corporate Sales
6. Product Manager
7. Media manager
8. Head of Digital Marketing
9. Media strategist
10. Online marketing
11. Retailing Management

MBA in Production Management:

1. Supply Chain Manager
2. Quality Manager
3. Plant Manager
4. Distribution Manager
5. Purchasing Manager
6. Schedule Manager
7. Inventory Manager
8. Production Manager
9. Operation Manager

MBA in Economics:

1. Risk Manager
2. Bank Manager
3. Director of Finance
4. Stock Broker
5. Insurance Underwriter
6. Economic Consultant
7. Financial Analyst

MBA in Global Management:

1. Global Management Consultant
2. Multinational Marketing Manager
3. International Trade Policy Advisor
4. Global Supply Chain Manager
5. Government Agencies
6. Institutions
7. Investment Firms

MBA in Accounting:

1. Management Analyst
2. Financial Manager
3. Business Consultant
4. Chief Operating Officer
5. Business Development Manager
6. Chief Executive Officer
7. Revenue Manager
8. Chief Financial Officer
9. Technical Account Manager

What are the Different Modes of MBA?

There are four modes to study MBA.

1. Full-Time MBA
2. Part-Time MBA
3. Distance MBA
4. Online MBA

Full-Time Mode

Students who have good time management usually prefer a full-time MBA. Most of the prestigious colleges are enjoying the growth of full-time MBA. Students can complete their course within two years, and they need not spare more time on it.

Here, the advancement takes place very quickly. The cruel part of this mode is the amount of money one has to pay. On the other hand, a full-time MBA offers plenty of scholarships. This mode of study is very intensive.

Students can pay their complete focus in a full-time MBA. Here, students get to be around their peers; this gives them a real-world experience.

Part-Time Mode

Working professionals and homemakers mainly choose Part-Time MBA. Today numerous colleges are offering this mode of MBA. The fees required for a Part-Time MBA are less compared to a Full-Time MBA.
Part-Time MBA lends a flexible class schedule. This mode can be time-consuming. A student can take 2 to 5 years to complete his/her MBA. The longer it takes to complete, the more stamina one loses in it.

Online Mode

Every day, we are meeting an advancement in education. The more advanced it gets, the easier it stands. Online MBA is a recent development in the field of MBA. When the whole world paused during the Corona pandemic, students continued to study MBA online.
The significant difference in online MBA is that lectures are entirely online. Students can store notes in pen drives, software copies, and record lectures. But students will not gain real classroom experience.
They will lack classroom interaction and understandings. Like a Part-Time, an Online also has fewer tuition fees.

Distance Mode

In this mode of the program, a student need not attend the regular classes. He/she must be present only during the exam days. Students will receive academic copies.
One of the major drawbacks of a distance MBA program is most companies will not hire the graduate. It is because the student will lack classroom interaction, internships, and real-world experience. Moreover, self-study will not be as efficient as classroom teaching.

What are the Benefits of an MBA?

1. Vast Awareness in Global Marketing.
2. Upgrading Communication Skills.
3. Enlarging Professional Connectivity
4. Finer Time Management
5. Expanding Self Confidence
6. Creditability
7. Critical Thinking
8. Border Perspective
9. Revolutionary and Flexible Management Skills

The Future of MBA in Africa

In the 1980s, business administration had an eminent market and focus in the Europe. But time and efforts changed as these global markets. Today, investors are mainly focusing on Africa. It will create an industrial revolution in Africa in the coming days.
The rich diversity in language, culture, and religion makes business in Africa complex and fascinating. At the same time, European business is falling backward. This change in balance will attract investors to Africa. Thus, now Africa is slowly heading towards building the best B-schools for students.

Career After an MBA in Africa

Worldwide job opportunities are rapidly increasing. This is not only the situation in the USA and other European countries; Africa takes a large part in it. Now the demand for B-schools and opportunities in Africa are expanding.

MBA Jobs in Africa:[KR1] 

1. Executive Assistant Logistics and Transport Manager
2. Supply Chain Manager
3. Pharmaceutical Plant Manager
4. Sales Manager
5. Executive Assistant
6. Business Development Manager
7. HR Manager
8. Trainer Manager and Operational Manager

Two Essential Qualities for MBA Applications

Good Leadership Record

Most of the B-schools expect the students to have good leadership sense even before entering into business management.

Showcasing Vibrant Communication Skills

Business knowledge can be easily grasped from this course. But recruiters hire only candidates with higher communication skills. Only with good command over a language can a person succeed in the world of business.

Become a world-leading business professional

Register for Texila’s Master of Business Administration program and enhance your career.