Logo

Blogs

How to select the right Business School?

A Business School will help you become the Business Leader you have always wanted to be. However, the question is not what School you should go to, but which one will be the best fit for you. There are different Institutes that offer different courses and specializations. You can narrow that down to fit your criteria, but that still might leave you with hundreds of options to sort through. Therefore, you need to consider your own goals, skills, and career interests before selecting the right Educational Institute for you!

Here are some criteria you should look at:

1) Areas of Specialization

Choosing the right Business School is a critical decision for aspiring MBA students. There are many factors to consider during the selection process, but one of the most important factors is the range of programs and specializations offered. Most Institutes offer a variety of MBA programs, each with a different focus. For example, some Schools may offer an MBA in Finance, while others may offer an MBA in Marketing or Management. It’s important to research the specializations to check if they align with your goals and interests. The MBA specialization you choose will have a big impact on your career trajectory, so search for some great Business Schools in Mumbai that will offer various programs and specializations to choose from.

2) Staff and Faculty

An experienced faculty will always inspire you to lead you on the way to success. Be sure to research the credentials of the Professors and see what kind of experience they have in the field. Also, check to see if the staff is knowledgeable and helpful. They should be able to answer any questions you have about the school or the program and help you with networking. Selecting a Business School is a big decision, and a great faculty can make all the difference. Take the time to research about the staff and faculty of the top B Schools in Mumbai and make the right decision for your future!

3) Talk to the current students

Before enrolling in an Institute, it is important to check the current students at that Institute. This will give you a good idea of the school’s environment and whether it is the right fit for you. There are a few things to look for when checking the current students at a Business School. First, look at the diversity of the student body. It is important to attend a School that has students from different backgrounds. This will help you to learn from your classmates and expand your network. Second, look at the student’s LinkedIn profiles. This will give you an idea of their career aspirations and whether they are actively pursuing their goals. Finally, look at the  job placement record. This will give you an idea of the school’s success in helping students find relevant jobs after graduation. By connecting with the current students at the top B Schools in Mumbai, you can get a good sense of the Institute!

4) Location and cost

The location of the Business School is an important factor to look at. If you want to stay close to home, then select a School in a convenient location. If you are willing to relocate, consider the cost of living in the area and the job market in the region. Another important factor to consider is the tuition fees of the schools you are considering. Check the yearly fees and other miscellaneous expenses and compare the final amount with your budget. There are some reputed Business Schools in Mumbai that offer scholarships and other resources to help prospective students! Do keep an eye on them as well.

5) Placement opportunities

Before selecting the right Business School, it is important to review the placement opportunities of the school. The placements may vary depending on the location, size, and type of School. For example, a small School may have fewer placement opportunities than a renowned Institute. And a School that specializes in a particular type of Business may have more placement opportunities in that area than a School that does not specialize in that area. Thus, it is important to understand the placement opportunities of the school before deciding. You can visit their website and go through the placement details!

Choosing the right Business School is no easy task. Keep in mind the parameters mentioned above to easily get into your dream School. Don’t forget to check out some great Business Schools in Mumbai and make the best decision for your life!

Why you Should take up a PGDM in Human Resources

Whether you are a fresher or an experienced professional, a PGDM in HR can give your career the push it deserves. In the last decade, Human Resource Management has evolved into a fast-growing profession, and it has now become a sought-after specialization. Before we explore the importance of a PGDM in HR and what the best colleges for Human Resource Management in Mumbai offer, let us understand what a PGDM in HR is!

What is a PGDM in HR?

The PGDM-HR (Post Graduate Diploma in Human Resource Management) course is ideal for students who like to work with people and enjoy identifying skilled talent. Many students choose this course because it’s one of the most popular among fans of teamwork and collaboration.

The goal of a PGDM in HR is to help students manage an organization’s human capital effectively and resourcefully. One of the basic responsibilities of an HR department is to employ the best available talent by seeking out applicants and evaluating them for their competency, reliability, and suitability for a given job opening. And since no system is perfect, there’s also an important responsibility for HR professionals to comprehend the laws governing HR practices within a particular country as well as keep track of any official changes or updates concerning these laws. Additionally, they serve as a vital connecting point between employees and higher Management because someone needs to make sure everyone is clear on what their role is and how they’re expected to fulfil it for the processes to run smoothly.

Why Should You Consider a PGDM in Human Resources?

If you’re considering a Postgraduate Degree in Human Resources but still aren’t sure if it’s the right choice for you, here are a few reasons why it might be just what you need to kick-start your career:

1) The Significance of HR

Human Resources department is one of the most important departments of any Company. It ensures that each employee has an acceptable work environment, but can also ensure that employees are given the best working conditions possible to increase productivity after employing people with the required interests and skills.

2) The Horizon of Scope

The Human Resources department is a vital part of almost any Business. After all, there are certain legal stipulations required when it comes to managing employees for companies of a certain size. As a result, the field of Human Resources will always be in high demand in almost any industry or field. The fundamental tasks that you’ll need to carry out as an HR expert will vary depending on the specific needs and size of the Company at hand.

3) The Scope of Growth

You can advance your Human Resources profession in any number of ways, whether it be in recruitment, operations, or communication. Handling the workforce of a Company can be very challenging while dealing with difference of opinions, backgrounds and cultures. By applying the right Management strategies and skills, you can look forward to a rewarding career journey ahead.

4) Monetarily Rewarding

While HR professionals start off on the low end of the pay scale, they can always work their way up to a higher position after gaining experience. HR positions can offer a variety of benefits, though usually along the lines of flexibility or healthcare plans, the more senior HR professionals will be able to negotiate bonuses and increased salaries.

Apart from the reasons stated above, a PGDM in HR also keeps your future-ready and prepares you for the dynamic changes that the Business world expects.

A PGDM in Human Resources is a great way to start your career. With a good PGDM in Human Resources, you will be able to enter the job market with a lot of knowledge and practical experience. You will be able to start your career with several valuable skills and you will be able to contribute immensely to the growth of your Company. It will also help you stay ahead of the game with all of the changes in the job market that are expected in the future. A PGDM in Human Resources will help you contribute to a Company’s success in the long run while you define your own career path.

Why Pursue PGDM In Marketing for Career Growth?

Are you looking forward to enhancing your career prospects? It’s one of the most common reasons why people dream of pursuing a PGDM in Marketing. PGDM courses are one of the best ways to develop the skills required to join the Management stream or the corporate world as these courses are always in demand. Let’s look at a comprehensive list of some of the reasons why you should pursue a PGDM in Marketing to grow your career:

1)Prepares you for a competitive work environment
Marketing is a major interface function for modern Business environments. It enables efficient delivery of the organization’s offerings by aligning its products with existing market needs and potential customer expectations. After successful completion of the PGDM In Marketing course, a marketing executive or manager will have the capabilities to skillfully assess the existing market and its potential, along with its strengths and weaknesses, competitors, and trends. Moreover, they can effectively make managerial decisions that enable dynamic Business practices that are in line with their Company’s long-term objectives and goals.
2)Makes you versatile
The PGDM in Marketing program is highly beneficial to companies, as the marketers working for them can use their training to create brand Management strategies and run the Company’s marketing department. Since this course is incredibly relevant for entrepreneurs looking to start their Businesses, it challenges them to think bigger and better to reinforce and optimize their business operations.

Marketing is a skill that requires dedication, focus and innovation. There’s no denying that marketing is a challenging yet exciting field to be in. Just like any other skilled craft – from mechanics to auto repair or beauty specialists – there are tens of thousands of promising opportunities for you to explore, all with different benefits at each university and Business School.
3)Endless opportunities
When you get a PGDM degree in Marketing Management, you’ll be presented with various career options. As a graduate of PGDM in marketing courses, you’ll have the freedom to choose from different job roles. Most graduates of this specialization find themselves employed in areas such as Academic Institutions, Publishing Companies, Manufacturing and Retail Companies, Finance and Insurance Companies, Advertising Companies and Marketing Firms that are looking for experienced analysts and prospective managers with prior Business knowledge.

A PGDM in Marketing Management is a great option for you to pursue if you are looking to grow your career in the marketing field. With this degree, you will be able to unlock a variety of career opportunities in the marketing industry. This course will prepare you for a career in which you will be able to apply your marketing skills to improve your organization’s competitiveness in a cluttered market!

MBA vs PGDM in Niranjanlal Dalmia Educational Society

Introduction

Niranjanlal Dalmia Educational Society successfully operates three educational institutes that are the centers of learning. Since 1991, N. L. Dalmia High School has provided quality education and better opportunities to children for their grand visions in life. The Niranjanlal Dalmia College of Arts, Commerce and Science is a well respected institution of higher learning. Niranjanlal Dalmia Institute of Management Studies and Research, established in 1995, continues the legacy of providing top-quality education to students looking for a prosperous career.

The Niranjanlal Dalmia Institute of Management Studies and Research College, Mumbai, is a well-reputed and praised management institute. The PGDM program offered by the institute has numerous students enrolled from across the nation.

 

What is MBA – How it helps students and specializations involved

MBA or Master of Business Administration is a 2-year program focused on developing the skills needed for opportunities in business and management. It is one of the popular management degrees, both nationally and internationally. MBA courses impart fundamental management knowledge to the students. This management degree gives a broad perspective of the practical scenario of a business and helps in developing leadership skills. It offers students the opportunity to specialize in areas they want to grow. MBA specializations in finance, entrepreneurship, marketing, business strategy, business marketing, etc.

 

What is PGDM – How it helps students and specializations involved

PGDM, or we can say, Post Graduate Diploma in Management, focuses on training students about business techniques. It is a 2-year course, which furnishes students with knowledge of essential management to industrial skills. It helps in developing practical industrial knowledge of management which is more market-oriented. Case studies and seminars are an integral part of the course to get a good view of the industry. In addition, there are many specializations for PGDM, including marketing, finance, HR, business analytics, supply chain management, etc.

 

Difference between MBA vs. PGDM

After completing graduation, many students face choosing between an MBA and PGDM. The main reason for their confusion is not having accurate information about both courses, their differences, scopes, and their vision about the career. So, let’s take a short tour of the key differences between both classes so that the students make their decisions wisely.

  • MBA is a degree-oriented program; on the other hand, PGDM is a diploma course.
  • The curriculum of MBA gets its approval from the university. It contains mostly theory and is almost the same in every other institute affiliated with the same university. In contrast, PGDM is an industry-oriented program, which means that it focuses on developing soft skills and the skills needed in the industry along with the .
  • The MBA is accredited by the UGC, whereas AICTE accredits PGDM.
  • If we talk about fee structure, the fee of MBA programs is relatively lower than the PGDM program. The PGDM fees lie on the costlier side, more like an investment.

The main difference between MBA and PGDM is the learning approach. Both programs are oriented towards different goals.

 

Why study PGDM from N. L. Dalmia Institute of Management Studies and Research

Niranjanlal Dalmia Institute of Management Studies and Research has maintained its legacy for more than 25 years. The PGDM program from Niranjanlal Dalmia Institute of Management Studies and Research is one of the country’s best programs. Also, the previous students have verified numerous times how delightful the experiences they had while studying in the institute. The comprehensive curriculum simplifies students’ learning so that they get ample time for each topic. They also learn industry-relevant skills simultaneously.

The faculty in the institute are well versed in their teaching. They create a learning environment for all the students, encouraging everyone to improve their hold on the subject. Before enrolling any professor for a course, the institute takes the proper assessment and trains them to provide the best to the students. On top of that, the institute also organizes many value-added programs, seminars, and certifications to enrich the student’s knowledge. Finally, the institute invites industry professionals for guest lectures, workshops, and projects. This allows students of the PGDM program to network with them and learn from the best. In addition, the students get corporate understanding, good exposure and it helps them in future. This overall development allows students to get good placement. All the students of PGDM batch 2020-2022 secured 100% placement successfully, despite the global pandemic.

 

Conclusion

Whether MBA or PGDM, it is essential to choose the right program for yourself. Every right step toward a career can help students achieve their goals. If you want to study business well, approaching an MBA degree is wise. But, if you need to gain industry knowledge, then opting for PGDM will be fine. According to the specialization, students can land a job as an HR manager, marketing manager, investment banker, financial advisor, project manager, data scientist, and consultant. Of course, one should choose wisely according to the job they want.

Content Sources :- N. L. Dalmia

Are you a Future HR Leader? Here are 10 tips that can help you to create a positive workplace culture!

World renowned management guru Peter Drucker once said, “Culture eats Strategy for Breakfast”. What he implied is that no matter how good the company’s strategy is, if the culture doesn’t match up, it would be difficult for the company to be successful in the long run. 

What is work culture? 

The key guiding principles for a company to operate efficiently is its vision and mission. A ‘vision’ statement talks about ‘who we are’ as a company and a ‘mission’ statement elicits what the company does to grow sustainably. You might also have seen ‘values’ that a company abides by. The values, beliefs, attitudes and a prescribed way in which a company would operate defines its culture. 

Why is ‘culture’ so critical? Workplace culture influences the type of people who wish to join the company. In order to attract the best candidates into the company, the culture must be conducive for such candidates. Only if such talent comes into the company can it grow as desired and achieve its mission and vision. So, culture is at the focal point of the very existence of the company. 

What’s the role of a future HR leader?

As a future HR leader, you may want to focus on shaping the culture of the company. With the help of the company’s board, CEO, and department heads, you can play a key role in formulating, implementing, and ensuring adherence to a key set of values that eventually shape the culture of the company. 

Can work culture guide employees?

As an employee, you might come from various backgrounds. You may be a fresher or you may have worked in a few companies before joining the current one. Either way, there will be a certain degree of adaptation that you might have to do to acclimatize yourself to the working of the company. By having a clearly defined set of values and ethos, companies can guide their employees on how they must behave, what is expected of them, what kind of values are appreciated and what is not. A work culture is a visible rulebook in action that can help employees to understand what is expected of them not only at their work but also in their conduct while interacting with the customers, peers, vendors, investors, and other stakeholders in the company. 

Why is Work Culture Important?

A great work culture can create excellent employee experience. Employees who are valued, have role clarity, and get a sense of job satisfaction contribute more to the growth of the company.  On the contrary, practices such as workplace politics, favouritism, etc. can drive away great talent. It becomes a double whammy eventually as a bad work culture makes it difficult to attract great talent into the organization. With talent draining out, it is impossible for a company to grow and prosper.

In a survey of job seekers held in 2022, around 23 percent of the respondents said that ‘company culture and values’ are the most critical aspects that they consider before taking up an offer from a company.   

The impact of Culture stretches well beyond the company

Your customers, the current and the potential can rethink the relationship with the company based on the culture. They may make enquiries with current and former employees to understand how the company operates within. It could also form a question in request for proposal (RFP) documents. It’s an integral part of the customer’s decision to work with your company. Hence, culture is highly co-related to the sales growth and bottom-line that your company plans to achieve in the future. 

Key elements of Workplace Culture that HR Leaders must keenly watch and improve

While there are various elements that contribute to a great workplace culture, it is important to narrow down to a few critical ones. An HR leader may be mandated as an owner of a workplace culture but he needs extensive support from senior leaders in the company and their teams to ensure that an employee-friendly and positive workplace culture is created. 

An HR leader must enlist all important aspects of a workplace culture, mark areas of overlap and identify a set of elements that are critical to a great workplace culture. 

Here’s a set of 10 elements that can enable you to create and enhance the workplace culture in your company. 

1. Clarity of Roles and Goals: 

The management team and HR must put in the extra effort to ensure that the employees have clarity of roles, output desired, and key performance indicators. While this is easier said than done, it is important to institutionalize this from a company’s perspective. Once the clarity on roles, and its co-relation with company’s goals and objectives is established, an employee understands how he is contributing to the larger picture and it enables him to quantify and attain a certain level of job satisfaction. The company can also fairly gauge how well an employee performs if such clarity is established from the very beginning. This helps in creating a fair reward and recognition policy and every employee feels valued in such a setup. 

2. Workplace culture must promote inclusivity and diversity: 

A workplace must welcome talent. The selection criteria should be merit and fitment with respect to the role. An HR leader must strive to keep any other biases such as gender, caste, creed, religion, nationality, orientation, etc. out of the hiring process. It would be wise for HR leaders to consider creating a crack team comprising members from all teams to work on the diversity mandate. Companies, today, are working on a diversity ratio to ensure that the mix of employees is not skewed towards male employees. The crack team working on diversity must formulate and implement positive diversity best practices to create a workplace culture that is truly inclusive. 

3. Create a conducive environment at the workplace: 

An HR leader must strive to create a conducive environment at work. People should not be afraid of expressing their opinion. They must feel a sense of security and recognition of their contribution so that they can willingly collaborate towards the growth of the company. Work pressure and deadlines can be intense at times hence a culture where employees are engaged with fun activities so as to create a fun place to work is extremely critical. No employee wants to work for 9-10 hours in a serious place hence HR leaders must pay keen attention to making the workplace an enjoyable experience. 

4. Create a culture where views are valued: 

A workplace should not co-relate experience or seniority with intelligence. Great ideas don’t necessarily come from experience or seniority. From interns to new employees, everyone could bring in fresh ideas and perspectives and it is important to give such ideas their due attention and credit. If people are valued and recognised for their ideas, they won’t shy away from thinking about the company’s operational efficiency and growth. It can subtly, but surely, help to catapult the productivity and growth of the company. An HR leader must ensure that the workplace culture encourages ideas, perspectives, and well-researched opinion and makes all employees, irrespective of their experience or time spent at the company, feel valued for their ideas and efforts. 

5.Establish a strict code of conduct and zero tolerance policy:

It is important to create a great and employee-friendly culture. It is also important to create guardrails within which employees must conduct themselves. An HR leader must ensure that employees can speak freely about their problems and they have access to HR team members for any support or assistance that they may need. There should be clear policies with respect to sexual harassment, code of conduct etc. and HR team members should be available for employees to share their grievances over a personal conversation. It is also important to create a secure and private way wherein employees can talk about grievances, especially in areas such as sexual harassment, while being assured that the conversations would be private and confidential. 

6. Create a fair employee reward and recognition program: 

While remuneration is a key factor in enabling employees to join and stay in a company, it may not be the only reason to retain them. If an employee is not recognized for his efforts, he may feel the need to switch to another company. Talent managers are constantly on the look-out for such employees who can jump ship and take up another assignment with a different company. Hence, a periodic (monthly/quarterly/yearly) reward and recognition program should be one of the top tasks on a HR leader’s agenda. It is not only about announcing the awards though. The way it is given out to the employees also matters. It is advisable to conduct an event where such employees are felicitated on stage with their managers and the senior leadership team of the company being present. Such an initiative can significantly boost the morale of employees and enhance employee retention. 

7.Create a mechanism to capture and utilize employee feedback:

Employees are at the fore-front of everything that an organization does. This includes interacting with customers on a daily basis, interacting with current and prospective employees, pitching the business to new customers, managing new processes, handling customer’s grievances, managing vendors, bankers, suppliers, investors and so on. There’s hardly a facet of business which is not front-ended by a company’s employee. Hence, their feedback is important. If captured and utilized well, it can become a panacea to the company’s challenges, and can provide great ideas for augmenting organizational growth. An HR Leader must try to institutionalize the capturing and utilization of employee feedback. He must leverage the best-of-breed technologies and digital tools to implement this and enable the company to attain the next level of growth. 

8.Empower employees with Flexibility

Every employee is at a different stage in their personal lives. Some are single, some are newly married, some are parents to infants and toddlers, some have teenaged children and so on. A company must create policies that enable good employees to circumvent challenges in personal lives and still give their best at work. For example: During COVID-19, if the job required you to work from office, the company could still offer flexible timings to employees with toddlers etc. so that they could manage the professional as well as personal front seamlessly. They could also think of a creche at work so that employees can bring in their toddlers and take care of them while also giving their best at work. An HR leader must be astute enough to ensure that the company’s policy allows a certain degree of flexibility but not at the cost of employee’s productivity. It is an important aspect and the HR leader must draft such policies only after careful consideration and evaluation of its benefits and possibilities of misuse. 

9.Promote Transparency and Open Communication:

An HR leader must create policies that ensure that the requisite transparency with employees is always maintained. Employees must feel engaged and valued at all times. It is important to have open communication and transparency between department heads, management, and team members. This will create a positive work culture and leave no room for misunderstanding, disheartened employees, and lack of productivity. 

10.Planning of Offsites and Social Outings:  

An HR head must ensure that the organization must bond outside of work at a team level, leadership level, and company level. He must create a policy and enable allocation of required budgets to ensure that teams can bond in a social setting. Team games, treks, picnics, etc. can not only bring the teams closer together but also enables them to know each other better. The benefits of such offsites and outings can help the team to not only rejuvenate and recharge themselves but also collaborate better as a team. Hence, it is an important investment and the return on such investments is invaluable. 

If you are gearing up to be an HR leader, the above elements might be helpful. However, companies are very dynamic and evolve as per the macro and micro-economic conditions and business environment. Hence, an HR leader must also keep evolving the workplace culture to ensure that it is most ideally suited to the growth trajectory, mission, and vision of the company. Such HR leaders can retain very happy employees in a positive and growth-oriented workplace and make a priceless contribution to growth and value creation for the company.

Clear CET and CMAT to get through placement-special N. L. Dalmia

N. L. Dalmia Institute of Management Studies and Research – A brief

Let’s look at a brief history of the institute before knowing how to get an admission.

Situated in Mumbai, Maharashtra N.L. Dalmia Institute of Management Studies and Research (NLDIMSR), a business school in Mumbai, was established under the N.L. Educational Society’s auspices.

N.L. Dalmia Institute of Management Studies and Research was founded in 1995 and began its education program in July 1997, providing the Master’s in Management Studies (MMS) – a two-year full-time course affiliated with the University of Mumbai. It also provided the Post Graduate Diploma in Business Management(PGDM), a three-year part-time study authorized by AICTE and available in full-time and part-time presentations. Currently, the institute only provides the PGDM 2-year full time program. So, to get admission to this B-school in Mumbai, you have to clear CET or CMAT exam.

What are CET and CMAT?

The most basic requirement for admission to Business schools in India is to pass the entrance exams. CAT, NMAT, XAT, CMAT, and GMAT are some of the exams available. Clearing one of these qualifying examinations is required for aspirants to gain admission to an AICTE-approved B school. So if you want to take admission to this leading B-school such as N.L. Dalmia Institute of Management Studies and Research, in Mumbai, Maharashtra, you have to clear the MH-CET conducted by DTE(Directorate of Technical Education). This exam is held in February/March once a year.

CMAT (Common Management Admission Test) is an entrance test conducted by AICTE (All India Council for Technical Education) and is a national level test. By clearing it, you can get admission to any one of 400+ colleges.

Eligibility for CET and CMAT:

For CET, the aspirant must have qualified in the 12th examination and no age limit.

For CMAT, the aspirant must have completed their graduation or final year of graduation. There is no age limit of CMAT; the candidate should be an Indian.

CMAT vs. CET:

  • The CMAT exam has negative markings, so aspirants must be careful and balance their accuracy. On the other hand, CET does not have any negative marking.
  • AICTE conducts CMAT while DTE conducts CET.
  • In CET, visual reasoning questions are being asked, but not in the CMAT exam.

How to prepare for the CET and CMAT exam?

The ability to answer questions quickly is essential for success on this exam. Prepare a proper study schedule daily. The student must thoroughly analyze the previous year’s question papers and practice the questions and concepts. Aspirants taking this exam must complete 200 questions in the allotted time of 150 minutes.

  • CMAT – CMAT, like other exams, doesn’t even have a set syllabus. Yet, some common topics appear in CMAT papers year after year, which you can find in the past year papers of MBA entrance exams. So, to prepare for it, you should thoroughly read the following sections, i.e., Quantitative Techniques, Data Interpretation, Logical Reasoning, Language Comprehension, and General Awareness. These are the portions from which questions in previous years’ exams were drawn. Finally, make sure you’ve gone over all of the subjects that are supposed to appear in CMAT 2020 and that you’re familiar with the CMAT syllabus to prevent last-minute surprises.
  • For CET – The topics covered in the Maharashtra CET include Logical Reasoning, Abstract Reasoning, Quantitative Aptitude, Verbal Ability, and Reading Comprehension. From the logical section, 75 marks of question will be there, while from the abstract selection, expect 25 marks. In addition, from the quantitative and verbal sections, you will get questions of 50 marks each. For Quantitative Aptitude, follow NCERT math (class 9 and 10) and Wren and Martin for English Grammar; MAH CET MBA candidates must consult books for MAH CET MBA preparation. Finally, try to complete one mock test per day to gauge your progress in terms of revision.
  • Evaluate your performance after completing each mock test. Take extra care of weak areas and, if necessary, revise your MH CET preparation strategy.
  • Start taking mock tests as seriously as you would the MH CET exam. Set a timer for each section. Examine how long it takes you to complete each section and how you can cut down on time.

Conclusion:

You should be careful and read mindfully to crack the following exams to get admitted in N.L. Dalmia Institute of Management Studies and Research. Without proper preparation, it is difficult for you to crack the CET and CMAT exam in one chance and get admission into N.L. Dalmia Institute of Management Studies and Research Business school in Mumbai. So you should look at the previous years’ question papers well and prepare yourself thoroughly.

 

Content Source:- N.L. Dalmia

New possibilities of MBA aspirant

These days many students are going for MBA after graduation. Students consider MBA as their dream maker. They want to pursue MBA because they understand it as a path of:-

  1. Getting a jump in salary
  2. Getting a promotion
  3. A better work profile
  4. Enhancing knowledge
  5. A broad network
  6. Starting and growing their own business

An MBA aspirant’s all future possibilities depend on his specialization. An aspirant can pursue MBA/ PGDM, Executive MBA/ PGDM, Distance MBA, Online MBA, Part-Time MBA, etc. An aspirant can consider any specialization among the following to pursue:-

  • Human Resources (HR)
  • Finance
  • Sales and Marketing
  • IT and Systems
  • International Business
  • Healthcare and Hospital
  • Business Analytics
  • Entrepreneurship
  • Operations

Every specialization has its unique opportunity so an aspirant should know all the possibilities provided after completion of MBA

 

Job Possibilities after MBA in Human resources (HR):-

An HR professional plays a crucial role in organizational structure. It has a tough responsibility to motivate and train employees. An aspirant can go with this and achieve his/her future goal as an HR executive at a firm. He can be an HR generalist or HR specialist. These both have a very important task of:-

  1. Recruitment
  2. Training and Development
  3. Employee Benefits
  4. Coordination with Employees
  5. Payroll Management
  6. Managing Competition

 

Job possibilities after MBA in Finance:-

Finance is also one of the best sectors for MBA aspirants. They can work in different fields like insurance, investment management, taxation, tax planning, etc. Main job opportunities in finance are:-

  1. Financial Manager/Analyst
  2. Credit Analyst
  3. Accounting Manager
  4. Risk and Insurance Manager
  5. Treasurer
  6. Finance Manager
  7. Cash Manager

 

Job Possibilities in sales and marketing:-

This field is the most sounding field in MBA. It has a broad area as well as a network. MBA in Sales and Marketing is always in demand. If an MBA aspirant is thinking of finance as his future career he is on the right path. This field provides job opportunities in retail marketing, banking, hospitality, and many others. Main job profiles in sales and marketing are:-

  1. Brand Manager
  2. Marketing Manager
  3. Market Research Analyst
  4. Sales Manager
  5. Product Manager
  6. Media Planner
  7. Internet Marketing Manager

 

Job Possibilities in IT and systems:-

If an MBA aspirant wants a job with a good pay package, he can pursue his MBA in IT and systems. IT and systems aspirants have the following job opportunities:-

  1. Project Manager
  2. Business Development Executive/ Manager
  3. Product Manager
  4. Marketing Manager
  5. Analytics Manager
  6. System Manager
  7. Data Processing Manager
  8. Business Analyst
  9. IT Manager/Consultant
  10. Information Systems Managers
  11. Systems Analysts

 

Job Possibilities in International business:-

An MBA aspirant who has a dream of a job around the world must pursue MBA in International business.  It provides depth information about export and import, international customs law, market competition running around the world, etc. Important job opportunities after this are:-

  1. Marketing Analyst
  2. Administrative Service Manager
  3. International Business Development Manager
  4. Government Affairs Director
  5. Export Manager
  6. International Finance Manager
  7. Export Coordinator

 

Job Possibilities in Healthcare and Hospital:-

It is the best opportunity for those aspirants who want to play a vital management role. This course teaches ethics, day-to-day operations,decision-making policies, and to perform administration tasks. A Healthcare Management student can get his dream job like:-

  1. Hospital CEO
  2. Hospital CFO
  3. Hospital Administrator
  4. Pharmaceutical Product Manager
  5. Healthcare IT Consultant

 

Job Possibilities in Business analytics:-

Business analytics is a new growing field of MBA these days. So it is creating many new job opportunities. It is the field of analysis. It has the following job possibilities:-

  1. Financial Analyst
  2. Supply Chain Analyst
  3. Management Consultant
  4. Predictive Modeller
  5. Business Systems Analyst

 

Possibilities in Entrepreneurship:-

If you have decided to create your path of success, a student can start your own business after MBA. You learn business ethics, networking, leadership skills, and management. On the other, it also teaches accounting, marketing, and licensing. After finishing the course a student can be:-

  1. Small Business Owner
  2. Corporate Supervisor
  3. Sales Manager
  4. Fundraiser and Development Officer
  5. Business Consultant

 

Job opportunities after MBA in Operations:-

For an MBA aspirant, this is a very popular field. On the other hand, this is also a very competitive area. It has jobs in all industries like IT, e-commerce, manufacturing, and telecom. Students can get job written below after MBA in operations:-

  1. Supply Chain Manager
  2. Logistics Manager
  3. Inventory Control Manager
  4. Project Managers
  5. Operations Manager

 

Conclusion: – After MBA in a specific field will not only boost up the career of a student but also this degree opens many doors of different opportunities.

MBA or EMBA Which one’s right for you

MBA/PGDM or EMBA: Which one’s right for you?

All those candidates who are Aspiring to pursue any management course in Mumbai then have a lot of options to choose from. There are various MBA institutes in Mumbai to select. Although there are several opportunities for management graduates still there is confusion among candidates about which management course is right for them. However, it has also been noted that all the management courses are different in terminology, so they offer other course structures according to a diverse syllabus pattern. 

Among different business schools in Mumbai, the two most popular MBA programs include post-graduation diploma in management and executive MBA program. If you are confused between these two programs that which one to choose, you must know the difference between these two courses. 

 

What is PGDM?

Post-graduation diploma in management, which is popularly known as PGDM, is a management program having a course schedule of 2 years where students are taught different practical leadership skills so that they will be designated as senior managerial level post other organization and corporate. After pursuing this management program, the student will learn various leadership skills and administrative and executive skills as this program is known for imparting practical management knowledge to the students. 

In the first year, students need to learn management basics, and all the subjects are identical. Still, in the second year, the students are given an option to choose their respective field in which they want to get specialization to get in-depth knowledge of a particular subject within a year. Therefore, PGDM is the best option for those students who wish to learn practical heels and are very eager to hold a manager-level position incorporates and who want to learn business skills and explore new opportunities. 

 

What is an executive MBA?

Executive MBA, popularly known as executive masters of Business Administration, is a program specifically designed for working professionals. It is a one-year management course offered by various business schools of Mumbai that attract working professionals from different industries, including the public sector, private organization, medium-sized companies, and family businesses. 

EMBA or Executive MBA is designed for individuals who want to gain more knowledge about leadership skills and want to hold the upper-level position in their existing organization or want to be placed in a top management organization. All the people who scope for executive MBA must have the working experience to pursue this course. Almost every business school that office an executive MBA has the criteria to give admission to those individuals who only have a solid working background or have the sound working experience to pursue EMBA. 

 

Admission criteria

Admission criteria for PGDM and executive MBA are different. If the candidate wants to pursue a PGDM course, he will get admission to top business schools based on his sport in various competitive entrance exams carried out across the country. On the other hand, for pursuing an executive MBA, you don’t need to find any competitive exam, but you should have substantial working experience along with good soft skills to pursue this course. This means that a candidate does not need to have any working experience for pursuing PGDM, but to carry out an executive MBA course, the aspirant must have at least 2 years of working experience. 

 

Which one is better?

PGDM and executive MBA courses have their advantages, so you will select which path to choose depending on your need. The courses PGDM and executive MBA are designed for those candidates who want to gain practical knowledge in the management field. PGDM is a program pursued by both working professionals and graduates having no experience, but to pursue an executive MBA, it is mandatory to have 2 years of working experience. There are various businesses in Mumbai that are offering both programs. 

Among all the schools, NL Dalmia Institute of Management offers management courses to candidates across the country, and you can choose your desired course in MBA provided by them. Depending upon your needs and requirements, you can select your desired force as both forces are known for providing practical skills to the candidates. After pursuing this course, you will be able to get in-depth knowledge about leadership skills and other managerial skills. 

MBA marketing degree voice of business

MBA marketing degree voice of business 

In recent years master of Business Administration degree is gaining a massive advantage as all the organizations require professionals with having a solid base of management to hold desired positions. Among various specializations, an MBA in marketing is said to be one of the most fashionable specializations demanded by multiple organizations, as marketing is the course area of business that helps any organization flourish. In this paper and rolling yourself in an MBA program from Business School in MBA is one of the most convenient ways to advance yourself in the career of Management and Secure long-term returns from it. 

 

MBA in Marketing helps to provide a competitive edge

If you hold only a graduate degree, it would be difficult for you to hold the desired position in Big organization dreamt of. if you want to earn advancement in your career to work hard for that. Different young professionals complete a lot to get promoted and position themselves as the best candidate. For that, they need to require additional education in management degree. With an MBA in marketing degree, you will differentiate yourself from the crowd by creating a great understanding of your marketing skills. 

 

Achieve higher compensation

According to various research, it has been finding out that all those people having an MBA degree in marketing a likely to earn 50% higher starting earnings than usual and also continue to earn about 80% more than their peers if they position in a higher position at the organization. This research suggests that if you hold an MBA degree in marketing from one of the prestigious institutes in Mumbai, NL Dalmia Institute of Management you will be able to secure a higher position and achieve higher compensation with your degree. 

 

Higher job satisfaction

After completing your MBA in marketing, when you are placed in any organization and see how your efforts contribute to the betterment of business, you will be satisfied with your job. It is seen that marketing professionals advance in their areas and often aspire to influence a lot at work, so they are always keen to see how their efforts and contribution provides advantage and profit to the organization by increasing its overall revenue as it is also a source of motivation to them to work in a better way. Hence after pursuing an MBA in marketing specialization, you will achieve greater job satisfaction at work. 

 

More employment options

With an MBA degree in marketing, you have a lot of opportunities to get employed in different organizations ranging from Healthcare organizations, Financial Services, Hospitality Services, and many more. It was also so that marketing professionals work on ethical standards. They would also don’t mind accepting a lower salary for the business that incorporates social responsibility into their business model. They do so because most marketing professionals work on ethical standards, and with their efforts, they want to contribute to society. This is the reason because of the dedicated services they have more employment options to work in different organizations. 

 

Stimulating challenges

If you or someone are aware of the marketing industry, you should know that this discipline is quite complex. To become successful in marketing, to should have specialization and experience in different areas, including content marketing, market research, retail marketing, or brand Communications. So being a successful marketing professional, you should always be ready to stimulate challenges that come your way. And to stimulate the challenges, you must have good background knowledge of marketing that you can process by completing your professional degree in management or MBA in marketing from various Business School in Mumbai that offers an MBA in marketing degree. 

 

To become successful in business, you must have poses MBA degree as they teach theoretical and practical knowledge regarding management of the different areas. Especially you need to possess experience in marketing because it is the diverse field of specialization required by every organization to gain the most advantage from the business. So to gain management knowledge, you need to have completed a post-graduation course in management. The ideal course for this is an MBA in marketing which you can pursue from NL Dalmia Institute of Management as it is one of the most renowned management Schools in Mumbai. 

What a Career as a Tax Auditor Looks Like

Do you have a career goal of becoming a tax auditor? The role of a tax auditor is very important from a business perspective. Proper training, certifications, and project experience are essential. The position is high-end in nature, with tons of responsibilities. 

 

A financial job

The tasks of a tax auditor are essentially financial in perspective. Completing a PGDM Finance course from a renowned management college, such as N. L. Dalmia Institute would be the right step to accomplish your goal. The financial expertise helps you significantly in getting a corporate job.

 

Different from an accountant’s job

Keep in mind that the job responsibility of a tax auditor is markedly different from the job of an accountant. An accountant prepares the financial records and oversees the bookkeeping operations of a company. On the other hand, a tax auditor examines and attests to the financial records of the company. 

 

Designations you may get

Before discussing at length about various tasks of a tax auditor, know about the probable professional designations you get after completing an MBA from a Top B School in Mumbai like N. L. Dalmia Institute. You can be recruited in the position of an Audit Manager / Internal Audit Manager. You might also get a designation titled ‘Senior Auditor’. 

 

Half-yearly audits

At the end of September, a half-yearly audit process takes place. You have the duty to thoroughly check the accounts and locate errors if any. Also, you need to prepare a detailed report on your findings. 

 

Yearly audits

Yearly audit procedures are more hectic compared to the half-yearly ones. An annual audit process is more comprehensive in approach. You need to be more meticulous in the application of your expertise. Also, you have to apply some time management skills picked up from the MBA classes in order to finish the work fast.

 

Collaborating with various departments

In cases of an internal audit, you have to collaborate with senior executives of various departments of the concerned company. There would be meetings with the management. You can prepare conclusive reports only after you are convinced about the relevant bookkeeping details of the business.

 

A strong grasp of numbers

It is obvious that as an auditor, you need to possess strong quantitative skills. In most of the stages of your job, you have to encounter situations where your grasp of numbers would be helpful. Specialization in Finance from a top management school teaches you such skills.

 

Revising financial documentation

Merely going through the financial documents of the company once is not enough. You have to be very sure about what the records reflect. There is a mandatory step, within the regulatory framework, of revising the documents.

 

Corresponding with higher authorities

You would also have to shoulder the duty of frequently mailing and calling senior officials of your company. You might have to correspond with the government tax department, too. Keeping the seniors informed about the progress of the audit is a major part of the job.

 

Graphical Analysis

As an auditor, it is your duty to perform a graphical analysis of various movements of financial parameters, related to the growth, stagnancy, or decline of the business. It is almost like a daily routine. You have to enquire further details on this matter with the department heads of the company.

 

Checking duplicity, redundancy & other anomalies

It is very crucial to minutely check the accounts of the company. On a regular basis, you have to locate duplicity of records. Some of the bookkeeping entries might be redundant, too. Moreover, there could be other technical anomalies in the records. Your task is to point out those.

 

Preparing reports

It is a frequent task of an auditor to prepare reports on various audit procedures. You have to formally organize the financial findings. The reports essentially contain evidence and explanations related to the findings. You submit the reports to the concerned authorities.

 

Are you ready to become a tax auditor?

Are you serious about getting involved in tax auditing jobs? Aim to get admission in a well-known management institute, preferably in the Finance-Hub of India, Mumbai. The megacity provides you numerous opportunities to be hired as a tax auditor. Prepare a robust plan for your career.

Blog

N. L. Dalmia has shaped my personality in many ways. I learnt the best of HR subjects from amazing faculty members and the overall ecosystem helped me in becoming a better person.

When I entered the industry to start working, I already had a head start in HR concepts, thanks to the specialized HR batch. Additionally, we were provided with well-rounded development through assessment centres, IR case laws, personality development camps, college festivals, national level paper presentations and multiple sessions by industry stalwarts. I feel proud and grateful to have been associated with this institute. The conceptual and life learnings have shaped my career and more importantly my personality.

Designation: HR Business Partner

Organization: Amazon Development Centre India Ltd

Name: Ravishankar Kale
Phone: + 91 8956058483
Email: [email protected]

Name: Kshama Shukla
Phone: + 91 9867366181
Email: [email protected]

Download Brouchure

Get 1st Exam
For Free

Apply Now