MBA General Archives - N. L. Dalmia Institute of Management

Global MBA v/s regular MBA – Which one to choose?

November 21, 2022
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A Masters in Business Administration (MBA) program is a pass to managerial and subsequently, leadership roles in a company. An aspiring student or professional who wants to pursue an MBA must make a choice between opting for a Global MBA v/s going for a regular MBA course offered in his own country. Let’s take the example of India here for explaining the concept better.

The Similarities

Whether one opts for a Global MBA or a regular one, the course content and structure is designed around key concepts such as finance & accounting, marketing & brand management, human resources management, operations management etc. In addition, the key aspects of managing teams and leading them, and organizational behaviour is also taught. Business strategies touching upon the above mentioned subjects make MBA a very interesting and enlightening course. A Global MBA and a regular MBA will both cover the above aspects in vivid detail.

What’s the difference then?

There are a few differences that clearly demarcate a global MBA from a regular one. We highlight it as below: –

The Outlook: A Global MBA program is designed to enable the aspirants to gain the desired knowledge, skills, training, and interactions that can accelerate their journey towards becoming global business managers. The emphasis on international trade and business, and how it impacts organizations is touched upon more in a Global MBA program. A regular MBA program may not delve into International business and laws governing it in depth. However, it might enable the students to learn about each department of an organization in depth and apply the same in managerial roles.
The diversity: A Global MBA program enrols students/ professionals from various nationalities. The faculty is also from different nationalities and backgrounds and hence it offers a truly global experience. The diversity that each group brings to class is significant and hence, offers great learning enriched by diverse perspectives and approaches to solving case studies and problems.
The Prospects: A Global MBA program might offer enhanced prospects as companies from across the globe may be looking at placing bright students into their companies. It may enable students of the global program to tap opportunities in the world’s most exciting companies, leading technology behemoths, consultancy firms etc. A regular MBA would also enable you to get great opportunities, but may not be as diverse as a Global MBA.
The Network – A regular MBA may provide a network that might be limited to a particular country (India, in our case). Of course, with the premier institutions, the alumni network may enable the students to expand their network, but it may still have a limited reach. With a Global MBA, the network that you will create will also be global. It may become easy for global MBA students to reach out to various companies, industry types, countries, and communities.
Job Opportunities: A global MBA will open a plethora of opportunities for MBA students. What’s more, the remuneration may also be comparatively higher than a regular MBA. However, one must also consider such aspects along with the cost of a global MBA. The total cost of a global MBA would be much higher than a regular MBA.

Wrapping Up

While a global MBA looks like a clear winner, it may not be so. Students must consider the cost of a global MBA in terms of loans and funding required for travel and accommodation. A global MBA may also get impacted depending on economic cycles. For example – during a recessionary time when companies are likely to cut down on costs, a global MBA student may not find it easy to get the lucrative job that we have mentioned above. Also, a global MBA may often mandate a few years of relevant work experience which might make many MBA aspirants ineligible for it. While a regular MBA may not match up in terms of international exposure or global learning, it still offers great learning (both theoretical and practical) and enables students to become one of the most sought-after professionals in the country, especially if they have obtained their MBA from a premier business school. Aspirants must carefully consider all aspects of a regular and global MBA program before taking up either. It wouldn’t be a great idea to choose a Global MBA over a regular one without giving considerable thought to the merits and challenges that both bring along

MBA or EMBA Which one’s right for you

November 1, 2021
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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

November 1, 2021
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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.

How To Network On Your MBA With Ease

January 16, 2019
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For many students, networking is one of the main reasons they decided to pursue an MBA. It’s one of the most important aspects of any MBA program and in many cases, can facilitate career progression and success. For on-campus courses, networking is easy. Students spend up to two years working and interacting directly with classmates, staff and visitors, forging friendships along the way.

However, for online MBAs, building connections requires more effort.An on-campus MBA requires students to forgo their salaries, often relocate, and pause their careers for one or two years. Because many students don’t feel they can do this, online and distance courses, which enable students to study in their free time, are becoming more popular. This has tied in with an increase in the quality of these courses, with many featuring in global top-ranked MBA lists such as the QS Distance Online MBA Rankings 2017. One of the major downsides to an online or distance MBA is that the very nature of them makes it much more difficult to network, with fellow students spread literally over continents and time zones.

It’s certainly more difficult, but it’s not impossible. Follow our tips for networking to make the most of your online MBA:

Make the Most of Group Projects

Schools which run MBAs understand the importance of the networking, teamwork and collaborative aspects of the course. For this reason, online MBAs will incorporate group projects in the same way that on-campus MBAs do. Groups collaborate via video calling, telephone calls, email, messaging systems and shared documents.

This isn’t as simple as working with fellow students in person, which means that a more concerted effort is required. Make the most of this by suggesting an introductory video call to meet and get to know the other members of your study group, and regularly converse to develop solid relationships. Research different online communications platforms and settle on one which suits you all, then make sure to schedule time in to speak – factoring in work schedules and time differences. Spend time getting to know the people you’re working with on a personal level, and if possible meet them in person – this might not always be possible, especially if teams are international or spread across a large country.

Most of your contacts will be online, so make the most of social media and connect with other students. Before starting the course, ensure your accounts (particularly LinkedIn) are up to date, to allow your classmates and others to find you with ease. This will also allow future employers to understand your work and education history, and you’ll be much more visible to any businesses who recruit from your institution.

Take Advantage of In-person Opportunities

Despite the medium of online MBAs, many programs will still have in-person opportunities across the course. Meet-and-greets and other events will be held to enable students to introduce themselves to their colleagues and professors. Attend these wherever possible – aside from helping you get to know others on your course, it will also allow professors to put a face to a name, making you more personal to them. No matter how advanced digital communication gets, there’s nothing like in-person conversation to solidify relationships.

Students should also consider taking advantage of any travel opportunities available. Some courses will offer international modules or on-campus electives. If possible, take up these opportunities- they’re fantastic experience and they’ll allow you to form closer ties with others on the course.

Students should also find out if any of their classmates live nearby and suggest meeting up for a coffee, or lunch, to speak to them in person. Some institutions will run city-specific events for students, particularly if the course attracts a lot of international candidates. Keep a lookout for these and attend when possible.

Make an Effort – It’ll Benefit You in the End

With on-campus MBAs the network opportunities are presented directly to students – they’re essentially unavoidable as long as you attend the course. For online MBA students, however, the situation is entirely different. Online students need to make a serious effort to build the kind of relationships which might develop naturally should they be sitting next to someone every day. It takes dedication and resolve, but, for those who are willing to put the effort in, there’s no reason their experience should be less connected than an on-campus student.

Online MBA students also benefit from the fact that they will develop online conversation and networking skills, vital in today’s working world where online collaboration is often required on a daily basis

1. Seek out a mentor at work or during your internship

While mentors can be found everywhere, one of the best places to find a mentor is at the office. By selecting someone you work closely with who knows you well, you will hopefully be able to gather candid feedback on your strengths and weaknesses.

He or she will also be best positioned to identify your strengths and weaknesses and offer career advice that is relevant to your background and goals. Starting your search for a mentor early allows you to take your time to find a mentor who is a good fit for you.

Begin by asking your target mentor out for coffee or lunch and ask him about his career. Let the relationship develop from there.

2. Have meaningful conversations with alums

Reaching out to alums from your current or target school(s) working in your desired field can be extremely beneficial.

Some candidates wonder how many students they should contact—I advise two or three per school, as reaching out to more than that can be overkill! Remember to focus on having quality conversations that give you an authentic picture of what life is like at that school or in that role.

3. Invite someone in your dream role for coffee

Meeting up with strangers can be intimidating but doing so can pay off in the long run.

One way to start is by telling someone you want to learn more about her job and how she got there. Those in your dream roles today were once in your position, and many are happy to help aspiring professionals. The key to these conversations is to learn and to let the relationship grow organically—this is not the time to ask for help getting a job or for a recommendation! Meeting with alumni from your alma mater or friends of friends/family can be an easy starting point.

4. Seek a volunteer position

Look for a meaningful role within an organization that you are passionate about and/or one in your target field.

Consider opportunities to work on team projects or to join a board; this will allow you to connect with other like-minded professionals. Not only will you learn more about your target industry and gain valuable skills and experience, but you will also likely expand your network, developing contacts you can call upon later in your career.

5. Use social media to create digital connections

While networking face-to-face can be a valuable way to meet new people, the reality is that many of the connections you make will be online. This is particularly true if your target schools are not in your current area or if it is hard to find local professionals in your dream role.

Having an updated LinkedIn profile is the bare minimum for creating an effective personal brand for online networking. When messaging other professionals, make sure to personalize it enough so that your message is clear and authentic and not too ‘cookie cutter’. Following your target schools and firms on Twitter can also help you stay on top of the latest news and trends which can help you stand out in both your future applications and interviews.

6. Counter your fears

If you tend to shudder at the thought of ‘networking’, it can feel daunting to put yourself out there and strike up conversations with strangers. First, remember: you’re at a great business school and you absolutely deserve to be there – so sign up for an event, speak up, and show your worth. Pretty much everyone has suffered from a touch of imposter syndrome at one stage or another.

If your reservations about networking go deeper, and you’re somehow concerned it’s “slimy,” you’re not alone. According to Jeffrey Pfeffer, a Stanford professor of organizational behavior, many people “believe it requires inauthentic, uncomfortable behavior”. If that sounds like you, try to reframe the process not as a transactional exchange of favors, but instead as a chance to help others, or an opportunity to talk about the subjects and causes you’re most passionate about. Making meeting people less about you and more about them or a worthy goal is the best way to remove the ‘ick factor’ of networking.

What Kind of an MBA Should You Pursue?

October 5, 2018
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Have you recently completed a Bachelor’s Degree? Are you interested in pursuing a good management program? If yes, this article will be of great help to you. In this article, we will be conducting an in-depth analysis of MBA courses.

This article will help you understand:

What MBA courses are all about
The different types of MBA programs available right now
What’s the course content like
The scope associated with this academic program

MBA stands for Master in Business Administration. It is a postgraduate level course. The main aim of this course is to instil management skills and knowledge in students. If you want to take up key administrative and managerial roles in companies, corporate firms, MNCs and businesses, you must have adequate knowledge about the fundamentals of management. It takes a certain amount of management knowledge and skills to thrive in administrative roles. This is where a management education course like MBA comes handy. MBA is one of the most popular 2-year professional courses that’s always in high demand. MBA is a globally accepted master of post-graduate level degree. The core courses in an MBA program cover a variety of areas of business such as finance, accounting, marketing, operations, human resources, amongst others. Many reputed Top MBA colleges in India offer MBA courses. These business schools conduct different entrance examinations such as CAT, MAT, XAT, GMAT etc. to secure admissions on the basis of the scores attained by students in any of these examinations.

N.L Dalmia is one of the best institutes for MBA in Mumbai, and you can apply online to get admission in this management institute. This Institute is quite popular among students all around the country, who wish to pursue higher management studies and courses like MBA.

TYPES OF COURSES

There are two main types of MBA programs available in India:

General MBA course
MBA specialization courses

GENERAL MBA

General MBA course focuses on the basics of management. It allows students to understand the various aspects of the management field. The curriculum of the general MBA program in most MBA colleges comprises of core management subjects and few elective subjects.

Some of the core management subjects are:

Finance Management
HR Management
Economics
Organizational Behavior
Project work
Economics
Accounting
Business laws
Economics principles of management
Entrepreneurship
Communication skills
Business Communication
Business planning
Business Environment
Marketing Management
Retail Management
Computer Application
Taxation

Generally, the first year of an MBA program has core subjects. There are different elective subjects in the second year, and their availability varies from college to college

SPECIALIZATION COURSES

MBA specialization programs have focus on a discipline of your choice. Such programs cover subjects related to the field of specialization as well as the core management subjects such as :

MBA in Marketing
MBA in Finance
MBA in Human Resource
MBA in Information Technology (IT)
MBA in International Business (IB)
MBA in Health Care Management
MBA in Supply Chain Management
MBA in Rural Management
MBA in Operation Management

ELIGIBILITY

Minimum educational qualification required is – completed Bachelor’s Degree from a recognized University/Institute. Minimum aggregate marks criteria may exist and it varies from one institute to another.

MBA colleges require the fulfillment of the following eligibility criteria:

The candidate should have completed Bachelor’s Degree course from a recognized University/Institute.
Minimum aggregate marks criteria may exist, and it may vary from one institute to another. However, 55-60% is the usual benchmark.

COURSE FORMATS

MBA programs are available in many different formats. Some of the notable course formats are :

1.Full-Time MBA Programs: This is for 2 years that comprise 4 semesters. Full-time programs are just like other regular academic programs, and it consists of regular classroom lectures.

2.Part-Time MBA Programs: This program is pursued by working professionals. These programs are more flexible than full-time programs

3.Distance MBA Programs: Most of the MBA colleges and institutes all over India provide distance learning option in different courses including MBA.

4.Online MBA Programs: Students study virtually in online MBA programs. They get online lectures in this type of an MBA.

5.Executive MBA Programs: This MBA is for working professionals. The eligibility to take admission in an Executive MBA is to have minimum 3 to 5 years of working experience.

Getting an MBA degree from N.L. Dalmia will empower you with a globally relevant, recognized & valued education, bestowing you with several different opportunities as you study 1 year in India & the 2nd year in U.S.A.

How to Select a College for MBA

October 5, 2018
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If you step into a reputed college, your chances of selection and settlement increase significantly. You might get a good opportunity right at the start of your career and with the knowledge and experience, you will become a successful name in the business world.

Here are a few factors to be considered before choosing an MBA Program:

1. Set Your Post-MBA Goals –

It is important that you set up your goals with respect to your background, motivation level, interest and of course, the scope in the sector. However, there are many cases where people have changed their field of work after MBA and some of them succeed tremendously but it is not necessary that the wind flows in the same direction. Hence, setting goals beforehand is always advisable.

2. Check Out the Ranking –

Pursuing MBA from any college is not sufficient. To get an extra competitive edge over the market, you need to pursue it from a college that beholds higher ranking. There are many authorities that hold the power to rank the colleges. Also, there are many websites that help you assess the ranking of colleges based on the curriculum they offer, their faculty, amenities, alumni pool, placement facilities, etc.

3. Curriculum –

Though it is believed that what you read in the classroom is poles apart from what you execute in reality; it is to be noted that practical knowledge draws its roots from the theoretical fundamentals. While opting for an MBA Program, it becomes essential to check on the curriculum and assure that it comprises all the essentials of the subject. Nowadays, colleges have opted for experiential learning. Apart from lectures and classroom case studies, they offer you a chance to imply knowledge on a practical basis. If the college does not offer you a new way of teaching experience, then it is better to step back from such college.

4. Internship –

There are many colleges that offer their students rich corporate exposure and a chance to work with companies on an internship basis. There are many cases in the record where interns get hired by the company for permanent employment if they perform well during their internship period. Look for the colleges that offer internship programs in reputed and well-established companies.

5. Alumni Pool –

For a college having vast alumni is not enough. The alumni also need to have higher approachability. Alumni are the main connection between the college and the corporate world. With an approachable alumni pool, a college may be able to fetch placement opportunities for the students.

6. Alumni Feedback –

Another important aspect that is related to the Alumni of a college is their feedback. Before opting for a college to pursue your MBA Program, go through their alumni feedbacks as it gives the real picture of the college status and reputations. If the alumni have good words to say, then go for the college but if you find something negative then it’s better to always look for better options.

7. Placement Cell –

The placement cell of a college is the most powerful tool that the college possesses for securing your future. If the college has a strong placement cell which has the ability to fetch up placements opportunities from reputed companies, then that specific college is the best choice for you. Check out Dalmia’s vast range of placement options https://www.nldalmia.in/Pages-Placement-Partners

8. Return on Investment –

Last in the list but the most important thing is that how much you MBA Program are able to generate the return on your investment. It depends upon the salary package you secure with your entry into the corporate world. Here’s where some of N.L. Dalmia’s alumni achieved after their MBA https://www.nldalmia.in/Students-Achievement

If you succeed in securing a seat in a reputed college which has all these factors as a core part of their operations, then it is confirmed that you must climb up the ladder of success very fast and within no time, you will reach the top level and become a part of the reputed alumni cell of your MBA college.

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