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Practical Education Of Management

  2 min 56 sec to read

 
--By Ashok Poudel
 
Master’s in Business Administration (MBA) is an academic course which teaches proper management of every sector. It is a course which provides practical knowledge about management. It also helps in developing an individual’s decision making ability.
 
Nepal moved ahead for privatization from 1991 which resulted in an increase in economic activities in the country too. A number of private industries, companies, banks, and financial institutions were started with that. Similarly, activities in tourism sector and aviation also increased. The need for proper and effective management was felt after the number and responsibilities of these institutions increased. Soon, there was a high demand for people with proper management skills. MBA produced 
that manpower. 
 
The MBA programme was introduced in Nepal by Kathmandu University (KU) in 1993. Since then, the programme has supplied skilled manpower in the industrial and financial sectors. MBA has been the most demanded course among all the graduate programmes in the country. The demand for MBA graduates is high in the global market too due to the development witnessed in the financial and industrial sectors around the world.  
 
With that, students’ attraction towards the course is also increasing every day. As a result, three other universities in Nepal namely Tribhuvan University, Purvanchal University, and Pokhara University have started teaching the MBA course over the past two decades. The degree has been very popular among students so far.  Some colleges are also taking affiliations from foreign universities to run the programme. 
 
With MBA gaining popularity among students and mid-career professionals, most organisations have made MBA degree almost compulsory to enter professional fields. Today an MBA graduate finds more opportunities that MBS, MA, or MED graduates. Education experts say MBA course helps one to become economically independent too. Likewise, it also helps in proper management of one’s own lifestyle.
 
Opportunities
MBA graduates are mostly found employed in the business sector. They are also found working in industries and non-profit institutions. They are also working as consultants for various organisations or as entrepreneurs themselves. Similarly, they can also work in the fields of accounting, advertising or business management too. Likewise, MBA graduates are also the first choice for positions like Chief Executive Officer, Corporate Communication Manager, Chief Information Manager, Finance Officer, and Loan Analyst. MBA graduates are sought after in the tourism and agriculture sectors in Nepal.
 
MBA graduates get jobs easily and faster than other degree holders. They make more money as well.
 
EMBA 
The Executive Master’s in Business Administration (EMBA) course is designed for professionals who are already working in the business fields. This course aims to increase and sharpen their professional skills. While, the MBA course is for the regular students, EMBA is for working professionals. 
 
One should have at least a bachelors’ degree and a minimum work experience (at least at an officer level), of a year with a government or non-government organisation to be eligible to pursue the EMBA course. EMBA course is in demand among people from the corporate sector.

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