MBA and finance

MBA and finance

MBA and finance

MBA and finance Master of Business Administration (MBA) has emerged as one of the major qualifications in the last 15-20 years.

 This is one qualification that employers are looking for while recruiting people. The reason for the importance of this qualification is that it is the one qualification that helps the students to have an all-round knowledge of the entire system of the things that are required to succeed in the Corporate World.

 MBA program good understanding of concepts of  international business, international finance, 

A good MBA program can give a new dimension to your career and can help you to change your mindset. After completing this program you are definitely going to have an edge over others who have not done it. But before making the decision to join this program there are so many things that you have to look into. First and foremost is the institution or college from where you are going to pursue this program.

Friends let me tell you that there are hundreds of institutions/colleges in India which are imparting management education, however, very few of them are good quality institutions so you should be very selective while selecting an institution.

There are various ways through which you can judge the quality of a B School, there are various ratings of top B schools that can be referred, to such as ratings by pagulguy.com, Economic Times, and CSR, etc., and you can also enquire about the placement record of the institution or you can also check with the students who are already pursuing program from the institute.

Some of the top institutions of our country are IIMs, XLRI, ISB, XIMB, TISS, SPJIMR, FMS, Narsee Monji, Jamana Lal Bajaj, MDI, SIBM, IMT, Nirma, IIFT, etc. These are among the top institutions of our country however there are many more. Pursuing an MBA from a mediocre institution may not really help you as it may not have a good value in the market.

There are various types of entrance tests for admission to MBA programs; the most popular among all the tests are CAT, XAT, MAT, GMAT, etc. The syllabus for all the tests is almost the same however there is a huge difference in the difficulty levels of the tests, for example, in CAT & XA, T the difficulty level is very high whereas in MAT difficulty level is not that high.

The higher you score on these tests the better chances you have of getting admission to a top-rated institution. After qualifying the first hurdle you will also have to appear in the interview and Group Discussion to get a final berth.

The most important aspect which I would like to remind you again is the choice of college so take care of this aspect and avoid admission to an ordinary college as the fees for pursuing this program are huge and later on if the placement is not good then the situation can be tough for you.

 

JOB IN THE INSURANCE SECTOR AFTER MBA

The insurance sector provides numerous opportunities for candidates every year. Job in the insurance sector is always target-oriented. There are several types of insurance which include Insurance on buildings, vehicle insurance, medical insurance life insurance, etc. Insurance provides financial safety and security and is very helpful in times of disease accidents, death, etc.

Job as an insurance officer requires patience and involves making the public aware of the positive aspects of insurance. The policyholder can choose an insurance plan of his own choice and can pay a premium for a fixed number of years based on the plan.

Many insurance companies in the sector offer various schemes as per the requirements of the client. They also provide a wide range of opportunities. The insurance agent has to convince potential clients to become an insurance holder. Those employed in the insurance sector need good communication skills, convincing ability, and patience so that will be successful in building up a bright career and future.

Insurance Sector Job Profiles

Actuaries
Insurance broker

Business Insurance

Free Health Insurance

Health Insurance Underwriter

Individual Health Insurance Representative

Insurance adjuster

Insurance manager

Insurance agent

Insurance Group Representative

Insurance Claims Clerk

Travel Insurance Agent

Insurance Commissioner

Commercial Insurance

Insurance Department

Insurance executive

Company Health Insurance

Insurance Investigators

Health Insurance Agent

Insurance Marketing

Insurance policy processing

Company Insurance

Insurance sales

Insurance underwriter

Employee Health Insurance

Life Insurance Underwriter

Medical Insurance Representative

Advertisement Insurance

Insurance claims processing

Life Insurance Agents

Insurance Company Representative

Insurance administrator

Insurance Producer

Pay scale of Insurance jobs

The pay obtained by the candidate in the government sector will depend on the position they hold in the job. Allowances are also provided along with the basic pay. In the private sector, the pay is more attractive and job opportunities are more in number. They also hire management graduates with marketing and sales specialization. Private sector companies might pay a basic salary of Rs 15,000 to 25000 per month. The employee in the insurance sector will get a commission based on the type and amount of insurance sold. On meeting their targets they will get a bonus also which will increase the income they earn from the job. The insurance companies come under the ambit of IRDA.

Pros of Jobs in the Insurance Sector 

The targets will put the employees in stress. There won’t be any uniformity in pay which may lead to ego problems and crises between employees. At the initial stages of employment, the employees need to work really hard to meet their targets which can demotivate the employees.

Job in the insurance sector is highly challenging. It provides t opportunities for the candidates to flourish well in their respective fields which provides the employees with high salaries and reputed positions. Targets will keep them motivated and there always exists a healthy competition among the employees.

Cons about Jobs in the  Insurance Sector

The targets will put the employees in stress. There won’t be any uniformity in pay which may lead to ego problems and crises between employees. At the initial stages of employment, the employees need to work really hard to meet their targets which can demotivate the employees.