Acceptable Modes of Payment for MBA

There are several modes of payment for MBA admission availablein India. They are as follows:

Tuition Fees may be paid by any one of the following means:

     1. Designated Banks at Study Centres/Information Centres

     2. Demand Draft

     3. Internet (Online) Banking

     4. Credit/Debit Card (No Additional Charges)

     5. Cash

     6. e-payment

Designated Banks at Study Centres/Information Centres:  If you are enrolling for distance education, the Directorate of Distance Education has Bank accounts at all the Study Centres/Information Centres. The students can pay all fees by cash through ‘Challan’ of these banks. The Information on these banks will be provided to the students by the Liaison/Special officers posted at the Study Centres and Information Centres.

Demand Draft: Verify the details like your Name and Code No. of Issuing branch and the Bank’s branch at which payable, Date of issue and Signature of the Bank’s Officer, before you make the payment for MBA.

Before sending the Demand Draft to the Directorate, students should write the Application No. or Enrolment No. (after it has been allotted), their Name and chosen Programme on the back side of the Demand Draft.  They should not sign anywhere on the draft.

The Demand Drafts are valid only for a period of three months. Therefore students are advised to prefer Bank Counters available at nearest Study/Information Centres. Otherwise, Students/Parents having Debit/Credit Cards can use the POS (Card swiping Terminals) available at selected Study/Information Centres (without any additional charges).  In case of Demand Draft, Students should send the Demand Draft within ten days from the date of issue by the bank.

Internet (Online) Banking Payments:  Students or their parents having Internet Banking facilities or Debit/Credit Card can make payment of fees online by accessing the University website.  Account holders of the designated Banks providing the service will not be charged any service fee for payment transfers from their internet banking accounts.  Payments may also be made through the Internet using Visa/Master Credit/Debit cards.  As service charges claimed by Banks do vary, users should check them also.

Credit/Debit Card Payments:  Point of  sale   (Card swiping devices) Terminals have been installed at the Headquarters and all Study Centres and a few Information Centres, in association with recognized Banks to enable students to make fee payments using their Visa or Master Credit/Debit (ATM) cards.  This service is provided free of commission and service tax.

Cash:  Fees may also be paid by cash at the Cash Counter in between a fixed timing and through bank challans.

e-payment: Fees can also be paid online.

These were some of the option of payment for MBA admissions in India. Most of the b-schools have the same kind of payment options, however, it is always better to find out the most convenient option for you from the admission cell officers.

Also in case of any financial aid and other scholarships it is wise to get in touch with the admission cell officials for further guidance regarding the payment options. Moreover, fees relating to the Instalments of First, Second, Third and Fourth year of study may also be paid through the above means.  All Fees relating to Examinations, Migration Certificates etc. should be paid in favour of the Controller of Examinations, of the institute you will be studying.

MBA in Operations Management

Quite often operations management is misunderstood due to its multidisciplinary nature. Generally, in the corporate segment, it means that a wide range of functions need to be performed for maintaining a consistent quality of services or products under development. This includes, but not restricted to all the activities required to create and deliver a product or service, from selecting suppliers and/or raw materials to supply chain management and distribution.

An MBA in operations management will enable an individual to create and implement effective process management and process engineering mechanism that, in turn, will ensure quality with optimum usage of resources.

In operations world one is expected to know and manage certain areas including planning, organizing and supervising in the contexts of production, manufacturing or the provision of services. It chiefly looks after the management of turning company inputs into outputs in an effective manner. The inputs themselves could represent anything from materials, equipment and technology to human resources such as staff or workers.

There are strong parallels between the skills required for effective operations management and those needed in both logistics and supply chain management. Organizational ability is crucial in successfully enhancing efficiency and driving productivity as an operations manager.

For a seamless process one must understand the series of functions within the organization that is put into place and in this sense the role is directly related to supply chain management. Meanwhile, the coordination involved in setting up these processes in practice represents logistics; the combination of understanding and coordinating the work of a company are therefore, central to be a successful operations manager.   

An MBA in operations management or a similar specialization in related fields like logistics and supply chain management will hone individual skill and those who enter into the industry by developing the requisite skill set or to help those already in the industry to widen their knowledge and push on into a business leadership role.

Pursuing an MBA in operations management will open up a global perspective on industry trends and an awareness of any financial regulations or political uncertainties that could impact an organization. Risk management is a crucial part of operations management and getting to grips with the industry’s inherent complexities and responding well to change will be a strong consideration for students during their course.

Strategic thinking and decision making is another important aspect of operations management programs, something that should enable graduates to ensure their organization stays ahead of its competition.

Roles in operations management may vary from company to company and even at industry level. However, it is to be noted that in reality most companies will not fit easily into one category or the other in the entirety of its operations. A car company doesn’t simply manufacture cars, it also services them. A café serving coffee might very easily also produce their own coffee.

Some specific organizations like quasi-manufacturing organizations though sounds like a manufacturing unit, but are clearly providing a service, such as an automated warehouse dispatching goods.

One needs to go beyond the apparent definition of operations management. There can be strong overlap with supply chain management, logistics or engineering, but there are many other industries and areas where operations functions and the skills of an effective operations manager are strongly tied to an organization’s lasting success.

MBA in Leadership

MBA in leadership stands for Master of Business Administration in leadership. In today’s business world, challenges and crisis may arise at any time. At such times business most importantly needs an effective leader. An effective leader always guides his team in the correct direction and solves the most difficult challenges in the easiest way. MBA in leadership helps in managing the entire business including the crisis situation in the best possible way. As a result of which MBA in leadership has become one of the popular specializations of MBA programs. Not only does this program help you to clarify your vision it also helps you to increase your self-confidence, teaches you leadership skills and how to influence people, and leads you and your business to success.

Due to the growing trend of MBA in leadership many business schools and universities as well as online schools have adopted leadership development as a key element for their MBA courses. Depending on the university or business school this program may take 2 years or more to complete. This program evaluates the student in various skills like leadership, team process, decision making, business strategies and statistics, managerial accounting, economics, marketing research and management, leadership and managerial effectiveness, and global business. Some other features of this program are strategic planning, building and coaching teams, efficient communication, diversity in organization  and psychology. Strategic planning is an important element for enhancing the success of any organization. Proper strategic planning accompanied with proper team work always gives fruitful results. Proper team work is possible only if the leader leads the team in the correct direction. So in order to achieve this, a leader must be good in decision making. As all these things are interlinked, leadership is a necessary qualification in today’s business world. It not only benefits the business world but also proves to be a milestone in your life. It proves to be an important stage in your professional life.

MBA in leadership opens a large number of career opportunities for you. This Master’s degree will definitely help you to be placed at managerial and supervisory levels in various companies. The US Bureau of Labour Statistics states that leadership related professionals, such as Administrative Services Managers as well as Training and Development Managers earn median annual wages of $81,080 and $95,400 respectively. This will ultimately lead to growth in your career.