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MBA in Agribusiness: An Insider’s Brief

Agribusiness is a collective term that describes various activities related to farming like breeding, crop production, farming, farm machinery (ranging from hand tools, such as shovels, to tractors), distribution, sales and marketing and chemicals ( called agrichemicals or agrochemicals which include the pesticides, fertilizers, growth chemicals that are used in the agricultural process) used in farming. MBA in agribusiness is a 2-year pg program concerned with business administration specialising in the application of techniques, administration processes and principles with respect to agribusiness or agro-based business.

 Significance of Agribusiness in modern times

Agribusiness supports and sustains the growth of the agricultural industry which is vital for the economic growth of a country, especially the developing countries or the agricultural-based countries like India. This is the reason the government always offers subsidies to agribusiness.

 As always, agricultural activities in our country continue to contribute to the system of food security, sustainable food production and also these are the major source of income of the poor. But it results in the emission of greenhouse gases that contribute to global warming. Hence demands an innovative, latest and skilful approach to address this issue.

 With around 70% of our population from rural areas, we can’t ignore the rural economy and its growth. Besides this has the potential to drive the growth and prosperity of our economy on a macro level. 

Goes without saying, all these demand proper management and administration. And this management and administration require a dedicated team of qualified as well as skilled professionals who have the knowledge and expertise of the sector and are able to bring forth innovative, effective and efficient changes in the agri-sector.

 Precisely this is what an MBA in Agri-business which is a very specific and extensive study comes in aid churning out skilful students with domain-specific skills, knowledge and understanding to make a significant contribution in the agricultural sector of our country.  

 The program nurtures young graduates with industry and market-specific knowledge base focused on bridging the gap between skill needed and qualified professionals. So that they are able to bring the consequential outcome in the sector as mentioned above and also increase their employability prospects.

 Course Details

Admission to the program is typically based on Common Entrance Test (CET) like CAT, GMAT. Some schools conduct their own exam apart from the common exams for selecting students, although they give preference to the exam scores of CAT, XAT, GMAT etc. The fees range between 1 to 7 lacs depending on the agriculture business management colleges or university (state/private/deemed).

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MBA in energy management: Why Study?

Energy management is the optimum use of energy to maximise profit and minimise cost thus raising economic competitiveness. The process obviously involves policy, strategy, energy audit, energy conservation steps, administrative costs and actions, organisational changes, training programmes to create awareness, monitoring the energy conservation endeavours. Goes without saying, therefore, it is an important management function for every organisation especially in the present days of environment pollution, global warming, and the greenhouse effect. This has led to the development and popularity of energy management courses in India.

 Energy management: Why important?

EM involves the science and management that involves planning, directing, controlling the supply plus consumption of energy to maximise productivity and minimise energy costs and wastages due to pollution with the conscious, judicious and optimised use of energy.

 MBA in energy management: Why?

The program helps in understanding the business side of energy management (as discussed above about energy management), the management side of the business, and also learning about preserving the environment and about the energy industry.

The study focuses on making the students learn how to apply the theories of management, energy trading, environmental and energy laws, and global energy markets as well. Not only this, but they also learn about the financial aspects and implications of energy management along with the negotiation and marketing skills within the energy sector.

Both online and offline programs are available. Students who wish to save time, money and energy in travelling to and fro from class, or already working students opt for online courses.

 Career opportunities for MBA in EM

Therefore, the program not only gives the opportunity to advance in career but also is very helpful to those who wish to go independent in the fields of consulting, research, analysis and project management.

The passed out students might, after some experience qualify for positions like director of operations or energy trader, pricing analyst, construction project manager. The other opportunities are Energy Markets Reporter, Product Manager, Research Associate, Business Development Manager, Account Manager Sales. Jobs are available both in the private and public sectors. Prospective employment opportunities include Tata Power, DVC, Adani Power, NTPC, Reliance, among many others.

 Is EM worth doing in India?

We all know that our country is one of the fastest-growing economies across the globe with an estimated growth of 8% YOY for the next 15 years. Huge population growth within the country will keep energy demand along with its production, supply and management in high velocity. Keeping in pace with this, the renewable energy investment will reach 225GW. Goes without saying, the need for energy management is on the fast upward curve showing the fact that MBA in energy management in India the program will see its scope rising day by day.

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You’ll crave for an MBA in International Business: After Reading This!

A career in international business can make you travel around the world, interact with various international clients big or small from various organisations. It can place you in such a position to make far reaching decisions to shape organisational outcomes. Well earned degrees in MBA in International Business Colleges season you through complex inter-cultural processes (and issues as well) that help you to make a lasting impact on global businesses and all the while positioning yourself in professional evolution.

With tremendous growth in the world economy, many businesses have opened offices in different states and countries across the globe. And they look for employees with skills and understanding in international business. 

For example they look for financial analysts, business analysts, marketing managers, HR professionals/executives and more. There are many Indian companies like Infosys, Wipro, Tata, BHEL GE among others as well as foreign companies like IBM, GE, Apple, Amazon, Facebook and various others.

You get not only well-positioned for a multitude of career options by being able to appreciate the dynamics of working cross-culturally, but also are able to prepare yourself for the world of the future. Such is the strength and possibility of this program.

Now let us understand a bit about the IB program.

MBA in International Business involves understanding the effects of these activities on domestic/foreign markets, countries, governments, businesses, and individuals. It helps you  to recognize the diversity of the world marketplace, cope with the uncertainties and also understand the risks of doing business in an ever-changing global market.

Broadly speaking, the IB program classifies the international businesses strategy, organization, and/or functional decisions into three categories. These are...

1) A company / business (called a multi-domestic company) with independent subsidiaries that act as domestic firms.

2) A company with global operations (multinational)with integrated subsidiaries

3) A mix of the above two

 Besides, the program revolves around two models. These are...

Multi-domestic – Under this model comes those businesses that  promote products/services in several markets round the globe. But only after adapting the product/service to the culture, taste preferences and non secular customs of the various target markets where they are sold.

 Multinational   - Under this model comes those sales of products/ services in different foreign markets but without changing the characteristics of the product/service  or to say selling products/ services in foreign markets without sacrificing the self-identity.

The understanding and grasping of international business becomes especially challenging when businesses/companies combine both the models. There are many companies which do so.

Irrespective of the models used by businesses, they need specially skilled professionals to create a diverse and competitive workforce to help run a business successfully internationally.

 Obviously then, if you have studied IB you will be favoured by such companies. And now almost all companies are having overseas businesses. This is the reason why business schools are increasingly coming up with the program of MBA in international business colleges in India to cater to such demands.

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Energy Management: Why, for Whom? Understand in 4 Minutes!

Energy management involves systematic, proactive and organised use of energy whether in buildings or businesses to meet the environmental and economic requirements. Because businesses and companies these days across all sectors are now focusing on energy management to reduce their operating costs and save the environment, the need for skilled professionals for energy management is on the rise. As a result, energy management courses in India are slowly gaining popularity.

 Though the specific requirements, practices might differ from sector to sector, the core principles, however, remain the same like...

a) Energy data collection

b) Metering the energy consumption

c)  Identifying the possibilities and opportunities for saving energy

d) Taking appropriate action for energy saving

e)     Progress tracking and optimisation of process

A point to add here which wouldn’t be out of context is, that energy management is not limited to large buildings or offices alone. A student of energy management or one who has earned the degree can even apply the knowledge and skill to home, society as well. Thus the degree has another justification which is equally important and essential.

 We don’t need to discuss MBA here. We all know it is perhaps the most sought after business management post graduate degree across the world including India.

 An MBA in energy management (post-graduation course of two years divided into four semesters) basically coaches the student on understanding and transforming the realities in the energy and power sectors.

It empowers a student to befit into the job market with the much needed skills and knowledge, for example, optimised use of renewable and non-renewable resources, sustainability management, energy conservation management and much more. A passed out student becomes adept in understanding, and accomplishment of laws related to energy.

The degree empowers a student with the important features of the functional areas of management, the best practices of energy management and innovations as well aiming to create strong leaders who can create an impact in the energy sector and overcome the challenges as well.

MBA in Energy Management? Reasons!

Remember, this study and career choice are only for those who love nature and dream to have a career orientation around nature. The degree does provide sufficient opportunities in various fields in the managerial hierarchy, especially in large organisations with an opportunity to bring an impactful effect in sustainable development and management of nature and her resources.

 Employment Opportunity for an energy management MBA degree holder comes from sectors like Power, Manufacturing, Automobiles and associated industry quarters both in government and private sectors with a lucrative salary. While the average expense for the course is INR 1.5 L - 3 L per Annum, average income ranges from INR 4 L to 6 L per Annum.

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What skill does an MBA give you?

Is pursuing an MBA program at a business school a good choice? Deciding to study for an MBA degree Master in Business Administration, is a big step for aspiring managers. If you are preparing to enter the competitive business world of today, an MBA in International Business takes you a step ahead.

So, what can an MBA degree provide you? An MBA can provide you with a wealth of benefits, especially when it comes from a well-regarded business school. Getting a high MBA salary after post-graduation, landing in a management job, building a powerful professional network, or even being your boss are just a few of the benefits of studying for an MBA degree.

Need to know more? Here are some reasons to start studying for a Business Administration degree:

Develop comprehensive and versatile skills in management

MBA candidates are usually young business people with a minimum of two years of professional experience.

MBA classes help you learn the skills required to succeed in sustaining a company. Every MBA degree may have a different curriculum, but these are some of the most common skills you learn:-

Enhance expertise in teamwork and people management

Create, promote and sell your service and products

Network and build ties or partnership

Managing demanding circumstances

Keep the finances of the business safe

Promote and retain the good image of the company 

Collect, analyze and generate reports based 

Make tough calls at the right time

 MBA has a lot of specialization to fit your exact goals

Many universities and business schools have developed a wide range of MBA programs, specializing in various aspects of the business world, because of their international popularity. So you choose what fits into your goal

General Manager-great for developing an all-around effective business arsenal.

International Business- great for aligning business goals across borders.

Strategic Manager- great for long term business planning

Finance- great for bankers, data analysis, accounting, and many more.

Entrepreneurship- best for own start-up

Extensive business networks

You have wonderful networking opportunities as an MBA student. You can work with fellow students, teachers, and teaching staff. And this context will broaden the capabilities of your business management.

You gain access to that specific MBA program’s vast alumni network. Your connection will give you a great overview of the business world. Be prepared for the smallest interpretation of the changes in the business environment and make connections between various global events and world affairs.

MBA wages are among the highest in the job market

Employment stability and high salaries are some of the most significant among the benefits of an MBA degree. An MBA graduate’s average salary is much higher than an employee’s with a normal Masters. You can expect to earn twice as much as what you would get from a regular degree.

 If you are also interested in this professional field, join MBA in International business colleges in India and enjoy the journey at B-school.

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The Future Scope of Post-Graduate Program in Energy Management: Explained

Energy is the most crucial resource for the development of the nation. To meet the rising demands of power supply, there is a requirement to devise suitable strategies in order to operate, sustain and generate power effectively. Moreover, efficient energy use is also a requisite part of every business. 

The organizations thus seek for experts who are skilled to create tactics for effective management of energy. Candidates can pursue an MBA in Energy Management to learn such skills and grab the right roles in the energy industry.

First, let us talk about Energy Management

Energy management relates to the method of supervising, controlling and conserving the energy.  The centre is on utilizing energy in an environment-friendly manner in a cost-effective manner. 

It requires adequate planning of energy consumption, review of present consumption and building policies to save energy by efficient ways of usage.

Significance of the Energy Management Course

The Energy Management program blends in-depth knowledge related to the domain and gives essential skills to the aspirants. It allows specialization in various sectors such as energy efficiency, oil and gas, sustainable consumption of energy resources, renewable energy and use of alternative resources. 

The individuals then employ their gained knowledge in formulating relevant tactics to maintain energy in an efficient way.

The Career Scope after MBA in Energy Management

In the current scenario, sufficient energy consumption is a necessity for every organization. They are exploring and looking for energy managers who work with production and environment managers. The international energy crisis has also expanded the demand for a skilled workforce. Besides, the country's government also aims at strengthening its energy sector, which means there will be an enormous need for energy management professionals. 

Thus, having the postgraduate degree not just extends your knowledge or value, but also opens doors of career possibilities in the continually surging energy sector.

The program makes you a sought-after candidate for the energy management sector. One can use the obtained knowledge in preserving the environment, for sustainable development, and energy management. 

The postgraduates in energy management can take up positions as Energy Manager, Oil and Gas Analyst, Energy Auditor, Technical Consultant, Energy Analyst and Project Coordinator.

The curriculum of the program also improves your chances of getting hired in government or semi-government sectors. Many notable private firms also offer profitable jobs to the energy management of skilled professionals. Some of the best recruiters in the domain are National Power Corporation of India, Tata Power, Reliance Power, NTPC and NHPC. 

Though you may find plenty of colleges offering MBA in Energy Management in India, you must try and go for a program from an acknowledged institute to enjoy the benefits to the fullest. 

The course material and the pedagogy in the best energy management colleges is developed by the industry as well as subject matter specialists so that you can get intensive training and relevant know-how of the latest trends. 

Are you still thinking? Do not miss the fantastic opportunities this MBA program has to offer and get enrolled, now! 

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The agribusiness domain allows some of the most fulfilling career opportunities, some of which cover rural policy, farm and livestock management, commodity marketing, foreign trade, and economic development.

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5 Rewarding Careers You can Pursue After MBA in Agri-Business Management

Agriculture is a significant element of any society. That said, agribusiness plays a crucial role in growing the farming and agricultural field.

The agribusiness domain allows some of the most fulfilling career opportunities, some of which cover rural policy, farm and livestock management, commodity marketing, foreign trade, and economic development.

Given below is a list of careers that might interest those who want to make a living doing farming-related commercial activities after pursuing MBA in agri-business management:

Agronomy Salesperson

This is a job role that relies on having thorough business knowledge of a know-how and agricultural processes. Agronomy salespersons are employed as crop specialists in a particular region. They then assist farmers by contributing specialized services to enhance their crop production outcome.

As with most sales and marketing jobs, this role expects strong interpersonal skills, as well as the ability to relate with all sorts of people.

Agricultural Manager

Whether self-employed or working within a more widespread industrial setup, agricultural Managers bear the vital accountability of assuring the world’s food supply by making sure that farming and food production sites run evenly.

Armed with the information to make daily operational conclusions, agricultural managers usually deal with supervising crop and animal production, while leading a team of employees.

Renewable Energy Analyst

The agriculture industry used to be reliant on fossil fuel. While it may still be true, there is now a flourishing recognition of the benefits towards making the agriculture division sustainable.

One way the agricultural sector, in specific farmers, is learning to adapt via using renewable energy to power their operations. In this respect, a renewable energy analyst is a precious ally in supporting farmers make the switch to sustainable farming alternatives and practices.

Energy analysts are engaged in calculating the energy efficiency of systems, equipment and types of machinery while also analyzing how farms are utilizing energy. Based on the data gathered, they can then assist clients in creating sustainable operations by promoting energy models, suggesting process improvements as well as giving technical assistance.

Dairy Economist

As a dairy economist, the primary responsibility is to monitor and forecast milk/dairy prices, promoting policies that benefit the dairy industry and controlling dairy trade on the local, national, and international scale.

Agricultural Policy Specialist

Agricultural policy specialists are responsible for analyzing and developing government policies that have a direct or indirect effect on the farming domain.

As the job title reflects, agricultural policy specialists are well-versed and up-to-date on rural policymaking. They have an exceptional understanding of local and global agricultural trade.

Agricultural policy professionals find work in federal agencies such as the USDA or may be employed in the public and nonprofit sectors, assisting small-scale farms.

To make a flourishing career in the agribusiness sector, give your best efforts in picking up one of the best agriculture business management colleges. Once you get through, whatever your area of interest or expertise may be, there is sure to be a specific agribusiness career waiting to be explored.

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An MBA in Agribusiness Management assists in building a strong foundation of business competencies and management concepts with the focus on the agriculture sector.

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Everything You Must Know About a Promising Career in Agribusiness Management

India possesses the second-largest agricultural land in the world. The soil and the climate here are incredibly advantageous for farming of several commodities. Agriculture is said to be still the principal source of livelihood for the majority of the Indian population.

Today, there is a tremendous skill gap, and the advancement of technology and methods has increased the demand for trained specialists in this sector.

MBA in Agribusiness Management: What does it hold?

An MBA in Agribusiness Management assists in building a strong foundation of business competencies and management concepts with the focus on the agriculture sector. It bestows knowledge, understanding and skills that would prepare the candidates in making decisions and solving problems related to the agribusiness sector.

For whom is the career in Agribusiness Management suitable for?

To make a successful career in Agriculture in India, it is essential to have an intense interest in this domain. With a significant dependency on external factors such as climate, ecosystem, government policies, this sector is remarkably challenging and productive.

It involves dealing with ignorant farmers, getting exposed to rural India and working in an unconventional setup. A career in agribusiness fits for candidates who can tactfully handle farmers and know their local language. The job also requires a problem-solving approach for sustaining in this sector.

Factors to consider while picking up a college for MBA (Agri-Business Management)

Pedagogy: No amount of theory can prepare one for the challenges faced in this sector. It is imperative to look for the case study methodology and practical project work in this course.

Alumni reports: Look at the profiles of alumni from the college and try to get feedback from them about the program.

Recruitment companies: In case you are looking for a job opening post this course, look for the company profiles that came for placements in the past and the kind of job positions and packages that they offered.

Prospects of MBA in Agribusiness Management

This is a sector that provides the fundamental needs of human beings - food.

Every individual is one way or the other dependent on agriculture. Hence, career opportunities and prospects in this sector are endless. Numerous educated individuals have left their well-paying jobs to attempt entrepreneurship in agriculture. While Government policies have also encouraged entrepreneurship in this field, private firms are also investing in contract farming.

Both government and private organisations have been offering agricultural research, and many companies have already introduced innovative and sophisticated technology to enhance profits.

As India is one of the largest exporters of spices and several other agricultural commodities, various export houses today need professionals with deep understanding and knowledge of agriculture sector in the country. Many companies are dedicated to introducing new systems to improve the efficiency of the business and help farmers increase their profits.