MBA in Nepal – Best Career Choice?
Studying Master’s in Business Administration (MBA) can be a tough decision and it requires some guts to take the step. Business Administration comes in the most needed course to tackle this competitive business world. One studying MBA can not only benefit the management sector, but also it is applicable in each and every aspect of life. Getting an MBA degree, starting a business on your own, building up connections in the professional world and becoming your own boss is the dream of many people.
MBA is considered the next step for your career growth. Today, students get to pursue a lot of subjects in Business administration. Management, Psychology, Sociology, IT, Taxation and many other subjects are covered while we pursue MBA. There are numerous benefits and knowledge a student can get while studying MBA. Today, MBA is not only about Business but it is a study of Life. Completing an MBA helps you to become an intellectual and logical individual. MBA is not your normal study as it consists of you getting out of your comfort zone and seeing the world.
MBA is now getting more value than ever in Nepal. If you want to move up the corporate ladder, say to the position of a manager, you’ll need an MBA degree. For better job opportunities and a stable career, all you need to do is choose a top MBA college in Nepal that will mould your personality and sharpen your management abilities. There are a lot of good colleges specialising in MBA where students can adapt to a practical environment.
How to Choose the Best MBA Program for You in Nepal?
Choosing the best MBA program for you in Nepal is a difficult task. There are many factors to consider, and it all boils down to what you want out of your MBA degree.
The first question you should ask yourself is: “Which type of MBA degree do I want?” There are three types of MBAs: general management, finance, and international business. Generally speaking, most people choose either the general management or finance track. The next question you should ask yourself is how much time and money you are willing to put into your MBA degree. This will help determine which school is best for you.
The third question to ask yourself is: “What are my career goals?” This will help determine the best school for your specific interests in Nepal.
The best MBA program for you in Nepal should be the one that will help you achieve your career goals. It should also offer relevant courses and a supportive environment.
When choosing the best MBA program for you in Nepal, it is important to consider the following factors:
- School’s curriculum (course offerings, faculty, and course ranking)
- School’s culture (student satisfaction)
- Your budget and ability to spend on your education
- Your personal interests and preferences
The 6 Best MBA Colleges in Nepal
However, among 100s of MBA colleges in Nepal, the six 6-best colleges which offer MBA courses in Nepal are described below.
1. Kathmandu University School of Management (KUSOM)
The Kathmandu University School of Management, also known as KUSOM, affiliated with Kathmandu University offers one of the best courses for an MBA in Nepal. It is one of the 7 schools under Kathmandu University that offers a postgraduate degree which takes two years to complete or four semesters and with 65 credits hours. KUSOM emphasizes case techniques, group discussion and presentations, field trips, project work assignments, etc. in addition to rigorous classroom study. KUSOM hires students in two intakes: the autumn semester (August to December) and the spring semester (February to June).
The total cost for students to study MBA in Nepal at KUSOM is around Rs. 545,000 which may fluctuate in days to come. Admission requirements include a minimum three-year Bachelor’s degree in any field, a passing score on the KUMAT admission exam, and two letters of recommendation. KUSOM has a reputation for producing professional-level management graduates, for which it becomes the first choice among almost all the academic institutions for employers to hire their employees.
2. School of Management, Tribhuvan University (SOMTU)
One of the colleges where you may study for an MBA in Nepal is the School of Management at Tribhuvan University very popularly known as SOMTU, which has highly regarded degree programs and qualified faculty members. It is situated in Kirtipur, Kathmandu in Nepal. The 60 credit-hour courses last two years and are divided into four semesters. To enrol in SOMTU, students must pass a challenging admission exam known as SOMAT and earn a minimum GPA of 45% at the bachelor’s level.
To evaluate students, analytical, verbal, and mathematical skills, the admission exam includes writing, math, and English components. Additionally, students must present on- a group conversation-specific presentation.
3. The British College
A British college that is affiliated with Leeds Beckett University in the UK offers an MBA in Nepal. In order to prepare students for a career in management, this college seeks to give them a solid foundation in leadership, business, and management. An MBA program at a British university typically costs between NPR 6-10 lakhs over the course of three years. It offers students both MBA and Executive MBA programs.
Compared to other MBA programs, the MBA at a British college is comparatively more expensive, but it offers post-study employment opportunities, the best teachers, and an international degree. The British college additionally provides M.Sc. Information and Technology, BBA, BSc in hospitality business management, IELTS lessons, and PTE courses in addition to the MBA program.
4. Ace Institute of Management
ACE Institute of management Sinamangal, Kathmandu, affiliated with Pokhara University is among one of the best MBA colleges in Nepal. ACE MBA in Nepal is viewed as a key to unlocking the professional-level business skills of the students. The program is designed in such a way that the students would easily be able to solve real-world financial problems as they will already have sound knowledge of management and accounting.
Eligibility: Ace Institute of Management has similar requirements as the other Pokhara University affiliate colleges, a student with a 3-year undergraduate degree in any domain and a bare minimum of 45% marks or 2.00 CGPA to pursue his/her MBA program at Ace Institute of Management.
4. Apex College
Apex College, Devkota Sadak, Kathmandu is affiliated with Pokhara University where the students are offered a bunch of opportunities to enhance their knowledge and skills via management education with a blend of both practical and theoretical learning. The Master of Business Administration course is also available in the evening shift for working professionals who desire to pursue their education simultaneously. Apex is among the top priority for students searching for one of the best MBA colleges in Nepal.
Eligibility: The college has similar requirements as the other Pokhara University affiliate colleges, a student with a 3-year of an undergraduate degree in any domain and a minimum of 45 % marks to pursue his/her MBA program here at Apex College.
5. Uniglobe College
Uniglobe College, New Baneshwor, Kathmandu provides a 2-year or 4 semester MBA program with 66 credit hours and includes an internship or thesis in the full-time program. All the notices and entrance exam form is published online on the official website of Pokhara University Faculty of Management(PUFOM).
Eligibility: Uniglobe College has similar requirements as the Pokhara University affiliates, a student with a 3-year of undergraduate degree in any domain and a minimum of 45 % marks to pursue his/her MBA program here at Uniglobe.
6. Purbanchal University School of Management (PUSOM)
Purbanchal University School of Management popularly known as (PUSOM) provides a 2-year or 4 Semesters MBA program with 70 credit hours and includes an internship or thesis in the full-time program. All the notices and entrance exam form is published online on the official website of Purbanchal University School of Management(PUSOM).
Eligibility: PUSOM requires a student with a 3-year of bachelor’s degree in any domain and a minimum of 45 % marks to pursue his/her MBA program at PUSOM or its affiliate colleges.
Comparison between the top MBA colleges in Nepal
Here’s a table that compares the top MBA colleges in Nepal.
|KUSOM||Balkumari, Lalitpur||5-7 Lakhs||2 years (4 semesters)||65 Cr. Hours||Kathmandu University||3 years of bachelor’s Degree|
|SOMTU||Kirtipur, Kathmandu||3-5 Lakhs||2 Years (4 Semester)||60 Cr. Hours||Tribhuvan University||3 years of bachelor’s Degree|
|The British College||Thapathali, Kathmandu||6-10 Lakhs||3 Years (6 semesters)||180 Cr||Leeds Beckett University, UK||4 years of bachelor’s Degree|
|Ace Institute of Management||Sinamangal, Kathmandu||7-8 Lakhs||2.8 Years (Tri Semester)||66 Cr. Hours||Pokhara University||3 years bachelor’s Degree with CGPA 2.0 or 45% marks|
|Apex College||Devkota Sadak, Kathmandu||7-8 Lakhs||2.8 Years (Tri Semester)||66 Cr. Hours||Pokhara University||3 years Bachelors Degree with CGPA 2.0 or 45% marks|
|Uniglobe College||New Baneshwor, Kathmandu||7-8 Lakhs||2 Years (4 Semester)||66 Cr. Hours||Pokhara University||3 years Bachelors Degree with CGPA 2.0 or 45% marks|
|PUSOM||Biratnagar, Morang||2 Years (4 Semesters)||70 Cr. Hours||Purwanchal University||4 years Bachelors Degree with 45% marks|
Online MBA in Nepal
Studying is no longer confined to schools, colleges and universities. Broadened systems and distance learning are also available these days. Education in Nepal is changing day by day, the blending of online and interactive learning materials not just in graduate schools but even in the high school’s everyday processes is bound to outlive the pandemic. The world is shifting towards the technology for which educational institutions must be getting ready in order to transform their curriculum with high-quality and robust resources created by top-notch educators from around the world?
This trend has already started in foreign colleges, however, a few colleges are providing graduate degrees such as online MBA in Nepal. Here is a list of schools that you can approach for pursuing your MBA degree online in Nepal.
- Nepal Open University (NOU)
- Gangadhar Meher University (GMU)
Scope of MBA in Nepal?
It is easy to understand why the MBA has become one of the most sought-after degrees. Most students think that MBAs are well worth the time and money spent, despite the fact that they are time-consuming and expensive. With advantages including enhanced professional possibilities, higher compensation, better networking, and expanded skills & expertise, the MBA has emerged as a leading platform to build a successful career.
Nowadays, it is common to hear the phrase ‘sharp technical person with an MBA becomes a valuable asset to any organization.’ Some of the most sought-after MBA programs are in the fields of human resources, marketing, finance, retail management, and hospitality management. Through the below-mentioned points, it will be clear to you why there is a great craze for MBA.
Builds a Powerful Network
A good network is important when you have already intended to pursue a career as an MBA in Nepal. An MBA is essentially a degree in networking. Building contacts is just as important as knowing individuals when pursuing an MBA. You can network with former students, teachers, and graduates of a certain institution. A student enrolled in an MBA program has access to the program’s substantial alumni network.
Throughout your career, this broad business network pays dividends by putting you in the first line of communication for any crucial information. Building relationships with instructors, guest lecturers, and other students might be beneficial for your future.
Helps you Build your Brand
A top B-school MBA degree has the ability to boost your respectability. It serves as a valuable branding tool and a golden feather in your cap. When you desire to increase your name's credibility, the degree becomes actually valuable. Greater managerial roles and larger wages are the end result.
Better Career Choices
Many professionals experience the same feelings from time to time and want to go to the next level. At this point, an MBA proves to be worthwhile. It can be beneficial for professionals to advance quickly from a mid-level position to a senior management position, where they will have many chances to show off their leadership abilities and make smart judgments.
Keep in mind that having an MBA can lead to opportunities that were previously closed off, while not having one can lead to significant career stagnation.
How much is the salary of an MBA in Nepal?
It is perceived that you are serious about business if you pursued an MBA in Nepal. It increases your credibility and marketability, making it simpler for you to land the job you want. It is not only about getting a desirable job but earning an MBA in Nepal also aids with career transformation. Consider it this way: you can use your MBA in Nepal as a negotiating tool to secure a better position and higher pay grade.
Here is the answer to one of the most asked questions, ‘what is the average salary of an MBA in Nepal?’ Studies reveal that people in Nepal with an MBA earn an average net pay of NPR 290,000 after 2-4 years of work experience.
MBA in Nepal – Key Takeaway
MBA graduates are expected to be professionals with an understanding of all functional areas while taking on a general management role. They must be able to handle management crises as problem solvers. They receive a thorough introduction to every part of the company before being assigned specialized general management duties.
Through theoretical instruction complemented by case-based instruction, term-paper writing, seminars, and project work to highlight the application of concepts and theories, we prepare you for a demanding professional life. Due to all these important reasons, MBA has been a craze not just in Nepal but the whole world.