M.B.A. stands for Master of Business Administration. It is a Postgraduate Degree Course whose area of expertise is studying the various aspects of a Business Set-Up. Business Administration is the process of managing all the aspects of a business to enhance and/or improve the growth and stability of a Business Enterprise. It is normally a 2 years program with 2 or more Semesters varying as per the institute’s policy.
The M.B.A. course strengthens the theoretical, analytical and applied knowledge base of Business Administration. Master of Business Administration Degree is one the most sought after Degree which a candidate belonging to any stream can achieve. The IIM and other autonomous business schools offer a Post-Graduate Diploma in Management (PGDM) or Post Graduate Programme in Management (PGPM) which is recognized in India as similar to an MBA degree. Government accreditation bodies such as AICTE established that autonomous business schools can offer only the PGDM or PGPM, whereas a post-graduate degree can be awarded by a university-affiliated colleges, in two-year full-time program. The curriculum of the PGDM or PGPM and MBA degrees are equivalent, though PGDM or PGPM is industry-oriented and mainly focuses on building soft skills. However, a PGDM or PGPM holder cannot pursue Ph.D. since it is not recognized. Non-government accredited Business Schools have mushroomed up owing to the popularity of Business Administration. 1 year fast-track programs have also proliferated in India, especially for candidates with work experience. Such programs are commonly known as Post Graduate Programme (PGP) in Business Management. Major types of M.B.A.
General MBA – The general MBA courses provides study on all aspects of management and is as such often referred as ‘Holistic Management Science’. After, the First Year, a candidate can take up a specialization of his choice and understanding in the Second Year. General M.B.A. provides a much wider base of knowledge and enables one to shift in other sectors as well.
Specialized MBA - Specialized MBA provides a specialisation in various branches of Business Administration like Retail, Infrastructure, Agriculture, Banking Finance Insurance etc. These courses provide a focused study on certain skills meant especially for the creating industry ready professionals for aforesaid specialisations.
Super Specialised MBA - Apart from the above mentioned courses, a new breed of M.B.A. is cropping, example - Super-Specialized MBA offered by ICoFP Business School in association with Gauhati University. It is 2 Year Industry Integrated fulltime MBA Course. Then there is M.BA +++ (Triple Plus) provided by International School of Management & Technology. There is also an M.B.A. Plus Program (also referred as Super-Specialized MBA) offered by Chronicle Business Academy.
Eligibility for M.B.A.
Admission to any of the IIM (Indian Institutes of Management) schools requires passing Common Admission Test (CAT), however other business schools requires passing either CAT, XAT, GMAT, JMET or MAT each of which qualifies candidates for entrance into any management institutions in India, apart from these entrance tests there are few business schools which conducts aptitude test individually which qualifies candidates for that particular business school.
The short listed candidates of the IIMs and some other leading management institutes are expected to write essays.
Group discussions and personal interviews are also conducted generally to determine the personality traits and communication skills of the candidates. For many management colleges in India, Admission: Many B-schools offer admission to a candidate on the basis of the cumulative scores of the Entrance Exam, GD/PIs, and sometimes work experience.
Master of Business Administration Subjects
Fundamentals of Accounting.
Strategy and Marketing Management.
Organizational Behaviour and Managing Human Resources.
Entrepreneurship and Business Planning.
Master of Business Administration Specialisations
On the basis of Mode of Education and Course Curriculum, M.BA. in India can be categorized into the following segments:
1. Full-time MBA - A full-time MBA usually comprises 4 semesters, inclusive of dissertation and project work, industrial exposure and summer internship. The students take up their respective major and minor specialization subjects. The choice of specialization subjects generally include: Marketing, Finance, Human Resources, Operations and Logistics, Information Technology, Systems, International Trade and Business, Consumer Behaviour, Risk Management and many others.
2. Executive MBA – As the name suggests, Executive MBA is especially designed for working executives so that they can pursue their career along with acquiring a degree. It is also referred as EMBA. This program enables the executives, business professionals and managers of various organizations to enhance their careers and look for growth prospects. It provides professionals further updation in their managerial skills. The course curriculum is focussed on personal development, inter-relationships that exist between various business operations and teaches the candidates to take up a scientific approach while dealing with various aspects of business and handle responsibilities of senior management efficiently. As such it is different from a Regular or Full Time M.B.A.
3. Part-time MBA – Though anybody can pursue it, these are meant for all those who cannot pursue Full-Time due to shortage of time and various other reasons. People who pursue it are mostly working people. Various business schools offer these courses. The syllabus and course duration of the Part-time MBA is also different from other types of M.B.A.’s
4. Distance Learning MBA – Distance Learning is like Correspondence, one doesn’t need to attend classes or attend a few classes in a year and appear for examinations. Study material can be home delivered literature in the form of paper material, television programmes, CD/DVD, e-mail etc. Most of the Business Schools and Universities have Department of Distance Education which offer these courses. The syllabi and course duration is different from other types of M.B.A.’s
5. Online MBA - Online MBA is essentially offered by means of Internet. Apart from Online lessons via face to face instruction and other forms of virtual study, Conventional Study material as mentioned above maybe provided as well. The course curriculum and duration is different from other types of M.B.A.s .
A few of the Institutes providing such courses are:
UBS : The Sampuran Prakash School of Executive Education
Global Institute for Corporate Education.
Note: Targetsudy.com is not responsible for the authenticity of the above mentioned institutes; these have been provided to create awareness about such courses.
Part Time, Distance Learning and Online MBA courses offer flexibility to the students to study according to the availability of time they have at their expense. Executive MBA, part time MBA, distance learning MBA and even online MBA courses are increasingly becoming popular in India as they are cheaper as well.
Note : There is Controversy regarding the Part Time courses. Though these are being provided by various Institutes, there is a Notice by AICTE that it will “not permit any technical education programme to be run as either evening or part-time programme in any technical institution” as per Business Standard’s -March 7, 2011 Edition Report.
MBA – General (full-time) Course Structure and Regulations - Faculty of Management Studies, University of Delhi
The Master of Business Administration Programme is divided into two years. Each year consists of 2 semesters.
PART I: FIRST YEAR
Semester - 1
Semester - 2
Human Resource Management
Information Technology Management
Organization Effectiveness & Change
Economic Environment of Business
Production & Operations Management
Management of Information System
At the completion of the First 2 Semesters of the First Year and before the commencement of the Third Semester in the Second Year, the student is required to undergo summer training in an organisation. A report based on the summer training shall be submitted within 4 weeks from the commencement of the Third semester.
PART II: SECOND YEAR
Admission to Part II Second Year of the programme shall be open to only those students who have cleared successfully at least twelve papers out of the sixteen papers offered during First Year of the programme comprising of 1st and 2nd Semesters taken together. However, each student would have to clear the remaining papers while studying in Second Year (Part II).
The schedule of Second Year (Part II) Examination shall comprise of two semesters: Semester 3 and Semester 4. The schedule of papers during Second Year of the programme shall be as follows:
Semester - 3
Semester - 4
Business Ethics & Corporate Social Responsibility
Legal Environment of Business
International Business Environment
*During Semester 3 of Part II of the programme, in addition to the three compulsory papers, a student shall have to choose five elective courses from the list of optional papers announced at the beginning of Semester 3.
In addition, a student is required to choose 5 electives
LIST OF ELECTIVE COURSES
AREA -1: FINANCE
Quantitative Analysis of Financial Decisions
Security Analysis & Investment Management
International Financial Management
Management of Financial Services
Management Control System
Project Planning, Analysis & Management
Fixed Income Securities
AREA - 5: ENTREPRENEURSHIP
Entrepreneurship, Creativity & Innovation
Family Business & Entrepreneurship
Financing the Entrepreneurial Business
Managing the Growing Business
AREA - 2: MARKETING
Sales Force Management
Sales Promotion Management
Advanced Research Techniques in Marketing
AREA - 6: INFORMATION TECHNOLOGY MANAGEMENT
Business Process Re-Engineering
System Analysis and Design
Strategic Management of Information Technology
Database Management Systems
Managing IT-Enabled Services
Network Operations, Management & Security
AREA - 3: OB & HRM
Management of Industrial Relations
Human Resource Planning and Development
Manpower Development for Technological Change
Cross Cultural and Global Management
Training and Development
Managing Interpersonal and Group Processes
Counselling Skills for Managers
Human Resource Development: Strategies & Systems
Leadership, Power & Politics
Negotiation, Persuasion & Social Influence Skills
Personal Power & Leadership through Asian Values
AREA - 7: SERVICES MANAGEMENT
Management of NGOs
Hospitality Operations Management
Civil Aviation Management
Service Operations Management
Total Service Quality Management
AREA - 4: PRODUCTION & OPERATIONS MANAGEMENT
Advanced Operations Management
Total Quality Management
Environment and Safety Management
Modelling in Supply Chain Management
Decision Models and Optimization
Quantitative Analysis of Risk and Uncertainty
Production Planning and Control
Supply Chain Management
Technology, Innovation and New Product Management
AREA - 8: CONTEMPORARY ISSUES*
* Before the beginning of an academic year a maximum number of three courses on contemporary issues may be announced by faculty members as optional courses to be offered during the coming academic year under intimation to the University.
Note: Students will receive an input of 45 (class) contact hours in each paper. In addition, students are also required to undertake a variety of practical assignments and group work under the supervision of the faculty in every paper.
SCHEME OF EXAMINATIONS
English shall be the medium of instruction and examination. Written Examinations shall be conducted at the end of each Semester as per the Academic Calendar notified in advance. Each course will carry 100 marks of which 50 marks shall be reserved for internal assessment and the remaining 50 marks for written examination to be held at the end of each semester. The duration of written examination for each paper shall be three hours.
The internal assessment marks shall be based on factors such as: Participation in case studies/ discussion, seminars and group activities; Class tests, quizzes and mid-term tests; Submission of written assignments, term papers and viva-voce.
The weightage given to each of these factors shall be decided and announced at the beginning of the semester by the individual teacher responsible for the paper, and the marks obtained shall be made open to the students and also shown separately in the mark sheet.
The scheme of evaluation of Project Study shall be as follows:
(a) The Project Study shall commence from the third semester and report shall be submitted towards the end of the fourth semester.
(b) The written part of the Project Study shall account for 50 marks and the viva-voce to be conducted by a duly constituted examination board for 50 marks.
The minimum marks for passing the examination for each semester shall be 45% in aggregate and a minimum of 40% marks in the semester-end examination in each paper.
However, a candidate who has secured the minimum marks to pass in each paper but has not secured the minimum marks to pass in aggregate or has secured the minimum marks in aggregate but has not secured the minimum marks in the semester-end examination in any paper/s, may reappear in that/ those paper/s in the concerned semester in order to be able to secure the minimum marks prescribed to pass the semester any time during the Span Period of the programme.
To be eligible for promotion to the Second Year (Part II) of the programme, a student must clear successfully at least 12 papers out of the 16 papers offered during the first year of the programme. However, he/ she will have to clear the remaining papers while studying in Part-II of the programme.
Eligibility for promotion to the Second Year of the programme will be contingent on the student successfully completing summer training.
The degree shall be awarded to the successful students on the basis of the combined results of Part-I and Part-II in the first year and second year examinations as follows:
Candidates securing 60% and above : First Division
Candidates securing above 50% but less than 60% : Second Division
All others : Third Division
A candidate who has secured the minimum marks to pass in each paper but has not secured the minimum marks to pass in aggregate or has secured the minimum marks in aggregate but has not secured the minimum marks in the semester-end examination in any paper/s, may take re-examination in that/ those paper/s in order to be able to secure the minimum marks prescribed to pass the semester any time during the span period of the programme.
A student shall be allowed to re-appear in any paper in any semester. However, the total number of attempts in a Paper shall not exceed four during the span period of the programme
Special Provision: However, a special chance will be given to students who fail in Semester-4, Part II, to reappear in a maximum of two papers of Part II in the month of August/September immediately after the declaration of Final Semester results so as to enable them to clear the remaining papers of Semester-4 before joining their respective jobs.
The span period of the programme is four years from the date of registration in the programme.
A student to be eligible for award of degree has to clear all the papers offered during the two year programme within the span period.
No candidate shall be considered to have pursued a regular course of study unless he/she is certified by the Dean, Faculty of Management Studies, University of Delhi, Delhi to have attended 75% of the total number of class room sessions conducted in each semester during his/her course of study. Any student not complying with this requirement shall not be allowed to appear in the semester examinations. However, the Dean may condone the required percentage of attendance by not more than 10 percent during a semester.
A student not allowed to appear in the preceding semester examinations due to shortage of attendance, may appear in the papers of the preceding semester along with the papers of the current semester after making up the shortfall in the attendance. No remedial/ special classes shall be arranged by the Faculty for the purpose of making up the attendance shortfall.
Those who want to utilise their skills and qualifications for advancing in their management career to the fullest can pursue Masters in Business Management. Business men of various industries can also pursue Master Degree in Business Administration to remain updated in accordance with changing business scenario.
How is M.B.A. Course Beneficial?
There is huge demand of talented and hard working people in the corporate sector these days. It is here that the M.B.A degree comes in use which can satisfy ones' enthusiasm and hunger for success.
M.B.A. Degree is considered as a 'Career Accelerator' and M.B.A. graduates usually command higher salaries across a number of industries.
M.B.A. has the potential of making a person into a top entrepreneur and there by become a leader in an emerging field.
M.B.A provides the opportunity to explore various Business related avenues and one can develop ones' business knowledge and technical skills.
Master of Business Administration Jobs
The impact of privatization and liberalization has increased the need for managers in business establishments across all the sectors of the economy and those with an MBA degree from a reputed business school in India are the real beneficiaries of the changes brought by the globalization of India's market economy.
Account Manager, Card Payments Operations Head, Vice President - Investment Banking, Administrative Officer, Human Resource Managers, Marketing Managers
Management Consultant, Human Resource Managers
Brand & Marketing
Brand Manager, Marketing Manager, IT Services Marketing Head
Administrative Officer, Trainer
Equity Research Analysts, Recruitment Manager, Administrative Officer, Human Resource Managers
Project Managers, HR Generalist Business Partner, Zonal Business Manager, Administrative Officer, Finance Managers, Marketing Managers
Recruitment Manager, Lobbyist/Organizer
Labour Management Relations Specialist, Research and Development Managers