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Duration 2 Years |
Level Post Graduation |
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Type Degree |
Eligibility Graduate or Equivalent |
MBA - Master of Business Administration
MBA programs are among the most popular postgraduate programs in India and throughout the world. MBA stands for Master of Business Administration. The MBA program is an academic degree that focuses on management and marketing. It addresses issues such as organizational behavior, marketing, management concepts, supply chain management, and operations management, among others.
Most management-level positions in all domains and sectors demand an MBA, which is why a large number of BTech, BBA, BCom, BA, BSc, and BCA graduates may now study for an MBA following graduation.
Students must usually have a 50% average in their undergraduate degree from any discipline in order to be eligible for MBA courses.
MBA admission is accomplished by entrance examinations such as the CAT, MAT, XAT, GMAT, and others, followed by a round of personality evaluations (Group Discussion or GD, Written Ability Test or WAT, and Personal Interview or PI). IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, FMS Delhi, XLRI, and ISB are among the top MBA universities in India that accept admission using these examinations.
GMAT is useful for people who desire to pursue MBA in another country. The CAT is the most popular and hardest MBA admission test in India. Over 2 lakh candidates take the CAT test each year to get admission to IIMs and other B-Schools that recognize the CAT result.
MBA Syllabus
The MBA curriculum varies greatly based on the program version and university. It is a two-year degree program that encompasses a wide variety of multidisciplinary Management topics.
MBA Syllabus: Semester-I
MBA Syllabus: Semester-II
MBA Syllabus: Semester-III
MBA Syllabus: Semester-IV
MBA Eligibility Criteria
MBA Entrance Exams
Throughout the year, numerous MBA entrance tests such as CAT, XAT, MAT, NMAT, GMAT, and SNAP are held. Top MBA institutions in India pick students based on the results of these entrance tests. We recommend that you read the specifics of these MBA Entrance Exams to obtain a good idea of the MBA eligibility requirements, as well as the MBA fees and cut-offs, and then prepare appropriately.
MBA Admission Procedure
All of the top MBA universities have one or more separate elements that influence MBA entrance eligibility and a different MBA admission method.
Although the MBA admission procedure in India is nearly identical for all of the top MBA institutions, the variation is the approval of MBA entrance exam scores. IIMs, for example, accept the CAT test score, XLRI accepts the XAT exam score, NMIMS accepts the NMAT exam score, Symbiosis accepts the SNAP exam score, IIFT accepts its own IIFT entrance exam score, and so on.
Despite accepting results from various MBA entrance tests, the other two parts of the admission process, namely shortlisting and final admission round, are mostly comparable and are done independently by each B-school.
MBA Fee Structure
The fee for an MBA degree varies across the country depending on a variety of factors.
MBA tuition typically ranges between INR 10-25 lakh depending on the college, yet there are a few incredibly prestigious top universities where the course tuition is far less than INR 10 lakh, such as FMS Delhi and JBIMS Mumbai.
Various Modes to Pursue MBA
MBA in India may be classified into the following categories based on the Mode of Education and Course Curriculum:
Full-time MBA - A full-time MBA typically consists of four semesters, which include dissertation and project work, industry exposure, and a summer internship. The students study their main and minor specialized disciplines.
Part-time MBA - While anybody can study it, it is intended for people who are unable to pursue Full-Time owing to time constraints or other factors. People who pursue it are generally employed.
MBA Distance Learning - Distance Learning is similar to Correspondence in that one does not need to attend courses or only a few classes each year and sit for exams. Home-delivered literature in the form of printed material, television shows, CD/DVD, e-mail, and so on can be used as study material.
Online MBA - An online MBA is mostly provided over the Internet. The course content and duration vary from those of other forms of MBA.
Executive MBA - As the name implies, the Executive MBA is specifically created for working executives who want to advance their professions while still earning a degree. It is also known as an EMBA. This program enables executives, business professionals, and managers from a variety of businesses to further their careers and seek new opportunities.
MBA Specializations
Business Analytics - As the desire for big data specialists grows, so does the value of MBA concentrations in Business Analytics. Business analysts make data-driven suggestions to assist bridge the information technology-business divide.
Data Analytics - Data analytics is the process of using data to solve and forecast business problems. This involves applying machine learning algorithms to text, photos, video, and audio (essentially, any type of data) and drawing various conclusions.
The primary distinction between business analytics and data analytics is that data scientists do more rigorous data analyses, whereas business analysts are more active in addressing business problems and offering solutions. An MBA with a specialty in data analytics will teach you all you need to know about data infrastructure, testing, machine learning, and decision-making.
Digital Marketing - As digital media continues to flourish, more and more traditional marketing strategies will migrate to the internet and digital platforms. Everyone utilizes digital platforms in some fashion, from large corporations like Apple and Nike to little convenience stores. This has resulted in an increase in demand for digital marketing specialists, which is expected to continue at a quick rate.
An MBA with a focus on Digital Marketing would enable you to explore more in-depth aspects of digital marketing such as content marketing, social media marketing, email marketing, and so on. You'll also gain a variety of skills that may be used for marketing and sales jobs in both B2C and B2B organizations.
Entrepreneurship - The need for management and leadership professionals who can successfully manage a business is increasing. Whether you want to start your own business or advance in your current position, an MBA with a specialty in Entrepreneurship is the right match for you. This curriculum focuses on providing students with innovative thinking skills as well as the necessary techniques to attain their goals.
Finance - An MBA in finance is one of the most popular MBA concentrations due to its high development potential. Without adequate accounting and oversight, no business can develop. As a result, experts trained in financial management are necessary to plan and handle any organization's financial resources. If you have a bachelor's degree in Commerce, Humanities, or Science, or if you have done CA / CS / ICWA / Engineering and want to pursue a career in financial management, you can pursue an MBA in Finance. The course has no age limit, although it does require a fast grasp of numbers.
Health Care Management - It is a well-known course that focuses on the most important concerns in preventative healthcare, pharmaceutical management, therapy, and hospital administration. It also covers the health insurance specialty and offers better job opportunities.
Earning an MBA in healthcare administration may be one of your finest alternatives if you are a self-starter, strategic thinker, and natural leader. From the perspective of healthcare, the degree examines critical elements such as business ethics, accounting, law, leadership, marketing, and budgeting.
Human Resource Management - Hiring new personnel and training them for optimal commercial advantage is one of an organization's most critical procedures. An MBA with a specialty in Human Resource Management teaches students about workforce management, pay techniques, performance evaluation, and much more.
If you have good organizational abilities and an interest in the most sensitive 'human' side of a business, an MBA in HRM is an excellent choice. It instills in you the necessary skills, knowledge, and sensitivity required for efficiently and successfully handling fundamental business and human resource-related difficulties.
International Business - Most businesses have clientele all around the world. As a result, there is a significant need for individuals who understand how other nations' law works and how cultural differences might affect a firm.
For students who want to work worldwide, an MBA with a focus on International Business is a popular option. This curriculum will assist you in developing a global perspective on commerce, being more open to various cultures, and honing your communication skills.
Operations - One of the fundamental cornerstones of every firm is operations. Candidates who wish to operate a firm efficiently and successfully should pursue an MBA with a concentration in Operations. You will learn about several ways of managing and organizing businesses to maximize production. This specialization's standard curriculum comprises business forecasting, operational and supply chain management, project administration, and managerial economics.
This MBA specialty is suitable for someone with strong analytical and organizational skills. It is one of the best MBA programs, producing experts that serve as the backbone of a company's day-to-day operations. They aid in the timely and cost-effective delivery of high-quality goods and services.
Risk Management - Because of volatile markets, liability difficulties, cybercrime, and other factors, every firm is vulnerable to organizational risks. In today's data-driven age where everything is moving online, there is a great demand for specialists who can handle such issues.
When you study for an MBA in Risk Management, you will be able to effortlessly flourish in the management sector due to your exceptional observational skills, problem-solving abilities, and strategic planning. An MBA concentration in Risk Management helps students to identify possible hazards that might influence an organization's operations and value propositions and to apply risk-mitigation measures.
Strategy - An MBA with a specialty in Strategy is a popular option since it is a highly transferable talent that is applicable to practically every industry. This implies it will provide you with a larger competitive advantage in the employment market. Because strategy focuses on what was popular at the time and how to capitalize on it, this MBA specialty is useful for people working in developing professions such as marketing or human resources.
Other Specializations include-
There is an MBA specialty available for practically every sector. Choosing one out of many becomes daunting as a result. Each offers its own set of advantages, but you must select one depending on your interests and skills, as well as your future job possibilities. While typical two-year MBA programs are quite popular, short-term PGDM programs have grown in popularity because they provide more exposure to real-world business problems.
Skills Required for MBA
The following are the competencies necessary for the MBA course:
Other traits and abilities that will assist a candidate in becoming a strong MBA candidate include ethics and integrity, a love for the dream, a desire to pursue, motivation, and disciplined conduct.
MBA Top Colleges
The MBA degree is offered by numerous universities in India. Some of the best public and private institutions are mentioned below for your consideration:
Top Public Institutions
Top Private Institutions
MBA Scope - What after MBA?
After finishing their MBA studies, one can pursue a variety of jobs and careers based on their interests. Private equity, investment banking, management consulting, and other jobs are just a few examples of what an MBA might lead to.
1. Banking and Finance
Banking and finance may be a suitable fit for you if you are proficient in security and investment research, portfolio management, and so on. MBA graduates can find work in banks, insurance companies, security organizations, and other financial institutions in India and throughout the world.
Bank posts are available in both public and private entities. To work in public sector banks, students must pass the recruiting tests offered by the various banks. Students interested in working for private banks must go through a bank-led selection process that involves group talks, personal interviews, written aptitude tests, and other similar activities.
2. Investment Banking
An MBA in investment banking is in high demand. Investment banking should be a career option for you if you feel you are proficient at making financial judgments and know how to achieve a profitable return on investment. Employees in this industry are in charge of connecting investors with NGOs in need of funding.
3. Management Consulting
If you are good at problem-solving, management consulting is an excellent career path following an MBA. Management consulting professionals are in charge of fixing organizational problems.
You will also be in charge of putting new ideas and problem-solving tactics into action. Your management skills will be useful in this field, and you will be able to apply what you learned while studying for an MBA.
4. Entrepreneurship
Following an MBA, the best work choice is to start your own business. One of many MBA students' principal goals is to become entrepreneurs. Indeed, being an entrepreneur is one of the most popular options for MBA graduates.
MBA programs enhance not just your business management skills, but also your creative and inventive thinking. After receiving an MBA, you will be able to apply all of these principles to your own business and become an entrepreneur.
5. Data Analyst
Data analysts are in high demand as technology progresses and the digital world joins the business sector. Retail, management, e-commerce, banking, and information technology are all in need of data analysts.
Several management institutions also provide expertise in data analytics, which opens up a plethora of work options following an MBA.
6. Private Equity
A person's investing ability and knowledge are vital in a job profile associated with private equity, just as they are in investment banking. Among the well-known companies that provide work after MBA for private equity jobs are Fullerton, Fidelity Investments, Axis Securities, JP Morgan Chase, Kotak Wealth Management, Bajaj, ICICI Prudential Asset Administration, Indiabulls Housing Finances, and others.
Career Options Following MBA?
MBA is more than just a course; it refines and rebuilds your entire personality, from enhancing interpersonal skills to discovering latent qualities. You will also strengthen your presentation skills, face real-world business difficulties, and develop a problem-solving strategy.
Both the PGDM and the MBA courses provide roughly the same career opportunities. Because there is no discernible difference between the two, after finishing a PGDM or MBA, both diplomas and degrees qualify you for the same career. The curriculum for both courses is essentially identical. MBA programs are affiliated with colleges and adhere to a very rigid academic schedule. PGDM programs at business schools, on the other hand, provide a customizable curriculum that is geared to market trends.
Higher Studies - What is the Best Course to Take After MBA?
Following an MBA, you can pursue a range of short-term courses to gain expertise in a lucrative field. Here is a list of the top 5 short-term MBA courses:
Financial Risk Management (FRM) - Financial Risk Management (FRM) is a globally recognized degree offered by the GARP (Global Association of Risk Professionals) that is intended to equip students with risk management skills. The primary goal of the course is to educate you on how to handle credit risk, liquidity risk, market risk, and non-market financial risks. Because of the multiple opportunities it gives, FRM has become one of the most popular degrees after the MBA. This course can be pursued in two ways: by enrolling in a degree program or by taking the FRM exam.
Certified Information Systems Auditor (CISA) - The Information Systems Audit and Control Association's (ISACA) CISA certification program provides a platform for professionals wishing to further their careers in Information Systems, Auditing, and Security. You must pass an exam to acquire the certificate, which is given in June, September, and December of each year. An applicant must also fulfill the work experience requirements and complete the continuing education course. An IT auditor's responsibilities include conducting extensive audits of the company's information architecture, supervising information management, keeping systems up to date, and monitoring whether IT activities are in compliance with various regulatory standards.
Chartered Financial Analyst (CFA) - Though you may pursue the CFA course after graduation, it is currently one of the most popular post-MBA courses. A student must finish all three levels of the course to become a certified analyst. Equity investing, business ethics, corporate finance, portfolio management, alternative investments, and other topics are among those addressed in the CFA Level 1 and CFA Level 2 tests. Once completed, you will be able to find work as a Financial Strategist, Analyst, Consultant, Portfolio Manager, and other professions.
Doctor of Business Administration - A Doctor of Business Administration degree will provide you with the skills needed to transform theory into reality, allowing you to pursue opportunities beyond research and higher education. If you wish to pursue academics, the degree will qualify you for top executive positions in either university-level teaching or business. Many DBA courses are specifically designed to give students with networking opportunities in addition to jobs.
Ph.D. in Management - A Ph.D. in Management is a research-focused degree that focuses on teaching and honing the fundamentals of business management as well as the leadership skills required in this sector. You will be in charge of overseeing, managing, leading, planning, and organizing business activities. Understanding business problems in an ever-changing environment is central to this course. The course should span 4-5 years, with you expected to spend your entire time researching starting in the third year.
Jobs After MBA
Top MBA recruiters all around the world seek to hire MBA graduates based on their skills and expertise. According to a Times of India story, amid the economic crisis and a growing epidemic, MBA graduates' employment has greatly increased. In actuality, it is 50-60%, the highest of any professional degree such as BTech, BPharma, and so on. Top recruiters like MBA grads can guide a company in the right direction.
Among the top MBA, recruiters are Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, and Accenture. MBA graduates are frequently qualified for jobs such as Finance Manager, Product Manager, Strategy Manager, Human Resources Manager, and other middle management positions. Graduates of the MBA program may expect to earn between INR 8 lakh and INR 30 lakh per year.
MBA Salary
Money can't buy happiness, but a greater payroll wouldn't make you unhappy, would it? Though MBA wages vary depending on the job type, different places are known to give varying pay based on the cost of living and market worth.
In India, the average salary after 5 years of experience or for a newcomer is between Rs. 5,00,000 and Rs. 8,00,000 per year.
The average annual salary for an MBA graduate with more than ten years of experience in India is Rs. 10,00,000 - 18,00,000 in India.
Senior executives might earn between Rs. 30 and Rs. 55 lakhs per year.
If you have the necessary skill set and are willing to stay current, your career is projected to flourish indefinitely. There are many MBA positions available in India, but only under particular conditions. This is especially true given that an MBA pay in India is directly or indirectly related to how upskilled and current they are. As a result, you may have heard certain myths and misconceptions about MBA degree salaries. It should be highlighted that, notwithstanding an MBA, industry experience is quite important in determining salary.
MBA Top Recruiters
A list of the top recruiters that hire Management graduates is presented below:
