Master Of Business Administration

What exactly is an MBA?

The MBA programme is a management and marketing-focused academic programme.It addresses issues such as organisational behaviour, marketing, management principles, supply chain management, and operations management, among others.Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, and Accenture are a few of the top MBA recruiters. MBA graduates are frequently qualified for positions such as Finance Manager, Product Manager, Strategy Manager, Human Resources Manager, and other middle management positions. Students who successfully complete the MBA programme can anticipate annual salaries ranging from INR 8 lakh to INR 30 lakh.

MBA Program Overview

MBA is a two-year degree programme that can be pursued only after graduating from high school. The table below summarises the key highlights of the MBA programme:

MBA Program Highlights

• MBA is a popular course because it is open to students from all disciplines, including science, business, and humanities.
• A typical MBA programme lasts two years and is divided into four or six semesters. There are, however, some private institutes that offer one-year PGDM programmes.
• MBA programmes are available in a variety of formats, including full-time, part-time, online, and distance education. Interested candidates can also find programmes tailored to their professional experience, such as Executive MBA programmes.
• Instead of an MBA, many management institutes offer a Post-Graduation Diploma in Management (PGDM), Post-Graduate Diploma (PGD), or Post-Graduate Programme (PGP) in Management. There isn’t much of a difference between the two, aside from the recognition.
• Among all education modes, the full-time MBA is the most popular. Theory classes, practical projects, student exchange programmes, summer internships, and final placements are all part of a full-time MBA programme.
• A full-time MBA is preferred by recent graduates as well as candidates with a few years of work experience. Some colleges prefer recent graduates, while others prefer candidates with a few years of work experience.
• The Executive MBA, on the other hand, is appropriate for candidates with 5 or more years of work experience because it is designed to improve their managerial and leadership skills to maintain a competitive edge on the job market.
• For candidates who want to study while working, online MBA, part-time MBA, and distance MBA programmes are ideal.

Why Do an MBA?

The most straightforward answer is to advance your career. Given that we live in a world with fierce competition in the business world and job market, one must be equipped with managerial skills and leadership qualities in order to make multiple contributions to the organisation. Knowing how to manage a business will be advantageous if you are an expert in your field.When starting a business or changing careers, an MBA degree is a valuable asset. Some of the advantages of an MBA degree include:

• Better Job Opportunities
• Increased Pay
• Creating an Industry Network
• Improve Your Management Skills
• Improve Your Leadership Skills
• Global Business and Economic Exposure
• Development of Entrepreneurial Skills

What Are the Different Types of MBA Programs?

MBA programmes are available in a variety of modes and formats. Traditionally, Full-Time MBA programmes of two years duration have been the most popular among management aspirants; however, due to flexibility, Executive MBA and Online MBA programmes have grown in popularity in recent years. Read on for some key highlights of each MBA type:

• Full-Time MBA: Full-Time MBA is a two-year regular MBA programme. It is a residential programme that includes physical classes, live projects, semester-by-semester evaluation, a summer internship, and final placements. There are about 5000 full-time MBA colleges in India. On average, tuition fees range from INR 2 lakh to INR 25 lakh.
• Part-Time MBA: This is not a residential programme and is best suited for working professionals who want to learn key managerial skills. In part-time MBA programmes, there are no opportunities for campus placement or internships. Both public and private colleges provide part-time MBA programmes. programmes. In India, there are approximately 300 Part-Time MBA colleges. The course fee ranges from INR 1 lakh to INR 10 lakh. Learn Everything There Is to Know About Part-Time MBA
• MBA via distance: Distance MBA candidates complete the programme through remote communication and correspondence. Because it is inexpensive and flexible, the course is ideal for people with limited time and resources. There is an option to complete the course in two to five years.. In India, there are over 490 Distance MBA colleges In India, there are over 490 Distance MBA colleges. IGNOU is the most popular. Learn Everything There Is to Know About Distance MBA
• Online MBA: Because of its convenience and flexibility, this is currently the most popular mode of MBA programme. Lectures are delivered via video conferencing in Online MBA programmes, and notes, tests, and assessments are stored in a Learning Management System (LMS). Because there are no physical classes in Online MBA, one can study in one city while living in another.There are no restrictions on attendance because the lectures are recorded and saved in the LMS.. In India, there are approximately 170 Online MBA colleges, the majority of which are private institutions. Learn Everything There Is to Know About Online MBA
• Executive MBA: This programme is designed specifically for working professionals with more than five years of experience. The curriculum is similar to that of a Full-Time MBA, but it is shorter in duration (15 to 19 months). Executive MBA programmes are expensive, and some companies offer candidate sponsorship. In India, there are approximately 440 Executive MBA Colleges. Learn Everything There Is to Know About Executive MBA
• 5 year-Integrated MBA: This is a five-year dual degree programme that includes both an undergraduate and a graduate degree. After class 12, students can pursue an integrated MBA degree. Candidates who choose management as a career early on can pursue an Integrated MBA, which is a BBA+MBA or BTech+MBA programme. Top institutes such as IIM Rohtak, IIM Indore, IIM Ranchi, IIM Jammu, IIM Bodhgaya, NMIMS, Xavier University, and Nirma University, among others, offer the Integrated MBA programme. Learn Everything There Is to Know About Integrated MBA

MBA Study Abroad

To pursue an MBA abroad, candidates must take a slightly different path than usual. For MBA abroad admission, they must take the Graduate Management Aptitude Test (GMAT) as well as the language proficiency tests Test of English as a Foreign Language (TOEFL) and International English Language Testing System (IELTS). Academic requirements for MBA programmes abroad are the same as for domestic programmes, with a minimum of 50% aggregate in graduation or equivalent from a recognised university. Most MBA programmes abroad require three to five years of work experience.

Pursuing an MBA abroad is expensive. The total cost of the course could range between INR 80 lakh and INR 1 crore. The most popular countries for an MBA abroad are the United Kingdom, the United States, Canada, Australia, and Germany and New Zealand.

MBA Eligibility Requirements

The following conditions must be met to be eligible for a full-time MBA:

• Graduation in any discipline or equivalent from a recognised university is the basic eligibility criteria for MBA (full-time).
• Most institutes adhere to the graduation minimum score criteria of 50% in average or equivalent.
• Reserved category students must have a minimum aggregate score of 45 percent.
• Candidates in their final year of graduation are also eligible to apply for MBA, provided they present proof of completion of their Graduation degree within the time frame specified by the institute.
• MBA programmes are available to professionals with CA/CS/ICWAI and other degrees

MBA Competencies

A manager is expected to lead a team of professionals, so good communication and leadership skills are essential for a successful manager. Consider the following skills when applying for an MBA/PGDM:

Admissions to MBA Programs

Admission to all B-schools is typically done through an entrance exam. The test can be of the following varieties:

• National-Level Exam administered on behalf of the other participating colleges by an apex testing body or a top national B-school.CAT, MAT, CMAT, or ATMA are a few examples.
• State-Level Exam administered by a state testing body or a top state B-school on behalf of the state’s other participating colleges. For example, MAH-CET, OJEE, KMAT, TANCET, or APICET.
• For admission to its own MBA programme, the Institute-Level Test is administered. Other B-schools may accept these scores as a qualifying criterion in some cases. XAT, NMAT, SNAP, and IBSAT are a few examples.
• A university-conducted test for admission to MBA programmes offered by colleges affiliated with it.KIITEE, LUMET, and HPU MAT are a few examples.

The qualifying exam is followed by a second level screening round conducted by the college, which typically includes WAT-GD-PI. The final decision is based on the candidate’s overall performance in academics, the entrance exam, and the WAT-GD-PI.

Which are the Best MBA Entrance Exams?

MBA admission to Tier 1 and Tier 2 B-Schools is based on the results of the entrance exam. The top MBA exams that are valid for admission to various B-schools, as well as their application deadlines for the upcoming academic session, are listed below:

MBA Admissions 2022: Deadline for Applications

MBA candidates with relevant entrance test scores can apply for admission to business schools for the current academic year. Some of the most prestigious private business schools are now accepting applications for their MBA/PGDM programmes. The table below displays the application status of some of India’s most prestigious MBA programmes.

Examine the Top MBA Colleges

In terms of acceptance, the CAT and CMAT are India’s two most important MBA entrance exams. The results of these two exams are accepted by over 1000 business schools in India. Over 600 B-Schools in India accept MAT and ATMA exam scores. Check out the table below for the top MBA colleges based on entrance exam:

What is the MBA Curriculum?

MBA students are exposed to a wide range of subjects. Students in a two-year MBA programme begin with core curriculum such as Organizational Behaviour, Marketing, and Management Principles, to name a few. They are exposed to subjects such as Entrepreneurship and Business Law in their second year. MBA colleges classify these subjects as core and electives, and students can choose between the electives. Some of the subjects covered in the MBA programme are as follows:

• Marketing
• Human resource administration
• Business strategy
• Finance administration
• Management principles
• Business regulations
• Communication abilities
• Entrepreneurship
• Communication in Business
• Computer Software
• Taxation of organisational behaviour
• Retail administration
• Economics Business Environment Project Work

Semester-by-Semester MBA Syllabus

The standard MBA programme is divided into four to six semesters over the course of two years. The MBA subjects for each semester are listed below:

What are the Top MBA Specializations?

Aside from the standard MBA programme, candidates can pursue an MBA with a specialisation in a specific field. Candidates have a variety of MBA specialisation options in India. Every candidate should choose a branch or specialisation in their MBA programme because it better prepares them for specific domains such as Finance, Operations, Human Resources, Sales, and Marketing, to name a few. The following are the most popular MBA specialisations:

What are the best MBA programmes in India?

In India, there are approximately 5,000 MBA colleges. One can select an MBA college based on their interest in a specific MBA specialisation, location, fees, infrastructure, placements, and entrance exam scores. Most top-ranked and Tier-1 MBA programmes are difficult to get into due to their stringent admissions criteria. They select the best of the best, so passing the CAT or GMAT with high marks is essential.

Admission to a Tier-2 or Tier-3 MBA programme, on the other hand, is much easier. Their admission cut-offs are lower than those of the IIMs, XLRI, MDI, SPJIMR, FMS, IMT, and other prestigious institutions. Check out the top MBA colleges by location and entrance exams in the section below:

View the Top MBA Schools by Location

Although Pune and Bangalore are considered MBA education hubs, Kolkata, Mumbai, Ahmedabad, and Delhi also have some of the top ranked B-Schools. Check out the tables below for the best MBA schools by location.

What are the best MBA programmes in Mumbai?

The top ten MBA colleges in Mumbai are listed below. For a complete list, see

What are the best MBA programmes in Delhi?

The top ten MBA colleges in Delhi are listed below. See the complete list

What are the best MBA programmes in Bangalore?

The top ten MBA colleges in Bangalore are listed below. See the complete list

What are the best MBA programmes in Pune?

The top ten MBA colleges in Pune are listed below. See the complete list

What are the best MBA programmes in Chennai?

The top ten MBA colleges in Chennai are listed below. For a complete list, see

What are the best MBA programmes in Kolkata?

The following are the top ten MBA colleges in Kolkata.. For the complete list

What are the best MBA programmes in Hyderabad?

Given below is the list of top 10 MBA colleges in Hyderabad. For a complete list, see

What are the best MBA programmes in Ahmedabad?

The top ten MBA colleges in Ahmedabad are listed below. For a complete list, see

MBA Job Roles and Salary Information

An MBA degree holder is qualified for positions such as team leader and department manager. A manager’s job description includes planning, strategizing, and executing projects, leading a team, liaising with clients, coordinating with other departments, delegating work and responsibilities, and reporting to higher authorities on projects completed. The following are some of the most popular job options after an MBA, along with their corresponding salaries:

Top MBA Colleges in India for Job Opportunities

The top 30 MBA colleges in India according to the MHRD-NIRF rankings for 2021 are listed below. Also included are the average CTCs offered during the most recent campus placements.

MBA Scope: Top Companies and Recruiters

In today’s job market, the scope of an MBA is vast. MBA graduates are in high demand across all industries and domains. Most MBA institutes offer campus placement to their students upon completion of the full-time MBA programme to ensure a smooth start to their career.

MBA degree holders are employed in a variety of capacities by all organisations, large and small, private and public. The following are a few of the top companies that hire MBA graduates through campus placements:

MBA Course Frequently Asked Questions

 Q: What exactly is an MBA?

A: An MBA is a two-year postgraduate degree programme in business administration and management. The course provides knowledge and training for running a business successfully. Organizational behaviour, finance management, marketing management, operations management, human resource management, business communication, and other topics are covered.

 Q: What is the full form of MBA?

A: MBA stands for Master of Business Administration. The course originated in the United States around a century ago and arrived in India in the 1950s. The Indian Institute of Social Welfare And Business Management, or IISWBM, is India’s oldest MBA college. It was founded in 1953.

Q: What is the distinction between an MBA and a PGDM?

A: A degree is awarded to students who complete the MBA programme, while a diploma is awarded to students who complete the PGDM programme. However, the skills and training provided by a degree and a diploma are identical.

 Q: What is the best MBA programme?

A: All MBA courses or specialisations provide excellent opportunities for students interested in business management. However, the best MBA programme is entirely dependent on the candidates and their interests.MBA programmes in Sales and Marketing, Operations, Human Resources, Finance, and Information Technology are among the best in India.

 Q: What are the best MBA programmes in India?

A: The IIMs of Ahmedabad, Bangalore, and Calcutta are among the best MBA programmes in India. Apart from these three, FMS Delhi, SPJIMR, IMT Ghaziabad, JBMIS, NMIMS, IBS Hyderabad, GIM Goa, GLIM, and others are available. Click here for a list of all top MBA colleges in India.

 Q: What are the MBA eligibility requirements?

A: The graduation requirement is the MBA eligibility criteria. Many colleges, however, require minimum aggregate marks in Graduation (50 percent for general candidates and 45 percent for SC/ST candidates) or equivalent from a recognised university.

Q: How do I get into an MBA programme?

A: The MBA application process consists of an entrance exam, a group discussion, and a personal interview. Many colleges only admit students based on their graduation grade. To be admitted to an MBA programme, candidates must fill out an application form and go through the admissions process.

 Q: Do I have to take an entrance exam for MBA admission?

A: The majority of Tier-1 and Tier-2 MBA institutes in India accept candidates based on their MBA entrance exam scores. So, if you want to pursue an MBA from a reputable MBA college, you must take an entrance exam.

Q: How long is the MBA programme?

A: The MBA programme lasts two years and is divided into four semesters. This course includes a summer internship after the first year. Candidates are given the opportunity to participate in the placements process in their final year to begin their career.

 Q: I have a Bachelor of Arts. Which MBA concentration is right for me?

A: Human Resources, Sales & Marketing, Tourism & Hospitality, Advertising & PR, Entrepreneurship, and General MBA are the best MBA specialisations for Bachelor of Arts degree holders.

Q: Can I get an MBA by correspondence?

A: Yes, many universities, including IGNOU, Annamalai University, and Osmania University, offer correspondence MBA programmes (distance education mode). Many private universities also offer online MBA programmes that you can enrol in.

Q: Will I get a good job after finishing my MBA programme?

A: Yes, most MBA programmes offer students job placement at the end of the programme. Check to see if the college you want to attend has a placement cell to ensure you get a job. Check out its placement reports to find out which companies participate in campus placement.