What is an MBA?
What is an MBA? An MBA is a graduate degree in business administration that focuses on management, investment, and entrepreneurship. An MBA can be useful in any field that requires knowledge of business operations, such as management or investment. An MBA can help you advance your career in several ways, such as advancing your leadership skills or obtaining a new job. This course is beneficial for anyone who wants to advance their career in the business world.
There are many benefits to an MBA. Aside from career opportunities, it allows students to further their education while balancing business and humanities. An MBA can be a valuable addition to your resume. You can gain a valuable business education and apply it to a number of careers. Aside from a rewarding career, an MBA can also help you get a better job. But there are many things to know before applying for an MBA program.
A MBA program is structured around core subjects, allowing for subject specialization. In the first year, students gain knowledge about management functions and develop analytical skills. In the second year, students pursue elective courses, which may count toward their chosen specialization. After completing the coursework, many full-time MBA students complete an internship in a local business or nonprofit organization. After completing coursework, many programs end with a comprehensive end-of-year examination.
An MBA program involves coursework in various fields, including economics, business strategy, international business, and law. It may be full-time or part-time. Regardless of the duration, MBA programs typically require students to complete core business school curriculum. This course reviews and builds on the principles and concepts that students studied in undergraduate school. This coursework may include case studies, technology, and ethics. Once all coursework has been completed, the student must complete a major project report that reflects their learning.
The curriculum of an MBA program varies from school to school. Typically, students will complete 30 to 60 credit hours of coursework. Some programs allow students to waive some of the core requirements. Some schools also offer accelerated MBA programs for busy working professionals. If you need more time, consider an online MBA program. These online MBA programs often have campus libraries and provide students with an email address. They can be difficult to find, but there are many options to find a quality program.
An MBA program is a professional degree. It is a terminal degree in business. Most MBA programs are accredited, ensuring that they are of high quality. Some programs are abridged and are geared towards working professionals. Some distance-learning MBA programs are specialized and designed for busy professionals. They are a great option for those who are working full-time and do not want to miss out on the benefits of an MBA.
MBA admissions officers will look for evidence of career progression. This means that you have steadily taken on more responsibility in your current position. You may also be able to use a prior learning assessment or testing tools to show that you have some knowledge of the industry. It will save you money and time in foundational courses. It’s also helpful to know the reasons you want to get an MBA. Knowing what you want is essential when searching for the right program.
In addition to a full-time MBA program, you can earn your MBA online. Aside from being affordable, an online MBA is an academically challenging and demanding program. It’s best to choose a program that allows you to pursue your passion while working full-time. You can earn an MBA from the comfort of your home. You can also work and earn at the same time. If you’re looking for a part-time MBA, you’ll be able to balance your work and study schedule with your MBA.
What is MBA? What are the benefits? The main advantage of an MBA is that you can earn a higher salary. Its full-time MBA students are expected to make more money than those with a bachelor’s degree. There are several reasons to earn an MBA. It will increase your chances of getting a job if you have an advanced degree. You’ll be more competitive, so be sure to have a good understanding of your career goals before you apply.
MBA Subjects & Specializations
The following subjects and specializations will be covered by MBA which is the abbreviation in for Master of Business Administration
- Management principles ,
- Human Resource Management
- Managerial Economics
- Applied Statistics
- Business Communication
- Business Ethics
- Business Law
- Supply Chain
MBA full form
Let’s look at the basics of MBA. It was established in 1881. The initially established school of Business in the United States was The Wharton School of the University of Pennsylvania. In 1900, the Tuck School of Business was set up at Dartmouth College. The renowned Harvard Business School was established in 1908.
Despite the MBA long format, known being referred to as Master of Business Administration, it is among the shorter duration post graduate programs. MBA is among the most popular post-graduate programs in Management since the program can be finished within the shortest amount of time, which is one year or two years, or depending on the availability of time to complete the degree. It is also available as a part-time course. The method of instruction for MBA will be English in the top MBA programs. More than 3000 MBA programs in the world.
MBA: 1 Year & 2 Year Post Graduate Program in Management
MBA also known as MBA longer form suggests, MBA, or as the long form of it implies Master of Business Administration (MBA) is a post-graduate Degree program. MBA internationally is offered as a one-year degree program that is available to candidates who have at least two years of work experience following their Bachelor’s Degree.
In India in India, the MBA degree requires two years of degrees. The two-year full-time MBA degree programs are offered to fresh graduates, as well as those with two years of experience in the field.
The MBA that is offered by the MBA program in Europe, USA, UK, Canada, Australia, Singapore, China, Hong Kong and many more countries is also available in India at top MBA schools to students with a specific requirement of working experience in between 2 and 7 years.
University or Private College MBA
The significance of MBA The meaning of MBA in India is an MBA degree awarded by a universities MBA department or a university affiliated college, or an autonomous college that is authorized to grant an MBA degrees. Others Private Management colleges offer Post Graduate Diploma Program (PGDM) in Management. But these Diploma Management programs can be considered MBA equivalent and accepted by the regulator of technical education – All India Council for Technical Training (AICTE) MHRD, Government of India and their programs are granted MBA equivalent by the Association of Indian Universities (AIU).
It is the MBA is also called The MBA or Post Graduate Diploma with MBA Equivalence is a highly sought-after international qualification all over the world. The MBA graduate is able to continue their education as well as research and pursue a doctorate in management at any MBA school around the world. The MBA is a management degree program that is recognized globally. MBA programs, curriculum and pedagogy do not limit you to only classes in a classroom. They are designed to be mixture of classroom instruction, field visits cases studies, various kinds of interfaces with industry and internships, which aid in acquiring the managerial skills necessary to advance your career.
What is MBA Course & Curriculum?
MBA classes are split into three sections three parts “core” curriculum courses to create the foundation, and to enhance your skills in different areas of management such as marketing, human Resources operations business economics, understanding of business law, and then compulsory field trips and an industrial internships. The third part of the MBA program is choosing the courses of your choice. The specialized MBA courses are also known as elective Courses. The MBA student must choose the most specific MBA courses in order to fulfill his/her goals in the fields that include Marketing, HR, Supply Chain Operations IT/Systems, Entrepreneurship, Family Business, Finance among many others.
How to Get Admission in MBA Program?
Acceptance to International MBA Programs at the top universities is made available via GMAT, the Graduate Management Admission Test (GMAT) as well as Graduate Record Examinations (GRE) scores, transcripts, or a statement of the purpose. Letter of reference , etc. Letter of reference, etc. English is not your primary language You must prove that you’re competent in English and pass the TOEFL or IELTS exam with a good scores. It is essential to have the two years of work experience. years or more after you have completed the bachelor’s program.
To be considered for the top MBA courses in India it is recommended to take and be successful in entrance tests like the CAT, XAT and CMAT, SNAP, NMAT by GMAC and MAT among other entrance exams. A few of the best MBA schools in India define their MBA in its full version to be Masters in Business Administration instead of the MBA long form, which is a Master of Business Administration.
Top 20 B-schools in India
Government of India, Ministry of HRD introduced the National Institutional Ranking Framework (NIRF) in the year 2016. Since then the NIRF Rankins are published every year for top Indian institutes/universities in different categories including Management institutes. Although it is still awaited for the NIRF Ranking 2020 has not yet released There were Top 100 Management Institutes in NIRF MBA College Ranking 2019. of the top 20, their address and ranking score are listed below.
Top 20 Management Institutes in Government of India Ministry of HRD The NIRF MBA Rankings 2019 are:
|1||Indian Institute of Management Bangalore||Bengaluru||81.34|
|2||Indian Institute of Management Ahmedabad||Ahmedabad||80.61|
|3||Indian Institute of Management Calcutta||Kolkata||79.05|
|4||Indian Institute of Management Lucknow||Lucknow||67.29|
|5||Indian Institute of Management Indore||Indore||67.01|
|6||Indian Institute of Technology Kharagpur||Kharagpur||66.64|
|7||Xavier Labour Relations Institute||Jamshedpur||65.33|
|8||Indian Institute of Management Kozhikode||Kozhikode||64.82|
|9||Indian Institute of Technology Delhi||New Delhi||62.89|
|10||Indian Institute of Technology Bombay||Mumbai||62.74|
|11||Indian Institute of Technology Roorkee||Roorkee||62.11|
|12||Management Development Institute||Gurugram||61.89|
|13||Indian Institute of Management Udaipur||Udaipur||60.79|
|14||Indian Institute of Management Tiruchirappalli||Tiruchirappalli||59.15|
|15||Indian Institute of Technology Madras||Chennai||58.40|
|16||S. P. Jain Institute of Management & Research||Mumbai||55.67|
|17||National Institute of Technology Tiruchirappalli||Tiruchirappalli||55.57|
|18||Great Lakes Institute of Management||Chennai||55.09|
|19||Indian Institute of Management Raipur||Raipur||53.86|
|20||Symbiosis Institute of Business Management||Pune||53.56|
|20||SVKM`s Narsee Monjee Institute of Management Studies||Mumbai||53.56|
Fee Structure for MBA MBA degree
It is important to note that the MBA fee structure differs for each MBA school in India. In general privately-owned MBA schools in India have higher costs than the public MBA colleges. The fees for MBA degrees MBA degree is determined in accordance with the resources that are invested over the MBA duration, such as the hostel facilities, mess facilities and study materials, as well as student exchange programs, and industrial visits.
The average cost structure for an MBA degree at the best MBA schools like IIMs, SPJIMR, MDI Gurgaon is around between Rs 20 lakh and around Rs. 25 lakhs for the whole course. Furthermore, many other government MBA schools in India offer a minimal cost that range from Rs 50,000 to four lakhs per year.
What are the reasons to choose MBA?
MBA degree is one of the most sought-after master’s degree program in the fields of business, commerce and management. The MBA degree has a variety of options that are adaptable and accessible to students as well as professionals. The average MBA salary for graduates from India from top-tier MBA schools like IIM Ahmedabad, IIM Bangalore, MDI Gurgaon, and FMS Delhi is about 20 lakhs per year. Business and corporate organizations are in high demand for MBA positions. The pursuit of the MBA diploma in India opens the door to numerous employment opportunities.
Eligibility Criteria for MBA
The MBA qualifications for admission differ for each MBA school in India and are based on the kind of MBA courses you choose to take. However, a few of the standard eligibility criteria for all kinds of MBA courses are as follows:
- Candidates must have earned their master’s or the final year of their bachelor’s degree from any field that has at least three years.
- A few of the most well-known bachelor’s degrees include BTech, BSc, BA, BBA, BCom.
- Candidates must score at least 50% aggregate during their bachelor’s program. (60 percent in the cases for IIMs).
- Candidates must have an at least 60% on their class 12 final exams at a recognized board in India.
- Candidates must pass the entrance exam by achieving the MBA cutoffs as defined by MBA colleges.
Skills needed for MBA
After earning the MBA degree, the candidate is expected to be manager of companies. To succeed, the candidate must possess the capabilities and abilities to be an effective leader. The essential abilities needed for MBA candidates are as follows:
Management skills: A candidate with an MBA course must possess the required managerial skills to manage multiple assignments and duties. Effective management skills are essential to be successful in management since the individual is expected to take on a variety of duties in a leadership position.
Learner Skills MBA , a master’s degree program that requires students to stay current with most current business trends. The MBA degree demands that students keep their learning levels up and stay up-to-date with most recent business trends.
Analytical Skill: Aside from business and accounting, an MBA program also provides analytical abilities. To make sense of the vast quantities of data being collected by companies and organizations, MBA candidates must possess the required skills to interpret data.
Communication abilities: Aside from being capable of communicating clearly and with confidence, candidates must also have an understanding of the rules and regulations to be able to carry out their duties efficiently. MBA degree requires that students possess clear and concise verbal and written communication abilities.
Skills for decision-making:A successful MBA candidate should be able to take decisions that are in the company’s best interests. A successful MBA candidate should be able make decisions that serve the best interests of both the company as well as its investors.
The difference in MBA and PGDM
For the layperson to understand the distinction of MBA and PGDM may be difficult to comprehend. On the surface, they appear the same in terms of their curriculum and value-added, but there are some differences between them. The most significant difference lies in the fact they are different in that MBA can be described as a college degree while the PGDM is a diploma course. Additionally, PGDM programme is offered by autonomous institutions or stand-alone organizations, while MBA is provided by colleges or universities that are associated with universities. When we look at the length the MBA program lasts for two years and is split into four terms, whereas an PGDM program could last anywhere from one year to two and one-half years. These are the main distinctions in MBA as well as PGDM. To learn more about the distinctions in greater detail, you can read the article by Career360 about the distinction in PGDM as well as MBA.
MBA Admission Process
The majority times acceptance to MBA is granted by business colleges in India through entrance tests. However, some schools opt to hold their own entrance tests and grant admission based on scores.
MBA Admission is based on of merit
The admission process to MBA programs at both public and private institutions is determined by the standard of the exam administered by the government or national institutions. The MBA admissions procedure is carried out completely by means of entrance tests.
MBA Admission is based on the results of an entrance exam
Anyone who is eligible and are keen on pursuing MBA programs and courses in India must pass the entrance examinations based on the institute they’re applying to. They must also undergo different screening and interview processes prior to being selected.
National Entrance Test: There are a variety of entrance tests that are held on a National level to determine MBA admission. Some of the most prestigious national-level MBA entrance tests are the CAT, MAT, the XAT test, ATMA, CMAT, IIFT.
UET A few of the most reputable MBA colleges run different tests at the level of universities for admission to their student. The tests that are offered at the University level include NMAT/NMIMS CSAT, SNAP, IPU CET and many other.
Common Admission Test (CAT):
The Common Admissions Test or CAT is among the biggest management entrance tests held throughout India with the help of one IIM(s) in order to get MBA admission. The best MBA schools in India require applicants to take part to the CAT test for admission into their institutes. The top schools for MBA typically require scores from the CAT prior to admission. Candidates can locate below the pertinent information about CAT within the below table.
NMAT (Narsee Monjee Admission Test):
The NMAT exam is a management entrance test that is administered by GMAC on behalf of Narsee Monjee Institute of Management Studies. Candidates who pass the test and are which is followed by a group discussion and personal interviews, are given MBA acceptance to NMIMS. The pertinent NMAT information is provided in the table below:
XAT (Xavier’s Aptitude Test)
XAT is among the most well-known MBA entrance tests that is accepted by more than 170 institutions to be used for MBA admission. Some of the most prestigious universities in India accept the scores of XAT. The XAT test is administered by XLRI Jamshedpur to offer MBA admission to a variety of MBA courses. The pertinent XAT information is listed beneath in the following table below:
SNAP (Symbiosis National Aptitude Test)
SNAP also known as Symbiosis National Aptitude Online Test , also known as Symbiosis nationwide online test that is administered through Symbiosis University. Candidates who pass the exam as well as group discussion and personal interview are granted MBA admittance to one of sixteen Symbiosis colleges. The pertinent SNAP information is listed following in the table below:
IIFT (Indian Institute of Foreign Trade)
Indian Institute of Foreign Trade is regarded as one of the top schools for MBA and has the annual national entrance exam for students to three specializations provided through the institution. Candidates who pass the test, along with personal interviews and group discussion are admitted into IIFT, New Delhi. The pertinent IIFT information is given following in the table below:
The MBA cut-offs for each MBA college once the admissions process has concluded. The cut-offs’ details are included in the profile of the batch and the category and specialisation-wise rankings. The profile of the batch for MBA degree programs contains a range of aspects like their academic backgrounds, their average age, and much more. Below is a list of the top MBA schools in India. It also includes the cut-off dates for each of them.
State-level MBA Admission
In addition to national entrance tests, states also hold their own entrance tests for management to determine MBA admission. Candidates who pass the test can be admitted to any of the colleges participating in the state. The top state-level tests include MAH MBA CET OJEE MBA, TANCET APICET, KMAT and many more.
Top MBA schools that offer Popular MBA Exams:
There are a variety of MBA institutions in India have multiple entrance tests in order to select their student. A lot of MBA institutions in India accept multiple entrance tests in accordance with the criteria for eligibility and entry prerequisites.
|Indian Institute of Foreign Trade||IIFT|
|Woxsen School of Business||XAT|
Browse Best MBA Colleges Accepting CAT Score: Location-Wise
Browse Top MBA Colleges By Location:
There are a variety of top colleges that offer MBA in India that provide top-quality training and the best specialisations in line with the student’s interests. Some of these institutions are well-known due to their location in the middle of the city and close proximity to both business and industrial companies. You can search these colleges according to their locations:
The typical MBA program is essentially of two years of duration, which is split into four semesters , which includes an internship too. Here are the semester-specific MBA topics for the regular MBA course:
|Business Communication||Marketing Management|
|Organizational Behaviour||Human Resource Management|
|Computer Applications & Management Information System||Quantitative Methods|
|Financial Accounting||Managerial Economics|
|Business Research Methods||Operation Management|
|Management Science||Management Accounting|
|Economic Environment of Business||Production Operations and SCM|
|Organization Effectiveness and Change||Legal Aspects of Business|
|Business Ethics & Corporate Social Responsibility||Strategic Analysis|
|Elective Course II||Elective Course I|
|Legal Environment of Business||Digital Marketing|
|Elective Course III||Elective Course IV|
|Corporate Governance||Entrepreneurship Development|
|Elective 1||Cyber Security|
|Elective 2||Elective 3|
|Elective 4||Elective 5|
Top MBA Specializations
It is the MBA diploma is intended to offer students exposure to various disciplines of study. It is usually divided into two classes that have one specificization, and the other that has general management or business administration background. Students are usually given the choice of choosing either elective or core subjects during the first and second years, as well.
What happens after MBA?
Once they have earned the MBA degree, applicants are able to either become an employee full-time or develop their own company or pursue advanced studies. There are many firms that provide MBA jobs for those who have the right skills and prior experience.
Option 1: After having completed an MBA degree, applicants may begin working full-time employees within the corporate sector, earning the average pay of 12 lakhs annually.
2. Candidates may decide to pursue a PhD program in management or another related area.
Career options after an MBA. MBA
A lot of students choose MBA degrees to secure a job upon they have completed their studies. After completing an MBA most students find MBA work opportunities in different sectors like Human Resources, Finance, and Operations.
manager : A manager is accountable for managing an entire department, team or company. They are an individual leader and oversees the activities of its employees.
Sales Manager : The sales manager is accountable for the oversight of every aspect of the selling process. The professional is also accountable to ensure that objectives are met and profit is maximized.
Marketing Manager : Marketing managers are responsible for many responsibilities and tasks associated with marketing such as sales tasks, proposals for clients and the marketing of various products.
Human Resource manager : Human resource managers are responsible for the administration of the human resources department of an company. Their responsibilities encompass the process of recruitment along with employee relations, as well as the resolution of disputes in their professional field.
After completing an MBA program Many recruiters employ MBA new graduates to fill jobs in different sectors. MBA freshers can locate the top recruiters in various industries by utilizing different channels.
|Larsen & Toubro||Nestle|
Salary after MBA
MBA salary is contingent on the area of specialization selected by the applicant. After an MBA in India the median salary for those with the highest earnings ranges from Rs. 4,00,000 to the range of Rs. 32,00,000. The MBA specificization will determine the kinds of jobs you’ll be able to obtain in the near future. The right MBA will boost your resume and increase the chances of getting an employment. In most cases students are chosen for the marketing specialization. One of the most significant aspects that affect the pay are the MBA specializations chosen by the applicant, the experience of the candidate, their industry the institute/college where the candidate graduated and also the designation.
|MBA Specialization||Average MBA Salary|
|MBA in Finance||Rs 2,00,000 to Rs 14,70,000|
|MBA in Information Technology||Rs 10,000 to Rs 6,00,000|
|MBA in Human Resource Management||Rs 4,50,000 to Rs 15,50,000|
|MBA in Marketing||Rs 14,25,000 to Rs 20,43,000|
|MBA in Logistics Management||Rs 6,25,000 to Rs 8,50,000|
Before a candidate makes the decision to enroll in an MBA is crucial to be aware of the program’s capabilities and many benefits it offers. Many candidates from different fields are contemplating taking on this MBA Programme to boost their career paths. This is due to the fact that having the MBA degree is essential to have success in your career. There are many MBA positions available in the market with attractive MBA pay scales.