What is MBA ( Master of Business Administration)
The Master of Business Administration (MBA) is a professional master’s degree that combines business management and administration. Business knowledge and leadership abilities are developed in master of business administration programmes. This degree has been offered for more than a century. Together with IIMs, numerous top management colleges in India provide the MBA, one of the most well-liked degrees in the world.
Students who have earned their diplomas in any discipline may pursue the two-year, full-time Master of Business Administration programme. Students can enroll in a variety of MBA programmes, including Executive MBA, Online MBA, Part-Time MBA, Distance MBA, and Integrated MBA. These MBA programmes’ MBA course lists may include a variety of subjects, including, but not limited to, organisational behaviour, supply chain management, finance, sales and marketing, management concepts, and operations management. Students can also pursue a variety of MBA specialisations in fields like information technology, sales and marketing, business analytics, and human resource management.
Highlights-MBA ( Master of Business Administration)
| Particulars | Details |
|---|---|
Name of the Course | MBA |
Course Level | Postgraduate |
MBA Course Duration | Two years |
MBA Eligibility Criteria | Candidates must pass a bachelor's degree in any specialization from a recognised university with a minimum aggregate of 50 per cent (In the case of IIMs, it is 60 per cent). |
Admission and Entrance Examinations | CAT, MAT, XAT, ATMA, CMAT, GMAT, NMAT |
Top Colleges | IIMs, MDI Gurgaon, FMS Delhi, SPJIMR Mumbai, XLRI |
Similar Specialisations | MBA in Finance, MBA in Sales, MBA in Human Resources, MBA in Marketing, MBA in Business Analytics, MBA in Digital Marketing |
Average MBA fees | Government MBA colleges: Rs 50,000 to Rs 4 lakh
Private MBA colleges: Rs 20 lakh to Rs. 25 lakh |
Carrers | Manager, Sales Manager, Marketing Manager, HR Manager |
Top Recruiters | Google, Deloitte, NTPC, Citibank, ITC, Vodafone, Larsen & Toubro, Nestle Flipkart, Microsoft Amazon, Wipro, PwC |
MBA Eligibility
The requirements to apply for an MBA degree vary depending on the type you choose. The normal MBA eligibility requirements are as follows:
1.An undergraduate degree in any stream, with a minimum three-year duration, must have been completed or be in the last year for applicants.
2. These are some of the most popular bachelor’s degree programmes: B.Tech, B.Sc, BA, BBA, and B.Com.
3. Applicants should have at least a 50% average throughout their whole bachelor’s degree. (It is 60% in the case of IIMs).
4. Candidates must have received at least a 60% on their class 12 final exams from a board recognised in India.
5. Applicants must have achieved the MBA cutoff standards established by the MBA colleges and have passed the entrance exam.
MBA Admission Process
Candidates are accepted for MBA programmes in India’s top management universities based on how well they do on the MBA entrance tests. Although some universities choose to hold their own entrance exams, the admissions process for these MBA colleges in India is based on the merit list.
MBA Admission on the basis of merit
Based on the level of the exam administered by the pertinent state or national organisations, top private MBA institutions in India and government MBA colleges in India offer admission to their MBA programmes. The sole basis for this MBA admission process is the MBA entrance tests.
MBA Admission on the basis of the entrance examination
All qualified students who wish to enrol in a Master of Business Administration programme in India must be able to pass the MBA admission tests for the particular management college of their choosing. Before being selected, candidates must additionally successfully complete an admission exam and interview processes.
1. National Entrance Exam :- At the national level, there are numerous entrance exams held for MBA admission. The CAT, MAT, XAT, ATMA, CMAT, and IIFT are a few of the main MBA entry tests taken on a national basis.
2. University Entrance Exam :- For the admission of its students, certain reputable MBA colleges hold a variety of university-level exams. NMAT/NMIMS, CUSAT, SNAP, IPU CET, and other exams at the university level are examples.
3. Common Admission Test ( CAT) :- One of the largest management entrance exams in India is the Common Admissions Test (CAT), which is administered by one of the IIMs for MBA admission. For admission to their institutions, the best MBA colleges in India ask applicants to sit for the CAT exam. When applying for admission, the best management institutes in India typically require a CAT score.
4. NMAT (Narsee Monjee Admission Test) :- The Narsee Monjee Institute of Management Studies contracts with GMAC to administer the NMAT test, a university-level management entrance examination. NMIMS offers MBA admission to candidates who pass the NMAT exam following a group discussion and individual interview.
5. XAT (Xavier’s Aptitude Test):- One of the most well-liked MBA entrance exams, the XAT, is recognised for MBA admission by over 170 institutions. XAT results are accepted by several of India’s top MBA schools. For MBA admission to several types of MBA courses, XLRI Jamshedpur administers the XAT exam.
6. SNAP (Symbiosis National Aptitude Test) :- Symbiosis University administers the national-level online test known as SNAP, or Symbiosis National Aptitude Online Test. Applicants are given MBA admission to one of the 16 Symbiosis colleges if they pass the entrance exam, group discussion, and personal interview.
7. IIFT (Indian Institute of Foreign Trade):- One of the top MBA schools in the country, the Chinese Institute of Foreign Trade holds an annual national entrance exam for admission to its three specialisations. Admission to IIFT, New Delhi, is granted to candidates who pass the exam, group discussion, and personal interview.
Fee Structure of MBA Degree
The cost of an MBA varies according to the MBA colleges. Depending on the resources that students can access through their MBA colleges in India, the MBA costs may change. The university’s amenities are accessible to students as well. The MBA fees not only pay for all of these services but also the tuition. Nonetheless, the typical MBA fee structure for the whole MBA programme at major Indian MBA institutions like the IIMs, SPJIMR, and MDI Gurgaon is between Rs. 20 and Rs. 25 lakhs. In addition, several government MBA colleges in India have low average MBA tuition rates of between Rs. 50,000 and Rs. 4 lakhs annually.
Why Choose MBA?
The MBA degree programme, a well-liked master’s degree programme in business, management, and commerce, is one that many universities offer. Growing one’s skill set and forming solid social and professional networks while attending MBA universities may increase the number of MBA employment opportunities. The best MBA programmes offer in-depth, structured training that is focused on business objectives.
Both undergraduate students and professionals in the workforce can pursue the many customizable specialisations offered by the Master of Business Administration in India. Alumni of top business institutions like IIM Ahmedabad, IIM Bangalore, MDI Gurgaon, and FMS Delhi often make around Rs. 20 lakhs annually. In corporate and business organisations, there is a considerable need for master of business administration positions. The door to a wide range of work opportunities in India is opened by completing an MBA online or on campus. The following are a few of the main benefits of an MBA:
1.High remuneration
2.Job opportunities
3.Exposure to industry
4.Career Advancement
5.Learning management skills
Skills Required for MBA
After graduation, a candidate with an MBA is likely to work in management for a company. The individual must have the necessary leadership skills and qualities in order to succeed. Some of the crucial skills that MBA students need to have include the following:
1.Communication Skills :- Candidates must be able to communicate clearly and effectively in order to complete the jobs successfully. MBA candidates should be proficient communicators both orally and in writing.
2. Managerial Skills :- A candidate who has successfully finished MBA coursework ought to be able to manage numerous tasks and commitments. Good managerial skills are necessary since a person in a leadership position is expected to carry out numerous duties.
3.Analytical Skills :- Analytical skills are included in MBA programmes in addition to business knowledge. To make sense of the enormous amounts of data that businesses collect, candidates should possess critical data interpretation skills.
4. Learning Skills :- As part of their studies, MBA students must keep up with the most recent developments in business. A high degree of learning and keeping up with current business trends are required of MBA candidates.
5. Decision Making Skills :- A potential MBA candidate should be able to decide what is best for the business. An MBA applicant must be able to make decisions that are best for the business and its shareholders.
Top MBA Specialisations
An MBA degree program’s objective is to expose students to a range of sectors. It is typically divided into two halves, the first of which emphasises specialisation and the second of which emphasises general management or business administration. Students in the first and second years of an MBA programme often have the option to take either required or elective courses.
| Table Header | Table Header |
|---|---|
MBA in Disaster Management | MBA in Banking & Finance Management |
MBA in Supply Chain Management | MBA in Communication and Media Management |
MBA in Pharmaceutical Management | MBA in Computer Application |
MBA in Agriculture & Food Business | MBA in Telecom Management |
MBA in Sustainability Management | MBA in Digital Marketing Management |
MBA in Telecom Management | MBA in International Business |
MBA in Rural Management | MBA in Information Technology |
MBA in Entrepreneurship | MBA in Human Resource Management |
MBA in Finance & Accounting | MBA in Marketing Management |
Top MBA Recruiters
Once an MBA programme is completed, many recruiters hire MBA freshmen for a variety of job positions in different sectors. Below is a list of the top recruiters who provide MBA positions across a variety of industries.
| Deloitte | |
|---|---|
NTPC | Citibank |
ITC | Vodafone |
Larsen & Toubro | Nestle |
Flipkart | Microsoft |
Amazon | Wipro |
Salary After MBA
The MBA specialisation that students choose determines their pay. The average MBA pay in India is between Rs 4,00,000 and Rs 32,00,000 annually. The MBA specialisation you select will determine the types of employment you can eventually land. The appropriate one can enhance your resume and increase your chances of getting hired for an MBA position. Students majoring in management are frequently chosen from the marketing specialisation. One of the key factors affecting income is the MBA specialisation chosen by the student, along with experience, industry, institute or college of graduation, and designation.
| MBA Specialisation | 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 |
