MBA (Masters of Business Administration)
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2 Years
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Post Graduate
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Management
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Full Time
2 Years
Post Graduate
Management
Full Time
The full form of MBA is Master of Business Administration. It is a 2-year post-graduate professional MBA degree, to develop skills and knowledge in Business Administration & Management or to start and manage your businesses. The MBA Programme involves real-world business cases. The main motive for designing the MBA course is to prepare for leadership qualities or teamwork in the business world students in various industries because companies are looking for operational thinking, innovation, decision-making, and strategic vision abilities as keys to success that are only taught in MBA courses and Top MBA Colleges in India. Thus, MBA provides career development services, including workshops, interview preparation, job placement resources, and internships with networking events to help students with the workforce.
The eligibility for the MBA course is graduates (BA, B.Com, B.Tech., B.Sc., etc.) in any field with a minimum of 50% marks (45% for SC/ST category) or an equivalent CG-PA in any field from a recognized university.
There are three levels of MBA entrance exams. The most popular management entrance exams for MBA courses are: National level, CAT, XAT, CMAT (Once a year), GMAT (appointment-based), and NMAT (3 times a year). State-level entrance exams, MAH CET, TSICET, UPSEE, TANCET, KMAT, KARNATKA PGCET (Once a year). University/College Level, IIFT, SNAP, IGNOU OPENMAT, PUCAT, UPESMET, BMAT, HPU MAT, SPSAT, IPU CET etc.
An MBA degree assists in molding the soft skills needed to flourish in management professions. The Top 10 NIRF 2023 MBA ranking as IIM Ahmedabad, the fourth year in a row, topped the NIRF list of MBA institutions. Six IIMs for the Top 10 in the National Institutional Ranking Framework (NIRF) Rankings were revealed on June 5, 2023, by the Minister of State for Education and External Affairs, The Top 4 positions were gained as IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, and IIM Calcutta. IIM Delhi was placed 5th, and IIT Bombay ranked 10th. Among non-IIM/IITs, the National Institute of Industrial Engineering, Mumbai, and XLRI-Xavier School of Management placed in the Top 10 MBA Colleges in India according to NIRF 2023 - IIM Ahmedabad, IIM Bangalore. IIM Kozhikode, IIM Calcutta, IIT Delhi, IIM Lucknow, NITIE Mumbai, IIM Indore, XLRI Jamshedpur, IIT Bombay, etc.
The MBA program covers various areas like business administration such as accounting, applied statistics, human resources, business communication, business ethics, business law, strategic management, business strategy, finance, managerial, Economics, management marketing, entrepreneurship, supply-chain management, & operations management relevant to management analysis and strategy, etc. The heart of any MBA curriculum is Management training, which focuses on leadership, planning, business strategy, organizational behavior, and human sides of running a large or small business.
The average MBA salary in India ranges from INR 7 LPA to INR 15 LPA, depending on the industry and experience. Top MBA colleges in India, like IIMs, place students after an MBA salary range from INR 70 lakhs to 1 crore. After the MBA jobs and salaries will differ based on the designation, as Regular MBA Starting MBA Salary in India (Rs 3.5 LPA), Distance MBA (INR 4 LPA, Online MBA (INR 5 LPA), Executive MBA (INR 4 LPA).
MBA is a two-year PG PG-level degree course that can be pursued only after completing graduation. Below is the table indicating the key highlights of the MBA course:
| Particulars | Value |
| Course Name | MBA |
| Full-Form | Master of Business Administration |
| Level of Degree | Post Graduate |
| Types of MBA Courses | Full-Time MBA, Part-Time MBA, Distance MBA, Online MBA, Executive MBA, Integrated MBA |
| Duration of degree | 2 Years |
| Exam Type | Semester based |
| Age | No specific age limit |
| Subjects Required | Honours or Graduate's degree recognized by UGC |
| MBA Admission Process | Entrance Exam+ Group Discussion+ Personal Interview |
| MBA Eligibility Criteria | 50% in Graduation |
| MBA Entrance Exams | CAT, MAT, XAT, CMAT, NMAT, ATMA, IIFT, IBSAT, SNAP, TISSNET, GMAT |
| Selection Process | Entrance Exam & Merit-Based (Private Colleges) |
| MBA Average Fees | INR 2 lakh to 27 lacs and above |
| Average Salary post-MBA | INR 5 lakh to 25 lacs per annum |
| MBA Job Profiles | HR Manager, Marketing Manager, Business Development Manager, Operations Manager, Business Analyst (IT), Senior Business Analyst, Financial Analyst, SAP Consultant, Marketing Executive, etc. |
| Top MBA Specialization in India | Sales, Marketing, Finance, Human Resources, IT, Operations, Digital Marketing, Business Analytics, Healthcare Management, etc. |
| Similar Options of Study | PGDM |
| MBA Scholarships | IDFC First Bank MBA Scholarship, Aditya Birla Scholarship, Yes Bank scholarship, India Carbon Scholarship, P.R. Karthik Scholarship |
| Top Colleges in India | IIM Ahmedabad, IIM Indore, IIM Bangalore, FMS Delhi, IIM Calcutta, IIM Kozhikode, IIM Lucknow, SPJIMR Mumbai, XLRI, etc. |
| Top Recruiters | Boston Consulting Group, Mckinsey, Bain & Co, Morgan Stanley, Citibank, JP Morgan Chase, Amazon, Facebook, Google, Adobe, Deloitte, Apple, Bain & Company, Flipkart, Microsoft, Tesla, LinkedIn, PepsiCo, Unilever, Nike, Ernst & Young, and Deutsche Bank. |
Master of Business Administration (MBA), a Professional master's degree is directly based on theoretical and practical training for business principles, upgraded leadership skills, and enhancing marketability as a professional. MBA program covers finance, marketing, operations, strategy, human resources, and entrepreneurship including a wide range of business and administration-related subjects.
MBA program is pursued on a full-time, part-time, Distance-based basis, or an online basis. A regular or Full-time MBA is a two-year course that is divided into four semesters, but some private universities and colleges offer one-year postgraduate programs MBA regular courses include theory classes, practical projects, student exchange programs, experiential learning, summer internships, and final job opportunities.
Admission to MBA programs requires a bachelor's degree, work experience, and Entrance test scores, a letter of recommendation, or a personal interview from recognized universities and Colleges. The curriculum includes a combination of classroom lectures, case studies, group projects, practical experiences, etc. for getting a well-rounded education in the business and management field.
The MBA (Master of Business Administration) eligibility criteria vary from one college to college, but there are some common requirements that prospective students must meet. Meeting the eligibility criteria for a Master of Business Administration is the first step towards pursuing an MBA program and ensures that candidates have the necessary foundation to excel in their studies.
Full-time MBA eligibility criteria are as follows:
(i). The basic eligibility criteria for an MBA (full-time) is graduation in any discipline or equivalent from a recognized university.
(ii). Most of the institutes follow the minimum score criteria for Graduation which is 50% on average or equivalent.
(iii). For Reserved category students, the minimum score is 45% in aggregate.
(iv). Final year graduates are also eligible to apply for the MBA, provided they present the proof of completion of the Graduation degree within the duration specified by the institute.
(v). Professionals with CA/CS/ICWAI and other qualifications can also obtain an MBA
After the written test, special group meetings and personal interviews are organized for the formation of the final ranking of the candidates. Once all assessments are completed, colleges or universities communicate and publish the merit list of the selected candidates based on a written test, a group discussion, and an individual interview.
The final allocation of places to applicants will follow the admissions process. The candidate will have to pay the course fees and register for the respective academic year.
Pursuing an MBA from recognized Universities and colleges; Candidates are able to gain awareness of Global Marketing, Communicate with professionals build relationships, business partnerships, and networks for mutual long-term benefits, to navigate the complexities of the business world. The MBA degree seems to open the doors for higher-level manageable and leadership positions, with increased responsibilities and opportunities. However, the MBA course is designed to provide well-rounded business strategy educations that contribute to professional success.
| ASPECT | DESCRIPTION |
|---|---|
| Global Career Growth | Having a management degree opens opportunities for an employee, as the career prospects for MBA graduates, as they can demonstrate their capabilities and stay tuned on top of emerging trends and technologies. |
| Removes the entry barriers | An MBA degree also requires prior conditions for advancement in some industries; Many organizations have made a policy that they will hire only candidates with an MBA at the entry levels called Management trainees. |
| Career Transformation | Completing your MBA in your own choice specialization opens the doors for new and better career opportunities. |
| High demand for an MBA | With the Hiring Trends & projection report, the hiring projections remain strong for an MBA Degree Holder related to old trends, it’s the constantly demanded Degree by graduates. |
| Subject specialization | Most top-tier MBA programs also ask students to choose one or two specializations within their MBA program including Accounting, Decision, Risk, and Operations, Entrepreneurship, Family Business Program, Media and Technology, Private Equity, Real Estate, Retail and Luxury Goods, Finance, Healthcare and Pharmaceutical Management, Leadership and Ethics Management, Marketing, Social Enterprise, etc. |
| Networking opportunities and Entrepreneur abilities | With an MBA Degree, students get to meet and interact with industry leaders in the corporate world to gain entrepreneurship skills for Being your own boss |
| Overall Personality Development and Boosts confidence | An MBA graduate almost becomes a new person after completing their degree as a new outlook on life and the business world comes which helps to overcome this problem, through knowledge and practice. |
| No age limit | Age does not matter; a management degree is likely a seminal experience that is needed for leadership roles in your career. |
Many programs base their admission decisions on a combination of undergraduate grade point average, academic transcripts, entrance exam scores (for example, the GMAT or the GRE test score), a résumé containing significant work experience, essays, letters of recommendation, group discussions, and personal interviews. Some schools are also interested in extracurricular activities, community service activities, or volunteer work and how the student can improve the school's diversity and contribute to the student body as a whole.
MBA Admission takes place through Entrance exams. MBA colleges accept multiple entrance exams for Admission. In this way, students have the opportunity to pass more entrance exams and present the evaluation form with the best scores.
| Exam Type | Exam Name | Description |
| Institute-Level Tests | XAT, NMAT, SNAP, IBSAT | The tests are conducted by a specific college for Admission to their MBA courses. Sometimes these scores may be accepted by other MBA Colleges in India as well. |
| State Level Tests | MAHCET, OJEE, KMAT, TANCET or APICET | Conducted by a state body or top B-school of a state conducting the exam for all participating colleges in a state. |
| National Level Tests | CAT, MAT, CMAT, ATMA | Conducted by 1 apex body or a top national-level institute on behalf of many other participating colleges. |
A candidate's ranking in the entrance exams determines their admission to the Top MBA colleges in India. There are different forms of MBA entrance exams. Some help applicants gain admission to colleges nationwide, some help statewide, and some colleges arrange some for MBA admissions. Following are the entrance exams conducted at the national and university level for MBA courses:
| MAT | MAH CET |
| GMAT | SNAP |
| TANCET | IIFT |
| XAT | NMAT |
| ATMA | CAT |
| CMAT |
A manager is expected to lead a team of professionals, so the most important skills for a successful manager are good leadership and communication skills. Check out some of the required skills for an MBA below:
| Strong mathematical skills | Eye for detail |
| Research-Oriented | Goal-oriented & able to work under pressure |
| Analytical Thinking | Leadership Qualities |
| Problem-solving Skills | Business Acumen |
| Managerial Skills | Good communication skills |
| Learning Skills | Decision-Making Skills |
Over 6,500 business schools are offering MBA courses in India. MBA fees vary from institution to institution. Average MBA course fees range from 3 LPA to 30 LPA. Below is the MBA fee structure of top colleges:
| Name of College | Total Fees (INR) |
| IGNOU | Rs. 50,000 PA |
| Amity University | Rs. 5 LPA |
| IIM Kozhikode | Rs. 19 LPA |
| Symbiosis University | Rs. 4 LPA |
| IIT Delhi | Rs. 3.50 LPA |
| IIM Bangalore | Rs. 23 LPA |
| IIM Ahmedabad | Rs. 23 LPA |
| Chandigarh University | Rs. 2 LPA |
| LPU | Rs. 3 LPA |
| IIM Calcutta | Rs. 23 LPA |
| IIM Indore | 21 LPA |
| NMIMS | Rs. 3.5 LPA |
The MBA program aims to give students experience in a range of industries. It is typically divided into two sections, the first of which concentrates on specialization and the second of which concentrates on general management or business administration. Students often have the option of choosing between core and elective programs in their first and second years.
There is a variety of modes and formats for MBA courses. Historically, the two-year Full-Time MBA has been the preferred option for aspiring management. Yet, in recent years, the Executive MBA and Online MBA have become increasingly popular due to their flexibility, attracting a significant number of candidates.
Different types of MBA courses are available in various specializations such as MBA HR, MBA Finance, MBA IT, etc. The various types of MBAs are mentioned below:
The Part-time MBA program is the best program for working professionals. It is not a residential program. Anyone wishing to improve their management skills can opt for this program. Many private and public universities offer Part-Time MBA Courses. The annual MBA course fee can range from INR 1 lakh to around 10 lacs. The MBA program is slightly different from that of the regular course.
One-year MBAs are designed for professionals who don't want to leave their jobs to pursue an MBA. The MBA duration of this course is 1st year. Institutions can also run One-year MBA programs in different specializations, such as one-year MBA funding. A one-year MBA program is suitable for candidates who wish to study the MBA for working professionals and do not wish to pursue a full-time 2-year residential MBA program.
This is a regular two-year Full-time MBA course offered by most BS schools in India. Candidates can discover the classroom environment for theoretical courses, internships, and projects based on practical knowledge. Approximate MBA course fees for any two-year full-time course start from INR 2 Lakh and can exceed up to INR 25 Lakh, per year. The MBA course fees of the top three IIMs (Ahmedabad, Bangalore, and Calcutta) are around Rs 23 lakh. The program is divided into 4 or 6 semesters depending on the MBA major and the college.
Executive MBA is a Part-Time MBA program designed for working professionals with significant work experience. The duration of the MBA in Executive format is 1 year. The Executive MBA course is useful for managers, entrepreneurs, technocrats, and other business leaders and has a strong emphasis on teamwork and achieving a common goal. Executive MBA is the Best MBA for professionals who want to take their careers to the next level.
The Online MBA is the most advanced course in the industry. UGC-approved Part-Time MBA. The duration of the MBA in the online format is 1 to 4 years. Online MBAs are flexible courses offered by Indian and foreign business schools for students who want to study MBA for professionals and students who do not wish to pursue a regular full-time 2-year MBA.
The MBA Distance Learning is a two-year postgraduate MBA correspondence management program. Distance-learning MBAs are best suited for students who cannot pursue a regular MBA. The duration of an MBA in distance/correspondence format is 25 years. An MBA from IGNOU is one of the most popular Distance MBA programs in India.
The Integrated MBA course is for students who have just passed Class 12th. It is a 5-year program where candidates will pursue the graduation level as well as post-graduation level courses. The MBA syllabus for the MBA Integrated course is completely different. Students can either opt for BBA/B.Tech/BA/B.Sc + MBA subject course. The annual MBA course fees start from INR 1 to INR 17 lakhs. Right after graduation, students can easily get MBA jobs in the private and public sectors.
An MBA course develops theoretical concepts and focuses on developing technical knowledge. Apart from MBA, there are other postgraduate courses in various disciplines that candidates can pursue upon completing their undergraduate. Below is a list of comparisons of the MBA to other postgraduate courses.
The table below contains the differences between MBA and M.Com:
| MBA | M.Com |
| Master of Business Administration | Master of Commerce |
| 2 years | 2 years |
| Management | Commerce |
| INR 3 lakhs - 10 LPA | INR 5000 - 1 LPA |
| A minimum of 50% of total marks in UG | A minimum of 50% of total marks in UG |
| IIMs, XMRI, FMS, etc. | Lady Shri Ram College, Hindu College Delhi, Loyola College Chennai, etc. |
This table provides a concise comparison of various parameters between MBA and M.Com programs, including their full-form, course duration, discipline, average fees, eligibility criteria, and top institutes.
MBA (Master of Business Administration) and PGDM (Post Graduate Diploma in Management) are both postgraduate programs in the field of management. While they may seem similar, there are some key differences between the two:
| PGDM | MBA |
| Post Graduate Diploma in Management | Master of Business Administration |
| 2 years | 2 years |
| Yes (when certified by AICTE) | Yes (when offered by top IIMs as PGPM) |
| Autonomous Institutions/Business Schools | Universities |
| The curriculum designed by the institution | Standardized curriculum based on university regulations |
| Various specializations available | Various specializations available |
| Recognition may vary based on the institution | Generally well-recognized globally due to university affiliation |
| Institution-specific entrance exams | Specific entrance exams for universities or institutions |
MBA is one of the most sought-after courses in India that is opted for by many students right after they complete their Bachelor's. Many working professionals also do their MBAs, as it helps them improve their chances of growth in their careers. Here is the list of the top 10 MBA colleges in India and average fee structure:
| College Name | Average Fees (INR) |
| IIM Ahmedabad | 15,00,000 |
| IIM Calcutta | 15,00,000 |
| IIM Bangalore | 15,00,000 |
| IIM Indore | 15,00,000 |
| XLRI Jamshedpur | 5,00,000 |
| FMS Delhi | 5,00,000 |
| SIBM, Pune | 15,00,000 |
| IIT Delhi | 1,00,000 |
| NITIE, Mumbai | 15,00,000 |
The table below lists the top city-wise MBA colleges in India:
In India, government & private MBA colleges are the most sought-after by students and are regarded as the most effective in terms of ROI and placements. Candidates can find a list of the top government & private MBA schools in India in the table below:
| Type of MBA Colleges | Name of MBA colleges |
| Top Government MBA Colleges | UBS Chandigarh |
| Aligarh Muslim University, Aligarh | |
| FMS BHU | |
| Bangalore University | |
| IIFT Delhi | |
| Department of Commerce, University of Delhi | |
| Jamia Millia Islamia, New Delhi | |
| Pondicherry University | |
| LN Mishra Institute of Economic Development and Social Change, Patna | |
| IIM Ranchi | |
| Top Private MBA Colleges | GITAM Institute of Management, Visakhapatnam |
| Techno India University, Kolkata | |
| Christ University, Bangalore | |
| Doon Business School, Dehradun | |
| MIT School of Management, Pune | |
| School of Management, Dr DY Patil University | |
| KJ Somaiya SIMSR | |
| School of Business, UPES, Dehradun | |
| SIIB Pune | |
| MDI Gurgaon |
The career opportunities for MBA graduates are vast in today's job market. They are highly sought after across all industries and sectors. Many MBA institutes offer campus placement services to their students upon completion of the full-time MBA course to facilitate the start of their careers. Companies of all sizes and types, whether private or government, actively recruit MBA degree holders for a variety of roles.
Here are some of the top companies that recruit MBA graduates through campus placements:
Top Private Recruiters
Private enterprises spanning diverse sectors eagerly seek out MBA graduates from leading business institutions. Here are some of the foremost private recruiters of MBA talent:
| Avendus | Samsung | TAS |
|---|---|---|
| Deloitte | ITC | Tata |
| HDFC | Larsen & Toubro | Microland |
| ICICI Bank | EXL | Accenture |
| JP Morgan Chase & Co. | HSBC | Amazon |
| Mahindra | Goldman Sachs | Wipro |
| McKinsey & Company | Nestle | Aditya Birla Group |
| Reliance | Vodafone | Microsoft |
Top Government MBA Courses Recruiters
Government entities in numerous countries seek out MBA graduates for a broad spectrum of roles, particularly in fields such as public administration, policy analysis, and government management. Here are some prominent government employers recognized for their recruitment of MBA professionals:
| Air India Express | BEML Limited | ITI Limited |
|---|---|---|
| RBI | Bharat Electronics Limited | IBPS |
| Engineering Projects India Limited | IIT Kharagpur | City Union Bank |
| Coal India Limited | SBI | Central Bank of India |
| NABARD Consultancy Services | National Housing Bank | Bank of Baroda |
Answer: The MBA course is a postgraduate degree program in management that prepares students for management positions later in their careers.
Answer: The full form of an MBA is a Master of Business Administration.
Answer: People who have bachelor's degrees in the arts, sciences, or commerce can choose to pursue an MBA postgraduate degree.
Answer: All MBA courses or specializations have bright prospects for students in the field of business management. However, the best MBA course depends solely on the candidates and their interests. Some of the best MBA courses in India are MBA in Sales & Marketing, MBA in Operations, MBA in HR, MBA in Finance, and MBA in Information Technology.
Answer: The average fee of an MBA degree program ranges from Rs 4 lakh to Rs 25 lakh for the complete program.
Answer: The total duration of a full-time MBA degree program is two years equally segregated into 4 equal semesters.
Answer: Most of the Tier-1 and Tier-2 MBA institutes in India accept candidates based on MBA entrance exam scores. So, if you want to pursue an MBA from a reputed MBA college, taking an entrance exam is a must.
Answer: If you wish to advance your professional career, getting an MBA is a good decision. Because of the skills that students can acquire, a Master of Business Administration (MBA) degree is more in demand than ever. MBA is a degree program that provides students from all backgrounds with a wide range of employment options at higher job positions.
Answer: An MBA graduate with a tier-1 school and appropriate skills can easily earn between Rs. 10 lakhs to Rs. 15 lakhs per annum.
Answer: After completing the MBA course, the student gets a bachelor's degree while after completing the PGDM, the student gets a diploma. However, the skills and training offered in degree and diploma are the same.
Answer: Admission to MBA degree programs in private and government colleges is provided based on national, state, or university-level entrance examinations.
Answer: The most suitable MBA specialization for Bachelor of Arts degree holders is Human Resources, Sales & Marketing, Tourism & Hospitality, Advertising & PR, Entrepreneurship, and General MBA.
Answer: Yes, many universities like IGNOU, Annamalai University, and Osmania University offer MBA programs in correspondence (distance education mode). Many private universities also offer online MBA courses, which you can take up.
Answer: There are several options candidates can consider after completing the MBA course. They can either apply for a job or can opt for further studies. Job opportunities available after the MBA are:
(i). Business operations manager.
(ii). Financial manager.
(iii). Human resources manager.
(iv). Information technology, or IT, manager.
(v). Management consultant.
(vi). Marketing manager.
(vii). Medical and health services manager.
Answer: An MBA offers career advancement, networking opportunities, specialization options, entrepreneurial skills, a global perspective, personal and professional growth, and better job prospects.
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