MBA (Master of Business Administration) - Indian Institute of Management, Calcutta (IIMC)

  • Years 2 Years
  • Type Course Post Graduate
  • stream Management
  • Delivery Mode

MBA Course: Full-Form, Admission Process, Eligibility, Exams, Syllabus, Fees, Jobs, Top Colleges, Other Specializations

An MBA stands for Master of Business Administration and is a master's degree of 2 years that you can study after completing a bachelor's degree. it was first introduced by Harvard University's Graduate School of Administration in 1908. To be eligible for admission to the MBA program, you must have a Bachelor's degree in a related field from a recognized university and should score at least 50% to 60% marks in your Bachelor's degree (45% for SC/ST category).

During your MBA course, you will study various subjects related to business administration. These subjects include accounting, statistics, human resource management, business communication, ethics, law, strategic management, finance, economics, entrepreneurship, marketing, supply chain management, and operations management to manage business activities.

Highlights - MBA Course Details

MBA is a two-year degree course that can be pursued only after completing graduation. Given below is the table indicating the key highlights of the MBA course:

ParticularsValue
Course NameMBA
Full-FormMaster of Business Administration
Level of DegreePost Graduate
Types of MBA CoursesFull-Time MBA, Part-Time MBA, Distance MBA, Online MBA, Executive MBA, Integrated MBA
Duration of degree2 Years
Exam TypeSemester based
AgeNo specific age limit
Subjects RequiredHonours or Graduate's degree recognized by UGC
MBA Admission Process
Entrance Exam+ Group Discussion+ Personal Interview
MBA Eligibility Criteria50% in Graduation
MBA Entrance ExamsCAT, MAT, XAT, CMAT, NMAT, ATMA, IIFT, IBSAT, SNAP, TISSNET, GMAT
Selection ProcessEntrance 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 IndiaSales, Marketing, Finance, Human Resources, IT, Operations, Digital Marketing, Business Analytics, Healthcare Management, etc.
Similar Options of StudyPGDM
MBA Scholarships
IDFC First Bank MBA Scholarship, Aditya Birla Scholarship, Yes Bank scholarship, India Carbon Scholarship, P.R. Karthik Scholarship
Top Colleges in IndiaIIM Ahmedabad, IIM Indore, IIM Bangalore, FMS Delhi, IIM Calcutta, IIM Kozhikode, IIM Lucknow, SPJIMR Mumbai, XLRI, etc.
Top RecruitersBoston 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.

What is a Master of Business Administration?

MBA is a Master of Business Administration course it is a comprehensive two-year, full-time master's program available to graduates from diverse academic backgrounds. It equips students with the knowledge and skills necessary for a successful career in the business world. The MBA degree offers various specializations and formats to cater to different needs, including Online MBA, Part-time MBA, Distance MBA, Integrated MBA, and Executive MBA.

The diverse formats of MBA courses allow students to choose an option that suits their circumstances and preferences. Online MBA programs offer flexibility and convenience, enabling students to pursue their studies remotely. Part-time MBA programs cater to working professionals who wish to enhance their skills while continuing their careers. Distance MBA programs provide learning opportunities for students who are unable to attend classes on campus. Integrated MBA programs combine undergraduate and postgraduate studies, allowing students to earn a master's degree in a shorter time frame. Executive MBA programs are designed for experienced professionals seeking advanced business knowledge and leadership skills.

By pursuing an MBA, students can broaden their career prospects, enhance their managerial capabilities, and gain a competitive edge in the business world. The program equips them with the necessary tools to tackle real-world challenges and make informed decisions in a dynamic and evolving global business environment.

Admission to MBA courses involves a systematic selection process that typically includes entrance exams followed by further evaluation. The most commonly accepted entrance exams for MBA programs in India are CAT (Common Admission Test), MAT (Management Aptitude Test), XAT (Xavier Aptitude Test), NMAT (Narsee Monjee Management Aptitude Test), and CMAT (Common Management Admission Test). These exams assess the aptitude and knowledge of aspiring candidates.

Upon clearing the entrance exam, candidates are usually required to undergo additional evaluation rounds, which may include a Written Ability Test (WAT), Group Discussion (GD), and Personal Interview (PI). These rounds help assess the candidate's communication skills, critical thinking abilities, and overall suitability for the MBA program.

It's worth noting that some colleges also offer direct admission to MBA programs based on the candidate's academic performance in their undergraduate degree. This approach allows candidates with exceptional academic records to secure admission without going through the entrance exam route.

MBA aspirants have the flexibility to choose between regular, distance, or executive MBA degrees based on their individual preferences and convenience. Regular MBA programs are full-time courses conducted on-campus, providing a comprehensive learning experience. Distance MBA programs allow students to pursue their studies remotely, offering flexibility for working professionals or those unable to attend regular classes. Executive MBA programs cater specifically to experienced professionals, providing advanced management education tailored to their specific career needs.

What is MBA Course?


The Master of Business Administration, commonly known as MBA, is a prestigious postgraduate degree program that provides comprehensive training in business and management principles. It originated in 1908 when Harvard University Graduate School of Administration, now known as Harvard Business School, introduced it as the first-ever global postgraduate business degree. The MBA curriculum is carefully designed to develop a range of vital leadership skills, including strong analytical abilities, critical thinking, and effective decision-making. Additionally, an MBA program enhances communication skills and promotes teamwork, preparing students for successful leadership roles in diverse industries worldwide.

Why MBA?

MBA is the most straightforward way to accelerate your career. Students focus on the placement opportunities that come after completing an MBA degree. As the world is becoming more and more competitive it is becoming necessary to have managerial skills and knowledge. This will help an individual, lead a team in a field where he/she is an expert.

(i). Developing Managerial Skills

The syllabus Master of Business Administration focuses on providing knowledge and case studies that help manage a firm or company. It includes accounts, financial management, leadership skills, marketing knowledge, and much more.

(ii). Entrepreneurial Opportunity

Students acquire knowledge about running a business. This is very helpful for students who have a family business. The MBA will help in the smooth running of the business with better returns.

(iii). High Placement and Salary

According to reports, almost every student gets a hike after doing an MBA course. Colleges provide placement opportunities to students where students get a chance to choose from their dream companies. The average Salary ranges from INR 7,00,000 to INR 9,00,000which may rise to INR 15,00,000 to INR 20,00,000 depending on the college.

(iv). Different MBA Formats are Available

Students have the option of going for a Distance MBA, Online MBA, or even a part-time MBA course. Due to the high demand for MBA, colleges have introduced different types of MBA courses for people from different backgrounds. Online MBA and distance learning MBA are a boon for workers who cannot quit their job. Executive MBAs help individuals with high knowledge of the subject matter to gain managerial expertise.

(v). Building Connections

Apart from the placement opportunities the college also provides a platform to interact with other students or alumni. These connections help students to get into the companies they like or get the salary they want.

(vi). Diversify your Career Prospects

There are various MBA Specializations that help students to focus on any particular segment of business management. MBA course specializations include MBA Finance, MBA HR, MBA Marketing, MBA Business Analytics, MBA IT, etc.

MBA Eligibility Criteria

Full-time MBA eligibility criteria are as follows:

(i). The basic eligibility criteria for 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

MBA Admission Process

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 TypeExam NameDescription
Institute-Level TestsXAT, NMAT, SNAP, IBSATThe 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 TestsMAHCET, OJEE, KMAT, TANCET or APICETConducted by a state body or top B-school of a state conducting the exam for all participating colleges in a state.
National Level TestsCAT, MAT, CMAT, ATMAConducted by 1 apex body or a top national-level institute on behalf of many other participating colleges.

MBA Entrance Exams

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:

MATMAH CET
GMATSNAP
TANCETIIFT
XAT
NMAT
ATMACAT
CMAT

Skills Required for MBA

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 skillsEye for detail
Research-OrientedGoal-Oriented & able to work under pressure
Analytical ThinkingLeadership Qualities
Problem-solving SkillsBusiness Acumen
Managerial SkillsGood communication skills
Learning SkillsDecision-Making Skills

MBA Fee Structure

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 CollegeTotal Fees (INR)
IGNOURs. 50,000 PA
Amity UniversityRs. 5 LPA
IIM KozhikodeRs. 19 LPA
Symbiosis UniversityRs. 4 LPA
IIT DelhiRs. 3.50 LPA
IIM BangaloreRs. 23 LPA
IIM AhmedabadRs. 23 LPA
Chandigarh UniversityRs. 2 LPA
LPURs. 3 LPA
IIM CalcuttaRs. 23 LPA
IIM Indore21 LPA
NMIMSRs. 3.5 LPA

Selection Criteria for MBA Course

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.

Top MBA Specializations

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.

MBA in Information TechnologyMBA in Biotechnology Management
MBA in Communication ManagementMBA in Data Analytics
MBA in Agriculture & Food BusinessMBA in Business Analytics
MBA in Event ManagementMBA in Digital Marketing Management
MBA in Aviation ManagementMBA in Business Economics
MBA in Fashion DesigningMBA in Disaster Management
MBA in Banking & Finance ManagementMBA in Communication and Media Management
MBA in Computer ApplicationMBA in Entrepreneurship
MBA in Environmental ManagementMBA in Hospital Administration
MBA in Banking and InsuranceMBA in Retail Management
MBA in FinanceMBA in Hotel Management
MBA in International BusinessMBA in Hospitality Management
MBA in Finance & AccountingMBA in Human Resource Management
MBA in Laboratory ManagementMBA in Corporate Social Responsibility
MBA in Healthcare & Hospital ManagementMBA in Information Technology
MBA in Logistics and Supply Chain ManagementMBA in Disaster Management
MBA in Marketing ManagementMBA in Petroleum and Oil Gas Management
MBA in Pharmaceutical ManagementMBA in Project Management

Types of MBA Courses


Owing to the high demand for MBA, various types of MBA have emerged, each focusing on a distinct sort of student. Working individuals or those engaged in some kind of employment can pursue an MBA branch such as an Executive MBA, a Distance MBA, or an Online MBA.

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:

Part-Time MBA

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.

Part-time MBA Specializations
Part-Time MBA in Finance Part-Time MBA in Marketing Management
Part-Time MBA in HR Management Part-Time MBA in Hospitality Management
Part-Time MBA in IT Management Part-Time MBA in Banking and Finance
Part-Time MBA in Data Science Part-Time MBA in Operations Management
Part-Time MBA in Business Analytics Part-Time MBA in Healthcare Management
Part-Time MBA in International Business Part-Time MBA in Project Management
Part-Time MBA in Financial Markets Part-Time MBA in Retail Management
Part-Time MBA in Banking Financial Insurance Part-Time MBA in Hospital Administration
Part-Time MBA in International Trade Management Part-Time MBA in General Management
Part-Time MBA in Investment Banking Equity Research Part-Time MBA in International Finance
Part-Time MBA in HR Analytics Part-Time MBA in Digital Entrepreneurship
Part-Time MBA in Infrastructure Management Part-Time MBA in Banking and Insurance
Part-Time MBA in International Marketing Part-Time MBA in Blockchain
Part-Time MBA in Quality Management Part-Time MBA in Agribusiness
Part-Time MBA in Digital Marketing Part-Time MBA in Business Management
Part-Time MBA in Power Management Part-Time MBA in Sports Management
Part-Time MBA in Waste Management

One-Year MBA

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.

Full-Time MBA

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

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.

Online MBA

The Online MBA is the most advanced course in the industry. a 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.

Online MBA Specializations
Online MBA in Finance Online MBA in Marketing Management
Online MBA in HR Management Online MBA in Hospitality Management
Online MBA in IT Management Online MBA in Banking and Finance
Online MBA in Data Science Online MBA in Operations Management
Online MBA in Business Analytics Online MBA in Healthcare Management
Online MBA in International Business Online MBA in Project Management
Online MBA in Financial Markets Online MBA in Retail Management
Online MBA in Banking Financial Insurance Online MBA in Hospital Administration
Online MBA in International Trade Management Online MBA in General Management
Online MBA in Investment Banking Equity Research Online MBA in International Finance
Online MBA in HR Analytics Online MBA in Digital Entrepreneurship
Online MBA in Infrastructure Management Online MBA in Banking and Insurance
Online MBA in International Marketing Online MBA in Blockchain
Online MBA in Quality Management Online MBA in Agribusiness
Online MBA in Digital Marketing Online MBA in Business Management
Online MBA in Power Management Online MBA in Sports Management
Online MBA in Waste Management

Distance 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.

Distance MBA Specializations
Distance MBA in Finance Distance MBA in Marketing Management
Distance MBA in HR Management Distance MBA in Hospitality Management
Distance MBA in IT Management Distance MBA in Banking and Finance
Distance MBA in Data Science Distance MBA in Operations Management
Distance MBA in Business Analytics Distance MBA in Healthcare Management
Distance MBA in International Business Distance MBA in Project Management
Distance MBA in Financial Markets Distance MBA in Retail Management
Distance MBA in Banking Financial Insurance Distance MBA in Hospital Administration
Distance MBA in International Trade Management Distance MBA in General Management
Distance MBA in Investment Banking Equity Research Distance MBA in International Finance
Distance MBA in HR Analytics Distance MBA in Digital Entrepreneurship
Distance MBA in Infrastructure Management Distance MBA in Banking and Insurance
Distance MBA in International Marketing Distance MBA in Blockchain
Distance MBA in Quality Management Distance MBA in Agribusiness
Distance MBA in Digital Marketing Distance MBA in Business Management
Distance MBA in Power Management Distance MBA in Sports Management
Distance MBA in Waste Management

Integrated MBA Course

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.

MBA Course Comparison

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.

Difference between MBA and M.Com

The table below contains the differences between MBA and M.Com:

MBA M.Com
Master of Business AdministrationMaster of Commerce
2 years2 years
ManagementCommerce
INR 3 lakhs - 10 LPAINR 5000 - 1 LPA
Minimum of 50% of total marks in UGMinimum 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.

Difference between MBA and PGDM

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:

PGDMMBA
Post Graduate Diploma in ManagementMaster of Business Administration
2 years2 years
Yes (when certified by AICTE)Yes (when offered by top IIMs as PGPM)
Autonomous Institutions/Business SchoolsUniversities
Curriculum designed by the institutionStandardized curriculum based on university regulations
Various specializations availableVarious specializations available
Recognition may vary based on the institutionGenerally well-recognized globally due to university affiliation
Institution-specific entrance examsSpecific entrance exams for universities or institutions

Top MBA colleges in India

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 Ahmedabad15,00,000
IIM Calcutta15,00,000
IIM Bangalore15,00,000
IIM Indore15,00,000
XLRI Jamshedpur5,00,000
FMS Delhi5,00,000
SIBM, Pune15,00,000
IIT Delhi1,00,000
NITIE, Mumbai15,00,000

Best MBA Colleges in India City-wise

The table below lists the top city-wise MBA colleges in India:

CityName of CollegeAverage Fees (INR)
PuneDYPIMR1.30 LPA
SIDTM6.60 LPA
Sinhgad Business School1.50 LPA
RIIM4.75 LPA
MITCOM2.07 LPA
DelhiAKGIM, Delhi1.27 LPA
KR Mangalam University2.60 LPA
GD Goenka University3.72 LPA
Asian Business School7.65 LPA
University of Delhi (FMS)96,000 PA
BangaloreBMS College of Engineering25,300 PA
The Oxford College of Engineering70,000 PA
NSB Academy3.80 LPA
CMR University1.75 LPA
RCM7.90 LPA
MumbaiKaizen School of Management30,900 PA
BITS School of Management24.50 LPA
TIMSR63,790 PA
The Second Wind12 LPA
KJ Somaiya Institute of Management7.81 LPA
SPJIMR17.50 LPA
Amity University5.15 LPA
HyderabadSt. Joseph’s Degree College and PG College54,000 PA
Amjad Ali Khan College of Business Administration1.40 LPA
ICFAI Business School8.01 LPA
Engineering Staff College of India2.30 LPA
Woxsen University7.25 LPA
ChennaiNational Institute of Business14,700 PA
SSNCE35,000 PA
NICM49,000 PA
LIBA15,26 LPA
Anna University59,080 LPA
KolkataIIM Calcutta27 LPA
BIMS5.51 LPA
Amity University3.90 LPA
Adamas University2.51 LPA
Brainware University3.70 LPA

Top Government and Private 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 CollegesName of MBA colleges
Top Government MBA CollegesUBS 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 CollegesGITAM 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

MBA Jobs

An MBA degree holder gets jobs that include team lead and managerial responsibility of the department. A manager’s job profile broadly includes planning, strategizing, execution, leading the team, liaison with clients, coordinating with other departments, delegating work and responsibilities, and reporting to higher authorities regarding projects undertaken. Given below are some of the popular job options after an MBA and their corresponding salaries:

MBA Job ProfilesMBA Average Salary (INR)
Data Analytics Manager14 LPA
Transport & Logistics Manager6 LPA
Infrastructure Manager11 LPA
Healthcare & Hospital Manager4 LPA
Retail Manager5 LPA
Finance Manager9.6 LPA
Human Resources Manager4 LPA
Operations Manager7 LPA
Materials Manager6 LPA
Public Policy Manager7 LPA
IT & Systems Manager7 LPA
Telecom Manager7 LPA
International Business Manager9 LPA
Energy & Environment Manager6 LPA
Supply Chain Manager8 LPA
Risk Manager10 LPA
Import & Export Manager6 LPA
Product Manager15 LPA
Sales Manager10 LPA
Digital Marketing Manager4.5 LPA
Advertising Sales Manager8.5 LPA
Marketing Manager10 LPA
NGO Manager5 LPA
Project Manager13 LPA

Top Recruiters MBA

The scope of an MBA is huge in the current job market. MBA graduates are in high demand in every industry and every domain. Most of the MBA institutes provide campus placement to their students on completion of the full-time MBA course for a smooth beginning of their careers.

All organizations, big or small, private or government, hire MBA degree holders in various capacities. Below is the list of some of the top companies that hire MBA graduates through campus placements:

Larsen & Toubro NestleGoogle
FlipkartNTPC
AmazonETC
MicrosoftMahindra
WiproPhilips
McKinsey & CompanyReliance
ICICI BankHDFC
EXLLarsen & Toubro
BCG
Citibank
Deloitte
Vodafone
Avendus
Samsung
Cipla
RPG

MBA Placements

Students go for MBA for placement opportunities provided by top Colleges. Online Services, IT & Healthcare, and consulting are some of the top sectors for MBA Placements. The specialization chosen by the student determines the type of industry an individual will be working in. IIMs in India generally more offers than students providing ample opportunities for the students.

Listed below are the top 30 MBA colleges in India as per MHRD-NIRF rankings 2021. Also, mentioned are the average CTC offered made during the latest campus placements.

Top MBA InstitutesMBA Average CTC (INR)
IIM Ahmedabad26.12 LPA
IIM Bangalore26.18 LPA
IIM Calcutta29.00 LPA
IIM Kozhikode22.50 LPA
IIT Delhi-DMS22.69 LPA
IIM Indore23.60 LPA
IIM Lucknow26.00 LPA
XLRI Jamshedpur25.08 LPA
IIT Kharagpur-VGSOM18.44 LPA
IIT Bombay-SJMSOM21.96 LPA
MDI Gurgaon22.05 LPA
NITIE Mumbai20.88 LPA
IIT Madras-DOMS14.38 LPA
IIT Roorkee-DOMS10.58 LPA
IIM Raipur15.20 LPA
IIT Kanpur12.77 LPA
IIM Trichy14.85 LPA
IIM Udaipur13.19 LPA
SPJIMR Mumbai15.11 LPA
SIBM Pune19.56 LPA
IIM Ranchi14.69 LPA
SVKM’s Narsee Monjee Institute of Management Studies18.33 LPA
IIM Shillong19.17 LPA
GLIM Chennai11.00 LPA
IIFT DelhiRs 21.08 LPA
IMI Delhi12.77 LPA
ICFAI Hyderabad7.00 LPA
IIM Rohtak13.74 LPA
Amity UniversityRs 5 LPA
IIT-ISM Dhanbad14 LPA

Top MBA Colleges According to the 2023 NIRF Management Rankings

Here is a list of the top-rated MBA colleges according to the NIRF Management Rankings 2023. We have also included information about the course fees for MBA programs. These rankings of MBA Colleges take into consideration multiple factors, including the remarkable students, the extent of research opportunities, job placements, available facilities, and faculty expertise.

Institute NameRank
Indian Institute of Management Ahmedabad1
Indian Institute of Management Bangalore2
Indian Institute of Management Kozhikode3
Indian Institute of Management Calcutta4
Indian Institute of Technology Delhi5
Indian Institute of Management Lucknow6
National Institute of Industrial Engineering, Mumbai7
Indian Institute of Management Indore8
XLRI-Xavier School of Management Jamshedpur9
Indian Institute of Technology Bombay10
Indian Institute of Management Raipur11
Indian Institute of Management Rohtak12
Management Development Institute Gurugram13
Indian Institute of Technology Kharagpur14
Indian Institute of Technology Madras15
Indian Institute of Management Udaipur16
Symbiosis Institute of Business Management Pune17
Indian Institute of Technology Roorkee18
Indian Institute of Management Kashipur19
S.P. Jain Institute of Management & Research Mumbai20
SVKM`s Narsee Monjee Institute of Management Studies Mumbai21
Indian Institute of Management Tiruchirappalli22
Indian Institute of Technology Kanpur23
Indian Institute of Management Ranchi24
Jamia Millia Islamia, New Delhi25
Indian Institute of Management Shillong26
Indian Institute of Foreign Trade New Delhi27
Amity University Noida28
Indian Institute of Management Visakhapatnam29
Amrita Vishwa VidyapeethamCoimbatore30
Great Lakes Institute of Management Chennai31
Lovely Professional University32
Goa Institute of Management Sanquelim33
International Management Institute New Delhi34
National Institute of Technology Tiruchirappalli35
Chandigarh UniversityMohali36
MICAAhmedabad37
Institute of Management Technology Ghaziabad38
UPES Dehradun39
ICFAI Foundation for Higher Education Hyderabad40
Indian Institute of Management Jammu (IIMJ)41
T. A. Pai Management Institute Manipal42
Indian Institute of Management Nagpur43
Indian Institute of Technology (Indian School of Mines)Dhanbad44
K J Somaiya Institute of Management Studies and ResearchMumbai45
XIM UniversityBhubaneswar46
Jaipuria Institute of Management Noida47
Birla Institute of Management TechnologyGreater Noida48
Thapar Institute of Engineering and Technology Patiala49
Anna University Chennai49

Salary after MBA

The average salary depends on many factors such as company policy, skills of individuals knowledge, and experience of aspirants, and many more. The average MBA salary range is INR 4-15 LPA. Pursuing an MBA in India will reward graduates with a highly successful career and a promising salary.

MBA Specialization Average MBA Salary
MBA in Finance Rs 2,00,000 to Rs 14,70,000
MBA in Information TechnologyRs 10,000 to Rs 6,00,000
MBA in Human Resource ManagementRs 4,50,000 to Rs 15,50,000
MBA in MarketingRs 14,25,000 to Rs 20,43,000
MBA in Logistics ManagementRs 6,25,000 to Rs 8,50,000

Career Options After MBA

Many students take up MBA degrees to get a job after completing their studies. After getting an MBA, many of them find MBA job opportunities in various industries such as Human Resources, Finance, and Operations.

(1). Manager

A manager is responsible for the management of a team, department, or organization. He or she works as a leader of a team and supervises the work of its members.

(2). HR Manager

A human resource manager is responsible for the management of the human resources function of an organization. His or her responsibilities include the recruitment process, employee relations, and professional dispute resolution.

(3). Sales Manager:

A sales manager is responsible for the management of all the tasks involved in the sales process. This professional is also responsible for ensuring that the targets are met and that profits are maximized.

(4). Marketing Manager

A marketing manager is responsible for various tasks and responsibilities related to marketing such as campaigns, sales tasks, client proposals, and marketing of different products.

Scope of MBA Course for Higher Education

The MBA course offers an extraordinary scope of work in various industries including sales, marketing, institutions, automotive, banking, etc. After completing the master's program, the aspirant can pursue different types of certification courses, which will increase their credibility in the corporate world and strengthen their CV. Students can also choose to take many courses after the MBA, such as the Ph.D. in management if they have a deep affinity for research and want to offer real-time management solutions.

Courses after MBA:

(i). Ph.D.

(ii). CFA

(iii). CMA

(iv). Fellowship Program in Management

(v). PhD in Management

Skills that make you the best manager

Skills form the basis of any profession. Here are the skills that make graduates professionally strong and competent:

(i). Interpersonal Skills

(ii). Communication Skills

(iii). Digital Marketing

(iv). Problem-Solving

(v). Teamwork

(vi). Creativity

(vii). Critical Thinking

FAQs

(1). What is an MBA course?

Answer: The MBA course is a postgraduate degree program in management that prepares students for management positions later in their careers.

(2). What is mba full form?

Answer: The full form of an MBA is a Master of Business Administration.

(3). What qualification is required for MBA?

Answer: People who have bachelor's degrees in the arts, sciences, or commerce can choose to pursue an MBA postgraduate degree.

(4). Which MBA course is the best?

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.

(5). How much does a program leading to an MBA cost?

Answer: The average fee of an MBA degree program ranges from Rs 4 lakh to Rs 25 lakh for the complete program.

(6). What is the duration of an MBA?

Answer: The total duration of a full-time MBA degree program is two years equally segregated into 4 equal semesters.

(7). Do I need to appear for the entrance exam for MBA admission?

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 MBA from a reputed MBA college, taking an entrance exam is a must.

(8). Is MBA a good career?

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.

(9). Which MBA has the highest salary?

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.

(10). What is the difference between MBA and PGDM?

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.

(11). What is the admission process for an MBA degree program?

Answer: Admission to MBA degree programs in private and government colleges is provided based on national, state, or university-level entrance examinations.

(12). I have a Bachelor of Arts degree. Which MBA specialization is best for me?

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.

(13). Can I pursue MBA through correspondence?

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.

(14). What to do after the MBA course?

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 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.

(15). Why choose MBA?

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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