MBA (Business Management) - Xavier Institute of Management (XIM, Bhubaneswar)

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

Business management, in its most basic form, is the coordination and management of business activities, tasks, and resources to achieve a specific goal. The MBA in Business Management and the Master of Business in Business Management are two-year postgraduate courses. The focus of the degree is on business-related activities on topics such as change management, talent management, business negotiations, financial management, and accounting. The Business Management degree is designed to help students understand organizational behavior and its psychology and to help them find business solutions. It is one of the specializations of the MBA course. Students interested in pursuing MBA in Business Management can find lucrative job opportunities in various domains.

 MBA in Business Management Course Highlights

Particulars Values
Course Name Master of Business Administration in Business Management
Course Level Post Graduate (PG)
Course Duration 2 Years
Examination Type Semester Based
Eligibility Criteria Graduation with a minimum 50% mark from a recognized college/university
Admission Process Merit-Based/ Entrance Based
Specialization Business Management
Internship Yes
Entrance Exams MAT, CAT, GMAT, CMAT, SNAP, ATMA, NMAT, XAT, UPCET, KMAT, ISBF Entrance Test
Course Fee INR 1 to INR 6 LPA
Average Annual Salary INR 2 to INR 20 LPA
Top Recruiting Companies Accenture, Capgemini, Deloitte, KPMG, Mckinsey and Company, Wipro, Infosys, Bain and Company, Grant Thornton, etc.
Job Profiles Assistant Manager, Sales and Business Development Manager, Quality Control Manager, Product Development Executive, Production Manager, Benefits Analyst, Payroll Manager, etc.

Why Study MBA in Business Management?

For many professionals, earning an MBA in business management seems like the natural next step in their professional development. The benefits of an MBA apply regardless of the industry or specialty. However, given the time and expense involved, some people may wonder if an MBA in Business Management is worth it. Let's look at some of the benefits of studying this degree to find out why you should pursue an MBA in Business Administration:

Better Understanding of the Global Market: Earning an MBA in this specialization allows graduates to have direct contact with students from around the world, each with their own work experience and perspective on the global economy. MBA students can expand their knowledge of different industries and business sectors in India and around the world and learn from academics.

Improving Communication Skills: Effective communication is a key skill that professionals must have in order to be successful. Communication can be seen as a “soft skill” compared to “hard skills” like building an income statement model, but it is still valuable. An MBA in Business Management can help you sharpen your skills in verbal and written communication and correct the concepts of people at different levels of business to ensure that the entire world can achieve one goal for years.

Expand Your Professional Network: Earning an MBA degree permanently connects graduates to a global network and gives them access to respected and intelligent people they might not otherwise have met. In addition to being part of a larger community, graduates have the opportunity to connect with other professionals both inside and outside of the classroom.

Expanding job opportunities: In a highly competitive job market, a professional degree can help a candidate stand out from the crowd. An MBA in business Management can be beneficial in any business, from energy to consumer goods to startups. Employers often seek applicants with an MBA in business management to hire or promote because they have marketing and financial skills that others in the company may lack. This allows them to immediately launch various initiatives and help their business increase sales.

Better Time Management: Earning an MBA requires you to balance extracurricular activities with a demanding academic workload, not to mention other personal and professional commitments. Earning an MBA in business can help graduates manage their time well, which is not only a desirable skill for employers but also a valuable skill in life.

Types of MBA in Business Management

Like all other MBA programs in Business Management are available in various modalities and formats. Traditionally, the two-year full-time MBA is the most popular choice for management candidates in India; However, due to the flexibility, different types of MBA degrees have gained popularity in recent years.

Full-Time MBA: This is a two-year, full-time MBA program in business administration. This is a residential program that includes physical classes, live projects, semester-by-semester assessments, a summer internship, and graduate internships.

Part-Time MBA: The Part-Time MBA in Business Management is not a full-time program and is best suited for workers who want to learn important managerial skills. There are no internships or career opportunities on campus. of internships in part-time MBA programs. Part-time MBA programs are offered at private colleges and public universities.

Distance Learning MBA: A candidate applying for a Distance Learning MBA in Business Management will do so through remote contact and correspondence. Being affordable and flexible, the course is ideal for those short on time and money. It is possible to complete the course in 2-5 years.

Online MBA: Due to its simplicity and flexibility, this is the most popular mode of MBA program today. Instruction in the online MBA in Business Management takes place via video conference and grades, exams, and grades are exchanged via LMS. Because there are no physical classes with an online MBA, you can study in one city while residing in another. There are also no attendance restrictions as conferences are recorded and stored in the LMS.

Executive MBA: This program is designed specifically for professionals with more than five years of experience. The curriculum is comparable to that of a full-time MBA in Business Management program, however, it is shorter in duration (15 to 19 months).

MBA in Business Management Eligibility Criteria

The Eligibility Criteria for the MBA in Business Administration remain the same for most MBA degree providers, some colleges may make changes to the MBA admission criteria based on requirements. Applicants from a variety of academic backgrounds can pursue an MBA in Business Management. An MBA in Business Management must be accepted for the program. Candidates must follow the below requirements:

Students must have a degree from a recognized institution or college in any specialization.

Students must have a bachelor's degree with a total score of at least 55%.

Students must pass an entrance test with a minimum threshold set by the institution, followed by a group discussion and a face-to-face interview.

MBA in Business Management Admission Process

An MBA in business management varies by college. Some institutions offer admission based on the results of entrance exams and bachelor's degrees from various colleges or universities. MBA in Business Management is in high demand in India and other colleges consider applicants' performance in entrance exams, group discussions, and face-to-face interviews when preparing for their shortlist. Students can find the full admissions process for the top colleges offering an MBA in Business Management. Based on the grades obtained in the first exams, students are admitted to top MBA universities.

Students have to pass an entrance exam at the university to which they apply. It can be any entrance exam such as CAT, MAT, XAT, CMAT, or SNAP.

Students who pass the mandatory entrance exam can continue their studies at the university of their choice.

Some institutes recruit on the basis of grades obtained in all phases of the entrance examination. Students who qualify for the required course entrance exam, followed by a group discussion and personal interview, may continue their studies at the university of their choice.

Skills Required for MBA in Business Management

The MBA course "Business Management" is intended to create a solid foundation in management disciplines and strong analytical skills in order to be able to survive in global competition. This course helps students learn and deepen their understanding of organizational behavior and psychology in solving real-world business problems. The necessary skills are:

Resourceful

A Good Communicator

A Multitasker

Approachable

Analytical

Strategic

MBA in Business Management Fee Structure

Fees for an MBA in Business Management range from INR 56,000 to LPA 3. Fees may vary by college or university depending on the type of institution, location, infrastructure, faculty, and available facilities. Below are some colleges and their fee structure.

Name of College Average Annual Fees
Anna University, Chennai INR 56,000 PA
GGSIPU, Dwarka INR 56,000 PA
University of Delhi, Delhi INR 3 LPA
Amity University, Noida INR 11.5 LPA
IIM, Bangalore  INR 12 LPA

Top Colleges Providing MBA in Business Management 

Name of College Average Annual Fee (INR) Location
Guru Kashi University INR 62,580 PA Punjab
NIMS University INR 60,000 PA Jaipur
University Of Hyderabad INR 83,580 PA Hyderabad
Prestige Institute of Management and Research INR 1,20,000 PA Indore
JSS Academy of higher education and Research INR 1,79,000 PA Karnataka
Chandigarh University INR 1,80,000 Chandigarh
Nalsar University of Law INR 3,43,000 Hyderabad

Jobs and Placements in MBA in Business Management

MBA in Business Management job positions are available in both the public and private sectors. The course offers many opportunities in corporations, multinationals, banking, and financial institutions, and in the public and private sectors. There are more comprehensive MBA job opportunities in the field of business administration after completing a course at a reputable university. Due to the growing demand, the MBA degree in business management is very popular.

Private Jobs:

A pool of positions is available in the private sector for MBA graduates in Business Management with an average salary of INR 5-11.6 LPA. Private vacancies exist in industries such as manufacturing, multinationals, etc. Some of the job titles are:

Job Profiles Salary
Assistant - Human Resource Management INR 5.14 – 6.10 LPA
Sales and Business Development Manager INR 5.70 – 7 LPA
Manager- Human Resource INR 6.18 – 7 LPA
Executive Human Resource INR 6.20 – 8 LPA
Quality Control Manager INR 9.80 – 11.60

Government Jobs

Many governmental organizations in India employ MBA graduates in Business Management in various positions. The average salary for an MBA in Business Administration in India is INR 3-7 LPA. Government Business Management MBA careers include positions such as:

Job Profiles Salary
General Manager INR 3.6 LPA
Manager INR 3.75 LPA
Executive INR 4.25 LPA
Business Executive INR 4.5 LPA
Accounts Officer INR 5.45 LPA

Abroad Jobs

Top International Recruiting Companies that hire MBA in Business Management graduates are:

Randstad India

Facebook

E&Y

Shella Consultants

Axis Bank

Job Profiles

Some of the famous expert avenues open to successful graduates of the MBA in Business Management degree are indexed underneath with the corresponding salaries provided for the respective positions.
Job Profiles Job Description Average Salary in INR
Assistant Manager An Assistant Manager, or Associate Manager, is responsible for implementing workflow procedures based on direction from the company's General Manager INR 8,62,000
Quality Control Manager A quality control manager supervises staff and oversees product development procedures to ensure that products meet quality and efficiency standards. INR 17,20,000
Production Manager Production Managers are responsible for allocating labor resources, tracking production schedules, and cost adjustments to ensure everything runs smoothly. INR 10,00,000
Payroll Manager The Payroll Manager will oversee and supervise the organization's payroll functions, ensuring pay is processed on time, accurately, and in compliance with government regulations INR 10,22,099

Scope for MBA in Business Management

After completing an MBA in Business Management, students can work for large multinational corporations or choose to pursue postgraduate studies in management. Students can pursue higher education, including degrees such as an M.Phil or Ph.D. in economics. There are several options for graduates of the MBA degree in Business Management, they are in demand across all industries.

MBA in Business Management: Career Prospects

There are many job opportunities for MBA graduates. After graduating with a degree in business management, candidates can apply for positions that match their experience and specialization. Major job areas such as finance, corporate, banking, and government departments. The average salary for an MBA in Business Management is around 8 million rupees. They can also apply for training courses in the companies before applying for a full-time job. Jobs after completing MBA in Business Management are in great demand in the present scenario.

 FAQs

(1). What are the MBA Business Management Fees in good B-school?

Ans: MBA in Business Management Fees in top MBA colleges for a 2-year full-time program is in the range of Rs.1 lakhs to 6 lakhs.

(2). Should I opt MBA in Business Management?

Ans: It more depends upon your liking. However, an MBA is generally considered a worthy investment for most people with a career in business, however, people pursue this level of education at different points in their careers.

(3). Which are the top entrance exams for MBA in Business Management?

Ans: The top entrance exams for MBA in Business Management are MAT, CAT, GMAT, CMAT, SNAP, ATMA, NMAT, XAT, UPCET, and KMAT.

(4). Does MBA in Business Management has a good scope?

Ans: The MBA program in business management is one of the most diverse, not only in terms of employment opportunities but also in terms of college opportunities for graduates. Depending on their future goals, students can find a suitable job in their field or a degree program adapted to their future education. An MBA in Business Management graduate has many opportunities for employment or higher education.

(5). Is MBA Business Management costly?

Ans. The answer lies in the institution you prefer to study. The annual fees for the course vary from 20,000 to 40,00,000 INR depending on the quality of the institutions.

(6). Which are the top colleges for MBA in Business Management in India?

Ans: Top colleges in India for MBA in Business Management include- Xavier Institute of Management and Research, Mumbai, University of Hyderabad, LPU Jalandhar, IIM Indore, IIM Calcutta, IIM Kozhikode, IIM Lucknow, AGBS Noida, NLU Hyderabad, BIBS Kolkata

(7). What is the admission process for MBA in Business Management?

Ans: Admission to the MBA in Business Management is based on the entrance exams followed by a series of personality tests (group discussion or GD, written proficiency test, and personal interview or PI). As a general rule, students must have a bachelor's degree greater than 50% in each major in order to enroll in an MBA Business Management program.

(8). What is the highest MBA Business Management salary?

Ans: The highest salary in MBA Business Management is around INR 32 LPA.

(9). What is the average salary for an MBA in Business Management fresher?

Ans: It all depends upon the sector you enter and the job role you undertake. The most common average annual salary post-graduation for an MBA in Business Management is 7,71,801.

(10). What is the Eligibility Criteria for an MBA in Business Management?

Ans: TEligibility criteria for the MBA in Business Management include a bachelor's degree in any discipline, completed at an accredited university with a minimum cumulative score of 50%. 

(11). What is the minimum CAT score to get admission to IIM?

Ans: It depends on which IIM you choose to study and the student’s profile. However, most IIMs expect 85-90 percentile while there is some relaxation for SC/ST candidates.

(12). Is it advisable to pursue MBA immediately after graduation or we can pursue it after gaining some work experience?

Ans: The choice depends upon your needs and your aim. However, it is advisable to gain some experience in work and then one could opt for MBA to have a better understanding of the job scenario. Most foreign universities demand a minimum of 3 to 5 job experiences as eligibility to seek admission into the course.

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