Masters in Business Administration(MBA) (Course Details, Eligibility, Admission)
By admin | Last Updated Nov, 2022
Masters in Business Administration(MBA)
MBA is probably one of the most popular and most recognized professional postgraduate courses in India and around the world. MBA stands for Masters in Business Administration. This two-year professional course comes with tons of amazing job opportunities and career prospects. This course involves the advanced study of management and business-oriented skills to create successful future entrepreneurs.
MBA curriculum includes the study of core business-related subjects such as economics, marketing, human resources, finance, sales, and customer service. And while it seems like a management degree, it is much more than that. Graduates can work in the best of the best private and government-owned companies around the world and they are free to start their own business initiatives.
In the last two decades, MBA has gathered a lot of significance in terms of importance. There are a plethora of job opportunities for MBA graduates and for most of the high scale managerial jobs, MBA has become a necessity, and today a lot of students of disciplines such as management, commerce, hospitality, and even engineering are pursuing MBA to polish their future bright. Down below, we have mentioned complete Masters in Business Administration(MBA) course details.
MBA Course Highlights
| Course Name | Masters in Business Administration |
| Course Level | Postgraduate |
| Course Type | Semester-wise |
| Course Duration | 2 Years |
| Eligibility Criteria | Minimum 50% aggregate in any Bachelors’ Degree |
| Average Fees | INR 3 to INR 10 lakh Rupees |
| Admission Process | Entrance Exam and Merit-based |
| Average Salary | INR 6 LPA to INR 25 LPA |
| Job Opportunities | Accenture, Wipro, Infosys, Deloitte, HDFC Bank, Amazon, Genpact, HCL, Tech Mahindra Limited, Ernst & Young, Cognizant Technology, etc. |
| Job Prospects | Chief Executive Officer, Human Resource Manager, Marketing Manager, Operations Manager, Financial Analyst, etc. |
Read More Top colleges for MBA in India
MBA Eligibility Criteria
The admissions in an MBA course are done on the basis of university/state/national level entrance exams. Also, students must fulfill the following criteria to be considered eligible.
- Candidates must possess a Bachelor’s degree with at least 50% aggregate or more from a UGC-recognized university.
- There is a special reservation for the candidates belonging to SC/ST or PWD category, and they only require to have a 45% aggregate to be eligible to feature in the MBA entrance exam.
Top MBA Entrance Exams
There are many MBA colleges out there but everybody wants to enter into the most prestigious one. Getting admission to an MBA college is not very easy at all. There is a series of challenges one must face in order to get admission to the best B-schools in India. If you are eligible, you will have to go through one of the following entrance exams.
- Common Admission Test (CAT)
- Management Aptitude Test (MAT)
- Xavier’s Aptitude Test (XAT)
- Symbiosis National Aptitude Test (SNAT)
- Common Management Aptitude Test (CMAT)
- ICFAI Business School Aptitude Test
- Indian Institute of Foreign Trade (IIFT)
- MICA Admission Test (MICAT)
State governments also conduct Entrance Exams, some popular exams are:
- Gujarat Common Entrance Test (GCET)
- University of Hyderabad’s CET (UOHYD)
- Karnataka Management Aptitude Test (KMAT)
- Tamil Nadu Common Entrance Test (TANCET)
Types of Masters in Business Administration(MBA)
There is a massive demand for MBA courses, thus different many types of MBA courses have come into existence, focusing on the needs and comfort of the students. MBA courses can be divided into 4 types – Full-time MBA, online MBA, Executive MBA, and Part-time MBA.
Full-Time MBA
- Full-time MBA is the most distinguished of MBA courses and the most extensive one too in terms of education. It is a full-time 2 years integrated management course and one of the most popular ones too. There are many specializations in a full-time MBA.
- You will have to feature in the entrance exams like CAT, MAT, CMAT, XAT, etc in order to get admission to the full-time MBA program.
- The average fee for pursuing a full-time MBA is around INR 3 to INR 30 Lakhs.
Executive MBA
- It is the shorter version of the full-time MBA and generally takes one year to graduate. That’s why it is also called a part-time MBA program.
- It is designed for people in job profiles, who are already working. To educate entrepreneurs, managers, technocrats, businessmen, etc, and lay emphasis on teamwork.
- Students who undertake part-time MBA programs get to study detailed management subjects such as Human Resource Management, international business, finance, marketing, etc.
- This course also introduces students to highly efficient management skills like Strategic Management.
Online MBA
There are many universities that offer Online MBA courses which are approved by UGC.
- MBA has grown popular than any other professional course in the last decade and that’s why many big universities are now providing online MBA, even IIMs provide online MBA.
- Now the question arises, how is the online MBA varies from Distance MBA? It’s simple. Online MBA doesn’t ask students to attend classes instead they can follow the course at their own time.
- The eligibility for an online MBA is similar to a regular MBA. Graduation in any discipline with at least 50% aggregate.
Distance MBA
- Distance MBA is a correspondence form of MBA and is a 2-year postgraduate degree program in business and management. It is the best option for students who are unable to pursue a regular MBA program.
- Some institutes give admission in the Distance MBA program on the basis of national level entrance tests like CAT, MAT, GMAT, but most institutions conduct their own entrance tests.
Top MBA Specializations
| MBA in Finance Management | MBA in Marketing |
| MBA in Human Resource Management | MBA in Rural Management |
| MBA in Health Care Management | MBA in Information Technology |
| MBA in Operations Management | MBA in Business Analytics |
| MBA in Digital Marketing | MBA in International Business |
| MBA in Media Management | MBA in Sports Management |
| MBA in Hospitality Management | MBA in Interior Design |
| MBA in Supply Chain Management | MBA in Banking |
MBA syllabus (General)
| Semester 1 | Semester 2 |
| Corporate Social Responsibility | Macroeconomics |
| Microeconomics | Business Law |
| Principles of Marketing Management | Operations Management |
| Tools and Framework of Decision Making | Optimization and Project Research |
| Principles of Accounting | Corporate Finance |
| Quantitative Methods and Statistics | Project Management |
| Business Communication and Soft Skill | Marketing Management |
| Organizational Behaviour 1 | Organizational Behavior 2 |
| Semester 3 | Semester 4 |
| Supply Chain Management | |
| Financial Modeling | |
| Strategic Management | |
| Business Intelligence | |
| Corporate Governance and Business Ethics | |
| Marketing Research | |
| Corporate Finance 2 | |
| Managerial Economics |
Note: There are numerous specializations in an MBA program. Each specialization has its own set of subjects.
Why study MBA?
There are many reasons as to why study MBA, but the topmost reason would to – to boost your career. In today’s world which is undoubtedly super competitive in nature especially the business world, you need to possess some extra managerial skills and leadership qualities to get an edge and work in a prestigious organization. If you get expertise in a certain niche, it will help you manage and lead the company in the right way. MBA degree is no joke. It will help you get ahead in your career and switch to your dream jobs. Down below we have listed some of the reasons to pursue an MBA.
- Developed Managerial Skills
- Better Job Prospects
- Massive Salary Hike
- Increased Industrial Network Building
- Entrepreneurial Opportunity
- Global Exposure
- Better Leadership Skills
MBA Career Opportunities and Job Prospects
As mentioned earlier, MBA opens up the door for a plethora of job opportunities in both India and abroad. There are public, private, and government jobs available for MBA graduates. It also opens up your mind to business prospects and entrepreneurial opportunities.
Your career options also depend upon the college/institute that you have graduated from. Top business schools like IIMs in India attract and brings top-notch MNCs to the placement and it has been noticed that their student’s placement percentage is far more than those in other institutes.
Job Areas Job Types Marketing IT Services Marketing Head, Brand Manager, Brand Manager, Sales Manager Banks HR Manager, Administrative officer, marketing manager, VP, operation head, account manager Educational Institutes Administration, Trainer Business consultancies HR Managers, Management consultants Business Entrepreneurs, Startups Financial Agencies HR Managers, Administrative officers, Recruitment Managers, etc. Tour and Travels HR Manager, Administrative Officer Industrial Houses Project Managers, Administrative Officers, Finance Managers, Marketing Managers, Zonal Business Manager
MBA Top Recruiters
- Amazon
- Tata
- Infosys
- Wipro
- HCL
- ITC
- Reliance
- Microsoft
- Citibank
- TATA
- CIPLA
- Accenture
- Asian Paints
- Aditya Birla Group
- Deloitte
- Bajaj
