MBA – Full form, Course, Salary, Eligibility, Scope, Admission 2024

MBA – MBA is a two-year professional postgraduate degree programme that focuses on modern management abilities, giving students a diverse range of management career choices. MBA Admissions in 2024 will be based on MBA Entrance Exams, with a GD/PI round following.

To apply for MBA courses, students must have a minimum of 50% in their undergraduate degree from any field. Depending on the college a candidate chooses, the typical fee for an MBA course ranges from INR 2 to 20 LPA.

What is MBA?

MBA stands for Master of Business Administration in its full form. It is a postgraduate study, and the minimum eligibility criteria for M.B.A. Admission is 50 per cent in bachelor’s degree (5 per cent relaxation is given in some M.B.A. colleges), although top M.B.A. colleges in India, such as IIM Ahmedabad, IIM Bangalore, and IIM Calcutta, demand a minimum of 60%.

Depending on the M.B.A. college, M.B.A. fees range from INR 2 to 30 LPA. The most common sort of M.B.A. (Master of Business Administration) programme undertaken by students in India is the full-time (2-year) MBA. In comparison to other Masters’ Courses, the M.B.A. Syllabus is the most market-oriented. Marketing Management, Supply Chain Management, Operations Management, Strategic Management, and other M.B.A. subjects are available.

Why Choose MBA?

MBA is a degree programme that provides students from a variety of backgrounds with the opportunity to work in higher-level positions. According to the candidates’ past backgrounds and areas of interest, the degree programme provides over 25 specialisations.

M.B.A. is one of the greatest degree programmes to undertake if students want to succeed in their careers. Furthermore, candidates can choose from a variety of M.B.A. programmes based on their schedule and availability, including part-time, online, distance, and executive M.B.A. programmes.

MBA Course Eligibility Criteria

Aspirants can choose between a traditional full-time M.B.A. and a remote MBA. Although all institutions offering M.B.A. degrees have the same basic eligibility requirements, some colleges may make changes to the M.B.A. eligibility criteria to meet their needs. The following are the basic qualifications that an applicant should possess in order to pursue an M.B.A. degree as a postgraduate degree:

  • Aspirants must hold a Bachelor’s Degree (BA, B.Com, B.Sc, BBA, BCA, B.Tech, B.Arch, etc.) in any subject, including technology, science, commerce, humanities, and architecture, from a recognised university or national institution.
  • The minimum percentage required for a graduation degree is 50%, as most universities/institutions require.
  • Aspirants in their final year of college can apply for an M.B.A., but they must submit their final graduation certificate within a certain time frame.

MBA Courses Admission Process

In general, M.B.A. entrance tests at the national or state level are used to determine admission to business schools in India. Some institutes, on the other hand, prefer to hold their own entrance tests and offer M.B.A. admission based on the results.

MBA admission on the basis of merit

In most cases, admission to M.B.A. degree programmes in private and public universities is based on a national, state, or university-level examination. M.B.A. admission is a time-consuming process that comprises an aptitude test, a personal interview, and a communication test. As a result, admission to M.B.A. programmes is solely based on entrance exams.

MBA admission on the basis of the Entrance Examination

Eligible individuals seeking admission to M.B.A. programmes at India’s top B-Schools must pass one of the entrance exams listed below, depending on their preferred college/university/institute. After passing any of the M.B.A. entrance tests, candidates must go through a screening/written ability test/personal interview, etc., depending on the institute’s preference and M.B.A. admissions selection procedure.

  • National Level Test – There are several exams that are taken frequently and are held at the national level. All participating colleges/institutions acknowledge the results of such tests. The CAT, MAT, XAT, ATMA, CMAT, IIFT, and other major national M.B.A. entrance tests include the CAT, MAT, XAT, ATMA, CMAT, IIFT, and others.
  • University Level Test – In addition to the above-mentioned assessments for M.B.A. admission, certain institutes also admit candidates based on tests administered by them. NMAT/NMIMS, CUSAT, SNAP, IPU CET, IRMASAT, and other university-level assessments are examples.

MBA Course Preparation Tips

The following are some tips for preparing for an M.B.A. course.

  • Get a Grip of the Syllabus – Get a hold of the exam syllabus you’re studying for, develop a list of topic-by-topic strengths and weaknesses, and work on them diligently.
  • Exam Pattern and Test Structure – While preparing for the exam, understand the exam pattern and test structure in order to create a time-bound exam preparation strategy.
  • Make a Month-by-Month Preparation Plan – Aspirants can go over the syllabus for the exam they’re studying for and then create a timetable or routine based on it.

MBA Course Fee structure

In India, there are over 6,500 business schools offering M.B.A. programmes. The cost of an M.B.A. programme varies depending on the institution. The normal price is between 3 and 30 LPA.

MBA Specializations

Candidates can pursue an M.B.A. with a specialisation in a certain field in addition to the standard M.B.A. programme. In India, candidates can choose from a variety of M.B.A. specialisations. Every candidate should select a branch or specialisation during their M.B.A. degree because it will better prepare them for specialised domains such as finance, operations, human resources, sales, and marketing, to mention a few. The following is a list of the most popular M.B.A. specialisations.

  • Finance
  • Agriculture & Food Business
  • Infrastructure
  • Advertising
  • Marketing
  • Materials Management
  • International Business
  • NGO Management
  • Sales
  • Oil & Gas
  • Disaster Management
  • Pharma
  • Human Resources
  • Retail
  • Energy & Environment
  • Project Management
  • Operations
  • Rural Management
  • Import & Export
  • Sports Management
  • Product
  • Supply Chain
  • IT & Systems
  • Telecom
  • Business Analytics
  • Textile Management
  • Healthcare & Hospital
  • Transport & Logistics
  • Digital Marketing
  • Forestry
  • Business Economics
  • Public Policy
  • Entrepreneurship
  • Hospitality

MBA Syllabus and Subjects

Finance and human resource management, as well as management and marketing techniques, are all included in the MBA programme. The study, testing, sales, consulting, administration, and distribution are only a few of the topics covered in the course. It brings together a variety of management and analytical talents, as well as business tactics.

  • Marketing Management
  • Financial Management
  • Strategic Management
  • Legal Aspects of Pharmaceutical Business
  • Entrepreneurship
  • Human Resource

MBA Higher Studies

The MBA programme provides exceptional work opportunities in a variety of fields, including sales, marketing, institutions, automobiles, banking, and much more. After completing the Master’s degree programme, the aspirant can enrol in a variety of certification courses to boost their business credibility and build their CV. If you have a strong interest in research and wish to deliver real-time management solutions, you can pursue a PhD in Management.

  • PhD
  • CFA

What after MBA?

Aspirants can either start working as full-time professionals, start their own businesses, or continue their education after completing the MBA degree programme. Aspirants who want to pursue a career in business research and management studies usually enrol in a higher degree programme.

  • Option 1 – After completing an MBA degree programme, candidates can begin working as full-time staff managers in the corporate sector, earning an average of Rs 12 lakh per year or more.
  • Option 2 – Alternatively, students can pursue higher education and a career in research by enrolling in a PhD programme in management or a similar discipline.

MBA Scope

M.B.A. -qualified individuals are in high demand in both the public and private sectors.

There will be a myriad of professional choices available to you after you complete your M.B.A. degree. Banks, brands & Marketing, Educational Institutions, Financial Organizations, Multinational Companies, Industrial Houses, and other businesses may hire you.

The demand for business managers has risen substantially as a result of liberalisation and privatisation. You can also work as a teacher in a variety of reputable institutions or universities.

After earning an M.B.A., you can work in a variety of fields, including banking and finance, information systems management, investment banking, management consulting, data analytics, entrepreneurship, and so on. M.B.A. has a large and promising future both in India and overseas. You have the option of working in both the public and private sectors.

MBA Job Profiles

Aspirants are invited to apply for the following positions.

  • Account Manager
  • Marketing Manager
  • Project Manager
  • Human Resources (HR) Manager
  • Management Consultant
  • IT Services Marketing Head
  • Chief Technology Officer
  • Computer and Information Systems Manager
  • Financial Manager
  • Health Services Manager
  • IT Manager
  • Financial Advisor

MBA Top Recruiters

Candidates who have completed an M.B.A. degree programme can find work in practically any industry; however, some speciality recruiters hire M.B.A. grads specifically for their job requirements. M.B.A. graduates can be hired through a variety of methods, including college placement, agency recruitment, direct hiring, third-party sourcing, and more. The following list of top recruiters for M.B.A. grads may be found by candidates.

  • Google
  • Deloitte
  • NTPC
  • Citibank
  • ITC
  • Vodafone
  • Larsen & Toubro
  • Nestle
  • Flipkart
  • Microsoft
  • Amazon
  • Wipro

MBA Salary

An MBA can help you advance into higher-paying managerial roles.

An MBA degree can earn you a salary of Rs. 3 to 4 lacs per year on average. Salary packages will be determined by your job title, industry, talents, and expertise in this field. Graduates’ MBA salaries will vary depending on where they live in the country. If you hold an MBA from a reputable college or university, you may expect to earn between Rs. 6 and 8 lacs per year on average.

MBA colleges

Here is given below the list of Some reputed colleges and universities to pursue MBA courses.

  • Indian Institute of Management
    • Ahmedabad
    • Bangalore
    • Calcutta
    • Lucknow
    • Indore
    • Kozhikode
    • Indian School of Business, Hyderabad, and Mohali
    • S P Jain Institute of Management and Research, Mumbai
  • IMT – Institute of Management Technology, Ghaziabad
  • XLRI – Xavier Institute of Management, Jamshedpur
  • Faculty of Management Studies, Delhi

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Got a question?

Frequently Asked Questions

The Master of Business Administration (MBA) is a globally recognised degree that focuses on developing the abilities needed for business and management positions. The MBA’s value, on the other hand, isn’t restricted to the corporate sector.

Selecting the doorway exam is the first step in cracking the MBA entrance exam. After graduation, candidates frequently take the CAT Exam in order to be considered for MBA admission. CET, MET, XAT, and SNAP are other major MBA entry tests in India. The GMAT and GRE are required for admission to top business schools around the world.

The following are the requirements for an MBA after 12th grade: In your 10th and 12th grades, you must achieve a minimum of 60%. There should be no more than a three-year gap between your 12th and 13th grades. Successfully complete the entrance exam.

Banking and finance jobs for MBA grads pay between 10 and 15 lakhs per year as a starting wage. Though these high salaries are reserved for graduates of the country’s best colleges, an MBA from another school might start you off with a salary of 4 to 5 lakh per year.

An entry-level MBA in IT graduate with a salary of Rs. 5,00,000 per year is possible. An MBA graduate with 1-4 years of experience might earn Rs. 577,793 per year. An IT Manager’s average compensation is around 12 lakhs.

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