MBA (Master of Business Administration) Course: Full Form, Degree, Subjects, Top Colleges

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Apr 20, 2024 13:10PM IST

What is an MBA Course?

MBA stands for Master of Business Administration, which is a two-year postgraduate course aimed at shaping individuals into skilled leaders. It offers various study options like full-time, part-time, or online, each with its own range of specializations such as Finance, Marketing, Human Resources, or Entrepreneurship. The MBA syllabus equips individuals with the skills and knowledge needed to thrive in the world of business, offering a pathway to success and prosperity. For MBA admission, one needs a bachelor's degree with at least 50% marks and a decent score on MBA entrance exams like CAT, XAT or CMAT. However, some colleges may admit students based on their academic record alone.

In India, prestigious institutions like IIMs, IITs, IIFT, XLRI, MDI Gurgaon, JBIMS, and SIBM offer MBA course. The total fees generally range between INR 20,000 to INR 40 lakhs, with MBA courses from top IIMs costing around INR 20-30 lakhs. Upon graduation, students can expect to find MBA jobs like Finance Manager, HR Manager, Sales Manager, or Marketing Specialist, with MBA salary starting from around INR 5-8 lakhs per year for beginners and reaching up to INR 30-55 lakhs for experienced professionals. Students who want to understand what is an MBA degree and what it includes can keep reading to find the complete information below.

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MBA Latest Update

March 7, 2024 1:00 PM

AP ICET 2024 application form was released on March 6, 2024, on the official website at Candidates can complete the registration by April 7, 2024. Sri Krishnadevaraya University will conduct the exam on May 6 & 7, 2024, on behalf of APSCHE.

March 14, 2024 1:00 PM

CMAT 2024 registration will begin soon, most likely in the second week of March 2024. NTA will announce the exam date along with the release of the application form on the official website. The exam is expected to be conducted in April/ May 2024.

March 12, 2024 4:00 PM

MAH MBA CET 2024 exam was conducted on March 9, 10 & 11, 2024, in 36 cities across Maharashtra and 12 cities in the rest of India. Candidates who appeared for the exam can check out the detailed MAH MBA CET 2024 exam analysis.

March 4, 2024 12:00 PM

KMAT Kerala 2024 exam was conducted on March 3, 2024. Candidates who appeared for the exam can check the KMAT Kerala Exam Analysis 2024 to know the difficulty level, good attempts, and more.

March 8, 2024 10:03 AM

The TS ICET application form 2024 was released on March 7, 2024, and be accessible till April 30, 2024, without a late fee. The exam will be conducted by Kakatoiya University on June 4 & 5, 2024, in computer-based mode.

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MBA Course Highlights

If you are interested in pursuing an MBA course, check out the major highlights mentioned below.

Course NameMBA or Master of Business Administration
Course LevelPostgraduate
Types of CoursesFull-Time, Part-Time, Distance, Online, Executive, Integrated
MBA Course Duration
  • Full-Time MBA: 2 Years
  • Part-Time MBA: 2-3 Years
  • Distance MBA: 2-3 Years
  • Online MBA: 2-3 Years
  • Executive MBA: 15-18 Months
  • Integrated MBA: 5 Years
Top SpecializationsSales, Marketing, Finance, Human Resources, IT, Operations, Business Analytics, etc.
MBA Eligibility CriteriaA bachelor's degree in any stream from a recognized university with a minimum of 50-% marks.
Top B-Schools in IndiaIIMs, IITs, XLRI Jamshedpur, MDI Gurgaon, SIBM Pune, SPJIMR, NMIMS, JBIMS, FMS Delhi, etc.
MBA Fees in IndiaINR 20,000 to 40 Lakh
Top Job ProfilesHR Manager, Brand Manager, Product Manager, Marketing Manager, Sales Manager, Financial Analyst, Business Analyst, etc.
Average Salary in India
  • Entry Level: INR 5 LPA to 8 LPA
  • Mid Level: INR 10 LPA to 18 LPA
  • Senior Level: INR 30 LPA to 55 LPA
Top RecruitersAmazon, Citigroup, Deloitte, Apple, Bain & Company, Flipkart, Microsoft, Google, Tesla, LinkedIn, PepsiCo, Unilever, Nike, Ernst & Young, and Deutsche Bank.

MBA Course Highlights

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What is MBA Full Form?

MBA full form is MBA is Master of Business Administration (also known as Master in Business Administration). MBA is a post-graduate degree that offers fundamental management knowledge and enhances an individual's skills and abilities to make them competent enough to work at managerial levels. This degree is widely recognized and respected in the business world, offering a gateway to numerous career opportunities across various industries and sectors. Admission to top MBA colleges is done based on MBA entrance exams and a bachelor's degree in Business Administration or any other stream.

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Why Choose an MBA Degree?

MBA is an internationally acclaimed degree preferred by individuals who wish to get a holistic view of the business across areas like finance, marketing, human resources, operations, accounting, etc., all while developing vital skills necessary to lead. If you're wondering ‘Is MBA a useful degree?’ or ‘How does an MBA help your career?’ then read below to get all the answers for why you should do an MBA.

  • Acquire Managerial Skills: MBA course helps develop business acumen and managerial skills and prepares a candidate to perform various managerial duties. It also instils communication, analytical, logical, comprehension, and various other crucial skills.
  • Better Career Opportunities: With an MBA degree from a well-recognized institute, one can find high-paying jobs in some of the biggest organizations in India and abroad. Many working professionals choose MBA courses to boost their careers and grab better career opportunities.
  • Develop Leadership Skills: By pursuing an MBA course, one can acquire leadership roles in top companies across the world. It prepares a candidate to lead a team, convey his ideas clearly to the team members, make decisions that can impact hundreds of people, and keep the functioning and operations of the business intact.
  • Entrepreneurial Skill Development: An MBA helps students understand how a business works and what contributes to its success; thus, preparing them for entrepreneurial roles and starting their own company. So, if you have a burning idea for a business, an MBA course may help you get started.
  • Lucrative Salary & Great Benefits: Students are offered exceptional salary packages between 20-50 lakhs per annum after graduating from an MBA course from a well-established college or university. Through IIM placements, one can even get a package of 70 lakhs per annum and above.
  • Global Exposure to Business and Economy: Professionals working in the Management sector are exposed to businesses and economies of various nations. One can learn about global business administration and management techniques by taking up jobs after MBA.

Why Choose an MBA Degree?

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Who Should Do MBA?

As mentioned above, the benefits of pursuing an MBA course are great; however, the decision should be made based on what a candidate is seeking out of it. If you are not sure about whether you should go for an MBA, check out the below points that discuss who should consider this course.

  • Candidates Who Want to Evolve as Leaders: An MBA is ideal for aspiring leaders eager to develop their leadership skills in any field of interest. If you're ready to refine your managerial abilities and embrace leadership roles, then pursuing an MBA is your path forward.
  • Graduates Looking for a Career in Management: Management is a highly sought-after profession worldwide. If you aspire to work in this field, pursuing an MBA is a worthwhile consideration. Regardless of your undergraduate course, an MBA can launch your career in Management.
  • Individuals Aspiring to Become Entrepreneurs: An MBA equips aspiring entrepreneurs with the essential skills needed to navigate every facet of running a business, from managing finances and operations to empowering sales and marketing teams.
  • Working Professionals Seeking Career Advancement: Full-time executives, with 3-5 years of experience, aiming to boost their networks, skills, and career prospects should do an EMBA. These programs provide an accelerated route to career growth and higher earnings.
  • Business Owners Driven by Desire for Learning: Business owners can leverage an MBA for improved communication, team-building, and management strategies. Enhanced skills in strategic thinking and critical analysis enable them to elevate their business to new heights.
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Types of MBA Courses

In the past, pursuing a full-time MBA degree was the most commonly chosen path for those looking to further their business education. However, in recent years, the landscape of MBA programs has changed significantly. Nowadays, there are a wide variety of MBA courses on offer, each designed to cater to different types of students. With so many options available, students can now choose a course that best suits their needs and goals. Check out the types of MBA courses.

Type of CourseDetailsDurationApprox. Total Fees
Full-Time MBADemands full-time attendance for classes, involvement in extracurricular activities, participation in networking events, and completion of internships or training.2 YearsINR 2 Lakh to 30 Lakh
Part-time MBADesigned for working professionals who wish to pursue further education while continuing to work. Classes are usually held during evenings, weekends, or online.2+ YearsINR 1 Lakh to 10 Lakh
One Year MBAIt is an accelerated program for candidates with significant work experience in business or related fields, offering a comprehensive education in business administration.1 YearINR 10 Lakh to 40 Lakh
Executive MBADesigned for professionals with 3 to 5 years or more of work experience, the curriculum emphasizes strategic leadership, executive decision-making, and advanced management concepts.1-2 YearsINR 10 Lakh to 45 Lakh
Online MBAAn online MBA is delivered entirely over the internet, providing flexibility for students to balance coursework with professional and personal commitments.2+ YearsINR 40,000 to 2 Lakh
Distance MBADistance learning enables students to study remotely from their own location, offering flexibility for those unable to attend on-campus classes due to work, family, or other commitments.2+ YearsINR 30,000 to 2.5 Lakh
BBA + MBA (Integrated MBA)A dual degree program in business administration combines undergraduate and graduate studies, offering students time and cost savings compared to pursuing each degree separately.5 YearsINR 1 Lakh to 17 Lakh

Also Read: Distance MBA vs Online MBA vs Regular MBA

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What is an Online MBA Course?

Online MBA course is a great option for those who don't have time to attend classes due to various responsibilities. If you are a working professional who can't invest time in a full-time MBA program or just need to get a degree from the comfort of your home, then MBA online is a great option. The classes are conducted online and the recorded lectures are also available. The online MBA course subjects are designed to ensure one grasps the core values of the course and also develops the necessary skills.

Candidates can take admission to MBA online from any city to any desired college around the country by filling out the application form. IGNOU, Chandigarh University, LPU, and Symbiosis Centre for Distance Learning are some of the top institutes for online MBA. The annual course fees start from INR 40,000 to INR 2 lakhs, approximately. If you're wondering what is the qualification for MBA online, then it's the same as a regular MBA- you need to have a bachelor's degree with at least 50% marks.

Also Read: 10 Popular Online MBA Courses by Institute

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MBA Eligibility Criteria

Candidates interested in MBA often have many questions like ‘What is the qualification for MBA?’ ‘Can I do MBA after 12th?’ or ‘Does MBA require Maths in 12th?’ Well, to be eligible for MBA admission in India, students need to meet certain requirements that may vary from college to college. Check out the MBA eligibility criteria for different types of courses:

Course TypeEligibility Criteria
Full-time MBA
  • Bachelor's degree from a recognized university with a minimum of 50% marks.
  • Minimum aggregate score of 45% for reserved category candidates.
  • Final-year graduation students are eligible.
  • Professionals with degrees like CA/CS/ICWAI can apply.
  • Work experience may be preferred but not always mandatory.
Part-Time MBA
  • Bachelor's degree from a recognized university with a minimum of 50% marks.
  • Minimum aggregate score of 45% for reserved category candidates.
  • No age limit.
  • Work experience is not mandatory.
Distance MBA
  • Bachelor's degree from a recognized university with a minimum of 50% marks.
  • Minimum aggregate score of 45% for reserved category candidates.
  • No age limit.
  • Work experience is not mandatory.
Online MBA
  • Bachelor's degree from a recognized university with a minimum of 50% marks.
  • Minimum aggregate score of 45% for reserved category candidates.
  • No age limit.
  • Work experience is not mandatory.
Executive MBA
  • Bachelor's degree from a recognized university with a minimum of 50% marks.
  • Minimum aggregate score of 45% for reserved category candidates.
  • Work experience of 3 to 5 years or more.
  • Some programs may prefer candidates with management or leadership experience.

Skills Required for MBA

  • Analytical Skills: Ability to analyze complex data, identify trends, and make informed decisions.
  • Leadership Skills: Capacity to lead teams, motivate others, and drive organizational change.
  • Communication Skills: Strong verbal and written communication skills for effective interaction with stakeholders.
  • Time Management: Skill to prioritize tasks, manage deadlines, and handle multiple responsibilities efficiently.
  • Problem-Solving: Aptitude to identify problems, develop creative solutions, and implement effective strategies.
  • Critical Thinking: Ability to evaluate information objectively, assess risks, and make sound judgments.
  • Adaptability: Flexibility to adjust to changing situations, environments, and business dynamics.
  • Teamwork: Collaboration skills to work effectively with diverse teams and achieve common goals.
  • Financial Literacy: Understanding of financial concepts, including budgeting, forecasting, and financial analysis.
  • Strategic Thinking: Capability to think long-term, develop strategic plans, and align organizational goals with market trends.
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MBA Entrance Exams in India

Mentioned below are some of the top national, state, and university-level MBA entrance exams required to make a cut into the MBA colleges.

Top National-Level MBA Entrance Exams in India

Exam Short NameExam Full NameConducting BodyFrequency
CATCommon Admission TestIndian Institutes of Management (IIMs)Once a year
ATMAAIMS Test for Management AdmissionsAssociation of Indian Management Schools (AIMS)4-5 times a year
MATManagement Aptitude TestAll India Management Association (AIMA)Multiple times a year
CMATCommon Management Admission TestNational Testing Agency (NTA)Once a year
XATXavier Aptitude TestXLRI, JamshedpurOnce a year
NMAT by GMACNMIMS Management Aptitude TestGraduate Management Admission Council (GMAC)Once a year (74-day test window)
SNAPSymbiosis National Aptitude TestSymbiosis International (Deemed) University (SIU)Once a year
IBSATICFAI Business School Aptitude TestIFHE, HyderabadOnce a year

Top State-Level MBA Entrance Exams in India

Exam Short NameExam Full NameConducting BodyFrequency
MAH MBA CETMaharashtra Common Entrance TestState Common Entrance Test Cell, MaharashtraOnce a year
TS ICETTelangana State Integrated Common Entrance TestKakatiya University, WarangalOnce a year
AP ICETAndhra Pradesh Integrated Common Entrance TestSri Venkateshwara University, TirupatiOnce a year
TANCETTamil Nadu Common Entrance TestAnna University, ChennaiOnce a year
KMATKarnataka Management Aptitude TestKarnataka Post Graduate Private Colleges' Association (KPPGCA)Once a year
KMAT KeralaKerala Management Aptitude TestCommissioner for Entrance Exams (CEE)Twice a year
OJEEOdisha Joint Entrance ExaminationOJEE Board (OJEEB)Once a year

Top University-Level MBA Entrance Exams in India

Exam Short NameExam Full NameConducting BodyFrequency
MICATMudra Institute of Communications Admission TestMICA, AhmedabadTwice a year
CUET PGCentral University Entrance Test (Postgraduate)National Testing AgencyOnce a year
SRMJEEMSRM Joint Entrance Exam for ManagementSRM UniversityMultiple times a year
KIITEE ManagementKalinga Institute of Industrial Technology Entrance Exam for ManagementKIIT School of ManagementOnce a year
UPESMETUPES Management Entrance TestUniversity of Petroleum and Energy Studies, DehradunMultiple times a year

MBA Entrance Exam Preparation Tips

Preparing for MBA entrance exams requires a strategic approach to ensure success. Here are some tips to help you prepare effectively:

  • Understand the Exam Format: Familiarize yourself with the exam pattern, types of questions, and marking scheme.
  • Create a Study Plan: Develop a comprehensive study plan that covers all the important topics. Allocate sufficient time for each subject based on your strengths and weaknesses.
  • Focus on Fundamentals: Build a strong foundation in quantitative aptitude, verbal ability, logical reasoning, and data interpretation.
  • Practice Regularly: Solve practice questions, sample papers, and mock tests regularly to improve your speed, accuracy, and problem-solving skills.
  • Learn Time Management: Practice solving questions under timed conditions to improve your speed and accuracy. Learn to prioritize questions and manage time efficiently in each section.
  • Stay Updated: Read newspapers, magazines, and online resources regularly to stay informed about the latest developments.
  • Seek Guidance: Consider joining coaching classes or online courses specifically designed for MBA entrance exam preparation.
  • Review and Analyze: After taking mock tests or practice exams, review your performance thoroughly. Identify your strengths and weaknesses, analyze your mistakes, and work on improving them.
  • Stay Healthy and Manage Stress: Take regular breaks, practice relaxation techniques, and stay positive and focused throughout your preparation journey.
  • Believe in Yourself: Lastly, believe in yourself and stay confident. With dedication, perseverance, and the right preparation strategy, you can crack any MBA entrance exam.

Best Book for MBA Entrance Exam Preparation

If you are planning to appear for popular MBA entrance exams, it's important to have the right study material to help you prepare. To give you a head start, we have compiled a list of highly recommended books that cover a wide range of topics from quantitative aptitude to verbal ability.

Name of the BookAuthor(s)
How to Prepare for Verbal Ability and Reading Comprehension for CATArun Sharma and Meenakshi Upadhyay
How to Prepare for Data Interpretation for CATArun Sharma
How to Prepare for Quantitative Aptitude for CATArun Sharma
Quantitative Aptitude for Competitive ExaminationsR.S. Aggarwal
A Modern Approach to Verbal & Non-Verbal ReasoningR.S. Aggarwal
The Pearson Guide to Logical Reasoning and Data Interpretation for the CATNishit K. Sinha
Word Power Made EasyNorman Lewis
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MBA Cutoff 2024

For admission to MBA colleges that accept entrance exams, candidates need to clear the minimum cutoff. The MBA cutoff is typically released separately by every college and students must meet it to be eligible for counselling rounds. Check out the MBA cutoff for top B-schools in India.

CAT 2023 Cutoff for Top IIMs in India

Name of the IIMGeneral CutoffST CutoffSC CutoffEWS CutoffOBC Cutoff
IIM Ahmedabad8060708075
IIM Lucknow9060658282
IIM Kozhikode8555657575
IIM Bangalore8565707575
IIM Indore9050609080
IIM Calcutta8565707575
IIM Rohtak9530559078
IIM Mumbai8565707575
IIM Udaipur9240547074
IIM Amritsar8540558575

CAT 2023 Cutoff for Top Non-IIMs in India

Name of InstituteExpected CAT 2023 Cut Off
IIT Bombay99+
Faculty of Management Studies, New Delhi98-99
MDI, Gurgaon97-99
SP Jain Institute of Management and Research, Mumbai95-99
IIT Delhi98+
Institute of Management Technology, Ghaziabad95-97
Xavier Institute of Management, Bhubaneshwar91
IMI, New Delhi90
K J Somaiya, Mumbai86
GIM Goa85
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MBA Admission Process in India

The basic admission process for MBA courses consists of certain phases that are similar across a majority of management institutes. Here are the stages that every MBA candidate must go through to seek admission into an MBA.

  • Apply for Entrance Exams: The first step is to apply for the MBA entrance exams accepted by the colleges one is seeking admission to. Check all the requirements of the entrance exam and ensure you meet them.
  • Qualify for Entrance Exams: If you qualify for the entrance exam and meet the minimum cutoff, you will be called for selection rounds. Students need to register to take part in the counselling and fulfil all the requirements.
  • Participate in Counselling: Based on the entrance exam scores, candidates are shortlisted and called for Group Discussions, Written Ability Test, or Personal Interview rounds. MBA colleges offering direct admissions to MBA, on a merit basis also conduct personal interview rounds. 
  • Appear in the Merit List: After evaluating candidates based on entrance exam scores, GD/PI performance, academic performance, and work experience (if any), the final list of selected students will be declared.
  • Report to the College: Those who have been allocated a seat in the MBA college will be required to do the reporting (offline or online) and pay the admission fees. The classes will commence after that.

MBA Admission Process in India

Also Read:

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How to Get Direct MBA Admission Without Entrance Exam?

Many MBA colleges in India provide an opportunity for direct MBA admission without entrance exams, solely based on academic performance. The admission process for such programs is straightforward and doesn't involve multiple stages such as entrance exams, counselling sessions, and seat allotment rounds. To apply for direct admission to MBA programs, candidates must fulfil the eligibility criteria specified by the college they are interested in.

Generally, candidates must have completed their graduation from a recognized board with a minimum of 50% aggregate marks. However, the requirement for aggregate marks may vary from college to college. Some colleges may also conduct personal interviews to assess the candidates' communication skills, analytical ability, and other relevant skills. Candidates must thoroughly check the requirements of the college they are interested in before applying for admission since the direct MBA admission process and eligibility criteria may vary from college to college.

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MBA Scholarships Offered by Top Colleges in India

Pursuing an MBA degree can be a costly affair, and securing a scholarship can be a great way to ease the financial burden. If you're planning to pursue an MBA course in India, you'll be happy to know that there are several colleges that offer scholarships to deserving candidates. The top MBA colleges in India that offer scholarships have been mentioned below.

College NameScholarships Awarded
IIM Ahmedabad
  • IIMA Special Need-Based Scholarships
  • SC/ST Scholarships
IIM CalcuttaScholarships sponsored by various companies/corporates like Aditya Birla Group, Ratan Tata Trust, T. Thomas Scholarship sponsored by HUL, OP Jindal Engineering & Management Scholarship
IIM Bangalore
  • Aditya Birla Scholarship
  • OPJEMS Scholarship
  • NTPC Scholarship Scheme
  • Employment in Social Sector Scholarship
  • Ministry of Tribal Affairs Scholarship (ST)
  • Ministry of Social Justice and Empowerment Scholarship (SC)
  • Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD)
IIM Kozhikode
  • IIMK Merit Scholarship
  • IIMK Need-Based Financial Assistance (NBFA)
IIM IndoreNeed-Based Financial Assistance
IIM LucknowNeed-Based IIML Scholarships
XLRI Jamshedpur
  • Aditya Birla Scholarship
  • Mirae Asset Foundation Scholarship
  • IDFC First Bank
  • OP Jindal Engineering & Management
  • T Thomas
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MBA Course Syllabus

The MBA syllabus is designed to equip students with a detailed and in-depth knowledge of the multifaceted management sector. It is carefully curated to provide a comprehensive understanding of the role of management in the business world and how it impacts the success of organizations. Through the course, students are introduced to various theories and practical approaches to management, and they learn to apply them in real-life scenarios.

Check the semester-wise MBA syllabus provided in the table below.

Semester 1Semester 2Semester 3Semester 4
  • Business Communication
  • Financial Accounting
  • Human Resource Management
  • Information Technology Management
  • Managerial Economics
  • Marketing Management
  • Organizational Behaviour
  • Quantitative Methods
  • Economic Environment of Business
  • Financial Management
  • Management Accounting
  • Management of Information System
  • Management Science
  • Marketing Research
  • Organization Effectiveness & Change
  • Production & Operations Management
  • Business Ethics & Corporate Social Responsibility
  • Legal Environment of Business
  • Strategic Analysis
  • Elective Course
  • International Business Environment
  • Project Study
  • Strategic Management
  • Elective Course
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After completing a bachelor’s degree, many students get confused between an MBA and CA. There is a huge difference between both courses as an MBA focuses on marketing, finance, operations, sales, and many other business areas while a CA course mainly focuses on accounting and taxation. To help candidates decide whether to choose an MBA or a CA course, we have provided a quick comparison below.

Point of DifferenceMBACA
Duration and StructureTypically a 2-year program, although some executive or part-time MBAs may take longer. It involves coursework, projects, internships, and sometimes a thesis.Requires passing a series of exams conducted by the Institute of Chartered Accountants of India (ICAI). It involves theoretical study and practical training (articleship), usually taking 3-5 years to complete.
Focus and SpecializationOffers a broad education in various aspects of business management such as finance, marketing, operations, and human resources.Focuses specifically on accounting, taxation, auditing, and financial management. It provides in-depth knowledge and expertise in financial matters.
Skills DevelopedEmphasizes leadership, strategic thinking, problem-solving, communication, and networking skills.Develops strong analytical, accounting, auditing, and financial management skills.
Career PathOpens up diverse career opportunities in various sectors like finance, marketing, operations, HR, business analytics, etc. Candidates can work as managers in their specialized areas or start their businesses.Primarily leads to careers in accounting, auditing, taxation, and finance. CAs are often employed in accounting firms, corporations, and government agencies, or can work independently as consultants.
Salary and Earning PotentialWhile freshers can earn around INR 5 LPA to 8 LPA, experienced professionals can earn between INR 10 LPA to 18 LPA. Senior-level executives can make around INR 30 LPA to INR 55 LPA.The average salary of a CA is around INR 6 LPA to INR 9 LPA for freshers and can go up to INR 20 LPA to INR 25 LPA for experienced professionals.
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What is the Difference Between MBA and PGDM?

‘Is PGDM better than MBA?’ ‘MBA or PGDM which has more value?’ ‘Which is better MBA or PGDM for government jobs?’ Well, these are some of the common queries of candidates seeking postgraduate management education as both MBA and PGDM are popular choices. To answer such questions, we have provided below some key difference between MBA and PGDM to help students pick the right course.

Point of DifferenceMBAPGDM
QualificationMaster's degree conferred by universities or affiliated colleges.Postgraduate diploma awarded by autonomous institutes or business schools.
Affiliation and RecognitionOffered by universities and are subject to the regulations and approval of the respective university and higher education authorities.Offered by autonomous institutes and approved by bodies like AICTE, but the curriculum and evaluation methods are set by the institute itself.
Curriculum FlexibilityLimited flexibility in terms of course offerings.More flexibility in designing their curriculum.
Emphasis on Practical SkillsTheoretical approach, with a mix of practical exposure, depending on the university and the specific program.Emphasize practical training and real-world exposure through internships, industry projects, and workshops.
Duration2 Years1-2 Years
Admission CriteriaEntrance Exam + MeritEntrance Exam + Merit
Global RecognitionMBA degrees from reputed universities are often recognized and respected worldwide.Varying degrees of global recognition, depending on the reputation of the institute offering the program.

Also Read: Distance Learning MBA Vs Part Time MBA

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MBA Course Fees in India

Before applying to their desired colleges, candidates must check out MBA fees in India so that they do not face any financial issues down the road. Here's the MBA fee of top colleges in India:

 Name of the CollegeTotal Fees (Approx.)
IIM Ahmedabad FeeINR 33,00,000
IIM Bangalore FeeINR 24,50,000
IIM Calcutta FeeINR 31,00,000
IIM Lucknow FeeINR 19,25,000
IIM Udaipur FeeINR 20,43,000
IIM Ranchi FeeINR 17,20,000
IIT Kharagpur FeeINR 11,59,760
IIT Delhi FeeINR 11,20,000
FMS Delhi FeeINR 20,960
IIM Mumbai FeeINR 21,00,000
IIFT New Delhi FeeINR 21,77,314
SIBM Pune FeeINR 26,79,500
MDI Gurgaon FeeINR 24,99,400
NMIMS Mumbai FeeINR 21,90,000
XLRI Jamshedpur FeeINR 23,50,000
SP Jain Mumbai FeeINR 24,00,000
IIT Roorkee FeeINR 9,67,600
IIT Bombay FeeINR 1,03,200
IIT Madras FeeINR 8,07,002
GLIM Chennai FeeINR 20,80,000
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Top Government MBA Colleges in India

India has some of the best government MBA colleges that are known globally such as IIMs, IITs, etc. Getting into IIMs is only possible if a candidate qualifies for CAT, and the competition is quite tough. Have a look at the top government MBA colleges in India with their NIRF Ranking 2023 and MBA course fees.

Name of the CollegeNIRF Ranking 2023Total Fees
IIM Ahmedabad1INR 33,00,000
IIM Bangalore2INR 24,50,000
IIM Kozhikode3INR 22,50,000
IIM Calcutta4INR 31,00,000
IIT Delhi5INR 11,20,000
IIM Lucknow6INR 19,25,000
IIM Mumbai7INR 21,00,000
IIM Indore8INR 21,17,158
IIT Bombay10INR 1,03,200
IIM Raipur11INR 18,00,000
IIM Rohtak12INR 18,36,500
IIT Kharagpur14INR 11,59,760
IIT Madras15INR 8,07,002
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Top Private MBA Colleges in India

There are various private B-schools in India offering the best management education. MBA aspirants can have a look at the list of top private MBA colleges in India with their NIRF Ranking 2023 and average MBA course fees.

Name of the CollegeNIRF Ranking 2023Total Fees
XLRI Jamshedpur9INR 23,50,000
MDI Gurugram13INR 24,99,400
SIBM Pune17INR 26,79,500
SPJIMR Mumbai20INR 24,00,000
NMIMS, Mumbai21INR 21,90,000
Amity University28INR 13,44,000
GILM Chennai31INR 20,80,000
Lovely Professional University32INR 8,00,000
IMI New Delhi34INR 20,95,230
TAPMI Manipal42INR 18,74,000
XIM University Bhubaneswar46INR 21,40,000
KIIT Bhubaneswar59INR 16,90,000
Chandigarh Group Of Colleges, Landran-INR 124,200
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Top Distance MBA Colleges in India

The table below includes the college list of the best distance learning MBA in India along with the courses offered and the fee structure

Distance MBA Colleges in IndiaCourses OfferedApprox. Fees (Per Annum)
University of Petroleum and Energy Studies (UPES), DehradunMBAINR 72,500
Chandigarh UniversityMBAINR 27,650
Indira Gandhi National Open University (IGNOU)MBAINR 31,500
Lovely Professional UniversityPGDM / MBAINR50,000
Symbiosis Centre for Distance LearningPGDM (2-year course)INR 37,000
Narsee Monjee Institute of Management Studies, MumbaiPGDBM (2-year course)INR 43,000
IMT GhaziabadPGDM (2-year course)INR 88.000
SRM University, ChennaiMBAINR 30,000
Maharshi Dayanand University, RohtakMBAINR 30,000
Annamalai University, Tamil NaduMBAINR 30,000 – INR 35,000
Amity UniversityMBA / PGDMINR 70,000 – INR 1,00,000
Bharathidasan University – Centre for Distance LearningMBAINR 30,000
GITAM – Centre for Distance Learning, Visakhapatnam (Institute of Eminence)MBAINR 30,000
Jain University, Bangalore1-year PGDMINR 16,800
Andhra University (CDL)MBAINR 25,000 to INR 30,000
Acharya Nagarjuna University, Andhra PradeshMBAINR 25,000 to INR 30,000
Jagannath University, JaipurMBAINR 25,000
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Top MBA Colleges Offering Direct Admission in India

Check out the top B-Schools in India offering direct admission to MBA without entrance exams.

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Placements at Best MBA Colleges in India

Many B-schools in India, especially IIMs and IITs, offer excellent placement opportunities to MBA students. Check the list of MBA colleges with best placements in India 2023.

College NameAverage Placement Package 2023Average Placement Package 2022Average Placement Package 2021
IIM AhmedabadINR 36.2 LPAINR 32.80 LPAINR 27.54 LPA
IIM BangaloreINR 35.31 LPAINR 33.82 LPAINR 28.98 LPA
IIM CalcuttaINR 35.07 LPAINR 34.20 LPAINR 29.00 LPA
FMS DelhiINR 34.10 LPAINR 32.40 LPAINR 26.20 LPA
IIM LucknowINR 32.20 LPAINR 31.03 LPAINR 26.00 LPA
ISB HyderabadINR 34.21 LPAINR 34.08 LPAINR 28.21 LPA
Masters Union, GurugramINR 33.10 LPAINR 29.12 LPAINR 27.45 LPA
SPJIMR, MumbaiINR 33.02 LPAINR 32.05 LPAINR 26.06 LPA
XLRI JamshedpurINR 32.70 LPAINR 30.07 LPAINR 25.08 LPA
IIM KozhikodeINR 31.02 LPAINR 29.50 LPAINR 22.53 LPA
IIM IndoreINR 30.21 LPAINR 25.01 LPAINR 23.60 LPA
IIFT DelhiINR 29.10 LPAINR 25.16 LPAINR 21.08 LPA
SJMSoM, IIT BombayINR 28.88 LPAINR 25.93 LPAINR 21.96 LPA
MDI GurgaonINR 27.67 LPAINR 26.65 LPAINR 23.15 LPA
TISS MumbaiINR 27.22 LPAINR 23.97 LPAINR 19.62 LPA

Source: Placement reports 2023 based on data released by colleges listed above.

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Career Options After MBA Course

MBA is a highly skilled degree and opens up various opportunities for candidates. Mentioned below are the top jobs after MBA available in different sectors.

Employment AreasJob Profiles
BanksAccount Manager, Administrative Officer, Human Resource Manager, Marketing Manager, Card Payments Operations Head, Vice President - Investment Banking
Brand & MarketingBrand Manager, IT Services Marketing Head, Marketing Manager
Business ConsultanciesHuman Resource Manager, Management Consultant 
Educational InstitutesTrainer, Administrative Officer
Financial OrganizationsRecruitment Manager, Administrative Officer, Equity Research Analyst, Human Resource Manager
Industrial HousesHR Generalist Business Partner, Zonal Business Manager, Project Manager, Administrative Officer, Finance Manager, Marketing Manager
Multinational CompaniesLobbyist/Organizer, Recruitment Manager 
Personal BusinessEntrepreneur
Public WorksResearch and Development Manager, Labour Management Relations Specialist 
Tourism IndustryHuman Resource Managers, Administrative Officer 

Average MBA Salary in India

A fresh graduate can expect an average salary of INR 5-8 lakh per year, while a professional with 4-5 years of experience can earn between INR 10-18 lakh per year. Senior or executive-level professionals can earn between INR 30-55 lakh per year. The average salary package offered by top IIMs ranges from INR 20-25 lakh per annum, while the highest salary ranges from INR 70 lakh to INR 1 crore. Check the average MBA salary for different jobs provided below.

Career Options After MBA Course

Average Salary in MBA in Marketing Management

Job ProfileAverage Salary (Per Annum)
Senior Marketing ManagerINR 1,342,969
Marketing ManagerINR 685,280
Senior Business AnalystINR  994,494
Business Development ManagerINR 597,879
Business Development ExecutiveINR 299,907
Area Sales ManagerINR 609,533
Project ManagerINR 1,263,774

Average Salary in MBA in Human Resources

Job PositionAverage Salary (Per Annum)
Human Resources ManagerINR  7,05,853
Senior Human Resources ConsultantINR 11,64,803
HR Operations ManagerINR 8,74,286
Employee Relations ManagerINR 7,32,503

Average Salary in MBA in Finance 

Job PositionAverage Salary (Per Annum)
Accounting ManagerINR 7,10,360
Credit ManagersINR 5,80,576
Financial AnalystINR 4,12,339
Corporate ControllersINR 12,24,490

Average Salary in MBA in Logistics and Supply Chain Management

Job PositionAverage Salary (Per Annum)
Logistics OfficerINR 4,36,344
Logistics SupervisorINR 2,56,529
Logistic ManagerINR 6,06,122
Supply Chain CoordinatorINR 3,97,561

Average Salary in MBA in Information Technology

Job PositionAverage Salary (Per Annum)
Project ManagerINR  12,44,457
Business Development ManagerINR 5,98,910
Marketing ManagerINR  6,90,763
System ManagerINR 8,81,633

Top Recruiters Hiring MBA Graduates

Almost every company requires skilled managers to manage all their activities. Some of the major recruiters hiring graduates with MBA degree are provided below.

Top Private MBA Recruiters

HDFCLarsen & ToubroMicroland
ICICI BankEXLAccenture
JP Morgan Chase & Co.HSBCAmazon
MahindraGoldman SachsWipro
McKinsey & CompanyNestleAditya Birla Group

Top Government MBA Recruiters

Air India ExpressBEML LimitedITI Limited
RBIBharat Electronics LimitedIBPS
Engineering Projects India LimitedIIT KharagpurCity Union Bank
Coal India LimitedSBICentral Bank of India
NABARD Consultancy ServicesNational Housing BankBank of Baroda

MBA Scope in India

For an MBA graduate in India, the career prospects are immense. The opportunities to land lucrative and fulfilling jobs are abundant right after graduation. With a minimum of 5-10 years of experience, an MBA candidate in India can expect to earn an impressive salary of INR 14,00,000 LPA without any doubt. With more than 15 years of experience, the possibilities only get better as senior-level positions in Management such as Director, Vice President, and Senior Director become easily attainable. These positions offer outstanding remuneration packages of up to INR 25 LPA or more, with no upper limit.

An MBA degree offers a wide range of career opportunities in both private and government sectors, ranging from Marketing to Tourism and Healthcare. Graduates with exceptional knowledge and skills can secure junior, senior, and executive-level private and government jobs after MBA. The jobs in this field can be highly rewarding and satisfying, particularly for alumni from the top B-schools. However, even without college placements, candidates with the right skill set and expertise can easily land jobs in the top companies and organizations.

Depending on the specialization, skillset, and knowledge, candidates can opt for highly lucrative job options after completing their MBA, which not only provide high salary packages but also other fantastic benefits. The possibilities are endless for MBA graduates in India, and it is truly an exciting time to enter the job market with this degree.

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Study Full-time MBA Course Abroad

Students often get confused between MBA in India vs MBA abroad for so many reasons. Based on the country, candidates also have to either appear for the International English Language Testing System (IELTS), or the Test of English as a Foreign Language (TOEFL). The fee for doing an MBA abroad is generally higher than in India, however, students can earn an MBA scholarship to afford education in foreign countries.

Eligibility Criteria to Study MBA Abroad

  • Completed graduation in Management or a related stream from a recognized college or university.
  • Clear the GMAT (Graduate Management Aptitude Test).
  • Proficient in the local language of the country.
  • 3-5 years of work experience and a Letter of Recommendation may be required.

Top MBA Colleges Abroad

Here are a few top MBA colleges abroad you may consider for admission:

Name of the CollegeCountry Located in
Harvard Business School USA
University of OxfordUK
Standford Graduate School of BusinessUSA
Penn (Wharton)USA
HEC (Paris) Canada
London Business SchoolUK
IE Business School Spain
Columbia Business School UK
IESE Business SchoolSpain
University of East LondonUK
University Canada WestCanada
University of WaikatoNew Zealand
University of AlbertaCanada
University of TorontoCanada
Dublin Business SchoolIreland
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Courses After MBA Degree

After an MBA, candidates have the option of continuing their study in the field of management or they can also expand their knowledge and expertise by opting for courses from different fields and areas. Some of the best courses to pursue after an MBA are mentioned in the table below:

Courses after MBAAverage CostAverage Salary
Cost and Management Accounting (CMA)INR 1,00,000 - INR 4,00,000INR 5,00,000 - 20,00,000
Fellowship Programme in ManagementINR 6,00,000 - INR 13,00,000INR 10,00,000 - INR 40,00,000
PhD in ManagementINR 10,000 - INR 3,00,000INR 5,00,000 - INR 10,00,000
Chartered Financial Analyst (CFA)INR 40,000 - INR 2,00,000INR 6,00,000 - INR 12,00,000
Executive MBAINR 4,00,000 - INR 15,00,000INR 20,00,000 - INR 25,00,000
Financial Risk Management (FRM)INR 1,00,000INR 2,00,000 - INR 10,00,000
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FAQs about Masters of Business Administration

What are the benefits of doing MBA in India?

The benefits of doing an MBA in India is that you can get jobs in leading organizations through campus placement with an average salary of INR 10 to 30 lakh per annum. Pursuing MBA from IIMs can get you a job in any leading organization around the world.

Is MBA a three-year course?

No, typically an MBA is not a three-year course. Traditional full-time MBA programs typically last for about two years, but part-time MBA programs may range from two to five years or more. There are also accelerated MBA programs that allow students to complete their degree in less than two years.

Does MBA have Maths?

Yes, all MBA courses require some degree of knowledge in Mathematics. However, it is not compulsory to be great at the subject. An MBA aspirant needs analytical knowledge of basic concepts like arithmetic, algebra, geometry, etc.

Which is better: MBA from the IITs or the newer IIMs?

MBA from top IIMs is considered better than IITs. Although IITs are the elite engineering institutes in India, their brand value in the field of management is catching up fast. As per NIRF Ranking 2023, IIT Bombay, IIT Delhi, IIT Madras, and IIT Kharagpur are ranked better than many new IIMs. Also, pursuing an MBA from IITs is way cheaper than IIMs.

What are the different job profiles offered at top MBA colleges like IIMs, ISB, XLRI, and FMS?

The different job profiles offered at top MBA colleges like IIMs, ISB, XLRI, and FMS include Marketing Manager, Management Consultant, Investment Banker, Business Analyst, Financial Advisor, Administrative Manager, Human Resource Manager, Product Manager, Operations Manager, Sales Manager, Business Analyst, etc.

How can an MBA course improve my career prospects?

An MBA can improve a candidate's career prospects in many ways. With an MBA degree, one gets practical business knowledge and acquires entrepreneurial and communication skills. An MBA can bring a significant increment in your salary and open the way for lucrative career opportunities in top corporations.

What is the best MBA course?

Determining the best MBA course can vary greatly depending on individual preferences, career goals, and personal circumstances. In India, IIMs are considered to be providing the best MBA courses. They have excellent pedagogy, top-notch facilities, impressive placements, and more.

How to decide which MBA course is most suitable for me?

To decide which MBA course is most suitable for you, consider your career requirements and how intensive and detailed you want your degree to be during the upcoming 18 to 24 months. If you want to have classroom experience and gain practical training and industry exposure, choose a full-time MBA. You can select distance learning options, online MBA programs, or a part-time course if you have time constraints. Executive MBA programs are great for working professionals to advance their careers and increase their earning potential.

MBA in India or Abroad: Which is more beneficial?

Deciding whether to pursue an MBA in India or abroad depends on various factors including your career goals, financial situation, personal preferences, and the quality of education. Pursuing an MBA from IIMs and other top colleges will open a plethora of working opportunities in top corporations with impressive salary packages and other benefits. With a management degree from a top foreign university, one can work with international organizations and be exposed to diverse business practices and management techniques.

Which is better, a full-time MBA or an online MBA program?

A full-time MBA and an online MBA both are good options. If a candidate can invest time in attending regular classes, then a full-time MBA is a better option. However, if you are a working professional or have other responsibilities, then an online MBA is a good option.

Does one need prior work experience to apply for MBA?

It is not mandatory to have prior work experience to pursue an MBA course. However, candidates with exposure to a work environment can add practical exposure to real-world business situations with their insights. However, to apply for Executive MBA programs, individuals need to have 5 or more years of experience.

Should only individuals interested in leadership roles pursue an MBA course?

An MBA is a versatile and extensive degree with diverse specializations and multiple applications in various professional domains. MBA graduates with good educational backgrounds, excellent communication skills, and creative vision are valuable resources who can get great career opportunities to work in different domains and sectors.

What is the difference between MBA and PGDM degree?

The difference between MBA and PGDM is that MBA is a degree program while PGDM is a diploma program. A PGDM program is offered by AICTE-recognized and standalone/autonomous B-Schools, under the Ministry of HRD while universities that come under the University Grants Commission (UGC) can award an MBA degree.

What are the best MBA colleges offering direct admission without entrance exams?

The best MBA colleges offering direct admission without entrance exams include Indira Gandhi National Open University, JECRC University, Jagannath University, Acharya Institute of Management and Science, Apeejay School of Management, Amity University, Lovely Professional University, NMIMS Distance Education, Chandigarh Distance Learning, SVU Distance Education, and Symbiosis Distance Learning.

What is MBA course fees in India?

The total MBA course fees in India generally range between INR 20,000 to INR 40 lakhs. MBA courses from top IIMs generally cost around INR 20-30 lakhs. The MBA fees in private colleges is generally higher as compared to government colleges in India.

Which are the top distance MBA colleges in India?

The top distance MBA colleges in India include Amity University, NMIMS University, WeSchool or Welingkar Institute of Management Development, Symbiosis Centre for Distance Learning, Xavier School Of Management, LPU Distance Education, UPES Dehradun, Bharathi Vidyapeeth Deemed University, GITAM – Centre for Distance Learning, Visakhapatnam (Institute of Eminence), etc.

Which MBA colleges in India offer the best ROI (Return on Investments)?

The MBA colleges in India that offer the best ROI (Return on Investments) are FMS Delhi, IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIFT Delhi, DMS-IIT Delhi, SJMSOM-IIT Bombay, IIM Rohtak, IIM Ranchi, MDI Gurgaon, IIM Indore, XLRI Jamshedpur, IIM Kozhikode, etc.

What are the most popular MBA entrance exams in India?

Some of the top MBA entrance exams in India are CAT (Common Admission Test), XAT (Xavier Aptitude Test), SNAP (Symbiosis National Aptitude Test), MAH-CET (Maharashtra Common Entrance Test), CMAT (Common Management Admission Test), NMAT (Narsee Monjee Management Aptitude Test), MAT (Management Aptitude Test), and ATMA (AIMS Test for Management Admissions).

What after the MBA course?

After the MBA course, graduates can apply for jobs as per their specializations. The popular MBA job profiles include Marketing Manager, Finance Manager, Sales Manager, Product Manager, Operations Manager, HR Manager, etc. Individuals can also become entrepreneurs or grow their business after completing an MBA.

What is the duration of MBA course?

Usually, the duration of an MBA course is 2 years. However, with different types of MBA, the course duration differs. For Executive MBA, the duration is 15-19 months, for online/ distance MBA, the duration is 2-3 years, and for integrated MBA, the duration is a minimum of 5 years.

Is MBA a good career option?

Yes, MBA is a good career option. Anyone who has the skills and interest in building a career in the managerial background or wants to enter the business world can opt for MBA as a career option.

Can you do MBA course after 12th?

Yes, an Integrated MBA course is available for candidates after Class 12. Many prominent MBA colleges in India both private and government and few IIMs offer integrated MBA. However, a traditional MBA cannot be done after 12th.

What is MBA full form?

The MBA degree full form is Master of Business Administration (also known as Master in Business Administration). It is an internationally-recognised postgraduate or master's degree in business administration, first originated in the United States in the 19th century.

What are the requirements for MBA admissions in India?

The requirements for MBA admissions in India include that candidates need to qualify for entrance exams like CAT, XAT, MAT, CMAT, etc. The minimum eligibility qualification is a bachelor's degree with more than 50% marks. Candidates with 3-5 years of work experience post-bachelor's degree can apply for Executive MBA programs.

What is MBA salary for freshers?

MBA salary for freshers is INR 5 LPA to INR 8 LPA. For top colleges such as IIMs, the starting salary can be around INR 18 LPA to INR 20 LPA while for popular private colleges, it can range from INR 5 LPA to INR 10 LPA.

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Related Questions


priyal Babbar, Student / Alumni

-Answered on Mar-15-2024
Hi there, admission at LPU has begun. You can register and book your LPUNEST slot for admission in MBA program. Get in touch with the LPU officials for further info. GOod LUck

Akshay Singh, Student / Alumni

-Answered on Nov-09-2023
Lovely Professional University (LPU) is a renowned educational institution that boasts state-of-the-art infrastructure and an impressive track record in terms of placements. LPU's Mittal School of Business is among the top 10 institutions in India to receive ACBSP (USA) accreditation. Additionally, LPU has achieved the 47th position in the National Institutional Ranking Framework (NIRF) Rankings 2022, surpassing both government and private universities in India. LPU takes pride in its well-structured placement system, which includes collaborations with leading brands such as Google, Microsoft, Cisco, Oracle, and Tech Mahindra. These partnerships provide our students with valuable training and internship opportunities. Moreover, LPU's Division of Career Services plays a crucial role in creating placement and internship prospects for students at both national and international levels. The academic excellence of LPU is evident through its remarkable achievements in various domains, including placements, entrepreneurship, and support services. This has resulted in the successful career progression of our students. In 2023, 97% of MBA students at LPU secured placements, with the highest package being 30 lakh per annum and an average salary of 7 LPA. Furthermore, LPU alumni have found employment in esteemed organizations such as Federal Bank, Trident Group, Colgate Palmolive, Phonepe, Marico Ltd., Ernst and Young, Accenture, Flipkart, Wipro, Hindustan Unilever, Godrej Consumer, and many more. The extensive list of companies reflects the trust and recognition that LPU graduates receive in the professional world. LPU also takes pride in its exceptional residential facilities, which can accommodate up to 30,000 students. The hostel administration at LPU is known for its cooperative and caring approach, ensuring a home-like and healthy stay for students. These residential facilities are considered one of the largest in India, with 17 multi-storeyed buildings. In conclusion, Lovely Professional University stands as a premier academic institution with world-class infrastructure, remarkable placements, and a strong network of alumni. The university's commitment to providing excellent education and holistic development opportunities is evident through its impressive achievements and well-organized residential facilities. I hope this helps. Thank you.

priyal Babbar, Student / Alumni

-Answered on Sept-01-2023
Hi there, LPU offers scholarships on the basis of several criteria such as class 12 marks, LPUNEST, achievements in music dance NCC sports research and development social service bravery etc. Scholarships for single girl child, EWS, person with disability, defence, orphan are also there. Good Luck

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Masters of Business Administration Colleges by College Type

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