MBA Course

MBA (Master of Business Administration) Course Overview

MBA subject is an internationally accredited post-graduate degree for developing business and management skills amongst future business leaders and entrepreneurs. Seeking to build a career after pursuing an MBA subject is quite easy. Earlier, studying MBA courses and getting MBA jobs was not very common, and only rich people could afford it. But now there are many MBA colleges with reasonable MBA course fees or candidates to participate and take MBA admissions. Also, getting admissions to these MBA colleges has become much easier. Even after the admissions, the MBA syllabus is quite simplified and focuses deeply on the specialisation. It is also easier to get MBA jobs in India now. 

To take MBA admission, candidates can appear for any national-level MBA entrance exam such as CAT/MAT/XAT/NMAT/CMAT. Also, many other colleges offer MBA admissions based on state-level entrance exams such as MAH CET, KMAT, KMAT Kerala, TS ICET, etc. Some MBA colleges also offer admissions based on institute-level entrance exams, TISSNET, SNAP, etc. Most MBA colleges in India offer direct placements and MBA jobs in prominent and well-established companies.

Studying MBA courses is no longer difficult. Aspirants can seek admission as regular students, distance-learning, or in the executive programmes according to their convenience. So, here is all that is required to know about the MBA course, MBA admission process, MBA entrance exams accepted, MBA eligibility criteria, MBA scope, MBA placements, top MBA colleges in India, MBA Syllabus, MBA fees, MBA course list, MBA jobs, and career options, and other details as well. 

MBA Course Highlights

While opting for MBA subjects, candidates must also be aware of some facts about it. All the important details about the Masters of Business Administration (MBA) course are mentioned below:

When to do an MBA Course?

There is no specific time to pursue an MBA Course. Candidates can pursue an MBA course right after their graduation or even after 3-5 years of working experience. Candidates can also start their integrated MBA subjects right after completing their Class 12 exams. Anyone interested in building a career in the business world, or gaining leadership skills can do an MBA Course. However, it is advisable to first go through the MBA syllabus of the desired specialisation, the MBA course list, and MBA fees before applying. 

MBA course requires the complete attention of the aspirant. So, candidates opting for MBA subjects must be ready with sheer dedication to perform their best and reserve seats in the top colleges and institutes.

Who should do an MBA Course?

Usually, an MBA programme is preferred by young professionals, with 2-3 years of work experience. Candidates who have the ambition to build a career in MBA can directly apply for an Integrated MBA after class 12. Even senior employees/professionals opt for MBA subjects to improve their job profile and develop certain skills. Commonly, graduates after completing their graduation, start with an MBA course on their desired MBA specialisation. Also, it is best to learn in detail about the specialisation first and the MBA syllabus for the specialisation before taking admission. 

Why choose an MBA?

Every person has his own reason for choosing an MBA subject as a career path. But choosing an MBA subject will fast-track the career of the person. It will help the person to compete and get an edge in the competitive professional sphere. It helps the candidates in various aspects. Yet, these are some positive reasons that candidates must choose MBA Course for

• Developing Managerial Skills
• Availing Better Career Opportunities
• Developing Leadership Skills
• For Entrepreneurial Skill Development
• High Salary
• Global Exposure to Business and Economy

How many courses are there in MBA?

MBA provides more than 50 courses and specialisations, spread across various industries. Based on the interest of the candidate, they can choose a career path best suited for them. Some of the popular MBA subjects are Human Resources, Finance, Marketing, Sales, International Business, and others. The MBA syllabus for all the specialisations is different. So, candidates must check out the MBA syllabus and according to their interests apply accordingly. 

List of Popular MBA Courses/ Specialisations

Candidates have ample options to choose from. Some candidates choose their MBA specialisations first and on the basis of the specialisation, they choose their MBA college. Meanwhile, others choose the college first and accordingly choose their MBA specialisation. Take a look at the table below to know about some of the most preferred MBA specialisations available in India:

MBA Eligibility Criteria

Admission to the MBA course is strictly on the basis of management entrance exams conducted at the national, state, university/institute levels. However, some private MBA colleges also refer to the academic background for the MBA admission process. Besides this, students have to adhere to the following eligibility criteria:

• Graduate from any stream with a minimum of 50% marks or equivalent CGPA from a UGC recognised Board or equivalent recognition from MHRD for a general category candidate.

• Students belonging to the SC/ ST or PWD category will require a minimum of 45% marks to qualify for any MBA entrance test.

• Final year candidates can also apply for the entrance exams or admission. However, the application is subject to the results. If the candidate does not score the minimum required aggregate, the application will be cancelled.

• Valid scores of MBA entrance exams such as CAT, MAT, XAT, SNAP, NMAT & CMAT, etc.

• Candidates opting through the reserved category must provide valid documents at the time of filing the examination form.

• Working professionals may also apply, but they must be capable of producing valid documents to prove their employment, whenever asked. If any candidate fails to produce the necessary documents, the candidature will not be considered.

MBA Types

Anyone interested in studying MBA must know all the types. Traditionally, the MBA course was a two-year regular programme. But now, there are multiple options. Each of them has its own pros and cons. So, here are the available MBA types to choose from:

MBA Full-Time Programme

It is a regular two-year full-time course offered by most colleges in India. Candidates will experience the classroom environment for theory classes, internships, and projects from practical knowledge. The approximate MBA course fees for any two-year full-time course start from INR 2 Lakhs and may exceed up to INR 25 Lakh annually. The entire programme will be divided into 4 or 6 semesters depending on the MBA specialisation and college. Candidates may check out the MBA syllabus in advance to know better about the course.

MBA Part-Time Programme

The MBA Part-time programme is a programme best for working professionals. It is not a residential programme. Anyone who wishes to improve their managerial skills can opt for this MBA programme. Many private MBA and government MBA colleges offer MBA Part-time courses. The annual MBA course fee may range from INR 1 lakh to 10 lakh approximately. The MBA syllabus is slightly different from that of the regular course. Candidates must check out the online for the details of the MBA syllabus for the MBA subject for part-time. 

Executive MBA Course

The Executive MBA course is designed for working professionals with five or more years of work experience. The course curriculum of executive MBA is similar to that of the Full-Time MBA programme, but with a shorter duration. The classes are not conducted on a regular basis. The entire programme of MBA subject is completed within a 15-19 months duration. The MBA syllabus may not be identical to the MBA syllabus for regular courses. The annual course fees of an executive MBA are marginally higher than other MBA courses. Many organisations that seek their employees to pursue Executive MBA subjects bear the tuition fees. However, approximately, the annual course fees of an Executive MBA subject may range from INR 10 lakh to 45 lakh.

Online MBA Courses

The most popular MBA course that most candidates opt for is the Online MBA. Candidates can get an MBA degree from the comfort of their homes. The Online MBA classes are conducted online and the projects must be submitted online. Candidates may check the MBA syllabus for online courses before taking the MBA admissions. The MBA course curriculum is designed specially to ensure that the candidates grasp the core values of the course and also develop the necessary skills. Candidates will be given assignments on a regular basis that need to be completed. The MBA syllabus includes no physical classes and online classes. The admissions are also conducted online through an online application form. Candidates can take admissions from any city to any desired college around the country. There is no restriction on attending classes. Recorded lectures are also available for the candidates. The annual course fees for Online MBA start from INR 40,000 to INR 2 lakhs approximately.

Distance MBA

Candidates can also pursue distance or correspondence MBA courses. This distance programme is quite affordable and flexible in terms of duration. Candidates will have the liberty to complete the course between 2 to 5 years. Many renowned MBA Colleges in India offer a Distance MBA programme. Both Private MBA colleges and Government MBA Colleges offer Distance MBA courses. Before applying, candidates should check the MBA course fees and MBA syllabus for convenience. Based on the institutes, the MBA course fee will be determined.

Integrated MBA

Another MBA course that candidates can pursue right after their class 12 is the integrated MBA programme. Candidates will be admitted to a 5-year programme. Candidates will pursue the graduation level course as well as the post-graduation level course. The MBA syllabus for the MBA Integrated course is completely different. It is best for candidates after Class 12. Candidates can either opt for BBA/Btech/BA/BSc+MBA subject course. The annual MBA course fees vary from college to college. Some of the leading B-schools in India provide an Integrated MBA programme. Also, candidates may easily get MBA jobs in the private and public sectors after completion of the MBA course. 

How to get Admission for MBA

To get admission to any of the top MBA colleges in India, one has to undergo several rounds of the selection process. Candidates must ensure to fulfil all the requirements in each round to make it to the final list for admission. Here is the stage that every candidate must go through to seek admission for an MBA course:

Stage 1: Apply for the Entrance Exam

Even before choosing a college, candidates will have to appear for any of the entrance exams listed. Also, they may look at the requirements of the colleges they wish to be admitted to and accordingly prepare for the entrance exams. To appear for the entrance exams, merely, candidates will have to meet the minimum eligibility criteria for each entrance exam. Although most MBA Entrance exams allow candidates with 50% aggregate marks for general category students and 45% aggregate marks for reserved category candidates.

Stage 2: Appear for the Entrance Exam

These MBA entrance exams are not easy. They are quite difficult and require months of preparation. So, candidates must prepare well in advance and appear for the exams. 

Stage 3: Results of Entrance Exams

Then, the next step is that candidates will have to wait for the results. All entrance exams have different ways of calculating the marks. Some consider the marks scored, and some consider the percentile. So, make sure to check the rules of the exam.

Stage 4: Release of Cutoff by the Colleges/Institutes

Each college will release its minimum cutoff marks based on the entrance exams accepted for admissions. 

Stage 5: Apply for the College/Institute

Candidates meeting the cutoff must then apply for the MBA course admission process to the college/institute. Anyone who does not meet the cutoff and still applies will not be considered. Further, remember that entrance exams scores for most exams are valid for one year only. Check the validity of the score. And there are multiple colleges that accept candidates with low scores/percentiles.

Stage 6: Shortlisting of Candidates for the GD/PI rounds

Based on the entrance exam scores, candidates will be shortlisted and called for group discussions or personal interview rounds. MBA colleges accepting direct admissions, on a merit basis also conduct personal interview rounds. Candidates must appear for this round of the selection process.

Stage 7: Declaration of the Final Merit List and Waiting List

After evaluating the candidate on the parameters, Entrance exam scores, GD/PI performance, academic scores, and working experience, the final list of selected candidates will be declared. Candidates will have to pay the MBA admission course fee to secure their seats. Simultaneously, the waiting list of candidates will also be declared. If there are any vacant seats or availability, candidates from the waiting list will be admitted.

MBA Entrance Exams

Getting admission to an MBA college is not a cakewalk. One has to overcome a series of difficult processes for admission to a top B-school in India. If you fulfill the basic eligibility criteria, you need to appear for any of the following entrance exams:

• Common Admission Test (CAT) exam

• Management Aptitude Test (MAT) exam

• Symbiosis National Aptitude Test (SNAP) exam

• Xavier’s Aptitude Test (XAT) exam

• NMAT exam

• Common Management Aptitude Test (CMAT) exam

• Indian Institute of Foreign Trade (IIFT) exam

• MICA Admission Test (MICAT) exam

• ICFAI Business School Aptitude Test (IBSAT) exam

The government also conducts tests for admission to MBA government colleges as well as private MBA colleges in the state. Some of them include

• Gujarat Common Entrance Test (GCET)

• University of Hyderabad’s CET (UOHYD) exam

• Cochin University Science & Technology (CUSAT) exam

• Karnataka Management Aptitude Test (KMAT) exam

• Rajasthan Management Aptitude Test (RMAT)

• Tamil Nadu Common Entrance Test (TANCET) exam

There are various management schools in India that also conduct individual management entrance exams for MBA admission to their colleges.

• Jamia Milia Islamia (JMI), New Delhi

• SRM University’s Management Test (SRMJEE)

• Benaras Hindu University (BHU PET) exam

• Kalinga Institute of Industrial Technology (KIITEE) exam

• University of Petroleum & Energy Studies (UPES-MET) exam

Here is a collated list of all the management entrance exams in national, state, and college/ university level MBA exams for taking admission to the top colleges.
After your MBA entrance exam score is out, you can check out the B-school admission as released by that school. Wherever eligible, you can apply, following which, you will have to undergo the Group Discussion (GD) & Personal Interview) rounds.

MBA Top Colleges in India

Pursuing an MBA course is no longer a far-fetched dream. There are numerous MBA colleges/institutes in India that offer the best education with placements and ROI. Candidates can now seek admission to the top MBA colleges in India to improve their future prospects. 

Top MBA Colleges in India by NIRF ranking

Here is a list of the top MBA Colleges based on the NIRF Ranking, a government-based ranking agency. 

Study MBA Abroad

Studying MBA abroad is possible. But it requires the candidates to take a slightly different route for the preparation process. Instead of appearing for the national-level entrance exams, candidates will have to appear for Graduate Management Aptitude Test (GMAT). Based on the country the candidate is seeking admission, they will have to either appear for the International English Language Testing System (IELTS), or Test of English as a Foreign Language (TOEFL). Candidates qualifying the minimum requirements of the colleges and universities along with the GMAT or TOEFL scores or GMAT+IELTS scores will be considered for admissions.

Most candidates from India travel to the USA, UK, Germany, New Zealand, or Australia for MBA subject education. This selection is made considering various factors. Candidates may also opt to go to other countries to pursue MBA courses. There is no limitation to it. 
 

MBA Abroad Top Colleges

Here are some of the Top MBA colleges abroad:

State Wise MBA Admissions

The MBA admissions for colleges across follow the same process. However, there are some minor changes in the admissions process for the MBA course state-wise. Here are the details of the admission process for some MBA Colleges in India, divided into different states:

MBA Admissions in Delhi

The MBA colleges in Delhi accept the entrance exams conducted at the national level such as CAT, MAT, CMAT, etc. However, some colleges that are under the Delhi NCR area such as Jamia Milia Islamia and the Faculty of Management Studies (Delhi University) conduct entrance exams for the admission process. Some colleges also accept GMAT scores for admissions. There are no state-level entrance exams conducted by the state government of Delhi. Candidates will have to appear for the national-level entrance exams based on the colleges they prefer to get admission to. 

MBA Admissions in Maharashtra

What is MBA Course Fee?

The course fee for an MBA in India differs from private to government or public colleges. However, candidates may expect to spend a minimum of INR 20,000 to INR 40 Lakh annually for MBA. There are multiple factors that affect the MBA course fees. Although government colleges are quite pocket-friendly, private colleges are quite expensive. Here is a list of MBA colleges with their course fee:

MBA Syllabus for different Specialisations

The MBA course syllabus for the first two semesters will be the same for all the MBA specialisations. The third semester will contain subjects related to the specialisation chosen by the candidate.

Required Skillset for MBA

MBA is a course, which requires the complete dedication of the candidate. One must be ready to accept the hardships that come with it. Candidates must have these sets of skills to be qualified as an MBA graduate. It is always better if the candidate already has the skills. If not, pursuing MBA will motivate and inculcate these skills:

Leadership

Studying for an MBA brings the candidate the resources to build leadership skills. It enables the person to act as a leader for the team members. The person must be capable of motivating and inspiring the members of the group. They must have firm confidence in themselves and in the work. It is best to gain expertise in the area to be able to lead the team.

Communication

Another important skill that is very necessary is communication. MBA job requires the candidate to meet and communicate with lots of new people on different matters. They must be able to handle each person in the way required. Candidates must be able to put across their ideas in an innovative and understanding way. Also while submitting any proposal or information, they must be able to handle the responsibility of it.

Critical Thinking

Candidates must be aware of the good and bad for the team. They must have the potential to think through the matter and make a decision best for the team. The MBA syllabus includes this as an integral part. Additionally, instead of fixating on personal gain, they must focus on the big picture and work accordingly. Also, an MBA graduate must be ready to accept positive and negative feedback and implement it in the best way possible.

Creativity

Innovative ideas, ventures, and practices must be implemented. Candidates must be ready to accept fresh angles and viewpoints. 

Teamwork

Instead of working like a boss, one must always act as a leader and work with the team. A good leader always prioritizes the team before personal gains. And the best strategy to build better results is always teamwork.

Flexibility

Always is flexible with the changes. Being adamant and continuing with old methods will never help to grow. Being flexible, and adapting to new methods, and technology will always help to grow. To build the bridge over the growing business industry, flexibility is the key.

Resilience

Once you start the journey in the business world, it is not easy to look back. Although the business world is harsh and difficult to climb the ladder of success. But giving up or quitting cannot be an option. Candidates must be resilient and continue to push back and fight through the hardships to build a stable career.

Self Awareness

Being self-aware of one's strengths and weaknesses are important. It helps to think about the best ways to use the strengths and improve the weaknesses. It will help to build confidence.

Integrity

Honesty towards one's own work and responsibilities is another aspect that an MBA aspirant must possess. While leading a group of team members, if the candidate is not honest with the team, it can lead to havoc. Being integral is equally important as the other skills.

Course Curriculum for MBA

MBA is widely known as the gateway to entering the business world. While that is not incorrect, it also includes some essential skills and knowledge as the core curriculum of the programme. The areas focused on during the MBA Programme are Organisational and Behavior, Economics, Accounting, and Finance. Candidates are also skilled in management skills, Human Resources, Information Systems, Marketing, Sales, and various other domains. It also focuses on the technical aspects, and leadership skills.

MBA Course Syllabus

It is essential that candidates are aware of the MBA syllabus they are going to study by opting for the MBA programme. The MBA syllabus is commonly divided into semesters. And the MBA syllabus will differ according to the specialisation of the candidate. 

Candidates must note that in addition to the three main MBA subjects, they will have to choose five additional MBA subjects depending on the type of MBA specialization opted for them. They can check the list of available MBA subjects from the table provided below.

Also Read: Syllabus of MBA vs Syllabus of PGDM

MBA Scope in India

Being an MBA graduate in India has great scope. Immediately after graduating, there are high possibilities to bag the best jobs. With 10-19 years of experience, any candidate can easily get a salary of INR 14,00,000 LPA undoubtedly. With 20 or more years of experience, an MBA in India can easily get senior-level jobs. A senior-level job in Management offers posts such as Director, Vice president, and Senior Director. The MBA salaries offered in these posts can wind up to INR 25 Lakhs Per Annum or more without any upper limit. 

MBA jobs are available in the private, government, and public sectors. There is no shortage of jobs for MBA graduates. If not college placements, with the right skillset, candidates can easily get jobs in the top companies and organizations. Candidates can also apply for jobs abroad with relevant work experience. 
 

What is MBA Salary

MBA is a well-respected and in-demand course. Any MBA graduate can easily get a respectable job with a handsome salary package. Most MBA colleges offer direct placements with high-end salary job profiles and salary packages. An MBA salary in India, despite an MBA government salary or MBA private salary, is considered handsome. 

However, the starting average salary of MBA graduates in India ranges from Rs. 7 Lakh to Rs. 12 Lakh per annum. If you have studied at an Ivy League B-School in India, it can start from Rs. 15 Lakh per annum. Mid-level salary ranges from between Rs. 15 Lakh to Rs. 24 Lakh per annum. Senior-level salary ranges above Rs. 20 Lakhs per annum.
 

Skills that make you the best MBA Graduate

To grasp and incorporate all the skills taught during the course can get difficult. But to emerge as one of the best MBA graduates amongst all others, it is essential to have some of the most essential skills. Candidates with the following skills, make it to the top of the business world, which can be a bit challenging o enter. So, one must be well-prepared. It is advisable to adapt to these skills as an MBA graduate:

• Adaptability
• Leadership Skills
• Decision Making Skills
• Innovative
• Communication Skills
• Initiative and drive
• Critical thinking
• Conflict Resolution
• Problem Solving
   

MBA Career Options and Job Prospects

MBA is a highly skilled degree and opens up various opportunities for candidates. From working in the private, public, or government sectors to venturing out to become an entrepreneur, an MBA course goes a long way toward shaping your career.  

Career prospects after MBA are varied. Depending upon the B-school a candidate has graduated from, the job prospects differ. Top B-schools in India such as the Indian Institute of Management(s) have the best placement strategies in place, and more often than not, their students are usually the best place in the industry. Immediately after the MBA course, candidates may seek placement in the best job sector.

Candidates can check the type of job profiles available for MBA graduates from the table provided below.

Top Recruiters for MBA Graduates

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

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