Masters of Business Administration (MBA)

Updated By Yash Dhamija on 25 Nov, 2020

Average Duration
1 years-2 years
Average Fee
15 K-25 L INR annual
Exams Accepted
CAT, XAT, MAT ...
Study Mode
Regular

About Masters of Business Administration (MBA)

MBA is an internationally accredited post-graduate degree for developing business and management skills amongst future business leaders and entrepreneurs. The full form of MBA is Master of Business Administration. A typical MBA degree covers a wide range of business fields like accounting, marketing & management. An MBA degree is not limited to a career in management so those interested in pursuing a career in the private, government & public sector can also benefit from an MBA degree.  

In India specifically, there are two types of management degrees available.

  • Masters in Business Management (MBA): This degree is offered usually a 2-year degree.
  • Post Graduate Diploma in Management (PGDM): This degree is offered by autonomous institutes like the Indian Institute of Management(s) and is usually a 1-year course.

In recent times, various other versions of MBA/ PGDM have been introduced to adhere to the industry needs. Some of them include:

The MBA course curriculum is a combination of some core subjects like Marketing, Economics, Accounting and Operations, and Elective courses to give management aspirants a chance to follow their own personal or professional interests.  

MBA Specializations

Take a look at the table below to know about some of the MBA specializations.

Finance Management

Marketing Management

Human Resource Management

Rural Management

Health Care Management

Operations Management

Media Management

Sports Management

Hospitality Management

Interior Design

Masters of Business Administration (MBA) Highlights

All the important details about the Masters of Business Administration (MBA) course are mentioned below

Level

Post Graduate

Duration

2 Years

Exam Type

Semester

Minimum Qualification Requirement

Bachelor Degree 

Average Initial Salary

INR 5 to 22 lacs per annum

Selection Process

Entrance Exam

Minimum Aggregate Score Requirement

50%-55%

Major Recruiters

Amazon, Citigroup, Deloitte, Apple, Bain & Company, Flipkart, Microsoft, Google, Tesla, LinkedIn, PepsiCo, Unilever, Nike, Ernst & Young and Deutsche Bank.

    Masters of Business Administration (MBA) Eligibility Criteria

    Admission to the MBA course is strictly on the basis of management entrance exams conducted on national, state, university/institute level. Besides this, students have to adhere to the following eligibility criteria:

    • Graduate from any stream with minimum 50% marks or equivalent CGPA from a UGC recognized Board or equivalent recognition from MHRD,
    • Students belonging to the SC/ ST or PWD category will require a minimum 45% marks to qualify for any MBA entrance test
    • Valid scores of MBA entrance exams like CAT, MAT, XAT, SNAP, NMAT & CMAT etc.

    MBA Admission Process:

    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 fulfil the basic eligibility criteria, you need to appear for any of the following entrance exams:

    • Common Admission Test (CAT)
    • Management Aptitude Test (MAT)
    • Symbiosis National Aptitude Test (SNAP)
    • Xavier’s Aptitude Test (XAT)
    • NMAT by GMAC
    • Common Management Aptitude Test (CMAT)
    • Indian Institute of Foreign Trade (IIFT)
    • MICA Admission Test (MICAT)
    • ICFAI Business School Aptitude Test (IBSAT)

    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)
    • Cochin University Science & Technology (CUSAT)
    • Karnataka Management Aptitude Test (KMAT)
    • Rajasthan Management Aptitude Test (RMAT)
    • Tamil Nadu Common Entrance Test (TANCET) etc.

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

    • Jamia Milia Islamia (JMI), New Delhi
    • SRM University’s Management Test (SRMJEE)
    • Benaras Hindu University (BHU PET)
    • Kalinga Institute of Industrial Technology (KIITEE)
    • University of Petroleum & Energy Studies (UPES-MET) etc.

    Here 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.

    Masters of Business Administration (MBA) Syllabus

    Syllabus of MBA for first two semesters will be same for all the specializations. The third semester will contain subjects related to the specialization chosen by the candidate.

    Semester 1

    Semester 2

    Business Communication

    Economic Environment of Business

    Financial Accounting

    Financial Management

    Human Resource Management

    Management Accounting

    Information Technology Management

    Management of Information System

    Managerial Economics

    Management Science

    Marketing Management

    Marketing Research

    Organizational Behaviour

    Organization Effectiveness & Change

    Quantitative Methods

    Production & Operations Management

    Semester 3

    Semester 4

    Business Ethics & Corporate Social Responsibility

    International Business Environment

    Legal Environment of Business

    Project Study

    Strategic Analysis

    Strategic Management

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

    FINANCE

    Security Analysis & Investment Management

    Project Planning, Analysis & Management

    Quantitative Analysis of Financial Decisions

    Financial Derivatives

    International Financial Management

    Fixed Income Securities

    Portfolio Management

    Risk Management

    Management Control System

    Corporate Governance

    Management of Financial Services

    Financial Reporting

    Corporate Taxation

     

    MARKETING

    Advertising Management

    Analytical Marketing

    Consumer Behaviour

    Brand Management

    Competitive Marketing

    Retailing Management

    Sales Force Management

    Internet Marketing

    Business Marketing

    Marketing Channel

    Sales Promotion Management

    Advanced Research Techniques in Marketing

    Service Marketing

     

    OB & HRM

    Management of Industrial Relations

    Counselling Skills for Managers

    Manpower Development for Technological Change

    Managing Diversity

    Human Resource Planning and Development

    Human Resource Development: Strategies & Systems

    Performance Management

    Negotiation, Persuasion & Social Influence Skills

    Cross-Cultural and Global Management

    Personal Power & Leadership through Asian Values

    Managing Interpersonal and Group Processes

    Compensation Management

    Training and Development

    Leadership, Power & Politics

    PRODUCTION & OPERATIONS MANAGEMENT

    Advanced Operations Management

    Decision Models and Optimization

    Total Quality Management

    Production Planning and Control

    Operations Strategy

    Quantitative Analysis of Risk and Uncertainty

    Operations Research

    Supply Chain Management

    Modelling in Supply Chain Management

    Technology, Innovation and New Product Management

    Environment and Safety Management

     

    ENTREPRENEURSHIP

    Entrepreneurial Management

    Family Business & Entrepreneurship

    Social Entrepreneurship

    Managing the Growing Business

    Entrepreneurship, Creativity & Innovation

    Financing the Entrepreneurial Business

    INFORMATION TECHNOLOGY MANAGEMENT

    Business Process Re-Engineering

    Network Operations, Management & Security

    Managing E-Business

    Strategic Management of Information Technology

    System Analysis and Design

    Managing IT-Enabled Services

    Database Management Systems

    Knowledge Management

    Business Intelligence

     

    SERVICES MANAGEMENT

    Management of NGOs

    Hospitality Operations Management

    Transportation Management

    Service Operations Management

    Tourism Marketing

    Airport Management

    Hospitality Marketing

    Total Service Quality Management

    Civil Aviation Management

     

    Want to know more about

    Masters of Business Administration?

    MBA Career Options and Job Prospects

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

    Career prospects after MBA are varied. Depending upon the B-school you have graduated from, the job prospects get impacted. 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.

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

    Employment Areas

    Job Types

    Banks

    Account Manager, Administrative Officer, Human Resource Managers, Marketing Managers, Card Payments Operations Head, Vice President - Investment Banking

    Brand & Marketing

    Brand Manager, IT Services Marketing Head, Marketing Manager, 

    Business Consultancies

    Human Resource Managers, Management Consultant 

    Educational Institutes

    Trainer, Administrative Officer

    Financial Organizations

    Recruitment Manager, Administrative Officer, Equity Research Analysts, Human Resource Managers

    Industrial Houses

    HR Generalist Business Partner, Zonal Business Manager, Project Managers, Administrative Officer, Finance Managers, Marketing Managers

    Multinational Companies

    Lobbyist/Organizer, Recruitment Manager 

    Personal Business

    Entrepreneur

    Public Works

    Research and Development Managers, Labour Management Relations Specialist 

    Tourism Industry

    Human Resource Managers, Administrative Officer 

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

    Amazon

    Tata

    Accenture

    Flipkart

    Cipla

    Asian Paints

    HCL

    HP

    PWC

    ITC

    Bajaj

    HDFC

    Mahindra

    ICICI Bank

    HSBC

    Microsoft

    Infosys

    Aditya Birla Group

    Reliance

    Citibank

    Deloitte

    The starting average salary of MBA graduates in India ranges from Rs. 7 Lakh – Rs. 12 Lakh per annum. If you have studied from 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 – Rs. 24 Lakh per annum. Senior-level salary ranges above Rs. 20 Lakhs per annum.

    Questions Related to MBA Course

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    FAQs about Masters of Business Administration

    Which are the best MBA colleges in India?

    IIM A, B and C are rated to be the top MBA colleges in India. Besides these, other IIMs and private institutes such as FMS Delhi, SPJIMR Mumbai, MDI Gurgaon etc. top the charts when it comes to MBA colleges.

    Is any entrance exam required for admission to the MBA course in India?

    Yes, entrance exams such as CAT, XAT, MAT, CMAT, MAH CET, UPESMAT etc. are conducted for MBA admissions in India. However, you can also gain admission in private institutes through direct admission via Management Quota.

    What is the different between an MBA and PGDM?

    MBA is a degree course, which can only be offered by universities in India. PGDM is a diploma course that is considered equivalent to an MBA degree in every sense. However, standalone institutions in India are only allowed to offer PDGM courses.

    Which is the best type of MBA?

    The type of MBA you choose depends on your job requirements and career goals. Some of the most popular specializations for MBA include Marketing, Finance, Operations, Entrepreneurship, HRM etc.

    What are the different specializations offered in MBA?

    Some of the MBA specializations offered in India include: Finance / Marketing / Human Resource Management / Logistics and Supply Chain Management/ Shipping / Healthcare and Hospital Administration / Hotel Management / Aviation / Digital Marketing etc.

    Who should take up an MBA degree?

    MBA is an ideal course for a candidate who wants to work in the field of management or as a CEO. However, the specializations and arena of MBA has increased significantly over the years and hence it has become a good course for a wider demographic of students.

    What is the duration of an MBA course?

    As per the norms specified by AICTE, the minimum duration of an MBA course has to be 2 years. The course is usually split into 4 semesters and an internship is mandatory after the first year.

    Which is the regulatory body for MBA in India?

    All India Council For Technical Education (AICTE) is the regulating body for the MBA course in India.

    What is an MBA course?

    MBA is one of the most popular post graduate courses in the field of management. It is a course that focuses on teaching business administration and management skills to a student in various disciplines.

    What is the selection process of MBA?

    Candidates will be selected for admission on the basis of their performance in entrance exams and scores in the bachelor’s degree. Some of the colleges also conduct a GD/ PI round for selection.

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