Duration: 2.0 yrs |Mode: Regular|Avg. Fees: 10 Lakhs / Year
12536 (Courses) 4594 (Institute)
MBA or Masters of Business Administration is an internationally accredited post-graduate degree that is created to develop business and management skills amongst future business leaders and entrepreneurs. 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; those interested in pursuing a career in the private, government & public sector can also benefit with an MBA degree.
In India specifically, there are two types of management degrees available.
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.
The various sectors where an MBA graduate can find employment include:
Banking & Finance
Information System Management
Admission to is strictly on the basis of management entrance exams conducted on national, state and levels. Besides this, students have to adhere to the following eligibility criteria:
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 apply to any of the following entrance exams:
government also conducts tests for admission to MBA government colleges as well private MBA colleges in the state. Some of them include:
There are various management schools in India that also conduct individual management entrance exams for admission to their colleges.
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 an even more grueling popularly known as Group Discussion (GD) & Personal Interview).
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 degree comes a long way into shaping your career.
Career prospects after MBA is varied. Depending upon the B-school you have graduated from, the job prospects get impacted. Top B-schools in India like the Indian Institute of Management(s) have the best placement strategies in place, and more often than not, their students are usually the best placed in the industry.
MBA graduates can work as :
The starting average salary of MBA graduates in India ranges between 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.
Some top MBA colleges in East India include IIM Kolkata, XLRI Jamshedpur, IIM Shillong, Xavier Institute of Management Bhubaneswar, IMI Kolkata, NIT Durgapur etc. Check the list of top 20 MBA colleges in East India here.
Some top MBA colleges in West India include IIM Ahmedabad, IIM Udaipur, EDII Ahmedabad, SPJIMR Mumbai, JBIMS Mumbai, NITIE Mumbai, Goa Institute of Management etc. Check the list of top 20 MBA colleges in West India here.
The top private colleges for MBA in India include SPJIMR Mumbai, XLRI Jamshedpur, ISB Hyderabad, IMT Ghaziabad, LIBA Chennai, SIBM Pune, LBSIM Delhi etc. You can check the list of top private MBA colleges in India here.
Average placement for MBA students usually depends on the capabilities of a student as well as the college/institute from where he/she pursues management education. Tier 1 colleges may offer packages as high as Rs.13 lakh - Rs.15 lakh per annum, Tier 2 colleges may offer Rs.8 lakh - Rs.9 lakh per annum while Tier 3 colleges may only offer Rs.4 lakh - Rs.5 lakh per annum to its students.
Some top MBA colleges in North India include FMS in University of Delhi, IIM Lucknow, MDI Gurgaon, IIFT Delhi, IMT Ghaziabad, IMI Delhi etc. Check the list of top 20 MBA colleges in North India here.
Some top MBA colleges in South India include IIM Bangalore, ISB Hyderabad, IIM Trichy, IIM Kozikhode, Great Lakes Institute of Management Chennai, Christ University Bangalore etc. Check the list of top 20 MBA colleges in South India here.
The first year of an MBA programme is all about giving students an understanding of management subjects. You will be introduced to the specialised areas of management in the latter part of the first year and then you can choose an area that suits your career goals.
There are many specialisations available in the field of MBA but some of the most popular ones are: MBA in Marketing MBA in Finance MBA in Operations Management MBA in Information Technology (IT) MBA in Human Resource MBA in Logistics Management MBA in Rural Management MBA in Health Care MBA in Event Management
MBA has great career prospects and opens various avenues for management graduates. With an MBA degree in hand, one can find options in the private, public or government sectors. Becoming an entrepreneur is also considered a great for MBA graduates. The career prospects after an MBA also depends upon the B-school you've graduated from and the skills you develop during the programme. MBA graduates can work as: Management Consultant Management Analyst HR Manager Financial Advisor Brand Manager Financial Manager IT Manager
Yes, you can apply for government jobs after completing your MBA degree. You can check the eligibility criteria of the job before sending your applications.
Get details of best colleges for MBA.