Masters of Business Administration (MBA)

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:

• Online MBA
• Distance Learning MBA
• Executive MBA

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.

Masters of Business Administration (MBA) Highlights

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

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.

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.

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.

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

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.