MBA in Artificial Intelligence or Master of Business Administration in Artificial Intelligence is a two-year postgraduate degree course that focuses on upbringing the up-to-minute thinking and up-to-date methods for AI technologies to generate revenue and sow seeds of future business opportunities. In this course, students will be taught by highly educated academics with real industry experience from fields such as accounting, law enforcement, AI, business, and commerce. An MBA in AI teaches how to use complex algorithms to solve problems.
To be eligible for MBA in Artificial Intelligence courses, students must pass entrance exams like CMAT, CAT, GMAT, etc. In India, many of these courses are delivered both offline as well as online/distance modes of education. Some of the top colleges offering these courses are BML Munjal University (Gurugram), SRM Institute of Science and Technology (Chennai), Amity University (Noida), etc. On average, the course fee ranges from around INR 3 to 6.5 LPA. Graduates in this field earn decent starting salaries ranging between INR 7 and INR 17 lakhs annually.
Check out the significant highlights of the MBA in Artificial Intelligence courses below:
|Name||Master of Business Administration in Artificial Intelligence|
|Annual Average Course Fee||INR 3 to 6.5 Lakhs|
|Minimum Qualification Requirement||Bachelor’s Degree in Any Discipline|
|Average Initial Salary||INR 7-17 Lakhs (annual)|
|Selection Process||Entrance Exams and Merit-Based|
|Popular Entrance Exams||CMAT, CAT, GMAT, etc.|
|Minimum Aggregate Required for Admissions||45% to 55%|
|Major Recruiters||Microsoft, Amazon, Reliance, Juniper Networks, Twitter, IBM, Morgan Stanley, Fractal Analytics, etc.|
|Top Colleges in India||BML Munjal University (Gurugram), SRM Institute of Science and Technology (Chennai), Amity University (Noida), etc.|
With every firm looking to include AI in their operation, studying AI provides a world of potential to produce cutting-edge tech solutions in varied areas including image identification, computer protection, pharmaceutical, or face recognition. Artificial intelligence (AI) is a popular business re-engineering and efficiency-boosting tool that specialises in making business processes and computers do tasks that would ordinarily require human intelligence.
Speech-to-text, text-to-speech, perception, decision-making, speech recognition, and language translation are all examples of language processing. It is a subfield of computer science whose goal is to create intelligent computer machines. An MBA in AI combines an awareness of the influence of business effectiveness through research, analysis, technology, and consultancy in the business world. This programme emphasises AI technologies and consulting abilities in addition to business fundamentals such as Accounting, Operations, Finance, Marketing, Managerial, and Strategic planning.
Students will be exposed to the Consulting AI Lab, where real AI-based consulting methods for industry-based projects will be implemented. The subjects are arranged to facilitate self-learning as well as to benefit the regional industry or worldwide entrepreneurs. The dynamic company Case studies are reinforced by a variety of teaching and learning pedagogies, such as expert sessions, technical and consulting workshops led by diverse AI and consulting professionals, in-house AI-consulting laboratories, live projects, international study abroad tours, and skill acquisition programmes and conferences.
One of the most prognosticated MBA programmes after a bachelor's degree is the one in Artificial Intelligence. MBA in Artificial Intelligence courses are offered to prospective students in all three modes of learning: full-time, part-time and online/distance schooling. Details are discussed below:
Full-time two-year students must attend in-person classes, complete regular assignments, and take semester-by-semester offline exams on campus. They must also present projects and perform practicals as part of the course programme. Students who enrol in a full-time study gain practical experience in the subject as well as in-depth learning through actively engaging with their instructors and other students.
For students who cannot commit to the full-time programme or who are working in their professions full-time, there is a part-time MBA in Artificial Intelligence course available. The part-time programme lasts two to three years.
Similar to the part-time course, distance/online MBA in Artificial Intelligence courses also last two to three years and can be pursued from anywhere. This course is designed for students or researchers who are working professionals and who cannot attend full-time or even part-time courses. Colleges like SRM School of Management (Kattankulathur), D Y Patil International University (Pune), Amity University (Noida), etc. provide this course.
In India, multiple entrance exams are held for MBA in Artificial Intelligence courses, such as at the national level, state level, and university level. The following is a list of some of the entrance exams that applicants may take to enrol in this management course:
Common Management Admission Test (CMAT): For admission to the country's management programmes like MBA in Artificial Intelligence, CMAT is a national-level entrance test. This test helps AICTE-accredited participating MBA colleges choose qualified graduate applicants for admission to their management programmes.
Common Admission Test (CAT): The most prominent national-level entrance exam in India used to admit candidates to the best management colleges, especially IIMs is CAT. Data Interpretation and Logical Reasoning, Verbal Ability and Reading Comprehension and Quantitative Ability make up the three portions of the test.
Graduate Management Admission Test (GMAT): It evaluates the competencies that are most crucial for success in a graduate management degree like an MBA in Artificial Intelligence. The GMAT exam is only taken by applicants to graduate management education programmes, which total more than 200,000 applicants each year. IIMs, ISB, XLRI, SPJIMR, and many other prestigious B-schools are among the top MBA colleges in India that accept GMAT scores.
In India, the eligibility criteria for MBA in Artificial Intelligence courses may vary from one college or university to another. The detailed eligibility criteria are discussed below:
The admission process for an MBA in Artificial Intelligence may slightly vary depending on the type of institution and mode of applying (online or offline). The following is the common admission procedure for online/ distance or direct university admissions for this course:
Step 1: Visit your preferred college's official website.
Step 2: Fill out the application form after signing in as a new user.
Step 3: Scan all your required original documents, upload them, and then attach them to your application.
Step 4: Register and pay the application fee, then submit the application form.
Step 5: You will be informed of the status of your admission confirmation after the document verification process is complete. After that, you must use one of the college's provided payment methods to pay the programme's academic fee.
Step 6: A confirmation message containing the applicants' enrollment number and ID will be sent via SMS or email when the academic fee has been processed.
The following are a few most popular colleges in India to study MBA in Artificial Intelligence courses. These colleges hold the status of producing successful MBA graduates along with notable growth in the overall placement records of the universities.
BML Munjal University
Aviation Institute Of Advanced Technology (AIAT)
Graphic Era University
As we know, traditional computers operate on an input/output basis, meaning that the result is determined by the input. The majority of the work performed by computers nowadays is a result of inputs. The goal of an MBA in Artificial Intelligence is to remedy this. The businesses will save a tonne of money yearly as a result. Numerous reputable businesses, including Amazon and Facebook, have already begun using AI-based solutions, even at this early level. The need for AI (and, consequently, AI professionals) will grow astronomically in the near future, not just in India but worldwide.
We have seen what SIRI and Alexa are capable of doing. They respond to every question with answers that are generally coherent. Yet these are only the most primitive applications of AI. Robots powered by AI are being used by Amazon in its warehouses to sort goods and transport them to delivery trucks. Using AI to identify and remove bogus news from websites is yet another interesting use. Self-driving cars powered by AI are soon to be chic. There are countless possibilities of how AI can reincarnate the world. Hence, studying MBA in Artificial Intelligence courses abroad offers several research opportunities for prospective students. In every country in the globe, the following business sectors can profit from AI:
The table below shows the top colleges to study MBA in Artificial Intelligence courses abroad along with their respective countries:
IU International University of Applied Sciences
Bloom Business School
Neuroscience Business School
University of Cumbria
Ball State University
As discussed, the MBA in Artificial Intelligence is a two-year postgraduate programme offered under the Business Administration stream. An MBA in AI teaches students what it takes to use complex algorithms to solve the problems of the business world. To pursue an MBA in Artificial Intelligence at an Indian institution, the average tuition fee for a one-year programme is between INR 3,00,000 and INR 6,50,000. However, it may vary depending on the type of institution, facilities provided, research opportunities offered, etc. Furthermore, pursuing an online MBA in Artificial Intelligence course is comparatively cheaper compared to the traditional mode of education.
An MBA in AI course curriculum teaches students how businesses employ AI and Machine Learning in business administration. It also assists students in applying Data Science and Artificial Intelligence principles to data analysis. Now, let us discuss MBA in Artificial Intelligence course curriculum in detail for the whole two-year course.
The following table shows the first-year MBA in AI course syllabus segregated into core subjects and elective subjects respectively:
|MBA in AI Core Subjects||MBA in AI Elective Subjects|
|Developing Consulting Mindset for Problem Solving||Business Analytics Intelligence|
|Economics||Directed Intensive Projects|
|Financial Reporting and Management Control||EdX, Coursera|
|Introduction to Artificial Intelligence for Technology Managers||Short Intensive Project based on Directed Readings|
|Language Lab (Python/R/Tensor Flow)||Finance Management|
|Leadership and Corporate Accountability||Global Business Management|
|Management Perspectives||Marketing Management|
|Statistical Decision Making||Global Outsourcing|
|Strategy Management||Unsupervised Learning|
The following table shows the second-year MBA in AI course syllabus segregated into core subjects and elective subjects respectively:
|MBA in AI Core Subjects||MBA in AI Elective Subjects|
|AI Consulting 4.0 Practicum||Artificial Intelligence and Security|
|Business Solutions Teams||Creator’s Code|
|Cryptocurrency and Allied Business||Digital Marketing Strategies|
|Data Visualisation Principles and Tools||EdX, Coursera|
|Deep Learning and Predictive Analytics||Health Intelligence 4.0|
|International Business Negotiation and Decisions||Leading with Mindfulness and Compassion|
|Machine Learning Applications||Introduction to Block Chain|
|Protecting Ideas||Marketing Analytics|
|Supervised Machine Learning||Power of Stories in Business|
|-||Supply Chain Analytics|
One's profession will be future-proof by taking the MBA in Artificial Intelligence course. It is estimated that AI could contribute USD 957 billion, or 15% of the current market value, to the Indian economy by 2035. As time goes on, individuals are attempting to programme computers to think for themselves. These days, we like conversing with SIRI or we do adore Amazon's reliability and speedy arrival. The only possible reason behind this AI.
Even if we assume that computers with AI can comprehend for themselves, the logic-based AI system requires a massive amount of data to be fed. Data that is unstructured cannot simply be ingested. A thorough, logical, and substantial amount of data is required by AI robots for their algorithm to function efficiently. Artificial intelligence has a countless variety of applications. A candidate who chooses an MBA in Artificial Intelligence course will have access to several employment opportunities worldwide.
The career prospects in the field of MBA in Artificial Intelligence are quite promising with lucrative salary packages and numerous opportunities. The following is a list of the most typical job profiles for the graduates of this field:
Some of the top employers for MBA in Artificial Intelligence graduates are listed below:
Students can get a better gauge of what MBA in Artificial Intelligence graduates are earning by conducting a fast search on job portals. As per the research, the maximum salary that an AI expert may make is a staggering INR 22 lakh per annum. Contrarily, the minimum salary fluctuates between INR 3 lakh and INR 5 lakhs annually. Listed below are some job roles and their average salaries based on experience and skills one has in this field.
Estimated Average Annual Salary (in INR)
Business Intelligence Developer
6 to 9 lakh
5 to 8 lakh
5 to 8 lakh
R & D Engineer
7 to 13 lakh
Machine Learning Researcher
6 to 10 lakh
5 to 7 lakh
Data Mining Analyst
4 to 8 lakh
The following list includes some typical skills that are crucial in the field of MBA in Artificial Intelligence, both for studying and for finding employment:
Coding Expertise: People use AI to automate tasks. Successful use of high-quality programming is a must for this logic-based automation to succeed. The king of automation is Python. Therefore, Python proficiency is required.
Strong Logical Sense: Lack of a precise sense of logic prevents an MBA in Artificial Intelligence graduate from providing the system with superior algorithms and high-quality if-then logic, which are the cornerstone of an AI's ability to think autonomously.
Apart from these, listed below are a few skills required:
MBA in Artificial Intelligence is a two-year postgraduate degree programme that focuses on developing cutting-edge thinking and methods for AI technology to produce revenue for the business. Students in this course will be taught by highly educated academics with real-world experience in sectors such as accounting, law enforcement, artificial intelligence, business, and commerce. An MBA in AI teaches students how to resolve issues using complicated algorithms.
Yes, MBA in Artificial Intelligence is considered a good career in India. It is undoubtedly a worthwhile career choice as the world is being revolutionised through AI. In addition to being financially rewarding, it is also predicted to be the most high-demand profession of the future generation. Graduates in this field will have enhanced professional prospects and advancement after graduation. If a student wants to be a part of something both global and contemporary, this course is ideal for them.
Career prospects for MBA in Artificial Intelligence in India are wide and diverse even for freshers. Business analyst, software engineer, data analyst, and product manager are some of the most in-demand roles for MBAs with artificial intelligence degrees. Graduates can expect excellent earnings and a quick path to career advancement in these industries. Furthermore, the domain of artificial intelligence has a bright future, with the Bureau of Labor Statistics estimating a 31.4% rise in jobs for data scientists and mathematical science experts — both of which are essential to AI — by 2030.
Yes, MBA students can do Artificial Intelligence without a programming background. The MBA in Artificial Intelligence course curriculum prepares students for professions in management consulting, marketing, product management, and software engineering. The uniqueness of this course is that AI is incorporated into the course to teach business management. It also provides students with the skills and knowledge necessary to implement artificial intelligence solutions for businesses.
Yes, it can be said that MBA in Artificial Intelligence is tough to study. Learning AI is difficult, especially if you are not a coder, yet it is necessary to learn at least some AI. Every student can pursue this course if they put in some hard work. The course covers everything necessary from fundamental comprehension to full-fledged master's degrees.
|MBA in Tourism Management|
|MBA in Biotechnology|
|MBA in Foreign Trade|
|MBA in Airline and Airport Management|
|MBA in Education Management|
|MBA in E-Commerce|
|MBA in Entrepreneurship|
|MBA in Computer Science|
|MBA in Corporate Social Responsibility|
|MBA - Actuarial Science|
|MBA - Information Technology|
|MBA in Data Analytics|
|MBA in Safety Management|
|MBA in Infrastructure Management|
|MBA in Interior Design|
|MBA in Textile Management|
|MBA in Oil and Gas Management|
|MBA in Public Policy Management|
|MBA in Statistics|
|MBA in Disaster Management|
|MBA in Operation Management|
|MBA in Energy and Environment|
|MBA in Event Management|
|MBA in Capital Markets|
|MBA in Hospital Administration|
|MBA in Banking and Insurance|
|MBA in Digital Marketing|
|MBA in Dairy Management|
|MBA in Brand Management|
|MBA in Accounting|
|MBA in Shipping and Logistics|
|MBA in Hotel Management|
|MBA in Business Management|
|MBA in Information System Management|
|MBA in Air Travel Management|
|MBA in Real Estate Management|
|MBA in Business Analytics|
|MBA - Technology Management|
|MBA in Marketing|
|MBA in Service Management|
|MBA in Pharmaceutical Management|
|MBA - Investment Management|
|MBA in Advertising Management|
|MBA in Telecom Management|
|MBA - Fashion Management|
|MBA in Business Law|
|MBA in Aviation Management|
|MBA in Financial Technology|