Master of Business Administration or M.B.A is one of the most reputed 2 year post-graduation degree in the world which is designed to develop skills in management and business.Usually in India, the duration of MBA is 2 years, which is divided into 4 semesters. However, in India if you want to pursue a professional MBA course or executive MBA course then the duration will be slashed by one years.
Some Entrance Exams conducted for admission in MBA Course are:
MBA for people with good work experience is also offered in some good business schools in India with a time duration of one year.
The average fee for pursuing this course may range anywhere between INR 2 to 17 lacs depending upon the institute or university which provides education in this course. Basic eligibility for MBA is an undergraduate degree in any discipline.
Top Institutes offering MBA are:
An MBA graduate at an entry level can earn anywhere between INR 4 to 15 lacs annually depending on his/her expertise and the respective institute. Various job profiles in the field are Account Manager, Brand Manager, Equity Research Analysts and Project Manager.
Also the course is provided by more than 3000 institutes throughout the country where the admission and the selection is based on entrance exam. Students can opt for Full-time MBA or Part-time MBA or even Executive MBA
Semester System/Year wise
10+2 with 50% (45% marks for reserved candidates) marks in any stream
Merit-based/ Entrance test
INR 2 lacs to 17 Lacs
Average Starting Salary
INR 4 to 15 lacs per annum
Top Recruiting Companies
Accenture, Vodafone, Snapdeal, Flipkart, TATA, Airtel, Samsung, Micromax
Top Recruiting Areas
Banks, Business Consultancies, Brand Marketing, Non-Profit organization, Educational Institutes, Export Companies, MNCs etc
Account Manager, Brand Manager, Equity Research analyst, Management Consultant, Marketing Manager, Project Manager, Zonal Business Manager.
MBA is the pursuit of innovative and traditional business methodology developed through collaborative teamwork, individualized self-discipline, and interaction with professors and the business world. The objective is to bring all these aspects together to become a socially responsible and innovative manager, ready to tackle immense issues experienced by companies with poise, knowledge, and for the benefit of the organization and customer service as a whole.
There are mainly two types of MBA offered:
Regular MBA- The duration of the course is 2 years and each year is divided into 2 semesters. Also a person needs to complete the internship during the middle of 1st and 2nd year of the course which is designed to enhance the practical knowledge of management to help students become thorough with business administration skills in an advanced manner.
Executive MBA- Online MBA, also known as E-MBA is a Management Course focused around working professionals. The courses are structured to impart management education to professionals aspiring to move to mid-level or senior level management. The duration of the course varies from 1 year to 2 years.
Also it is thought that this course gives a detailed overview of business challenges to make a person fit for becoming a businessman, however the overview is discussed in deep to create a person with excellent managerial and administrative skills and not business skills. Hence it is not necessary that an excellent MBA grad can be an excellent businessman as well.
There are more than 40 streams to choose while opting for an MBA in India. A brief list of some of the popular streams are-
Almost all the universities offer an MBA course, however there are some Management colleges in India which have an extra edge in terms of infrastructure, level of education and placements. Some of those top MBA colleges in India are-
|Name||State/City||Average Course Fee (in INR)|
|Indian Institute of Management||Ahmedabad||1,012,500|
|Indian School of Business||Hyderabad||2,472,500|
|Xavier Labour Relations Institute||Jamshedpur||1,480,000|
|Faculty of Management Studies||New Delhi||10,000|
|Jamnalal Bajaj Institute of Management Sciences||Mumbai||3,00,00|
|ICFAI Business School||Hyderabad||6,25,000|
|Kristu Jayanti College||Bangalore||3,00,000|
|Amity Business School||Noida||5,52,000|
|EMPI Business School||New Delhi||3,48,000|
Students having a bachelor’s degree with minimum 50% aggregate in any discipline is eligible for MBA program.
Although it is advised that candidates should have a work experience of minimum 24 months, as many institutes prefer students with corporate experience before entering the managerial level.
In order to get admission in MBA, students need to clear the entrance exam which is followed by a group discussion round and personal interview round. Many institutes like IIM, Faculty of Management Sciences accept CAT score.
CAT: Common Admission Test (CAT) is an entrance exam conducted for admission to MBA programs. The skills tested in this exam are quantitative ability, reasoning, reading comprehension and verbal and non-verbal communication, solving skills and data interpretation. This exam is carried out the month of November.
Universities like Symbiosis Institute of Management, Pune conduct their own entrance test known to be SNAP, which is a paper driven test. Apart from CAT, other exams through which students can get admitted to MBA colleges are CMAT, XAT, MAT, GMAT and NMAT.
Many institutes offer distance education in MBA, in which students are provided with study material (manually mode or online) and assignments, which need to be submitted within a specified time period. Some of the top institutes which provide this option areNarsee Monji Institute of Management Studies (NMIMS), Institute of Management Technology, Symbiosis Center for Distance Learning, Sikkim Manipal UniversityDirectorate of Distance Education
The selection of a candidate is screened by the highly qualified and experienced professionals. The weightage of entrance test, GD/PI is 55-65% and 10-20% respectively.
Course structure of MBA program is designed in accordance with the latest and contemporary needs of the business world, with a brief study of old but relevant business techniques which are still beneficial. The management strategies with which students are enlightened are conspicuous in the syllabus of the program.
Delivery method of the program comprises of classroom lectures, guest lectures from qualified professionals, field work and internships. The weightage of external and internal examination is 60% and 40% respectively.
Subjects of MBA focus on training students in various domains of management and business administration, which prepare them to be able to tackle the problems occurring in the business arena.
An overview of the syllabus of MBA is given below:
Management Process & Organizational Behavior
Introduction to Management, Process of Management, Fundamentals of Organizational Behavior, Individual & Group Behavior and Process in Organization
This course is designed to expose the students to fundamental concepts of management, its processes and behavioral dynamics in organizations.
Descriptive Statistics, Linear Programming, Decision Theory, Transportation Problems
To expose students to quantitative techniques in management decision making.
Introduction, Demand Analysis and Theory of Production, Theory of Cost and Market Structures, Introduction to Macro Economics
The course is aimed at building a perspective necessary for the application of modern economic concepts, precepts, tools and techniques in evaluating business decisions taken by a firm. The course will also look at recent developments in business in the context of economic theory.
Accounting for Management
Nature of Accounting Information, Cost Accounting, Performance Evaluation Techniques, Decision Making Techniques
The course aims at enabling students to understand the basic accounting principles and techniques of preparing & presenting the accounts for users of accounting information. The course also familiarizes the students with the basic cost and management accounting concepts and their applications in managerial decision making.
Information Technology Management
Computer Hardware and Number System, Computer Software, Data Communication and Network, Functional and Enterprise Systems
The primary objective of this course is to familiarize the student with basic concepts of information technology and their applications to business processes.
Theory of Communication, Forms of Communication, Important Parameters in Communication, Other Communication Parameters
To train students to enhance their skills in written as well as oral Communication through practical conduct of this course. This course will help students in understanding the principles & techniques of business communication.
Business and Legal Environment
Meaning of Business Environment, Planning and Economic Policies, Business Legislation, Overview of Economic Legislation
This course is intended to make students understand various social, political, legal and economic and other factors that influence business in India so as to enable them appreciate associated opportunities, risks and challenges and their relevance for managerial decisions.
Management of Technology, Innovation and Change
Technology Management, Change Management, Innovations Management, Creative and Lateral Thinking Management
This course is designed to help students to understand the importance of managing technology, innovation and change at the firm’s level and also at the national level.
Nature and Scope of Financial Management, Planning for Sources of Finance, Retained Earning Vs. Dividend Decision, Capital Budgeting
The course is aimed at building an understanding of concepts, vital tools and techniques applicable for financial decision making by a business firm.
Introduction to Marketing, Product and Pricing Decisions, Promotion and Distribution Decisions, Emerging Trends and Issues in Marketing
The course aims at making students understand concepts, philosophies, processes and techniques of managing the marketing operations of a firm.
A person who is interested in solving various challenges related to smooth business running should opt for this course. This course requires a person who is skilled in managing a team and have the ability to take tough decisions in unfavorable situations. Hence a person who loves to take challenges while maintaining calm in tough environment are more likely to find solace in this course. Apart from this, having great communication skills and ability to maintain healthy relationships will only act as a feather in the cap.
The career prospects of an MBA are unlimited in terms of opportunities and scope. A person has an option to be an HR, Head in departments like operations, marketing, sales, supply chain and much more. Since there are more than 40 different directions in which a person can build his/her career, it would be relevant to say that a person has the opportunity to be a manager at every department of an organization (depending upon his stream) irrespective of the type of organization (whether e-commerce or any other). Many young individuals also choose to become an entrepreneur to exercise their growing potential in the business world
Most common sectors and jobs after MBA are as follows-
Product and Brand Managers-. A Brand Manager’s responsibilities include coordinating and overseeing a variety of divisions of a corporation to ensure the efficient and timely flow of a product to the market.
Investment Banking- MBA in Finance grads are prone to this area of banking as it is a low risk and high rewarding industry who recommend companies to invest onto shares, bonds, portfolios etc.
Media & Entertainment- People interested in digital marketing can enjoy their positions in these industries as they are evergreen zones which flourish at all times in a year.
Real Estate- Real estate is another area where MBAs find their position as they manage buying, selling, leasing, and financing property.
Management Consultancy-A highly demanding yet rewarding job, a person will be expected to formulate original and realistic solutions to meet business needs. Management Consultants are expected to have strong analytical and interpersonal skills.
MBA students are in high demand all over the country which is why many firms hire professionals who can work for them in a professional and efficient way. Some of the top recruiters are:
|Job Profile||Job Description||Average Salary (in INR)|
Account Manager is Responsible for achieving high sales targets and building relationships with new clients and leading team productivity. They also work to develop new business from existing clients and seek new sales opportunities.
|5 to 6 Lacs|
|Brand Manager||Brand Manager plans, develop and put direct marketing efforts to increase value and performance of a brand, service or product. They must focus on increasing profits and minimising loss of the brand, and also actively seek opportunities to improve brand image and positioning as compared to the competitors||9 to 10 Lacs|
|Equity Research Analyst|
Equity Research Analyst analyse financial data and public records of companies and use this analysis to determine the value of the company's stock and to predict the company's future financial picture.
|3 to 4 Lacs|
|Management Consultant||Management Consultant’s key roles are to solve issues, create value, improve business performance and maximise growth. They give advice and help an organisation to develop any skillset it might be lacking.||1,006,667|
Marketing Managers are responsible for developing, implementing and executing strategic marketing plans for an entire organization in order to attract potential customers and retain existing ones.
|4 to 5 Lacs|
Project Manager Plan, Budget and look after all the aspects of specific project. They work with upper management to make sure that the scope and direction of each project is on schedule, as well as other departments for support.
|7 to 8 Lacs|
Corporate houses have increased their investment in MBAs, which is why MBA students are able to build lucrative career and earn a decent remuneration which increases with experience and expertise. The graph below shows the generic salary trend offered to MBA students in various departments.