MBA Course Overview
MBA full form is Master in Business Administration. It is a 2-year postgraduate course concentrated on business administration. The major MBA subjects impart knowledge of different areas of business administration, such as Management, Entrepreneurship, Finance, Marketing, Accounting, Business Communication, Business Ethics, Human Resources, Business Law, Business Strategy, Managerial Economics, Supply Chain Management, Operations Management, Strategic Management, and Applied Statistics. MBA is the most popular and the highest achievable degree in the Management field, opted by millions of students every year around the world.
In India, accreditation bodies like the All India Council for Technical Education (AICTE) and the University Grants Commission (UGC) ensure the consistency and quality of Management education across all the colleges and universities. Various B-schools around the world offer full-time MBA course, part-time, executive (evening & weekend MBA programme), and distance learning MBA in a wide range of specializations. MBA admission is done on the basis of entrance exam scores and academic background. The best MBA colleges in India include IIMs, MDI Gurgaon, JBIMS Mumbai, IIFT Delhi, SIMSREE Mumbai, and XLRI Jamshedpur among others. The total course fees generally range between INR 5 lakh and INR 25 lakh.
From Marketing to Tourism and Healthcare, every economic sector today has a need for qualified managers and offers a wide range of MBA jobs like Finance Manager, Marketing Manager, Media Planner, Product Manager, Sales Manager, etc. The average salary for freshers can range between INR 2-4 lakhs per annum, depending on the specialization they have pursued and the industry where they are looking for employment. A professional with an experience of 4-5 years, can easily get an MBA salary between INR 7-15 LPA. Senior or Executive level MBA jobs offer a salary package between INR 20-30 lakhs per annum. Read further for more information about the MBA course.
MBA Latest Updates
- CAT 2023 results released on December 21, 2023.
- XAT 2024 result expected on January 31, 2024.
- SNAP 2023 results released on January 10, 2024!
- IIFT exam cancelled! Admission into IIFT will now be conducted through CAT exam .
- MAT 2024February session exam dates announced on the official website. Check now!..
Table of Contents
- MBA Course Overview
- MBA Latest Updates
- MBA Program Highlights
- MBA Full Form
- Why Choose an MBA Degree?
- What is an Online MBA Degree?
- What is the Difference Between MBA and PGDM?
- Types of MBA Programs
- MBA Eligibility Criteria
- MBA Entrance Exams in India
- List of Popular MBA Specializations
- MBA Admission Process in India
- MBA Fees in India
- MBA Syllabus/ Subjects
- Top Private MBA Colleges in India
- Top Government MBA Colleges in India
- Top MBA Colleges Offering Direct Admission in India
- Top Distance MBA Colleges in India
- Top MBA Colleges by Location
- Career Options After MBA
- Courses After MBA Degree
- Study Full-time MBA Course Abroad
- Other Popular Courses
- FAQs about Masters of Business Administration
- Direct MBA Admission Process Without Entrance Exam
MBA Program Highlights
| Particulars | Details |
|---|---|
| Name of the Course | MBA or Master of Business Administration |
| Level | Post Graduate |
| Duration | 2 Years |
| Exam Type | Semester |
| Types of MBA | Full-Time MBA, Part-Time MBA, Distance MBA, Online MBA, Executive MBA, Integrated MBA |
| Top MBA Specializations in India | Sales, Marketing, Finance, Human Resources, IT, Operations, Digital Marketing, Business Analytics |
| Admission Process | Entrance Exam & Merit-Based (Private Colleges) |
| Minimum Qualification Requirement | Undergraduate Degree Programme |
| Minimum Aggregate Required for Admissions | 50-60% |
| Popular MBA Entrance Exams | CAT, MAT, XAT, ATMA, SNAP, TISSNET, CMAT, NMAT, GMAT |
| Top B-Schools in India | IIM Ahmedabad, IIM Indore, IIM Bangalore, FMS Delhi, IIM Calcutta, IIM Kozhikode, IIM Lucknow, SPJIMR Mumbai, XLRI, etc. |
| MBA Fees in India | INR 10 to 25 Lakh |
| Major MBA Recruiters | Amazon, Citigroup, Deloitte, Apple, Bain & Company, Flipkart, Microsoft, Google, Tesla, LinkedIn, PepsiCo, Unilever, Nike, Ernst & Young, and Deutsche Bank. |
| Average Starting MBA Salary | INR 5 to 22 Lakhs Per Annum |
MBA Full Form
The full form of MBA is Master of Business Administration (also known as Master in Business Administration). MBA is a post-graduate degree that can enhance an individual’s skills and abilities and make them competent enough to work at managerial levels, thereby opening doors to countless career opportunities. Admission to top MBA colleges is done based on MBA entrance exams and a bachelor’s degree in Business Administration or any other stream.
Why Choose an MBA Degree?
MBA is an internationally acclaimed degree preferred by individuals who wish to gain knowledge of business practices. Here are a few top reasons to choose an MBA:
Developing Managerial Skills
MBA programme helps develop business acumen and managerial skills and prepares a candidate to perform various managerial duties. An MBA degree also instills communication, analytical, logical, comprehension, and various other crucial skills.
Better Career Opportunities
With an MBA from a well-recognized institute, one can find high-paying in some of the biggest organizations not just in India but abroad as well. Many working professionals do MBA to boost their careers and grab better career opportunities.
Developing Leadership Skills
With an MBA degree, one can acquire leadership roles in top companies across the world. It prepares a candidate to lead a team, convey his ideas clearly to the team members, make decisions that can impact hundreds of people, and keep the functioning and operations of the business intact.
Entrepreneurial Skill Development
An MBA helps students understand how a business works and what contributes to its success; thus, preparing them for entrepreneurial roles and starting their own company.
Lucrative Salary & Great Benefits
Students are offered exceptional salary packages between 20-50 lakhs per annum after graduating from an MBA course from a well-established college or university. Through IIM placements, one can even get a package of 90 lakhs per annum and above.
Global Exposure to Business and Economy
Professionals working in the Management sector are exposed to businesses and economies of various nations. One can learn about global business administration and management techniques by taking up jobs after MBA.
What is an Online MBA Degree?
Online MBA course is a great option for those who don’t have time to attend classes due to various responsibilities. If you are a working professional who can’t invest time in a full-time MBA program or just need to get a degree from the comfort of your home, then you enroll in the online course. The classes are conducted online and the recorded lectures are also available.
The curriculum is designed specially to ensure one grasps the core values of the course and also develops the necessary skills. Candidates can take admissions from any city to any desired college around the country by filling out the application form. IGNOU, Chandigarh University, LPU, and Symbiosis Centre for Distance Learning are some of the top institutes for online MBA. The annual course fees start from INR 40,000 to INR 2 lakhs, approximately.
What is the Difference Between MBA and PGDM?
MBA (Master of Business Administration) and PGDM (Post Graduate Diploma in Management) are both postgraduate business management programs. But there are some key differences between MBA and PGDM discussed in the table below.
| Point of Difference | MBA | PGDM |
|---|---|---|
| Qualification | Master's degree conferred by universities or affiliated colleges. | Postgraduate diploma awarded by autonomous institutes or business schools. |
| Affiliation and Recognition | Offered by universities and are subject to the regulations and approval of the respective university and higher education authorities. | Offered by autonomous institutes and are approved by bodies like AICTE, but the curriculum and evaluation methods are set by the institute itself. |
| Curriculum Flexibility | Limited flexibility in terms of course offerings. | More flexibility in designing their curriculum. |
| Emphasis on Practical Skills | Theoretical approach, with a mix of practical exposure, depending on the university and the specific program. | Emphasize practical training and real-world exposure through internships, industry projects, and workshops. |
| Duration | 2 Years | 1-2 Years |
| Admission Criteria | Entrance Exam + Merit | Entrance Exam + Merit |
| Global Recognition | MBA degrees from reputed universities are often recognized and respected worldwide. | Varying degrees of global recognition, depending on the reputation of the institute offering the program. |
Types of MBA Programs
Have a look at the types of MBA courses available:-
| Type of MBA Program | Duration | Eligibility | Approx. Fees (in INR) |
|---|---|---|---|
| Full-Time MBA | 2 Years | Graduation in any discipline | 2 Lakh to 25 Lakh |
| Part-time MBA | 2-4 Years | Graduation | 1 Lakh to 10 Lakh |
| One Year MBA | 12-15 Months | Graduation with 2-5+ years of experience | 10 Lakh to 40 Lakh |
| Executive MBA | 1-2 Years | Graduation with 5-10 years of work experience | 10 Lakh to 45 Lakh |
| Online MBA | 2 Years | Graduation | 40,000 to 2 Lakh |
| Distance MBA | 2-4 Years | Graduation in any discipline | 30,000 to 2.5 Lakh |
| Integrated MBA | 5 Years | Minimum aggregate score in 10+2 | 1 Lakh to 17 Lakh |
MBA Eligibility Criteria
Candidates must make sure they check the specific eligibility criteria for an MBA course at their preferred MBA college before applying for admission. The basic MBA eligibility criteria have been mentioned below:
- Academic Qualification: Candidates must have completed graduation in any stream from a recognized board. The minimum aggregate for General Category students is 50-60% (5% relaxation for Reserved categories).
- Final-Year Students: Final-year students can also apply. However, admission is subject to the final exam results of their UG. If the candidate does not score the minimum aggregate, their admission will be revoked.
- Entrance Exam Scores: A valid scorecard of any entrance exams such as CAT, MAT, XAT, SNAP, NMAT, CMAT, etc. (whichever is applicable) is required.
- Work Experience: It is compulsory to have work experience of 3-10 years for an Executive MBA.
Required Skillset for MBA
- Leadership
- Communication
- Critical Thinking
- Creativity
- Teamwork
- Flexibility
- Resilience
- Self Awareness
- Integrity
MBA Admission Process in India
The basic admission process for MBA courses consists of certain phases that are similar across a majority of management institutes. Here are the stages that every MBA candidate must go through to seek admission into an MBA.
- The first step is to apply for the MBA entrance exams accepted by the colleges one is seeking admission to. Check all the requirements of the entrance exam and ensure you meet them.
- If you qualify for the entrance exam and meet the minimum cutoff, you will be called for selection rounds. Students need to register to take part in the counselling and fulfil all the requirements.
- Based on the entrance exam scores, candidates are shortlisted and called for Group Discussions, Written Ability Test, or Personal Interview rounds. MBA colleges offering direct admissions to MBA, on a merit basis also conduct personal interview rounds.
- After evaluating candidates based on entrance exam scores, GD/PI performance, academic performance, and work experience (if any), the final list of selected students will be declared.
- Those who have been allocated a seat in the MBA college will be required to do the reporting (offline or online) and pay the admission fees.
State-Wise MBA Admission Process
Although the admission process for MBA across India is similar, there are a few requirements that might change as per the state. Here are the details of the admission process followed in different states in India:
MBA Admissions in Delhi
The MBA colleges in Delhi accept the entrance exams conducted at the national level such as CAT, MAT, CMAT, etc. Jamia Milia Islamia and the Indian Institute of Foreign Trade (IIFT) conduct their own entrance exams. There are no state-level entrance exams conducted by the state government of Delhi.
MBA Admissions in Maharashtra
Directorate of Technical Education, Maharastra conducts a state-level entrance known as the MAH MBA CET. 70-80% of colleges in Mumbai accept MAH MBA CET exam scores for admission. Also, some institutes conduct their own entrance exams such as the TISSNET, NMAT by GMAC, etc. to offer MBA admission in Maharashtra Candidates must check the requirements of the college before applying for it.
MBA Admissions in Telangana
Candidates are shortlisted for MBA admission in Telangana through national-level entrance exams or the state-level entrance exam. The state authority conducts, the TS ICET exams annually for admissions to the management courses available at the colleges in Telangana.
MBA Admissions in Andhra Pradesh
One can get MBA admission in Andhra Pradesh by qualifying for national or state-level MBA entrance tests. Most of the B-Schools in the state accept the score of AP ICET (Andhra Pradesh Integrated Common Entrance Test), a state-level exam conducted by Andhra University on behalf of APSCHE.
MBA Admissions in Karnataka
Colleges in Karnataka accept national-level entrance exam scores or state-level KMAT exam scores as the first stage of the selection process. However, some private colleges also accept direct admissions based on previous education records.
MBA Admissions in West Bengal
MBA admission in West Bengal is generally based on national-level entrance exams. Most colleges accept CAT and MAT entrance exam scores. Meanwhile, some other colleges in West Bengal accept state-level entrance exam JEMAT scores.
Direct MBA Admission Process Without Entrance Exam
Direct admission into MBA without entrance exams is offered by most of the private MBA colleges and deemed universities in India. The admission process is very simple and candidates don’t have to go through various stages. Check the eligibility criteria and admission process without an MBA exam.
Eligibility Criteria for Direct MBA Admission
- Candidates should have completed graduation with at least 50% marks from a recognized board. The requirement for aggregate marks may vary from college to college.
- For management quota seats in private MBA colleges across various states, candidates should have at least 50% marks at the UG level.
- There is generally no get limit to getting direct admission. However, candidates must check the requirements of the college they are applying to.
Direct MBA Admission Process
- Fill out the application form of the desired college before available on its official website.
- Getting shortlisted for admission based on academic qualifications.
- Appearing for Group Discussion/ Personal Interview, if conducted by the college.
- Reporting at the designated college and paying the admission fee.
MBA Fees in India
Before applying to their desired colleges, candidates must check out MBA fees in India so that they do not face any financial issues down the road. Here’s the MBA fee of top colleges in India:
| Name of the College | Total Fees (Approx.) |
|---|---|
| IIM Ahmedabad Fee | INR 32,00,000 |
| IIM Bangalore Fee | INR 23,00,000 |
| IIM Calcutta Fee | INR 31,00,000 |
| IIM Lucknow Fee | INR 20,10,000 |
| IIM Udaipur Fee | INR 21,00,000 |
| IIM Ranchi Fee | INR 17,60,000 |
| IIT Kharagpur Fee | INR 1,64,000 |
| IIT Delhi Fee | INR 10,24,000 |
| FMS Delhi Fee | INR1,92,000 (for 2 years) |
| NITIE Mumbai Fee | INR 14,60,000 |
| IIFT New Delhi Fee | INR 18,78,000 |
| Symbiosis Pune Fee | INR 5,60,000 |
| MDI Gurgaon Fee | INR 18,86,000 |
| Narsee Monjee Mumbai Fee | INR 6,44,000 |
| XLRI Jamshedpur Fee | INR 26,80,000 |
| SP Jain Mumbai Fee | INR 21,42,000 |
| IIT Roorkee Fee | INR 4,28,000 |
| IIT Bombay Fee | INR 1,00,000 |
MBA Syllabus/ Subjects
Check the semester-wise MBA syllabus provided in the table below.
| Semester 1 | Semester 2 | Semester 3 | Semester 4 |
|---|---|---|---|
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MBA Syllabus for Different Specializations
MBA syllabus for different specializations is designed keeping in mind the needs of corporate management in this day and age. Check out the syllabus for top MBA specializations provided in the table below.
| MBA Specialization | MBA Syllabus |
|---|---|
| Finance |
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| Marketing |
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| Organizational Behavior & Human Resource Management |
|
| Production and Operations Management |
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| Entrepreneurship |
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| IT Management |
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| Services Management |
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MBA Scope in India
For an MBA graduate in India, the career prospects are immense. The opportunities to land lucrative and fulfilling jobs are abundant right after graduation. With a minimum of 5-10 years of experience, an MBA candidate in India can expect to learn an impressive salary of INR 14,00,000 LPA without any doubt. With more than 15 years of experience . the possibilities only get better as senior-level position in Management such as Director, Vice President, and Senior Director , Vice President and Senior Director become easily attainable. These position offer outstanding remuneration packages of up to INR 25 LPA or more , with no upper limit. An MBA degree offers a wide range of career opportunities in both private and government sector ranging from Marketing to Tourism and Healthcare. Graduate with exceptional knowledge and skills can secure junior , senior , and executive- level private and government jobs after MBA. The jobs in this field can be highly rewarding and satisfying, particularly for alumni from top B-schools. However , even without college placements, candidate with the right skill set an expertise can easily land jobs in the top companies and organizations. Depending on the Specialization , skillset and knowledge , candidates can opt for highly lucrative job option after completing their MBA , which not only provide high salary packages but also other fantastic benefits . The possibilities are endless for MBA graduates in India ,and it is truly and exciting time to enter the job market with this degree.
Study Full-Time MBA Course Abroad
Student often get confused between MBA in India vs MBA abroad. for so many reasons. Studying MBA abroad is possible through the Graduate Management Aptitude Test (GMAT), Based on the country , Candidate also have to either appear for the International English Language Testing System(IELTS), or the Test of English as a foreign Language (TOEFL). The fee for doing an MBA abroad is generally higher than in India, However students can earn an MBA Scholarship to afford education in foreign countries.
Eligibility Criteria to Study MBA Abroad
- Completed Graduation in Management or a related stream from a recognized college or university.
- Clear the GMAT(Graduate Management Aptitude Test).
- Proficient in the language of the country.
- 3-5 years of work experience and a Letter of Recommendation may be required.
Top MBA colleges Abroad
Here a few top MBA Colleges abroad you may consider for Admission.
| Name of the College | Country Located in |
|---|---|
| Harvard Bussiness School | USA |
| University of Oxford | UK |
| Standford Graduate School of Bussiness | USA |
| Penn(Wharton) | USA |
| HEC(Paris) | Canada |
| MIT Sloan | USA |
| London Bussiness School | UK |
| IE Bussiness School | Spain |
| Columbia Bussiness School | UK |
| IESE Bussiness School | Spain |
| University of East London | UK |
| University of Canada West | Canada |
| University of Waikato | New Zealand |
| University of Alberta | Canada |
| University of Toronto | Canada |
| Dublin Bussiness School | Ireland |
