Master of Business Administration [MBA] Course Details - Admissions, Eligibility, Duration and Course Fees

The acronym of Master of Business Administration is MBA. It is a post graduate degree course which comes under the management spectrum. The MBA course duration is 2 years with a total of 4 semesters. Bachelors degree from a recognized university with a minimum of 50% or higher are eligible for this course. This course deals with disciplines such as- Human Resource, Management, Finance, Business and Banking. MBA job scope is of high demand in the business environment since it directly acts in the core of the industry. One with excellent communication and leadership quality along with creative ideas can go for this course.

MBA Fee in India:

Master of Business Administration[MBA] course fee may vary from universities to universities or colleges based on their standards. The average course fee structure ranges from INR 3 lakhs to 10 lakhs per annum.

MBA Salary in India:

MBA salary package varies from specialized field one is working. The average salary for MBA graduates is INR 6.56 lakhs per annum. Skills and experience gained in the industry will also be a factor for high pay.

MBA Course:

Master of Business Administration [MBA] is a professional postgraduate degree in business administration-management. The MBA course duration for full-time is 2 years, which is divided into 4 semesters.

Subjects like Management Theory and Practice, Leadership and Entrepreneurship, Financial Markets, Instruments, and Business & Corporations Law are part of the MBA curriculum. Accreditation bodies, specifically for MBA programs, ensure consistency and quality of education. The course helps build the following in its students:

• Imparts a strong theoretical foundation in business concepts.
• Provides practical opportunities through internships, group assignments, and individual projects to test what students learn in the class.
• Builds hard-skills in the areas of management and leadership.
• Polishes a range of soft-skills like communication, motivation, and negotiation.

Opens up global opportunities for career growth. MBA career opportunities are in various employment areas like-

1. Banks
2. Multinational Companies
3. Business Consultancies
4. Industrial Houses and many more.

Allows MBA students to start an independent business after graduating. Colleges like Manav Rachna International Institute of Research and Studies, Faridabad, Xavier's Labour Relation Institute, Jamshedpur, Faculty of Management Studies, Delhi are some of the top colleges for MBA in India.

The MBA syllabus covers various fundamental practices, the dos, and don'ts of the industry while teaching in the students the ethics and practices of the Indian market. The MBA job & scope is vast as the dire need for efficient management of a private firm, or a government sector is ever-increasing. The general expectation of a graduate of an MBA course is the appointment of the individual in a managerial responsibility of the department he/she is hired for.

MBA Quick Links:

• What is MBA Course?
• Why Choose MBA?
• MBA Courses List
• MBA Entrance Exams
• MBA Course Preparation Tips
• MBA Subjects
• MBA Course Fees
• MBA Course Syllabus
• MBA Course Eligibility
• MBA Course Admission
• MBA Specializations
• MBA Job Opportunities
• MBA Course Salary
• List of MBA Colleges
• Distance MBA
• Difference between PGDM, PGPM, and MBA

What is MBA Course?

The full form of MBA is a Master of Business Administration. It is a postgraduate academic degree which is awarded for a course or program in Business Administration. It is one of the most sought-after courses which can be attained by students of any stream. An MBA degree in India is examination-oriented and concentrates on the theoretical aspects of management.

There are 2 types of MBA:

1. General MBA - which is often shorter in duration.
2. Specialised MBA - which may take longer but is more marketable.

The program is available in various subjects whose material focuses on:

1. Commerce
2. Management
3. Economics

The MBA courses that are provided usually include a thesis component or can even be exclusively research-based. The course strengthens the theoretical, analytical and applied knowledge base of Business Administration. The MBA degree originated in the United States in the early 20th century when the country industrialized and companies sought scientific approaches to management.

The core courses in an MBA program cover various areas of business such as

1. Accounting
2. Finance
3. Marketing
4. Human resources
5. Operations in a manner most relevant to management analysis and strategy.

The MBA Syllabus also includes elective courses that enable the student to pick a subject of their choice. Business schools in many countries offer programs tailored to full-time, part-time, executive (abridged coursework typically occurring on nights and weekends) and distance learning.

Why Choose MBA?

Master of Business Administration [MBA] is one of the most sought out courses in the world. Not only do MBA graduates have more significant job opportunities but also they get paid more. Account Manager, Management Consultant, IT Services Marketing Head, Relationship Manager are some of the most lucrative MBA job types for after the completion of the course.

Internship in some of the Management and Financially oriented companies are some of the fruitful experiences for an MBA Aspirant. The course enables the students to network effectively. During an MBA, they get to interact with a lot of professionals who will be of great help in their future careers.

 

MBA Courses List:

In India, the following courses under the broad spectrum of Master of Business Administration [MBA] are followed in their curriculum:

• MBA in Decision Sciences
• MBA in Economics and Social Sciences
• MBA in Entrepreneurship
• MBA in Finance and Accounting
• MBA in Information Systems
• MBA in Marketing
• MBA in Organisational Behaviour and Human Resources Management
• MBA in Operations Management
• MBA in Public Policy
• MBA in Strategy
• MBA in Hospitality and Tourism Management
• MBA in Logistics and Supply Chain Management
• MBA in Food and Agricultural Business Management
• MBA in General Management
• MBA in Law
• MBA in Pharmaceutical Management
• MBA in Social Entrepreneurship
• MBA in Entrepreneurship and Family Business
• MBA in Airline and Airport Management
• MBA in Real Estate Construction and Management
• MBA in Hospital and Healthcare Management
• MBA in Telecom
• MBA in Digital and Social Media Marketing
• MBA in Event Management
• MBA in Corporate Communication and Public Relations

MBA Entrance Exams:

The aspirants of Master of Business Administration [MBA] have to prepare for a series of gruelling examinations to prove their credentials and gain admission into the top MBA colleges in the nation by dint of merit:

1. Common Admission Test: CAT is the important exam conducted by the Indian Institute of Management(s) [IIMs) and is preferred as the qualifying exam by most top management institutes and B-schools in India.

2. Xavier Aptitude Test: Final year students and students with Bachelor's degrees can apply for the XAT exam, conducted by the Xavier School of Management.

3. Graduate Management Aptitude Test [GMAT]: Conducted by the Graduate Management Admission Council [GMAC], the GMAT exam is the qualifying examination for admission into colleges governed by GMAC.

4. Common Management Admission Test [CMAT]: Conducted by the All India Council for Technical Education [AICTE], the CMAT exam is widely accepted as a qualifying exam by a large number of government-sponsored management and business institutes in India.

5. Management Aptitude Test [MAT]: Conducted by the All India Management Association [AIMA], MAT exam is also considered as a hallmark for admission into government colleges and universities in courses such as MBA.

6. Apply for Top MBA Colleges

MBA Course Preparation Tips:

Here are a few common preparation tips candidates should follow to clear the MBA entrance exam for Master of Business Administration [MBA]; they are:

• Knowledge of the exam paper pattern: The paramount step in preparing well for the entrance exam is a deep-rooted understanding and comprehension of the paper pattern and the syllabus.

• Effective time management: Focus points should be kept in mind, with particular emphasis on weaker subjects and the daily practice of numerical problems. A timetable should be drawn and the candidate should follow the timetable with dedication and diligence.

• Enrolling in coaching institutes: A coaching class or a tutor especially for clearing the entrance exam is a bonus as the teacher will help a candidate to focus on weaker zones and will aid in practice and comprehension of topics.

• Practice makes perfect: Candidates should practice and revise before the exam so that it reduces the unnecessary pressure one day before the examination.

MBA Subjects:

The core and elective subjects followed in the curriculum of the Master of Business Administration [MBA] course are listed below. While the subject list may vary from college to college, the crux of the subject composition remains the same for most colleges in India.

Sl.No.	MBA Core Subjects
1	Management Theory and Practice
2	Strategic Management
3	Accounting and Financial Management
4	Marketing Management
Plus four of the following restricted electives
6	Business Economics
7	Corporate Finance
8	Human Resource Management
9	Research Methods
10	Leadership and Entrepreneurship
11	Management of Change
12	Managing for Sustainability

 

The elective subject list listed in the MBA curriculum is as follows:

Sl.No.	MBA Elective Subjects
1	Management Accounting for Costs and Control
2	Financial Accounting
3	Current Developments in Accounting Thought
4	Accounting Systems and Processes
5	Financial Accounting 2
6	Auditing
7	Communication in Business
8	Business Economics
9	Corporate Finance
10	Financial Markets and Instruments
11	Investments Analysis
12	Financial Planning
13	Human Resource Management
14	Research Methods
15	International Human Resource Management
16	Advanced Studies in Industrial Relations
17	Strategic Human Resource Development
18	Organisational Behaviour
19	Training and Development Environment
20	ICT Project Management
21	IT Infrastructure Management PG
22	IT Management Issues
23	IT Risk Management
24	ICT Project Management
25	IT Management Issues
26	IT Risk Management
27	Business and Corporations Law
28	Taxation 1
29	Leadership - A Critical Perspective
30	Management of Change
31	Managing for Sustainability
32	Customer Behaviour
33	Managing Project and Service Innovation
34	Global Marketing
35	Integrated Marketing Communications

 

MBA Course Fees:

The average MBA course fees in India varies in the range of INR 3 lakhs-10 lakhs per annum. This amount may vary depending on the prestige and position of the institute concerned, the infrastructure, faculty as well as government quotas.

MBA Course Syllabus:

The course syllabus followed by the Master of Business Administration [MBA] curriculum throughout the 2-year course is as follows. While this syllabus may vary slightly as per university, the core of the syllabus is maintained.

MBA Syllabus- Semester 1
Sl. No.	Syllabus
1	Finance for Non-Finance
2	Joy of Management
3	Micro-Economics
4	Business Statistics
5	Marketing and Consumer Behaviour
6	Excel Spreadsheet Modelling
7	Organisational Behaviour
8	Marketing of Products and Services
9	Financial Reporting and Analysis
10	Business Research Methodology
11	Operation Research
12	Macro Economics & Policy
13	Business Communication & Presentation Skills

 

MBA Syllabus- Semester 2
Sl. No.	Syllabus
1	Costing Products and Services
2	Synthesizing and Analyzing Data using R
3	Managing Operations and Supply Chain
4	Human Resource Management
5	Indian Banking and Financial Markets
6	Indian Economy in the Global Context
7	Managing Stakeholders and Legal Processes
8	Managing Financial Resources
9	Bringing Ideas to Market
10	Strategic Management
11	Project Management
12	Data Science Using R and Python

 

 

MBA Syllabus- Semester 3
Sl. No.	Syllabus
1	Management of Design
2	Business Model and Intellectual Property
3	Leveraging IT for Business
4	Corporate Governance and Social Responsibility
5	Analysing and Mitigating Risk
6	Applied Business Research
7	Problem Solving and Consulting Skills

 

MBA Syllabus- Semester 4
Sl. No.	Syllabus
1	Capstone Simulation
2	Ethics and Indian Ethos
3	Integrated Decisions Making
4	Leadership Development
5	Applied Business Research Project

MBA Course Eligibility:

Candidates who have passed an Honors or a Bachelor's degree from any university recognized by UGC with 50% or equivalent are eligible to apply for the Master of Business Administration [MBA]. Final year students awaiting their results are also available. The basic eligibility of passing 10+2 secondary and higher secondary schooling with the minimum percentage required is mandatory.

It's mandatory for students to appear in the entrance exam like

1. GMAT
2. XAT
3. ATMA
4. CAT
5. MAT, etc

MBA Course Admission:

The admission procedure starts in the second week of March. Candidates have to give entrance exams like GMAT, CAT, XAT, etc and the cumulative score is taken for the admission process.

There will be three rounds further for the selection into a university which are:

1. Written Test
2. Group Discussion
3. Interview

MBA Specializations:

The various specialization options available to a student pursuing a Master of Business Administration [MBA] degree are:

Sl.No.	Specialisations
1	MBA (Human Resource Management)
2	MBA (Marketing)
3	MBA (Finance)
4	MBA (Information Technology)
5	MBA (International Business)
6	MBA (Operations Management)
7	MBA (Systems Management)
8	MBA (Financial Management)
9	MBA (Retail Management)
10	MBA (Banking)

 

The various course-wise specialisations of Master of Business Administration [MBA] are:

SI.No.	MBA Specializations
MBA Specialization in Finance
1	Master of Business Administration (Finance) [MBA(Fin)]
2	Corporate Finance
3	Money and Capital Markets
4	Investments Analysis
5	Financial Planning
MBA Specialization in Human Resource Management
6	Human Resource Management
7	International Human Resource Management
8	Advanced Studies in Industrial Relations
9	Human Resource Development
10	Information Technology
MBA Specialization in (Information Technology) [MBA (InfoTech)]
11	Systems Development Project Management
12	Telecommunications Management PG
13	IT Management Issues
14	IT Risk Management
15	Marketing
MBA Specialization in (Marketing) [MBA]
16	Consumer Behaviour
17	Managing Product and Service innovation
18	Marketing Strategy
19	Global Marketing
20	Integrated Marketing Communications

 

MBA Job Opportunities:

The various types of job opportunities available for a graduate in Master of Business Administration [MBA] are:

• Account Manager
• Corporate Treasury
• Brand Manager
• Business Operations
• Card Payments Operations Head
• Credit Analysis
• Equity Research Analysts
• Relationship Management
• HR Generalist Business Partner
• Corporate Banking
• Management Consultant
• Trade Finance Services
• Marketing Manager
• Risk Analytics
• IT Services Marketing Head
• Wealth Management
• Project Managers
• Branch Banking & Credit
• Recruitment Manager
• Commercial Credit
• Vice President - Investment Banking
• Equity Research
• Zonal Business Manager - Telecom
• Strategic Business
• Investment Banking

MBA Course Salary:

The average course salary offered to a graduate of Master of Business Administration [MBA] is INR 6.56 L per annum. This amount varies as per industry, seniority, experience, and diligence at the workplace.

List of MBA Colleges:

The top colleges in India to pursue a course in Master of Business Administration [MBA] are as follows:

SI.No.	Name of the College
1	Indian Institute of Management [IIM Ahmedabad]
2	Indian Institute of Management [IIM Bangalore]
3	Indian Institute of Management [IIM Calcutta]
4	Indian Institute of Management [IIM Lucknow]
5	Indian Institute of Management [IIM Kozhikode]
6	Indian Institute of Management [IIM Delhi]
7	Indian Institute of Technology [IIT Kharagpur]
8	Indian Institute of Technology [IIT Roorkee]
9	XLRI - Xavier School of Management [XLRI Jamshedpur]
10	Indian Institute of Management [IIM Indore]

Source: India Today

Distance MBA:

The most prestigious distance Master of Business Administration [MBA] colleges in India are:

Sl. No.	Name of the College
1	Indira Gandhi National Open University [IGNOU NewDelhi]
2	Symbiosis International University [SIU Pune]
3	ICFAI Business School [IBS Hyderabad]
4	Sikkim Manipal University [SMU East Sikkim]
5	Dr Hari Singh Gour University [DHSGU Sagar]
6	Annamalai University Distance Education
7	Amity University, Distance and Online Education
8	Bharathidasan University [BU] Tiruchirappalli
9	Alagappa University Distance Education
10	MIT School of Distance Education [MITSDE] Pune

Difference between PGDM, PGPM, and MBA:

PGDM:

• Program Type: Usually, 2 years full time. One year PGDM is not equivalent to MBA.

• Academic Focus: Basic foundation plus practical training keeping up with industry demands.

• Cost: Generally, more expensive than a university MBA. SP Jain PGDM costs INR 16 lakhs ($25k) for its full academic fee of two years.

• Eligibility: Much like the MBA degree, it too requires an undergraduate degree with a minimum score, group exercises, personal interviews, written ability tests, CAT score. The selection is contingent on a weighted combination of these plus factors like gender and work experience in a managerial role.

• Institutes: The Indian Institute of Management [IIMs], XLRI, SP Jain Institute of Management, and more.

PGPM:

• The PGPM is not an AICTE recognised diploma or course. It is essentially an award or certification for one year. In that sense, it doesn’t feed into your qualifications towards, say, a PhD. It is also quite flexible and can be designed to suit the needs of the current relevant industry needs.

• For instance, Great Lakes offers a PGPM program for one year, geared towards experiential learning, peer participation, and it is taught in collaboration with international faculty.

• Eligibility requirements mandate either of GMAT/CAT/XAT/CMAT scores, an excellent academic record from a recognised institution, essays, and a minimum work experience (specified by the school). The Great Lakes PGPM costs about INR 15 lakhs.

MBA:

• Program Type: 2-year Degree course.

• Academic Focus: The curriculum, in MBA programs in India, tends to be more technical and theoretical.

• Cost: An MBA program, in India, is significantly cheap, especially if directly granted by a university. Affiliated programs are maybe somewhat more expensive but still far more reasonable than international MBA degrees. In any case, an MBA is still cheaper than PGDM. In the interest of clarity, an MBA from the Faculty of Management Studies (University of Delhi), will cost an academic fee of about INR 1,00,000 ($1,500), for the entire program.

• Eligibility:

  • Undergraduate from a recognised university, an institution of national importance, or a foreign university with blessings from the Association of Indian Universities [AIU]. Candidates should have secured a minimum score of 50%.

  • Some form of aptitude test, such as the Symbiosis National Aptitude Test [SNAP], the Common Entrance Test [CET] conducted by the Government of Maharashtra as part of their Centralized Admission Process, or even the scores of CAT, CMAT, GMAT, MAT, XAT, ATMA, etc.

  • Candidates are well-advised to research the university-specific aptitude testing criteria. Final selection is contingent on success in group exercises, interviews, writing ability test, and previous academic record.

• Institutes: Symbiosis Institute of Management (Pune), Faculty of Management Studies (University of Delhi), Mumbai University, Savitribhai Phule Pune University.

Other Related Courses in India:

• PGDM Course
• MMS Course
• BBA+MBA