MBA (Master of Business Administration)

MBA is a two-year postgraduate management course that deals with administering human resources, finance, marketing, sales, customer services. The goal of this course is to produce trained professionals for effective management in this entrepreneurial world. MBA graduates have diverse job opportunities in the airline, fashion, marketing, educational, and information technology.

About MBA 

MBA full form is Master of Business Administration. Oxford languages define business administration as "a course of study at a university or college that prepares students for managerial roles in companies or organizations."

MBA duration is two years and suitable for graduates who want to pursue their career as entrepreneurs, business executives, technocrats, and managers. This course is especially for aspirants who want to equip exhaustive knowledge on management and principles. It focuses on various subjects like marketing, entrepreneurial learning, organizational behavior, and human resource management, and much more.

Table of Contents:

• MBA Eligibility Criteria
• MBA Admission Process
• Popular MBA Entrance Exams
• Colleges for MBA in India
• Why Choose MBA?
• MBA Fees Structure
• Syllabus and Subjects for MBA
• Preparation Tips for MBA
• MBA Scope for Higher Education
• MBA Salary
• MBA Career Options
• Skills to Excel

Eligibility Criteria for MBA

Aspirants applying for an MBA must have met the eligibility requirements for admission is determined by the institution. MBA eligibility criteria differs according to the institutions, basic eligibility criteria is listed below:

• Applicants must have completed their bachelor's degree in any related discipline with a minimum of 50 % of total marks and above from a recognized university.
• Applicants who have completed their bachelor's degree for the final year can qualify for the course on a provisional basis.

How to Get Admission for MBA? 

MBA course eligibility requirements for admission differ based on the institution's which can be either through entrance exam scores or through merit basis.Reputed institutions rely on the admission process based on merit. Listed below are the admission process in general:

Apply For the Course

The aspirants can either apply online or offline. Applicants are expected to apply to the colleges or universities in which they are interested. To be shortlisted for additional rounds of entry, one must score above the minimum qualifying percentile set by the respective college or university.

Selection Criteria

After the written examination, special group meetings and personal interview rounds are held to prepare the nominees' final merit list. Once all the assessments have been carried out, the colleges or universities shall announce the results and issue a merit list of finally chosen applicants based on a written examination, a group discussion, and a personal interview. Following the admission process, the final allocation of seats to the candidates will occur. The applicant will be expected to pay the course fee and register for the respective academic year.

MBA Courses

MBA courses are provided as full-time courses, online MBA, part-time MBA, and Distance MBA. There are various types of MBAs and graduates can pursue according to their professional needs. The working professionals can choose Executive MBA as it adds value to the current designation with an added advantage of shorter course duration. Listed below are top MBA courses:

• MBA in Event Management
• MBA in Human Resource
• MBA in Marketing
• MBA in Finance
• MBA in Business Analytics
• MBA in Information Technology
• MBA in Digital Marketing
• MBA in Operations Management
• MBA in Logistics and Supply Chain Management
• MBA in Travel and Tourism

Other popular MBA specialisations are listed below:

MBA Courses List
MBA in Agribusiness	MBA in Hotel Management
MBA in Airline Management	MBA in Interior Design
MBA in Airport Management	MBA in International Business
MBA in Aviation Management	MBA in Logistics Management
MBA in Banking and Finance	MBA Systems Management
MBA in Banking	MBA in Materials Management
MBA in Biotechnology	MBA in Pharmaceutical Management
MBA in Business Analytics	MBA in Project Management
MBA in Business Economics	MBA in Retail Management
MBA in Data Analytics	MBA in Safety Management
MBA in Data Science	MBA in Sales and Marketing
MBA in Data Science and Data Analytics	MBA in Sports Management
MBA in Entrepreneurship	MBA in Supply Chain Management
MBA in Fashion Designing	MBA in Tourism
MBA in Financial Management	MBA in Tourism and Hospitality Management
MBA in Healthcare Management	Executive MBA
MBA in Hospital Administration

Popular Entrance Exams for MBA

In MBA entrance exams conducted by various bodies, admission to top MBA colleges in India is dependent on the aspirant's ranking. There are multiple forms of entrance exams for the MBA. Some help the aspirants get admission at the national level to universities, some at the state level, and selected institutes conduct some for MBA admissions. Following are the entrance exams conducted at the national and university level for MBA courses:

• CAT
• MAT
• XAT
• NMAT
• CMAT
• GMAT
• GMAT
• TANCET
• MAH CET

A Quick Glance at the MBA Course Entrance Exams

The entrance exams are the gateway to get admission to top institutions; the standard pattern for the entrance exam is listed below:

• The entrance exams will be conducted for approximately 2.30hrs to 3hrs.
• The exam can be conducted online or offline.
• The exam's primary focus is on quantitative ability, data interpretation, verbal reasoning, and grammar.

Top 10 MBA Colleges in India      

Listed below are the top 10 colleges to pursue MBA course:

NIRF Ranking	Institution
1	IIM Ahmedabad
2	IIM Calcutta
3	IIM Bangalore
4	IIM Indore
5	XLRI Jamshedpur
6	FMS Delhi
7	IIM Kozhikode
8	Symbiosis Institute of Business Management Pune
9	IIT Delhi
10	National Institute of Industrial Engineering Mumbai

Fee Structure for MBA

There are more than 6,500 business schools for MBA courses in India. MBA course fees vary from one institution to another. The average fees  ranges from 3 LPA to 30 LPA. Listed below are the fee structure of top MBA colleges:

NIRF Ranking	Name of Institute	Total Fees Structure
1	Indian Institute of Management, IIM, Ahmedabad	INR 23 Lakhs
2	Indian Institute of Management, IIM, Calcutta	INR 23 Lakhs
3	Indian Institute of Management, IIM, Bangalore	INR 23 Lakhs
4	Indian Institute of Management, IIM, Indore	INR. 21 Lakhs
5	XLRI-Xavier School of Management, XLRI -XSM, Jamshedpur	INR 23.60 Lakhs
6	Faculty of Management Studies in University of Delhi, DU, Delhi	INR 30 Lakhs
7	Indian Institute of Management, IIM, Kozhikode	INR 19 Lakhs
8	Symbiosis Institute of Business Management, SIBM, Pune	INR 20. 70 Lakhs
9	Indian Institute of Technology Delhi, Delhi	INR. 3.50 Lakhs
10	National Institute of Industrial Engineering,, Mumbai	INR 4.50 Lakhs

Syllabus and Subjects for MBA

The MBA course focuses on studying finance and human resource, together with management and marketing strategies. The course covers various aspects, such as study, testing, sales, consulting, administration, and distribution. It combines a range of management and analysis skills and business strategies.

• Marketing Management
• Financial Management
• Strategic Management
• Legal Aspects of Pharmaceutical Business
• Entrepreneurship
• Human Resource

Read More about MBA Syllabus and Subjects

Preparation Tips for MBA

Listed below are preparation tips for pursuing MBA Course:

• Get  Hold of Syllabus: Get hold of the examination syllabus you are preparing for, make a list of topics-wise strengths and weaknesses, and work on them rigorously. 
• Detailed Understanding Of the Exam Structure: Understand the exam pattern and test structure of the examination while preparing to make a time-bound exam preparation strategy.
• Make a Month-Wise Preparation Plan: The aspirants can go through the syllabus for the examination they are preparing for and make a timetable or routine after going through the syllabus. 

Scope For Higher Education

MBA course offers extraordinary job scope in diverse sectors that includes sales, marketing, institutions, automobile, banks and much more  After completing the  Masters’ degree program, the aspirant can pursue different kinds of certification courses, which will increase his credibility in the corporate world and strengthen their CV. Aspirants can also choose to pursue Phd in Management if one has deep affinity towards research and wants to provide real time management solutions. 

List of courses MBA graduates can pursue:

• PhD
• CFA

Why Choose MBA?

MBA is a postgraduate course that trains the students in technical, managerial, and leadership skills. The course helps the graduates acquire business acumen and build a strong professional network to create new opportunities. Let's get to know more about "why choose MBA?" with a few simpler questions.

What is MBA All About?

MBA course in India lasts two years. An MBA course focuses on imparting a variety of business principles to the graduates, including marketing, accounting, finance, and economics. The course focuses on providing a comprehensive set of business management skills that help the graduates offer solutions to business challenges. The Master of Business Administration course aims to sculpt the graduates into entrepreneurs with the individuality to face real-world business problems and develop innovative solutions.

What does a Manager Do?

The manager plays a very important role to pursue in an organization. Now let's dive deep into the functions of a manager:

Management: Accomplishing objectives of the company by managing staff, actively planning, and evaluating pls.

Human Resource: The manager also plays an active role in recruiting, orienting, selecting, and training employees.

Reasons why an MBA can give you a rewarding career?

MBA is one of the most popular courses that give a high scope with lucrative pay and a stronghold of management values:

Growth: MBA course offers extraordinary career growth. The graduates have different career options to pursue based on the specialization. The graduates have multiple choices to pursue their career in diverse sectors like education, information technology, the fashion industry, the digital marketing sector, and much more.

Better Career Opportunities: MBA course covers diverse core areas such as human resources, economics, finance, statistics, technology, and information system, which provides better opportunities to expand their knowledge and develop strong networking skills.

Read More about MBA Jobs

Salary of a Manager

The average salary depends on many factors like the company's policy, capabilities of the individuals, the knowledge and the expertise of the aspirants, and many more. The Average Salary ranges from INR 4 LPA to 15 LPA.

Read More about MBA Salary

Career Options After MBA

As India is on its way towards development and growth, it offers a variety of jobs in the diverse field in diverse. With constant infrastructural, agricultural, industrial, and various other government projects being executed, there are ample jobs for MBA graduates. Aspirants who have pursued MBA take up jobs in various private and public organizations' decisions.

Top Recruiting companies:

• BG India
• NDSC
• SGC India Private Limited
• Telford International
• Bechtel India Private Limited
• IBM BTO Business Consulting Services
• L&T Infotech
• HCL Technologies
• Capgemini
• Infosys
• Tech Mahindra
• Honeywell

Skills That Makes You The Best Manager

Skills form the base of any profession. Listed below are the skills that make the graduates professionally sound and knowledgeable:

• Interpersonal skills
• Communication skills
• Digital marketing
• Problem-solving attitude
• Teamwork
• Creativity
• Critical thinking