What is MBA (Masters of Business Administration)?
Master of Business Administration or MBA is one of the most popular post-graduate programmes in India and abroad. The two-year management programme is a gateway to a plethora of job opportunities in the corporate world. In India, MBA course has gained a lot of significance over the last two decades. For most of the managerial level jobs across domains and sectors an MBA degree has become a necessity which is why, nowadays a large number of BTech, BBA, BCom, BA, BSc, BCA graduates opt for MBA in their post graduation. Here are some important facts about the MBA program:
- What makes MBA such a popular course is that students from any background – including Science, Commerce and Humanities – can pursue it.
- A regular MBA or Post-Graduation Diploma in Management (PGDM) is generally a two-year course divided into four or six semesters. However, there are certain private institutes that offer one-year PGDM programmes as well.
- One can pursue MBA in various modes, such as, Full-Time, Part-Time, Online and Distance-Education. Interested candidates can also find programmes customised based on their professional experience such as Executive MBA
- Many management institutes offer Post-Graduate Diploma (PGD) or Post-Graduate Programme (PGP) in Management instead of an MBA degree. There is not much difference between the two, but for their titles. Also Read: What is the difference between MBA and PGDM.
- The full-time MBA is the most popular among all the education mode. It includes theory classes, practical projects, student exhange programmes, summer internships and final placements.
- Fresh graduates as well as candidates with a few years of work experience opt for a full-time MBA. Some colleges prefer fresh graduates while some colleges give higher preference to candidates with a few years of work experience.
- On the other hand, the Executive MBA is fit for candidates with more than 5 -10 years work experience as it is designed to enhance their managerial and leadership skills to stay relevant in the job market.
- Online MBA, Part Time MBA and Distance MBA programmes are ideal for candidates who wish to study while working.
MBA Eligibility Criteria
Full-time MBA eligibility criteria are as follows:
The basic eligibility criteria for MBA (full-time) is Graduation in any discipline or equivalent from a recognised university
Most of the institutes follow the minimum score criteria in Graduation which is 50 per cent in average or equivalent. For Reserved category students, the minimum score in 45 per cent in aggregate
Final-year Graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of Graduation degree within the duration specified by the institute
Top MBA Entrance Exams
Given below is the list of top MBA exams scores that are valid for admission to various B-schools.
Top MBA Entrance Exams
Admissions to all B-schools typically take place through an admission test. This test can be one of the following types:
- National Level Test conducted by an apex testing body or a top national B-school on behalf of the other participating colleges. eg: CAT, MAT, CMAT or ATMA
- State Level Test conducted by a state level testing body or a top state B-school on behalf of the other participating colleges in that state. eg: MAH-CET, OJEE, KMAT, TANCET or APICET
- Test conducted by a B-school for entrance to its own MBA programme. In some cases, these scores can be accepted as a qualifying criteria by other B-schools as well. eg: IIFT, XAT, NMAT, SNAP, IBSAT
- Test conducted by a university for entrance to MBA programmes being offered by colleges that are affiliated to it. eg: KIITEE, HPU MAT
A manager is expected to lead a team of professionals hence the most important skills for a successful manager are good communication and leadership qualities. Take a look at some of the skills required for MBA/PGDM, below:
Full-time MBA: Required Skillset
Good communication skills
Strong mathematical skills
Eye for detail
Goal-oriented & ability to work under pressure
Popular MBA Courses and Specialisations
Apart from the generic MBA course, there are many MBA specialisations available to candidates. It is recommended that every candidate must choose a branch or specialisation in their MBA programme since it equips them better with the requisite skills for specific domains such as finance, operations, human resources, marketing, to name a few.
Some of the most popular MBA specialisations are listed below:
Energy & Environment
Import & Export
IT & Systems
Healthcare & Hospital
Agriculture & Food Business
Oil & Gas
Transport & Logistics
Students pursuing MBA programme are exposed to a range of subjects. In a two year programme, students begin with core subjects such as Organisational Behaviour, Marketing, Principles of Management, to name a few. In the second year, they are exposed to subjects such as Entrepreneurship and Business Law, among others. Often MBA schools classify these subjects as core and electives and give a chance to students to choose between the elective subjects. Listed below are some of the subjects that most MBA courses offer:
- HR management
- Business planning
- Finance management
- Principles of management
- Business laws
- Communication skills
- Business Communication
- Computer Application
- Organizational behavior
- Retail management
- Project work
- Business environment
The regular MBA course is a two year programme divided into four-six terms/semesters. Listed below are the semster-wise MBA subjects for general course:
MBA Syllabus Semester I
Human Resource Management
Information Technology Management
MBA Syllabus Semester II
Organization Effectiveness and Change
Economic Environment of Business
Management of Information System
MBA Syllabus Semester III
Business Ethics & Corporate Social Responsibility
Legal Environment of Business
MBA Syllabus Semester IV
International Business Environment
Top MBA Colleges in India
There are about 5000 MBA colleges in India. One can choose an MBA college of their choice basis their interest in a particular MBA specialisation, location, fees, infrastructure, placements and marks scored in an entrance exam. Most of the top ranked and Tier 1 MBA colleges are tough to get into, as their selection criteria are very stringent. They choose the best from the best, so on needs to really work hard in clearing CAT or GMAT with good scores.On the other hand, getting into a Tier-2 or Tier-3 MBA college is easier. Their admission cut offs are not as high as that of the creme colleges such as the IIMs, XLRI, MDI, SPJIMR, FMS, IMT, etc. In the below section, check out top MBA colleges by location and entrance exam.