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

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  • 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 

    CAT

    XAT

    CMAT

    MAT

    SNAP

    NMAT 

    IIFT 

    ATMA


    MBA Admissions

    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

      MBA Skillset

      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

      Business acumen

      Good communication skills

      Problem-solving Skills

      Management skills

      Strong mathematical skills

      Research oriented

      Analytical thinking

      Leadership qualities

      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:

      MBA/PGDM specialisations

      Finance

      Infrastructure

      Marketing

      International Business

      Sales

      Disaster Management

      Human Resources

      Energy & Environment

      Operations

      Import & Export

      Product

      IT & Systems

      Business Analytics

      Healthcare & Hospital

      Digital Marketing

      Business Economics

      Entrepreneurship

      Agriculture & Food Business

      Advertising

      Materials Management

      NGO Management

      Oil & Gas

      Pharma

      Retail

      Project Management

      Rural Management

      Sports Management

      Supply Chain

      Telecom

      Textile Management

      Transport & Logistics

      Forestry

      Public Policy

      Hospitality

      MBA Subjects

      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: 

      • Marketing
      • HR management
      • Business planning
      • Finance management
      • Principles of management
      • Business laws
      • Communication skills
      • Entrepreneurship
      • Business Communication
      • Computer Application
      • Organizational behavior
      • Taxation
      • Retail management
      • Project work
      • Economics
      • 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

      Organizational Behaviour

      Marketing Management

      Quantitative Methods

      Human Resource Management

      Managerial Economics

      Business Communication

      Financial Accounting

      Information Technology Management

      MBA Syllabus Semester II

      Organization Effectiveness and Change

      Management Accounting

      Management Science

      Operation Management

      Economic Environment of Business

      Marketing Research

      Financial Management

      Management of Information System

      MBA Syllabus Semester III

      Business Ethics & Corporate Social Responsibility

      Strategic Analysis

      Legal Environment of Business

      Elective Course

      MBA Syllabus Semester IV

      Project Study

      International Business Environment

      Strategic Management

      Elective Course

      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.

       

     

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