MBA Details

    What is MBA?

The MBA course is an academic programme oriented towards management and marketing. It includes subjects such as Organisational Behaviour, Marketing, Principles of Management, Supply Chain Management, Operations Management, etc. Top recruiters for MBA are Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, Accenture, etc. The roles on offer for MBA graduates are generally of middle management levels such as Finance Manager, Product Manger, Strategy Manager, HR Manager, etc. On completing the MBA degree, students can get jobs with salary ranging between INR 8 lakh to INR 30 lakh per annum.

MBA is one of the most well known post-graduate courses in India and abroad. Master of Business Administration is the full name of the MBA. A bachelor's degree in business administration (MBA) is required for most managerial positions in all domains and industries. As a result, many BTech, BBA, BCom, BA, BSc, and BCA graduates choose to pursue an MBA after graduation.

A personality assessment test round (Group Discussion or GD, Written Ability Test or WAT, and Personal Interview or PI) follows the MBA entrance exams for admission. In most cases, in order to enroll in an MBA program, a student must have earned more than 50% of their undergraduate degree from any stream. The CAT, GMAT, and XA.T. are among the most frequently taken MBA entrance exams. These exams, which are followed by individual GD-PI rounds, are taken by some of the best MBA colleges in India, including IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, FMS Delhi, XLRI, and ISB. The MBA expense by and large ranges between INR 10-25 lakh relying upon school to school, but there are sure exceptionally famous top universities where the course charge is a lot of lower than INR 10 lakh like FMS Delhi, JBIMS Mumbai among others

MBA Course: Key Highlights

• MBA is a popular course because students from any background - Science, Commerce and Humanities - can pursue it.

  A regular MBA is 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 or Post-Graduation Diploma in Management (PGDM), 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 the recognition.

Also Read: What is the difference between MBA and PGDM?

• The full-time MBA is the most popular among all the education modes. Full-time MBA includes theory classes, practical projects, student exchange 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 5 plus 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.

Why Do MBA?

The simplest answer to this question is – to fast track your career. Given the fact that we are inhabiting a world where there is a cut-throat competition in business world and job market, one needs to be equipped with managerial skills and leadership qualities to be able to contribute to the organisation in more than one way. If you are an expert in a field, knowing how to manage a business will be an added advantage. MBA degree is the key assistant in setting up own business or in switching career. Listed below are a few advantages of MBA degree:

• Better Career Opportunities
• Higher Salary
• Developing Industry Network
• Develop Management Skills
• Develop Leadership Qualities
• Global Exposure of Business and Economy
• Entrepreneurial Skill Development

What kinds of MBA programs are available?

The MBA course can be taken in a variety of ways and formats. Management aspirants have traditionally chosen the Full-Time MBA, which lasts two years, but due to their flexibility, Executive MBA and Online MBA have gained immense popularity in recent years. The following are some important aspects of each type of MBA:

MBA full-time: The traditional two-year MBA program is Full-Time. Physical classes, live projects, semester-by-semester assessments, a summer internship, and final placements are all part of this residential program. There are around 5000 Full Time MBA universities in India. The average tuition cost is between INR 2 lakh and INR 25 lakh.

MBA Part-Time: The Part-Time MBA program is best suited to working professionals who want to learn important managerial skills and is not a residential program. There are no internship or campus placement opportunities in Part-Time MBA programs. Part-time MBA programs are offered by government and private universities alike. India has about 300 colleges that offer part-time MBA programs. The cost of the course ranges from INR 1 lakh to 10 lakh. Learn Everything You Need to Know About a Distance MBA: The Distance MBA candidate completes the program through correspondence and remote communication. Due to its low cost and adaptability, the course is intended for individuals with limited time and resources. The course can be completed in two to five years with flexibility. In India, there are over 490 distance MBA schools. IGNOU is the most popular. Learn Everything You Need to Know About Online MBA Due to its convenience and adaptability, this MBA program is currently the most popular option. Video conferencing is used to teach lectures in the Online MBA, and a Learning Management System (LMS) is used to share notes, tests, and assessments. Because there are no in-person classes in the Online MBA, students can enroll in the program even if they live in different cities. Because the lectures are recorded and saved in the LMS, there is also no requirement to attend classes. In India, there are approximately 170 online MBA colleges, the majority of which are private. Learn Everything You Need to Know About Executive MBA Online: Only professionals who have worked for more than five years are eligible to participate in this program. The curriculum is similar to that of the Full-Time MBA, but it takes 15 to 19 months to complete. Executive MBA programs are expensive, and some businesses provide candidates with sponsorship opportunities. In India, there are approximately 440 Executive MBA schools. Read all about the five-year integrated executive MBA: This is a dual degree program with a UG and PG degree that lasts for five years. After 12th grade, an integrated MBA degree can be earned. As a result, candidates who initially choose management as a career path can choose the Integrated MBA, which is a BBA+MBA or BTech+MBA program. The Coordinated MBA program is presented by top foundations like IIM Rohtak, IIM Indore, IIM Ranchi, IIM Jammu, IIM Bodhgaya, NMIMS, Xavier College and Nirma College among others. Learn everything you need to know about the integrated MBA.

MBA Abroad

To pursue MBA abroad, candidates have to take a slightly different route from the traditional one. They have to appear for Graduate Management Aptitude Test (GMAT) and language proficiency tests Test of English as a Foreign Language (TOEFL) and International English Language Testing System (IELTS) for MBA abroad admission. Academic qualification for MBA abroad is same as that of domestic programmes, i.e. 50 per cent aggregate in graduation or equivalent from a recognised university. Work experience of three to five years is required for most of the MBA courses abroad.

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 is 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

• Professionals with CA/CS/ICWAI and other degrees can also pursue MBA