mba

The MBA course is an academic programme oriented towards management and marketing. It includes subjects such as Organizational Behavior, 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 Manager, Strategy Manager, HR Manager, etc. On completing the MBA degree, students can get jobs with salary ranging between INR 8 lakh to NR 30 lakh per annum.

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 customized 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.
• 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 organization 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 are the Types of MBA Courses?

MBA course is available in various modes and formats. Traditionally, Full-Time MBA of two years duration has been the popular choice among management aspirants, however over the last few years, Executive MBA and Online MBA have gained immense popularity among aspirants owning to flexibility. Read below some key highlights of each type of MBA:

• Full Time MBA: Full Time is the regular MBA programme of two years duration. It is a residential programme which includes physical classes, live projects, semester wise assessment, summer internship and final placements. There are about 5000 Full Time MBA colleges in India. Tuition fee ranges between INR 2 lakh to INR 25 lakh on an average.
• Part Time MBA: Part Time MBA course is not a residential programme and best suited for working professionals who wish to learn key managerial skills. In part-time MBA programmes, there is no campus placement or internship opportunities. Both private colleges and government universities offer part Time MBA courses. There are about 300 Part-Time MBA colleges in India. Course fee ranges between INR 1 lakh to 10 lakhs.
• Distance MBA: In Distance MBA the candidate pursues the programme via remote communication and correspondence. The course is designed for people having limited time and resources as it is cheap and flexible. There is flexibility of completing the course in two to five years. There is over 490 Distance MBA colleges in India. The most popular being IGNOU.
• Online MBA: This is currently the most popular mode of MBA programme owing to convenience and flexibility. In Online MBA, lectures are imparted through video conferencing and the notes, tests, assessments are shared in Learning Management System (LMS). There are no physical classes in Online MBA, thus one can pursue a course in one city while living in another. There is also no boundation of attending classes, as the lectures are recorded and saved in the LMS. There are about 170 Online MBA colleges in India which are mostly private institutions.
• Executive MBA: This programme is exclusively designed for working professionals with more than five years of work experience. The curriculum is similar to Full-Time MBA but it is of a shorter duration (15 to 19 months). Executive MBA programmes are expensive and some company's sponsorship facility to candidates. There are about 440 Executive MBA Colleges in India.
• 5 year- Integrated MBA: This is a five-year dual degree course which includes UG and PG degree. Integrated MBA degree can be pursued after class 12. So, candidates who choose management as their choice of career early on can opt for Integrated MBA which is a BBA+MBA or BTech+MBA programme. The Integrated MBA programme is offered by top institutes.

MBA Abroad

To pursue MBA abroad, candidates must take a slightly different route from the traditional one. They must 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 recognized university. Work experience of three to five years is required for most of the MBA courses abroad. Pursuing MBA abroad is a costly. Total expense of the course can go up to INR 80 lakh to 1 crore. Most popular countries for MBA abroad are UK, USA, Canada, Australia, Germany, and New Zealand.

MBA Eligibility Criteria

Full-time MBA eligibility criteria are as follows: -

• The basic eligibility criteria for MBA (full-time) are graduation in any discipline or equivalent from a recognized 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

MBA Admissions

Admissions to all B-schools typically take place through an entrance test. The 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. E.g.: 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. E.g.: MAH-CET, OJEE, KMAT, TANCET or APICET
• Institute-Level Test conducted for admission to its own MBA programme. In some cases, these scores can be accepted as a qualifying criterion by other B-schools as well. E.g.: XAT, NMAT, SNAP, IBSAT
• Test conducted by a university for admission to MBA programmes being offered by colleges that are affiliated to it. E.g.: KIITEE, LUMET, HPU MAT

What is the MBA Syllabus?

Students pursuing MBA course are exposed to a range of subjects. In a two-year MBA programme, students begin with core syllabus such as Organizational Behavior, 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. MBA colleges 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 in MBA course: -

MBA Syllabus Semester-Wise

The regular MBA course is divided into four to six semesters across two years. Listed below are the semester-wise MBA subjects:

MBA Syllabus Semester I

MBA Syllabus Semester II

MBA Syllabus Semester III

MBA Syllabus Semester IV

What are the Top Specializations in MBA?

Apart from the regular MBA course, candidates can pursue MBA with specialization in a particular field. There are many MBA specializations available to candidates in India. It is recommended that every candidate must choose a branch or specialization in their MBA programme since it equips them better with the requisite skills for specific domains such as Finance, Operations, Human Resources Sales, and Marketing, to name a few. The list of most popular MBA specializations is listed below: -

List of MBA specialisations

MBA Career Scope: Jobs Roles and Salary

An MBA degree holder gets jobs which include team lead and managerial responsibility of the department. A manager’s job profile broadly includes planning, strategizing, execution, leading the team, liaison with clients, coordinating with other departments, delegation of work and responsibilities, reporting to higher authorities regarding projects undertaken. Given below are some of the popular job options after MBA and their corresponding salaries:

Scope of MBA: - Top Companies and Recruiters

The scope of MBA is huge in the current job market. MBA graduates are in high demand in every industry and in every domain. Most of the MBA institutes provide campus placement to their students on completion of the full-time MBA course for a smooth beginning of their career. All organizations, big or small, private or government, hire MBA degree holders in various capacities. Below is the list of some of the top companies that hire MBA graduates through campus placements: -

MBA Scope: Top Companies