MBA - Full Form, Courses, Top Colleges, Syllabus, Admission, Fees, Exams, Jobs
What is an MBA?
MBA is one of the most sought after courses among the students and working professionals. The Master of Business Administration (MBA) is a two-year full-time postgraduate degree that encompasses a broad range of general management and business strategies focusing on real-world problems. Pursuing an MBA program can uplift your career and gives you a lot of opportunities to increase your salary and job position. To name a few examinations which cater to MBA admission are MAT, XAT, CMAT, GMAT and NMAT. MBA acts as a gateway for senior management positions. MBA admission in India is based on a student's academic and professional profile in addition to MBA entrance exams and GD-PI rounds.
MBA degree offers plenty of job opportunities in various sectors, ranging from finance, and health to media. Because of the above reason, MBA is one of the popular courses among students and is also a commonly pursued degree after graduation. Many BTech, BBA, BCom, BA, BSc, and BCA graduates today choose to pursue an MBA after graduation as it is one of the most important degree for the majority of managerial level jobs across all industries and areas. Students can appear for several national, state and university level entrance examinations for admission to an MBA degree. Students who have completed or are in the final year of their bachelor's degree are qualified to apply for the MBA entrance examination in India. When applying for an MBA degree at a foreign university, however, you must have a minimum of three to five years of experience.
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What is the full form of an MBA?
MBA is the abbreviation of Master of Business Administration degree. Students can pursue various types of MBA courses, including Online MBA programs, part-time MBA, Distance MBA, Integrated MBA, and Executive MBA. The MBA programme is an academic course that emphasises management and marketing. It covers various topics like organisational behaviour, supply chain management, finance, marketing, management principles, and operations management. An MBA degree allows students to specialise in areas like Human Resource Management, Sales and Marketing, Business Analytics, and Information Technology Management.
See Also: Top 1-Year Online MBA Programs in India
MBA Full Form in Hindi:
The full form of MBA in Hindi is मास्टर ऑफ बिजनेस एडमिनिस्ट्रेशन । हिंदी में इसका मीनिंग व्यवसाय प्रबंधन में स्नातकोत्तर भी होता है।
Name of the Course
Candidates must pass a bachelor's degree in any specialization from a recognised university with a minimum aggregate of 50 per cent (In the case of IIMs, it's 60 per cent).
Admission and Entrance Examinations
MAT, XAT, CMAT, GMAT, NMAT
IIMs, MDI Gurgaon, FMS Delhi, SPJIMR Mumbai, XLRI
MBA in Finance, MBA in Sales, MBA in Human Resources, MBA in Marketing, MBA in Business Analytics, MBA in Digital Marketing
|Average Fees||Government Colleges: Rs 50,000 to Rs 4 lakh|
Private Colleges: Rs 20 lakh to Rs. 25 lakh
|Careers||Manager, Sales Manager, Marketing Manager, HR Manager|
|Average Salary||Rs. 15,00,000 LPA|
|Top Recruiters||Google, Deloitte, NTPC, Citibank, ITC, Vodafone, Larsen & Toubro, Nestle Flipkart, Microsoft Amazon, Wipro, PwC|
Fee Structure of MBA degree
MBA course fees differ per university. MBA course fees may differ depending on the resources that students have access to through their colleges. Students can live in hostels and use the university's various amenities. All of these features, as well as tuition fees, are included in the pricing structure. However, the average fee structure of an MBA degree for top MBA colleges such as IIMs, SPJIMR, and MDI Gurgaon is around Rs 20 lakh to Rs. 25 lakh for the entire course. Additionally, other government MBA colleges in India charge minimal average fees of around Rs 50,000 to Rs 4 lakh per annum.
Why choose MBA?
MBA programmes are popular master's degree programmes in business, management, and commerce. The MBA programme improves professional skills and helps students build strong professional and social contacts, which can lead to more career opportunities. Top MBA programmes provide well-structured and comprehensive coursework that is tailored to the company's objectives.
The MBA degree offers a variety of customizable specialisations that can be pursued by both undergraduates and working professionals. Graduates of tier-1 best business schools in the world, such as IIM Ahmedabad, IIM Bangalore, MDI Gurgaon, and FMS Delhi, earn roughly Rs 20 lakh per year on average. MBA positions are in high demand in corporate and business organisations. In India, earning an MBA opens the door to a myriad of job prospects. Below we have mentioned some of the major MBA advantages:
- High remuneration
- Job opportunities
- Exposure to industry
- Career Advancement
- Learning management skills
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Eligibility Criteria for MBA
MBA eligibility criteria differ by MBA college in India and are dependent on the type of MBA programme pursued. The following are some of the general eligibility criteria for all types of MBA programmes:
Applicants must have finished or be in the last year of a bachelor's degree in any stream with minimum three-year duration.
Candidates should have a score of at least 50 per cent throughout their bachelor's degree. (In the case of IIMs, it's 60 per cent).
Applicants must have received a minimum of 60 per cent in their class 12 final exams from an Indian recognised board.
Candidates must have passed the entrance exam and meet the MBA cutoff requirements set by the MBA colleges.
Skills required for MBA
An applicant with an MBA degree is expected to work as a manager for a company after graduation. To be successful, the candidate must possess the requisite leadership abilities and traits. The following are some of the important abilities that MBA candidates must possess:
Communication skills: In order to perform the tasks effectively, candidates must be able to communicate clearly and effectively. Students pursuing an MBA degree must be able to communicate well both verbally and in writing.
Managerial skills: A candidate who has completed MBA programs should be able to manage many assignments and responsibilities. Because a person in a leadership position is expected to perform multiple responsibilities, good managerial abilities are required.
Analytical Skills: An MBA programme includes analytical capabilities in addition to business knowledge. Candidates should have the essential data interpretation abilities in order to make sense of the massive amounts of data acquired by firms.
Learning Skills: MBA students must stay up with the newest business advancements as part of their studies. Students pursuing an MBA must maintain a high level of learning and keep up with current business trends.
Decision-making skills: AnMBA applicant should be capable of making decisions that are in the best interests of the company. An MBA candidate must be able to make judgments in the company's and shareholders' best interests.
Difference between MBA and PGDM
For a layman, the difference between MBA and PGDM can be a little difficult to understand. At first glance both might look the same as well in terms of curriculum and value addition, however, there are certain differences between the two. The primary distinction is that MBA is a degree and a PGDM is a Diploma course. Secondly, the PGDM programme is offered by stand-alone institutions or autonomous bodies, whereas MBA is offered by universities or colleges affiliated with universities. If we discuss the duration, an MBA programme is for two years divided into four semesters, whereas a PGDM programme can be anything between one year to two and a half years. These are the primary differences between MBA and PGDM. To know the differences in detail you can read Career360’s article on the difference between PGDM and MBA.
MBA Admission Process
Most of the time, admission to MBA is provided to business schools in India on the basis of entrance exams. However, some of these schools prefer to conduct their own entrance exams and offer admission on the basis of scores.
MBA Admission on the basis of merit
Admission to MBA programs in private and public universities is based on the level of examination held by the relevant state or national organizations. This MBA admission process is carried out entirely on the basis of entrance exams.
Also Read: General Management Certification Courses
MBA Admission on the basis of entrance examination
All qualified students interested in pursuing MBA courses and programmes in India must pass the admission tests that are specific to the institute to which they are applying. They must also go through a number of assessment and interview processes before being selected.
National Entrance Test: There are many entrance exams that are conducted at the National level for MBA admission. Some of the top national-level MBA entrance exams are CAT, MAT, XAT, ATMA, CMAT, and IIFT.
University Entrance Test: Some of the reputed MBA colleges conduct various tests at the university level for the admission of their students. Such University level tests are NMAT/NMIMS, CUSAT, SNAP, IPU CET, and more.
You may also read: MBA Entrance Exams
Common Admission Test (CAT):
The Common Admissions Test or CAT is one of the largest management entrance examinations conducted in India by one of the IIM(s) for MBA admission. The top MBA colleges in India require students to appear in the CAT examination in order to take admitted to their institutions. Best colleges for MBA generally ask for a CAT score at the time of admission. Candidates can find relevant CAT details mentioned in the table below:
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NMAT (Narsee Monjee Admission Test):
The NMAT examination is a university-level management entrance test conducted by GMAC on behalf of Narsee Monjee Institute of Management Studies. Candidates who clear the NMAT exam, followed by group discussion and personal interview are offered MBA admission to NMIMS. The relevant NMAT details are mentioned below in the table:
XAT (Xavier’s Aptitude Test)
XAT is one of the most popular MBA entrance examinations accepted by almost 170 institutions for MBA admission. Some of the best colleges in India accept XAT scores. The XAT exam is conducted by XLRI Jamshedpur in order to provide MBA admission to various types of MBA courses. The relevant XAT details are mentioned below in the table:
SNAP (Symbiosis National Aptitude Test)
SNAP or Symbiosis National Aptitude Online Test is a national-level online examination conducted by Symbiosis University. Candidates who qualify for the entrance examination along with group discussion and personal interviews are offered MBA admission to one of the 16 symbiosis colleges. The relevant SNAP details are mentioned below in the table:
IIFT (Indian Institute of Foreign Trade)
Indian Institute of Foreign Trade is considered one of the best colleges for MBA and conducts a national level yearly entrance examination for admission to three specializations offered by the institute. Candidates who qualify for the examination along with group discussion and personal interviews are offered admission to IIFT, New Delhi. The relevant IIFT details are mentioned below in the table:
The MBA cut-offs are released for every MBA college after the admission process is over. The details of the cut-offs are also mentioned in the batch profile and the category and specialisation-wise rankings. The batch profile of MBA degree programmes includes various factors such as students' academic background, average age, and more. Below is the list of top MBA colleges in India. You can also see their cut-off details.
State-level MBA Admission
In addition to national-level entrance examinations, various states also conduct their own management entrance test for MBA admission. Qualifying candidates can take admission to any of the participating colleges across the state. Some of the top State-level exams include MAH MBA CET, OJEE MBA, TANCET, APICET, KMAT, and more.
Top MBA colleges with Popular MBA Exams:
Various MBA colleges in India conduct multiple entrance examinations for their students. Several MBA colleges in India accept multiple entrance examinations depending on the eligibility criteria and entrance requirements.
Indian Institute of Foreign Trade
Woxsen School of Business
What is an Online MBA Degree?
The online MBA courses are the most relevant degree program in a time of pandemic where we can easily get the degree and guidance from faculties all over the world. You can take admission to your preferred management college from across the globe and also join the lectures from your home for online MBA courses. Online MBA programs are a blessing in disguise, as it is most helpful for working professionals, who can manage to attend the classes regularly without missing any important deadlines of their important projects in the office.
Browse Best MBA Colleges Accepting CAT Score: Location-Wise
You may also read: Is Online MBA Recognized by UGC?
Browse Top MBA Colleges By Location:
There are various best colleges for MBA in India which offer quality education and top specialisations according to the candidate’s interest. Some of these colleges are popular due to their prime location and close proximity to industrial and business corporations. You may browse these colleges by location as mentioned below:
The regular MBA course is basically of two-year duration which is divided into four semesters that include an internship as well. Listed below are semester-wise MBA subjects for a regular MBA programme:
Business Research Methods
Economic Environment of Business
Production Operations and SCM
Organization Effectiveness and Change
Legal Aspects of Business
Business Ethics & Corporate Social Responsibility
Elective Course II
Elective Course I
Legal Environment of Business
Elective Course III
Elective Course IV
Top MBA Specializations
The MBA programme is aimed to provide students with experience in a variety of fields. It's usually broken down into two categories, with the first focusing on specialty and the second on general management or business administration. In the first and second years, students typically have the choice of choosing core and elective studies.
MBA in Computer Application
MBA in Agriculture & Food Business
MBA in Disaster Management
What after MBA?
After securing an MBA degree, candidates can either start working as a full-time professional or pursue their own startup or higher studies. There are various companies that offer MBA jobs to candidates with appropriate skills and experience.
Option 1: After completing an MBA degree programme, candidates can start working as full-time employees in the corporate sector with an average salary of around Rs 12 lakh per annum.
Option 2: Candidates can also choose to pursue a PhD programme in management or a related field.
Read more: What is the Scope of an Online MBA?
Career Options after MBA
Many students take up MBA degrees in order to get a job after completing their studies. After getting an MBA, many of them find MBA job opportunities in various industries such as Human Resources, Finance, and Operations.
Manager: A manager is responsible for the management of a team, department, or organization. He or she works as a leader of a team and supervises the work of its members.
Sales Manager: A sales manager is responsible for the management of all the tasks involved in the sales process. This professional is also responsible for ensuring that the targets are met and that profits are maximized.
Marketing Manager: A marketing manager is responsible for various tasks and responsibilities related to marketing such as campaigns, sales tasks, client proposals and marketing of different products.
HR Manager: A human resource manager is responsible for the management of the human resources function of an organization. His or her responsibilities include the recruitment process, employee relations, and professional dispute resolution.
After graduating from an MBA programme, many recruiters hire MBA freshers to fill various job openings in various sectors. MBA freshers can find the best recruiters across various industries through various channels.
|Larsen & Toubro||Nestle|
Salary after MBA
MBA salary depends on the specialization chosen by the candidate. After MBA in India, the average salary for the highest-earning job candidates is around Rs 4,00,000 to Rs. 32,00,000 per annum. Your MBA specialization will determine the types of jobs that you will be able to secure in the future. Having the right one can help boost your resume and improve your chances of landing a job. Most of the time, the students are selected from the marketing specialization. Some of the crucial factors determining the salary are MBA specialization opted by the candidate, experience of the candidate, industry, institute/college from which a candidate has passed, and designation.
Average MBA Salary
MBA in Finance
Rs 2,00,000 to Rs 14,70,000
MBA in Information Technology
Rs 10,000 to Rs 6,00,000
MBA in Human Resource Management
Rs 4,50,000 to Rs 15,50,000
MBA in Marketing
Rs 14,25,000 to Rs 20,43,000
MBA in Logistics Management
Rs 6,25,000 to Rs 8,50,000
Before a candidate decides to take up an MBA, it is essential that they thoroughly understand the programme's scope and the various benefits that it has to offer. Several candidates from various domains are planning on taking up the MBA Programme to boost their career paths. This is because having an MBA degree is very important for a successful career. There are a plethora of MBA jobs available in the industry with handsome MBA salaries.
Read more: 7 Reasons to Pursue an Online MBA Degree
Top Private MBA Colleges in India
There are various private MBA colleges in India that offer MBA degree programmes. These MBA colleges are known for their quality and reputation. Candidates can check the top private MBA colleges in India mentioned in the table below:
Also Read: Is an Online MBA Valid in India?
Top Government MBA Colleges in India
The government MBA colleges in India are the most popular among students and are considered the best in terms of ROI and placements. Candidates can find the list of top government MBA colleges in India mentioned below in the table:
For more Government MBA colleges in India, please visit here.
Frequently Asked Question (FAQs) - MBA - Full Form, Courses, Top Colleges, Syllabus, Admission, Fees, Exams, Jobs
Question: What is an MBA?
MBA is a management related postgraduate degree programme that offers students a gateway to managerial roles in their career.
Question: What is the duration of an MBA?
The total duration of a full time MBA degree programme is two years equally segregated into 4 equal semesters.
Question: What is the eligibility criteria for an MBA?
Candidates with a Bachelor’s degree from any background be it commerce, science, arts, can choose for taking a postgraduate degree in MBA.
Question: What is the admission process for an MBA degree programme?
The admission to MBA degree programmes in private and government colleges is provided on the basis of national, state or university level entrance examination.
Question: What are some of the top MBA entrance examinations?
Question: What is the fee structure for an MBA degree programme?
The average fee structure for MBA degree programmes lies between Rs 4 lakh to Rs 25 lakh for the entire course duration.
Question: What is the scope of an MBA degree programme?
MBA is a degree programme that opens various employment opportunities at higher job positions for students from different backgrounds.
Question: What are some of the popular job profiles for MBA candidates?
Sales Manager, Executive Manager, Operations Manager, Human Resource Manager, Supply chain manager are some of the popular job profiles for MBA candidates.
Question: What is the average salary for an MBA graduate?
An MBA graduate with a tier-1 school and appropriate skills can easily earn between Rs. 10 lakh to Rs. 15 lakh per annum.
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