MBA - Full Form, Courses, Top Colleges, Syllabus, Admission, Fees, Exams, Jobs
Master of Business Administration (MBA) is a professional postgraduate degree in business administration and in business management. Master of Business Administration courses are designed to develop students' business acumen and leadership skills. As one of the most popular degrees globally, MBA is offered by many top management colleges in India alongside IIMs. In this article, we will discuss the details of MBA courses, MBA full form, MBA subjects, MBA salary and MBA fees.
After completing an Master of Business Administration in India, graduates can find a variety of Master of Business Administration jobs in diverse sectors such as banking, consulting, finance, human resources, marketing, and operations. Not only management aspirants but also many B.Tech, B.Com, BBA, BA, BSc, and BCA graduates choose to pursue an MBA as it is one of the most important degrees for the majority of managerial-level jobs across all the industries and sectors. If you are wondering, can arts student do MBA, then the answer will be yes, students from any stream, such as Science, Humanities and Commerce can study Master of Business Administration (MBA).
Despite being the popular one, there is a certain section of students who do not have proper knowledge about the Master of Business Administration in India. They should know what an MBA degree is, how long it takes to complete, what subjects it covers, and many other things. Therefore, in order to assist these students and clarify what an MBA is, we have covered everything related to the MBA, from MBA eligibility to MBA course duration, MBA specialisations, MBA admissions and more in this article.
What is an MBA?
If you want to know, the detail about the MBA degree programme, then read this article. Master of Business Administration is a two-year full-time master-level course that can be pursued by students who have completed their graduation in any discipline. Students can enrol in various types of MBA courses such as Online MBA, Part-time MBA, Distance MBA, Integrated MBA, and Executive MBA. MBA course list of these MBA programmes may cover various topics like organisational behaviour, supply chain management, finance, sales and marketing, management principles, and operations management, among others.
Students can pursue many Master of Business Administration (MBA) specialisations in areas like Human Resource Management, Sales and Marketing, Business Analytics, and Information Technology. A few of the areas studied in the MBA courses include accounting management, finance, marketing, human resource management, operations management, accounts for managers, international business, and international finance, among others.
There are several MBA colleges in India and abroad that provide an MBA in a wide range of MBA specialisations. Candidates who meet the requirements may apply to the MBA programme in Marketing, Finance, Human Resource Management, Information Technology, and International Business areas. In this article, we will be discussing the details of MBA degree meaning, MBA full form, MBA courses list in India, MBA courses for arts students. In this article, we will discuss all the details about Master of Business Administration, such as MBA courses, MBA full form, MBA subjects, MBA salary, MBA fees.
Also Read: IIM Admission Criteria: Top Colleges, Selection Process, Schedule
MBA courses require applicants to pass entrance exams such as the Common Admission Test (CAT), Xavier Aptitude Test (XAT), Management Aptitude Test (MAT), Graduate Management Admission Test (GMAT), and NMAT in order to get admission to top MBA Colleges in India. Several assessments, like MBA entrance exams, are exclusively designed for MBA admissions. MBA requirements are mainly the eligibility criteria which the students need to follow befor taking admission.
In addition to these admission examinations, aspirants may appear for other exams at the national, state, and institutional levels to be eligible for Master of Business Administration in India. Additionally, they must have completed their undergraduate degree programme or be in their last year of graduation. Candidates for admission to the best MBA online programs in the world must have a minimum of three to five years of professional experience. Senior management positions can be acquired through MBA courses. MBA admission in India is based on a student's academic and professional profile in addition to MBA entrance exams and GD-PI rounds.
What is MBA full form?
MBA full form is Master of Business Administration, it is a two-year postgraduate degree programme in business administration. There are several MBA specialization options, such as accounting, financial management, cost and management accounting, human resource management, marketing, and strategic management. In this article, we will discuss MBA courses, MBA full form, MBA subjects, MBA salary, MBA fees.
MBA Full Form in Hindi:
MBA full form in Hindi is मास्टर ऑफ बिजनेस एडमिनिस्ट्रेशन । हिंदी में इसका मीनिंग व्यवसाय प्रबंधन में स्नातकोत्तर भी होता है।
Highlights- MBA (Master of Business Administration)
Name of the Course
|MBA Full Form||Master of Business Administration|
MBA Course Duration
MBA Eligibility Criteria
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 is 60 per cent).
Admission and Entrance Examinations
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 MBA fees||Government MBA colleges: Rs 50,000 to Rs 4 lakh|
Private MBA colleges: Rs 20 lakh to Rs. 25 lakh
|Careers||Manager, Sales Manager, Marketing Manager, HR Manager|
|Average MBA Salary||Rs. 15,00,000 LPA|
|Top Recruiters||Google, Deloitte, NTPC, Citibank, ITC, Vodafone, Larsen & Toubro, Nestle Flipkart, Microsoft Amazon, Wipro, PwC|
See Also: Top 1-Year Online MBA Programs in India
MBA Eligibility Criteria
Depending on the type of MBA (Master of Business Administration) course you select, different criteria are required to apply for it. The following are the typical MBA eligibility criteria:
- Applicants must have finished or be in the last year of a bachelor's degree in any stream with a minimum three-year duration.
- B.Tech, B.Sc, BA, BBA, B.Com. are some of the most common bachelor's degree programmes.
- Candidates should have a score of at least 50 per cent throughout their bachelor's degree. (In the case of IIMs, it is 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.
Resource Links for Online MBA
MBA Admission Process
According to how well students perform on the MBA entrance exams, candidates are accepted for MBA courses in India's top management colleges. MBA admissions process is based on the merit list of these MBA colleges in India, although some colleges decide to conduct their own entrance tests.
MBA Admission on the basis of merit
Admission to MBA (Master of Business Administration) courses in top private MBA colleges in India as well as government MBA colleges in India is based on the level of examination held by the relevant state or national organisations. MBA admission process is carried out entirely on the basis of MBA entrance exams.
Also Read: General Management Certification Courses
MBA Admission on the basis of the entrance examination
All qualified students must be able to pass the MBA entrance exams for the specific management college of their choice if they want to enroll in a Master of Business Administration programme in India. Additionally, they must successfully pass an entrance examination and interview procedures before being chosen.
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.
Common Admission Test (CAT): Common Admissions Test (CAT) is one of the largest management entrance examinations conducted in India by one of the IIMs for MBA admission. The top MBA colleges in India require students to appear in the CAT examination in order to take admission to their institutions. Best MBA colleges in India generally require CAT score the MBA admission. Candidates can find relevant CAT details mentioned in the table below:
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 MBA 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:
- MBA Colleges in India Accepting 70-80 Percentile in CAT Exam
- MBA Colleges Accepting 80-90 Percentile in CAT
- MBA Colleges accepting 90-100 percentile in CAT
NMAT (Narsee Monjee Admission Test): GMAC conducts the NMAT test, a university level management entrance exam, on behalf of the Narsee Monjee Institute of Management Studies. Candidates who pass the NMAT exam are given MBA admission to NMIMS after a group discussion and personal interview. The table below contains the necessary NMAT information:
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 MBA colleges 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:
Also read: Online MBA vs Distance MBA: Which is Right for You?
State-level MBA Admission
In addition to national-level MBA entrance examinations, various states also conduct their own MBA entrance test for admission. Qualifying candidates can take admission to any of the participating MBA colleges across the state. Some of the top State-level exams include MAH MBA CET, OJEE MBA, TANCET, APICET, KMAT.
Regular MBA courses duration is basically of two-year which is divided into four semesters that include an internship as well. MBA subjects are discussed in the below table, where it is divided in to four semester in two years. In the table below, we have mentioned MBA courses list and MBA subjects that is divided in four semester.
Human Resource Management
Computer Applications & Management Information System
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
Also read: 7 Best Online MBA Specializations with Eligibility, Fees, and Admission Process
MBA Fees structure
The MBA fees structure varies depending on the MBA colleges. The MBA fees may vary based on the resources that students can access through their MBA colleges in India. Students may also use the amenities provided by the university. In addition to all of these services, the MBA fees also cover the tuition fee. However, the average MBA fee structure for top MBA colleges in India such as IIMs, SPJIMR, and MDI Gurgaon is around Rs. 20 lakhs to Rs. 25 lakhs for the entire MBA course. Additionally, other government MBA colleges in India charge minimal average MBA fees of around Rs. 50,000 to Rs. four lakhs per annum.
The MBA cutoffs for each MBA college in India are made available to the public when the admissions process is over. The details of the MBA cut-offs are also mentioned in the batch profile and the category and specialisation-wise rankings. The average age of the class, the academic background of the students, and other details are all included in the batch profile of MBA degree programmes. The top MBA schools in India are listed below with their MBA cutoffs.
Name of Institute
Cutoff (CAT, XAT)
Top MBA Colleges with Popular MBA Exams
The MBA entrance exams for students are conducted by several MBA colleges in India. As per the MBA eligibility standards and entrance requirements, the top management colleges in India accept a number of entrance exams.
Indian Institute of Foreign Trade
Woxsen School of Business
Read more: Which One to Choose: Regular MBA vs Online MBA?
Why choose MBA?
Many colleges offer the MBA course programme, which is a popular master's degree programme in business, management, and commerce. Establishing strong social and professional networks while attending MBA colleges and developing MBA skills which may lead to more MBA employment opportunities. The best MBA programmes provide thorough, organised instruction that is centred on business goals.
Master of Business Administration in India offers a variety of customisable specialisations that can be pursued by both undergraduates and working professionals. Graduates of tier-one business schools in the world, such as IIM Ahmedabad, IIM Bangalore, MDI Gurgaon, and FMS Delhi, earn roughly Rs. 20 lakhs per year on average. Master of Business Administration jobs are in high demand in corporate and business organisations. In India, earning an MBA online degree or on campus 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
- Top Business Schools for Online MBA Programs in India
- 10 Most Affordable Online MBA Programs for Students in India
- Top 1-Year Online MBA Programs in India
Skills Required for MBA
A candidate with an MBA is anticipated to work in management in a business after graduation. To succeed, the person must possess the requisite leadership abilities and traits. The following are a few skills that MBA students 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 courses 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 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: An MBA 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
The difference between Master of Business Administration in India and a PGDM may be a little confusing to the layman. Despite the fact that both can initially seem to have the same curriculum and value proposition, there are key distinctions between the two. An MBA is a degree, but a PGDM is a diploma programme, and that is the fundamental distinction between the two. Secondly, a PGDM programme is offered by stand-alone institutions or autonomous bodies, whereas MBA is offered by universities or MBA colleges affiliated with top management universities.
If we discuss the duration, an MBA degree 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.
Also read: How to Choose the Best Online MBA Course in India?
What is an Online MBA Degree?
MBA online courses are the most relevant online degree program in a time of pandemic where we can easily get the degree and guidance from faculties all over the world. For MBA online courses, you can enrol in your selected management college from anywhere in the world, and you can even attend lectures from your home. MBA online programs are boon for working professionals since an MBA online degree programme allows them to attend sessions on a regular basis without having to worry about missing critical deadlines for their important assignments at work.
Also read: Online MBA vs Executive MBA: Choose the Better
Browse Best MBA Colleges Accepting CAT Score: Location-Wise
The table below depicts the top MBA Colleges in India Accepting CAT scores. The list is prepared based on the top locations in India.
You may also read: Is Online MBA Recognized by UGC?
Browse Top MBA Colleges By Location
There are various best MBA colleges in India which offer quality management education and top specialisations according to the candidate’s interest. Some of these MBA colleges in India are popular owing to their prime location and close proximity to industrial and business corporations. You may browse these MBA colleges in India by location as mentioned below:
Top MBA Specialisations
The goal of an MBA course programme is to provide students with exposure in a variety of industries. Usually, it is broken down into two parts, the first of which focuses on specialisation and the second of which focuses on general management or business administration. In their first and second years of an MBA programme, students frequently have the choice of basic or elective courses.
MBA in Agriculture & Food Business
MBA in Computer Application
MBA in Disaster Management
Also read: 10 Most Affordable Online MBA Programs for Students in India
What after MBA?
After earning an Master of Business Administration (MBA) in India, students can either start working as full-time professionals or pursue their own startup or higher studies. There are various companies that offer MBA jobs to graduates 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 lakhs 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 degree, 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.
Also Read: How Can an Online MBA Degree Benefit Your Career?
Top MBA Recruiters
Many recruiters hire MBA freshers for various job openings in different sectors once they complete an MBA programme. The top recruiters in a wide range of industries who offer MBA jobs are listed below.
|Larsen & Toubro||Nestle|
Also Read: Top Free Online MBA Courses with Certificates in India
Salary after MBA
The MBA salary depends on the MBA specialisation chosen by the students. After MBA in India, the average MBA salary is around Rs 4,00,000 to Rs. 32,00,000 per annum. The types of MBA jobs you can eventually end up will depend on the MBA specialisation you choose. Having the right one can help boost your resume and improve your chances of landing an MBA job.
Most of the time, management students are selected from the marketing specialisation. MBA specialisation chosen by the students, experience, industry, institute or college from which a student has graduated, and designation are some of the important variables determining the salary.
Read more: Advantages and Disadvantages of Online MBA Course
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
Read more: 7 Reasons to Pursue an Online MBA Degree
Top Private MBA Colleges in India
There are various private MBA colleges in India offering MBA programs. Some of these top private MBA colleges in India are mentioned in the table below:
Read more: Top Business Schools for Online MBA Programs in India
Also Read: Is an Online MBA Valid in India?
Top Government MBA Colleges in India
There are many government MBA colleges in India which are the most sought-after by students and are regarded as the most effective in terms of ROI and placements. Candidates can find a list of the top government MBA colleges in India in the table below:
LN Mishra Institute of Economic Development and Social Change, Patna
Frequently Asked Question (FAQs) - MBA - Full Form, Courses, Top Colleges, Syllabus, Admission, Fees, Exams, Jobs
Question: What is the MBA full form?
MBA full form is Master of Business Administration, it is a two year postgraduate degree programme in business administration.
Question: What are the MBA subjects?
Some of the MBA subjects are Business Communication, Marketing Management, Organisational Behaviour, Human Resource Management, Computer Applications & Management Information System, Quantitative Methods, Financial Accounting, Managerial Economics.
Question: Can a BSc student do MBA?
Yes, a BSc student can pursue an MBA after completing their graduation. The main criteria for admission in MBA programmes are a bachelor's degree with minimum 50 per cent marks from recognised universities and also need to qualify CAT or MAT entrance examination. Pursuing an MBA degree after earning a B.Sc. enables you to explore highly paid jobs across various industries.
Question: What is the average salary for an MBA graduate?
An MBA graduate with a tier-one school and appropriate skills can easily earn between Rs. 10 lakh to Rs. 15 lakh per annum.
Question: Which job roles are most common for MBA candidates?
Sales manager, executive manager, operations manager, human resource manager, and supply chain manager are a few of the most sought-after professions for MBA candidates.
Question: Is MBA a good career?
An MBA is a wise choice if you want to boost your professional career. A Master of Business Administration (MBA) degree is more in demand than ever, because of the skills that students can learn. A degree in MBA opens up a wide range of employment opportunities at higher job positions for students from all backgrounds.
Question: How much does a programme leading to an MBA cost?
The average fee of an MBA degree programme ranges from Rs. 4 lakh to Rs. 25 lakh for the complete programme.
Question: What are some of the top MBA entrance examinations?
Some of the top MBA entrance examinations are CAT, XAT, SNAP, CMAT, IIFT.
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 the MBA requirements?
MBA requirement is a bachelor's degree in any stream is eligible to participate in an MBA postgraduate programme.
Question: What is the duration of an MBA?
The total duration of a full time MBA degree programme is two years equally segregated into four semesters.
Question: What is an MBA course?
An MBA is a postgraduate-level degree that offers both practical and theoretical knowledge in business, finance and investment management. Master of Business Administration is a professional degree programme of two years. MBA degrees can be offered in various modes, such as online MBA, part-time MBA, Distance MBA, Integrated MBA, and Executive MBA.
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