Dear Aspirant,

MBA is a masters degree in management pursued after the graduation. It is Masters in Business Administration course aimed at teaching students the science of business and management. Currently MBA courses are offered by IIMs, IITs, and many other private universities, however the most sought after colleges are IIMs, Indian Institute of Management.

The average package after the MBA from a good institute like IIM range from 12 to 20lpa and can go as high as 40-50lpa domestic and around 80lpa for abroad.

The admission in these institutes is through exams like CAT, MAT, XAT, IIFT, etc. The most important exam is CAT through which you can take admission in more than 50% of the colleges including IIMs.

There are various career profiles in which an MBA graduate works like operations, consulting, investment banking, finance, etc.

Hope this helps. Thank you.