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MBA: Full Form, Course, Admission, Exams, Colleges, Syllabus, Salary

MBA Course Details

MBA is a 2-year professional degree that can be done after graduation. MBA is a popular postgraduate degree because students from any stream (Engineering, Medical, Arts, Humanities, Commerce) are eligible to do MBA after graduation. Since an MBA is a professional degree, MBA Syllabus includes topics that prepare candidates for senior leadership roles in any organization. The table below mentions the important MBA course details:

Particulars Details
MBA full form Master of Business Administration
Course-level Post Graduation
MBA Course Duration Full-time MBA: 2 years
Online/Distance MBA: 1 - 4 years
Integrated MBA: 5 years
MBA Eligibility Criteria 50% in graduation in any discipline
MBA Admission Process Entrance exam followed by group discussion and personal interview
MBA Entrance Exams CAT, MAT, XAT, CMAT, NMAT, ATMA, IIFT, IBSAT
Top 5 MBA Colleges IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IIT Delhi
Average MBA Course Fees (INR) 10,00,000 – 18,00,000
Top Recruiters After MBA Amazon, Boston Consulting Group, JP Morgan, McKinsey, Morgan Stanley, Apple, Deloitte, Facebook, ICICI Bank
Average Salary After MBA (INR) 14 LPA – 20 LPA

Why Study MBA?

MBA degree focuses on soft skill enhancement and provides holistic knowledge of business and management sectors.

  • MBA degree teaches candidates to become better professionals. It teaches how to deal in a professional environment, especially focusing on communication, leadership, and negotiation skills.
  • No matter what MBA specialization they choose, even a general MBA is essential for soft-skill developmentTop Recruiters for MBA Graduates look for candidates who have leadership and problem-solving skills.
  • Taking an MBA degree will help students understand all the types of leadership opportunities available in the industry. It helps students to choose the right career path based on their area of expertise.
  • MBA not only enhances industry-specific knowledge through the curriculum but also allows candidates to enhance their understanding of different industries, because of the diverse backgrounds of their classmates, each with a minimum of 2-3 years of work experience, fostering insightful peer learning, Read How Work Experience Affects MBA Admissions.
  • MBA is a good choice for engineering students. MBA After BTech is ideal as it offers better compensation and is ideal for those who want to shift into development or project management roles.
  • MBA colleges are known for their placement opportunities. Although the salary after an MBA degree depends on the college and type of MBA, the average MBA Placements in IIMs range between INR 25 – 30 LPA.

MBA Admission 2024

Admission to MBA courses is based on the cut off score secured in MBA Entrance Exams. The final admission is based on the candidate’s percentile in the MBA entrance exam, performance in MBA GD-PI Rounds and overall academics. CAT is the most popular national-level MBA entrance exam. CAT score is accepted by almost every top MBA college. There are other national-level, state-level and institute-level MBA entrance exams that students can appear for to get admission.

What is the General MBA Admission Process?

  • Students aspiring to pursue an MBA first can shortlist MBA programs in India based on NIRF MBA Rankings, specializations and admission criteria.
  • Depending on the college’s criteria, they then can prepare for MBA entrance exams like CAT, XAT, MAT, GMAT or others.
  • Many MBA colleges prefer candidates with work experience, especially for executive or part-time MBA programs. Generally, MBA Admission in Tier-2 and Tier-3 Colleges is open for graduates without any work experience, particularly for full-time MBA courses.
  • During the interviews and MBA GD-PI rounds, candidates must highlight participation in extracurricular activities, and leadership roles, as Extracurricular Activities Affect MBA Admission significantly.
  • For MBA GD-PI Preparation, students should cover the Latest MBA GD Topics covering issues relevant to the business environment, economic policies, or ethical challenges.

MBA Eligibility

MBA eligibility depends on the type of MBA and the college. The basic MBA Eligibility criteria is mentioned below:

  • Students must complete their graduation and secure at least 50% in any stream from a recognized university.
  • Top institutes like IIMs and IITs ask for 60% in graduation.
  • Students belonging to reserved categories like OBC, SC and ST get 5% relaxation in the percentage asked in some colleges.
  • Students in the final year of their graduation are eligible to apply. They must provide proof of their completion of graduation within the date specified by the college.
  • MBA can be pursued by professionals having CA/CS/ICWAI certification.

MBA Admission Without Entrance Exam

  • MBA colleges in Maharashtra, Karnataka, and Tamil Nadu offer Direct MBA Admissions through the management quota.
  • The Directorate of Technical Education (DTE) in Maharashtra has specified that 20% of the seats are reserved for management quota admissions.
  • Direct admission for NRI candidates is also available in certain MBA colleges in India.
  • AICTE-approved PGDM colleges reserve seats for direct MBA admissions for foreign nationals, NRI candidates, and PIO candidates.

What are the Core MBA Subjects?

The core MBA subjects are covered within the first year. The second year consists mainly of some specialization subjects and elective subjects. The semester-wise MBA Syllabus is mentioned below:

Semester 1 Semester 2
Corporate Social Responsibility Macroeconomics
Microeconomics Business Law
Principles of Marketing Management Operations Management
Principles of Accounting Optimization and Project Research
Tools and Framework of Decision-Making Corporate Finance
Quantitative Methods and Statistics Project Management
Business Communication and Soft Skills Marketing Management
Organisational Behaviour 1 Organisational Behaviour 2
Semester 3 Semester 4
Supply Chain Management Project Study
Financial Modelling International Business Environment
Strategic Management Strategic Management
Business Intelligence Elective Course
Marketing Research -
Managerial Economics -
Corporate Governance and Business Ethics -
Corporate Finance 2 -

 

What are the top MBA Specializations?

The Top MBA Specializations are MBA Finance, MBA Human Resource Management, MBA Information Technology and MBA Marketing. In recent times, MBA specializations like MBA Business Analytics, MBA Healthcare Management, and MBA Supply Chain Management are becoming a popular choice among aspirants seeking to enhance their expertise with the evolving demands of the business landscape.

MBA Finance

  • MBA Finance specialization focuses on the management of finances, investment analysis, and risk assessment. It prepares professionals for careers in the sectors of finance and investment.
  • The MBA Finance Syllabus is designed to cover subjects like Financial Management and Planning, Pricing Policies, Asset Management, and Capital Cost.
  • The popular Career Options After MBA in Finance include roles like Financial Analyst, Chief Financial Officer, Certified Public Accountant, Investment Banking Associate, and Business Analyst. The average salary for these roles ranges from INR 4.5 - 35 LPA

MBA Human Resource Management

  • MBA Human Resource Management specialization focuses on strategies like talent acquisition, employee development, and organizational culture to enhance business quality.
  • The MBA HR Management Syllabus is designed to cover subjects like Human Resource Management, Reward Management, Performance Management, Industrial Relations Management, and Business Ethics.
  • The popular Career Options After MBA in HR Management include roles like Human Resources Consultant, Employee Relations Manager, Staffing Manager, HR Training Director, and Human Resource Executive. The average salary for these roles ranges from INR 3 - 27 LPA.

MBA Information Technology

  • MBA Information Technology focuses on software engineering, computer applications, IT project management, and database management systems. It is considered one of the top MBA specializations for the future.
  • The MBA IT Syllabus is designed to cover subjects like Software Engineering, Computer Applications, Data Mining, Database Management Systems, Web Design, SCIS
  • The popular career options after an MBA in IT include roles like IT Director, Chief Technology Officer, IT Project Manager, System Manager, and Analytics Manager. The average salary for these roles ranges from INR 9.5 - 37 LPA.

MBA Marketing

  • MBA Marketing specialization emphasizes consumer behaviour, brand management, and marketing strategy to train professionals in creating and promoting products and services effectively.
  • The MBA Marketing Syllabus is designed to cover subjects like Marketing Strategies, Organizational Strategies, Customer Behavior, Analysis of Data-Driven Insights
  • The popular Career Options After MBA in Marketing include roles like Brand Manager, Media Planner, Marketing Manager, Digital Marketing Manager, and Corporate Sales Manager. The average salary for these roles ranges from INR 4 - 25 LPA.

MBA Business Management 

  • MBA Business Management specialization offers a broad understanding of business operations, leadership, and strategy, preparing students for various management roles across industries.
  • The MBA Business Management Syllabus is designed to cover subjects like Financial Management Accounting, Talent Management, and Negotiations in Business.
  • The popular career options after MBA in Business Management include roles like Product Manager, Project Manager, Logistics Manager, Compliance Officer, and Management Consultant. The average salary for these roles ranges from INR 5 - 13 LPA.

MBA Logistics Management

  • MBA Logistics Management specialization focuses on supply chain optimization, transportation, and inventory management, enabling professionals to oversee efficient product flow.
  • The MBA Logistic Management Syllabus is designed to cover subjects like Logistic Management, Operations Management, Information Systems, Strategic Operations Management, Export Trade, Quality Assurance and Management, and International Shipping.
  • The popular career options after MBA in Logistics Management include roles like Global Logistics Manager, Logistics Coordinator, Operations Manager, Procurement Manager, and Warehouse Manager. The average salary for these roles ranges from INR 3.5 - 20 LPA.

MBA Healthcare Management 

  • MBA Healthcare Management specialization focuses on healthcare administration, healthcare policy, and management to prepare for leadership roles in the healthcare industry.
  • The MBA Healthcare Management Syllabus is designed to cover subjects like Organisational Behaviour, Quantitative Methods in Healthcare, Health Economics, Marketing Management, HR Management, Operations and Project Management in Healthcare, and Health Research Systems.
  • The popular Career Options After MBA in Healthcare Management include roles like Health Administrator, Clinical Research Manager, Hospital Chief Financial Officer, Pharmaceutical Product Manager, and Hospital Administrator. The average salary for these roles ranges from INR 4.8 - 39 LPA.

MBA Operations Management

  • MBA Operations Management specialization focuses on the overall production processes, and quality control to train professionals in enhancing operational efficiency.
  • The MBA Operations Management Syllabus is designed to cover subjects like Design Process Flows, Supply Chain and Logistics, Production, Planning, Quality Control, and Managing Vendors.
  • The popular Career Options After MBA in Operations Management include roles like Operations Manager, Industrial Engineer, Quality Analyst, Supply Chain Management, and Production Analyst. The average salary for these roles ranges from INR 3 - 8 LPA.

MBA Business Analytics

  • MBA Business Analytics specialization aims to enhance data analysis skills, data-driven decision-making, and predictive modelling to meet the growing demand for data-driven insights in businesses.
  • The MBA Business Analytics Syllabus is designed to cover subjects like Business Fundamentals, Technical Skills, Finance, Accounting, Marketing, HR Management, and International Business Relations.
  • The popular career options after an MBA in Business Analytics include roles like Business Intelligence Manager, Data Scientist, Senior Business Analyst, Management Consultant, and Financial Advisor. The average salary for these roles ranges from INR 4 - 16 LPA.

MBA Supply Chain Management

  • MBA Supply Chain Management specialization deals with the overall flow of goods and services, ranging from procurement, logistics, and supply chain strategy.
  • The MBA Supply Chain Management Syllabus covers topics like Strategic Planning SCM, Demand Planning and Forecasting, Sourcing Strategies, Finance, Logistics Distribution, and Human Resources.
  • Industry Analyst, Supply Chain Manager, Procurement Analyst, Inventory Analyst, and Production Planner are.The average salary for these roles ranges from INR 3.7 - 11 LPA.

 

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What you'll learn - Overview

MBA (Master of Business Administration) is a popular postgraduate management course available in various specializations like Finance, Marketing, HR Management and Supply Chain Management. MBA courses focus on enhancing business and management skills. MBA courses are spread across 4 semesters, each focusing on different areas of management, business, leadership skills, and problem-solving skills.

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