MBA Course

MBA stands for Master of Business Administration. It is a 2-year postgraduate course that covers topics like Human Resources, Finance, Marketing, Organizational Behavior, Management Principles, Accounting, Business Communication, Business Law, Business Ethics, Supply Chain Management, Operations Management, Sales, and so on. To secure a seat in a reputed B-school, students may have to appear for different MBA entrance exams, such as CAT, MAT, XAT, NMAT, or CMAT followed by WAT, GD, and PI rounds.

MBA subjects provide a student with in-depth knowledge about how using various logical and analytical methods can help a business manage its various resources such as Finance or HR. The course imparts and nurtures managerial and administrative skills in future business leaders and entrepreneurs. Aspirants of MBA can seek admission to regular, distance, or executive courses according to their convenience. Some of the top MBA colleges in India include IIM Bangalore, IIM Ahmedabad, IIM Lucknow, IIM Calcutta, and MDI Gurgaon. Most MBA colleges in India offer direct placements and jobs in prominent and well-established companies. The MBA fees in India generally range between INR 10 lakh and INR 25 lakh depending on the college one chooses. 

Candidates scoring more than 50% in an undergraduate course can only apply for an MBA course. Getting an MBA degree can definitely make an individual competent enough to work at managerial levels and open doors to many career opportunities. From Marketing to Tourism and Healthcare, every sector offers a wide range of MBA jobs like Finance Manager, Marketing Manager, Media Planner, Product Manager, Sales Manager, and many more.

MBA freshers can get a salary between INR 2-4 lakhs, depending on the specialization and the industry they are applying for. With an experience of 4-5 years, a professional can increase their earning potential and get a salary between INR 7-15 lakhs. The senior or executive level MBA jobs offer a salary package between INR 20-30 lakhs. Read further to know everything about an MBA course if you are interested in pursuing one.

Check out the significant highlights of the MBA course below.

MBA is an internationally acclaimed degree preferred by individuals who wish to gain knowledge of business practices. Every business requires well-qualified managers to deal with responsibilities related to business management and administration. One can acquire essential skills to lead a team and make deals that boost a company's success. Here are a few top reasons to choose an MBA:

Developing Managerial Skills

An MBA course develops business acumen and managerial skills in an individual. It prepares a candidate to perform various managerial duties in an organization as per his specialization. Moreover, an MBA degree instills communication, analytical, logical, comprehension, and various other crucial skills.

Better Career Opportunities

With a postgraduate degree in management from a well-recognized institute, one can find high-paying in some of the biggest organizations not just in India but abroad as well. Many working professionals pursue an MBA course to boost their careers and grab better career opportunities.

Developing Leadership Skills

With an MBA degree, one can acquire leadership roles in top companies across the world. It prepares a candidate to lead a team, convey his ideas clearly to the team members, make decisions that can impact hundreds of people, and keep the functioning and operations of the business intact.

Entrepreneurial Skill Development

An MBA course makes an individual well-versed in the management and administration of the business and various aspects of it within an organization. This enables him to understand how a business works and what contributes to its success; thus, preparing him for entrepreneurial roles and starting his own company.

Lucrative Salary & Great Benefits

MBA graduates from IIMs and other premier institutes never face a shortage of career opportunities with lucrative salaries and other benefits. MBA graduates are offered exceptional salary packages between 20-50 lakhs per annum. Through IIM placements, one can even get a package of 90 lakhs per annum and above.

Global Exposure to Business and Economy

Management is one of the most coveted sectors in the world, and professionals working in this sector are exposed to various kinds of business and economies of various nations. One can learn about the business administration and management techniques of various nations after completing an MBA degree successfully.

Who Should Pursue an MBA?

An MBA is essential for corporate executives who want to acquire improved communication and team-building abilities, new management strategies to prepare for roles with greater responsibility, and strategic thinking and critical analysis skills. These abilities will enable one to possess the managerial competence that an employer would require.

• An MBA is a requirement for full-time executives who want to grow their professional networks, improve their critical knowledge and skills, advance their careers more rapidly, and make much more money.
• People with outstanding leadership skills should pursue an MBA.
• Anyone with at least two to three years of professional experience who intends to move up to a managing or administrative position must enroll in an MBA program.

An MBA is a flexible degree that everyone can pursue within their comfort. Traditionally, the MBA course was a two-year regular program. But now, there are multiple options like online and distance programs which are best suited for working professionals. Have a look at the types of MBA courses available.

Now let's have a look at each type of MBA course in detail so that you can figure out which one is the right choice for you.

Full-Time MBA Course

• It is a regular two-year full-time course offered by most B-Schools in India.
• The program is divided into 4 or 6 semesters depending on the MBA specialization and college.
• Candidates can experience the classroom environment for theory classes, internships, and projects from practical knowledge.
• The approximate MBA course fee for any two-year full-time course starts from INR 2 Lakhs and may exceed up to INR 25 Lakh, annually.
• The full-time MBA course fee of the top three IIMs (Ahmedabad, Bangalore, and Calcutta) is around Rs 23 lakh.

Part-Time MBA Course

• The MBA Part-time program is the best program for working professionals as it is not a residential program.
• Anyone who wishes to improve their managerial skills can opt for this program.
• Many private and government colleges offer MBA Part-time courses.
• The annual MBA course fee may range from INR 1 lakh to 10 lahks approximately.
• The MBA syllabus is slightly different from that of the regular course.

One-Year MBA Course

• One-year MBA is a globally recognized MBA program with a duration of 12-15 months.
• It is a full-time residential MBA program offered at a fast pace with most of the ingredients of a two-year MBA.
• This course provides students with the same solid foundation in key Management concepts and disciplines as a regular MBA.
• The program is generally meant for candidates with work experience of 2 to 5+ years.
• The top three IIMs, (IIM A, B & C) offer one-year, full-time, residential MBA Equivalent programs to candidates with 5+ work experience.
• The fee of 1 year MBA courses is generally high as compared to two-year MBAs. It can be between Rs 10 to 40 lakhs, depending on the college.

Executive MBA Course

• The executive MBA course is designed for working professionals with five or more years of work experience.
• The course curriculum of executive MBA is similar to that of the full-time MBA program, but with a shorter duration.
• The classes are not conducted on a regular basis. The entire program is completed within a 15-19 months duration.
• The MBA syllabus may not be identical to the MBA syllabus for regular courses.
• The annual course fees of an executive MBA are marginally higher than other MBA courses. The annual course fees of an executive MBA subject may range from INR 10 lakh to 45 lahks.
• Many organizations that seek their employees to pursue executive MBA subjects bear the tuition fees.

Online MBA Course

• This is the most popular MBA course that most candidates opt for to get a degree from the comfort of their homes.
• The classes are conducted online and the projects must be submitted online.
• The MBA course curriculum is designed specially to ensure that the candidates grasp the core values of the course and also develop the necessary skills.
• Candidates will be given assignments on a regular basis that need to be completed.
• The admissions are also conducted online through an online application form.
• Candidates can take admissions from any city to any desired college around the country.
• Recorded lectures are also available for the candidates.
• The annual course fees for online MBA start from INR 40,000 to INR 2 lakhs, approximately.

Distance MBA Course

• Candidates can also pursue distance or correspondence MBA courses which are quite affordable and flexible in terms of duration.
• Candidates will have the liberty to complete the course between 2 to 5 years.
• Many renowned MBA Colleges in India offer a distance MBA program.
• Both private colleges and Government colleges offer distance MBA courses.
• The distance MBA course fee starts from INR 30,000 to INR 2.5 lakhs, depending on the institute.

Integrated MBA Course

• The integrated MBA course is for students who have just passed Class 12th.
• It is a 5-year program where candidates will pursue the graduation level as well as post-graduation level courses.
• The MBA syllabus for the MBA Integrated course is completely different.
• Students can either opt for BBA/B.Tech/BA/BSc+MBA subject course.
• The annual MBA course fees start from INR 1 to INR 17 lakhs.
• Right after graduation, students can easily get MBA jobs in the private and public sectors.

MBA provides more than 50 courses and specializations, spread across various industries. Based on the interest of the candidate, they can choose a career path best suited for them. The MBA syllabus for all the specializations is different. So, candidates must check out the MBA syllabus and according to their interests apply accordingly. Some candidates choose their MBA specializations first and then an  MBA college. Meanwhile, others choose the college first and accordingly choose their MBA specialization. Take a look at the table below to know about some of the most preferred MBA specializations available in India:

Also Read: MBA vs MCom: Which is Better?

An MBA is an extensive course, comprising a wide range of subjects. In a 2-year MBA program, students study core subjects like Marketing, Organizational Behavior, Principles of Management, Entrepreneurship, and Business Law, among others. The MBA course syllabus for the first two semesters is the same for all MBA specializations. The third and fourth semesters contain subjects related to the specialization chosen by the candidate.

An MBA prepares students for an executive career as business leaders. One can develop highly valuable skills like strategic thinking and people management and enhance one's professional career even more with a specialization in one of the areas. Here are the top MBA specializations to consider pursuing.

MBA admissions into most of the B-Schools in India are conducted on the basis of a candidate's score in national, state, and university/institute-level entrance exams. However, some private MBA colleges offer direct admissions on the basis of academic background. The eligibility criteria for the MBA course vary as per college. A few common requisites are given below:

• General category candidates should have a bachelor's degree in any stream with a minimum of 50% marks or equivalent CGPA from a UGC-recognized board or equivalent recognition from MHRD.
• Students belonging to the SC/ST/PwD category need to have a minimum of 45% marks to qualify for any MBA entrance test.
• Final year UG students can also apply for the entrance exams or admission. However, the application is subject to the results. If the candidate does not score the minimum aggregate, the application will be canceled.
• Candidates should have valid scores on MBA entrance exams such as CAT, MAT, XAT, SNAP, NMAT, CMAT, etc.
• Candidates opting through the reserved category must provide valid documents at the time of filing the examination form.
• Working professionals may also apply, but they must be capable of producing valid documents to prove their employment, whenever asked. If any candidate fails to produce the necessary documents, the candidature will not be considered.

Getting admission into one of the top MBA colleges is not a cakewalk. From fulfilling the basic eligibility criteria to qualifying for the entrance exam and finally meeting the selection requirements, a candidate has to go through a series of processes to get an MBA seat in a reputed B-School. Most of the management colleges in India offer admission to students on the basis of their scores in the entrance exams. Below we have mentioned some of the top national, state, and university-level entrance exams one needs to qualify for to make a cut into the MBA colleges.

Top National-Level MBA Entrance Exams in India

Top State-Level MBA Entrance Exams in India

Top University-Level MBA Entrance Exams in India

To get admission into any of the top MBA colleges in India, one has to undergo several rounds of the selection process. Candidates must ensure to fulfill all the requirements in each round to make it to the final list for admission. Here is the stage that every candidate must go through to seek admission into an MBA course:

Stage 1: Apply for the Entrance Exam

Even before choosing a college, candidates will have to appear for any of the entrance exams listed above. Also, they may look at the requirements of the colleges they wish to study in and accordingly prepare for the entrance exams. To appear for the entrance exams, merely, candidates will have to meet the minimum eligibility criteria for each entrance exam. Most MBA Entrance exams allow candidates with 50% aggregate marks in Bachelor’s degree (5% relaxation for reserved categories).

Stage 2: Appear for the Entrance Exam

CAT is one of the most popular and toughest entrance exams with over 2 lakh applicants every year. With a valid CAT score, you can get MBA admission in IIMs and most of the colleges in India. Most students seeking admission into B-schools start preparing for the CAT exam a year before the exam date to ensure they qualify for it. The score of other entrance exams like MAT, ATMA, CMAT, and XAT are also accepted by many management institutes in the country. You can appear for any entrance exam depending on the college you are targeting.

Stage 3: Qualify for the Entrance Exams

Then, the next step is that candidates will have to wait for the results. All entrance exams have different ways of calculating the marks. Some consider the marks scored, and some consider the percentile. So, make sure to check the rules of the exam. Qualifying for the entrance exam doesn’t guarantee admission into the college of your voice. You need to meet the minimum cutoff and selection criteria defined by an individual college.

Stage 4: Participate in the Counselling/Selection Process

Candidates meeting the cutoff must then apply for the MBA course admission process to the college/institute. A Centralized Admission Process (CAP) is organized to select candidates for final admission. Students need to register to take part in the counselling and fulfill all the requirements. Anyone who does not meet the cutoff and still applies will not be considered. One must remember that entrance exam scores for most exams are valid for one year only.

Stage 5: Shortlisting of Candidates for the GD/PI Rounds

Based on the entrance exam scores, candidates are shortlisted and called for group discussions, written ability tests, or personal interview rounds. MBA colleges accepting direct admissions, on a merit basis also conduct personal interview rounds. Candidates must appear for this round of the selection process. Make sure you are well prepared for such rounds as they are conducted to evaluate your overall personality and communication skills. No matter how high your score is in the entrance exam if you can’t speak or interact confidently in GD/PI rounds, you might lose your chances of getting an MBA seat.

Stage 7: Declaration of the Final Merit List and Waiting List

After evaluating the candidate on the parameters, entrance exam scores, GD/PI performance, academic performance, and work experience (if any), the final list of selected candidates will be declared. Candidates who have been allocated a seat in the MBA college will be required to do the reporting (offline or online) and pay the admission fees. Simultaneously, the waiting list of candidates will also be declared. If there are any vacant seats or availability, candidates from the waiting list will be admitted.

Also Read: MBA Admission Process 2023

The MBA admissions for colleges across the country follow the same process. However, there are some minor changes in the admissions process for the MBA course state-wise. Here are the details of the state-wise MBA admission process in India:

MBA Admissions in Delhi

The MBA colleges in Delhi accept the entrance exams conducted at the national level such as CAT, MAT, CMAT, etc. However, some colleges in the Delhi NCR area such as Jamia Milia Islamia and the Indian Institute of Foreign Trade (IIFT) conduct their own entrance exams for the admission process. Some colleges also accept GMAT scores for admissions. There are no state-level entrance exams conducted by the state government of Delhi. Candidates will have to appear for the national-level entrance exams based on the colleges they prefer to get admission to. 

MBA Admissions in Maharashtra

Pursuing an MBA course is no longer a far-fetched dream. There are numerous MBA colleges/institutes in India that offer the best education with lucrative placements and great ROI. Candidates can seek admission to the top MBA colleges in India to improve their future prospects. 

Top Govt. MBA Colleges in India

Here are the top 10 MBA colleges in India (government) with their NIRF ranking and fees:

Top Private MBA Colleges in India

Here are some of the top-in-line private MBA colleges in India that offer the best ROI, placements, and education to students with both theoretical and practical knowledge. Also, the MBA course fees of the colleges are listed below:

List of MBA Colleges Accepting Scores of Various Entrance Exams

Check the list of various MBA colleges in India that accept scores of different entrance exams in the table below.

MBA courses in India are offered by more than 5,000 MBA colleges (government and private) in a variety of specializations. Out of these B-schools in India, a few are rated and ranked in the top MBA colleges in India on the basis of pedagogy, infrastructure, placement opportunities, and more. MBA aspirants seeking admission can check out the list of top MBA colleges by state and city provided below.

State-Wise List of MBA Colleges in India

City-Wise List of MBA Colleges in India

One of the primary reasons why students wish to pursue an MBA is to receive a lucrative job opportunity at the end of their MBA course. The credibility of a good MBA college is judged by various factors, one of the most important of which is the placement opportunities offered. The ROI or Return on Investment is a crucial parameter that MBA aspirants must take into consideration when choosing an MBA college. ROI is simply the comparison between the average MBA fees and the average placement package offered by a B-school. Given below are some of the top MBA colleges in India in terms of ROI. Candidates should check them out before applying for MBA admissions.

The course fee for an MBA in India differs from private to government or public colleges. However, candidates may expect to spend a minimum of INR 20,000 to INR 40 Lakh annually for MBA. There are multiple factors that affect MBA fees. Although government colleges are quite pocket-friendly, private colleges are expensive. Here is a list of colleges with their MBA fees:

Being an MBA graduate in India has great scope. Immediately after graduating, there are high possibilities to bag the best jobs. With 10-19 years of experience, any candidate can easily get a salary of INR 14,00,000 LPA undoubtedly. With 20 or more years of experience, an MBA in India can easily get senior-level jobs. A senior-level job in Management offers posts such as Director, Vice president, and Senior Director. The MBA salaries offered in these posts can wind up to INR 25 Lakhs Per Annum or more without any upper limit. 

MBA jobs are available in the private, government, and public sectors. From Marketing to Tourism and Healthcare, every sector offers a wide range of MBA jobs for graduates at junior, senior, and executive levels. MBA jobs can be highly rewarding and satisfactory, especially if you are top B-school alumni. If not for college placements, with the right skill set, candidates can easily get jobs in the top companies and organizations. Depending upon the specialization, skills, and knowledge, a candidate can attract lucrative job options after MBA that offer high salary packages and other great benefits.

MBA is a highly skilled degree and opens up various opportunities for candidates. From working in the private, public, or government sectors to venturing out to become an entrepreneur, an MBA course goes a long way toward shaping your career.  

Career prospects after MBA are varied. Depending upon the B-school a candidate has graduated from, the job prospects differ. Top B-schools in India such as the Indian Institute of Management(s) have the best placement strategies in place, and more often than not, their students are usually in the best place in the industry. Immediately after the MBA course, candidates may seek placement in the best job sector.

Candidates can check the type of job profiles available for MBA graduates from the table provided below.

Top Recruiters for MBA Graduates

Almost every company requires skilled managers to manage all their activities. Some of the major recruiters available for MBA graduates are provided below. 

MBA is a well-respected and in-demand course. Any MBA graduate can easily get a respectable job with a handsome salary package. Most MBA colleges offer direct placements with high-end salary job profiles and salary packages. An MBA salary in India, despite an MBA government salary or MBA private salary, is considered handsome. 

However, the starting average salary of MBA graduates in India ranges from Rs. 7 Lakh to Rs. 12 Lakh per annum. If you have studied at an Ivy League B-School in India, it can start from Rs. 15 Lakh per annum. Mid-level salary ranges from between Rs. 15 Lakh to Rs. 24 Lakh per annum. Senior-level salary ranges above Rs. 20 Lakhs per annum.

Average Salary in MBA Marketing Management

Average Salary in MBA Human Resources

Average Salary in MBA Finance 

Average Salary in MBA Logistics and Supply Chain Management

Average Salary in MBA Information Technology

Also Read: List of Government Jobs after MBA

Studying MBA abroad is possible. But it requires the candidates to take a slightly different route for the preparation process. Instead of appearing for the national-level entrance exams, candidates will have to appear for Graduate Management Aptitude Test (GMAT). Based on the country the candidate is seeking admission, they will have to either appear for the International English Language Testing System (IELTS), or Test of English as a Foreign Language (TOEFL). Candidates qualifying the minimum requirements of the colleges and universities along with the GMAT or TOEFL scores or GMAT+IELTS scores will be considered for admissions.

Most candidates from India travel to the USA, UK, Germany, New Zealand, or Australia for MBA subject education. This selection is made considering various factors. Candidates may also opt to go to other countries to pursue MBA courses. There is no limitation to it.

Pursuing MBA from a top college abroad opens opportunities to work in higher management roles in top international companies. Here are a few top MBA colleges abroad you may consider for admission:

MBA is a course, which requires the complete dedication of the candidate. One must be ready to accept the hardships that come with it. Candidates must have these sets of skills to be qualified as an MBA graduate. It is always better if the candidate already has the skills. If not, pursuing MBA will motivate and inculcate these skills:

Leadership

Studying for an MBA brings the candidate the resources to build leadership skills. It enables the person to act as a leader for the team members. The person must be capable of motivating and inspiring the members of the group. They must have firm confidence in themselves and in the work. It is best to gain expertise in the area to be able to lead the team.

Communication

Another important skill that is very necessary is communication. MBA job requires the candidate to meet and communicate with lots of new people on different matters. They must be able to handle each person in the way required. Candidates must be able to put across their ideas in an innovative and understanding way. Also while submitting any proposal or information, they must be able to handle the responsibility of it.

Critical Thinking

Candidates must be aware of the good and bad for the team. They must have the potential to think through the matter and make a decision best for the team. The MBA syllabus includes this as an integral part. Additionally, instead of fixating on personal gain, they must focus on the big picture and work accordingly. Also, an MBA graduate must be ready to accept positive and negative feedback and implement it in the best way possible.

Creativity

Innovative ideas, ventures, and practices must be implemented. Candidates must be ready to accept fresh angles and viewpoints. 

Teamwork

Instead of working like a boss, one must always act as a leader and work with the team. A good leader always prioritizes the team before personal gains. And the best strategy to build better results is always teamwork.

Flexibility

Always is flexible with changes. Being adamant and continuing with old methods will never help to grow. Being flexible, and adapting to new methods, and technology will always help to grow. To build the bridge over the growing business industry, flexibility is the key.

Resilience

Once you start the journey in the business world, it is not easy to look back. Although the business world is harsh and difficult to climb the ladder of success. But giving up or quitting cannot be an option. Candidates must be resilient and continue to push back and fight through the hardships to build a stable career.

Self Awareness

Being self-aware of one's strengths and weaknesses is important. It helps to think about the best ways to use the strengths and improve the weaknesses. It will help to build confidence.

Integrity

Honesty towards one's own work and responsibilities is another aspect that an MBA aspirant must possess. While leading a group of team members, if the candidate is not honest with the team, it can lead to havoc. Being integral is equally important as the other skills.

Also Read: How to Build Your Profile for MBA Admissions?