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.
|Full Form||Master of Business Administration|
|Types of MBA Courses||Full-Time MBA, Part-Time MBA, Distance MBA, Online MBA, Executive MBA, Integrated MBA|
|Top MBA Specialization in India||Sales, Marketing, Finance, Human Resources, IT, Operations, Digital Marketing, Business Analytics|
|MBA Admission Process||Entrance Exam & Merit-Based (Private Colleges)|
|Minimum Qualification Requirement||Bachelor's Degree|
|Minimum Aggregate Required for MBA Admissions||50-60%|
|Popular MBA Entrance Exams||CAT, MAT, XAT, ATMA, SNAP, TISSNET, CMAT, NMAT, GMAT|
|Top MBA Colleges in India||IIM Ahmedabad, IIM Indore, IIM Bangalore, FMS Delhi, IIM Calcutta, IIM Kozhikode, IIM Lucknow, SPJIMR Mumbai, XLRI, etc.|
|MBA Fees in India||INR 10 to 25 Lakh|
|Major MBA Recruiters||Amazon, Citigroup, Deloitte, Apple, Bain & Company, Flipkart, Microsoft, Google, Tesla, LinkedIn, PepsiCo, Unilever, Nike, Ernst & Young, and Deutsche Bank.|
|Average Starting MBA Salary||INR 5 to 22 Lakhs Per Annum|
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:
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.
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.
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.
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.
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.
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.
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 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.
|Type of MBA Course||Duration||Eligibility||Fees (in INR)|
|Full-Time MBA||2 Years||Graduation in any discipline||2 Lakh to 25 Lakh|
|Part-time MBA||2-4 Years||Graduation||1 Lakh to 10 Lakh|
|One Year MBA||12-15 Months||Graduation with 2-5+ years of experience||10 Lakh to 40 Lakh|
|Executive MBA||1-2 Years||Graduation with 5-10 years of work experience||10 Lakh to 45 Lakh|
|Online MBA||2 Years||Graduation||40,000 to 2 Lakh|
|Distance MBA||2-4 Years||Graduation in any discipline||30,000 to 2.5 Lakh|
|Integrated MBA||5 Years||Minimum aggregate score in 10+2||1 Lakh to 17 Lakh|
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.
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:
|MBA in Human Resources Management||MBA in Marketing||MBA in Banking and Insurance|
|MBA in Finance||MBA in Business Analytics||MBA in Accounting|
|MBA in Information Technology||MBA in Project Management||MBA in Digital Marketing|
|MBA in International Business||MBA in Logistics and Supply Chain Management||MBA in Pharmaceutical Management|
|MBA in Entrepreneurship||MBA in Travel and Tourism Management||MBA in Banking and Finance|
|MBA in Biotechnology||MBA in Business Economics||MBA in Sales Management|
|MBA in Data Analytics||MBA in Communication Management||MBA in Event Management|
|MBA in Fashion Designing||MBA in Healthcare & Hospital Management||MBA in Aviation Management|
|MBA in Hospital Administration||MBA in Hotel Management||MBA in Safety Management|
|MBA in Sports Management||MBA in Tourism Management||MBA in Retail Management|
|MBA in Hospitality Management||MBA in Corporate Social Responsibility||MBA in Disaster Management|
|MBA in Rural Management||MBA in Petroleum and Oil Gas Management||MBA in Environmental Management|
|MBA in Operations Management||MBA in Biotechnology Management||MBA in Business Management|
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 Specialization||MBA Syllabus|
|Organizational Behavior & Human Resource Management||
|Production and Operations Management||
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:
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.
|Exam Short Name||Exam Full Name||Conducting Body||Frequency|
|CAT||Common Admission Test||Indian Institutes of Management (IIMs)||Once a year|
|GMAT||Graduate Management Aptitude Test||Graduate Management Admission Council (GMAC)||All around the year|
|ATMA||AIMS Test for Management Admissions||Association of Indian Management Schools (AIMS)||4-5 times a year|
|MAT||Management Aptitude Test||All India Management Association (AIMA)||Multiple times a year|
|CMAT||Common Management Admission Test||National Testing Agency (NTA)||Once a year|
|XAT||Xavier Aptitude Test||XLRI, Jamshedpur||Once a year|
|NMAT by GMAC||NMIMS Management Aptitude Test||Graduate Management Admission Council (GMAC)||Once a year (74-day test window)|
|SNAP||Symbiosis National Aptitude Test||Symbiosis International (Deemed) University (SIU)||Once a year|
|IIFT||Indian Institute of Foreign Trade Exam||National Testing Agency (NTA)||Once a year|
|IBSAT||ICFAI Business School Aptitude Test||IFHE, Hyderabad||Once a year|
|Exam Short Name||Exam Full Name||Conducting Body||Frequency|
|MAH MBA CET||Maharashtra Common Entrance Test||State Common Entrance Test Cell, Maharashtra||Once a year|
|TS ICET||Telangana State Integrated Common Entrance Test||Kakatiya University, Warangal||Once a year|
|AP ICET||Andhra Pradesh Integrated Common Entrance Test||Sri Venkateshwara University, Tirupati||Once a year|
|TANCET||Tamil Nadu Common Entrance Test||Anna University, Chennai||Once a year|
|KMAT||Karnataka Management Aptitude Test||Karnataka Post Graduate Private Colleges' Association (KPPGCA)||Once a year|
|OJEE||Odisha Joint Entrance Examination||OJEE Board (OJEEB)||Once a year|
|Exam Short Name||Exam Full Name||Conducting Body||Frequency|
|TISSNET||Tata Institute of Social Sciences National Entrance Test||TISS Mumbai||Once a year|
|MICAT||Mudra Institute of Communications Admission Test||MICA, Ahmedabad||Twice a year|
|IPU CET||Indraprastha University Common Entrance Test||Guru Gobind Singh Indraprastha University||Once a year|
|JMI Entrance Exam||Jamia Millia Islamia Entrance Exam||Jamia Millia Islamia University||Once a year|
|SRMJEEM||SRM Joint Entrance Exam for Management||SRM University||Multiple times a year|
|KIITEE Management||Kalinga Institute of Industrial Technology Entrance Exam for Management||KIIT School of Management||Once a year|
|UPESMET||UPES Management Entrance Test||University of Petroleum and Energy Studies, Dehradun||Multiple times a year|
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:
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).
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.
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.
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.
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.
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:
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.
Popular destinations to pursue an MBA course in Maharashtra are Mumbai and Pune. Mumbai is known as the economic hub of the country. Hence, there is cut-throat competition for MBA admissions in Maharastra. Colleges in Maharashtra accept the national-level entrance exams for admissions. Directorate of Technical Education, Maharastra conducts a state-level entrance known as the MAH MBA CET. 70-80% of colleges in Mumbai accept MAH MBA CET exam scores for admission. Also, some institutes conduct their own entrance exams such as the TISSNET exam, NMAT by GMAC, etc. Candidates must check the requirement of the college before applying for it.
Candidates are shortlisted for admission to MBA colleges in Telangana through national-level entrance exams or the state-level entrance exam. The state authority conducts, the TS ICET exams annually for admissions to the management courses available at the colleges in Telangana. The state-level entrance exams are usually conducted in August. Qualified candidates have to go through the selection process of the particular college for MBA admission.
One can get MBA admissions in Andhra Pradesh by qualifying for national or state-level entrance tests. CAT is widely accepted as a national entrance exam score in almost every college. Most of the B-Schools in the state accept the score of AP ICET (Andhra Pradesh Integrated Common Entrance Test), a state-level exam conducted by Andhra University on behalf of APSCHE. Candidates who have a valid scorecard for these exams and fulfill the eligibility criteria for admission are called for counseling and further allotted seats on the basis of the final merit list and choices filled.
Graduates from all around the country prefer to pursue an MBA degree from Bangalore as it is one of the famous MBA destinations in India. Bangalore has some of the best MBA colleges in India. Colleges in Karnataka accept national-level entrance exam scores or state-level KMAT exam scores as the first stage of the selection process. However, some private colleges also accept direct admissions based on previous education records. Candidates must thoroughly check the official website and brochure of the colleges before applying.
MBA colleges in West Bengal take admissions based on national-level entrance exams. Most colleges accept CAT and MAT entrance exam scores. Meanwhile, some other colleges in West Bengal accept state-level entrance exam JEMAT scores. Also, some private colleges in West Bengal directly admit candidates based on their previous performances.
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.
Here are the top 10 MBA colleges in India (government) with their NIRF ranking and fees:
|College||Location||NIRF 2022 Ranking||Fee (approx. in INR|
|Indian Institute of Management Ahmedabad (IIMA)||Ahmedabad, Gujarat||1||23,00,000|
|Indian Institute of Management Bangalore (IIMB)||Bangalore, Karnataka||2||23,20,000|
|Indian Institute of Management Calcutta (IIMC)||Kolkata, West Bengal||3||22,60,000|
|Indian Institute of Technology Delhi (IITD)||Delhi||4||8,80,000|
|Indian Institute of Management Kozhikode (IIMK)||Kozhikode, Kerala||5||19,00,000|
|Indian Institute of Management Lucknow (IIML)||Lucknow, Uttar Pradesh||6||19,25,000|
|Indian Institute of Management Indore (IIMIIDR)||Indore, Madhya Pradesh||7||16,50,000|
|Indian Institute of Technology Madras (IIT Madras)||Chennai||10||8, 00, 000|
|Indian Institute of Technology Bombay (IITB)||Mumbai, Maharashtra||11||8,27,000|
|Indian Institute of Technology Kharagpur (IITK)||Kharagpur, West Bengal||12||9,22,400|
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:
|College||Location||NIRF 2022 Ranking||PGP / MBA Fee (approx. in INR)|
|Xavier Labour Relations Institute (XLRI)||Jamshedpur, Jharkhand||8||11,80,000|
|Management Development Institute (MDI)||Gurugram, Haryana||13||20,86,670|
|Symbiosis Institute of Business Management (SIBM)||Pune, Maharashtra||17||20,50,000|
|S P Jain Institute of Management and Research (SPJIMR)||Mumbai, Maharashtra||21||19,00,000|
|Great Lakes Institute of Management (GLIM)||Chennai, Tamil Nadu||31||17,25,000|
|SVKM's Narsee Monjee Institute of Management Studies (NMIMS)||Mumbai, Maharashtra||25||17,50,000|
|T. A. Pai Management Institute (TAPMI)||Manipal, Karnataka||38||14,30,000|
|International Management Institute (IMI)||New Delhi||59||17,15,000|
|Xavier Institute of Management (XIMB)||Bhubaneswar, Odisha||35||12,00,000 - 16,90,000|
|Kalinga Institute of Industrial Technology (KIIT)||Bhubaneswar, Odisha||48||13,60,000|
Check the list of various MBA colleges in India that accept scores of different entrance exams in the table below.
|List of MBA Colleges Accepting CAT Scores||List of MBA Colleges Accepting SNAP Scores|
|List of MBA Colleges Accepting XAT Scores||List of MBA Colleges Accepting MAT Scores|
|List of MBA Colleges Accepting GMAT Scores||List of MBA Colleges Accepting ATMA Scores|
|List of MBA Colleges Accepting MAH MBA CET Scores||List of MBA Colleges Accepting TS ICET Scores|
|List of MBA Colleges Accepting AP ICET Scores||List of MBA Colleges Accepting NMAT by GMAC Scores|
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.
|List of MBA Colleges in Andhra Pradesh||List of MBA Colleges in Assam|
|List of MBA Colleges in Bihar||List of MBA Colleges in Chandigarh|
|List of MBA Colleges in Chhattisgarh||List of MBA Colleges in Delhi|
|List of MBA Colleges in Gujarat||List of MBA Colleges in Haryana|
|List of MBA Colleges in Himachal Pradesh||List of MBA Colleges in Jammu & Kashmir|
|List of MBA Colleges in Karnataka||List of MBA Colleges in Kerala|
|List of MBA Colleges in Madhya Pradesh||List of MBA Colleges in Maharashtra|
|List of MBA Colleges in Orissa||List of MBA Colleges in Punjab|
|List of MBA Colleges in Rajasthan||List of MBA Colleges in Tamil Nadu|
|List of MBA Colleges in Telangana||List of MBA Colleges in Uttarakhand|
|List of MBA Colleges in Uttar Pradesh||List of MBA Colleges in Wesh Bengal|
|List of MBA Colleges in Ahmedabad||List of MBA Colleges in Bangalore|
|List of MBA Colleges in Bhubaneswar||List of MBA Colleges in Bhopal|
|List of MBA Colleges in Chandigarh||List of MBA Colleges in Chennai|
|List of MBA Colleges in Coimbatore||List of MBA Colleges in Dehradun|
|List of MBA Colleges in New Delhi||List of MBA Colleges in Delhi NCR|
|List of MBA Colleges in Greater Noida||List of MBA Colleges in Gurgaon|
|List of MBA Colleges in Hyderabad||List of MBA Colleges in Indore|
|List of MBA Colleges in Jaipur||List of MBA Colleges in Kanpur|
|List of MBA Colleges in Kolkata||List of MBA Colleges in Lucknow|
|List of MBA Colleges in Mumbai||List of MBA Colleges in Pune|
|List of MBA Colleges in Tiruchirppalli||List of MBA Colleges in Visakhapatnam|
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.
|Name of the MBA Institute||MHRD-NIRF Ranking 2022||Average CTC 2022 (INR)|
|Indian Institute of Management, Ahmedabad||1||32.79 LPA|
|Indian Institute of Management, Bangalore||2||33.82 LPA|
|Indian Institute of Management, Calcutta||3||34.2 LPA|
|Indian Institute of Technology, Delhi - DMS||4||21.9 LPA|
|Indian Institute of Management, Kozhikode||5||29.5 LPA|
|Indian Institute of Management, Lucknow||6||31.03 LPA|
|Indian Institute of Management, Indore||7||25.01 LPA|
|XLRI, Jamshedpur||8||32.7 LPA|
|National Institute of Industrial Engineering (NITIE), Mumbai||9||25.4 LPA|
|Indian Institute of Technology, Madras - DOMS||10||16.66 LPA|
|Indian Institute of Technology, Bombay - SJMSOM||11||25.9 LPA|
|Indian Institute of Technology, Kharagpur - VGSOM||12||18.44 LPA|
|MDI Gurgaon||13||26.65 LPA|
|Indian Institute of Management, Raipur||14||17.73 LPA|
|Indian Institute of Management, Ranchi||15||16.17 LPA|
|Indian Institute of Management, Rohtak||16||18.73 LPA|
|Symbiosis Institute of Business Management, Pune||17||23.06 LPA|
|Indian Institute of Management, Trichy||18||17.01 LPA|
|Indian Institute of Technology, Roorkee - DOMS||19||17.64 LPA|
|Indian Institute of Technology, Kanpur||20||28.7 LPA|
|S. P. Jain Institute of Management & Research, Mumbai||21||32.06 LPA|
|Indian Institute of Management, Udaipur||22||17.5 LPA|
|Indian Institute of Management, Kashipur||23||15.21 LPA|
|Indian Institute of Foreign Trade, Delhi||24||29.1 LPA|
|SVKM’s Narsee Monjee Institute of Management Studies, Mumbai||25||23.07 LPA|
|Indian Institute of Management, Shillong||26||23.10 LPA|
|Amrita Vishwa Vidyapeetham, Coimbatore||27||6.72 LPA|
|Amity University, Gautam Budh Nagar||28||5 LPA|
|Jamia Millia Islamia, New Delhi||29||9 LPA|
|International Management Institute, Delhi||30||15.28 LPA|
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:
|Name of the College||MBA Fees (Approximately)|
|IIM Ahmedabad Course Fee||INR 32,00,000|
|IIM Bangalore Course Fee||INR 23,00,000|
|IIM Calcutta Course Fee||INR 31,00,000|
|IIM Lucknow Course Fee||INR 20,10,000|
|IIM Udaipur Course Fee||INR 21,00,000|
|IIM Ranchi Course Fee||INR 17,60,000|
|IIT Kharagpur Course Fee||INR 1,64,000|
|IIT Delhi Course Fee||INR 10,24,000|
|FMS Delhi Course Fee||INR1,92,000 (for 2 years)|
|NITIE Mumbai Course Fee||INR 14,60,000|
|IIFT New Delhi Course Fee||INR 18,78,000|
|Symbiosis Pune Course Fee||INR 5,60,000|
|MDI Gurgoan Course Fee||INR 18,86,000|
|Narsee Monjee Mumbai Course Fee||INR 6,44,000|
|XLRI Jamshedpur Course Fee||INR 26,80,000|
|SP Jain Mumbai Course Fee||INR 21,42,000|
|IIT Roorkee Course Fee||INR 4,28,000|
|IIT Bombay Course Fee||INR 1,00,000|
|IIT Madras Course Fee||INR 4,10,000|
|GLIM Chennai Course Fee||INR 17,10,000|
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.
|Employment Areas||Job Types|
|Banks||Account Manager, Administrative Officer, Human Resource Manager, Marketing Manager, Card Payments Operations Head, Vice President - Investment Banking|
|Brand & Marketing||Brand Manager, IT Services Marketing Head, Marketing Manager|
|Business Consultancies||Human Resource Manager, Management Consultant|
|Educational Institutes||Trainer, Administrative Officer|
|Financial Organizations||Recruitment Manager, Administrative Officer, Equity Research Analyst, Human Resource Manager|
|Industrial Houses||HR Generalist Business Partner, Zonal Business Manager, Project Manager, Administrative Officer, Finance Manager, Marketing Manager|
|Multinational Companies||Lobbyist/Organizer, Recruitment Manager|
|Public Works||Research and Development Manager, Labour Management Relations Specialist|
|Tourism Industry||Human Resource Managers, Administrative Officer|
Almost every company requires skilled managers to manage all their activities. Some of the major recruiters available for MBA graduates are provided below.
|HDFC||Larsen & Toubro||Microland||GAR|
|JP Morgan Chase & Co.||HSBC||Amazon||Pidilite|
|Mahindra||Goldman Sachs||Wipro||Credit Suisse|
|McKinsey & Company||Nestle||Aditya Birla Group||Cipla|
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.
|Job Profile||Salary in India|
|Senior Marketing Manager||Rs 1,342,969|
|Marketing Manager||Rs 685,280|
|Senior Business Analyst||Rs 994,494|
|Business Development Manager||Rs 597,879|
|Business Development Executive||Rs 299,907|
|Area Sales Manager||Rs 609,533|
|Project Manager||Rs 1,263,774|
|Job Position||Average Salary|
|Human Resources Manager||Rs 7,05,853|
|Senior Human Resources Consultant||Rs 11,64,803|
|HR Operations Manager||Rs 8,74,286|
|Employee Relations Manager||Rs 7,32,503|
|Job Position||Average Salary|
|Accounting Manager||Rs 7,10,360|
|Credit Managers||Rs 5,80,576|
|Financial Analyst||Rs 4,12,339|
|Corporate Controllers||Rs 12,24,490|
|Job Position||Average Salary|
|Logistics Officer||Rs 4,36,344|
|Logistics Supervisor||Rs 2,56,529|
|Logistic Manager||Rs 6,06,122|
|Supply Chain Coordinator||Rs 3,97,561|
|Job Position||Average Salary|
|Project Manager||Rs 12,44,457|
|Business Development Manager||Rs 5,98,910|
|Marketing Manager||Rs 6,90,763|
|System Manager||Rs 8,81,633|
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:
|Name of the College||Country Located in|
|Harvard Business School||USA|
|University of Oxford||UK|
|Standford Graduate School of Business||USA|
|London Business School||UK|
|IE Business School||Spain|
|Columbia Business School||UK|
|IESE Business School||Spain|
|University of East London||UK|
|University Canada West||Canada|
|University of Waikato||New Zealand|
|University of Alberta||Canada|
|University of Toronto||Canada|
|Dublin Business School||Ireland|
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:
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.
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.
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.
Innovative ideas, ventures, and practices must be implemented. Candidates must be ready to accept fresh angles and viewpoints.
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.
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.
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.
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.
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.
Although IITs are the elite engineering institutes in India; their brand value in the field of management is catching up fast. Earlier, SJMSOM, IIT Bombay and DMS, IIT Delhi offered MBA admission to only those with an engineering background. But today, any graduate student can apply for an MBA. IIT Bombay and IIT Delhi are ranked among the top 200 universities (overall category) in the world. So, if you get selected in these institutes, then it is a better choice over New IIMs for an MBA. However, apart from IIT Bombay and IIT Delhi, new IIMs are much better B-Schools than the rest of the IITs. At present, new IIMs are growing at a much faster pace. IIM Udaipur has entered into FT MiM 2022 Ranking; while any IIT B-School is yet to debut.
An MBA from an IIM, XLRI, or FMS is a prominent and reputed degree that is recognized internationally. MBA graduates from such top B-Schools are offered lucrative job opportunities in various sectors, depending on their specializations. These colleges have tie-ups with top companies and offer great placement opportunities to students. The different job profiles are:
With an MBA degree, one gets practical business knowledge and acquires entrepreneurial and communication skills. An MBA can bring a significant increment in your salary and open the way for lucrative career opportunities in top corporations.
It is not necessary to have professional experience for admission into regular MBA programs. A candidate needs to have a valid score of accepted entrance exams and satisfy the educational requirements. However, students with professional experience are given priority since a career in business and their current employment with managerial responsibilities are essential parts of the application. For Executive MBA programs, a candidate must have a working experience of 5 years or more.
Based on your career requirements and how intensive and detailed you want your degree to be during the upcoming 18 to 24 months, you can select an MBA course. If you want to have classroom experience and gain practical training and industry exposure, you can get enrolled in a full-time MBA program. You can select distance learning options, online MBA programs, or a part-time course if you can't dedicate too much time due to work or other responsibilities. Executive MBA programs are great for working professionals if they are looking to advance their careers and increase their earning potential.