A master of business administration (MBA) is a 2 years postgraduate degree that provides theoretical and practical training for business or investment management. An MBA is designed to help graduates gain a better understanding of general business management functions.
An MBA degree can have a general focus or a specific focus in fields such as accounting, finance, or marketing, and relationship management (RM). MBA students can also focus on other aspects of business, like finance or risk management.
The roles on offer for MBA postgraduates are generally of middle management levels such as Finance Manager, Product Manager, Strategy Manager, HR Manager, Marketing Management etc. On completing the MBA degree, students can get jobs with highly range salaries.
MBA admission is based on MBA entrance exams followed by a personality assessment test round (Group Discussion or GD, Written Ability Test or WAT and Personal Interview or PI). Typically, students are required to have more than 50 per cent in their undergraduate degree from any stream in order to pursue an MBA course.
MBA (Master in Business Administration) Highlights
Course |
MBA |
Full Form |
Master of Business Administration |
Course Level |
Post Graduation |
Types |
Full-Time MBA, Part-Time MBA, Distance MBA, Online MBA, Executive MBA and Integrated MBA |
Course Fee |
INR 2 lakh to 27 lakh and above |
Admission Process |
Entrance Exam+ Group Discussion+ Personal Interview |
Entrance Exams |
CAT, MAT, XAT, CMAT, NMAT, ATMA, IIFT, IBSAT |
Colleges |
There are 5000+ colleges in India offering Full-Time MBA. Most popular colleges include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, FMS Delhi, SPJIMR Mumbai, XLRI, IIM Indore, IIM Kozhikode among others |
Specializations |
Sales, Marketing, Operations, Finance, Human Resources, Digital Marketing and Business Analytics |
Average Salary |
INR 5 lakh to 25 lakh per annum |
Recruiters |
Boston Consulting Group, Mckinsey, Bain & Co, Morgan Stanley, Citibank, JP Morgan Chase, Amazon, Facebook, Google, Adobe, etc. |
Eligibility Criteria for MBA
1. Admission to the MBA course is strictly on the basis of management entrance exams conducted at the national, state, university/institute level.
2. Graduate from any stream with minimum 50% marks or equivalent CGPA from a UGC recognized Board or equivalent recognition from MHRD,
3. Students belonging to the SC/ ST or PWD category will require a minimum of 45% marks to qualify for any MBA entrance test Valid scores of MBA entrance exams like CAT, MAT, XAT, SNAP, NMAT & CMAT etc.
Admission Process
1. Admission takes place mainly through Entrance exams. Entrance exams conducted by colleges and another type is entrance exams conducted by state governments.
2. MBA Exams conducted by the state government include MAH CET, KMAT, JEMAT etc.
3. Direct admission for MBA is possible in certain colleges where students to take the MAT exam.
Career after MBA (Master in Business Administration)
Business Administration programmes are suited for students who already have work experience in a business-related or management field for 5-10 years, and are interested in taking their knowledge up a notch. MBA are also popular and rewarding study options for international students who can’t afford to go abroad.
MBA degree holder gets jobs which include team lead and managerial responsibility of the department. A manager’s job profile broadly includes planning, strategising, execution, leading the team, liaison with clients, coordinating with other departments, delegating of work and responsibilities, and reporting to higher authorities regarding projects undertaken.
MBA Jobs largely depend on the specialisation chosen by the student. But students from every specialisation can apply for any job role they want. Students mostly get jobs after MBA through campus placements. Managerial job roles are preferred by the students. The average placement may vary according to the college. IIMs provide placement opportunities that lie between INR 20 Lakhs to INR 25 Lakhs on average.
MBA (Master in Business Administration) Syllabus
Subject |
Description |
Macroeconomics |
Macroeconomics is learning the behaviour of the national or regional economy as a whole |
Business Law |
Business law, also called trade law or commercial law, is a body of laws, either by agreement, or national or international law, which governs interaction between persons in commercial matters. |
It is the management of business activities to create the highest possible level of efficiency within an organisation |
|
Optimization and Project Research |
A research project refers to a specific scientific effort to answer a research question or a set of research questions. |
Corporate Finance |
Business finance is a financial institution that operates through funding sources, a corporate financial framework. |
Project Management |
Project management is the process of leading a team work to achieve all the project objectives within the given challenges |
Marketing Management |
The task of marketing management is to convert potential customers into actual customers. |
Organisational Behaviour 2 |
Organisational behaviour is an educational study of how people communicate in an organisation. |