MBA : Master of Business Administration- Course, Eligibility, Admission, Entrance Exam, Subjects, Colleges, Jobs
About MBA course
A two-year professional postgraduate programme offering management skills, business knowledge, and professional networking is called the Master of Business Administration (M.B.A.). The MBA programme is the pinnacle of learning about business administration both theoretically and practically. Students gain knowledge of a company’s or organization’s management, finances, and workforce management. There are various MBA programme types, including 2-year full-time, distance learning, online, and executive programmes. Entrance exams such as the CAT, MAT, XAT, GMAT, MAH MBA CET, and others are used to determine admission, along with personality assessments such as GD or PI. Leading universities like IIMs, FMS Delhi, and XLRI require GD/PI prior to admission. GMAT is advantageous for individuals who desire to enrol in MBA programmes abroad.
MBA Course Details
Students from all academic backgrounds, including science, commerce, engineering, and humanities, are drawn to the MBA programme. The most prevalent MBA type is full-time. Courses in the Master of Business Administration programme will be beneficial to both individuals with no prior work experience and those who have it. Every sector benefits from the management capabilities that an MBA offers. After receiving their MBAs, students hope to hold management positions.
| MBA Full Form | Post Graduation Degree Course |
|---|---|
| MBA Course Level | Post Graduation Degree Course |
| Duration of MBA | Full Time MBA: 2 Years PGDM (MBA equivalent): 2 Years Online MBA: 1-4 Years Distance MBA: 2-5 Years Integrated MBA: 5 Years |
| MBA Admission Process | Entrance Exam followed by Group Discussion and Personal Interview |
| Top MBA Entrance Exams | CAT, MAT, XAT, CMAT, NMAT, ATMA, IIFT, IBSAT |
| MBA Eligibility | 50% in Graduation |
| MBA Fees | INR 5,00,000 – INR 18,00,000 |
MBA Course Highlights
MBA course is the most popular postgraduate course that is open to students from all streams like Science, Commerce and Humanities. MBA courses are available in various types and each type has its own characteristics like duration, medium, depth etc. PGDM offers students a fantastic opportunity to change their career path into something that may interest them because it accepts students from all courses. The same 2 year MBA course has various names in various colleges. IIMs provide a PGPM course that is equivalent to a regular Master of Business Administration. PGDM is also equivalent to MBA if the college is approved by AICTE. The full time regular 2 year MBA course is the most popular type of MBA course and provides the best returns as compared to others. Other MBA Types are Distance MBA, Online MBA, 1 Year MBA. Work experience is not mandatory for students but is a bonus.
MBA vs PGDM
Although the MBA and PGDM are not the same, their core disciplines are. A PGDM programme at an institute is equivalent to an MBA if it has AIU accreditation. The majority of private universities offer PGDM programmes. MBA and PGDM courses are considered to be equal during the hiring process. The following list includes some of the distinctions between an MBA and a PGDM:
| MBA | PGDM |
|---|---|
| Master of Business Administration | Post Graduate Diploma in Management |
| Degree Course | Diploma Course |
| 2 years | 1-2 years |
| Entrance Exam | Entrance Exams as well as Direct Admission in some institutions |
| INR 2-20 LPA | INR 4-24 LPA |
| INR 7 - 10 LPA (starting salary) | INR 12 - 15 LPA (starting salary) |
| XAT, NMAT, SNAP, ATMA, CAT | MAT, CAT, CMAT, XAT, GMAT |
| HR Manager, Business Analyst, Marketing Manager, Finance Advisor, Investment Banker, etc. | Project Manager, Data Scientist, Auditor, Tax Specialist, Consultant, etc. |
MBA Subjects and syllabus
MBA Semester wise Subjects will give students a basic idea of the subjects they will study in the 2 years of MBA. MBA Subjects deal with everything related to running a business and managing teams. The MBA Semester Wise syllabus is mentioned below:
| MBA Subjects in 1st Semester | MBA Subjects: Semester 2 | MBA Subjects: Semester 3 | MBA Subjects: Semester 4 |
|---|---|---|---|
| Corporate Social Responsibility | Macroeconomics | Supply Chain Management | Project Study |
| Microeconomics | Business Law | Financial Modelling | International Business Environment |
| Principles of Marketing Management | Operations Management | Strategic Management | Strategic Management |
| Principles of Accounting | Optimization and Project Research | Business Intelligence | - |
| Tools and Framework of Decision Making | Corporate Finance | Marketing Research | - |
| Quantitative Methods and Statistics | Project Management | Managerial Economics | - |
| Business Communication and Soft Skills | Marketing Management | Corporate Governance and Business Ethics | - |
| Organisational Behaviour 1 | Organisational Behaviour 2 |
MBA Specializations
| MBA Specialization | Description |
|---|---|
| MBA Finance | MBA Finance focuses on building skills and knowledge related to Finance, Audit, economics, Equity, stock market, mergers etc. Students learn to manage and strategize investment opportunities with the view of earning greater returns. |
| MBA Supply chain Management | MBA Supply Chain Management teaches students to develop management skills to run strong supply chain networks. Students learn to plan the supply of products or resources in the most efficient way. |
| MBA International Business | MBA in International Business is designed to impart knowledge about Foreign Policies, Trade, Foreign Investments, Export Management, Forex Risk Management. It deals with managing investment opportunities in markets of other countries. |
| MBA Digital Marketing Process | MBA Digital Marketing teaches students about the art and knowledge of marketing on digital platforms like Google, and Youtube and also social media platforms like Facebook, Instagram etc. They have the skills to analyze data obtained from each campaign to formulate and make more impactful marketing techniques. |
| MBA Operations Management | MBA Operations Management focuses on managing operations in general. These skills can be useful in various fields. It provides knowledge in planning, organizing and supervising the launching of products or services. |
| MBA Banking and Finance | MBA in Banking and Finance delves deep into the world of finance with special emphasis on the roles of banks in this sector. Students learn how to analyze financial statements with a better understanding of financial forecasting. |
| MBA IT | MBA in IT helps to manage IT companies including their recruitment process. It becomes necessary for HR to have good knowledge of IT. |
MBA Eligibility
MBA qualification depends on the eligibility criteria mentioned in the MBA entrance exams. There are slight variations in the eligibility criteria for each MBA Entrance exam. After clearing the Exams, students will face a different set of qualification criteria from the MBA Colleges they are applying for. The basic MBA Eligibility criteria are mentioned in the bullets below: Students must complete their graduation in any stream from a recognized university in order to study MBA courses. They must have a minimum of 50% in graduation in order to study MBA Courses. 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 for MBA courses. For the students belonging to the reserved category the minimum eligible score is 45%. 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. Master of Business Administration can be pursued by professionals having CA/CS/ICWAI certification.
Different types of MBA Courses
Owing to the high demand for MBA courses, various Types of MBA have emerged, each focusing on a distinct sort of student. Traditionally Full Time 2 year MBA has been the most popular option and still is, but with time new trends are emerging as Online MBA, distance MBA and also Executive MBA is finding new takers. The various types of MBA courses are mentioned below:
| Types of MBA | MBA Duration | Fees(INR) |
|---|---|---|
| Full Time | 2 Years | 1,20,000 - 23,00,000 |
| Executive MBA | 15-18 Months | 15,00,000 - 27,00,000 |