Masters of Business Administration (MBA)
Updated By Abhishek Raj on 4 May, 2021
1 Year-2 Year
15K-25L INR Annual
About Masters of Business Administration (MBA)
MBA is an internationally accredited post-graduate degree for developing business and management skills amongst future business leaders and entrepreneurs. The full form of MBA is Master of Business Administration. A typical MBA degree covers a wide range of business fields like accounting, marketing & management. An MBA degree is not limited to a career in management so those interested in pursuing a career in the private, government & public sector can also benefit from an MBA degree.
In India specifically, there are two types of management degrees available.
- Masters in Business Management (MBA): This degree is offered usually a 2-year degree.
- Post Graduate Diploma in Management (PGDM): This degree is offered by autonomous institutes like the Indian Institute of Management(s) and is usually a 1-year course.
In recent times, various other versions of MBA/ PGDM have been introduced to adhere to the industry needs. Some of them include:
- Online MBA
- Distance Learning MBA
- Executive MBA
The MBA course curriculum is a combination of some core subjects like Marketing, Economics, Accounting and Operations, and Elective courses to give management aspirants a chance to follow their own personal or professional interests.
Take a look at the table below to know about some of the MBA specializations.
|Finance Management||Marketing Management|
|Human Resource Management||Rural Management|
|Health Care Management||Operations Management|
|Media Management||Sports Management|
|Hospitality Management||Interior Design|
Masters of Business Administration (MBA) Highlights
All the important details about the Masters of Business Administration (MBA) course are mentioned below
|Minimum Qualification Requirement||Bachelor Degree|
|Average Initial Salary||INR 5 to 22 lacs per annum|
|Selection Process||Entrance Exam|
|Minimum Aggregate Score Requirement||50%-55%|
|Major Recruiters||Amazon, Citigroup, Deloitte, Apple, Bain & Company, Flipkart, Microsoft, Google, Tesla, LinkedIn, PepsiCo, Unilever, Nike, Ernst & Young and Deutsche Bank.|
Masters of Business Administration (MBA) Eligibility Criteria
Admission to the MBA course is strictly on the basis of management entrance exams conducted on national, state, university/institute level. Besides this, students have to adhere to the following eligibility criteria:
- Graduate from any stream with minimum 50% marks or equivalent CGPA from a UGC recognized Board or equivalent recognition from MHRD,
- Students belonging to the SC/ ST or PWD category will require a minimum 45% marks to qualify for any MBA entrance test
- Valid scores of MBA entrance exams like CAT, MAT, XAT, SNAP, NMAT & CMAT etc.
MBA Admission Process:
Getting admission to an MBA college is not a cakewalk. One has to overcome a series of difficult processes for admission to a top B-school in India. If you fulfil the basic eligibility criteria, you need to appear for any of the following entrance exams:
- Common Admission Test (CAT)
- Management Aptitude Test (MAT)
- Symbiosis National Aptitude Test (SNAP)
- Xavier’s Aptitude Test (XAT)
- NMAT by GMAC
- Common Management Aptitude Test (CMAT)
- Indian Institute of Foreign Trade (IIFT)
- MICA Admission Test (MICAT)
- ICFAI Business School Aptitude Test (IBSAT)
The government also conducts tests for admission to MBA government colleges as well as private MBA colleges in the state. Some of them include:
- Gujarat Common Entrance Test (GCET)
- University of Hyderabad’s CET (UOHYD)
- Cochin University Science & Technology (CUSAT)
- Karnataka Management Aptitude Test (KMAT)
- Rajasthan Management Aptitude Test (RMAT)
- Tamil Nadu Common Entrance Test (TANCET) etc.
There are various management schools in India that also conduct individual management entrance exams for admission to their colleges.
- Jamia Milia Islamia (JMI), New Delhi
- SRM University’s Management Test (SRMJEE)
- Benaras Hindu University (BHU PET)
- Kalinga Institute of Industrial Technology (KIITEE)
- University of Petroleum & Energy Studies (UPES-MET) etc.
Here a collated list of all the management entrance exams in national, state and college/ university level MBA exams for taking admission to the top colleges.
After your MBA entrance exam score is out, you can check out the B-school admission as released by that school. Wherever eligible, you can apply, following which, you will have to undergo the Group Discussion (GD) & Personal Interview) rounds.
Masters of Business Administration (MBA) Syllabus
Syllabus of MBA for first two semesters will be same for all the specializations. The third semester will contain subjects related to the specialization chosen by the candidate.
|Semester 1||Semester 2|
|Business Communication||Economic Environment of Business|
|Financial Accounting||Financial Management|
|Human Resource Management||Management Accounting|
|Information Technology Management||Management of Information System|
|Managerial Economics||Management Science|
|Marketing Management||Marketing Research|
|Organizational Behaviour||Organization Effectiveness & Change|
|Quantitative Methods||Production & Operations Management|
|Semester 3||Semester 4|
|Business Ethics & Corporate Social Responsibility||International Business Environment|
|Legal Environment of Business||Project Study|
|Strategic Analysis||Strategic Management|
Candidates must note that in addition to three main subjects, they will have to choose five additional subjects depending on the type of specialization opted by them. They can check the list of available subjects from the table provided below.
|Security Analysis & Investment Management||Project Planning, Analysis & Management|
|Quantitative Analysis of Financial Decisions||Financial Derivatives|
|International Financial Management||Fixed Income Securities|
|Portfolio Management||Risk Management|
|Management Control System||Corporate Governance|
|Management of Financial Services||Financial Reporting|
|Advertising Management||Analytical Marketing|
|Consumer Behaviour||Brand Management|
|Competitive Marketing||Retailing Management|
|Sales Force Management||Internet Marketing|
|Business Marketing||Marketing Channel|
|Sales Promotion Management||Advanced Research Techniques in Marketing|
|OB & HRM|
|Management of Industrial Relations||Counselling Skills for Managers|
|Manpower Development for Technological Change||Managing Diversity|
|Human Resource Planning and Development||Human Resource Development: Strategies & Systems|
|Performance Management||Negotiation, Persuasion & Social Influence Skills|
|Cross-Cultural and Global Management||Personal Power & Leadership through Asian Values|
|Managing Interpersonal and Group Processes||Compensation Management|
|Training and Development||Leadership, Power & Politics|
|PRODUCTION & OPERATIONS MANAGEMENT|
|Advanced Operations Management||Decision Models and Optimization|
|Total Quality Management||Production Planning and Control|
|Operations Strategy||Quantitative Analysis of Risk and Uncertainty|
|Operations Research||Supply Chain Management|
|Modelling in Supply Chain Management||Technology, Innovation and New Product Management|
|Environment and Safety Management|
|Entrepreneurial Management||Family Business & Entrepreneurship|
|Social Entrepreneurship||Managing the Growing Business|
|Entrepreneurship, Creativity & Innovation||Financing the Entrepreneurial Business|
|INFORMATION TECHNOLOGY MANAGEMENT|
|Business Process Re-Engineering||Network Operations, Management & Security|
|Managing E-Business||Strategic Management of Information Technology|
|System Analysis and Design||Managing IT-Enabled Services|
|Database Management Systems||Knowledge Management|
|Management of NGOs||Hospitality Operations Management|
|Transportation Management||Service Operations Management|
|Tourism Marketing||Airport Management|
|Hospitality Marketing||Total Service Quality Management|
|Civil Aviation Management|
MBA Career Options and Job Prospects
MBA is a highly skilled degree and opens up various opportunities for you. From working in the private, public or government sectors to venturing out to become an entrepreneur, an MBA degreeg goes a long way into shaping your career.
Career prospects after MBA are varied. Depending upon the B-school you have graduated from, the job prospects get impacted. 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 the best place in the industry.
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 Managers, Marketing Managers, Card Payments Operations Head, Vice President - Investment Banking|
|Brand & Marketing||Brand Manager, IT Services Marketing Head, Marketing Manager,|
|Business Consultancies||Human Resource Managers, Management Consultant|
|Educational Institutes||Trainer, Administrative Officer|
|Financial Organizations||Recruitment Manager, Administrative Officer, Equity Research Analysts, Human Resource Managers|
|Industrial Houses||HR Generalist Business Partner, Zonal Business Manager, Project Managers, Administrative Officer, Finance Managers, Marketing Managers|
|Multinational Companies||Lobbyist/Organizer, Recruitment Manager|
|Public Works||Research and Development Managers, 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.
|Microsoft||Infosys||Aditya Birla Group|
The starting average salary of MBA graduates in India ranges from Rs. 7 Lakh – Rs. 12 Lakh per annum. If you have studied from 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 – Rs. 24 Lakh per annum. Senior-level salary ranges above Rs. 20 Lakhs per annum.