MBA
Course Description
| Name of degree | Master of Business Administration |
|---|---|
| Commonly known as | MBA |
| Degree level | Post Graduate |
| Course Duration | 2 Years |
| Admission Process | Entrance Exam & Merit-Based (Private Colleges) |
| Annual Course Fee | INR 10 to 25 Lakh |
| Top Institutes | IIM Ahmedabad, IIM Indore, IIM Bangalore, FMS Delhi, IIM Calcutta, IIM Kozhikode, IIM Lucknow, SPJIMR Mumbai, XLRI. |
| Specilaisations | Sales, Marketing, Finance, Human Resources, IT, Operations, Digital Marketing, Business Analytics |
Eligibility Criteria
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 to MBA programs 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 in order to be eligible for MBA courses. 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 MBA 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 cancelled.
- Candidates should have valid scores on MBA entrance exams such as CAT, MAT, XAT, SNAP, NMAT, CMAT, etc, to be selected for MBA course admissions.
- For a general MBA course, it is not mandatory to have work experience. However, candidates must check the selection criteria of their desired college before applying for admission. For Executive MBA courses, it is compulsory to have work experience of 3-10 years, which varies as per the college.
Entrance Exams
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 course 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.
| Entrance Exam Name | Registration Details | Exam Details |
|---|---|---|
| Common Admission Test | Indian Institutes of Management (IIMs) | Once a year |
| Graduate Management Aptitude Test | Graduate Management Admission Council (GMAC) | All around the year |
| AIMS Test for Management Admissions | Association of Indian Management Schools (AIMS) | 4-5 times a year |
| Management Aptitude Test | All India Management Association (AIMA) | Multiple times a year |
| Common Management Admission Test | National Testing Agency (NTA) | Once a year |
| Xavier Aptitude Test | XLRI, Jamshedpur | Once a year |
| NMIMS Management Aptitude Test | Graduate Management Admission Council (GMAC) | Once a year (74-day test window) |
| Symbiosis National Aptitude Test | Symbiosis International (Deemed) University (SIU) | Once a year |
| Indian Institute of Foreign Trade Exam | National Testing Agency (NTA) | Once a year |
| ICFAI Business School Aptitude Test | IFHE, Hyderabad | Once a year |
Specilaisations
There are more than 50 MBA courses and specializations that cater to various industries and fields. Based on their interest, candidates can choose a career path best suited for them. It is important to note that 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 based on their specialization preferences, an MBA college. Meanwhile, others choose the college first and accordingly choose their MBA course. Take a look at the table below to know about some of the most preferred MBA specializations available in India.
Top Ranked Colleges
The table below includes the college list of the best distance learning MBA in India along with the courses offered and the fee structure.
| Institute | Eligibility/Exams Accepted | Total Course Fees (in INR) |
|---|---|---|
| University of Petroleum and Energy Studies (UPES), Dehradun | MBA | 72500 |
| Chandigarh University | MBA | 27650 |
| Indira Gandhi National Open University (IGNOU) | MBA | 31500 |
| Lovely Professional University | PGDM / MBA | 50000 |
| Symbiosis Centre for Distance Learning | PGDM (2-year course) | 37000 |
| Narsee Monjee Institute of Management Studies, Mumbai | PGDBM (2-year course) | 43000 |
| IMT Ghaziabad | PGDM (2-year course) | 88000 |
| SRM University, Chennai | MBA | 30000 |
| Maharshi Dayanand University, Rohtak | MBA | 30000 |
| Annamalai University, Tamil Nadu | MBA | 35000 |
| Amity University | MBA / PGDM | 100000 |
| Bharathidasan University – Centre for Distance Learning | MBA | 30000 |
| GITAM – Centre for Distance Learning, Visakhapatnam (Institute of Eminence) | MBA | 30000 |
| Jain University, Bangalore | 1-year PGDM | 16800 |
| Andhra University (CDL) | MBA | 30000 |
| Acharya Nagarjuna University, Andhra Pradesh | MBA | 30000 |
| Jagannath University, Jaipur | MBA | 25000 |
Top Recruiters For Graduates
Almost every company requires skilled managers to manage all their activities. Some of the major recruiters available for MBA graduates are provided below.
Frequently Asked Questions
Should only individuals interested in leadership roles pursue an MBA course?
An MBA is a versatile and extensive degree with diverse specializations and multiple applications in various professional domains. MBA graduates with good educational backgrounds, excellent communication skills, and creative vision are valuable resources who can get great career opportunities to work in different domains and sectors. Depending on the specialization one has opted for, one can take up roles like Analysts, Consultants, Managers, Developers, Strategists, Advisors, and Planners.
How can an MBA course improve my career prospects?
An MBA can improve a candidate's career prospects in many ways. 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.
Which is better, a full-time MBA or an online MBA program?
A full-time MBA and an online MBA both are good options. If a candidate can invest time in attending regular classes, then a full-time MBA is a better option. However, if you are a working professional or have other responsibilities, then an online MBA is a good option.
Which is better: MBA from the IITs or the newer IIMs?
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.
MBA in India or Abroad: Which is more beneficial?
India has some of the best MBA colleges with international recognition, world-class pedagogy, excellent infrastructure, latest curriculum, lucrative placement opportunities, and more. Pursuing an MBA from IIMs and other top colleges like XLRI Jamshedpur, MDI Gurgaon, and SPJIMR will open a plethora of working opportunities in top corporations with impressive salary packages and other benefits. On the other hand, pursuing MBA abroad has its own perks. With a management degree from a top foreign university, one can work with international organizations and exposure to diverse business practices and management techniques. However, getting an MBA degree abroad is an expensive affair. The tuition fee and living expenses can be heavy on your pockets if you have a strict budget.
What are the requirements for MBA admissions in India?
The requirements for MBA admissions in India include that candidates need to qualify for entrance exams like CAT, XAT, MAT, CMAT, etc. The minimum eligibility qualification is a bachelor's degree with more than 50% marks. Candidates with 3-5 years of work experience post-bachelor's degree can apply for Executive MBA programs.
What is MBA full form?
The MBA full form is Masters of Business Administration. It is an internationally-recognised postgraduate or master's degree in business administration, first originated in the United States in the 19th century.
What is MBA fees?
The MBA fees vary by college as well as the specialisation. The MBA fee in India can vary between Rs. 15,000 and Rs. 35 lakhs per year.
Can you do MBA course after Class 12th?
Yes, an Integrated MBA course is available for candidates after Class 12. Many prominent MBA colleges in India both private and government and few IIMs offer integrated MBA. However, a traditional MBA cannot be done after 12th.
Is MBA a good career option?
Yes, MBA is a good career option. Anyone who has the skills and interest in building a career in the managerial background or wants to enter the business world can opt for MBA as a career option.
What is the duration of MBA course?
Usually, the duration of MBA course is 2 years. But with different types of MBA, the course duration differs. For Executive MBA, the duration is 15-19 months, for online MBA the duration is 2-5 years, and for integrated MBA, the duration is a minimum of 5 years.
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