What is MBA? MBA Degree,MBA courses ,MBA finance,best business schools,master of business administration,top business schools,MBA colleges everything is answered in detailed ?

What is MBA?  MBA Degree, MBA courses, MBA finance, best business schools, master of business administration, top business schools, MBA colleges everything is answered in detail?

                                 

What is an MBA (Masters of Business Administration)?

Master of Business Administration or MBA is one of the most popular post-graduate programs in India and abroad. The two-year program is a gateway to a plethora of job opportunities in the corporate world. Here are some important facts about the MBA program:

• What makes MBA such a popular course is that students from any background - including Science, Commerce, and Humanities - can pursue it.
• A regular MBA or Post-Graduation Diploma in Management (PGDM) is generally a two-year course divided into four or six semesters. However, certain private institutes offer one-year PGDM programs as well.
• One can pursue MBA in various modes, such as Regular, Online, and Distance-Education. Interested candidates can also find programs customized based on their professional experience such as Executive MBA.
• Many management institutes offer Post-Graduate Diploma (PGD) or Post-Graduate Programme (PGP) in Management instead of an MBA degree. There is not much difference between the two, but for their titles. 

• The full-time MBA is the most popular among all and includes theory classes, practical projects, and internships.
• Fresh graduates, as well as candidates with a few years of work experience, opt for a full-time MBA. Some colleges prefer fresh graduates while some colleges give higher preference to candidates with a few years of work experience. 
• On the other hand, the Executive MBA is fit for candidates with more than 5 -10 years of work experience as it is designed to enhance their managerial and leadership skills to stay relevant in the job market.
• Online MBA, Part-Time MBA and Distance MBA programs are ideal for candidates who wish to study while working.

MBA eligibility

Full-time MBA eligibility criteria are as follows: 

• The basic eligibility criteria for MBA (full-time) is Graduation in any discipline or equivalent from a recognized university
• Most of the institutes follow the minimum score criteria in Graduation which is 50 percent on average or equivalent. For Reserved category students, the minimum score in 45 percent in aggregate
• Final-year Graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of Graduation degree within the duration specified by the institute

MBA Admissions

Admissions to all B-schools typically take place through an admission test. This test can be one of the following types:

• National Level Test conducted by an apex testing body or a top national B-school on behalf of the other participating colleges. eg: CAT, MAT, CMAT or ATMA
• State Level Test conducted by a state-level testing body or a top state B-school on behalf of the other participating colleges in that state. eg: MAH-CET, OJEE, KMAT, TANCET or APICET
• Test conducted by a B-school for entrance to its own MBA program. In some cases, these scores can be accepted as a qualifying criterion by other B-schools as well. eg: IIFT, XAT, NMAT, SNAP, IBSAT
• Test conducted by a university for entrance to MBA programs being offered by colleges that are affiliated to it. eg: KIITEE, HPU MAT

The qualifying exam is usually followed by a second-level screening round that could be a group discussion or a personal interview conducted by the college that the student has qualified for. 

Amrita School of Business - Applications open. Campuses in- Coimbatore, Bangalore, Kochi, Amritapuri. Highest CTC: 28.4 LPA & Avg. CTC: 6.62 LPA - Apply Now

Jaipuria Inst. of Mgmt - Up To 50%* Scholarships On Cat Scores | 24 years of excellence | Top Recruiters: Amul, Asian Paints, Colgate and more - Apply Now

ITM Business School - Top CTC 22LPA | Top 14 in B-School of Super Excellence By GHRDC-CSR B-School Survey 2017 - Apply Now

Top MBA entrance exams

Given below is the list of top MBA exam scores that are valid for admission to various B-schools.

CAT	XAT
CMAT	MAT
SNAP	NMAT

Popular MBA Specializations

MBA Finance	MBA Marketing
MBA IT	MBA HR

MBA Skillset

A manager is expected to lead a team of professionals hence the most important skills for a successful manager are good communication and leadership qualities. Take a look at some of the skills required for MBA/PGDM, below:

Full-time MBA: Required Skillset
Business acumen	Good communication skills
Problem-solving Skills	Management skills
Strong mathematical skills	Research-oriented
Analytical thinking	Leadership qualities
Eye for detail	Goal-oriented & ability to work under pressure

MBA courses and specializations

Apart from the generic MBA course, there are many MBA specializations available to candidates. It is recommended that every candidate must choose a branch or specialization in their MBA program since it equips them better with the requisite skills for specific domains such as finance, operations, human resources, marketing, to name a few.

Some of the most popular MBA specializations are listed below:

MBA/PGDM specializations
Finance	Infrastructure
Marketing	International Business
Sales	Disaster Management
Human Resources	Energy & Environment
Operations	Import & Export
Product	IT & Systems
Business Analytics	Healthcare & Hospital
Digital Marketing	Business Economics
Entrepreneurship	Agriculture & Food Business
Advertising	Materials Management
NGO Management	Oil & Gas
Pharma	Retail
Project Management	Rural Management
Sports Management	Supply Chain
Telecom	Textile Management
Transport & Logistics	Forestry
Public Policy	Hospitality

MBA Subjects

Students pursuing an MBA program are exposed to a range of subjects. In a two year program, students begin with core subjects such as Organisational Behaviour, Marketing, Principles of Management, to name a few. In the second year, they are exposed to subjects such as Entrepreneurship and Business Law, among others. Often MBA schools classify these subjects as core and electives and give a chance to students to choose between the elective subjects. Listed below are some of the subjects that most MBA courses offer: 

• Marketing
• HR management
• Business planning
• Finance management
• Principles of management
• Business laws
• Communication skills
• Entrepreneurship
• Business Communication
• Computer Application
• Organizational behavior
• Taxation
• Retail management
• Project work
• Economics
• Business environment

The regular MBA course is a two-year program divided into four-six terms/semesters. Listed below are the semester-wise MBA subjects for a general course:

MBA Semester I Syllabus
Organizational Behaviour	Marketing Management
Quantitative Methods	Human Resource Management
Managerial Economics	Business Communication
Financial Accounting	Information Technology Management

MBA Semester II Syllabus
Organization Effectiveness and Change	Management Accounting
Management Science	Operation Management
Economic Environment of Business	Marketing Research
Financial Management	Management of Information System

MBA Semester III Syllabus
Business Ethics & Corporate Social Responsibility	Strategic Analysis
Legal Environment of Business	Elective Course

MBA Semester IV Syllabus
Project Study	International Business Environment
Strategic Management	Elective Course

 View Top MBA Colleges by Location

Delhi/NCR	Chennai	Andhra Pradesh
Mumbai	Kolkatta	Karnataka
Bangalore	Maharastra	Kerala
Pune	Uttar Pradesh	All Locations >>

View Top MBA Colleges by Exam

Colleges Accepting CAT	Colleges Accepting ATMA
Colleges Accepting MAT	Colleges Accepting GMAT
Colleges Accepting XAT	Colleges Accepting MAHCET
Colleges Accepting CMAT	Colleges Accepting TANCET MBA
Colleges Accepting NMAT by GMAC	Colleges Accepting OJEE

MBA/PGDM Jobs and Career Opportunities

An MBA degree holder is expected to take up the managerial responsibility of the department they are hired for. A manager’s job profile broadly includes planning, strategizing, execution, leading the team, liaison with clients, coordinating with other departments, the delegation of work and responsibilities, reporting to higher authorities regarding projects undertaken.

MBA jobs	Average salary per annum (Rs in lakh)
Finance Manager	9.6
Marketing Manager	10
Sales Manager	10
Human Resources Manager	4
Operations Manager	7
Product Manager	15
Data Analytics Manager	14
Digital Marketing Manager	4.5
Advertising Sales Manager	8.5
NGO Manager	5
Project Manager	13
Telecom Manager	7
Transport & Logistics Manager	6
Infrastructure Manager	11
International Business Manager	9
Risk Manager	10
Energy & Environment Manager	6
Import & Export Manager	6
IT & Systems Manager	7
Healthcare & Hospital Manager	4
Materials Manager	6
Retail Manager	5
Supply Chain Manager	8
Public Policy Manager	7

*The salary data has been obtained from Payscale.com

Scope of MBA: Top Companies

The scope of an MBA is huge in the current job market. MBA graduates are in high demand in every industry and in every domain. Most of the MBA institutes provide campus placement to their students on completion of the full-time MBA course for a smooth beginning of their career.

All organizations, big or small, private or government, hire MBA degree holders in various capacities. Below is the list of some of the top companies that hire MBA graduates through campus placements.

MBA: Top Companies
BCG	Citibank
Deloitte	ITC
Avendus	Samsung
Mahindra	ITC
Reliance	Vodafone
ICICI Bank	EXL
HDFC	Larsen & Turbo
JP Morgan Chase & Co.	HSBC
PWC	Philips
McKinsey & Company	Nestle
Aditya Birla Group	Cipla
RPG	Flipkart
Tata	Saint Gobain
TAS	Crisil
Wipro	Credit Suisse
Microsoft	Bajaj
Accenture	Infosys
Microland	GAR
Amazon	Pidilite
Asian Paints	McKinsey&Company

FAQs related to MBA course 

Q: Which MBA course is the best?

A: All of MBA courses or specializations have bright prospects for students in the field of business management. However, the best MBA course depends solely on the candidates and their interests. Some of the best MBA courses in India are MBA in Sales & Marketing, an MBA in Operations, MBA in HR, MBA in Finance and an MBA in Information Technology.

Q: Which are the top MBA colleges in India?

A: The IIM A, B, and C are considered top MBA colleges in India. Apart from these three MDI, FMS, SPJIMR, IMT, JBMIS, NMIMS, IBS, GIM, GLIM and others. For the list of all top MBA colleges in India,.

Q: What is the eligibility criteria for MBA?

A: Eligibility criteria for MBA is Graduation. However, Many colleges prescribe minimum marks in aggregate in Graduation ( 50% for General and 45 percent for SC/ST candidates).

Q: How can I get admission in MBA course?

A: The MBA admission process includes an entrance exam, group discussion, and personal interview. Many colleges offer admission based on graduation scores only. To get admission in MBA course, the candidate will have to fill an application form and follow the admission process.

Q: Do I need to appear for the entrance exam for MBA?

A: Most of the Tier-1 and Tier-2 MBA institutes in India accept candidates based on the MBA entrance exam score. So, if you want to pursue MBA from a reputed MBA college, taking an entrance exam is a must.

Q: What is the duration of the MBA course?

A: MBA course is for two years, divided into four semesters. This course duration also includes a summer internship after the first year.

Q:  I have a Bachelors in Arts degree. Which MBA specialization is best for me?

A: The most suitable MBA specialization for Bachelors in Arts degree holders are HR, Sales & Marketing, Tourism & Hospitality, Entrepreneurship, and General MBA.

Q: Can I pursue an MBA through correspondence?

A: Yes, many universities like IGNOU, Annamalai University, and Osmania University offer MBA programs in correspondence (distance education mode).

Q: Will I get a good placement after completing the MBA course?

A: Yes, most of the MBA colleges provide placement to its students at the end of the course. To ensure, you get a placement, check whether the college you shortlist for admission has a placement cell or not. Also, check their placement reports to know which companies participate in campus placement.

Q: What is the difference between MBA and PGDM?

A: After completing the MBA course, the student gets a degree while after completing PGDM, the student gets a diploma. 

Difference between PGDM, PGPM, and MBA:

PGDM:

• Program Type: Usually, 2 years full time. One year PGDM is not equivalent to MBA.
• Academic Focus: Basic foundation plus practical training keeping up with industry demands.
• Cost: Generally, more expensive than a university MBA. SP Jain PGDM costs INR 16 lakhs ($25k) for its full academic fee of two years.
• Eligibility: Much like the MBA degree, it too requires an undergraduate degree with a minimum score, group exercises, personal interviews, written ability tests, CAT score. The selection is contingent on a weighted combination of these plus factors like gender and work experience in a managerial role.
• Institutes: The Indian Institute of Management [IIMs], XLRI, SP Jain Institute of Management, and more.

PGPM:

• The PGPM is not an AICTE recognized diploma or course. It is essentially an award or certification for one year. In that sense, it doesn’t feed into your qualifications towards, say, a Ph.D. It is also quite flexible and can be designed to suit the needs of the current relevant industry needs.
• For instance, Great Lakes offers a PGPM program for one year, geared towards experiential learning, peer participation, and it is taught in collaboration with international faculty.
• Eligibility requirements mandate either of GMAT/CAT/XAT/CMAT scores, an excellent academic record from a recognized institution, essays, and a minimum work experience (specified by the school). The Great Lakes PGPM costs about INR 15 lakhs.

MBA:

• Program Type: 2-year Degree course.
• Academic Focus: The curriculum, in MBA programs in India, tends to be more technical and theoretical.
• Cost: An MBA program, in India, is significantly cheap, especially if directly granted by a university. Affiliated programs are maybe somewhat more expensive but still far more reasonable than international MBA degrees. In any case, an MBA is still cheaper than PGDM. In the interest of clarity, an MBA from the Faculty of Management Studies (University of Delhi), will cost an academic fee of about INR 1,00,000 ($1,500), for the entire program.
• Eligibility:
  • Undergraduate from a recognized university, an institution of national importance, or a foreign university with blessings from the Association of Indian Universities [AIU]. Candidates should have secured a minimum score of 50%.
  • Some form of aptitude test, such as the Symbiosis National Aptitude Test [SNAP], the Common Entrance Test [CET] conducted by the Government of Maharashtra as part of their Centralized Admission Process, or even the scores of CAT, CMAT, GMAT, MAT, XAT, ATMA, etc.
  • Candidates are well-advised to research the university-specific aptitude testing criteria. Final selection is contingent on success in group exercises, interviews, writing ability test, and previous academic record.
• Institutes: Symbiosis Institute of Management (Pune), Faculty of Management Studies (University of Delhi), Mumbai University, Savitribhai Phule Pune University.

MBA Job Opportunities:

The various types of job opportunities available for a graduate in Master of Business Administration [MBA] are:

• Account Manager
• Corporate Treasury
• Brand Manager
• Business Operations
• Card Payments Operations Head
• Credit Analysis
• Equity Research Analysts
• Relationship Management
• HR Generalist Business Partner
• Corporate Banking
• Management Consultant
• Trade Finance Services
• Marketing Manager
• Risk Analytics
• IT Services Marketing Head
• Wealth Management
• Project Managers
• Branch Banking & Credit
• Recruitment Manager
• Commercial Credit
• Vice President - Investment Banking
• Equity Research
• Zonal Business Manager - Telecom
• Strategic Business
• Investment Banking

MBA Course Salary:

The average course salary offered to a graduate of Master of Business Administration [MBA] is INR 6.56 L per annum. This amount varies as per industry, seniority, experience, and diligence at the workplace.

List of MBA Colleges:

The top colleges in India to pursue a course in Master of Business Administration [MBA] are as follows:

SI.No.	Name of the College
1	Indian Institute of Management [IIM Ahmedabad]
2	Indian Institute of Management [IIM Bangalore]
3	Indian Institute of Management [IIM Calcutta]
4	Indian Institute of Management [IIM Lucknow]
5	Indian Institute of Management [IIM Kozhikode]
6	Indian Institute of Management [IIM Delhi]
7	Indian Institute of Technology [IIT Kharagpur]
8	Indian Institute of Technology [IIT Roorkee]
9	XLRI - Xavier School of Management [XLRI Jamshedpur]
10	Indian Institute of Management [IIM Indore]

Distance MBA:

The most prestigious distance Master of Business Administration [MBA] colleges in India are:

Sl. No.	Name of the College
1	Indira Gandhi National Open University [IGNOU] New Delhi
2	Symbiosis International University [SIU] Pune
3	ICFAI Business School [IBS] Hyderabad
4	Sikkim Manipal University [SMU] East Sikkim
5	Dr. Hari Singh Gour University [DHSGU] Sagar
6	Annamalai University Distance Education
7	Amity University, Distance and Online Education
8	Bharathidasan University [BU] Tiruchirappalli
9	Alagappa University Distance Education
10	MIT School of Distance Education [MITSDE] Pune

MBA Courses List:

In India, the following courses under the broad spectrum of Master of Business Administration [MBA] are followed in their curriculum:

• Decision Sciences
• Economics and Social Sciences
• Entrepreneurship
• Finance and Accounting
• Information Systems
• Marketing
• Organizational Behaviour and Human Resources Management
• Production and Operations Management
• Public Policy
• Strategy
• Hospitality and Tourism Management
• Logistics and Supply Chain Management
• Food and Agricultural Business Management
• General Management
• Law
• Pharmaceutical Management
• Social Entrepreneurship
• Entrepreneurship and Family Business
• Airline and Airport Management
• Real Estate Construction and Management
• Hospital and Healthcare Management
• Telecom
• Digital and Social Media Marketing
• Event Management
• Corporate Communication and Public Relations

MBA Entrance Exams:

The aspirants of Master of Business Administration [MBA] have to prepare for a series of grueling examinations to prove their credentials and gain admission into the top MBA colleges in the nation by dint of merit:

1. Common Admission Test [CAT]: This is the important exam conducted by the Indian Institute of Management(s) [IIMs) and is preferred as the qualifying exam by most top management institutes and B-schools in India.
2. Xavier Aptitude Test [XAT]: Final year students and students with Bachelor's degrees can apply for this exam, conducted by the Xavier School of Management.
3. Graduate Management Aptitude Test [GMAT]: Conducted by the Graduate Management Admission Council [GMAC], this exam is the qualifying examination for admission into colleges governed by GMAC.
4. Common Management Admission Test [CMAT]: Conducted by the All India Council for Technical Education [AICTE], this exam is widely accepted as a qualifying exam by a large number of government-sponsored management and business institutes in India.
5. Management Aptitude Test [MAT]: Conducted by the All India Management Association [AIMA], this exam is also considered as a hallmark for admission into government colleges and universities in courses such as MBA.
6. AIMS Test for Management Admissions [ATMA]: Conducted by the Association of Indian Management Schools [AIMS], the exam is accredited by the MHRD and is convened by several colleges for admission into their management courses.
7. NMIMS Management Aptitude Test [NMAT]: Conducted by the Narsee Monjee Institute of Management Sciences [NMIMS), this exam is considered as the qualifying exam for the institutes and universities under the tutorship of Narsee Monjee group of institutes for their MBA course.
8. Symbiosis National Aptitude Test [SNAP]: Conducted by Symbiosis International (Deemed University), this exam is the qualifying exam for the management courses in Symbiosis University.
9. Indian Institute of Foreign Trade [IIFT]: Conducted by the IIFT, this exam is the benchmark for admission into the IIFT group of colleges for their management and business programs.
10. Institute of Rural Management Anand [IRMA]: Conducted by the IRMA, this examination is the hallmark for admission into the IRMA college and is taken as the qualifying exam for their management and business courses.
11. MICA Admission Test [MICAT]: Conducted by MICA Ahmedabad, this examination is the benchmark for admission into the MICA group of colleges in Ahmedabad into their management and business courses.

MBA Course Preparation Tips:

Here are a few common preparation tips candidates should follow to clear the entrance exams for Master of Business Administration [MBA]; they are:

• Knowledge of the exam paper pattern: The paramount step in preparing well for the entrance exam is a deep-rooted understanding and comprehension of the paper pattern and the syllabus.

• Effective time management: Focus points should be kept in mind, with particular emphasis on weaker subjects and the daily practice of numerical problems. A timetable should be drawn and the candidate should follow the timetable with dedication and diligence.
• Enrolling in coaching institutes: A coaching class or a tutor especially for clearing the entrance exam is a bonus as the teacher will help a candidate to focus on weaker zones and will aid in practice and comprehension of topics.
• Practice makes perfect: Candidates should practice and revise before the exam so that it reduces the unnecessary pressure one day before the examination.

MBA Subjects:

The core and elective subjects followed in the curriculum of the Master of Business Administration [MBA] course are listed below. While the subject list may vary from college to college, the crux of the subject composition remains the same for most colleges in India.

Sl.No.	MBA Core Subjects
1	Management Theory and Practice
2	Strategic Management
3	Accounting and Financial Management
4	Marketing Management
Plus four of the following restricted electives
6	Business Economics
7	Corporate Finance
8	Human Resource Management
9	Research Methods
10	Leadership and Entrepreneurship
11	Management of Change
12	Managing for Sustainability

The elective subject list listed in the MBA curriculum is as follows:

Sl.No.	MBA Elective Subjects
1	Management Accounting for Costs and Control
2	Financial Accounting
3	Current Developments in Accounting Thought
4	Accounting Systems and Processes
5	Financial Accounting 2
6	Auditing
7	Communication in Business
8	Business Economics
9	Corporate Finance
10	Financial Markets and Instruments
11	Investments Analysis
12	Financial Planning
13	Human Resource Management
14	Research Methods
15	International Human Resource Management
16	Advanced Studies in Industrial Relations
17	Strategic Human Resource Development
18	Organizational Behaviour
19	Training and Development Environment
20	ICT Project Management
21	IT Infrastructure Management PG
22	IT Management Issues
23	IT Risk Management
24	ICT Project Management
25	IT Management Issues
26	IT Risk Management
27	Business and Corporations Law
28	Taxation 1
29	Leadership - A Critical Perspective
30	Management of Change
31	Managing for Sustainability
32	Customer Behaviour
33	Managing Project and Service Innovation
34	Global Marketing
35	Integrated Marketing Communications

MBA Course Fees:

The average MBA course fees in India varies in the range of INR 3 lakhs-10 lakhs per annum. This amount may vary depending on the prestige and position of the institute concerned, the infrastructure, faculty as well as government quotas.

MBA Course Syllabus

The course syllabus followed by the Master of Business Administration [MBA] curriculum throughout the 2-year course is as follows. While this syllabus may vary slightly as per university, the core of the syllabus is maintained.

MBA Syllabus- Semester 1
Sl. No.	Syllabus
1	Finance for Non-Finance
2	Joy of Management
3	Micro-Economics
4	Business Statistics
5	Marketing and Consumer Behaviour
6	Excel Spreadsheet Modelling
7	Organizational Behaviour
8	Marketing of Products and Services
9	Financial Reporting and Analysis
10	Business Research Methodology
11	Operation Research
12	Macro Economics & Policy
13	Business Communication & Presentation Skills

MBA Syllabus- Semester 2
Sl. No.	Syllabus
1	Costing Products and Services
2	Synthesizing and Analyzing Data using R
3	Managing Operations and Supply Chain
4	Human Resource Management
5	Indian Banking and Financial Markets
6	Indian Economy in the Global Context
7	Managing Stakeholders and Legal Processes
8	Managing Financial Resources
9	Bringing Ideas to Market
10	Strategic Management
11	Project Management
12	Data Science Using R and Python

MBA Syllabus- Semester 3
Sl. No.	Syllabus
1	Management of Design
2	Business Model and Intellectual Property
3	Leveraging IT for Business
4	Corporate Governance and Social Responsibility
5	Analyzing and Mitigating Risk
6	Applied Business Research
7	Problem Solving and Consulting Skills

MBA Syllabus- Semester 4
Sl. No.	Syllabus
1	Capstone Simulation
2	Ethics and Indian Ethos
3	Integrated Decisions Making
4	Leadership Development
5	Applied Business Research Project