MBA Admission in Top Universities & Institutes
MBA is one of the most famous post-graduate courses in India and abroad. The full type of MBA is Master of Business Administration. For the majority of the administrative level jobs across domains and sectors a MBA degree is a necessity which is the reason, these days an enormous number of B.Tech, BBA, B.Com, BA, B.Sc, BCA graduates select MBA in post graduation.
MBA admission depends 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). Ordinarily, students are expected to have more than 50% in their graduation degree from any stream to pursue a MBA course. The most well known MBA entrance exams are CAT, GMAT, XAT among others. IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, FMS Delhi, XLRI and ISB are some of the top MBA colleges or Institutes in India which take admission through these tests followed by individual GD-PI rounds. The MBA fee for the most part goes between INR 10-25 lakh relying upon college to college, but there are some extremely famous top universities where the course fee is much lower than INR 10 lakh like FMS Delhi, JBIMS Mumbai among others.
What is MBA?
The MBA course is an academic program oriented towards the management and marketing. It includes subjects, such as Organizational Behavior, Marketing, Principles of Management, Supply Chain Management, Operations Management, and so on. Top recruiters for MBA are Amazon, Apple, Bain and Company, Citigroup, Deloitte, Facebook, Accenture, and so on. The jobs on offer for MBA graduates are for the most part of middle management levels like Finance Manager, Product Manger, Strategy Manager, HR Manager, and so on. On completing the MBA certification, students can get jobs with pay going between INR 8 lakh to INR 30 lakh for each annum.
MBA Course: Key Highlights
- MBA is a famous course since students from any educational background - Science, Commerce and Humanities - can pursue it.
- A standard MBA is a two-year course separated into four semesters. However, there are certain private colleges that offer one-year PGDM programs also.
- One can pursue MBA in different modes, such as, Full-Time, Part-Time, Online and Distance-Education. Interested applicants can also find programs customised in light of their professional experience such as Executive MBA.
- Numerous management institutes offers Post-Graduation Diploma in Management (PGDM), Post-Graduate Diploma (PGD) or Post-Graduate Program (PGP) in Management rather than a MBA degree. There isn't a lot of difference between the two, but for the recognition.
- The full-time MBA is the most famous among all the education modes. Full-time MBA includes theory classes, practical projects, student exchange programmes, summer internships and final placements.
- New alumni as well as candidates with a couple of long periods of work experience select a full-time MBA. A few colleges favor new alumni while certain universities give higher preference to candidates with a couple of long years of work experience.
- On the other hand, the Executive MBA is good for candidates with 5 or more years work experience as it is intended to improve their administrative and leadership skills to remain applicable in the job market.
- Online MBA, Part Time MBA and Distance MBA programs are great for applicants who wish to study while working.
For what reason Do MBA? or Why Do MBA?
The most straightforward answer to this question is - to fast track your profession & career. Given the way that we are possessing an existence where there is a cut-throat competition in business world and job market, one should be equipped with managerial skills and leadership qualities to have the option to add to the organisation or association in more than one way. If you are a specialist in a field, knowing how to deal with a business will be an additional benefit. MBA degree is the key assistant in setting up own business or in exchanging career. Listed below are a couple of benefits of MBA degree:
Better Career Opportunities
- More significant compensation
- Higher Salary
- Developing Industry Network
- Develop Management Skills
- Develop Leadership Qualities
- Global Exposure of Business and Economy
- Entrepreneurial Skill Development
What are the Types of MBA Courses?
MBA course is accessible in different modes and formats. Generally, Full-Time MBA of two years duration has been the famous decision among the management aspirants, but throughout the last few years, Executive MBA and Online MBA have acquired monstrous popularity among applicants owning to adaptability. Read below a few critical features of each kind of MBA:
Full-Time MBA: Full-Time is the normal regular MBA program of two years duration. It is a residential program which includes actual classes, live projects, semester wise examination, summer internship and final placements. There are around 5000 Full Time MBA Government and Private colleges in India. Educational expense ranges between INR 2 lakh to INR 25 lakh on an average.
Part-Time MBA: Part-Time MBA course is definitely not a residential program and the most ideal for working professionals who wish to learn key administrative skills. In Part-Time MBA programs, there is no campus placement or internship opportunities. Both private institutes and government universities offer Part-Time MBA courses. There are around 500 Part-Time MBA universities and colleges in India. Course fee ranges between INR 1 lakh to 10 lakh.
Distance MBA: In Distance MBA the candidate pursues the program via remote communication and correspondence. The course is intended for individuals having restricted time and assets as it is modest and flexible. There is adaptability of completing the course in two to five year. There are more than 490 Distance MBA colleges & universities in India. The most famous being IGNOU.
Online MBA: This is right now the most popular method of MBA program inferable from accommodation and adaptability. In Online MBA, lectures are imparted through video conferencing and the notes, tests, assessments are shared in Learning Management System (LMS). There are no physical classes in Online MBA, in this manner one can pursue a course in one city while living in another. There is also no boundation of going to classes, as the lectures are recorded and saved in the LMS. There are around 170 Online MBA colleges and universities in India which are for the most part private institutions.
Executive MBA: This program is exclusively intended for working professionals with over five years of work experience. The educational program is like Full-Time MBA however it is of a shorter duration (15 to 19 months). Executive MBA programs are very costly and some organizations sponsorship facility to candidates. There are around 440 Executive MBA Institutes in India.
5 Year Integrated MBA: This is a five-year dual degree course which includes UG and PG degree. Integrated MBA degree can be sought after class 12. In this way, candidates who pick the management as their choice of career early on can select Integrated MBA which is a BBA+MBA or B.Tech+MBA program. The Integrated MBA program is offered by top Indian Institutes like IIM Rohtak, IIM Indore, IIM Ranchi, IIM Jammu, IIM Bodhgaya, NMIMS, Xavier University and Nirma University among others.
MBA Abroad
To pursue MBA abroad, candidates need to take a slightly unique course from the traditional one. They need to appear for Graduate Management Aptitude Test (GMAT) and language proficiency tests Test of English as a Foreign Language (TOEFL) and International English Language Testing System (IELTS) for MBA abroad admission. Academic qualification for MBA abroad is same as that of domestic programmes, such as 50% aggregate in graduation or equivalent from a UGC recognized university. Work experience of three to five years is required for most of the MBA courses abroad.
Pursuing MBA abroad is an expensive course. Complete cost of the course can go up to INR 80 lakh to 1 crore. Most well known countries for MBA abroad are UK, USA, Canada, Australia, Germany and New Zealand.
MBA Eligibility Criteria
Full-time MBA eligibility criteria are as per the following:
- The basic qualification standards for MBA (full-time) is graduation in any discipline or equivalent from a UGC recognized Institute or University.
- The majority of the institutions follow the minimum score criteria in Graduation which is 50% in average or equivalent.
- For Reserved class students, the minimum marks is 45% in aggregate.
- Last year graduation candidates are additionally qualified to apply for MBA, provided they present the proof of completion of Graduation degree inside the span specified by the particular Institute or University.
- Professionals with CA/CS/ICWAI and other equivalent degrees can also pursue MBA
MBA Skillset
A manager is supposed to lead a group of experts hence the main 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 Admissions
Admissions to all Business Institutes regularly occur through an entrance test. The test can be one of the following types:
- National Level Test directed by an apex testing body or a top national B-school in the interest of the other partaking universities & colleges. Eg: CAT, MAT, CMAT or ATMA
- State-Level Test directed by a state level testing body or a top state B-school for the other taking part universities in that state. Eg: MAH-CET, OJEE, KMAT, TANCET or APICET
- Institute Level Test led for admission to its own MBA program. In some cases, these scores can be acknowledged as a passing standards by other B-schools too. Eg: XAT, NMAT, SNAP, IBSAT
- Entrance Test conducted by the University or college for admission to MBA programs being offered by colleges that are affiliated to it. Eg: KIITEE, LUMET, HPU MAT
- The qualifying exam is followed by a subsequent level screening round that typically includes WAT-GD-PI directed by the particular University or Institute. Final selection depends on the applicant's general achievements in academics, entrance test and WAT-GD-PI.
What are Top MBA Entrance Exams?
MBA admission to Tier 1 and 2 B-Schools depends on the entrance exam score. Given below is the list of top MBA tests that are valid for admission to different MBA Colleges and Institutes and their application deadlines for the upcoming academic session:
| CMAT | CMAT |
| SNAP | IIFT |
| XAT | MAT |
| NMAT | ATMA |
MBA Admission: Application Deadline
MBA aspirants having relevant entrance test score can apply for admission to b-schools for the ongoing academic session. Some of the famous private B-schools are accepting candidates for their MBA/PGDM courses.
What is the MBA Syllabus?
Students seeking after MBA course are exposed to a range of subjects. In a long term MBA program, students start with core syllabus like Organizational Behavior, Marketing, Principles of Management, to give some examples. In the subsequent year, they are exposed to subjects like Entrepreneurship and Business Law, among others. MBA schools order these subjects as core and electives and allow an opportunity to students to choose between the elective subjects. Listed below are some of the subjects in MBA course:
| 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 |
What are the Top Specializations in MBA?
Aside from the regular MBA course, candidates can seek after MBA with specialization in a specific field. There are numerous MBA specializations accessible to candidates in India. It is suggested that each candidate should choose a branch or specialization in their MBA program since it outfits them better with the requisite skills for explicit domains like Finance, Operations, Human Resources Sales and Marketing, to give some examples. The list of most famous MBA specializations are listed below:
| List of MBA Specializations |
| Finance | Agriculture & Food Business |
| Infrastructure | Advertising |
| Marketing | Materials Management |
| International Business | NGO Management |
| Sales | Oil & Gas |
| Disaster Management | Pharma |
| Human Resources | Retail |
| Energy & Environment | Project Management |
| Operations | Rural Management |
| Import & Export | Sports Management |
| Product | Supply Chain |
| IT & Systems | Telecom |
| Business Analytics | Textile Management |
| Healthcare & Hospital | Transport & Logistics |
| Digital Marketing | Forestry |
| Business Economics | Public Policy |
| Entrepreneurship | Hospitality |
What are the Top MBA Colleges in India?
There are around 5,000 MBA colleges and institutes in India. One can choose a MBA school of their choice basis their interest in a specific MBA specialization, area, fees, infrastructure, placements and marks scored in an entrance exam. The greater part of the highest level and Tier-1 MBA schools are difficult to get into, as their selection criteria are exceptionally severe. They choose the best from the best, so one needs to really work hard in clearing CAT or GMAT with great scores, as a matter of fact.
MBA Career Scope: Jobs Roles and Salary
A MBA degree holder gets jobs which include team lead and administrative responsibility of the division. A manager’s job profile comprehensively includes planning, strategising, execution, leading the team, liaison with clients, coordinating with other departments, delegation of work and responsibilities, reporting to higher authorities regarding projects undertaken. Given below are some of the popular job options after MBA and their corresponding salaries:
| MBA Jobs | Average Salary (INR) |
| Finance Manager | 9.6 LPA |
| Marketing Manager | 10 LPA |
| Sales Manager | 10 LPA |
| Human Resources Manager | 4 LPA |
| Operations Manager | 7 LPA |
| Product Manager | 15 LPA |
| Data Analytics Manager | 14 LPA |
| Digital Marketing Manager | 4.5 LPA |
| Advertising Sales Manager | 8.5 LPA |
| NGO Manager | 5 LPA |
| Project Manager | 13 LPA |
| Telecom Manager | 7 LPA |
| Transport & Logistics Manager | 6 LPA |
| Infrastructure Manager | 11 LPA |
| International Business Manager | 9 LPA |
| Risk Manager | 10 LPA |
Scope of MBA: Top Companies and Recruiters
The Scope of MBA is gigantic or huge in the present job market. MBA graduates are popular in each industry and in each domain. The greater part of the MBA institutes give campus placement to their students on completion of the full-time MBA course for a smooth start of their career.
All organizations, huge or little, private or government, recruit MBA degree holders in different limits. The following is the list of some of the top organizations that recruit MBA graduates through campus placements:
| MBA Scope: Top Companies |
| BCG | Citibank |
| Deloitte | ITC |
| Avendus | Samsung |
| Mahindra | ITC |
| Reliance | Vodafone |
| ICICI Bank | EXL |
| HDFC | Larsen & Tubro |
| JP Morgan Chase & Co. | HSBC |
| PWC | Philips |
| McKinsey & Company | Nestle |
| Aditya Birla Group | Cipla |
| RPG | Flipkart |
| Tata | Wipro |