MBA is one of the most popular post-graduate courses in India and abroad. The full form of MBA is Master of Business Administration. For most of the managerial level jobs across domains and sectors an MBA degree is a necessity which is why, nowadays a large number of BTech, BBA, BCom, BA, BSc, BCA graduates opt for MBA in post graduation.
MBA admission is based 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). Typically, students are required to have more than 50 per cent in their undergraduate degree from any stream in order to pursue an MBA course. The most popular 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 in India which take admission via these exams followed by individual GD-PI rounds. The MBA fee generally ranges between INR 10-25 lakh depending on college to college, however there are certain very popular top colleges where the course fee is much lower than INR 10 lakh like FMS Delhi, JBIMS Mumbai among others.
The MBA course is an academic programme oriented towards management and marketing. It includes subjects such as Organisational Behaviour, Marketing, Principles of Management, Supply Chain Management, Operations Management, etc. Top recruiters for MBA are Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, Accenture, etc. The roles on offer for MBA graduates are generally of middle management levels such as Finance Manager, Product Manger, Strategy Manager, HR Manager, etc. On completing the MBA degree, students can get jobs with salary ranging between INR 8 lakh to INR 30 lakh per annum.
MBA is a two-year degree course which can be pursued only after completing graduation. Given below is the table indicating key highlights of MBA course:
Features |
Details |
---|---|
Course Name |
MBA |
MBA Full Form |
Master of Business Administration |
Course Level |
Post Graduation |
Types of MBA |
Full-Time MBA, Part-Time MBA, Distance MBA, Online MBA, Executive MBA and Integrated MBA |
MBA Course Fee |
INR 2 lakh to 27 lakh and above |
MBA Admission Process |
Entrance Exam+ Group Discussion+ Personal Interview |
Top MBA Entrance Exams |
CAT, MAT, XAT, CMAT, NMAT, ATMA, IIFT, IBSAT |
Top MBA Colleges |
There are 5000+ colleges in India offering Full-Time MBA. Most popular colleges include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, FMS Delhi, SPJIMR Mumbai, XLRI, IIM Indore, IIM Kozhikode among others |
Top MBA Specialisations |
Sales, Marketing, Operations, Finance, Human Resources, Digital Marketing and Business Analytics |
Average Salary post MBA |
INR 5 lakh to 25 lakh per annum |
Top Recruiters post MBA |
Boston Consulting Group, Mckinsey, Bain & Co, Morgan Stanley, Citibank, JP Morgan Chase, Amazon, Facebook, Google, Adobe, etc. |
MBA is a popular course because students from any background - Science, Commerce and Humanities - can pursue it.
A regular MBA is a two-year course divided into four or six semesters. However, there are certain private institutes that offer one-year PGDM programmes as well.