Faculty of Management Studies

MBA

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. 

What is MBA?

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 Course Overview

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:

MBA Course: Key Highlights

• 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.

• One can pursue MBA in various modes, such as, Full-Time, Part-Time, Online and Distance-Education. Interested candidates can also find programmes customised based on their professional experience such as Executive MBA
• Many management institutes offer or Post-Graduation Diploma in Management (PGDM), 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 the recognition.

• The full-time MBA is the most popular among all the education modes. Full-time MBA includes theory classes, practical projects, student exchange programmes, summer internships and final placements.
• 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 5 plus years 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 programmes are ideal for candidates who wish to study while working.