MBA full form is Master in Business Administration. It is a 2-year postgraduate course concentrated on business administration. The major MBA subjects impart knowledge of different areas of business administration, such as Management, Entrepreneurship, Finance, Marketing, Accounting, Business Communication, Business Ethics, Human Resources, Business Law, Business Strategy, Managerial Economics, Supply Chain Management, Operations Management, Strategic Management, and Applied Statistics. MBA is the most popular and the highest achievable degree in the Management field, opted by millions of students every year around the world.

In India, accreditation bodies like the All India Council for Technical Education (AICTE) and the University Grants Commission (UGC) ensure the consistency and quality of Management education across all the colleges and universities. Various B-schools around the world offer full-time MBA course, part-time, executive (evening & weekend MBA programme), and distance learning MBA in a wide range of specializations. MBA admission is done on the basis of entrance exam scores and academic background. The best MBA colleges in India include IIMs, MDI Gurgaon, JBIMS Mumbai, IIFT Delhi, SIMSREE Mumbai, and XLRI Jamshedpur among others. The total course fees generally range between INR 5 lakh and INR 25 lakh.

From Marketing to Tourism and Healthcare, every economic sector today has a need for qualified managers and offers a wide range of MBA jobs like Finance Manager, Marketing Manager, Media Planner, Product Manager, Sales Manager, etc. The average salary for freshers can range between INR 2-4 lakhs per annum, depending on the specialization they have pursued and the industry where they are looking for employment. A professional with an experience of 4-5 years, can easily get an MBA salary between INR 7-15 LPA. Senior or Executive level MBA jobs offer a salary package between INR 20-30 lakhs per annum. Read further for more information about the MBA course.

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The full form of MBA is Master of Business Administration (also known as Master in Business Administration). MBA is a post-graduate degree that can enhance an individual’s skills and abilities and make them competent enough to work at managerial levels, thereby opening doors to countless career opportunities. Admission to top MBA colleges is done based on MBA entrance exams and a bachelor’s degree in Business Administration or any other stream.

MBA is an internationally acclaimed degree preferred by individuals who wish to gain knowledge of business practices. Here are a few top reasons to choose an MBA:

Developing Managerial Skills

MBA programme helps develop business acumen and managerial skills and prepares a candidate to perform various managerial duties. An MBA degree also instills communication, analytical, logical, comprehension, and various other crucial skills.

Better Career Opportunities

With an MBA from a well-recognized institute, one can find high-paying in some of the biggest organizations not just in India but abroad as well. Many working professionals do MBA to boost their careers and grab better career opportunities.

Developing Leadership Skills

With an MBA degree, one can acquire leadership roles in top companies across the world. It prepares a candidate to lead a team, convey his ideas clearly to the team members, make decisions that can impact hundreds of people, and keep the functioning and operations of the business intact.

Entrepreneurial Skill Development

An MBA helps students understand how a business works and what contributes to its success; thus, preparing them for entrepreneurial roles and starting their own company.

Lucrative Salary & Great Benefits

Students are offered exceptional salary packages between 20-50 lakhs per annum after graduating from an MBA course from a well-established college or university. Through IIM placements, one can even get a package of 90 lakhs per annum and above.

Global Exposure to Business and Economy

Professionals working in the Management sector are exposed to businesses and economies of various nations. One can learn about global business administration and management techniques by taking up jobs after MBA.

Online MBA course is a great option for those who don’t have time to attend classes due to various responsibilities. If you are a working professional who can’t invest time in a full-time MBA program or just need to get a degree from the comfort of your home, then you enroll in the online course. The classes are conducted online and the recorded lectures are also available.

The curriculum is designed specially to ensure one grasps the core values of the course and also develops the necessary skills. Candidates can take admissions from any city to any desired college around the country by filling out the application form. IGNOU, Chandigarh University, LPU, and Symbiosis Centre for Distance Learning are some of the top institutes for online MBA. The annual course fees start from INR 40,000 to INR 2 lakhs, approximately.

MBA (Master of Business Administration) and PGDM (Post Graduate Diploma in Management) are both postgraduate business management programs. But there are some key differences between MBA and PGDM discussed in the table below.

Have a look at the types of MBA courses available:-

Candidates must make sure they check the specific eligibility criteria for an MBA course at their preferred MBA college before applying for admission. The basic MBA eligibility criteria have been mentioned below:

• Academic Qualification: Candidates must have completed graduation in any stream from a recognized board. The minimum aggregate for General Category students is 50-60% (5% relaxation for Reserved categories).
• Final-Year Students: Final-year students can also apply. However, admission is subject to the final exam results of their UG. If the candidate does not score the minimum aggregate, their admission will be revoked.
• Entrance Exam Scores: A valid scorecard of any entrance exams such as CAT, MAT, XAT, SNAP, NMAT, CMAT, etc. (whichever is applicable) is required.
• Work Experience: It is compulsory to have work experience of 3-10 years for an Executive MBA.

• Leadership
• Communication
• Critical Thinking
• Creativity
• Teamwork
• Flexibility
• Resilience
• Self Awareness
• Integrity

The basic admission process for MBA courses consists of certain phases that are similar across a majority of management institutes. Here are the stages that every MBA candidate must go through to seek admission into an MBA.

• The first step is to apply for the MBA entrance exams accepted by the colleges one is seeking admission to. Check all the requirements of the entrance exam and ensure you meet them.
• If you qualify for the entrance exam and meet the minimum cutoff, you will be called for selection rounds. Students need to register to take part in the counselling and fulfil all the requirements.
• Based on the entrance exam scores, candidates are shortlisted and called for Group Discussions, Written Ability Test, or Personal Interview rounds. MBA colleges offering direct admissions to MBA, on a merit basis also conduct personal interview rounds.
• After evaluating candidates based on entrance exam scores, GD/PI performance, academic performance, and work experience (if any), the final list of selected students will be declared.
• Those who have been allocated a seat in the MBA college will be required to do the reporting (offline or online) and pay the admission fees.

Although the admission process for MBA across India is similar, there are a few requirements that might change as per the state. Here are the details of the admission process followed in different states in India:

MBA Admissions in Delhi

The MBA colleges in Delhi accept the entrance exams conducted at the national level such as CAT, MAT, CMAT, etc. Jamia Milia Islamia and the Indian Institute of Foreign Trade (IIFT) conduct their own entrance exams. There are no state-level entrance exams conducted by the state government of Delhi.

MBA Admissions in Maharashtra

Directorate of Technical Education, Maharastra conducts a state-level entrance known as the MAH MBA CET. 70-80% of colleges in Mumbai accept MAH MBA CET exam scores for admission. Also, some institutes conduct their own entrance exams such as the TISSNET, NMAT by GMAC, etc. to offer MBA admission in Maharashtra Candidates must check the requirements of the college before applying for it.

MBA Admissions in Telangana

Candidates are shortlisted for MBA admission in Telangana through national-level entrance exams or the state-level entrance exam. The state authority conducts, the TS ICET exams annually for admissions to the management courses available at the colleges in Telangana.

MBA Admissions in Andhra Pradesh

One can get MBA admission in Andhra Pradesh by qualifying for national or state-level MBA entrance tests. Most of the B-Schools in the state accept the score of AP ICET (Andhra Pradesh Integrated Common Entrance Test), a state-level exam conducted by Andhra University on behalf of APSCHE.

MBA Admissions in Karnataka

Colleges in Karnataka accept national-level entrance exam scores or state-level KMAT exam scores as the first stage of the selection process. However, some private colleges also accept direct admissions based on previous education records.

MBA Admissions in West Bengal

MBA admission in West Bengal is generally based on national-level entrance exams. Most colleges accept CAT and MAT entrance exam scores. Meanwhile, some other colleges in West Bengal accept state-level entrance exam JEMAT scores.

Direct admission into MBA without entrance exams is offered by most of the private MBA colleges and deemed universities in India. The admission process is very simple and candidates don’t have to go through various stages. Check the eligibility criteria and admission process without an MBA exam.

• Candidates should have completed graduation with at least 50% marks from a recognized board. The requirement for aggregate marks may vary from college to college.
• For management quota seats in private MBA colleges across various states, candidates should have at least 50% marks at the UG level.
• There is generally no get limit to getting direct admission. However, candidates must check the requirements of the college they are applying to.

• Fill out the application form of the desired college before available on its official website.
• Getting shortlisted for admission based on academic qualifications.
• Appearing for Group Discussion/ Personal Interview, if conducted by the college.
• Reporting at the designated college and paying the admission fee.

Before applying to their desired colleges, candidates must check out MBA fees in India so that they do not face any financial issues down the road. Here’s the MBA fee of top colleges in India:

Check the semester-wise MBA syllabus provided in the table below.

MBA syllabus for different specializations is designed keeping in mind the needs of corporate management in this day and age. Check out the syllabus for top MBA specializations provided in the table below.

For an MBA graduate in India, the career prospects are immense. The opportunities to land lucrative and fulfilling jobs are abundant right after graduation. With a minimum of 5-10 years of experience, an MBA candidate in India can expect to learn an impressive salary of INR 14,00,000 LPA without any doubt. With more than 15 years of experience . the possibilities only get better as senior-level position in Management such as Director, Vice President, and Senior Director , Vice President and Senior Director become easily attainable. These position offer outstanding remuneration packages of up to INR 25 LPA or more , with no upper limit. An MBA degree offers a wide range of career opportunities in both private and government sector ranging from Marketing to Tourism and Healthcare. Graduate with exceptional knowledge and skills can secure junior , senior , and executive- level private and government jobs after MBA. The jobs in this field can be highly rewarding and satisfying, particularly for alumni from top B-schools. However , even without college placements, candidate with the right skill set an expertise can easily land jobs in the top companies and organizations. Depending on the Specialization , skillset and knowledge , candidates can opt for highly lucrative job option after completing their MBA , which not only provide high salary packages but also other fantastic benefits . The possibilities are endless for MBA graduates in India ,and it is truly and exciting time to enter the job market with this degree.

Student often get confused between MBA in India vs MBA abroad. for so many reasons. Studying MBA abroad is possible through the Graduate Management Aptitude Test (GMAT), Based on the country , Candidate also have to either appear for the International English Language Testing System(IELTS), or the Test of English as a foreign Language (TOEFL). The fee for doing an MBA abroad is generally higher than in India, However students can earn an MBA Scholarship to afford education in foreign countries.

Eligibility Criteria to Study MBA Abroad

• Completed Graduation in Management or a related stream from a recognized college or university.
• Clear the GMAT(Graduate Management Aptitude Test).
• Proficient in the language of the country.
• 3-5 years of work experience and a Letter of Recommendation may be required.

Top MBA colleges Abroad

Here a few top MBA Colleges abroad you may consider for Admission.