All about MBA: Top Recruiters, Salary, Specialisation, Colleges
17 December,2022 | By Brainwonders
The MBA or Master of Business Administration course is an academy program oriented towards Management and marketing. It includes subjects such as organizational behaviour, marketing principles of Management, supply chain management, operations management etc.
MBA is a 2-year course divided into 4 or 6 semesters, and students from any science, commerce, and Humanities background can pursue it. Students can pursue MBA in various modes, such as full-time, part-time, online, and distance education.
But, before anything else, let us answer the first question which strikes everyone's mind.
Completing an MBA program demonstrates that you are committed to learning and improving your skills which can help a company to succeed. The major advantages of getting an MBA are:
- While pursuing the MBA course, you can get in close contact with other students from different countries, and you can exchange your ideas with them.
- An MBA degree can help you in improving communication skills by allowing you to successfully convey your concept to different people at different levels.
- An MBA degree can help you access reputed and intelligent professionals you may not otherwise have a chance to contact.
- An MBA candidate has proficient marketing and finance skills required by employers in every department.
- An MBA also increases the quantity and quality of job opportunities.
- You have more chances of getting a handsome salary rather than surviving on average numbers.
MBA Course Highlights:
| Full Form |
Master of Business Administration |
| Level |
Postgraduate |
| Types of MBA Courses |
Full-time MBA, Part-time MBA, Distance MBA, Executive MBA |
| Duration |
2 Years |
| Exam Type |
Semester |
| Minimum Qualification Requirement |
Bachelor's Degree |
| Average initial MBA salary |
INR 5 lakh to INR 22 lakh per annum |
| Top MBA Specialisations in India |
Entrance Exam and Merit-Based |
| Top MBA Specialisations in India |
Sales, Marketing, Finance, Human Resource, IT Operations, Digital Marketing, Business Analytics. |
| Minimum Aggregate Required for MBA Admissions |
50-60% |
| Major MBA Recruiters |
Amazon, Citigroup, Apple, Microsoft, Google, Tesla, LinkedIn, PepsiCo, Unilever, Deutsche Bank. |
| Top MBA colleges in India |
IIM Ahmedabad, IIM Indore, IIM Bangalore, FMS Delhi, IIM Calcutta. |
MBA eligibility criteria:
- Graduation in any discipline from a recognized University
- The minimum aggregate in graduation must be 50% on average, and for reserve category students, the minimum score is 45%
- Final-year graduation candidates are also eligible to apply for MBA.
- Professionals with CA/CS/ICWA and other degrees can also pursue MBA.
Types of MBA degrees:
Full-time MBA degrees: The full-time MBA degree is a General management degree that seeks to give students a detailed understanding of how business functions and how business leaders rise to meet an ever-changing set of circumstances and challenges. Colleges offering full-time MBA programs include:
Full-time MBA programs can be found in the following degree names:
- MBA in consultancy
- MBA in corporate social responsibility
- MBA in entrepreneurship
- MBA in finance
- MBA in information technology
- MBA in innovation management
- MBA in marketing
- MBA in operations management
- MBA in sports management
- MBA in Strategy
- MBA in sustainability.
An MBA program fee in India ranges from INR 20000 to INR 40 lakh for a 2-year full-time program.
Part-time MBA degree: in a part-time MBA degree, the classes are held on weekends and outside business hours on weekdays, making the course more flexible than a full-time MBA. The average fee structure of an MBA part-time course is approximately 80000 INR to 6 lakh INR.
Colleges' part-time MBA degree programs include:
Part-time MBA courses:
- MBA Executive
- Executive management program
- Masters in Management
- PGDM
- Master in marketing management
- Masters of Financial Management
- Master in information management
- PGDM for working professionals
Distance MBA program degrees: distance MBA programs are creative career options for those who cannot pursue a full-time program due to many circumstances. AICTE recognizes these programs. Colleges offering distance MBA programs include:
- Narsee Monjee Institute of Management Studies
- Institute of Management Technology, centre for distance learning
- Symbiosis centre for distance learning
- Sikkim Manipal University directorate of distance education
- Indira Gandhi National Open University
- Suresh Gyan Vihar University distance education
- Annamalai University
- Prin LN Welingkar Institute of Management
- Amity University
- Distance MBA specializations:
- Human resource
- Finance
- Sales and marketing
- Retail
- International Business
- Information technology and systems
- Operations
- Import and export
- Healthcare and hospital
- Logistics and supply chain management
- Hospital management
The average distance MBA fees range between INR 30000 to INR 2.5 lakhs.
Online MBA degree: an online MBA program is also known as a satellite management program because of its dependability on satellite. It is usually a 12-month program requiring participants' weekend engagement only. Colleges offering online MBA degrees include:
- NMIMS global access school for continuing Education Mumbai
- Symbiosis centre for distance learning
- Amity University online
- SASTRA deemed to be a university
- Karnataka State Open University
- Dr DY Patil Vidyapeeth, centre for online learning
- Indian school of Business Management and administration Hyderabad
- Prin LN Welingkar Institute of Management development and research
- BITS Pilani
- Course specialization:
- Finance Management
- Healthcare management
- Hospitality Management
- Digital Marketing
- Sports management
- Business Analytics
- Human resources
- Information technology
- Innovation management
- International Business
- Cyber security
- Entrepreneurship
- Marketing management
- Operations management
- Public administration
- Risk management
- Advertising and PR management
- Logistics and supply chain management
- Sustainability management
The average fees of an online MBA vary between rupees 60000 and Rs 4 lakh. The academic fee may vary as per the university.
Top MBA Entrance Exam:
MBA admission is based on the MBA entrance exam, followed by a personality assessment test round. The most popular MBA entrance exams are as follows:
- CAT
- MAT
- CHAT
- NMAT
- ATMA
- IIFT
- IBSEN
How to get admission for MBA:
Stage 1: Apply for the Entrance Exam:
Most MBA Entrance Exams allow candidates with 50% aggregate marks for general category students and 45% aggregate for reserved category students.
Stage 2: Appear for exam and wait for results:
The next step is that candidates need to reach the designated centres to give exams. And then, they will have to wait for results.
Stage 3: Apply for the College according to the released cutoffs:
Candidates meeting the cutoff must then apply for the MBA course admission process to the college. They must remember, college entrance scores are valid for one year only.
Stage 4: Appear for GD/PI round and wait for final merit list:
Shortlisted candidates are called for group discussions or personal interview rounds. After evaluating the candidates on these parameters, the final list of selected candidates will be declared. Candidates will have to pay the MBA admission course fee to secure their seats.
Skills Required:
Every job requires professional skills to perform every task with finesse. An MBA program requires the following skills:
- Problem-solving skills
- Communication skills
- Management skills
- Analytical thinking
- Eye for details
- Strong mathematical skills
- Leadership skills
- Research-oriented skills
- Business acumen
- Goal oriented
- Ability to work under pressure.
Take the Brainwonders personality test and check the set of skills you have.
Top MBA colleges and fee structure:
- IIM Ahmedabad - INR 23 lakh
- IIM Lucknow - INR 20 lakh
- IIM Udaipur - INR 21 lakh
- IIM Ranchi - INR 17 lakh
- IIT Kharagpur - INR 1.64 lakh
- IIT Delhi - INR 10 lakh
- NITIE Mumbai - INR 14.6 lakh
- IIFT New Delhi - INR 18.78 lakh
- Symbiosis Pune - INR 5.6 lakh
- MDI Gurgaon - INR 18.86 lakh
- Narsee Monjee Mumbai - INR 6.4 lakh
- XLRI Jamshedpur - INR 26 lakh
- SP Jain Mumbai - INR 21 lakh
- IIT Roorkee - INR 4.28 lakh
- IIT Bombay - INR 1 lakh
- IIT Madras - INR 4.1 lakh
MBA Private Colleges with Fee structure:
- Great lakes Institute of Management - INR 11.8 lakh
- Indian Institute of Foreign Trade - INR 8.85 lakh
- International Management Institute - INR 18.34 lakh
- ISB Hyderabad - INR 36.3 lakh
- Kalinga Institute of industrial Technology - INR 11.2 lakh
- Prin LN Welingkar Institute of Management Development and Research - INR 13 lakh
Top MBA Colleges Overseas:
- Harvard business school
- Stanford Graduate School of Business
- Penn Wharton
- MIT Sloan
- London Business School
- Columbia Business School
- IE business school
MBA syllabus:
- Marketing
- HR management
- Business planning
- Finance Management
- Principles of Management
- Business laws
- Communication skills
- Entrepreneurship
- Business communication
- Computer application
- Organizational behaviour
- Taxation
- Retail Management
- Project work
- Economic
- Business environment
- Strategic analysis
- Legal environment of Business
- Management of information system
- Operation management
- Management Accounting
- Strategic Management
MBA Semester-Wise Syllabus:
| Semester |
Subjects |
| Semester 1 |
- Business communication
- Financial accounting
- Human Resource Management
- Information technology management
- Managerial economics
- Marketing management
- Organisational behaviour
- Quantitative methods
|
| Semester 2 |
- Economic environment of business
- Financial management
- Management Accounting
- Management science
- Management of information system
- Marketing research
- Organisation effectiveness and change
- Production and operations management
|
| Semester 3 |
- Business ethics and corporate social responsibility
- Legal environment of business
- Strategic analysis
- Elective course
|
| Semester 4 |
- International business environment
- Project study
- Strategic management
- Elective course
|
List of MBA specializations:
- Finance
- Infrastructure
- Marketing
- International Business
- Sales
- Disaster management
- Human resources
- Energy and environment
- Operations
- Import and export
- IT and systems
- Business Analytics
- Health care and hospital
- Digital Marketing
- Business Economics
- Entrepreneurship
- Agriculture and food business
- Materials management
- NGO management
- Oil and gas
- Pharma
- Retail
- Rural Management
- Sports management
- Supply chain
- Telecom
- Textile management
- Transport and logistics
- Forestry
- Public policy
- Hospitality
Syllabus of some of the above-mentioned specialisation is mentioned below:
| MBA Specialisation |
MBA Syllabus |
| Finance |
- Security Analysis and investment management
- Project planning, analysis, and Management
- Quantitative analysis of financial decisions
- Financial derivatives
- International Financial Management
- Fixed income securities
- Portfolio management
- Risk management
- Management control system
- Corporate governance
- Management of financial services
- Financial reporting
- Corporate taxation
|
| Marketing |
- Advertising management
- Analytical marketing
- Consumer behaviour
- Brand management
- Competitive marketing
- Retail Management
- Sales force management
- Internet marketing
- Business marketing
- Marketing channel
- Sales promotion management
- Advanced research techniques in marketing
- Service marketing
|
| Organizational behaviour and human resource management |
- Management of industrial relations
- Counselling skills for managers
- Manpower development for technology change
- Managing diversity
- Human Resource Planning and development
- Human resource development strategies and systems
- Performance management
- Negotiation, persuasion and social influence skills
- Cross-cultural and global management
- Personal power and leadership through Asian values
- Managing interpersonal and group processes
- Compensation management
- Training and development
|
| Production and Operations Management |
- Advance operation management
- Decision models and optimisation
- Total quality management
- Production planning and control
- Operation strategy
- Quantitative analysis of risk and uncertainty
- Supply chain management
- Modelling in supply chain management
- Environment and safety management
|
| Services management |
- Management of NGOs
- Hospitality operations management
- Transportation management
- Service operation management
- Tourism marketing
- Airport management
- Hospitality marketing
- Total service quality management
- Civil aviation management
|
Worried about selecting an MBA program for specialization? Just follow these easy steps to remove your worry:
- Open the dial pad in your phone
- Talk about your worries with one of the best counsellors by Brainwonders, and that's it.
Simple right?
Top recruiters:
- Apple
- Amazon
- Citigroup
- Facebook
- Bain and Company
- Deloitte
- Accenture
- Google
- Boston consulting group
- McKinsey
- Adobe
- JP Morgan Chase
- Morgan Stanley
MBA career scopes:
Salary offered:
An MBA graduate can expect an average salary of INR 5 lakh per annum. And it can reach up to 32 lakh per annum, depending on the domain and specialization chosen by the candidate.
Top Companies for MBA recruiters:
- Mahindra
- Reliance
- ICICI Bank
- HDFC
- Aditya Birla Group
- McKinsey and Company
- Citibank
- Samsung
- Vodafone
- Philips
- Nestle
- Flipkart
- Bajaj
- Cipla
- JP Morgan Chase and Company
- Wipro
- Microsoft
- Amazon
- Avendus
- Accenture
- Tata
- Infosys
- ITC
- Asian paints
- Larsen and Toubro
Selecting a course can be tough, especially when there are numerous branches within that course. So, it is better to seek guidance rather than become a counsellor yourself.
We at Brainwonders are working intending to remove every career-related doubt of students to light their path towards a better future. You can set an appointment at any time with the best of our counsellors to lay the best road map for you that aligns with your interests.
Are you aware which subjects and courses will bring you closer to your dream career?
Worry not, because the Brainwonders test and guidance will not only help you know it, but also follow it!
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