Master in Business studies [MBS], Admission, Syllabus, Colleges, Salary and Career options

01 January,2024  |  By Brainwonders

What is a Master in Business Studies [MBS] Course?

The Master in Business Studies [MBS] program is a postgraduate business degree that spans two years, structured into four semesters, with two semesters per year. This curriculum merges advanced theoretical learning with research components. The focus of Business Studies encompasses a broad spectrum of business operations in various contexts, whether industrial or commercial. The course syllabus contains business finance and accounting, business economics, business law, business ethics, and export marketing.

Eligibility criteria for enrolling in the MBS course include holding a bachelor's degree in business studies or completing a two-year Diploma in Business Management or a two-year Diploma in Management Science from a recognized university.

The fundamental procedure for MBS course admission involves candidates needing to clear an entrance examination, while specific colleges also offer admission based on merit. Leading MBS institutions in India typically admit students through entrance tests such as CAT, MAH CET, GMAT, and CMAT.

Graduates of the Master in Business Studies program often find opportunities for employment in renowned companies such as Accenture, Infosys Limited, EY (Ernst & Young), HDFC Bank Private Ltd, HCL Technologies Ltd., Amazon.com Inc, Wipro Technologies Ltd., Genpact, and Cognizant, among others.

On average, a Master of Business Studies [MBS] graduate can expect an annual salary ranging from INR 3 Lakhs to 5 Lakhs. This figure fluctuates based on the specific industry, experience level, seniority, and dedication demonstrated in the workplace.

Key Highlights of Master in Business Studies [MBS]

• Course: Master in Business Studies [MBS]
• Duration: 2 years
• Eligibility: Two years diploma in business management or two years diploma in management science of any statutory university.
• Admission Process: Merit-based/ Entrance exam
• Top Entrance Exam: CAT, MHT CET, CMAT, GMAT, etc.
• Top Colleges: Neville Wadia Institute of Management Studies and Research, Arihant Institute of Management Studies, College of Business Management, etc.
• Average course fees: INR 2 Lakhs - 5 Lakhs
• Job Options: Financial Manager, Business Analyst, Financial Advisor, HR Manager, Management Analyst, etc.
• Average Salary Package: INR 3 Lakhs – 5 Lakhs
• Further Study Options: Ph.D. (Business Studies)

What is the Admission Procedure for a Master in Business Studies (MBS)?

Entry into the MBS degree program hinges on entrance examinations and personal interviews with selected candidates. Some institutions may also offer admission based on merit. Prospective students can obtain the admission application form through the university's website or by visiting the admissions office in person.

• Interested candidates can submit their application online, providing the required information, and admission decisions rely on the marks they have achieved in their bachelor's degree.
• The admission process necessitates the submission of certificates for all prior academic qualifications.
• Include transcripts for all your previous degrees, and if you are currently enrolled in a degree program, an up-to-date interim transcript suffices at this stage.
• Additionally, applicants must provide two academic references, preferably from their most recent degree program.
• Once candidates satisfy all the minimum entry requirements and submit all the required documents, the school will forward the application to the appropriate academic authorities.
• Prospective supervisors will interview applicants and make decisions based on the interview outcomes.
• The final selection for MBS admission depends on performance in the entrance test and interview. The weighting of interview and entrance exam scores may vary among colleges.
• Different universities conduct entrance exams, often followed by group discussions and personal interviews. Admission to this course is contingent on the cutoff score or performance in these rounds.

Master in Business Studies (MBS): Eligibility

All applicants seeking admission to the MBS program must adhere to the eligibility criteria outlined by the college. The fundamental criteria for eligibility are as follows:

• Completion of a Bachelor's Degree, such as Bachelor of Commerce (B.Com), Bachelor of Business Administration (BBA), or any other Bachelor's Degree with pertinent subjects or an equivalent examination, is required for candidates.
• Candidates with a minimum aggregate of 55% marks are eligible for admission to the Master's degree program.
• Additionally, prospective students must participate in the college or university-level entrance examination. A group discussion and a personal interview round as part of the admission process follow this.

What are the Entrance Examinations for Business Study Masters?

Prospective Master of Business Studies [MBS] candidates must brace themselves for rigorous examinations, demonstrating their qualifications to secure admission to the nation's leading MBS colleges based solely on merit.

• CAT: An essential examination administered by the Indian Institutes of Management (IIMs), widely favoured as the qualifying test by numerous prestigious management institutions and business schools across India.
• CMAT: Organized by the All India Council for Technical Education (AICTE), the CMAT exam holds substantial recognition as a qualifying assessment for many government-sponsored management and business institutes in India.
• MAH CET: As the unified entrance examination for enrolment into postgraduate management courses within Maharashtra, MAH CET is a state-level assessment overseen by the Directorate of Technical Education (DTE) Maharashtra. It facilitates admissions into MBA, MMS, PGDBM, and PGDM programmes.
• TANCET: TANCET, an acronym for Tamil Nadu Common Entrance Test, is a state-level standardized entrance examination orchestrated by Anna University, Chennai.

How to prepare for the Master in Business Studies [MBS] entrance exam?

The MBS entrance exams typically encompass four sections:

1. Quantitative Ability
2. General and Business Awareness
3. General English
4. General Intelligence and Reasoning

Here are some essential preparation tips for successfully navigating the MBS entrance exam:

• Familiarity with Exam Paper Pattern: The foremost stride in effective entrance exam preparation involves deeply understanding the structure of the paper and the syllabus.
• Mastering Time Management: Keep key areas focused, concentrating on weaker subjects and daily numerical problem practice. Craft a timetable and diligently adhere to it.
• Consider Enrolling in Coaching Institutes: Opting for coaching classes or a tutor dedicated to exam preparation is advantageous, offering guidance on weaker areas and enhancing topic comprehension.
• Embrace Practice for Excellence: Engage in practice and revision before the exam to alleviate unnecessary stress the day before the test.
• Create Separate Notes: Given the Master of Business Studies entrance exam's four sections, each carrying unique significance and evolving difficulty levels annually, allocate balanced attention to all subjects. Develop distinct notes for each section to capture essential points.

How do you get admission to a good college for a Master in Business Studies [MBS]?

Generally, admission to most MBS colleges hinges on the entrance examination scores. Nevertheless, certain institutions may also extend admission based on merit.

• Merit-Based Admission: A commendable percentage in bachelor's degree exams is imperative for merit-based selection. Generally, top MBS colleges set the merit list cut-off above 90%.
• Entrance Exam Readiness: Stay informed about the entrance exam syllabus and practise past years' papers to prepare effectively.
• Comprehensive Preparation: Excel in bachelor's degree and any required entrance exams. Practice with previous years' question papers.
• College Awareness: Keep updated about targeted MBS colleges and their admission procedures for the desired application.
• Timely Application: Submit applications on the college or university website during the designated application period.

Master in Business Studies [MBS]: What is it about?

MBS is a 2-year postgraduate course tailored for individuals seeking to delve into economics and management. This course encompasses theoretical and practical coursework on company management, business model creation, and overall business operations. Additionally, it may contain studies in accounting, entrepreneurship, finance, marketing, or supply chain management.

• Business Studies Encompasses Diverse Business Activities: Business Studies encompasses a broad spectrum of business activities, spanning various forms, whether industrial or commercial.
• Program Objective: The program aims to cultivate an understanding among candidates regarding the classification and forms of essential business organizations. It also hones crucial skills like self-reliance, initiative, creativity, problem-solving, logical decision-making, and efficient time and resource management.
• Comprehensive Course Structure: The curriculum is meticulously crafted to offer thorough insights, techniques, and knowledge about various business activities.
• Enhancing Career Trajectory: The Master's program suits candidates aspiring to elevate their careers by gaining a profound, critically informed understanding of Business Studies.
• Theoretical and Practical Focus: The study focuses on theoretical principles and practical application in areas such as Taxation and Business Law, General Management, Economic Analysis, Research Methodology, Management Accounting, Retail Management, Organizational Behaviour, Business Environment, and Rural Marketing.
• Real-world Preparedness: The program equips candidates to face real-world business conditions and scenarios by imparting theoretical and practical knowledge.
• Comprehensive Subject Coverage: The Master in Business Studies [MBS] curriculum encompasses human resource management, information technology, marketing, business economics, management accounting, finance, and more.

Master in Business Studies [MBS]: Course Highlights

Course	MBS
Full form	Master in Business Studies
Level	Post graduate
Duration	2 years
Eligibility	Two years’ diploma in business management or two years’ diploma in management science of any statutory university.
Admission Process	Merit based/ Entrance exam
Average tuition fee	INR 2 Lakhs - 5 Lakhs
Job Positions	Financial Manager, Business Analyst, Financial Advisor, HR Manager, Management Analyst, etc.
Top recruiting companies	MNCs, ICICI Bank, Infosys, Cognizant, Wipro, Accenture, KPMG , TCS, IBM etc.
Average salary	INR 3 Lakhs - 5 Lakhs

Master in Business studies [MBS]: Course Comparison

Parameters	MBS	MBA
Level of Study	Post Graduate	Post Graduate
Duration	2 years	2 years
Course Overview	The course of study is designed to provide in-depth knowledge, information, techniques and about the activities associated with business in a comprehensive manner.	The objective of the MBA course is to help the students in professionalizing the foreign trade management of the country and increase the exports and imports by generating, analyzing and conducting research.
Eligibility	Two years’ diploma in business management or two years’ diploma in management science of any statutory university.	Graduation in discipline
Admission Process	Merit based/ Entrance exam	Entrance test + GD + PI
Average Course Fees	INR 2 Lakhs - 5 Lakhs	INR 10 - 15 Lakhs
Job options	Manager, Financial Manager, Business Analyst, Financial Advisor, HR Manager, Management Analyst, etc.	Business Development Manager, International Marketing Manager, Area Sales Manager, Senior Business Analyst, Global Business Manager, Investment Banker, International Business Consultant , International Finance Manager etc.
Salary Offered	INR 3 Lakhs - 5 Lakhs	INR 5 - 12 Lakhs

Why study a Master in Business Studies [MBS] course?

Holders of a Master's degree in business studies enjoy promising career prospects in both the Public and Private Sectors, as well as in Colleges and Universities, including positions in Hospitality and Leisure, Financial Institutions, Sales and Marketing, Consultancy, Banking and Finance, Industrial and Manufacturing Organizations, and Insurance Companies.

Upon completing the Master's degree in business studies, individuals can pursue careers as Accountants. They can also take on roles such as Professor, Lecturer, Financial Analyst, Stock Analyst, Sales Manager, Securities Analyst, Development Officer, Assistant Controller, Equity Research Analyst, Finance Manager, Loan Officer, Business Analyst, Cashier, Assistant Administrative Officer, and more.

Here are some job profiles, along with their descriptions and average salaries:

Job Position	Description	Average Salary
Financial Manager	The responsibility of a finance manager is to provide financial reports and interpreting financial information to managerial staff while recommending further courses of action, advising on investment activities, and providing strategies that a company should take for maintaining the financial health of the organization.	INR 8.29 Lakhs
HR Manager	An HR manager enhances the organization’s human resources by planning, implementing, and evaluating employee relations and human resources policies, programs, and practices.	INR 8.29 Lakhs
Business Analyst	The business analysts perform detailed requirements analysis, documenting processes, and performing some user acceptance testing.	INR 6.07 Lakhs
Financial Advisor	A finance advisor contacts their clients to discuss their financial goals and offer them financial services design debt liquidation plans which consist of the time frame and priority of payoff.	INR 3.84 Lakhs
Management Analyst	Management analysts gather and organize information about the problem to be solved or the procedure to be improved, interview personnel, and conduct onsite observations to determine the methods, equipment, and personnel that will be needed.	INR 3.80 Lakhs

What is a Master in Business Studies [MBS] Future Scope?

Regarding future opportunities, the MBS program enhances a student's professional growth and contributes significantly to their personal development. Upon completing the MBS course, graduates can look forward to a wide range of prospects, including:

Conclusion

If you're unsure if a Masters in Business Studies is the right choice for you, let our team of expert counsellors at Brainwonders help you find the perfect career path. We understand that making such an important decision can be confusing, which is why we offer comprehensive assessments and personalised advice to ensure we provide you with the best possible direction and opportunity. With our assistance, you'll gain clarity on your future prospects and unlock the potential to achieve your long-term ambitions.Choosing the right career stream is crucial to a fulfilling and prosperous future. 

Master in Business Studies [MBS]: FAQs

Q1: Are MBA and MBS courses the same?

Ans: Both MBA and MBS programmes share similarities in their curriculum but differ. MBA programmes emphasise business administration, while MBS programmes emphasise management and related areas such as marketing, HR, and finance. MBA degrees are typically considered professional qualifications concentrating on leadership and business administration. MBA programmes can be pursued through both distance learning and full-time attendance.

Q2. What is the average salary of the graduates of MBS course?

Ans: Upon completing the MBS course, you can anticipate an annual salary package averaging between INR 3 to 5 Lakhs.

Q3. What is the full form of MBS?

Ans: The complete form of MBS is Master in Business Studies.

Q4. What are business studies?

Ans: The field of business delves into how individuals and collectives coordinate, strategise, and engage in producing and enhancing products and services to meet customer needs. Business is shaped by and exerts influence on the era's cultural, ethical, environmental, political, and economic contexts.

Q5. What are the topics for the MBS entrance exam?

Ans: The MBS entrance examinations consist of objective assessments featuring multiple-choice questions. While Mathematics is not obligatory for these entrance tests, specific well-known MBS entrance exams such as CAT, MHT CET, GMAT, and others evaluate students' proficiency in Quantitative Ability, General and Business Awareness, General English, General Intelligence, and Reasoning.

Q6. I scored a 60% aggregate in my bachelor's degree examination. Can I apply for admission to MBS top colleges in India?

Ans: Certainly. The admission requirements for MBS stipulate that candidates must attain a minimum aggregate score of 50% in their bachelor's degree examination. You can appear for several top entrance exams, including CAT, CMAT, and GMAT. Therefore, in terms of percentiles, you meet the necessary criteria for admission.