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01 September,2023 | By Brainwonders
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.
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.
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:
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.
The MBS entrance exams typically encompass four sections:
Generally, admission to most MBS colleges hinges on the entrance examination scores. Nevertheless, certain institutions may also extend admission based on merit.
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.
|Full form||Master in Business Studies|
|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|
|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|
|College||City||Fee Structure||Admission Process||Average Salary Package|
|Neville Wadia Institute of Management Studies and Research||Pune, Maharashtra||INR 1.70 Lakh||Entrance based||INR 5 Lakhs|
|Arihant Institute of Management Studies||Pune, Maharashtra||INR 1.03 Lakh||Entrance based||INR 4 Lakhs|
|College of Business Management||Krishnagiri, Tamil Nadu||INR 46,000||Entrance based||-|
|Bharati Vidyapith Deemed University||Pune, Maharashtra||INR 75,000||Entrance test followed by counselling||INR 1 Lakh|
|Savitribai Phule Pune University||Pune, Maharashtra||INR 18,000||On the basis of merit list prepared by the concerned department||INR 6.5 Lakhs|
|Naralkar Institute of Career Development & Research||Pune, Maharashtra||INR 2 Lakhs||Entrance based||INR 3-5 Lakhs|
|DSRF Institute of Computer Science & Management Studies||Pune, Maharashtra||-||Entrance based||INR 7.75 Lakhs|
|Yashwantra Chavan Institute of Social Science Studies and Research||Pune, Maharashtra||-||Entrance based||INR 4.25 Lakhs|
|Sharddchandra Pawar Arts and Commerce College||Pune, Maharashtra||-||Entrance based||INR 3-4 Lakhs|
|LK Phatak Institute of Technology & Management||Pune, Maharashtra||-||Entrance based||INR 4.50 Lakhs|
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.
|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|
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:
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.
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