Get ready for the leadership roles of the 21st century & beyond with an MBA

Looking to pursue an MBA in the upcoming academic session? The article below will effectively let you know about the Specializations, Fees, Eligibility, Scope, Syllabus, Salary and everything you need to know about an MBA.

What is an MBA?

Master of Business Administration, abbreviated as MBA, is a two year (four semesters) professional postgraduate program which is a gateway to a plethora of job opportunities in the public, government, private, and other sectors. An MBA from good college or university equips you with the acumen to discover new horizons, both personally and professionally. It develops your skills, enhance your career opportunities, and expand your professional networks.

The fact that makes the MBA most popular is that students from any background - Science, Commerce or Humanities - can pursue it. This multidisciplinary degree offers an opportunity to pursue specializations in various disciplines such as Marketing, Human Resource, Finance, Accounting, Management Information System, International Business, Business Analytics, etc.

The curriculum of this professional PG course consists of hands-on practicalities that prepare the students to meet the unpredictable challenges of the industry. Many colleges make training and practical experience a mandatory part of the MBA curriculum, in the form of case studies, projects, internships, industrial visits, and expert interactions. Students, who are willing to earn an MBA can pursue it in various modes, such as, Regular, Online and Distance-Education.

MBA: Quick Highlights of the Program

Course Level	Post-Graduation
Duration	2 Years
Examination Type	Semester

MBA: Scope

These graduates have a very high future scope because of the constant growth of the business industry in the country. The demand for MBA professional in each and every business of the economy, irrespective of its size and type, also makes it one of the most in-demand courses. 

Wide range of MBA Specializations offered by different colleges are:

• Accounting: This specialization teaches about applications and procedures that enable accounting professionals to analyze financial data aptly.
• Human Resource: This specialization teaches the process of short-listing, recruiting, selecting, inducting, providing orientation, deciding compensation, ensuring employees safety and maintaining proper relations with employees and their apex bodies.
• Entrepreneurship: This specialization teaches the practice of identifying the challenges and processes of entrepreneurship and innovation within companies.
• Finance: Master the theoretical and practical skills needed to handle both typical and complex financial situations in this specialization.
• International Business: Learn to analyze global markets, lead diverse teams and develop new international business opportunities in this specialization.
• Marketing: It teaches broad concepts of advertising, branding, market research, customer behaviour analysis and more.
• Computer Applications/Information Technology: The course teaches leadership skills as well as adequate knowledge and skills to plan, design and implement complex software systems.
• Foreign Trade: Explore the basic concepts of management as well as advanced concepts of foreign trade in this specialization.
• Organizational/Operations Management: Learn the planning, organizing, and supervising in the context of production, manufacturing, or providing services in this specialization.
• Family Business Management: Learn to further expand and strengthen the family business in this specialization.
• Management Information System: Gain a detailed understanding of business factors, IT networking, and specialized databases in this specialization.
• Business Analytics: It is a multidisciplinary specialization that teaches technical skills, business analytics fundamentals, management practicalities, leadership skills, hypothesis testing, regression analysis, data visualisation and a lot more, specific to business analytics. 
• Airport Management: This specialization provides a detailed insight into the airline industry and teaches concepts regarding marketing, finance, operations and other factors influencing airport management.
• Aviation Management: This specialization equips aspiring professionals with the skills of being a manager in the aviation industry.
• Public Policy: Learn to tackle the intricacies of public policy from diverse perspectives. It teaches students the skills to understand and solve the most important issues impacting India & the world today.
• Forestry: This specialization entails three specialised modules namely Environmental Management, Conservation & Livelihood and Developmental Management.
• Rural Management: This specialization aims to teach explicit subjects, abilities, and innovative techniques necessitated for the advancement of a rural area. It also teaches the procedures and strategies required to achieve them efficiently.
• Supply Chain Management: Learn strategic planning, supply chain management, demand planning and forecasting, advanced sourcing strategies, logistics and distribution optimization, finance, human resources, and many more in this specialization.
• Tour & Travel Management: This specialization teaches leadership skills required in the tour and travel industry.

MBA: Skills Taught

Take a look at some of the skills that are taught in MBA degree are:

• Business Acumen
• Good Communication Skills
• Problem-Solving Skills
• Management Skills
• Research Oriented
• Analytical Thinking
• Leadership Qualities
• Ability to work under pressure

MBA: Course Fees in India

The average fees of MBA course would be from Rs 1 Lakh to 5 Lakh (per annum) depending upon the criteria of the college. 

*It may vary according to universities/colleges and also the mode of education (i.e. online or offline) one takes to pursue this degree.

MBA: Eligibility

Eligibility criteria for full-time MBA is as follows: 

• The basic requirement for MBA (full-time) is under graduation in any discipline or equivalent from a recognised university.
• Most colleges/universities follow the minimum score criteria, i.e. 50 per cent in case of general category and 45% in case of reserved category. Cut off may vary from college to college.
• Students from any background - Science, Commerce or Humanities - can pursue it.
• Some colleges/universities select students based on the rank or score in national-level entrance exams such as CAT, MAT, CMAT, SNAP, ATMA, etc and performance in group discussion/personal interview. 

Eligibility criteria for Distance/Part-time/Executive MBA is as follows: 

• Distance or Part-time MBA is an excellent option for working professionals, especially for those who are looking for growth or switching over to entrepreneurship.
• The requirement for a part-time MBA is graduation in any discipline from a recognised university with minimum aggregate marks of 50 per cent. Cut off may vary from college to college.
• Candidate should have a minimum of three to five years of work experience at an executive level in a commercial, service, industrial, or government sector.
• For part-time MBA also, some colleges/universities select students based on the rank or score in national-level entrance exams such as CAT, MAT, CMAT, SNAP, ATMA, etc and performance in group discussion/personal interview. 

MBA: Top Recruiters

• Deloitte
• Microsoft
• Bajaj
• Accenture
• Infosys
• Microland
• Amazon
• Pidilite
• Asian Paints
• ITC
• Samsung
• Mahindra
• ITC
• Reliance
• Vodafone
• ICICI Bank
• HDFC
• Larsen & Tubro
• HSBC
• PWC
• Philips
• McKinsey & Company
• Nestle
• Aditya Birla Group
• Cipla
• RPG
• Flipkart
• Tata
• Saint Gobain
• Crisil
• Wipro

Various sectors in which MBA students can find their career are:

• Banking
• Education
• Marketing
• Financial  Consultancies
• Business Consultancies
• Export Firms
• Industries
• Multinationals
• Hotels
• Entrepreneurship

MBA: Job Profiles

• Product Manager
• Marketing Manager
• Sales Manager
• HR Manager
• Digital Marketing Manager
• Advertising Sales Manager
• Risk Manager
• Retail Manager
• Supply Chain Manager
• Public Policy Manager
• Lecturer/Professor

MBA: Top Entrance Exams

• National Level Test - CAT, MAT, CMAT, ATMA, etc.
• State Level Test: MAH-CET, OJEE, TANCET, APICET, KMAT, etc.
• College/University Level Test conducted by Top B-schools: IIFT, XAT, SNAP, IBSAT, NMAT, etc.

MBA: Average Salary in India

Job Profiles	Average Salary
Product Manager	15 LPA
Marketing Manager	10 LPA
Sales Manager	10 LPA
HR Manager	4 LPA
Digital Marketing Manager	5 LPA
Advertising Sales Manager	8.5 LPA
Risk Manager	10 LPA
Retail Manager	5 LPA
Supply Chain Manager	8 LPA
Public Policy Manager	7 LPA

*It may differ according to the sector one is working in, and skills and experience of the individual.

Top Full-time MBA Colleges in India:

• Indian Institute of Management (IIMs)
• Xavier School of Management (XLRI), Jamshedpur
• Symbiosis University, Pune
• Christ University, Bangalore
• SP Jain Institute of Management & Research, Mumbai
• Indian School of Business, Hyderabad
• Management Development Institute, Gurgaon
• Chandigarh Group of Colleges, Jhanjeri
• NMIMS Mumbai
• Chandigarh University, Mohali
• Chitkara University, Mohali
• Lovely Professional University, Jalandhar
• Amity University

Top Part-time MBA Colleges in India:

• IIM Bangalore
• IIM Lucknow
• IIM Indore
• IIM Kozhikode
• Symbiosis Institute of Business Management
• School of Business Management – NMIMS
• FMS Delhi 
• IMT Ghaziabad 
• Somaiya Institute of Management & Research, Mumbai

MBA: Subjects

MBA Semester I Syllabus
Organizational Behaviour	Marketing Mgmt
Quantitative Methods	Human Resource Management (HRM)
Managerial Economics	Business Communication
Financial Accounting	Information Technology

MBA Semester II Syllabus
Organization Effectiveness & Change	mgmt Accounting
Mgmt Science	Operation Management
Economic Environment of Business	Marketing Research
Financial Mgmt	MIS

MBA Semester III Syllabus
Business Ethics & Corporate Social Responsibility	Strategic Analysis
Legal Environment of Business	Elective Course

MBA Semester IV Syllabus
Project Study	International Business Environment
Strategic Management	Elective Course