MBA (Master of Business Administration) | Courses, Admissions, Fees, Syllabus

MBA (Master of Business Administration) | Courses, Admissions, Fees, Eligibility, Syllabus, Top Colleges, Scope: The Master of Business Administration (MBA) is a highly sought-after post-graduate course in India and around the world. It is an essential requirement for managerial positions in various industries and sectors. As a result, many graduates with degrees in BTech, BBA, BCom, BA, BSc, and BCA pursue an MBA for their post-graduation studies. With the increasing number of businesses in today’s world, the importance of this professional course has grown significantly.

The MBA curriculum provides students with the necessary skills to manage and expand a company successfully while also developing their leadership abilities. We have provided the information on the MBA (Master of Business Administration) Complete Courses Details, Admissions, Fees, Eligibility, Top Colleges, Syllabus, and Scope. Do follow our website @ Exams.freshersnow.com for more information.

What is a MBA (Master of Business Administration)?

Master of Business Administration (MBA) is a highly sought-after post-graduate course both in India and abroad. With the increasing number of businesses, the importance of this professional course has only grown, as it imparts the necessary skills required to expand or run a successful business.

Furthermore, the MBA course also develops leadership skills among its students. The MBA fee generally ranges between INR 10-25 lakh depending on the college, but there are certain top colleges like FMS Delhi and JBIMS Mumbai where the course fee is much lower than INR 10 lakh.

MBA (Master of Business Administration) – Details

All About MBA

• The MBA course is popular as it allows students from various academic backgrounds, including Science, Commerce, and Humanities, to pursue it. The regular MBA program usually lasts for two years, divided into four or six semesters. However, some private institutes offer one-year PGDM programs as well.
• Aspirants can opt for different modes of MBA programs, such as Full-Time, Part-Time, Online, and Distance-Education. Some institutes also offer programs customized to the candidate’s professional experience, such as Executive MBA.
• Many management institutes provide Post-Graduation Diploma in Management (PGDM), Post-Graduate Diploma (PGD), or Post-Graduate Programme (PGP) in Management instead of an MBA degree. Although there is not much difference between the two, the recognition of the degree may vary.
• The Full-Time MBA is the most popular among all the modes of education. It consists of theory classes, practical projects, student exchange programs, summer internships, and final placements. Fresh graduates, as well as candidates with a few years of work experience, can opt for a Full-Time MBA. However, some colleges prefer fresh graduates while some give preference to candidates with work experience.
• On the other hand, Executive MBA is designed for candidates with 5+ years of work experience to enhance their managerial and leadership skills to stay relevant in the job market. Online MBA, Part-Time MBA, and Distance MBA programs are ideal for candidates who wish to pursue their studies while working.

Why Do MBA?

To put it simply, pursuing an MBA degree can fast-track your career. In today’s world, where competition in the job market is cut-throat, having managerial skills and leadership qualities is crucial to making a significant contribution to any organization. If you are an expert in your field, knowing how to manage a business can be an added advantage. An MBA degree can help you set up your own business or switch your career. Let’s take a look at a few benefits of obtaining an MBA degree:

• Better Career Opportunities
• Higher Salary
• Developing Industry Network
• Developing Management Skills
• Developing Leadership Qualities
• Global Exposure to Business and Economy
• Entrepreneurial Skill Development

These advantages make pursuing an MBA degree a wise choice for anyone who wants to accelerate their career growth and become a valuable asset to their organization.

What are the Types of MBA Courses?

The MBA program is available in different modes and formats to suit the needs of various individuals. The traditional Full-Time MBA, which lasts for two years, has been the preferred choice for management aspirants. However, in recent years, Executive MBA and Online MBA have gained popularity due to their flexibility. Below are the key highlights of each type of MBA:

Full-Time MBA: This is a two-year residential program that includes physical classes, live projects, semester-wise assessment, summer internships, and final placements. In India, there are about 5000 Full-Time MBA colleges with tuition fees ranging from INR 2 lakhs to INR 25 lakhs on average.

Part-Time MBA: This program is designed for working professionals who wish to learn key managerial skills without leaving their jobs. Part-Time MBA courses are not residential, and there are no campus placement or internship opportunities. There are about 300 Part-Time MBA colleges in India, and the course fees range from INR 1 lakh to 10 lakhs.

Distance MBA: In Distance MBA, candidates pursue the program via remote communication and correspondence. This program is suitable for people with limited time and resources as it is cheap and flexible. The course can be completed within two to five years, and there are over 490 Distance MBA colleges in India, with IGNOU being the most popular.

Online MBA: Currently, Online MBA is the most popular mode of MBA program owing to convenience and flexibility. This program is delivered through video conferencing, and notes, tests, and assessments are shared in the Learning Management System (LMS). There are no physical classes, and one can pursue a course in one city while living in another. There are about 170 Online MBA colleges in India, which are mostly private institutions.

Executive MBA: This program is exclusively designed for working professionals with more than five years of work experience. The curriculum is similar to Full-Time MBA, but it is of shorter duration (15 to 19 months). Executive MBA programs are expensive, and some companies sponsor candidates. There are about 440 Executive MBA colleges in India.

5-year-Integrated MBA: This is a five-year dual degree course that includes UG and PG degrees. An Integrated MBA degree can be pursued after class 12. This program is suitable for candidates who choose management as their choice of career early on. The Integrated MBA program is offered by top institutes such as IIM Rohtak, IIM Indore, IIM Ranchi, IIM Jammu, IIM Bodhgaya, NMIMS, Xavier University, and Nirma University.

Master of Business Administration Eligibility Criteria

• To be eligible for a Full-Time MBA program, one must hold a graduation degree in any discipline from a recognized university.
• The minimum score criteria for graduation is usually 50 percent on average or equivalent.
• For Reserved category students, the minimum score required is 45 percent in aggregate.
• Final-year graduation candidates can also apply for an MBA, provided they can show proof of completion of their graduation degree within the duration specified by the institute.
• Moreover, professionals with degrees such as CA/ CS/ ICWAI can also pursue an MBA.

MBA in Abroad

If you’re interested in pursuing an MBA abroad, there are some differences in the application process compared to domestic programs. You’ll need to take the Graduate Management Admission Test (GMAT) and language proficiency tests such as the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS) for MBA admission. The academic qualifications required for MBA abroad are similar to those for domestic programs, with a minimum of 50% aggregate marks in graduation or equivalent from a recognized university. However, many MBA courses abroad require candidates to have work experience of three to five years.

Top MBA Entrance Exams

Top B-Schools in India typically require candidates to appear for an entrance exam, and admission is based on the candidate’s performance in the exam. Here is a list of some of the top MBA entrance exams in India and their application deadlines for the upcoming academic session:

• Common Admission Test (CAT) – The application deadline usually falls in September/ October
• Xavier Aptitude Test (XAT) – The application deadline is generally in November/ December
• Management Aptitude Test (MAT) – Application deadlines are usually in February, May, August, and December
• Common Management Admission Test (CMAT) – The application deadline is generally in January
• Symbiosis National Aptitude Test (SNAP) – The application deadline usually falls in November/ December

Candidates are advised to keep a close eye on the official websites of the respective exams for accurate and updated information on application deadlines.

MBA Admissions & Score Accepted

Aspiring MBA students who have taken relevant entrance exams can apply to various business schools for the current academic session. Several well-known private B-schools are currently accepting applications for their MBA/ PGDM courses. Below is a table that shows the application status of some of the popular MBA colleges in India.

MBA Syllabus

The MBA program is designed to equip students with a comprehensive understanding of the management sector and its significance in the business world. An MBA degree is a postgraduate business degree that spans two years and imparts technical, managerial, and leadership skills to students. The course curriculum covers a variety of topics, such as entrepreneurship, business law, corporate finance, and financial accounting, among others.

The MBA program provides students with exposure to a diverse range of subjects. In the first year of a two-year MBA program, students learn core subjects such as Organizational Behavior, Marketing, and Principles of Management, to name a few. In the second year, students are introduced to subjects such as Business Law and Entrepreneurship, among others. MBA colleges categorize these subjects as core and elective and offer students the opportunity to select their elective subjects. The following are some of the subjects covered in the MBA program:

• Marketing
• HR management
• Business planning
• Finance management
• Principles of management
• Business laws
• Communication skills
• Entrepreneurship
• Business Communication
• Computer Application
• Organizational behavior
• Taxation
• Retail management
• Project work
• Economics
• Business environment

MBA Syllabus Semester-Wise

Top Specialisations in MBA

In addition to the regular MBA program, candidates can pursue an MBA with a specialization in a specific field. There are various MBA specializations available in India for candidates to choose from. It is highly recommended that each candidate selects a specialization for their MBA program as it will equip them with the required skills for specific domains, such as Finance, Operations, Human Resources, Sales, and Marketing, among others.

The most commonly opted-for specializations by MBA students include Marketing Management, Financial Management, Human Resource Management, Business Analytics, International Business, Logistics Management, and Supply Chain Management. Here is a list of the most popular MBA specializations:

Career Options After MBA

With ongoing infrastructural, agricultural, industrial, and other government projects being executed, there are great job opportunities for MBA graduates. Aspirants pursuing an MBA course can take up job roles in various private and public organizations such as:

• Marketing Manager
• HR Manager
• Business Analyst
• Business Development Manager
• Business Consultant

Skills That Make You The Best MBA Graduate

MBA qualification helps graduates to develop a certain set of skills that are applied in the professional world which helps them in excelling at their jobs. Listed below are the skills that make the graduates professionally sound and knowledgeable:

• Interpersonal skills
• Communication skills
• Digital Marketing
• Problem-solving attitude
• Teamwork
• Creativity
• Critical Thinking

MBA Career Scope – Jobs Roles & Salary

Pursuing an MBA can be a highly rewarding career choice, particularly for those who graduate from top B-schools. The job market for MBA graduates is vast, covering a variety of industries such as marketing, tourism, and healthcare, with opportunities at junior, senior, and executive levels. Depending on their specialization, skills, and expertise, MBA graduates may have access to attractive employment opportunities with high salaries and other significant benefits.

With an MBA degree, one can get jobs that involve team leadership and managerial responsibility, and a manager’s role encompasses various responsibilities such as planning, strategizing, executing, leading teams, coordinating with clients and other departments, delegating work, and reporting to higher authorities about project undertakings.

MBA Job Profiles & Salary

The salary earned by MBA graduates is typically determined by the specialization they choose. In India, specializations such as Finance, Marketing, General Management, Business Analytics, and Entrepreneurship are among the top-paying fields after graduation. The highest paying job positions after obtaining an MBA in India range from INR 5 to 30 LPA.

However, several important factors such as professional experience, industry background, the institute or college from which the MBA was completed, and the candidate’s job designation, also contribute to their initial MBA salary. It’s worth noting that the MBA graduate’s job market has undergone significant changes due to the rapid evolution of industries. Here is a list of some popular job options after an MBA and their corresponding salaries:

MBA Top Recruiters

In today’s job market, the scope of an MBA is vast. MBA graduates are highly sought after in every industry and domain. Many MBA institutes provide campus placements to their students upon completing their full-time MBA course for a smooth start to their careers. MBA degree holders are hired by all types of organizations, whether big or small, private or government, for various positions. Listed below are some of the top companies that hire MBA graduates through campus placements:

MBA (Master of Business Administration)

Finally, pursuing an MBA degree can be a significant career milestone for individuals seeking to excel in the corporate world. The course curriculum of the MBA covers various aspects of management, leadership, and technical skills that are highly valued by employers in every industry. Apart from the regular MBA course, candidates can choose from various specializations to acquire the requisite skills and expertise in a particular domain. The scope for MBA graduates in the current job market is vast, and they are in high demand by all types of organizations.

MBA graduates can pursue rewarding careers in a variety of fields, including finance, marketing, human resources, and general management. With the right specialization and expertise, MBA graduates can acquire attractive employment opportunities that offer high salary packages and other outstanding advantages. Therefore, pursuing an MBA degree can be a wise investment in one’s future career growth and success.