MBA: Full Form, Course, Admission 2024, Fees, Syllabus, Entrance Exams, Scope

MBA is a postgraduate degree programme in the field of management and business administration. MBA full form is Master of Business Administration, which can be pursued by students from any background. In India more than 4500 private, government colleges and deemed universities offer MBA degree programmes in various specialisations, such as Finance, Human Resource, Digital Marketing and Retail Management.

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This Story also Contains

1. What is the Full Form of MBA?
2. Highlights- MBA (Master of Business Administration)
3. Why Choose an MBA Course?
4. Types of MBA Courses
5. List of MBA Specialisations
6. MBA Eligibility Criteria
7. Top MBA Entrance Exams in India
8. Important Dates for the MBA Entrance Examination
9. MBA Fee Structure
10. Top Private MBA Colleges in India with Fees
11. Top Government MBA Colleges in India with Fees
12. What After MBA?
13. Salary After MBA

The average package of IIM Calcutta is Rs. 35.07 LPA in 2023 placement record. The median salary of Indian Institute of Management Kozhikode is Rs. 27 LPA and the average salary of the female students is Rs. 31.93 LPA. Students who have completed 10+2+3 are eligible for the MBA degree programme. Some of the entrance exams for MBA degrees are CAT, MAT, XAT.

What is the Full Form of MBA?

MBA full form is Master of Business Administration, is a two-year postgraduate degree programme in business administration. There are several MBA specialisations, such as accounting, financial management, cost and management accounting, human resource management, marketing, and strategic management.

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• MBA Full Form in Hindi
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Highlights- MBA (Master of Business Administration)

Why Choose an MBA Course?

Many colleges offer the MBA course programme, which is a popular master's degree programme in business, management, and commerce. Establishing strong social and professional networks while attending colleges and developing MBA skills which may lead to more MBA employment opportunities. The best MBA programmes provide thorough, organised instruction that is centred on business goals.

MBA in India offers a variety of customisable specialisations that can be pursued by both undergraduates and working professionals. Graduates of tier-one business schools in the world, such as IIM Ahmedabad, IIM Bangalore, MDI Gurgaon, and FMS Delhi, earn roughly Rs. 20 lakhs per year on average.

Master of Business Administration jobs are in high demand in corporate and business organisations. In India, earning an MBA online degree or on campus opens the door to a myriad of job prospects. Some of the advantages are high remuneration, various job opportunities, exposure to multiple industries, and career advancement.

Types of MBA Courses

MBA degree programme is one of the popular courses among students who want to pursue a management degree at the postgraduate level. MBA degrees can be offered in multiple types based on the mode of education, such as distance and online mode, which help students to complete the course programme at their convenience. Some of the types of MBA courses are:

• Global MBA
• Online MBA
• Distance MBA
• Executive MBA

List of MBA Specialisations

MBA degree has various specialisations that focus on general business administration along with the specific topics. Some of the most sought-after MBA specialisations are Finance, HR, Marketing Management, and Banking and Finance Management. In recent times, colleges are offering new specialisations, such as MBA in FinTech, Artificial Intelligence, Data Analytics and Aviation Management.

MBA Eligibility Criteria

Depending on the type of Master of Business Administration or MBA course, different MBA eligibility criteria is required to apply for it. B.Tech, BBA, BCA, B.Com, BA, and BSc graduates can pursue an MBA course as it is one of the most crucial degrees for the majority of managerial-level jobs across all industries and sectors.

Who Can Do MBA?

Students from any stream, such as Science, Humanities and Commerce can study Master of Business Administration or MBA course. In this section, we have discussed the MBA eligibility criteria:

• Applicants must have completed or be in the last year of a bachelor's degree in any stream with a minimum three-year duration.
• B.Tech, BBA, B.Sc, BA, B.Com are some of the most common bachelor's degree programmes.
• Candidates should have a score of at least 50 per cent throughout their bachelor's degree. (In the case of IIMs, it is 60 per cent).
• Applicants must have received a minimum of 60 per cent in their 10+2 from a recognised board in India.
• Candidates must have passed the entrance exam and meet the MBA cutoff requirements set by the MBA colleges.

MBA Course Duration

MBA course duration is two years, which is divided into four semesters. The first year of the course covers the general management curriculum and the second year offers advanced knowledge on the particular specialisations. Although the MBA duration can vary depending on the type, an executive MBA duration is one year whereas the regular MBA is two years.

Also read: Top Online MBA Specialisations To Pursue

Skills Required for MBA Course

Candidates who opt for an MBA course is anticipated to work in management in a business after graduation. To succeed, candidates must possess the requisite leadership abilities and traits. MBA qualification not only includes the bachelor's degree but also some major skills like, managerial, analytical and decision-making skills.

• Learning skills
• Analytical skills
• Managerial skills
• Communication skills
• Decision-making skills

Top MBA Entrance Exams in India

MBA degree requires applicants to pass entrance exams such as the Common Admission Test (CAT), Xavier Aptitude Test (XAT), Management Aptitude Test (MAT), and NMAT in order to get admission to top MBA Colleges in India. Some of the MBA entrance examinations are mentioned in this section.

Important Dates for the MBA Entrance Examination

Students who want to pursue MBA degree programme, need to appear for the CAT or MAT entrance examination. Colleges in India offer admission based on the cutoff of the below-mentioned entrance examinations. In the table below, we have mentioned the important dates of CAT 2024 and MAT 2024:

Top MBA Colleges Accepting Popular MBA Entrance Exams

The MBA entrance exams for students are conducted by several colleges in India. As per the MBA degree eligibility standards and entrance requirements, the top management colleges in India accept a number of entrance exams.

Read more: Which One to Choose: Regular MBA vs Online MBA?

MBA Admission Process

According to how well students perform on the entrance exams, candidates are accepted for MBA courses in India's top management colleges. The MBA admissions process is based on the merit list of these MBA colleges in India, although some colleges decide to conduct their own entrance tests. In this section, we have mentioned the types of the MBA admission process.

MBA Admission Based on Merit

Admission to MBA (Master of Business Administration) courses in top private colleges in India as well as government colleges in India is based on the level of examination held by the relevant state or national organisations. The MBA admission process is carried out entirely on the basis of MBA entrance exams.

MBA Admission Based on the Entrance Examination

All qualified students must be able to pass the MBA entrance exams for the specific management college of their choice if they want to enrol in a Master of Business Administration programme in India. Additionally, they must successfully pass an entrance examination and interview procedures before being chosen.

National Entrance Test: There are many entrance exams that are conducted at the National level for MBA admission. Some of the top national-level MBA entrance exams are CAT, MAT, XAT, ATMA, CMAT, and IIFT.

State-level MBA Admission: In addition to national-level MBA entrance examinations, various states also conduct their own MBA entrance test for admission. Qualifying candidates can take admission to any of the participating colleges across the state. Some of the top State-level exams include MAH MBA CET, OJEE MBA, TANCET, APICET, KMAT.

University Entrance Test: Some of the reputed MBA colleges conduct various tests at the university level for the admission of their students. Such university-level tests are NMAT/NMIMS, CUSAT, SNAP, IPU CET.

MBA Fee Structure

The MBA fee structure varies depending on the college. The MBA fees may vary based on the resources that students can access through their colleges in India. Students may also use the amenities provided by the university. In addition to all of these services, the MBA fees also cover the tuition fee.

The average MBA fee structure for top MBA colleges in India such as IIMs, SPJIMR, and MDI Gurgaon is around Rs. 20 lakhs to Rs. 25 lakhs for the entire MBA course. Additionally, other government colleges in India charge minimal average MBA fees of around Rs. 50,000 to Rs. four lakhs per annum.

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• 11 Cheapest Colleges to Study MBA Course in India
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MBA Cutoff for Top MBA Colleges

MBA cutoff depends on various factor, majorly on the entrance examination, such as CAT, MAT, XAT, NMAT. Other parameters are the number of applicants and difficulty level of the entrance exam. The details of the MBA cut-offs are also mentioned in the batch profile and the category and specialisation-wise rankings. The top MBA schools in India are listed below with their MBA cutoffs.

Browse MBA Colleges Accepting CAT Score: Location-Wise

The table below depicts the top MBA Colleges in India Accepting CAT scores. The list is prepared based on the top locations in India.

• MBA College in India Accepting CAT Score
• MBA College in Delhi Accepting CAT Score
• MBA College in Pune Accepting CAT Score
• MBA College in Kolkata Accepting CAT Score
• MBA College in Chennai Accepting CAT Score
• MBA College in Mumbai Accepting CAT Score
• MBA College in Bangalore Accepting CAT Score
• MBA College in Delhi NCR Accepting CAT Score
• MBA College in Ahmedabad Accepting CAT Score
• MBA College in Hyderabad Accepting CAT Score

MBA Syllabus/Subjects

MBA course duration is of two-year which is divided into four semesters and an internship. In the tables below, we have mentioned MBA courses list and MBA courses subjects that are divided into four semesters. In the first and second table, we have mentioned the MBA 1st year subjects and 2nd-year subjects respectively.

MBA 1st Year Subjects

MBA 1st year syllabus covers the introductory subjects of the MBA degree programme. Some of the subjects are Business Communication, Business Research Methods, Organisational Behaviour, Management Science, Computer Applications and Management Information System and Economic Environment of Business. In the table below we have discussed the MBA first year syllabus.

MBA 2nd Year Subjects

MBA 2nd year subjects are majorly focused on the specific specialisation, that students choose according to their preference. In the table below, we have mentioned the MBA syllabus for 2nd year.

Browse Top MBA Colleges By Location

There are various best MBA colleges in India which offer quality management education and top specialisations according to the candidate’s interest. Some of these colleges in India are popular owing to their prime location and close proximity to industrial and business corporations. In the table below, we have mentioned the MBA colleges in India by location as mentioned below:

• MBA Colleges in Delhi
• MBA Colleges in Pune
• MBA Colleges in Jaipur
• MBA Colleges in Kolkata
• MBA Colleges in Bhopal
• MBA Colleges in Mumbai
• MBA Colleges in Chennai
• MBA Colleges in Bangalore

Browse MBA Colleges By States

There are various B-schools in India which offer quality education and in various specialisations. In the table below, we have mentioned the B-schools in India by states as mentioned below:

• MBA Colleges in UP
• MBA Colleges in MP
• MBA Colleges in Punjab
• MBA Colleges in Karnataka
• MBA Colleges in Telangana
• MBA Colleges in Tamil Nadu
• MBA Colleges in Maharashtra
• MBA Colleges in Andhra Pradesh

Top Private MBA Colleges in India with Fees

In India, there are a number of private MBA colleges in India offering MBA programs. Private colleges are significantly more expensive than public universities. Some of the top private colleges and also MBA course fees are discussed below:

Top Government MBA Colleges in India with Fees

Attending a government-run management college is less expensive than attending a private college. These government colleges are well-known for their high academic standards throughout India. The following are some of the best government colleges and also MBA course fees:

What After MBA?

After pursuing MBA in India, students can either start working as full-time professionals or pursue their own startup or higher studies. There are various companies that offer MBA jobs to graduates with appropriate skills and experience.

Option 1: After completing an MBA degree programme, candidates can start working as full-time employees in the corporate sector with an average salary of around Rs. 12 lakhs per annum.

Option 2: Candidates can also choose to pursue a PhD programme in management or a related field.

MBA Employment Opportunities

Many students take up MBA degrees in order to get a job after completing their studies. After getting an MBA degree, many of them find MBA job opportunities in various industries such as Human Resources, Finance, and Operations.

Manager: A manager is responsible for the management of a team, department, or organisation. He or she works as a leader of a team and supervises the work of its members.

Sales Manager: A sales manager is responsible for the management of all the tasks involved in the sales process. This professional is also responsible for ensuring that the targets are met and that profits are maximised.

Marketing Manager: A marketing manager is responsible for various tasks and responsibilities related to marketing such as campaigns, sales tasks, client proposals and marketing of different products.

HR Manager: A human resource manager is responsible for the management of the human resources function of an organisation. His or her responsibilities include the recruitment process, employee relations, and professional dispute resolution.

Salary After MBA

MBA salary depends on the MBA specialisation chosen by the students. After pursuing an MBA course in India, the average MBA salary is around Rs 4,00,000 to Rs. 32,00,000 per annum. The types of MBA jobs you can eventually end up in will depend on the MBA specialisation you choose. Having the right one can help boost your resume and improve your chances of landing an MBA job.

Most of the time, management students are selected from the marketing specialisation. MBA specialisation, experience, industry, college, and designation are some of the important factors on which the MBA salary depends. In the table below, we have mentioned the salary of MBA graduates in India.

Read more: Advantages and Disadvantages of Online MBA Course

Top Recruiters

Many recruiters hire MBA freshers for various job openings in different sectors once they complete an MBA programme. The top recruiters in a wide range of industries who offer MBA jobs are listed below.

• Google
• Deloitte
• Flipkart
• Amazon
• Microsoft
• Larsen & Toubro

MBA is one of the sought after courses for students after graduation and also benefits working professionals to excel in their careers. MBA degree programme equips candidates with various management knowledge and skills. Some of the career options that candidates can choose after completing an MBA programme are Manager, Sales Manager, Marketing Manager, HR Manager.