MBA Regular Course:
An MBA (Master of Business Administration) is a postgraduate degree focused on business administration. The core courses of an MBA program cover various areas of business administration such as accounting, applied statistics, human resources, business communication, business ethics, business law, strategic management, business strategy, finance, managerial economics, management, entrepreneurship, marketing, MBA Supply Chain Management, and operations management as it relates to management analysis. It was born in the United States at the beginning of the 20th century when the country was industrializing and companies were looking for scientific management.
Some programs also include elective courses and concentrations for further study in a particular area, for example, accounting, finance, marketing, and human resources, but an MBA is intended to be a generalized program. MBA programs in the United States typically require the completion of about forty to sixty credits (seventy to ninety in a one-fourth system), many above the thirty credits (thirty-six to forty-five in a term system) generally required for degrees covering some of the same material as the M.Sc. in Economics, ,
The Master of Business Administration, commonly known as MBA, is a prestigious postgraduate degree program that provides comprehensive training in business and management principles. It originated in 1908 when Harvard University Graduate School of Administration, now known as Harvard Business School, introduced it as the first-ever global postgraduate business degree. The MBA curriculum is carefully designed to develop a range of vital leadership skills, including strong analytical abilities, critical thinking, and effective decision-making. Additionally, an MBA program enhances communication skills and promotes teamwork, preparing students for successful leadership roles in diverse industries worldwide.
MBA (Master of Business Administration) Course Highlights
MBA is a two-year degree course that can be pursued only after completing graduation. Given below is the table indicating the key highlights of the MBA course:
|Full-Form||Master of Business Administration|
|Level of Degree||Post Graduate|
|Types of MBA Courses||Full-Time MBA, Part-Time MBA, Distance MBA, Online MBA, Executive MBA, Integrated MBA|
|Duration of degree||2 Years|
|Exam Type||Semester based|
|Age||No specific age limit|
|Subjects Required||Honors or Graduate’s degree recognized by UGC|
|Eligibility Criteria||50% in Graduation|
|Admission Process||Entrance Exam+ Group Discussion+ Personal Interview|
|Entrance Exams||CAT, MAT, XAT, CMAT, NMAT, ATMA, IIFT, IBSAT, SNAP, TISSNET, GMAT|
|Selection Process||Entrance Exam & Merit-Based (Private Colleges)|
|Top MBA Specialization in India||Sales, Marketing, Finance, Human Resources, IT, Operations, Digital Marketing, Business Analytics, Healthcare Management, etc.|
|Similar Options of Study||PGDM|
|Average Fees||INR 2 lakh to 27 lacs and above|
|Average Salary post-MBA||INR 5 lakh to 25 lacs per annum|
|Top Colleges in India||IIM Ahmedabad, IIM Indore, IIM Bangalore, FMS Delhi, IIM Calcutta, IIM Kozhikode, IIM Lucknow, SPJIMR Mumbai, XLRI, etc.|
|Scholarships||IDFC First Bank MBA Scholarship, Aditya Birla Scholarship, Yes Bank scholarship, India Carbon Scholarship, P.R. Karthik Scholarship|
|Top Recruiters||Boston Consulting Group, Mckinsey, Bain & Co, Morgan Stanley, Citibank, JP Morgan Chase, Amazon, Facebook, Google, Adobe, Deloitte, Apple, Bain & Company, Flipkart, Microsoft, Tesla, LinkedIn, PepsiCo, Unilever, Nike, Ernst & Young, and Deutsche Bank.|
|Job Profiles||HR Manager, Marketing Manager, Business Development Manager, Operations Manager, Business Analyst (IT), Senior Business Analyst, Financial Analyst, SAP Consultant, Marketing Executive, etc.|
MBA is the most straightforward way to accelerate your career. Students focus on the placement opportunities that come after completing an MBA degree. As the world is becoming more and more competitive it is becoming necessary to have managerial skills and knowledge. This will help an individual, lead a team in a field where he/she is an expert.
(i). Developing Managerial Skills
The syllabus Master of Business Administration focuses on providing knowledge and case studies that help manage a firm or company. It includes accounts, financial management, leadership skills, marketing knowledge, and much more.
(ii). Entrepreneurial Opportunity
Students acquire knowledge about running a business. This is very helpful for students who have a family business. The MBA will help in the smooth running of the business with better returns.
(iii). High Placement and Salary
According to reports, almost every student gets a hike after doing an MBA course. Colleges provide placement opportunities to students where students get a chance to choose from their dream companies. The average MBA Salary ranges from INR 7,00,000 to INR 9,00,000 which may rise to INR 15,00,000 to INR 20,00,000 depending on the college.
(iv). Different MBA Formats are Available
Students have the option of going for a Distance MBA, Online MBA, or even a Part-Time MBA course. Due to the high demand for MBA, colleges have introduced different types of MBA courses for people from different backgrounds. Online MBA and distance learning MBA are a boon for workers who cannot quit their job. Executive MBAs help individuals with high knowledge of the subject matter to gain managerial expertise.
(v). Building Connections
Apart from the placement opportunities the college also provides a platform to interact with other students or alumni. These connections help students to get into the companies they like or get the salary they want.
(vi). Diversify your Career Prospects
There are various MBA Specializations that help students to focus on any particular segment of business managem