MBA-Master of Business Administration
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MBA-Master of Business Administration
About the course
Master of Business Administration(MBA) is the most sought-after post-graduate course. It can be pursued by students of any stream. Most managerial posts in India demand an MBA degree. It is a 2-year course directed towards instilling managerial skills, a marketing mindset, and leadership qualities in students.
The types of MBA open for students are:
1. Full-time- 2 years
Requirement- Bachelor’s Degree with at least 50% marks
Fees- 2 lakhs to 25 lakhs
2. Part-time- 2 to 3 years
Requirement- Bachelor’s Degree with at least 50% marks
Fees- 1 lakh to 10 lakhs
3. Distance- 2 to 5 years
Requirement- Bachelor’s Degree with at least 50% marks
Fees- 40K to 70K
4. Online- 1 to 3 years
Requirement- Bachelor’s Degree with at least 50% marks
Fees- 40K to 80K
5. Executive- 15 to 19 months
Requirement- Bachelor’s Degree with at least 50% marks + 5 years of Work Experience
Fees- 15 lakhs to 25 lakhs
6. Integrated- 5 years
Requirement- Bachelor’s Degree with at least 50% marks
Courses- BBA + MBA, BTech + MBA
7. 1 Year MBA
Requirement- Bachelor’s Degree with at least 50% marks + Work Experience
Fees- 7 lakhs to 24 lakhs
The pivotal topics of an MBA include Organizational Behaviour, Marketing, Principles of Management, HR Management, Operations Management, Supply Chain Management, Business Planning, Finance Management, Business Law, Economics, Computer Applications, Business Communication, Entrepreneurship, etc.
The major specializations include:
- Sales
- Marketing
- Finance
- HR
- Digital Marketing
- Operations
- Business Analytics
Scope:
MBA is a highly beneficial course that provides top-level career opportunities and a great salary. It allows students to learn the skill of entrepreneurship and even start their own businesses. It helps in networking with various people and brands.
The primary job roles are:
- Project Manager
- Finance Manager
- Marketing Manager
- Bank Manager
- HR Manager
- Strategy Manager
- Airport Manager
- Hotel Manager
The Top recruiters include:
- Amazon
- Apple
- Deloitte
- Accenture
- JP Morgan Chase
- Bain and Company
The Best Colleges for MBA in India are:
- IIM Ahmedabad
- IIM Bangalore
- IIM Calcutta
- IIM Lucknow
- IIM Indore
- XLRI Jamshedpur
- FMS Delhi
- ISB Hyderabad
- SPJIMR Mumbai
Course Fees:
The course fees range from 10 lakhs to 25 lakhs. Some popular government colleges have course fees of less than 10 lakhs.
Admission to these colleges is done through popular entrance tests such as CAT, MAT, CMAT, XAT, etc. The entrance test is mostly followed by a Personality Assessment Test round which comprises of Group Discussion(GD), Written Ability Test(WAT), and Personal Interview(PI).
Some colleges provide admission to MBA without the need to qualify for entrance exams. This is done through Management Quota. Students get direct admission and they are further trained for the MAT exam.
MBA Colleges have high fees which are not affordable for all. To solve this problem and allow capable students to pursue MBA, some scholarships are provided. These include:
- IDFC First Bank MBA Scholarship
- Aditya Birla Scholarship
- Yes Bank Scholarship
- India Carbon Scholarship
MBA Abroad
Students who aspire to pursue MBA from colleges abroad have to clear the entrance tests, GMAT and TOEFL/ IELTS. Most abroad colleges demand work experience of 3 to 5 years. The fees of these collections are pretty high ranging from 80 lakhs to 1 Crore.
