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The MBA programme is one of the most popular choices for both professionals and students in the industry. The Master of Business Administration (MBA) is a full-time, 2-year postgraduate degree that covers a wide range of general management and business techniques with an emphasis on practical issues. An MBA programme may advance your career and provide you with several options to raise your income and status in the workforce. The XAT, CMAT, MAT, GMAT, and NMAT are a few tests that are used to determine admission to MBA programmes. An MBA opens doors to senior management positions. Along with MBA entrance tests and GD-PI rounds, a participant’s educational and professional background also plays a role in their admission to an MBA programme in India.
What is an MBA?
The MBA degree is an academic course that focuses on management and marketing. It covers topics including marketing, supply chain management, operations management, management principles and organisational behaviour. Top MBA employers include Citigroup, Deloitte, Bain & Company, Facebook, Amazon, Apple and Accenture. Middle management positions like finance manager, strategy manager, product manager, HR manager, etc. are often available for MBA graduates. Individuals who get an MBA can find employment with salaries ranging from INR 8 lakhs to INR 30 lakhs annually.
MBA Course Overview
MBA is a 2-year master’s degree that can only be undertaken after graduating. The table below lists the major features of the MBA course:
| Features | Details |
| Course Name | MBA |
| MBA Full Form | Master of Business Administration |
| Course Level | Post Graduation |
| Types of MBA |
|
| MBA Course Fee | INR 2 lakh to 27 lakh and above |
| MBA Admission Process |
|
| Top MBA Entrance Exams | CAT, NMAT, ATMA, MAT, XAT, CMAT, IIFT, IBSAT |
| Top MBA Colleges | Most popular colleges include IIM Ahmedabad, IIM Calcutta, IIM Bangalore, IIM Lucknow, SPJIMR Mumbai, FMS Delhi, IIM Indore, XLRI, and IIM Kozhikode among others |
| Top MBA Specialisations |
|
| Average Salary post-MBA | INR 8 lakh to 30 lakh per annum |
| Top Recruiters post-MBA | Boston Consulting Group, Bain & Co, Mckinsey, Morgan Stanley, JP Morgan Chase, Citibank, Amazon, Google, Facebook, Adobe, etc. |
Types of MBA Specialisations
Candidates have the option of pursuing an MBA with a specialisation other than the regular MBA programme. Applicants can choose from a diverse range of MBA specialisations in India. Every applicant should select a branch/specialisation for their MBA degree since doing so better prepares them with the necessary abilities for particular domains. The following is a list of the top MBA specialisations:
| MBA specialisations List | |
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MBA Course Streams
Students enrolled in MBA programmes are exposed to a diverse range of topics. These disciplines are categorised by MBA institutions as core and electives, and students are given the option to select one of the electives. The following are some of the streams in the MBA course:
- Business Communication
- Business environment
- Business laws
- Business planning
- Communication skills
- Computer Application
- Economics
- Entrepreneurship
- Finance management
- HR management
- Marketing
- Organisational behaviour
- Principles of management
- Project work
- Retail management
- Taxation
MBA Eligibility Criteria
The following are the full-time MBA eligibility requirements:
- The primary prerequisite for enrollment in the MBA (full-time) course is graduation in any field or a degree comparable from an accredited university.
- The majority of universities require a minimum average score of 50% or comparable for graduation.
- Applicants in the Reserved Category must receive a minimum overall score of 45%.
- As long as they can provide proof that their degree was achieved within the timeframe stipulated by the institute, applicants in their final year are also eligible to apply for an MBA.
- MBA programmes are open to professionals with degrees in CA, CS, ICWAI, and other professions.
Top MBA Entrance Exams
Admission to MBA courses at Tier 1 & 2 B-Schools is determined by entrance exam results. The major MBA tests that can be used to get into different business schools are listed below, along with the registration deadlines for the next academic year:
| MBA Entrance Exams | Registration Deadline |
| CAT | September 14, 2022 |
| CMAT | Exam already conducted |
| SNAP | November 24, 2022 |
| IIFT | Starts in September |
| XAT | November 30, 2022 |
| MAT | September 13, 2022 |
| NMAT | October 10, 2022 |
| ATMA | Exam already conducted |
Top MBA Colleges by exam
The two most popular MBA admission examinations in India in terms of acceptability are CAT and CMAT. More than 1000 B-schools in India recognise the results of these two tests. More than 600 B-Schools in India recognise the MAT and ATMA test grades. The top MBA schools by entrance exam are shown in the table below:
MBA Exams | Top MBA colleges by Exam |
Common Admission Test (CAT) 2022 | IIMs, MDI, IITs, FMS Delhi, SPJIMR, IMI, IMT |
Xavier Aptitude Test – XAT 2023 | XLRI, TAPMI, Great Lakes, XIMB, IMI, IMT |
NMAT by GMAC 2022 | NMIMS, XUB, VIT Vellore, K J Somaiya, SD Bacconi Asia Centre |
SNAP 2022 | SIBM Pune, SIOM & 12 Other Symbiosis colleges, SCMHRD |
CMAT 2023 | GIM Goa, IFMR, Welingkar, BIMTECH, K J Somaiya, Jaipuria, N L Dalmia |
MAT 2022 (September) | JAGSoM, Jaipuria, BIMTECH (Specialized PGDM), IPE Hyderabad, JIMS, NDIM |
ATMA 2022 (July) | Welingkar, IMS, CIMR, SOIL |
GMAT 2022 | SPJIMR, IMI, FORE, LBSIM, IMT, XIMB, TAPMI, GIM Goa |
The MBA programme helps students develop their professional abilities and make solid professional and social connections, which can open up more employment prospects. Top MBA programmes offer education that is thorough, well-structured, and customised to the goals of the firm. Both working professionals and university graduates can pursue several customised specialisations through the MBA programme. Students of the top tier 1 business schools, including IIM Ahmedabad, MDI Gurgaon, IIM Bangalore, and FMS Delhi, get an average salary of around Rs 20 lakh per year. In business and corporate organisations, there is a considerable demand for MBA jobs. Having an MBA in India gives you access to a wide range of employment opportunities.
