The MBA is the most widely accepted graduate management degree in the world. Both employers and students are enamored with it. Each year, tens of thousands of ambitious professionals apply to various MBA programmes.
Since an MBA programme is a generalist degree, it provides you with core management knowledge. As a result, you’ll gain a comprehensive understanding of business, including marketing, finance, and accounting, all while honing those crucial soft skills and leadership abilities.
CEOs of large multinational corporations, prosperous business owners, and previous presidents are just a few notable MBA alumni. They all hold MBAs, including Sheryl Sandberg, Michael Bloomberg, Tim Cook, Satya Nadella, and Sundar Pichai.
Therefore, here we are offering you an insight into MBA and its various components- Course, Eligibility, Admission, Fees, Scope, Career, Specialization, Subjects & More!
What is MBA Degree?
MBA stands for Master of Business Administration. The MBA is the original graduate degree offered by business schools worldwide and was first offered by Harvard University Graduate School of Administration (now Harvard Business School) in 1908.
Employers will take notice of you more if they see “MBA” on your CV, but the degree’s genuine value extends beyond its three letters on a page. An MBA will improve your career and compensation possibilities while also enhancing your professional network and business expertise.
The most beneficial course for advancing students’ careers is the MBA programme. Today, many people are seeking MBAs in a variety of sectors. Students can pick from a wide range of specialisations in an MBA course, including finance, marketing management, advertising, and communication.
Various benefits the MBA Degree-
- It Cultivates Useful Abilities.
- Increases Network
- Cultivates Entrepreneurial Talents
- Enhances Management Capabilities
- Greater Pay Positions
- Better Alternatives for Careers
- Globally Accepted
- Increases Understanding and Refines Business Abilities
- Enhances Communication Abilities
What are the objectives of MBA?
Your career and future aspirations will be shaped by selecting the ideal MBA specialisation for you. You can find the highest paying jobs with an MBA if you have the right abilities and expertise. Here are a few job opportunities that you can pursue after earning your MBA.
| MBA – Full Form | Master of Business Administration |
| MBA – Course Level | Post Graduate |
| MBA – Course Duration | 1-2 years |
| MBA – Eligibility | A three-year degree with at least 50% of the total credits earned in any stream. |
| MBA – Course Fee | 5,00,000 – 18,00,000 |
| MBA – Examination Type | Written, Practical and Online |
| MBA – Admission Process | Post Entrance exams like- CAT, IIFT, XAT, NMAT, TISSNET, SNAP and more |
| MBA – Average Salary After Degree | 7,00,000 – 10,00,000 |
| MBA – Recruiting Companies After Degree | Samsung, Mahindra, Reliance, Vodafone, ICICI Bank, EXL, HDFC, Larsen & Tubro, JP Morgan Chase & Co. and many more |
What are various MBA categories and their duration?
Here is a list of various MBA categories and their duration –
| Categories | Duration |
| MBA full time | 1-2 years |
| Part time | 2+ years |
| Executive MBA | 1-2 years |
| Online MBA | 2+ years |
| Distance Education | 2-5 years |
| 5 year-integrated MBA | includes UG and PG degree |
What is the eligibility requirement for MBA?
A three-year degree with at least 50% of the total credits earned in any stream is the fundamental admission requirement for all types of MBA programmes. However, certain prestigious institutions, like IIM and IIT, demand a total of 60%. The required percentage is relaxed by 5% for students in reserved groups like OBC, SC, and ST.
Entrance exams to clear-
Top business colleges consider the CAT for admission. The CAT, IIFT, XAT, NMAT, TISSNET, SNAP, CMAT, IBSAT, MAT, ATMA, KIITEE, IBSAT, MICAT, TS ICET and GMAT are the best entrance exams for MBA admissions.
What Is The Admission Process For MBA?
MBA Admissions The majority of times, entrance exams are used to determine admission to all business schools. The following test kinds are available:
- On behalf of the other participating colleges, a prominent national B-school or testing organisation will administer a national-level exam. such as CAT, MAT, CMAT, or ATMA
- State-Level Test administered on behalf of the other participating universities in that state by a state level testing agency or a top state B-school. For instance, the institute-level tests MAH-CET, OJEE, KMAT, TANCET, or APICET are used to determine applicants for its own MBA programme.
- These scores may occasionally also be accepted by other B-schools as a requirement. Example: XAT, NMAT, SNAP, and IBSAT
- A university’s test is required for enrolment in MBA programmes offered by its affiliated colleges. such as KIITEE, LUMET, and HPU MAT
What is the fees for MBA course in India?
One of the most popular postgraduate programmes in India is the MBA. The typical tuition varies by region, college calibre, and whether or not the school is receiving government funding-
| College Categories | Fees |
| IIM Fees | 5,00,000 – 18,00,000 |
| IIT Fees | 2,00,000 – 5,00,000 |
| IGNOU Fees | 37,800 |
| Cheapest MBA Fees | 15,000 – 70,000 |
| MBA Fees in Private Colleges | 10,00,000 – 30,00,000 |
What is the MBA Syllabus?
Students enrolled in MBA programmes are exposed to a variety of topics. Students begin their two-year MBA programme with fundamental courses like Organizational Behaviour, Marketing, and Principles of Management, to mention a few. They are exposed to topics like entrepreneurship and business law, among others, in the second year. These disciplines are categorised by MBA colleges as core and electives, and students are given the option to select one of the electives. Listed below are some of the subjects in MBA course:
- Marketing
- Business planning
- HR management
- Business laws
- Finance management
- Principles of management
- Communication skills
- Business Communication
- Computer Application
- Entrepreneurship
- Retail management
- Organizational behaviour
- Taxation
- Project work
- Economics
- Business environment
What are the Specialisations in MBA?
Candidates have the option of pursuing an MBA with a specialisation outside of the standard MBA programme. Candidates can choose from a wide variety of MBA specialisations in India. Every applicant for an MBA programme is advised to select a branch or specialisation because doing so will better prepare them with the necessary abilities for careers in fields like finance, operations, human resources, sales, and marketing, to mention a few. Some important specialisations are listed below-
| Finance | Disaster Management |
| Agriculture & Food Business | Pharma |
| Infrastructure | Human Resources |
| Advertising | Retail |
| Marketing | Energy & Environment |
| Materials Management | Project Management |
| International Business | Operations |
| NGO Management | Rural Management |
| Sales | Import & Export |
| Oil & Gas | Product |
| Sports Management | Supply Chain |
| IT & Systems | Telecom |
| Entrepreneurship | Digital Marketing |
| Textile Management | Hospitality |
Career Options and Salary After MBA Course in India-
| Finance Manager | 9.6 LPA |
| Marketing Manager | 10 LPA |
| Sales Manager | 10 LPA |
| Human Resources Manager | 4 LPA |
| Operations Manager | 7 LPA |
| Product Manager | 15 LPA |
| Data Analytics Manager | 14 LPA |
| Digital Marketing Manager | 4.5 LPA |
| Advertising Sales Manager | 8.5 LPA |
| NGO Manager | 5 LPA |
| Project Manager | 13 LPA |
| Telecom Manager | 7 LPA |
| Transport & Logistics Manager | 6 LPA |
| Infrastructure Manager | 11 LPA |
| International Business Manager | 9 LPA |
| Risk Manager | 10 LPA |
| Energy & Environment Manager | 6 LPA |
| Import & Export Manager | 6 LPA |
| IT & Systems Manager | 7 LPA |
| Healthcare & Hospital Manager | 4 LPA |
| Materials Manager | 6 LPA |
| Retail Manager | 5 LPA |
| Supply Chain Manager | 8 LPA |
| Public Policy Manager | 7 LPA |
What is the scope of an MBA in India?
One of the most sought-after programmes for postgraduate students in India is the MBA. Students who complete the MBA programme will have a thorough understanding of business and how it operates. They also benefit from it by getting jobs in India or overseas. These courses are intended to help you advance your profession and résumé.
How to Choose Top MBA College?
Make your MBA college choice with our step-by-step process. Analyse MBA programmes carefully using the following criteria:
- Accepted Exam & it’s Cut Off: Make sure you’re eligible
- PGDM vs. MBA: cautiously choose the type of MBA college
- Fee: Calculate your whole spending, not simply your tuition fees: Verify Top Recruiters Ranking & Accreditation and Average Salary: rely only on the greatest faculty The most crucial factor, careful study
- Location: either favour top MBA cities or top colleges
- MBA generalist vs. MBA specialist: Complement your skills Legacy & Alumni Base: The Network Effect
- Facilities & Infrastructure: A positive environment promotes learning.
What Are The Top Companies Hiring MBA Graduates?
In the current work environment, an MBA has a very broad application. Every sector and field is in high demand for MBA graduates. After completing a full-time MBA programme, the majority of MBA colleges place their graduates on campus to ensure a successful start to their careers.
Every organisation, large or small, public or private, employs people with MBAs in a variety of positions. The top businesses that hire MBA graduates through campus placements are listed below:
- Samsung
- Mahindra
- ITC
- Reliance
- Vodafone
- ICICI Bank
- EXL
- HDFC
- Larsen & Tubro
- JP Morgan Chase & Co.
- HSBC
- PWC
- Philips
- McKinsey & Company
- Nestle
- Aditya Birla Group and more..
What Are The Benefits Of Pursuing MBA Course?
For individuals who are interested in a job in business and management, earning an MBA is an excellent decision because it will provide you with the necessary knowledge, abilities, and morals to blend in with the corporate world.
Studying for an MBA has several benefits, from expanding job options and earning potential to developing business management abilities and expanding your network.
- High salary potential One of the main benefits of studying an MBA is that it can increase your earning potential.
- Be your own boss
- Better career opportunities
- Ideal for business networking
- Specialise in your chosen subject
- Flexible studying
- Credibility
- Enhances knowledge and develops advanced business skills
What Are The Required Skills For MBA Course?
Here are the Top 6 Skills You Learn in an MBA Program
- Communication The ability to relay information and convey ideas with clarity is always vital. …
- Gathering and Using Data and analytics can help a business predict consumer behaviour, determine the ROI of marketing efforts or investments in new technology, identify market trends, and improve decision making.
- Leadership/Management/Negotiation
- Networking
- Strategic Thinking
- Technology Savviness
FAQs
1. What is the best option after MBA?
The Top 10 Jobs for MBA Graduates are as follows: Marketing Manager. Business Operations Manager. Health Services Manager. Financial Manager Computer and Information Systems Manager Investment Fund Manager, etc.
2. Is MBA easy or hard?
For the average student, an MBA is not challenging, but circumstances may vary.
Studying an MBA forces one to step outside of their comfort zone and prepares them to withstand the quickly changing corporate world by helping them use new management tools and practises.
3. Is MBA a good career?
MBA is one of the most potential careers at present. Every year lakhs of students admit and pass out with an MBA degree and secure flourishing jobs
4. How many years is MBA?
An ideal MBA course is 3 to 3 years long. Although as per the specialisation or the course type you choose the duration can vary.
Key Takeaways-
The Graduate Management Admission CouncilTM (GMACTM) reports that the pay increase, advancement to senior positions, people management, and working abroad are the top career incentives for prospective MBA students. These advantages are only a few of the many perks of earning an MBA. The MBA is for anyone, regardless of background, who wants to develop management skills and advance their career, whether they want to establish their own business, rise within their existing organisation, move functions, industries, locations, or all three at once.
According to Virginie Fougea, global director of admissions and financial aid at INSEAD, “an MBA is not just designed to equip students for their next job after graduation; it’s a life changing experience that enables students to make career changes five, 10-, and 15-years post-MBA thanks to the skills they learn and the network that lasts long after graduation.”
If you aspire to be an MBA graduate finding the right college can be difficult amid so many options and large amounts of fees. But we bring to you Krupanidhi Group of Institutes for MBA Course, one of the most recognized and well rated colleges for MBA. Due to various reasons –
- Established in 1985, the Krupanidhi Group of Institutions is a vast organisation with a student-cantered orientation that strives for excellence in quality education, research, and entrepreneurial development.
- Being recognised at the Melting Point 2020 Innovation Summit with the “INNOVATION AWARD”- “EXEMPLARY STUDENT DRIVEN INNOVATION ECOSYSTEM” for its research programme, Krupanidhi Research Incubator Program (K-RIC).
- According to KPMG India, Karnataka has the fastest-growing private education institution in Asia. The most recent one was in Forbes Great Indian Institute 2018–19, and AICTE awarded us Platinum status for the fourth consecutive year.
To know about Krupanidhi Group of Institutes and their MBA admissions eligibility visit their website today- https://krupanidhi.edu.in/