MBA is the abbreviation for Master of Business Administration. The MBA course duration is two years and is designed for those who desire to work in management as entrepreneurs, company executives, technocrats, or managers. This course includes marketing, entrepreneurial learning, organizational behavior, human resource management, and more.
|MBA course full-form||Master of Business Administration|
|MBA course level||Postgraduate|
|MBA course duration||2 years|
|MBA eligibility||Any bachelor’s degree|
|MBA course fee||INR 1- 25 lacs|
|MBA examination type||Semester pattern|
|MBA admission||Admissions based on Bachelor’s degree and entrance exam grades. No direct admission available.|
|MBA average salary||INR 8 lacs to INR 30 lacs annually|
|MBA recruiting companies||Boston Consulting Group, Amazon, JP Morgan Chase, Google, Adobe, etc.|
Eligibility for MBA is a Bachelor’s Degree in one of the following domains:
Any bachelor’s degree from a recognized institute is acceptable.
Is an entrance exam necessary for MBA?
It is impossible to get admission into the most exemplary MBA programs without taking an MBA entrance exam. Furthermore, there is no opportunity for direct MBA admission to prestigious universities. So, it is advised not to be misled by anybody promising immediate admission to premier B-schools. Many private colleges also provide direct admission to MBA programs based on their different entrance tests, personal interviews, or the candidate’s grade point average from high school.
The eligibility criteria for MBA different entrance exams are mentioned below:
MAT full form: Management Aptitude Test
Conducting body: All India Management Association (AIMA)
MAT eligibility for MBA: Any Graduate can enrol.
MAT exam syllabus:
Exam dates: Feb, May, Sep, Dec.
Exam fee: INR 1550
XAT Full Form: Xavier Aptitude Test
Conducting body: Xavier Labour Relations Institute (XLRI)
XAT eligibility for MBA: Candidates with any bachelor’s degree can enrol. Last year’s graduate students can also apply.
Exam date: Tentatively January (Check the official website)
Exam fee: INR 1700/-
IIFT full form: Indian Institute of Foreign Trade
Conducting body: Indian Institute of Foreign Trade
IIFT eligibility for MBA: Any Bachelor Degree holder can apply
IIFT exam date: Not fixed
IIFT exam fee: INR 1550/- for Gen and OBC, INR 775/- for SC/ST/PH
IIFT exam syllabus:
CMAT full form: Common Management Admission Test
Conducting body: AICTE
CMAT Eligibility: Candidates with any under degree with 50 percent marks, and last year gradudates can apply. For reserved candidates, 45 percent marks will be required.
CMAT Exam Syllabus:
Exam date: January
Exam fee: INR 1400/- for General. INR 700/- for females and reserved categories.
GMAT full form: Graduate Management Aptitude Test
Conducting body: GMAC
GMAT eligibility criteria for MBA: A degree from a renowned university. No age limit.
GMAT exam syllabus:
Exam date: February, March
Exam fee: INR 15000 to INR 16000/-
NMAT Full Form: NMIMS Management Aptitude Test
Conducting body: Graduate Management Admission Council (GMAC)
NMAT Eligibility: Minimum three years bachelor’s degree with 50% mark
NMAT exam syllabus:
Exam date: Not fixed
Exam fee: INR 2000
Business schools prefer candidates who’ve passed the CAT examinations. Several MBA universities do not ask for CAT tests but offer MBA admissions to help you advance your career.
You can pursue an MBA without taking the CAT, but consider the following:
The table shows the eligibility for MBA for different modes of MBA available in India.
|Type of MBA||Eligibility|
|Regular MBA||A bachelor’s degree from an accredited university with a 50 percent aggregate (45% for SC/ST/PwD) and qualifying score in the entrance test.|
|Executive MBA||A bachelor’s degree from an accredited college with a 50 percent aggregate.|
|Full-time work experience of at least two years and above.|
|The qualifying score for the MBA entrance test.|
|Distance MBA||Under graduation with 50 percent marks from an accredited university.|
|Minimum cut-off score in the distance entrance test.|
|Online MBA||Bachelors’ degree from any domain with an aggregate score of 50% (45% for SC/ST/PwD) from an accredited university.|
|Qualifying scores in MBA entrance tests like CAT, XAT, MAT, etc. Aspirants with work experience are preferred.|
|No MBA age limit.|
|MBA Abroad||Bachelors’ degree from any domain from an accredited university.|
|Minimum work experience of 3 to 5 years. Qualifying score in GMAT.|
|Passing scores in language proficiency exams like TOEFL and IELTS.|
Apply for the MBA course
Candidates can apply online or in person. Applicants are free to apply to the institutions or universities of their choice. To be considered for subsequent admission rounds, one must score higher than the university’s minimum qualifying percentage.
Selection criteria for MBA
Following the written test, special group meetings and personal interview rounds are undertaken to create the final merit list of nominees. After evaluations have been completed, universities publish the results and publish a merit list of selected applicants.
Selections are made after a variety of evaluations, namely:
The final allotment of candidates’ seats will occur after the completion of the admission process.
The candidate must pay the offline/online MBA fees and enrol for the respective academic year.
Higher education opportunities after MBA
These courses after MBA can help you to enhance your skills, improve your resume, and contribute to career-oriented personality development. Students, after finishing their MBA, can also enrol for a PhD course.
Higher education opportunities after the MBA course are
The starting salary depends on the location, role, company, and domain. Several programs offer an Online MBA with placement assistance in the top companies, which can increase the chances of an aspirant landing high-paying packages. Here we have some job roles with the average pay scale for MBA graduates in India.
|Job Role||Average Salary|
|Finance||INR 2 lacs to INR 14.7 lacs|
|Human Resource Management||INR 4.5 lacs to INR 15.5 lacs|
|Information Technology||INR 10,000 to INR 6 lacs|
|Logistics Management||INR 6.25 lacs to INR 8.5 lacs|
|Credit Management||INR 5.8 lacs|
|Accounting Management||INR 7.1 lacs|
|Corporate Controllers||INR 12.2 lacs|
|Financial Analytics||INR 4.12 lacs|
|Marketing Management||INR 14.3 lacs to INR 20.4 lacs|
|Human Resources Manager||INR 7.05 lacs|
|Senior Human Resources Consultant||INR 11.6 lacs|
|HR Operations Manager||INR 8.74 lacs|
|Employee Relations Manager||INR 7.3 lacs|
MBA – Finance
Financial Management is a renowned worldwide recognized MBA concentration that allows students to work anywhere in the world with enormous development opportunities in retail banking, financial services, insurance, and other industries. It is primarily concerned with the planning, management, and regulation of any industry’s or individual’s financial resources/assets.
Types of Jobs
MBA – Marketing
Marketing Management is primarily concerned with conventional marketing, that is, selling your ideas and concepts. Your primary objectives will be branding, sales, distribution routes and tactics, market research, and customer behavior.
Digital Marketing is occasionally hitting new heights with the market being more digitally active. The MBA does not cover digital marketing in depth. So, if you want to pursue certification courses after earning your MBA in Marketing, Digital Marketing is the ideal choice. The opportunities in Digital Marketing will be limitless.
Types of MBA in Marketing jobs:
MBA – Human Resources
Human Resources (HR) management is the study of managing a company’s most valuable asset: its employees. To engage with Human Resources both inside and outside the organization, you must go beyond broad understanding and go deeper.
HR Managers must concentrate on various industries. They are as follows:
MBA – Operations
Operations Management (OM) is constantly refining and updating as practices and procedures develop, necessitating maximum efficiency. You can pursue MBA courses in India, such as Six Sigma and Lean techniques for advancement in Operations Management.
Types of Operations in Marketing jobs:
Obtaining an MBA degree is a long-term investment that will provide you with a platform for everlasting earning potential. Investing in an MBA degree today will pay rewards in the future.
Now that you know about MBA courses, eligibility for MBA, and career choices after MBA, go ahead and make a rewarding career in this field.