MBA Overview
Master of Business Administration is the full version of MBA. The focus of this two-year postgraduate degree is business administration. Knowledge of a variety of business administration topics is imparted through the major MBA subjects, including Managerial Economics, Supply Chain Management, Operations Management, Strategic Management, Finance, Marketing, Accounting, Business Communication, Business Ethics, Human Resources, Business Law, Business Strategy, and Business Ethics. Millions of students worldwide choose the MBA each year as the most sought-after and best degree in the field of management.
Today, there is a demand for qualified managers in every economic area, from marketing to tourism and healthcare, and there are many MBA opportunities available, including finance manager, marketing manager, media planner, product manager, sales manager, and more. Depending on their area of specialization and the industry they are seeking work in, young graduates can earn an average annual salary of INR 2-4 lakhs.
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MBA Highlights
MBA is a professional master’s degree which helps people to work on prestigious posts in big companies. Normally anyone can pursue this course after graduation course, irrespective of whether he has completed his graduation from any stream. Take a look at the significant MBA highlights listed below:
Specifics | Details |
Name of the Course | MBA or Master of Business Administration |
Course Level | Post Graduate |
Course Duration | 2 Years |
Semester/Yearly | Semester |
Types of MBA | Full-Time MBA, Part-Time MBA, Distance MBA, Online MBA, Executive MBA, Integrated MBA |
Top MBA Specializations in India | Sales, Marketing, Finance, Human Resources, IT, Operations, Digital Marketing, Business Analytics |
Admission Process | Entrance Exam & Merit-Based (Private Colleges) |
Aggregate Marks Required for Admissions | 50-60% |
Minimum Qualification Requirement | Undergraduate Programme |
Popular Entrance Exams | CAT, MAT, XAT, ATMA, SNAP, TISSNET, CMAT, NMAT, GMAT |
Top B-Schools in India | IIM Ahmedabad, IIM Indore, IIM Bangalore, FMS Delhi, IIM Calcutta, IIM Kozhikode, IIM Lucknow, SPJIMR Mumbai, XLRI, etc |
MBA Fees in India | INR 5 to 25 Lakh |
Average Starting MBA Salary | INR 5 to 22 Lakhs Per Annum |
MBA Full Form
Master of Business Administration, or Master in Business Administration, is the full form of the MBA. A Master of Business Administration (MBA) is a postgraduate program that provides a comprehensive education in business and management. Focused on developing leadership skills, strategic thinking, and a deep understanding of various business aspects, an MBA equips individuals for managerial roles across diverse industries, fostering career advancement and entrepreneurial endeavors.
Why Choose an MBA Degree?
The MBA is a highly recognized degree in the world that is chosen by those who want to learn about business procedures. some of the following reasons for obtaining an MBA program.
Developing Managerial Skills
An MBA program helps candidates prepare for a variety of managing responsibilities by nurturing the development of managerial and business expertise. Communication, analysis, reasoning, comprehension, and many other critical abilities are also taught in an MBA program.
Developing Leadership Skills
One can get leadership positions in prestigious companies all over the world with an MBA. It equips a candidate to take charge of a group, effectively communicate ideas to teammates, make decisions that may affect hundreds of people, and maintain the smooth running of the company.
Better Career Options
An MBA from a reputable institution enables one to get high-paying jobs in some of the largest companies, both domestically and internationally. A lot of working people get an MBA in order to advance in their jobs and seize new chances.
Entrepreneurial Skill Development
With an MBA, students can better grasp how businesses operate and what makes them successful, which will aid them when they take on entrepreneurial positions and launch their own businesses.
Global Exposure to Business and Economy
Professionals in the management field are exposed to international economies and businesses. Taking jobs following an MBA can teach one about management and worldwide business administration.
What is an Online MBA ?
For individuals who are too busy with other duties to attend courses, an online MBA program is a fantastic choice. You enroll in the online course if you’re a working professional who can’t commit the time to a full-time MBA program or if you just need to earn a degree from the comfort of your home. Both the live and recorded lectures are offered for the online classes.
The curriculum is specifically created to guarantee that students understand the course’s fundamental principles and acquire the required abilities. By completing the application form, candidates might get admitted to any preferred college in the nation from any city. Among the best universities offering online MBA programs are Subharti University, Chandigarh University, LPU, and Symbiosis Centre for Distance Learning. The annual course fees range, roughly, from INR 20,000 to INR 2 lakhs.
Difference Between MBA and PGDM
MBA and PGDM are both postgraduate business management programs. But there are some key differences between them discussed in the below table.
Point of Difference | MBA | PGDM |
Full Name | Master of Business Administration | Post Graduate Diploma in Management |
Qualification | Master's degree awarded by affiliated colleges or universities | Postgraduate diploma awarded by autonomous institutes or business schools. |
Affiliation and Recognition | Provided by universities and are governed by the rules and endorsement of the relevant university and authorities in higher education. | Offered by autonomous institutes and are approved by bodies like AICTE, but the curriculum and evaluation methods are set by the institute itself. |
Curriculum Flexibility | limited options for courses to choose from. | More flexibility in the curriculum's creation. |
Emphasis on Practical Skills | Depending on the university and the particular curriculum, a theoretical approach combined with a combination of practical exposure. | Place a strong emphasis on hands-on learning and exposure to the real world through workshops, industry projects, and internships. |
Duration | 2 Years | 1-2 Years |
Admission Criteria | Entrance Exam + Merit | Entrance Exam + Merit |
Global Recognition | Global recognition and respect are accorded to MBA degrees awarded by reputable universities. | Varying levels of international recognition based on the standing of the organization providing the course |
Types of MBA Programs
Type of MBA Program | Course Duration | Eligibility Criteria |
Full-Time MBA | 2 Years | Graduation in any discipline |
Part-Time MBA | 2-4 Years | Graduation |
One year MBA | 12-15 Months | Graduation with 2-5+ years of experience |
Executive MBA | 1-2 Years | Graduation with 5-10 years of work experience |
Online MBA | 2 Years | Graduation |
Distance MBA | 2-4 Years | Graduation in any discipline |
Integrated MBA | 5 Years | Minimum aggregate score in 10+2 |
List of Popular MBA Specializations
More than 50 MBA specialties are available, serving a range of sectors and professions. Candidates can select the professional path that best suits them based on their interests. See which MBA concentrations are most in-demand in India by looking at the list below.
- MBA in Human Resources Management
- MBA in Finance
- MBA in Information Technology
- MBA in International Business
- MBA in Entrepreneurship
- MBA in Hospital Management
- MBA in Marketing
- MBA in Business Analytics
- MBA in Project Management
- MBA in Logistics and Supply Chain Management
- MBA in Travel and Tourism Management
- MBA in Hotel Management
- MBA in Banking and Insurance
- MBA in Accounting
- MBA in Digital Marketing
- MBA in Pharmaceutical Management
- MBA in Event Management
- MBA in Sales Management
