MBA
Latest Updates:
- TANCET 2024: The TANCET 2024 exam is scheduled to be held on Mar 9, 2024.
- OJEE 2024: The OJEE 2024 exam date is May 6 – May 10, 2024.
- MAH MBA CET 2024: The Maharashtra State CET Cell will conduct the MAH CET MBA 2024 exam on Mar 9-10, 2024.
The MBA Course, which stands for Master of Business Administration, is a program for candidates who are planning to pursue their careers in management.
Candidates can check the eligibility criteria, some of the top MBA colleges in India, and their ranking based on their annual placement reports, the admission process, and the wide range of job opportunities with this program.
Table of Content
What is an MBA?
MBA (Master of Business Administration) is a two-year postgraduate program that helps students gain the knowledge and abilities needed to succeed in the business world.
Candidates can pursue their MBA in different specializations such as Finance, Marketing, Operations, Human Resources, Business Analytics, etc.
MBA colleges also give them a chance to do internships, short-term projects, live projects, and interactive case studies to help students develop critical thinking and communication skills for the corporate world.
MBA Course : Highlights
Candidates can refer to the table below for some of the highlights of the MBA program and the details of this program, such as duration, entrance exam required, recruiters, etc.
| Particular | Details |
|---|---|
| MBA Full Form | Master of Business Administration |
| Duration of the Course | 2 Years (Regular MBA) and 1 Year (Executive MBA) |
| MBA Eligibility Criteria | UG degree from any recognized university/institute of India with 50% for General category and 45% for Reserved category students |
| MBA Entrance Exams | CAT, CMAT, SNAP, XAT, MAT, ATMA, MAH MBA CET, etc. |
| Types of MBA Courses | Regular MBA, Distance MBA, Executive MBA, Online MBA, and Integrated MBA. |
| MBA Fees | INR 2L- INR 27L |
| MBA Average Salary | INR 6 LPA – 40 LPA |
| MBA Admission Process | Entrance Exam + Group Discussion + Personal Interview |
| Top MBA Specializations | Sales, Marketing, Operations, Finance, Human Resources, Digital Marketing and Business Analytics |
| Top MBA Colleges | IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Mumbai, JBIMS, IIM Lucknow, IIM Kozhikode, etc. |
| Top Recruiters | BCG, McKinsey, EY, PwC, Bain & Co, Morgan Stanley, Citibank, Deloitte, JP Morgan & Chase, Amazon, Facebook, Google, Adobe, etc. |
MBA Eligibility Criteria
Candidates can refer to the eligibility criteria mentioned below that they need to fulfill before planning to pursue their master’s in MBA.
- Educational Qualifications: Candidates must have completed their MBA with a minimum of at least 50% marks for General Category students and the 45% marks for Reserved Category students.
- Age Limit: There is no minimum age limit required to pursue MBA programs.
- Entrance Exams: Some colleges require students to mandatorily clear entrance exams such as CAT, CMAT, XAT, SNAP, etc.
- For students planning to pursue an Executive MBA, some colleges require them to have a minimum years of work experience such as 2 years or 5 years at the managerial or executive level. This work experience varies for every institute.
Top MBA Colleges in India
Candidates can refer to the table below for some of the top MBA colleges in India as per their NIRF Ranking 2023 along with their fees structure.
| NIRF Rank 2023 | College | Total MBA Fees |
| 1. | Indian Institute of Management, Ahmedabad | INR 25 Lakh |
| 2. | Indian Institute of Management, Bangalore | INR 25 Lakh |
| 3. | Indian Institute of Management, Kozhikode | INR 22 Lakh |
| 4. | Indian Institute of Management, Calcutta | INR 27 Lakh |
| 5. | Indian Institute of Technology, Delhi | INR 11 Lakh |
| 6. | Indian Institute of Management, Lucknow | INR 21 Lakh |
| 7. | IIM Mumbai (NITIE Mumbai) | INR 21 Lakh |
| 8. | Indian Institute of Management, Indore | INR 22 Lakh |
| 9. | XLRI-Xavier School of Management | INR 20 Lakh |
| 10. | Indian Institute of Technology Bombay | INR 10 Lakh |
Upcoming MBA Entrance Exams
Candidates can refer to the table below for the upcoming entrance exams for different MBA programs.
| Exam | Date |
|---|---|
| TANCET 2024 | Mar 9, 2024 |
| MAH CET 2024 | Mar 9 – Mar 11, 2024 |
| OJEE 2024 | May 6 – May 10, 2024 |
| MAT 2024 | May 2024 (Tentatively) |
| CMAT 2024 | May 2024 (Tentative) |
| TS ICET 2024 | May 2024 (Tentative) |
| AP ICET 2024 | May 2024 (Tentative) |
| NMAT 2024 | Oct 2024 – Dec 2024 (Tentative) |
| CAT 2024 | Nov 24, 2024 |
MBA Admission Process 2024
Candidates can refer to the admission process given below for the MBA program after checking the eligibility criteria for a particular college/entrance exam.
- Complete the registration process and then fill in the application form for admission to MBA course.
- Appear for the entrance exam and clear the minimum required cut-off to be eligible for the program.
- Once the results are out candidates are required to appear for the counselling process.
- The colleges will release the merit list based on the percentile secured by the candidates.
- Candidates will then be called for the further GD and PI Rounds.
- A final merit list will be released by the college authorities of the shortlisted candidates.
- Lastly, candidates are required to pay the admission fee to confirm their seats in the college.
Why Choose an MBA Course?
Some of the reasons why students can pursue their master’s in MBA are listed below.
- Core subjects covered in the MBA program include technology, economics, finance, and human resources, all of which promote student’s growth as strong professionals.
- The average salary for an MBA graduate in India is approximately INR 20 LPA, with a maximum remuneration of INR 70 LPA.
- The MBA program creates interesting collaboration by allowing candidates to gain insight from their colleagues’ diverse backgrounds and experiences, which extends beyond the curriculum and enhances industry-specific knowledge.
- MBA graduates can work in a variety of fields, including digital marketing, fashion, teaching, and information technology.
- An MBA graduate learns how to behave as a professional. It teaches them how to function in a professional setting, with a particular focus on negotiation, leadership, and communication techniques.
Job Opportunities After MBA
Candidates can check some of the most popular job options available to them in different industries once they complete their master’s in MBA.
- Finance:
- Industries: Corporate Finance, Banking, Risk Management, Private Equity, Sales & Trading, etc.
- Job Roles: Financial Analysts, Manager, Accounting Manager, Credit Officer, Chief Financial Officer, Equity Researcher, Risk Manager, Investment Banker, Corporate Controller, etc.
- Salary Range: 6 LPA – 40 LPA
- Marketing:
- Industries: Business Marketing, Online Marketing, CRM, Advertising, Brand Management, Retail, etc.
- Job Roles: Digital Marketing Specialist, Market Research Analyst, Marketing Manager, Brand Manager, Sales Manager, Advertising Manager, Business Development Manager, Media Planner, etc.
- Salary Range: 6 LPA – 15 LPA
- Operations:
- Industries: Retail, Quality Management, Logistics, Hospitality, Transportation, Manufacturing, Construction, etc.
- Job Roles: Supply Chain Manager, Inventory Control Manager, Logistics Manager, Consultant, etc,
- Salary Range: 5 LPA – 10 LPA
- Human Resource:
- Industries: IT, Law Firms, Advertising Firms, Retail Companies, Banks, Financial Services, etc.
- Job Roles: Employee Relations Manager, HR Generalist, HR Executive, Training And Development, Recruitment Manager, HR Manager, Technical Recruiter, HR Consultant, etc.
- Salary Range: 5 LPA to 8 LPA
- Business Analytics:
- Industries: Information Technology, Healthcare, Financial Institutions, E-Commerce
- Job Roles: Marketing Analyst, Research Analyst, Business Intelligence Analyst, Vice President of Business Analytics, Business Analytics Specialist, etc.
- Salary Range: 5 LPA to 10 LPA
Top MBA Specializations
Some of the top MBA specializations are listed below for the candidates planning to pursue any management program. Candidates can opt for any specialization listed below based on their choices and preferences.
- Finance
- Operations
- Marketing
- IT & Systems
- Human Resources
- Digital Marketing
- Public Policy
- Agriculture & Food Business
- Business Analytics
- Infrastructure
- Healthcare & Hospital Management
- International Business
- Hospitality
- Textile Management
- Transport & Logistics
- Pharma
- Advertising
- Supply Chain Management
- Business Economics
