MBA Course, Fees, Duration, Eligibility, Admission, Colleges, Job & Salary
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MBA Course, Fees, Duration, Eligibility, Admission, Colleges, Job & Salary

31 Jan,2019

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5 min read read

MBA Course:

Master of Business Administration (MBA) is acknowledged as a highly-valued Degree which is designed in a perfect way for the students who are willing to pursue a master’s degree to develop their skills required for making a career in business and management. The Master of Business Administration or MBA Course is a two-year post-graduate program that is taken as a gateway to get excess job opportunities in the world of corporate.  Students, who are accommodated with excellent communication and leadership quality along with creative ideas can undergo a Master of Business Administration or MBA Program.

  • MBA Course is a level-up option for an undergraduate and it usually lasts 2 years. This course is the most popular internationally- recognized professional degree in the world. There are more than 2,500 types of MBA programs available in various languages all over the world.
  • Students who have completed their undergraduate courses and want to pursue higher studies can opt for this course.
  • MBA is available in both regular as well as distance learning. Which can be done in either 2 years or 1 year. The difference lies in the way you complete your course one is expressed and another is a regular attending course. In a 1 year MBA Course, the learning will be done within 12 months while you will explore MBA and beyond in a 2-year program. Not every business school offers 1 year MBA courses however this course is becoming popular and more business schools are having this option for the students to run their career on the fast track.
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BHMCT Course MBA Hospitality Management Course
MBA Finance Course MBA Operations Management Course
B.Sc Construction Management Course MBA International Business Course
MBA Information System Course MBA Marketing Course

MBA Course Fees:

Based on the standard of education the MBA fee differs from college to college. The average MBA course fee ranges from Rs 1 lakhs to 10 lakhs per annum.

NOTE: In this article, we are providing complete MBA course details. Get all details about the MBA Program, MBA Program eligibility criteria, MBA Program Fees, MBA Program syllabus, Top Colleges for MBA Program,  Course Duration of MBA Program, the Admission process for the MBA Program and many more but before going into the details lets have an overview of the distance MBA program.

Master of Business Administration or MBA Program: Overview

Degree

Masters

Full-Form

Master of Business Administration or MBA Program 

MBA Program Duration

Course Duration of  MBA Program is 2 Years

MBA Program eligibility criteria

Completed graduation with at least 50% marks

MBA Program Exam Type 

Semester Type/trimester Type,Year-wise

Age Criteria for MBA Program

There is no age limit specified for the MBA Program 

Admission process for the MBA Program  

Merit-Based or Entrance Exam

Average MBA Program Fees

INR 2-20 Lac per annum

Average Salary Packages

INR 5-9 Lac per annum

Why Choose MBA Course:

The Master of Business Administration or MBA Program is a 2 years post-graduate program that makes the candidates capable to learn how to successfully manage, lead, organize, and adapt in a variety of business environments. This 2-year post-graduate Program prepares with practical skills and theoretical knowledge as well. This program can wake up your hidden potential into great opportunities.

MBA courses are quite famous in India and many aspiring graduates go for this post-graduate degree to build their profile strongly. This 2-year course makes a student more professionals and helps him/her build a strong personality.

The Master of Business Administration or MBA Program also includes the core curriculum subjects like accounting, economics, marketing, and operations, which allows the participants to follow their field of interest. In today’s time, the Master of Business Administration or MBA program is known as the popular internationally-recognized professional degree in the world. This course includes practical projects, theoretical classes, and internships. At every year’s break, it is mandatory for the candidate to do internships. It is done to embellish the practical knowledge and skills of the students.

Advantages of Studying MBA:

Below we have mentioned a few advantages that you will have after completing an MBA course.

1. Better job opportunities:

For an MBA student, the job opportunities are great and there are various job profiles available. students who have completed their MBA from the top business schools can start working at a higher level of management and become managers and senior managers.  so it has been clear that getting an MBA degree will surely give you a higher position in the organization but it will also result in having more responsibilities.

2. Greater career growth:

There is a vast scope for career growth for an MBA graduate when it is compared to you simply a graduate. for a graduate, it might take years to go upward in the corporate hierarchy and maybe the growth will stop at a certain level. having a postgraduate degree or higher degree becomes important for a graduate to reach the senior management level. Simply having a higher education degree will give you more career growth. 

3. Greater Challenges:

Student’s limits of learning are widened by doing an MBA. It just constantly challenges the student with different situations by getting the student out of his comfort zone, dealing with the latest issues, and by applying the newest management techniques.

4. Consolidated Corporate Network:

While doing MBA students will interact with colleagues, professors, and teaching staff who are usually former or current businesspeople having a great on-field experience. This provides student exposure to the business world and their network becomes stronger.

5. Better Pay Packages:

MBA graduates are offered better pay packages if they have completed their MBA from a top Business school. The average salary of an MBA graduate is almost twice as compared to the normal graduate professional. Even in the recession period, the top tier companies manage to provide good packages to MBA professionals.

Eligibility Criteria For MBA:

Candidates who desperately want to apply for the MBA Program, it is required for them to have a thorough knowledge of the  MBA Program eligibility criteria. If the participants know the MBA Program eligibility criteria then it will become easier for them to decide whether they are eligible for the post or not.

Note: Down below the  MBA Program eligibility criteria are given along with the percentage of marks a candidate needs to acquire to become eligible for the course. Have a look at it:

Age Criteria for MBA Course: 

No Age Criteria for MBA Program is set. People of any age number can pursue the  MBA Program.

Educational Criteria:
  • Candidate should have passed his/her Intermediate and High School with the minimum percentage marked up by the universities or colleges you opt for.
  • The basic MBA Program eligibility criteria for the participants is that they need to hold a Degree of Bachelors in any stream from any recognized universities/colleges with a minimum aggregate of 50% marks or equivalent to it and 45% marks for reserved category.
  • Students who are in the final year of their graduation can also clear MBA Program eligibility criteria. they need to provide proof of the completion of their graduation within the duration specified by the institute. 
  • Most of the universities and colleges conduct entrance examinations to get admission process for MBA Program.
  • Some universities and colleges conduct their own entrance exams to take Admission process for the MBA Program further.
  • Some Institutes/Universities/Colleges offer the Admission process for the MBA Program on the basis of top MBA entrance exam scores.  such as CAT, MAT, CMAT, ATMA, XAT, etc.

Top Entrance Exams for MBA Course:

The Admission process for the MBA Program in most colleges/universities/institutes admissions is based on the score obtained by the applicants in the relevant entrance exams conducted by them. These entrance exams clarify, which candidate is going to proceed further for a personal interview and group discussion sessions. The final selection of the candidate includes a personal interview and group discussion that permit the admission of the candidate in the  MBA Program.

Down below the list of some of the entrance exam conducted by various universities for getting the Admission process for the MBA Program to move further is given below:-

S. No
Exam Name
Full-Form

1

CAT

Common Admission Test

3

IIFT

Indian Institute of Foreign Trade Exam

5

GMAT

Graduate Management Admission Test

6

XAT

XLRI Jamshedpur School of Management XAT Exam

7

CMAT

Combined Management Aptitude Test

8

IBSAT

Business Studies Aptitude Test

MBA Admission Process:

The Admission process for the MBA Program is generally based on merit occupied by the appearing applicants in the entrance examinations conducted by different colleges/universities. The Admission process for the MBA program starts in the second week of March. Candidates have to clear the entrance examinations like CAT/MAT/ATMA/CMAT/XAT, etc. to get selected in the MBA Program. In addition to this, some colleges/universities/institutes also conduct their own entrance exams to select the deserving candidates in the MBA program. 

Selection Process for MBA Course:

The Selection Process for MBA Program basically involves three rounds conducted by the authorities of different universities/colleges. The three rounds will be conducted for the selection into a university are:

  • Written Test
  • Group Discussion
  • Interview

Once the candidate is successfully able to qualify all the rounds conducted by different Universities/Colleges, the candidates will then finally clear the Admission process for the MBA Program in the universities you have opted for.

Applicants who want to get Admission in the MBA Program can download the application form from the official website of the universities/colleges you want to opt for doing the course. Participants also have to keep their documents ready for furthering the Admission process for the MBA Program.

  • The Admission Process of the Distance MBA Program for different colleges varies as per dates scheduled by them. So, the candidates have to have to make sure that they fill the admission form and submit it before the deadline allotted to them by the universities/colleges.

MBA Course Fees:

The MBA Program Fees in the various universities of India range between INR 2-20 Lac per annul for each year.  However,  MBA Program Fees differ according to the university a candidate chose. The Government also provides free seats like Scholarships and fee reimbursement. The MBA Program Fees may also vary with the prestige, infrastructure, and the well qualified and experienced faculty of the colleges/universities/institutes in which the applicant takes admission. 

The  MBA Course Fees depend upon the following factors –
  • Type of college (Government, Private, Aided, etc)
  • Location of the institution
  • Status and rating of the institution
  • Scholarship status of a student (if applicable)

MBA Course Duration:

The MBA Program can be done in the semester, Trisemester, and Year-wise depending upon the colleges. The  Course Duration of MBA Program is of 2 years whereas the distance education mode can take up to 5 years to complete. The different modes of MBA have different course duration. While the Course Duration of MBA Program Executive MBA is of 1 year. This course focuses on working professionals.

Syllabus of MBA Course

MBA Syllabus- Semester 1

Sl. No.

Syllabus

1

Finance for Non-Finance

2

Joy of Management

3

Micro-Economics

4

Business Statistics

5

Marketing and Consumer Behaviour

6

Excel Spreadsheet Modelling

7

Organizational Behaviour

8

Marketing of Products and Services

9

Financial Reporting and Analysis

10

Business Research Methodology

11

Operation Research

12

Macro Economics & Policy

13

Business Communication & Presentation Skills

 

MBA Syllabus- Semester 2

Sl. No.

Syllabus

1

Costing Products and Services

2

Synthesizing and Analyzing Data using R

3

Managing Operations and Supply Chain

4

Human Resource Management

5

Indian Banking and Financial Markets

6

Indian Economy in the Global Context

7

Managing Stakeholders and Legal Processes

8

Managing Financial Resources

9

Bringing Ideas to Market

10

Strategic Management

11

Project Management

12

Data Science Using R and Python

 

MBA Syllabus- Semester 3

Sl. No.

Syllabus

1

Management of Design

2

Business Model and Intellectual Property

3

Leveraging IT for Business

4

Corporate Governance and Social Responsibility

5

Analyzing and Mitigating Risk

6

Applied Business Research

7

Problem Solving and Consulting Skills

 

MBA Syllabus- Semester 4

Sl. No.

Syllabus

1

Capstone Simulation

2

Ethics and Indian Ethos

3

Integrated Decisions Making

4

Leadership Development

5

Applied Business Research Project

MBA Specializations:

The various specialization options are also available for the student pursuing a Master of Business Administration [MBA] degree. Down below the list is given. Have a look at it:-

Sl.No.
Specializations

1

MBA (Human Resource Management)

2

MBA (Marketing)

3

MBA (Finance)

4

MBA (Information Technology)

5

MBA (International Business)

6

MBA (Operations Management)

7

MBA (Systems Management)

8

MBA (Financial Management)

9

MBA (Retail Management)

10

MBA (Banking)


Top MBA Colleges

Name
Average Annual Course Fee

Indian Institute of Management

INR 11,50,000

Indian School of Business

INR 15,20,000

Xavier Labour Relations Institute

INR 10,50,000

Faculty of Management Studies

INR 93,500

NMIMS

INR 6,85,000

ICFAI Business School

INR 7,00,000

IIT Madras

INR 3,50,000

Kristu Jayanti College

INR 3,50,000

Amity Business School

INR 6,40,000

Nirma University 

INR 4,76,000

MBA: Career Prospects

An MBA course is an extremely versatile & valuable program. It will allow you to pivot in many different directions depending on your career aspirations, skills, and interests. Since there are 40+ different directions in which an MBA graduate can build his/her career, it would be relevant to say that one has the opportunity to be a manager/administrator at every department of an organization (depending upon his stream) irrespective of the type of organization (whether e-commerce or any other). Many young aspirants also choose to become a manager to exercise their growth potential in the corporate world.

MBA Job Opportunities:

The various types of job opportunities available for a graduate in Master of Business Administration [MBA] are:

  • Relationship Management
  • HR Generalist Business Partner
  • Corporate Treasury
  • Brand Manager
  • Business Operations
  • Card Payments Operations Head
  • Credit Analysis
  • Equity Research Analysts
  • Vice President - Investment Banking
  • Equity Research
  • Wealth Management
  • Project Managers
  • Branch Banking & Credit
  • Recruitment Manager
  • Commercial Credit
  • Zonal Business Manager - Telecom
  • Marketing Manager
  • Risk Analytics
  • IT Services Marketing Head
  • Account Manager
  • Strategic Business
  • Investment Banking
  • Corporate Banking
  • Management Consultant
  • Trade Finance Services
  • Zonal Business Manager - Telecom
  • Strategic Business
  • Investment Banking
  • Wealth Management
  • Project Managers
  • Branch Banking & Credit
  • Recruitment Manager
  • Commercial Credit
  • Vice President - Investment Banking
  • Equity Research

Top Recruiters for MBA graduates

Today, MBA graduates are in high demand all over the country which is why many firms hire professionals who can work for them in a professional and efficient way. Some of the top recruiters are:

  • Accenture
  • Vodafone
  • Snap deal
  • Flipkart
  • TATA
  • Airtel
  • Samsung
  • Micromax

After Completed MBA - Salary Package:

Candidates who successfully clear out the MBA Program get a handsome salary package.  The Management sector is considered as one of the highest paying sectors. After completing the MBA Course the entry-level salary package candidates get starts from  Rs. 5 to 6 lakh per annum but the maximum is unlimited. The increment procedure in this sector is quite good. Depending on the capability of the candidate, they can reach up to six-figure income in a quick span of time. 

Down below the job profile along with the average salary packages is given. Have a look:

S. No
Job Profile
Average Salary (in INR)

1

Account Manager

Rs 5 to 6 Lacs

2

Brand Manager

Rs 9 to 10 Lacs

3

Equity Research Analyst

Rs 3 to 4 Lacs

4

Management Consultant

Rs 1,006,667

5

Marketing Manager

Rs 4 to 5 Lacs

6

Project Manager

Rs 7 to 8 Lacs

Skillset You WIll Gain After MBA:

After completing your MBA you are expected to lead a team of professionals, wherein the most important skill set is to have a good leadership quality which includes good communication skills. Below we have mentioned some of the skills that an MBA graduate must have:

Good communication skills
Problem-solving Skills

Management skills

Business acumen

Research-oriented

Strong mathematical skills

Analytical thinking

Leadership qualities

Goal-oriented & ability to work under pressure

Eye for detail

Subjects in MBA Course:

Students who are pursuing an MBA will be exposed to a range of subjects. In this 2 years post-graduate course, students will begin with the core subjects such as Marketing, Principles of Management, Organisational Behaviour. In second-year students will learn advanced subjects like Business Law and Entrepreneurship. The structure of subjects varies from college to college.

Below we have mentioned a list of subjects that most MBA colleges offer:

  • Marketing
  • HR management
  • Business planning
  • Finance management
  • Principles of management
  • Business laws
  • Communication skills
  • Entrepreneurship
  • Business Communication
  • Computer Application
  • Organizational behavior
  • Taxation
  • Retail management
  • Project work
  • Economics
  • Business environment

Scope of MBA:

  • Students can get great job opportunities in the industrial world, once they have completed their degree. They can get designations as an executive or manager.
  • According to the current marketplace requirements, the scope of MBA is huge. The MBA graduates are on high-demand in most of the industries. Almost all the colleges provide campus placement these days to kick start the career of the students.
  • MBA is the management term that is most suited to managers and thus students can reach on top by using their working proficiency and leadership skills.
  • MBA graduates can work in almost any sector including private as well as the government.

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