Update on 10 Jan, 2023
5 min read
The full form of the MBA Course is Master of Business Administration, This program course is a 2-year post-graduation course that is offered in various specializations such as Human Resource Management, Marketing Management, Finance, Logistics Management, and many more.
The candidates can choose their MBA Course Specialization based on their field of interest. Candidates who have completed their Bachelor's (graduation) degree course from a recognized university can pursue a Master's in Business Administration degree.
If you are someone who has just completed their graduation and searching for a suitable higher education course, then this program degree might be a suitable postgraduation course for you as it offers you better career opportunities than any other post-graduation course.
This is a pg course that imparts knowledge of Business administration and Management. The program is designed to develop management skills, leadership skills, and decision-making abilities in the students.
This course is suitable for candidates who aspire to work on the managerial level and want to lead teams in the corporate sector. In the past few years, an MBA Course has become the most popular post-graduation degree pursued by students.
MBA Program is offered in Full time, part-time, Online, and Distance education mode which is the best thing about this stream, as the candidates can choose their specialization in this course mode as per convenience.
|Course Name (full form)||Master of Business Administration (MBA)|
|Course Duration||2 Years|
|List of Popular Specializations||Digital Marketing, Marketing Management, Finance, Logistics Management, Business Management, Rural Management, Strategic Management, Information Technology|
|MBA Entrance Exams||CAT, MAT, XAT, CMAT, GMAT, etc.|
|Minimum Eligibility||Bachelor’s degree in any discipline|
|Lateral Entry Option||No|
|Admission Process||Entrance Based|
|MBA Fees||Rs.4.6 Lakhs to Rs 12 Lacs|
|Salary After MBA||Rs 4 L.P.A to Rs 8 L.P.A|
|Job Profiles||Brand Manager, Marketing Manager, Risk & Insurance Manager, Financial Analyst, Project Manager, Information Systems Manager, Data Processing Manager, Business Development Manager, Supply Chain Information Analyst, Business Consultant, Export Manager, Marketing Analyst, etc.|
|Top Recruiting Companies for MBA Graduates||Microsoft, TCS, Reliance Industries Ltd., Cognizant, Wipro, Infosys, Morgan Stanley, Barclays, HDFC, Wipro, Pepsico, Deutsche Bank, Make my Trip|
|Types||Eligibility||Admission||Average Fees (INR)|
|Regular MBA||Bachelor’s Degree||Entrance based||₹ 5 Lacs to ₹ 15 Lacs|
|Distance MBA Course||Bachelor's degree with minimum 50% marks in graduation + work experience of 2 to 3 years||Merit/Entrance-Based||₹ 50,000 to ₹ 4 Lacs|
Part-Time MBA Course
|Bachelor’s Degree with 50%||Merit/Entrance-Based||₹ 2 Lacs to ₹ 8 Lacs|
|Online MBA Course||Bachelor’s Degree||Merit-Based||₹ 40,000 to ₹ 1 lac|
|Integrated BBA+MBA Course||50% in 10+2||Merit-based/Entrance based||₹ 6 Lacs to ₹ 13 Lacs|
|Executive MBA (1 year) Course||Bachelor’s Degree + Work Experience||Merit/ Entrance Based||₹ 4 Lacs to ₹ 15 Lacs|
As already discussed, the course is offered under various specializations.
Below, we have listed the names of the specializations offered by the top MBA colleges in India:
The duration of an MBA program is 2 years which is divided into 4 semesters. Any candidate who has completed his/her graduation from a recognized university can apply for this program.
The Eligibility criteria might slightly vary from one college to another. But the basic eligibility requirements to pursue an MBA course which is demanded by most Colleges are as follows:
Most of the Business Schools and top MBA Colleges in India offer Admissions based on national, state or university-level entrance examinations followed by Group Discussions (GD) and Personal Interviews (PI).
The objective of conducting entrance exams, GD, and PI rounds is to assess the candidate's skills which cannot be determined by looking at their academic score. Master in Business Administration Colleges in India have strict admission criteria, to get admission in such colleges the candidate needs a valid score in a national or state-level MBA Entrance exam such as CAT, MAT, XAT, etc.
|Entrance Exams 2023|
|Name of the Entrance Exam||Exam Level||Conducting Body|
|CAT (Common Admission Test)||National level||Indian Institute of Management|
|MAT (Management Aptitude Test)||National level||All India Management Association|
|XAT (Xavier Aptitude Test)||National level||XLRI Jamshedpur|
|ATMA (AIMS Test for Management Admissions)||National level||Association of Indian Management School|
|NMAT (NMIMS Management Aptitude Test)||National level||Graduate Management Admission Council|
|SNAP (Symbiosis National Aptitude Test)||National level||Symbiosis International (Deemed) University, Pune|
|(Common Management Admission Test ) CMAT||National level||National Testing Agency|
The curriculum is divided into 4 semesters. Each year consists of 2 semesters in which various MBA subjects are taught to the students. The syllabus remains the same across most universities.
Below we have mentioned the core syllabus and subjects, please have a look:
|1st Semester||2nd Semester|
|Finance for Non-Finance||Business Laws|
|Joy of Management||Costing Products and Services|
|Micro-Economics||Synthesizing and Analyzing Data using R|
|Business Statistics||Managing Operations and Supply Chain|
|Marketing and Consumer Behaviour||Human Resource Management|
|Excel Spreadsheet Modelling||Indian Banking and Financial Markets|
|Organizational Behaviour||Indian Economy in the Global Context|
|Marketing of Products and Services||Managing Stakeholders and Legal|
|Financial Reporting and Analysis||Processes|
|Business Research Methodology||Managing Financial Resources|
|Operation Research||Bringing Ideas to Market|
|Macro Economics & Policy||Strategic Management|
|Business Communication||Project Management|
|Presentation Skills||Data Science Using R and Python|
|3rd Semester||4th Semester|
|Management of Design||Capstone Simulation|
|Business Model and Intellectual||Ethics and Indian Ethos|
|Property||Integrated Decisions Making|
|Leveraging IT for Business||Leadership Development|
|Corporate Governance and Social||Applied Business Research Project|
|Analyzing and Mitigating Risk||Hospitality & Tourism Management|
|Applied Business Research||-|
|Problem Solving and Consulting Skills||-|
Below, we are listing the top MBA colleges in India as ranked by NIRF Rankings:
|Top MBA College||Entrance Exam Name|
|Indian Institute of Management, Ahmedabad||CAT|
|Indian Institute of Management, Bangalore|
|Indian Institute of Management, Calcutta|
|Indian Institute of Management, Lucknow|
|Indian Institute of Management, Indore|
|Indian Institute of Technology, Delhi|
|Xavier Labour Relations Institute, Jamshedpur||XAT|
|Management Development Institute, Gurgaon||CAT/GMAT|
|MBA Courses Fees in India|
|MBA/PGDM College Name||MBA Course Fee|
|Institute of Engineering And Technology (IET), Lucknow||₹ 1.59 Lacs|
|GLA University (GLA), Mathura||₹ 4.44 Lacs|
|Fortune Institute of International Business (FIB), New Delhi||₹ 8.9 Lacs|
|Birla Institute of Technology & Science, Pilani ( BITS Pilani)||₹ 8.05 Lacs|
|Institute of Management Studies (IMS), Ghaziabad||₹ 7.95 Lacs|
|Graphic Era University, Dehradun (GEU, Dehradun)||₹ 5.29 Lacs|
|UPES University, Dehradun||₹ 13.34 Lacs|
|Lloyd Institute of Management & Technology, Greater Noida||₹ 2.5 Lacs|
|IILM Graduate School of Management (IILM GSM), Greater Noida||₹ 10.8 Lacs|
|Harcourt Butler Technical University, Kanpur||₹ 1.58 Lacs|
This course field is popular among young aspirants because of the career scope and job prospects an individual gets after completing an MBA Course from a reputed university or institute. If you obtain your degree from a reputed B-School, then you are more likely to get prestigious career opportunities to work with leading organizations like TCS, Wipro, Morgan & Stanley, etc.
Please read the article further to know about the MBA Jobs:
|MBA in Finance||Financial Analyst, Risk & Insurance Manager, Credit Analyst, Treasurer, Finance Manager, Cash Manager, Accounting Manager|
|MBA in HR||Human Resource Manager, HR Generalist, HR Executive, Recruiter|
|MBA in Operations Management||Supply Chain Manager, Logistics Manager, Project Manager, Inventory Control Manager, Operations Manager|
|MBA in Information Technology||Data Processing Manager, Project Manager, Marketing Manager, Analytics Manager, System Manager, Data Processing Manager, Business Development Executive/Manager, IT Manager, Systems Analyst, Information Systems Manager, Business Analyst Product Manager|
|MBA in Logistics & Supply Chain Management||Supply Chain Consultant, Logistics & Transportation Analyst, Warehouse Operations Manager, Demand Planning Analyst, Distribution Center Supervisor, Purchase Manager, VP of Supply Chain Operations|
|MBA in Entrepreneurship||Corporate Supervisor, Sales Manager, Fundraiser & Development Officer, Business Consultant, Small Business Owner|
|MBA in International Business Management Course||Government Affairs Director, Marketing Analyst, Export Manager, Administrative Service Manager, Export Manager, International Finance Manager, International Business Development Manager, Export Coordinator|
|MBA in Healthcare Management||Hospital CFO, Hospital CEO, Hospital Administrator, Healthcare IT Consultant, Pharmaceutical Product Manager|
|MBA in Retail Management||Brand Manager, Sales Manager, Marketing Executive, Store Manager, Product Executive|
As per research, masters in business administration postgraduates are offered a higher salary package than a candidate holding any other PG degree. The reason can be the management and problem-solving skills and knowledge an individual gets after completing the course program.
To provide you with the approximate salary figures, we are mentioning below the list:
|Job Profile||MBA Salary in India|
|Operations Manager||₹ 9.69 L.P.A|
|Business Analyst||₹ 8 L.P.A|
|Financial Analyst||₹ 5 L.P.A|
|Human Resource Manager||₹ 6.5 L.P.A|
|Area Sales Manager||₹ 8 L.P.A|
|Management Consultant||₹ 21.52 L.P.A|
|Business Development Management||₹ 6 L.P.A|
|Senior Sales Executive||₹ 4.84 L.P.A|
|Human Resource Generalist||₹ 4.75 L.P.A|
|Product Manager||₹ 15 L.P.A|
|Marketing Manager||₹ 6 L.P.A|
IIM Colleges are the first choice of every management student, IIMs are considered the most prestigious Business Schools in India and they also offer great placement opportunities. There are 20 IIM Institutes located in various cities in India. Candidates have to clear the CET exam to get admission into an IIM college.
The placement record of IIM colleges has always been remarkable and candidates who graduated from IIM are always valued in the industry. Top Companies and Industry giants always look forward to recruiting IIM graduates.
|Best MBA Colleges for Placement in India for 2023|
|Name of IIM Colleges||Average Salary (in Lacs/annum)|
|IIM Ahmedabad||₹ 24.45 L.P.A|
|IIM Kolkata||₹ 24.02 L.P.A|
|IIM Indore||₹ 18.17 L.P.A|
|IIM Kozhikode||₹ 17.65 L.P.A|
|IIM Bangalore||₹ 16.06 L.P.A|
|IIM Shillong||₹ 15.51 L.P.A|
|IIM Trichy||₹ 14.28 L.P.A|
|IIM Udaipur||₹ 13.16 L.P.A|
|IIM Raipur||₹ 13.10 L.P.A|
|IIM Ranchi||₹ 12.80 L.P.A|
|IIM Rohtak||₹ 12.30 L.P.A|
|IIM Vizag||₹ 12.07 L.P.A|
|IIM Nagpur||₹ 12.05 L.P.A|
|IIM Kashipur||₹ 12.02 L.P.A|
Top Organizations and MNCs hire graduates from different specializations. Many MNCs also visit college campuses for Placement drives and conduct separate placement interviews for the recruitment of each specialization.
Below, we are mentioning the list of Top Recruiting Companies for MBA graduates:
|Top Recruiters for MBA Graduates|
|Infosys||Tata Consultancy Services||ICICI Bank|
|Reliance Industries Ltd.||Goldman Sachs||State Bank of India|
|Jindal Steel||Larsen & Toubro||Pepsico|
|BCG||Accenture||KPMG (Klynveld Peat Marwick Goerdeler)|
|Wipro||AT Kearney||Deutsche Bank|
|Aditya Birla Group||BSNL||Parle Agro|
Many Candidates ask us about the advantages of pursuing an MBA. Well, An MBA degree can be pursued after completing graduation and it allows you to become eligible to work at higher job positions in reputed organizations.
It might be possible that after completing your graduation, you will be hired as an executive or in other entry-level job positions, but holding a 2-year MBA degree will help you stand out of the line of freshers as this course trains an individual to work at managerial positions and develop leadership skills in an individual.
Every year the candidates change but the question remains the same “What is the difference between MBA and PGDM?" Which one is better MBA or PGDM?” These are the most common questions asked by candidates who are looking forward to pursuing a higher degree in management and Business Administration.
If you are also searching for the answer to the very same question, please continue reading the article:
MBA is a PG degree in the discipline of Management whereas a PGDM is a PG Diploma in Management. Many people also think that an MBA degree is better than a PGDM Diploma, but it is not true despite having a few differences in the curriculum and approach, both of these courses are equivalent to each other and hold the same value in the industry.
To provide you with a brief explanation, we are mentioning a comparison between these two courses:
|MBA Course vs PGDM Course|
|Master of Business Administration (MBA)||Post Graduate Diploma in Management (PGDM)|
|Postgraduate Degree||PGDM is a Diploma|
|The course is approved by AICTE, MHRD, and the Government of India. The university offering an MBA course must be UGC-approved.||The course is also approved by AICTE, MHRD, Government of India.|
|The curriculum is designed by the University and the basic syllabus of the MBA program remains similar across most universities and is not altered or changed frequently.||The curriculum of the PGDM Program is designed by the Institute individually and the curriculum can be regularly changed as per industrial requirements.|
|The program aims to impart theoretical and technical knowledge of Business and Management.||PGDM Course has a practical approach to teaching you market-oriented skills.|
|Most government and private universities offer an MBA degree program. The course fee is lower than a PGDM Course.||PGDM courses are mostly offered by autonomous institutes demanding a high course fee.|
|2-year duration||The duration of a PGDM Course is also 2 years|
|A minimum of 55% is required to apply for a Doctoral course (P.h.D)||A minimum of 55% is required in a PGDM Course to apply further for a P.h.D course.|
|Exams are conducted by the University.||The Institutions must be AICTE approved to conduct the examinations|
|Top Entrance examinations: CAT, MAT, XAT, ATMA, MAH-CET, TSICET, etc.||Top Entrance Examinations: CAT, MAT, CMAT, XAT, MAH-CET, etc.|
|Top Colleges- XLRI Jamshedpur, MDI Gurgaon, IMT Ghaziabad, GIM Goa, etc.||Top Colleges - FMS Delhi, NMIMS Mumbai, Symbiosis Institute of Business Management, Pune, etc.|
A Distance MBA Course is a 2-year postgraduate course in Management that allows the candidate to learn about Management and Business Administration through distance mode. This program is specially designed for working individuals or candidates who are unable to attend regular lectures due to personal or professional reasons. The course fee of a Distance MBA course is lesser than a regular MBA Program.
The basic eligibility criteria to pursue this program remain the same as a regular course. However, every institute has its own sets of eligibility requirements that need to be fulfilled by the candidates.
Some of the common eligibility requirements are mentioned below:
Many institutes and business schools offer distance admissions based on the national level entrance examinations such as CAT, MAT, XAT, and ATMA, on the other hand, many colleges conduct their own university-level entrance examinations to offer Distance MBA Admissions.
Numerous Colleges offer a regular MBA course but several B-schools offer a distance course. For your reference, we are mentioning the list of Top Distance MBA colleges in India to where you can apply.
|Distance MBA Course Fee|
|Name of the Colleges||Avg. Course Fee|
|Institute of Management Technology (IMT CDL), Ghaziabad||₹ 1.31 Lacs|
|Narsee Monjee Institute of Management Studies (NMIMS), Mumbai||₹ 1.44 Lacs|
|Sikkim Manipal University ,Gangtok||₹ 85,000|
|Symbiosis Centre for Distance Learning, Pune||₹ 50,000|
|Indira Gandhi National Open University (IGNOU), New Delhi||₹ 37,800|
|Amity University, Noida||₹ 3.25 Lacs|
|Lovely Professional University, Jalandhar||₹ 51,600|
|Suresh Gyan Vihar University, Jalandhar||₹ 84,500|
|University of Madras, Chennai||₹ 36,450|
|MIT, Pune||₹ 42,000|
The Course is also offered in Online mode, Many UGC-approved colleges in India offer it. This course is quite similar to a Distance MBA course and serves the same objective of convenient learning.
As the name of the course suggests, the program aims to educate the candidates using online platforms to deliver lectures. The classes are held on online mode which allows candidates to attend the classes from any corner of the world. These courses are designed for working professionals with at least 2 to 3 years of working experience.
|Top B-Schools for Online MBA/PGDM Courses|
|IIM Colleges||Online MBA/PGDM Course Fee|
|Indian Institute of Management (IIM) Ahmedabad||₹ 20 Lacs|
|Indian Institute of Management (IIM), Shillong||₹ 10 Lacs|
|Indian Institute of Management (IIM), Kozhikode||₹ 12 Lacs|
|Indian Institute of Management (IIM), Raipur||₹ 10 Lacs|
|Indian Institute of Management (IIM), Rohtak||₹ 7.15 Lacs|
Frequently Asked Questions (FAQs):
Ques. What is the Full Form of an MBA?
Ans. The full form of an MBA is a Master of Business Administration.
Ques. What is the duration of the MBA Course?
Ans. The duration of a full-time regular MBA Course is 2 years.
Ques. What is the Eligibility of an MBA Course?
Ques. Which are the Top 5 MBA Colleges Name in India?
Ans. These are the top 5 MBA colleges in India:
Ques. Which stream is best for an MBA Course?
Ans. Commerce is the best stream for MBA courses but you can pursue this program irrespective of the stream you have opted in 10+2.
Ques. Which is better, MBA or PGDM?
Ans. MBA and PGDM both are equivalent degrees and hold equal significance in the job market.
Ques. What is the average salary of an MBA graduate?
Ans. The average salary of an MBA graduate starts from Rs 4 L.P.A to Rs 8 L.P.A
Ques. Which entrance exam is best for an MBA Course?
Ans. CAT is the best and most popular MBA entrance exam accepted by almost all the prestigious B-Schools and colleges in India.
Ques. Is it mandatory to clear CAT for MBA?
Ans. No, it is not necessary to pass the CAT Entrance Exam to pursue an MBA degree. Yes, a valid score in the CAT entrance exam is demanded by most of the prestigious MBA Course colleges but there are also such colleges that offer direct admissions based on your performance in graduation exams or based on their own university-level entrance test.
Ques. Can I do an MBA After 12th in Science?
Ans. Yes, you can pursue an MBA if you have completed your 12th from the Science stream but first, you have to complete a 3-year graduation course in any discipline.
Ques. Can I Do an MBA Course after a Diploma course?
Ans. No, you cannot do an MBA course after Diploma courses. To pursue an MBA course you must hold a 3-year graduation degree along with a 12th passing certificate.
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