MBA or Master of Business Administration is one of the popular, 2 year professional courses which is the ever demanding one in India and across the globe. It is a semester based course (mostly 4 semesters) deals with the theoretical aspects of business. There are two types of MBA- General and Specialized, and cover different subjects including Commerce, economics, Management etc. Post Graduate Diploma in Management (PGDM) is equivalent to MBA, but a PGDM graduate can’t do the PhD since it is not recognized. But now most of the organizations/firms prefer PGDM over MBA because of the industry relevance. There are also other programs like Post Graduate Programs (PGP) in business for the future Managers.

Advantages or Benefits of Master of Business Administration Degree

MBA and other programs in Management are highly demanding in the present scene because of the emergence of the large corporate houses, MNCs and industrial giants and the world wide economic growth. The social and individualistic view point is change largely, were people are more concentrated on Career growth and maximize the earning rather than job security.

MBA boosts individuals passion and hunger for success

Eligibility Criteria for MBA

Any graduates or corresponding discipline under the recognized Indian university (or AICTE recognized bachelor degree) are eligible for taking the entrance examination for the program. Students who are in the final year exam are also eligible. First the candidates have to clear the entrance examination, which is accepted by the desired institution and have to apply to each B- School. For example the GMAT (Graduate Management Aptitude Test) will help to seek admission in the respected B-Schools outside the country like US, Europe, Australasia etc. After clearing the entrance test, each candidate have to go through a set of selection process, depends upon the institutions.

Admission Procedure for MBA

As we discussed above the initial step in getting an admission in a reputed institution is to have a decent score in the Common admission test (CAT). The other popular MBA entrance examinations include XAT, GMAT, JMET or MAT etc. Most of the B- Schools in India accept any of the scores of these tests. Different Schools have different criteria for the admission, but generally have two stages-

MBA Entrance exams in India

How to fill in MBA Entrance Application form

The application form will get through online or offline by paying a DD of Rs. 500/- to Rs. 1,500/-(from the official website or from the admission centres of different Colleges). The form should need extra attention while filling and provide the official name, contact details, age and other correct information. Don’t forget to paste the recent passport size photo in the form. It is advisable to take the copy of the form and fill that first helps in minimizing the errors.

MBA Entrance Exam Pattern

Each institute has its own written admission test, like XAT for XIMB, SNAP for Symbiosis, etc. or part of a common test like CAT conducted by the IIMs used by sever other institutes.MBA Entrance Exam is mostly 2-hour multiple-choice tests, now institutions are going for Computer based tests and online tests. The B- schools conducts test once a year or in a periodic manner.

The Written Tests examines the competency in

Coaching Centers for MBA Entrance Exam

Competition in the MBA entrance examination is so hard that it is difficult to get in the reputed and desired institutions, which offer better facilities and employers. A small change in the percentage will cost for as big difference in the over all rank. Hence to have a competent score candidate are going through vigorous training and here Coaching centers are come to play their part. Coaching is needed to keep up a competitive frame over other students and to help improve. Some of the top coaching centers for MBA Entrance exam are given below,

Reference Books for MBA Entrance Exam

Top 10 MBA Colleges in India

Other Reputed Colleges/ Universities offering MBA program

MBA course curriculum

The main course curriculum for the MBA course in India includes:-

MBA Specializations

The choice of specialization subjects generally include:

MBA Projects

Project Topics in Marketing for MBA

Project Topics in Finance for MBA

Project Topics in HR for MBA

MBA Course Evaluation

The course is evaluated on the basis of

Most of the institution will provide a number of gust talks, seminars, industrial visits, work shop and other discussion so as to make the students more capable and potential as to work in the corporate.

MBA Text Books

What to do after MBA?

After finishing the MBA course, students will be capable of various management skills and practice in the following areas.

Job and Career options for MBA

There are lots of prospects available to the fresh and capable Managers after the end of MBA. They can:

Job Types

Remuneration after MBA

The globalization and the MNCs and high industry growth made no extreme in the salary or compensation part for the MBA graduates. Now it is highly depends upon the individual performance or by achieving the group targets. Even though there is a minimum industry standards but no limit to the maximum salary. This also makes the course so attractive to the younger generation.

MBA graduates from different specialization will receive diverse pay packages. The remuneration received by Finance fresher’s from the top institutions in on an average of 10.5 lakh per annum. The MBA finance graduates with more than 5- 7 years of experience will easily gain a salary of 18 lakh or more in different companies. MBA Sales and Marketing fresher will get an initial pay package of 8.9 lakh on an average and an MBA in System will receive a salary on an average of 8 – 10 lakh.