By- Akanksha Yadav

About MBA:

The MBA (Master of Administration) is a post-graduate programme for students who want to work in the management field. The MBA is dedicated to two aspects which are management and marketing. It is one of the most sought-after postgraduate programs in India and abroad as students from any background- science, commerce and humanities can pursue it. Students can pursue an MBA program in full-time, part-time and online/distance education modes. Some universities also offer postgraduate diplomas in the management field instead of MBA degrees.

Admission in various MBA colleges/institutes based on MBA entrance examinations followed by a personality assessment test round (group discussion or GD, Written ability test or WAT and Personal interview or PI). Some of the most popular MBA entrance examinations are CAT, GMAT, MAT, SNAP and XAT etc.

During MBA, students get to learn about management, finance and workforce management of a company/organization. In India, there are more than 5000 MBA colleges/institutes.

The duration of the MBA program:

The Master of Administration (MBA) is a two-year post-graduation program which is divided into 4 semesters. Each semester students get to learn about management and marketing field.

What are the eligibility criteria for MBA?

If a student wants to get into an MBA college/institute, he/she needs to first check the eligibility criteria of desired institute/college. The common MBA eligibility criteria are given below.

• The candidate should have completed or be in the last year of his/her bachelor’s degree in any stream with a minimum of three year duration.
• The aspirant should get at least 50% marks in his bachelor’s degree to get admission to an MBA.
• He/she should have completed his class 12th examination or its equivalent with a minimum of 60% marks from an Indian-recognized board.
• He/she should have qualified for the entrance exam and meet the MBA cutoff requirements set by the MBA colleges/institutes.

Subjects in MBA:

The course is divided into 4 semesters. This also includes an internship. Every semester, students study different subjects. The list of syllabus is mentioned below.

For semester 1-

• Business communication
• Organizational behaviour
• Computer applications and management information system
• Financial Accounting
• Marketing management
• Human resource management
• Quantitative methods
• Managerial economics

For semester 2-

• Business research methods
• Management Science
• Economic environment of business
• Organization effectiveness and change
• Operation management
• Management Accounting
• Production operations and SCM
• Legal aspects of business

For semester 3-

• Business ethics and corporate social responsibility
• Effective course II
• Legal environment of business
• Elective course III
• Strategic analysis
• Elective course I
• Digital marketing
• Elective course IV

For semester 4-

• Corporate governance
• Entrepreneurship development
• Cyber security
• Elective 1
• Elective 2
• Elective 3
• Elective 4
• Elective 5

MBA fee structure:

The Master of Administration (MBA) program’s fee depends on college to college. MBA requires a high academic fee but some business schools also provide affordable MBA courses and also have good placement records. Every year MBA fee is usually increased by 5-7%.  The fee structure of an MBA depends on various factors like curricular activities, infrastructure, hostel, international exposure and placement services etc. Here is the list of MBA colleges and their average fee (in INR) structure.

• IIM Fees- INR 5 lakh to 18 lakhs
• IIT Fees- INR 2 lakh to 5 lakh
• IGNOU fees- INR 37800
• Cheapest MBA fees- INR 15000 to 70000 per annum
• MBA in private colleges or institutes- INR 10 lakhs to 30 lakhs per annum

Career opportunities after MBA:

After completing post-graduation in MBA programs, individuals can expect a salary of INR 7, 00,000 to 12, 00,000 per annum on average. Here is a list of job opportunities after an MBA.

• Banking and finance
• Investment banking
• Management consulting
• Entrepreneurship
• Data Analytics
• Private equity and more

Some of the highest salary-paying companies/organizations are given below.

• Deloitte
• Boston Consulting
• HSBC
• Amazon
• Apple
• Tata consultancy
• Wipro
• ICICI Bank
• Cognizant
• JP Morgan
• Microsoft
• Morgan Stanley
• Nike
• Johnson and Johnson
• Pepsico and many more

Top universities/institutes offering MBA programs:

The list of the most popular MBA colleges/institutes is given below.

• IIM Ahmedabad
• XLRI Jamshedpur
• Symbiosis University
• NMIMS Mumbai
• Indian Institute of Foreign Trade
• IIM Bangalore
• UPES Dehradun
• IBS Hyderabad
• FMS Delhi
• Woxsen School of Business and many more.