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Master of Business Administration(MBA)

MBA stands for Master of Business Administration is a degree course to acquire skills of business and learn every aspect of management and administration of the business. It is a professional and an extremely popular postgraduate course. The Master of Business Administration or MBA course expands over a period of 2 years. The entire course comprises of 4 semesters. This excellent course will help you grow your professional network and build knowledge about the business world. This course provides the students with an opportunity to choose their desired or preferred career field from a wide spectrum of options.

The Master of Business Administration or MBA is a course that will act as a stepping stone for you. It will lead you to be familiar with senior leadership roles. This will be achieved by making you focus on management and financial subjects. There are many different forms in which you can pursue the Master of Business Administration or MBA course. You can go for any of he following forms of MBA:

  • Online Master of Business Administration course
  • Distance Master of Business Administration course
  • Integrated Master of Business Administration course
  • Executive Master of Business Administration course

The best part of an MBA is that it has come a long way since its inception and has evolved with time. It embraced newer versions of the enterprise like eBusiness and eCommerce. So go ahead and look out for the details regarding MBA admission and MBA entrance exam to join.


MBA Full Form

MBA stands for Master of Business Administration. The amazing course had first started in the United States of America in the 1800s. The Master of Business Administration course started in the 1950s in India.The Master of Business Administration or MBA course is a highly rewarding course that will provide you with a lot of career opportunities. It will lead you to luxurious job offers and high salary packages. It provides you with the opportunity to choose any specialisation of your choice. You will also get the opportunity to build a huge number of connections if you choose to go for the Master of Business Administration or MBA course.


MBA Course: Key Highlights

  • MBA is the short form for the Master of Business Administration course. It is a post graduation degree course. The different types of MBA include Full Time MBA, Executive MBA, Online MBA, Integrated MBA, and Distance MBA. The duration of the full time Master of Business Administration or MBA course is two years.
  • In order to get admission to the Master of Businesses Admission or MBA course in any institute or university, the candidates will be required to fulfil certain eligibility criteria. The candidates are required to have cleared all their graduation papers and scored at least 50% aggregate marks in graduation.
  • The best specialisations in the Master of Business Administration include MBA in Finance, MBA in Marketing, MBA in HR, MBA in Digital Marketing, MBA in Operations, MBA in Healthcare Management, and MBA in Supply Chain Management.
  • Some of the best Master of Business Administration or MBA scholarships include IDFC First Bank MBA Scholarship, Yes Bank Scholarship, P.R Karthik Scholarship, Aditya Birla Scholarship, and Indian Carbon Scholarship

MBA Admission Process 2024

The process of admission for MBA or Master of Business Administration course includes an Entrance Examination. The entrance examination is followed by a personal interview and a group discussion.The most important entrance examination for the Master of Business Administration or MBA course are:

  • Common Admission Test or CAT
  • Management Aptitude Test or MAT
  • Xavier Aptitude Test or XAT
  • Common Management Admission Test or CMAT
  • ATMA
  • NMIMS Management Aptitude Test or NMAT

Eligibility for MBA Admission

The eligibility of aspirants is to be a graduate (10+2+3 or 10+2+4) from a recognized college or university with aggregate marks at least 45-50%. Most of the streams of graduation can apply for MBA.

  • The 2-year program of MBA is still the first choice, however, 1 year MBA is getting popular by the day. 
  • One Year program is for working professionals who have exposure to the job or field of work and want to enhance their skills.
  • Part-time and online MBA options are also available for aspirants who don’t want to or are not able to take a year or two off.
  • An executive MBA is also a part-time program for aspirants who have more than 5 years of experience in business administration through their job than other MBA aspirants.

MBA Entrance Exam

Score in Common Admission Test commonly known as CAT is required for admission in institutes and colleges of MBA. Another exam Graduate Management Admission Test known as GMAT score is necessary if you are planning to study overseas.

Even here, some colleges lookout for your CAT or GMAT score. The entrance exams can differ from university to university as well. So you should look out for any of the following exams of national level, state level or university level if you aspire to join MBA course;

  • CAT
  • XAT
  • NMAT
  • SNAP
  • MAT
  • ATMA
  • CMAT
  • IIFT 2021
  • TISS NET 2021
  • IBSAT 2021
  • KIITEE Management.

Fee
The fees for the MBA course depend on various points. First of all which college or university are you applying for, then which program 2 years, 1 year, executive or distance and then the specialization. The total amount can vary from INR 25,000 to 15,00,000.

Options in MBA

A number of options are available in MBA as it caters to every field.

  • MBA in Finance
  • MBA in Marketing
  • MBA in Sales
  • MBA in Human resources
  • MBA in Operations
  • MBA in Product management
  • MBA in Business Analysis
  • MBA in Digital Marketing
  • MBA in Advertising
  • MBA in Entrepreneurship
  • MBA in Project Management
  • MBA in Pharma
  • MBA in Infrastructure
  • MBA in International Business
  • MBA in Disaster Management
  • MBA in Energy and Environment
  • MBA in Import and Export
  • MBA in IT and Systems
  • MBA in Hospital and Healthcare
  • MBA in Business Economics
  • MBA in Agriculture and Food
  • MBA in Material Management

MBA Syllabus 2024

We can divide the syllabus for the Master of Business Administration or MBA course into 4 different semesters. The syllabus is brilliantly divided according to the standards of the industry which will help them get proper and excellent placement opportunities. The first two semesters of the Master of Business Administration or MBA course deals with the core subjects and theories in MBA. The students will be required to go for an internship in the fourth semester of the Master of Business Administration or MBA course. It is mandatory and cannot be avoided.

The main subjects that are covered in the Master of Business Administration or MBA course are:

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

MBA Syllabus Semester Wise

The topics that are covered in the 1st semester of the Master of Business Administration or MBA course include:

  • Corporate Sector Responsibility
  • Principles of Marketing Management
  • Framework and Tools of Decision Making
  • Business Communication and Soft Skills
  • Microeconomics
  • Principles of Accounting
  • Quantitative Methods and Statistics
  • Organisational Behaviour 1

The topics that are covered in the 2nd semester of the Master of Business Administration or MBA course are:

  • Macroeconomics
  • Operations Management
  • Corporate Finance
  • Marketing Management
  • Business Law
  • Optimization and Project Research
  • Project Management
  • Organisational Behaviour 2

The topics that are covered in the 3rd semester of the Master of Business Administration or MBA course are:

  • Financial Modelling
  • Business Intelligence
  • Managerial Economics
  • Corporate Finance 2
  • Supply Chain Management
  • Strategic Management
  • Marketing Research
  • Corporate Governance and Business Ethics

The topics that are covered in the 4th and the final semester of the Master of Business Administration or MBA course include:

  • Strategic Management
  • Project Study
  • International Business Environment
  • One Elective Course

MBA Career Scope: Jobs Roles and Salary

The job roles offered after the Master of Businesses Administration course mainly depends upon the specialisation that the student had chosen. The students can always go for the job they prefer or want. Most of the jobs that the students get after the completion of the Master of Business Administration or MBA course is through campus placements. Generally, a large number of students prefer to go for managerial job roles every year. The most popular and highly paid job roles that you can go for after the completion of your Master of Business Administration or MBA course are:

  • Project Manager
  • Marketing Manager
  • Bank Manager
  • Airport Manager
  • Finance Manager
  • HR Manager
  • Hotel Manager

The average salary package for the Master of Business Administration or MBA campus placements varies from one college to another. The IIMs provide an average placement opportunity of about INR 20 Lakhs per annum to INR 25 Lakhs per annum to most of its students. The average salary package also depends upon the Master of Business Administration or MBA specialisation that the student chooses.

  • The average salary package for the MBA in Finance specialisation ranges between INR 2,00,000 to INR 14,50,000.
  • The average salary package for the MBA in Resource Management specialisation ranges between INR 4,50,000 to INR 15,70,000.
  • The average salary package for the MBA in Logistic Management specialisation ranges between INR 6,25,000 to INR 8,50,000.
  • The average salary package for the MBA in Information Technology specialisation ranges between INR 10,000 to INR 6,0,000.
  • The average salary package for the MBA in Marketing Management specialisation ranges between INR 14,50,000 to INR 20,43,000.


The average salary package also varies from one job position to another

  • The average salary of an Accounting Manager is INR 6,81,213 per annum
  • The average salary of a Credit Manager is INR 5,97,609 per annum
  • The average salary of a Corporate Controller is INR 1,93,309 per annum
  • The average salary of a Financial Analyst is INR 4,23,012 per annum
  • The average salary of a Human Resource Manager is INR 6,96,120 per annum
  • The average salary of an Operations Manager is INR 9,00,000 per annum
  • The average salary of a Senior Human Resource Consultant is INR 6,34,227 per annum
  • The average salary of an Employee Relations Manager is INR 7,32,503 per annum

FAQ's Related to MBA Course

Question: Is PGDM and MBA the same thing?

Answer: No, PGDM and MBA are not the same thing. MBA is the short form for Master of Business Administration. It is not a diploma program. It is a degree program.

Question: How many semesters do you have in the Master of Business Administration or MBA course?

Answer: The amazing Master of Business Administration or MBA course is divided into four semesters. The duration over which this excellent course expands is a total of two years.

Question: How many years are required for the Master of Business Administration or MBA course?

Answer: The duration over which the Master of Business Administration or MBA course will expand depends upon the type of MBA the student decides to pursue. The time periods or duration of different types of MBAs are:

  • 2 years for the Full Time MBA course
  • 2 years for the PGDM course
  • 1 year for the 1 year MBA course
  • 15 to 18 months for the Executive MBA course
  • About 2 to 5 years for the Distance MBA course
  • About 1 to 3 years for the Online MBA course

Question: What are the best countries for the Master of Business Administration or MBA course?

Answer: The best countries for the Master of Business Administration or MBA course are Canada, Germany, United States, United Kingdom, Spain, Australia, France, Singapore, and the Netherlands.

Question: Is there any age limit for the Master of Business Administration or MBA course?

Answer: T There is no age limit or age bar for the Master of Business Administration or MBA course. You can choose to go for the course whenever you wish to.

Question: Is it mandatory to have some work experience before pursuing the Master of Business Administration or MBA course?

Answer: It is not mandatory to have any work experience before pursuing the Master of Business Administration course. However, if you want to stand out from the crowd of thousands of applicants you will need to have at least some job experience.

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