MBA full form is Master of Business Administration. MBA course is a2-year postgraduate level degree program focusing on management, business, and entrepreneurial concepts. MBA course curriculum is designed in a way that there is a combination of both theoretical and practical aspects; wherein classroom sessions and seminars take care of the theoretical knowledge and internships and workshops provide candidates with industrial exposure and real-time problems making them industry-ready.
To be eligible for MBA courses and pursue it from their dream college, one must have completed their graduation in any field (Science, Commerce, Arts) with an aggregate of 50% or more. Students can pursue MBA courses in different modes including Full-time Regular MBA, Distance MBA, Online MBA, Executive MBA, and Integrated MBA and the duration varies according to the course type. Recently, many schools has also started providing short term management programs for individuals to upskill themselves, some of the popular courses include Sports Management and Management Development Programs. Admission to MBA courses happens through entrance exams, followed by a Group Discussion (GD), Written Ability Test (WAT), and Personal Interview (PI) to assess the candidates\’ personality.
Some of the popular and commonly accepted MBA entrance exams include CAT, CMAT,XAT, MAH MBA CET, GAMT, and ATMA. Candidates can pursue MBA courses from both government and private colleges including various top IIMs like IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Indore, or other colleges like XLRI Jamshedpur, FMS, and ISB. The MBA degree fees range from INR 10 lakh – INR 25 lakh, depending on the college. Candidates can pursue an MBA in various specializations including HR, Sales, Marketing, Finance, and Operations, depending on their area of interest.
Since the MBA programs are a level up to the undergraduate programs, the career prospects after MBA are very promising. Candidates can choose to work at different top positions like Employee Relations Manager, Product Manager, Marketing Manager, and Sales Manager. MBA is an advancement to your graduation degree, opening countless career opportunities for you and hence a lot of students belonging to different backgrounds pursue it after their graduation. A few of the common courses students pursuing an MBA include B.Tech B.Com ,BBA BA, and BSc. The graduates of MBA courses can earn a salary ranging between INR 5 LPA and INR 25 LPA. Some of the top MBA recruiters include Google, Deloitte, Flipkart, and Amazon.
MBA Eligibility Criteria
MBA courses are postgraduate programs and hence require graduation as a mandate. But there is more to the eligibility criteria that one should know, because the eligibility criteria differs according to to the type of MBA course, and the colleges offering MBA course. The below table highlights the different facets of eligibility criteria one needs to know before taking admission into tier 1, tier 2 and tier 3 MBA colleges.
Particulars | Tier 1 MBA Colleges | Tier 2 MBA Colleges | Tier 3 MBA Colleges |
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Educational Qualification | Should be greater than 50% IIMs and IITs require 60% for selection. | 50% or more | 50% or more |
Entrance Exams | CAT, XAT, GMAT | SNAP, NMAT, XAT, TISSNET | MAT, CMAT, and other state level or university level exams |
Interview Criteria | GD + WAT + PI | WAT + PI, In some cases only PI is conducted. | Not WAT rounds, colleges conduct their own interview rounds to assess the personality. |
Work Experience | Not Mandatory, is required in case of Executive MBA Admission. | Not Mandatory, required for MBA Executive in some colleges. | Not required |
MBA Courses Details
MBA courses are a 2-year postgraduate degree program that offers vast career opportunities after course completion. MBA courses prepare students for leadership roles in the business world and enable them to find work in varied industries.
Particulars | MBA Courses Details |
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MBA Full Form | Master of Business Administration |
MBA Courses Level | Post Graduation |
MBA Courses Types | Full-Time MBA, Part-Time MBA, Distance MBA, Online MBA, Executive MBA and Integrated MBA |
MBA Courses Fees | INR 2 Lakh – INR 27 Lakh and above |
MBA Courses Eligibility Criteria | Undergraduate Degree Programme |
MBA Courses Duration | Full-time MBA: 2 years Online/ Distance MBA: 1- 2 years Executive MBA: 1 – 1.5 year Integrated MBA: 5 years |
MBA Courses Admission Process | Entrance Exam + Group Discussion + Personal Interview |
MBA Courses Top Entrance Exams | CAT, CMAT XAT,MAH MBA CET, etc. |
MBA Courses Top Colleges | IIM Ahmedabad, IIM Bangalore ,IIM Calcutta, IIM Lucknow, IIM Indore |
MBA Courses Top Specialisations | Sales, Marketing, Operations, Finance, Human Resources, Digital Marketing and Business Analytics. |
MBA Top Job Profiles | Finance Manager, Marketing Manager, Sales Manager, Human Resources Manager, etc. |
MBA Average Salary | INR 5 LPA – INR 25 LPA |
MBA Top Recruiters | Boston Consulting Group, McKinsey, Bain & Co, Morgan Stanley, Citibank, JP Morgan Chase, Amazon, Facebook, Google, Adobe, etc. |
Different types of MBA courses
MBA courses are available in various modes and formats. Traditionally, a Full-Time MBA of two years\’ duration has been the popular choice among management aspirants. However, over the last few years, Executive MBA degrees and Online MBA degrees have gained immense popularity among aspirants owning to flexibility.
Read below some key highlights of each type of MBA course:
MBA Courses | MBA Courses Details |
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Full-Time MBA Courses |
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Part time MBA courses |
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Distance MBA courses |
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Online MBA courses |
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Executive MBA courses |
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5-years Integrated MBA courses |
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MBA Placements
MBA placements in India are a crucial aspect of pursuing the degree. The MBA job placement process in India is highly competitive, and MBA graduates often have high expectations for salary and career growth.
Here are some top colleges that provide commendable placement opportunities to the candidates:
MBA Colleges | Average MBA Package (in INR) |
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Dravidian University | 51.36 LPA |
IIM Calcutta | 31 – 33.67 LPA |
Masters\’ Union | 33.1 LPA |
IIM Bangalore | 33 LPA |
S.P Jain Institute of Management and Research | 24.89 – 32.89 LPA |
Indian Institute of Management Mumbai | 31 LPA |
Faculty of Management Studies, University of Delhi | 31 LPA |
IIM Ahmedabad | 30 LPA |
IIM Lucknow | 30 LPA |