MBA (Master of Business Administration)

Have you completed Bachelor’s Degree? Are you interested in pursuing a good management program? If yes, this article will be of help to you. We will have an in-depth analysis of MBA course in this article.

MBA

In this guide, you will find the following details – MBA course details, eligibility, colleges, admission, syllabus, fees, careers and salary. Graduates who are interested in management education will benefit hugely from this guide!

 

MBA stands for Master of Business Administration. It is a job oriented postgraduate level management course.

 

Candidates who have completed Bachelor’s Degree from a recognized University/Institute are eligible to pursue this course. The academic program is 2 years long.

 

Here’s an overview of MBA course –

  • Name of the course: MBA (Master of Business Administration)
  • Type of course: Postgraduate level Master’s Degree course
  • Duration: 2 years
  • Eligibility: Completed Bachelor’s Degree program from a recognized University/Institute

 

What’s MBA course all about? Are there different types of MBA programs? What’s the course content like? What’s the scope associated with this academic program? You will find answers to these questions in the next section.

 

MBA: Basic Details

MBA stands for Master of Business Administration. It is a postgraduate level course. The main aim of this course is to instill management skills and knowledge in students.

 

If you want to take up key administrative and managerial roles in companies, corporate firms, MNCs and businesses, you must have adequate knowledge about fundamentals of management.

 

It takes certain amount of management knowledge and skills to thrive in administrative roles. This is where a management education course like MBA comes handy!

 

Types of courses

There are two main types of MBA programs available in India. They are –

  • General MBA course
  • MBA specialization courses

 

General MBA

General MBA course focuses on the basics of management. It helps students take on the broad field of management. The curriculum of general MBA program consists of core management subjects and few elective subjects.

 

Some of the notable core management subjects are –

  • HR Management
  • Marketing Management
  • Retail Management
  • Finance Management
  • Accounting
  • Economics
  • Organizational Behavior

 

The first year of a general MBA program usually consists of core subjects. Elective subjects enter the stage in second year. The availability of elective subjects may vary from one institute to another.

 

Specialization courses

MBA specialization programs focus on a particular domain/discipline. Such programs cover core management subjects as well as subjects related to the field of specialization. Some such notable specialization programs are –

 

For an exhaustive list, check out this guide – best MBA specialization courses in India.

 

Come, let us take a closer look at the course details. Here they are –

 

Course Details

 

Type of course

MBA is a postgraduate level course.

 

Duration

The academic program is 2 years long. Each year consists of 2 semesters. The entire academic program is made up of 4 semesters.

 

Eligibility

Minimum educational qualification required is – completed Bachelor’s Degree course from a recognized University/Institute. Minimum aggregate marks criteria may exist and it may vary from one institute to another.

 

Colleges

There exists many Government and Private colleges across India offering this course. Government colleges charge relatively lower fees than their private counterparts.

 

Some of the notable Colleges are –

  • IIMs
  • XLRI
  • FMS, Delhi
  • IIT K
  • Jamnalal Bajaj Institute of Management Studies
  • SIBM

 

Course formats

In India, MBA programs are available in many formats. Some of the notable course formats are –

  • Full-time MBA programs
  • Part-time MBA programs
  • Distance MBA programs
  • Online MBA programs
  • Integrated MBA programs

 

Full-time programs are just like other regular academic programs. The program consists of regular classroom lectures.

 

Part-time programs are tailor-made for working professionals. Such programs are more flexible than full-time programs.

 

Admission

Reputed institutes rely on merit based admission process. Such institutes make use of relevant entrance test to select deserving candidates. Some institutes are also known to conduct their own qualifying test in order to select deserving candidates.

 

Some other institutes are also known to conduct direct as well as donation based admission process.

 

Syllabus

Here are some of the notable subjects present in MBA curriculum –

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

 

Fees

Fees charged for the academic program may vary from one institute to another. Course fees depends upon the following factors –

  • Type of institute (Government, Private, Aided etc)
  • Location of the college
  • Status and rating of the college
  • Scholarship status (of student, if applicable)

 

Government colleges are known to charge low fees. Average fees in private colleges could be anywhere between 80-150K INR per semester.

 

Careers

Management professionals are hired by wide variety of industries, MNCs, offices and organizations. Both government and private job opportunities are available in front of them.

 

Corporate houses, MNCs, NGOs, Educational Institutes, Healthcare setups, Government organizations, Industries, Finance institutes (banks, private enterprises etc) etc are known to recruit MBA graduates. Actually, the list of recruiters would go on and on, management professionals are needed by many firms!

 

Under the above mentioned work setups, MBA graduates may take up any of the following job posts –

  • Associate
  • Assistant Manager
  • HR Manager
  • Operations Manager
  • Analyst
  • Finance and Accounts Manager
  • Banker
  • Trader
  • Sales and Marketing professional
  • Auditing Assistant
  • Executive (Sales, Marketing, Advertising etc)
  • Office Assistant/Executive
  • Research Assistant

 

Other than office job, entrepreneurship is another opportunity available in front of MBA graduates. If you are an entrepreneur at heart, you may start your own venture or business. Other than that, working as an independent consultant is another excellent option!

 

Salary

Starting salary of a management professional depends upon a number of factors. Some of the prominent factors are –

  • Institute from which the candidate completed the course
  • Level of education (UG, PG etc)
  • His/her specialization
  • The domain he/she has chosen
  • Job location

 

On an average, starting salary could be anywhere between 40-80K INR per month. In case of a Government job, the salary will be as per the pay scale and grade.

 

Salary will also depend on the type of work you take up after completing the course. If you start your own business, profit generated (by the business) will matter the most (rather than your salary). Same thing rings true if you choose entrepreneurship.

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