Master of Business Administration, so-called MBA is a 2-year Post-graduate program focused on deep learning of Business Administration covering various areas of business and its aspects in today’s world. It includes subjects such as Accounting, Human Resources, Strategic Management, Business Communication, Organizational ethics, Business laws, Finance Management, Marketing, Economics, Digital Marketing, Operations Management, and many more.
Master of Business Administration is a professional program in master’s degree after a bachelor’s degree which is valued globally and it ensures consistency and quality of education for the student to achieve success in life and career.
History of Master of Business Administration
In 1881, the Business course was first enhanced in the United States at Wharton School by the University of Pennsylvania, Philadelphia which was established in 1881 through donation from Joseph Wharton. The first Master of Business Administration institute was founded in 1900 previously known as the Master of Science in Commerce, founded by Tuck School of Business in Dartmouth College, while The Harvard Graduate School of Business Administration established the first MBA course in 1908.
Firstly Master of Business Administration curriculum was based on Frederick Winslow Taylor’s scientific management. At this time only American Universities are offering Business courses. In 1950, the first MBA outside of the United States was provided by Canada and after that, it started expanding all over the world. India became first Asian country to start this program in the Indian Institute of Social Welfare and Business Management at Kolkata (previously known as Calcutta) in 1953. Now, the degree in Master of Business Administration has been adopted by Universities all over the world offering different specializations.
Indian History of MBA
In our Country Bharat (or India) has many Private Universities, State Universities as well as Central University offers multiple specializations in the Master of Business Administration program for students with better facilities and a well-organized curriculum designed by keeping in mind today’s world requirements and needs, which helps to grow in their careers and advance in life to achieve all goals.
These universities have been monitored, regulated, and standards maintained by a government body named the University Grants Commission (UGC) under the Department of Higher Education, Ministry of Education, and Government of India; which is set up following the UGC Act 1956. It has an autonomous institute The National.
The assessment and Accreditation Council (NAAC) was established in 1994 access and accredit this Higher Education Institute (HEIs) and, mandate quality and standards.
University for Master of Business Administration in India types
There are several Central and state government-owned Universities, IIMs, IITs, and NITs which provide degrees in Master of Business Administration by State level entrance exams. IIMs are India’s top universities:
Indian Institute of Management (IIMs):-
| University | Established | Location |
| IIM Calcutta | 1961 | Kolkata |
| IIM Ahmedabad | 1961 | Ahmedabad |
| IIM Bangalore | 1973 | Bangalore |
| IIM Lucknow | 1984 | Lucknow |
| IIM Indore | 1996 | Indore |
| IIM Kozhikode | 1996 | Kozhikode |
| IIM Shillong | 2007 | Shillong |
| IIM Raipur | 2010 | Raipur |
| IIM Ranchi | 2010 | Ranchi |
| IIM Rohtak | 2010 | Rohtak |
| IIM Kashipur | 2011 | Kashipur |
| IIM Tiruchirappalli | 2011 | Tiruchirappalli |
| IIM Udaipur | 2011 | Udaipur |
| IIM Amritsar | 2015 | Amritsar |
| IIM Bodh Gaya | 2015 | Bodh Gaya |
| IIM Nagpur | 2015 | Nagpur |
| IIM Sambalpur | 2015 | Sambalpur |
| IIM Sirmaur | 2015 | Sirmaur District |
| IIM Vishakhapatnam | 2015 | Vishakhapatnam |
| IIM Jammu | 2016 | Jammu |
| IIM Mumbai | 2023 | Mumbai |
IIM Admission 2023 Cut-off
| University | Average Cut-off (in Percentile) | NIRF 2023 (Management) |
| IIM Calcutta | 85 | 4 |
| IIM Ahmedabad | 85 | 1 |
| IIM Bangalore | 85 | 2 |
| IIM Lucknow | 80 | 6 |
| IIM Indore | 85 | 8 |
| IIM Kozhikode | 80 | 3 |
| IIM Shillong | 75 | 26 |
| IIM Raipur | 70 | 11 |
| IIM Ranchi | 70 | 24 |
| IIM Rohtak | 70 | 12 |
| IIM Kashipur | 70 | 19 |
| IIM Tiruchirappalli | 75 | 22 |
| IIM Udaipur | 70 | 16 |
| IIM Amritsar | 75 | 51 |
| IIM Bodh Gaya | 70 | 53 |
| IIM Nagpur | 70 | 43 |
| IIM Sambalpur | 70 | 58 |
| IIM Sirmaur | 70 | 98 |
| IIM Vishakhapatnam | 75 | 29 |
| IIM Jammu | 70 | 41 |
| IIM Mumbai | 85 | 7 |
IIM Fees
| University | Tution Fees+Hostel Charges |
| IIM Calcutta | INR 27LPA |
| IIM Ahmedabad | INR 19LPA |
| IIM Bangalore | INR 25LPA |
| IIM Lucknow | INR 21LPA |
| IIM Indore | INR 22LPA |
| IIM Kozhikode | INR 21LPA |
| IIM Shillong | INR 13LPA |
| IIM Raipur | INR 16LPA |
| IIM Ranchi | INR 18LPA |
| IIM Rohtak | INR 20LPA |
| IIM Kashipur | INR 19LPA |
| IIM Tiruchirappalli | INR 20LPA |
| IIM Udaipur | INR 21LPA |
| IIM Amritsar | INR 18LPA |
| IIM Bodh Gaya | INR 17LPA |
| IIM Nagpur | INR 18LPA |
| IIM Sambalpur | INR 18LPA |
| IIM Sirmaur | INR 16LPA |
| IIM Vishakhapatnam | INR 18LPA |
| IIM Jammu | INR 18LPA |
| IIM Mumbai | INR 21LPA |
Private University:-
| University | NIRF | Location |
| Symbosis Institute of Business Management | 17 | Maharashtra |
| SVKM’s Narsee Monjee Institute of Management Studies | 21 | Maharashtra |
| Amity University | 28 | Uttar Pradesh |
| Amrita Vishwa Vidyapeetham | 30 | Tamil Nadu |
| Lovely Professional University | 32 | Punjab |
| Chandigarh University | 36 | Punjab |
| Anna University | 49 | Tamil Nadu |
| Graphic Era University | 65 | Uttarakhand |
| Manipal University Jaipur | 79 | Rajasthan |
| Jain University | 85 | Karnataka |
| Uttaranchal University | NA | Uttarakhand |
Regular Courses:
Regular Master of Business Administration Courses have a wide variety of specialization in India. Some many Indian Universities and Institutions offer regular 2-year post-graduate courses, divided into four to six semesters in MBA, they provide placement in top companies across the world. The average cost of pursuing a regular Master of Business Administration course in India is INR 5LPA, It varies depending upon the University and specialization.
Distance Courses:
By visualizing market demand many University provides distance courses in Master of Business Administration. This course is designed to provide ease to working professionals. So, they can seek an MBA degree along with Jobs to grow in careers and achieve life goals. Its average pursuing cost is around INR 2LPA in India.
Online Courses:
There is a famous thought in India, “Necessity is the Mother of Invention”. With developing technology, there is up gradation in the Education system for society’s betterment. After COVID-19, Online Courses grabs attention and its demand leads many top universities in India to provide Online Master of Business Administration courses. It makes it easy to working professionals and remote students to seek an MBA degree with the help of technology and an Internet connection in a low cost. Its average cost is about 75,000 in India.
1 Year Courses:
It is gaining popularity in recent times, mainly by working professional who needs master’s degree in career development and promotion. So they can seek MBA degree while working and advance in their life and salary in a one-year program.
Admission Criteria for MBA
In India, there are different methods and entrance exams of admission in the different Universities and Institutions. But basic eligibility is Student must have a minimum of three years of Bachelor’s degree from any UGC-recognized University with a minimum of 50% marks (45% for SC/ST/OBC/PH/Others). Students who may have any other educational background are also eligible to pursue a Master of Business Administration. Several university takes direct admission while many university takes admission based on entrance exams and interviews. Students in the final year of graduation are also eligible for admission to the Master of Business Administration.
Popular Exams for Admission in Top Universities in India
✓ CAT (Common Admission Test)
It is a very famous MBA entrance exam in India conducted by the Indian Institutes of Management, which notification comes in the month of July-August. Top university admission is the basis of the result of this examination.
✓GMAT (Graduate Management Admission Test)
Graduate Management Admission Council conducts the Graduate Management Admission Test for admission in MBA for national and foreign institutes. Candidate can appear 5 times in a year for this test.
✓ XAT (Xavier Aptitude Test)
Xavier School of Management, Jamshedpur conducts the XAT exam in the month of January. It is as difficult as CAT, so it is accepted in many management universities and institutes.
✓IIFT (Indian Institute of Foreign Trade) exam
Indian Institute of Foreign Trade conducts the IIFT exam for admission in the International Business Program, admitted for the global program.
✓ MAT (Management Aptitude Test)
All India Management Association conducts the popular national-level entrance exam MAT for admission to different Management Institute and Universities across India. This exam is conducted 4 times a year, i.e. February, May, September, and December.
✓CMAT (Common Management Admission Test)
The National Testing Agency conducts the popular national entrance test CMAT for admission to top Universities in the month of April.
✓ SNAP (Symbiosis National Aptitude Test)
Symbiosis International University conducts the national entrance test SNAP for admission in different national level University admission in the month of December.
✓MAH-CET (Maharashtra Common Entrance Test)
Directorate of Technical Education, Maharashtra conducts MAH-CET for admission in MBA in different management institutes in the state of Maharashtra.
✓NMAT (Narsee Monjee Management Aptitude Test)
Graduate Management Admission Council conducts NMAT for admission in MBA programs in various institutes and Universities. In this test, three times exams are conducted, and the best of the three is considered for admission.
✓ TISSNET (Tata Institute of Social Sciences National Entrance Test)
Tata Institute of Social Science conducts the TISSNET entrance exam for admission in MBA in different Tata Institute across the nation. The exam is conducted in the month of February each year.
Types of Courses in MBA
There are three types of MBA courses in India. That includes:
• General Master of Business Administration (MBA)
• Post Graduate Diploma in Management (PGDM)
• Post Graduate Program (PGP) Certificate
Top Specialization in Master of Business Administration
There are several specializations in Master of Business Administration in India. The top and most Popular Specialization and their average salary after pursuing in India are:
✓ MBA in Finance
Master of Business Administration in Finance deals with finance management, risk assessment, price management, and market analysis skills.
It enhances deep finance and calculation knowledge which is required in the sector of finance, banking, and investment by covering subjects like financial management, Planning, Pricing, Capital Cost, and many more.
It enables me to make a career in Analyst, chartered accountant, or Investment banker with a starting salary of about INR 4LPA in India.
✓ MBA in Marketing
Master of Business Administration in Marketing deals with brand management, consumer behavior, price management, and marketing strategy skills.
It enhances deep sales and marketing knowledge by covering subjects like Organization management, Sales management, Marketing Management, and many more.
It enables me to make a career as a Marketing manager, Brand manager, Media Analyst, and chartered accountant with a starting average of about INR 11LPA in India.
✓ MBA in Human Resource Management
Master of Business Administration in Human Resource Management deals with Human Resource development, talent acquisition, and working culture.
It enhances deep knowledge by covering subjects like Human Resource Management, Organization management, Performance management, Industrial Management, and many more.
It enables one to make career in a Business Consultant, Brand manager, Employee Relations Manager, or HR Executive with a starting salary of about INR 6.36LPA in India.
✓ MBA in Information Technology
Master of Business Administration in Information Technology deals with computer applications, IT management, Software development and engineering.
It enhances deep IT knowledge by covering subjects like Web design, C Programming, Java development, OOPS, Python Programming and many more.
It enables to make a career in IT Manager, IT Officer and Director, System Manager, and Chattered Accountant with an average salary of about INR 34LPA in India.
✓ MBA in International Business
Master of Business Administration in International Business deals with Business Rules and regulations, International laws and Indian business laws for business between two or more countries.
It enhances deep business knowledge in international and Indian markets by covering subjects like different business rules and regulations, Business laws, different business issues, tools and techniques, and many more.
It enables to make a career in International Business, International market, Indian Business and analysis, and Chattered accountants with a starting salary of about INR 9LPA in India.
✓ MBA in Business Analytics
Master of Business Administration in Business Analytics deals with Data Analysis, Business Management, Leadership enhancement, consumer behavior, price management, and Business operations skills.
It enhances deep sales and marketing knowledge by covering subjects like Organization management, Financial management, Accounting, Marketing Management, and many more.
It enables to make a career in Marketing Management, Marketing Analyst, Product Manager, and Talent Management, with a starting salary of about INR 9.5LPA in India.
✓ MBA in Economics
Master of Business Administration in Economics deals with Business economics, laws, and administration.
It enhances deep economic knowledge by covering subjects like Business economics, Business Laws, India Goods and Services Tax and many more.
It enables to make a career in Business Analyst, Global Business Analyst, Business Management, chartered accountant, with a starting salary about INR 5 LPA in India.
✓ MBA in Entrepreneurship
Master of Business Administration in Entrepreneurship deals with Data Analysis, Business Management, Leadership, and Business Visualization.
It develops deep entrepreneur knowledge by covering subjects like Business Analyst, Data Management, Presentation, Future Growth Calculation and many more.
It enables to make a career in Entrepreneurship, Project Management, Business Manager, and Chattered Accountant with an average salary of about INR 7LPA in India.
✓ MBA in Data Analytics
Master of Business Administration in Data Analytics deals with Business, Clients Data Analysis and Management.
It enhances deep analytical skills by covering subjects like Database Management, Business analysis, Assets management, and many more.
It enables to make a career in Marketing management, Marketing Analyst, Product management and analyst, with a starting salary of about INR 6LPA in India.
✓ MBA in Healthcare Management
Master of Business Administration in Healthcare Management deals with Hospital Managers, Medicine Administrators, Leadership, and Medical Policy Management.
It enhances deep Healthcare Industry knowledge by covering subjects like Organizational behavior, Health Economics, Project Management, Industry analysis and many more.
It enables to make a career in a Medical Researcher, Product Manager, Hospital Accountant, any Pharmaceutical role with a starting salary of about INR 8.5LPA in India.
✓ MBA in Operations Management
Master of Business Administration in Operation management deals with Product Management, Business operation, Human resource development, Sales and Marketing manager.
It enhances deep Business operational knowledge by covering subjects like corporate finance, managerial economics, strategic management, and many more.
It allows to make a career in a Business Manager, Finance manager, Operational manager, or Human resource management department with a starting salary of about INR 8LPA in India.
✓ MBA in Logistics Management
Master of Business Administration in Logistics Management deals with supply chain optimization, transportation, Product management, and inventory management.
It enhances deep logistics knowledge by covering subjects like Logistic Management, Operations Management, Export Trade, Quality Assurance, and many more.
It enables to make a career in Operation Manager, Logistics Manager, or Product Manager with a starting salary of about INR 6LPA in India.
✓ MBA in Supply Chain Management
Master of Business Administration in Supply Chain Management deals with Supply chain optimization, Product Management, Marketing, and Supply Chain Strategy.
It enhances deep product knowledge by covering subjects like Supply Chain Optimization, Strategic Management, Distribution Management, and many more.
It enables me to make a career as a Business Analyst, Product Manager, and Project Planner with a starting salary of about INR 4LPA in India.
Syllabus of Master of Business Administration
| Samester | Subject |
|---|---|
Semester I |
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Semester II |
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Semester III |
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Semester IV |
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Benefits of Master of Business Administration
Managerial Skill: The MBA course includes such as Business planning, decision-making, problem-solving, communication, delegation and time management which allows one to work effectively in an organization.
Analytical Skill: Develop tools and techniques required for market analysis and market knowledge which allows to grow and enhance in the market through MBA course.
Primary Skill: Basic skills, discipline, workplace knowledge, and ethics develop during the program which not only help in career but in personal life too.
Communication Skill: The way of Communication is very important in life which helps to boost a person’s confidence in life and allows them to explain, present or resolve issues with better understanding by the help of pursuing an MBA course.
Problem-Solving Skill: The MBA Course helps to build analytical and solving skills and approaches in different situations.
Technology Skill: In this technology world, every course and skill needs to be grow with technology. MBA helps to develop tally, excel, and digital accounting skills which help throughout the career.
Leadership Skill: Ability shown by people to manage different things with different tools, and techniques and encourage groups to perform specific task.
Entrepreneurship Skill: MBA develops hard and soft skill which leads to the development or encouragement of a business or an organization.
Financial Modelling: MBA develops the ability to create an organization’s financial model to present and forecast a company’s performance and its future.
Marketing Skill: Develop brand managing, product display skill and marketing skills to enhance brand in today’s world market.
Tools and Techniques: Enhance knowledge of different business tools, sales and marketing techniques for making products to specific brands.
Self-Reliance: MBA helps to develop basic skills and knowledge with enthusiasm to relay on yourself.
Team Work: The course helps to develop ability to perform together in a team for the achievement of some specific goal.
Organizational Skill: Develop skills such as time management, stress management, communication, planning, setting and achieving goals, and many more during the course.
Subject Knowledge: Master’s degree enhance a subject deep understanding of their fundamental principles, information about business topics, and today’s commerce law.
Outside India: Opportunity for a person having an MBA degree is also outside India.
Income Increment: Subject potential knowledge helps in salary increment and working flexibility in an organization.
Job Switching: Course helps to develop wide option and opportunity with higher qualification eligibility with experience of previous job provides more jobs variety to choose.
There are several other skills, different tools and techniques also developed during courses.
Careers opportunity in MBA
Analyst: Every organization requires an analyst who can help to improve the profit of the organization by analyzing market demand and various data to increase production more and more, the master’s degree helps to acquire these skills.
Accounts Management: Accounts give basic ideas about present and future development in an organization, as we know finance is the motive of any firm it includes data that needs to be managed accordingly.
Strategic: The growth of an organization depends upon market and profit-making which cannot be done without any strategy. Every organization needs a person who can provide a strategy to grow in the market
Entrepreneurship: This skill helps to create or extract economic value with minimum risk in the development or running of a business or an organization.
Business: Create or develop a business and its strategy by taking the consumer in mind to make more profit and value.
Corporate Sector: MBA has huge demand in the corporate sector because it runs to make profit more and more in a competitive world.
Marketing Manager: Being a manger is a leadership quality with responsibility in the development of an organization and its human resources.
Financial Manager: A person who manage the finance of an organization in data sheet form which includes data such as finance calculation, capital investment, transaction, profit, and losses.
IT Manager: A person having technical knowledge who leads IT department, database management, and provides data security.
Consultant: In this job role, the person analyses the client or organizational data and predicts future or helps in product growth in today’s world.
Sales and Marketing: Marketing’s basic motive is to reach our product to more and more new and existing consumers which needs business sales and marketing skills to grow demand. It is open sector and always having huge requirements of skilled human resources.
HR: Every organization has a human resource management department that manages the human resources, clients, and conflicts or solves organizational problems in firm benefit.
Conclusion
Master of Business Administration course provides a wide variety of career opportunities, and deep subject knowledge which helps for working in both the public as well as private sector. This article helps to inform students about MBA courses, universities that provide MBA, and the benefits of it in different sectors and organizations. The program has better present and future scope all over the world within top organizations and helps in financial growth, skills, and many more.