MBA Course 2022-23 | Fees, Exam, Types, College, Jobs & Admission Process

MBA Course: Master of Business Administration (MBA) is a Master’s Degree Course that mainly focuses on management skills and opens up various career opportunities in the field of Management. MBA is a very popular course in India as well as abroad.

In order to apply for MBA Admission, Students must be passed out with a minimum of 50% in their Bachelor’s Degree belonging to any stream such as Science, Commerce, Arts, Humanities, etc. The duration of the MBA program is 2 Years. Generally, the average fees for MBA courses range from INR 2-30 LPA. However, it varies from college to college. 

Admissions to MBA Programmes are done on the basis of MBA Entrance Examinations such as CAT, MAT, NMAT, SNAP, ATMA, and XAT. The most popular colleges are IIM Rohtak, IIM Kanpur, IIM Jammu, and IIM Amritsar.

About MBA Course

Master of Business Administration (MBA) is one of the most popular courses in the world. It provides an abundance of career opportunities for students from different educational backgrounds. There are more than 25 specializations offered in MBA which are planned keeping the previous background and the domain of the aspirants. 

It covers Marketing, Accounting, and Management which helps in building skills such as  Management skills, Business skills, Leadership Skills, and Decision-Making Skills. Adding to this, it facilitates students to get job opportunities at various institutions related to government as well as private sectors with a good salary package.

Common subjects in MBA include Marketing Management, Supply Chain Management, Operations Management, Strategic Management, many more. MBA Course is the best option for the students who want to pursue their career in Management as well as Business field.

MBA Admission Process

• Mostly, MBA Admissions are granted on the basis of the Entrance Examination. 
• The most popular National level Entrance Exams are CAT and MAT. 
• Based on the marks scored in the Entrance, colleges are allotted to students. Adding to this, personal interviews and group discussions are also held in order to know some qualitative attributes that are beyond the academic scores.  However, there are some of the colleges that accept admissions without Entrance Tests.

MBA Eligibility Criteria

The eligibility criteria required for MBA Admissions differ from college-to-college. Therefore, it is advised that candidates should ensure the basic requirements regarding the eligibility criteria. Some basic eligibility criteria have been mentioned below:

• Candidates must be graduated from any discipline (B.A/ B.Sc/ B.Com/ BBA/ BCA/ B.Sc/B.Com/BBA/BCA/B.Tech, etc.) 
• The minimum percentage should be 50% (varies from individual Universities/Institutes).
• Relaxation of 5% for reserved categories (such as SC/ST/OBC) 
• Students who are in their graduation final year are eligible to apply. But, they have to make sure that all the required graduation documents should be ready in a given time period.
• Candidates must have cleared the MBA entrance exams such CAT, MAT, GMAT, NMAT, XAT, etc.

MBA Entrance Examinations

For MBA Admissions, the Entrance Examinations are conducted at the National and State levels. Adding to this, some of the colleges prefer to conduct their entrance examination individually. Various Management Entrance Examination is  CAT, MAT, NMAT, ATMA, CMAT, XAT, SNAP, IIFT. 

The most popular MBA Entrance Examinations has been discussed below: 

• Common Admission Test (CAT): CAT is a national-level MBA Entrance Examination conducted by various IIMs annually. Various MBA Colleges select students on the basis of marks scored in CAT. 

Eligibility: Candidates who have Bachelor’s Degree or students who are pursuing the Final Year from UGC/MHRD/AICTE recognized universities are eligible to apply. Minimum marks for General Category are 50% and 45% for the Reserved category.

Exam Pattern: It consists of three sections – Quantitative Aptitude (QA), Data Interpretation and Logical Reasoning (DILR), and Verbal Ability and Reading Comprehension (VARC).

• Management Aptitude Test (MAT): MAT is a national level Entrance Examination conducted by AIMA. It is conducted 4 times a year in the months of February, May, September, and December. 

Eligibility: Candidates who are in the Final Year or completed their Graduation from a recognized University are eligible to apply for MBA Entrance Examination. However, the conducting body AIMA has not specified any minimum marks required to appear for the Examination as it would be the respective College’s decision.

Exam Pattern: The question paper consists of 200 objective-type questions carrying 1 mark each. 

• Narsee Monjee Aptitude Test (NMAT): NMAT is a national level Management Entrance Examination and its conducting body is GMAC. At the time of registration, candidates have to choose five Colleges in which they wish to study MBA. Candidates can appear 3 times a year.

Eligibility: Graduated or final year students can apply. The minimum marks should not be less than 50 percent. 

Exam pattern: The exam pattern has been revised as earlier, it consists of 120 total questions in the exam paper. But, it is reduced to 108 questions comprising 3 sections – Quantitative Skills, Logical Reasoning, and Language Skills.

MBA Specializations

Specialization subjects are either decided by the Institution or by the candidates. Some MBA institutes let students be familiar with general subjects and then, they are asked to select the specialization subjects as per their preference. Students may be given to choosing the Core and General elective subjects.

• MBA in Marketing Management
• MBA in Human Resource management
• MBA in Information Technology
• MBA in International Business
• MBA in Digital marketing management
• MBA in Telecom Management
• MBA in Finance & Accounting
• MBA in Entrepreneurship
• MBA in Rural Management
• MBA in Sustainability Management
• MBA in Agriculture & Food Business
• MBA in Computer Application
• MBA in Communication and Media Management
• MBA in Banking and Finance Management
• MBA in Pharmaceutical Management
• MBA in Supply Chain Management 
• MBA in Disaster Management

MBA Syllabus

There are 4 semesters in MBA and the syllabus is divided semester-wise. Students are exposed to various theory and core subjects from Semester 1 to Semester 3. The final semester deals with Internship Projects.

MBA Course Details

There are three types of MBAs having different admission processes, duration, and fees. These details have been discussed in the following sections: 

Full-Time MBA: This program is a 2 Years full-time program. The admission process is based on Entrance as well as Merit based. Candidates who have work Experience are eligible to apply for MBA. Regarding the colleges, there are various IIT Colleges offering MBA programs. The average fee is Rs. 8 lakhs to Rs. 22 Lakhs. 

Part-Time MBA: This Programmes is also known as Executive MBA and is a 1-Year program. It provides an opportunity for working professionals to study without skipping their work schedules. The average fee ranges from Rs. 8 lakhs to 22 Lakhs.

Online MBA: The duration of an online MBA is same as a full-time MBA that is 2 Years. Classes happen regularly but in an online mode. This course is open for Working Professionals having at least 3 Years of experience. The advantage of pursuing an Online MBA is that it saves time and classes can be attended from anywhere.  The average fee is Rs. 50,000 to Rs. 500,000

Distance MBA: Some of the colleges offer distance learning to students who want to pursue their career in MBA. In Distance MBA, Classes happen on the weekends. Based on the marks obtained in the common Management Entrances such CAT, MAT, ATMA. Adding to this, one can apply from IGNOU but they have to pass OPENMAT Entrance Test. There are various MBA specializations available for distance learning. Such specialization subjects are MBA Finance, MBA Marketing, MBA Human Resource Management, and MBA International Business. The fee ranges from Rs. 50,000 to Rs. 200, 000. 

MBA Colleges with Fees

In India, it is found that there are 6500 MBA Colleges present in the cities such as Delhi, Mumbai, Bangalore, Kolkata, etc. Every year, 3 lakh students get admissions to these MBA Colleges.

Some of the colleges offering Full Time, Part Time, Online, and Distance MBA Courses along with their respective fees has been listed in the table given below: 

MBA Course Important Dates

Admissions to the best colleges are granted on the basis of the Entrance Test. In order to take admission to the MBA, candidates need to register first, and then they proceed to the further processes. The list of these colleges along with the last date of registration given below:

MBA Course Career Opportunities

After completing an MBA Degree, one can get excellent career and job opportunities with a high paid salary which is the most robust reason behind pursuing an MBA. The job roles and their expected salaries have been given below:

• Senior Sales Executive Salary: INR 2.8 LPA
• Operations Manager Salary: INR 12.5 LPA
• Human Resource Generalist Salary: INR 3.4 LPA
• Business Development Management Salary: INR 14.4 LPA
• Human Resources Manager Salary: INR 6.32 LPA
• Business Analyst (IT) Salary: INR 5.27 LPA
• Management Consultant Salary: INR 11.28 LPA
• Financial Analyst Salary: INR 4.14 LPA
• Area Sales Manager Salary: INR 6 LPA
• Account Manager Salary: INR 5.86 LPA
• Regional Sales Manager Salary: INR 11.4 LPA
• Management Consultant Salary: INR 11.28 LPA

Top Recruiting Companies After MBA Course

There are various companies that offer employment opportunities to MBA Graduates as it is in high demand. Students who want to be placed at reputed companies with good salary packages can check out the following colleges listed below:

• Google
• Deloitte
• Wipro
• NTPC
• Citibank
• ITC
• Vodafone
• Larsen and Toubro
• Nestle
• Flipkart 
• Microsoft
• Amazon

FAQs About MBA Course

Q1. What is an MBA?

MBA stands for Management of Business Administration. It is a professional Master’s Degree that is popular not only in India but all over the World. Basically, this course trains the students in order to convert them into professionals by exposing them to the various domains of Business Administration. 

Q2. Why should one pursue an MBA?

MBA provides market-oriented knowledge which will further help in management and business fields. Adding to this, it provides various job opportunities from the various sectors be it the Governmental or Private sector.

Q3. Who should do an MBA?

Students who want to build their career in management and have strong leadership skills can pursue MBA. Besides this, working professionals with little work experience can strengthen their educational qualifications by studying MBA.

Q4. Is MBA a hard course?

It depends on the potential of the students. For many of the students, it is easy whereas some of the students believe that it is difficult to pass. But, if a student works hard in an organized manner, he/she can complete an MBA without any failure.

Q5. What is the MBA Specialisation?

Following are the list of MBA Specialisation:

• MBA in Marketing Management
• MBA in Human Resource management
• MBA in Information Technology
• MBA in International Business
• MBA in Digital marketing management
• MBA in Telecom Management
• MBA in Finance & Accounting
• MBA in Entrepreneurship
• MBA in Rural Management
• MBA in Sustainability Management
• MBA in Agriculture & Food Business
• MBA in Computer Application
• MBA in Communication and Media Management
• MBA in Banking and Finance Management
• MBA in Pharmaceutical Management
• MBA in Supply Chain Management 
• MBA in Disaster Management

Q6. What is the Admission process of an MBA Programme?

Generally, most colleges accept entrance-based admissions. However, MBA admissions take place based on both Entrance Test and Merit- List. Some of the institutions grant admissions directly without any Entrance on the basis of merit. 

Q7. What skills were acquired after doing an MBA?

The main skills such as Management skills, Business skills, Leadership Skills, and Decision- Making Skills can be acquired by pursuing MBA Programme.

Q8. What are the academic qualifications required for MBA Admission?

In order to take admission to MBA, one should have a Bachelor’s Degree with a minimum of 50% marks and should have cleared Management Entrance Test. To examine some other qualitative attributes, personal interviews and group discussions can also be conducted after qualifying for the Entrance Exam.

Q9. Which one is better- Full Time MBA or Executive MBA?

A full-time MBA course is for a full-day regular course in which students can gain intense and in-depth knowledge about their specific subject topics due to the continuous interaction between the students and the experts. Whereas in Executive MBA, the classes are held only on weekends which lacks communication resulting in partial communication. But, it is beneficial for the working professionals and seniors as Executive MBA facilitates them to earn a degree while continuing their current job responsibilities.

Q10. Which jobs do MBA Graduates do?

• Senior Sales Executive
• Operations Manager
• Human Resource Generalist
• Business Development Management
• Human Resources Manager
• Business Analyst (IT)
• Management Consultant
• Financial Analyst
• Area Sales Manager
• Account Manager
• Regional Sales Manager
• Management Consultant

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