MBA is a Master of Business Administration, a postgraduate degree mainly focused on business administration. The core courses in an MBA program cover various fields of business administration such as Accounting, Finance Management, Healthcare Management, Human Resource Management, IT, Marketing, Operation & Production(OP) Management, etc. The total duration of MBA courses is 2 years. There are several entrance exams that are conducted at the National level for MBA admission. Some of the top national-level MBA entrance exams are CAT, MAT, XAT, ATMA, CMAT, etc. Some of the popular MBA colleges conduct various entrance exams at the university level for the MBA admission of their students. Such University entrance exams are NMAT/NMIMS, CUSAT, SNAP, IPU CET, etc. An MBA degree is a program usually pursued by students with at least a few years of professional experience who are looking to accelerate their careers or switch careers into new areas like industry, geography, and many more. Completing an MBA can lead to major salary growth and a massively expanded network of experts & professional contacts.
Below is some important facts about the MBA course:
|Full form||Master of Business Administration|
|Course level||Postgraduate PG.|
|Types of MBA||Full & Part-time MBA, Distance MBA or Online MBA, Executive MBA, and Integrated MBA, etc.|
|MBA course fee||INR 3 lakhs to INR 30 lakh and above.|
|MBA admission process||Entrance-Based and Interview.|
|Top MBA entrance exams||Common Admission Test(CAT), MAT, CMAT, NMAT, ATMA, IIFT, XAT, and IBSAT|
|The number of colleges||There are 5000+ colleges in India offering Full-Time MBA courses.|
|Top MBA specializations||Accounting, Finance Management, Healthcare Management, Human Resource Management, IT, Marketing, Operation & Production(OP) Management, etc.|
|Average salary||INR 6LPA - INR 30 LPA.|
|Top Recruiters post MBA||Amazon, Facebook, Google, Adobe, etc.|
Some of the most popular MBA specializations are listed below:
MBA in Finance Management:
Master in Business Administration (MBA) in Finance management provided knowledge & information on management, control, and review of the collection, investment, and resources of money. This course offers many opportunities in the different financial sectors allowing the candidate to learn and earn by analyzing company reports, forecasting business trends, maximizing stock values and profitability, minimizing financial risks, and managing the investment.
MBA Finance course is offered by all popular MBA institutes in India. MBA Finance requires a good knowledge of Mathematics and Accounting. career prospects in finance sectors are many and rewarding. MBA in Finance degree provides students with the ability, knowledge, and techniques to get employment in the corporate as well as government sectors. MBA in Finance also gets jobs in stock markets, audit agencies, taxation firms, and also setting up their own business in several finance sectors. The scope of an MBA in Finance is very good globally as there are many reputed institutes that offer international finance programs as well.
MBA in Healthcare Management: MBA in Healthcare Management is a specialization in several Healthcare sectors that have gained popularity in recent times. Nowadays, India is moving forward in the healthcare sector to compete with developed nations, and the management of hospitals and healthcare facilities has become a prominent sphere for career opportunities. Healthcare Management is the overall management of clinics, hospitals, and healthcare facilities. A Healthcare manager with an MBA degree is in charge of the smooth functioning of the facility. He is responsible for taking care of the day-to-day operations, the budget, the goals of the facility’s practitioners, and the needs of the community. To be able to perform these duties smoothly, one needs to have good training and guidance. MBA in Healthcare Management is a course that offers to produce skilled healthcare management professionals.
MBA in HR(Human Resource): MBA in Human Resources(HR) is a specialization designed to produce HR experts & professionals to hire and manage the work done by the organization. organizations have their own values, visions, ideals, working language, systems, and methodology. The HR department of an organization is responsible for developing the company's culture & rules among employees. Their goal is to hire the best employee and retain them within the organization. HR is one of the main persons to the value growth and sustenance of a company. The MBA in HR program provides skills and training in these areas so that a professional or a group of professionals know and provide the best for employees. An MBA in HR is one of the most popular degrees as every organization needs skilled professionals to take care of their workforce as it is critical to the company's business and boosts their growth. Students can pursue a number of jobs across reputed industries after MBA in HR with high salary packages.
MBA in IT(Information Technology): MBA in Information technology(IT) for those who plan to be a part of the growing internet-based industries that include e-commerce platforms and technology companies. An MBA in IT provides entrepreneurs or leaders with a great understanding of the management of people, e-commerce, and security. Students with an MBA degree have an upper hand in this competitive business world as the post-graduation course offers a clear vision and advances a business to change with technological trends. This course also provides the aspirants with a solid foundation in management skills and experts in IT. It does not come as a surprise that today we have professional degrees dedicated to IT as those looking for a career in this sector have many avenues. The range for MBA in IT is big & vast and you can opt for one or several career options after completing your MBA IT degree. The correct approach is to select the best MBA institute providing good quality education for the post-graduate programs in the IT sector, ready yourself for the relevant entrance exam, and complete the admission procedure as per the guidelines of the institution.
MBA in Marketing: MBA in Marketing is one of the oldest courses of management study and the most popular among students pursuing several job opportunities in the market. Every organization requires a marketing team that could popularize the brand through activities, promotions, advertisements, sales, media, and entertainment. Today, a new branch of marketing, online or digital marketing, has become the new trend among students as companies & organizations use the social media world for brand promotions. This has further increased the opportunity for an MBA in Sales & Marketing. Marketing is a vast field so the opportunity for MBA in marketing in India is increasing. After the completion of an MBA in marketing, students can be placed as sales executives or managers in big companies across industries, including FMCG, retail, tourism, banking, hospitality, media, advertising, and market research.
MBA in OP(Operation & Production): MBA in OP is one of the most popular courses among Indian students. Operations & Production are the foundation of any business organization. It requires successfully managing and running the business practices of an organization for producing the best & prime output. The main aim of any operations department is to collect resources, materials, equipment, and staff or develop technology to ensure maximum output. Detail and Decision oriented, Operations contain tasks such as planning, controlling, staffing, directing, and organizing. The Operations Manager includes interacting and coordinating with different teams like technology, development, sales, marketing, logistics, and supply chain to understand the client's needs and produce the product as per the expectation of the client by following the most suitable strategy. Operations as a field of study are taught at both undergraduate and postgraduate levels. One of the most popular Operations courses in India is the MBA Operation.
Below are some important points, on why an MBA is a useful degree:
If an Indian Student wants to pursue an MBA degree from abroad then students have to take a slightly different route from the traditional one. They have to clear the Graduate Management Aptitude Test (GMAT) and language proficiency tests Test of English as a Foreign Language (TOEFL) and International English Language Testing System (IELTS) for MBA abroad admission. Academic qualification for MBA abroad is the same as that of domestic programs like 50 percent aggregate in graduation and 45 percent for reserved categories from a recognized university. Work experience of three to five years is required for most MBA courses abroad.
The most popular countries for MBA abroad are the UK, USA, Canada, Australia, Russia, Georgia, Germany, New Zealand, etc.
MBA is a very good futuristics course for Students, MBA salary in India is consistently rising year after year as the scope of MBA courses is also widening. MBA degree provides enough job opportunities in several sectors, ranging from finance, and health to media. MBA is one of the most popular courses among students and is also a generally pursued degree after graduation like BTech, BBA, BCom, BA, BSc, and BCA graduates today choose to pursue an MBA after graduation. MBA graduates are in high demand in corporate and business organizations. An MBA degree holder is expected to work as a manager for a company or organization after graduation and have abilities like Communication skills, Managerial skills, Analytical Skills, Learning Skills, Decision-making skills, etc. After pursuing an MBA degree, candidates can either start working as full-time professionals or pursue their own startup or higher studies. There are so many big companies & organizations that offer MBA jobs to candidates with appropriate skills and experience.