What is MBS? Full-Form and Overview of Master of Business Studies

MBS Decoded: The Business Degree You Need to Know The Indian Business Insider

The Indian business landscape is fast-paced. Every new and innovative idea that transforms into a successful business needs a consumer base that can encourage it to grow. India, a land of immense diversity, offers an entrepreneur the benefit of experimenting and creating.

Our country is home to approximately 1.6 million registered companies . Many start-ups have developed some of the most path-breaking ideas and innovative solutions within this vast group. This has contributed to a more effective and solution-orientated business market and ranked our start-up ecosystem among the top 3 in the world.

Apart from providing millions of job opportunities, the Indian Business Market also opens its doors to various industries, such as

• IT

• Finance

• Retail

• Manufacturing

Being a part of India’s business landscape is genuinely an exciting job! Not only do you get the chance to innovate constantly, but you also come across various unattended problems that need to be addressed with practical solutions. This teaches you the essential skills such as problem-solving, decision-making, and critical analysis. Let’s explore how an MBS degree provides a solid foundation for those looking to make a lasting impact in the business world!

Also Read:  Business Analytics

What is MBS: Unlocking the Basics?

MBS stands for Master of Business Studies. It is a two-year postgraduate course spread across four semesters. If you are interested in pursuing a career in either economics or management, an MBS degree is the perfect choice. Business studies is a subject that concerns a wide range of business activities in the industrial and commercial sectors. Compared to entrepreneurship, business studies is a broader subject. This subject is designed to teach you about the different forms of organisation.

There are a variety of specialisations for you to choose from. Master of Business Studies, or MBS, is a very comprehensive programme. It combines both theory and practical applications. This helps prepare you for leadership roles in the business industry. Although the specialisations can differ across different colleges, here are some general specialisations offered as a part of the MBS course:

• Finance

• Marketing

• Human Resource Management

• International Business

• Operations Management

Reasons to Pursue an MBS

An MBS, or Master of Business Studies, is a programme that can help you gain a complete spectrum of business knowledge. This can prepare you for the different industries that offer jobs to MBS graduates. Here are some reasons that support the idea of pursuing an MBS:

1. Hone Your Skills: To work in entrepreneurship, you are expected to develop specific essential skills. These include critical thinking, problem-solving, and spontaneous or quick decision-making. What still stands out as the most important is the ability to be a good leader. You are regarded as a potential leader if you can guide a group of individuals to perform a specific task efficiently.

2. Business Knowledge: The MBS course offers insight into different business functions, such as finance, marketing, operations, and more. This gives you an in-depth understanding of the industry you are likely to enter. These are some of the most important aspects of running a business.

3. Wide Spectrum of Specialisations: You are offered a wide range of specialisations as a part of this course. Choosing any of them can help you find the desired industry and can help you align your goals with the same.

4. Flexibility: It does not matter if you do not start a business. An MBS degree is still quite beneficial for you. It prepares you with the skills and knowledge relevant to different industries. You can even work in any of these in a job and still be able to use your skills and put your knowledge to the test.

Also Read: Role of AI in Transforming Business and Education

What Makes You Eligible?

Let us understand the simple eligibility criteria for the MBS course. While the requirements may differ according to the college, here are some general criteria you can consider:

1. You must have an undergraduate degree in any field of your choice.

2. You must achieve at least 50% of the marks in your 10+2+3.

3. You may also apply if you are still awaiting results from your last year.

Top Colleges to Check Out

Here are the top colleges you can consider for an MBS degree.

1. Indian Institute of Management (IIMs)

2. Faculty of Management Studies (FMS), Delhi University

3. Narsee Monjee Institute of Management Studies (NMIMS)

4. Symbiosis Institute of Business Management (SIBM), Pune

5. Xavier School of Management (XLRI), Jamshedpur

Entrance Exams: What Qualifies You?

Here are some of the entrance examinations conducted for the Master of Business Studies course:

1. TOEFL: Test of English as a Foreign Language

2. PGAT: Post Graduate Aptitude Test

3. IELTS: International English Language Testing System

4. DDU: Dharmsinh Desai University Entrance Test

5. CAT: Common Admission Test

6. HSEE: Humanities and Social Sciences Entrance Examination

Syallbus: What Does an MBS Cover?

Here is a complete syllabus guide for your MBS degree. Learn about the subjects covered by the course across all four semesters.

Semester 1 & Semester 2

Semester 3 & Semester 4

Electives

*please note that the syllabus may vary based on each university/college.

Charting New Business Horizons with MBS: Job Prospects

Here are the job prospects you can discover after completing your Master of Business Studies degree. The salary range mentioned is a general range and is subject to change.

Source:  Ambition Box

Essential Skills to Crack MBS

Developing the essential skills to perform better as an MBS student can help you enhance your performance and secure a better job. You must consider the following skills to develop:

1. Analytical Thinking 
   You can be expected to assess data and derive innovative insights from it to make more efficient decisions.

2. Communication Skills 
   Irrespective of your industry, you are expected to develop clear communication skills. This is necessary in both written and verbal forms.

3. Leadership Abilities
   It is challenging to work or guide a team. You must develop skills such as taking initiative, guiding a group of individuals, and group problems.

4. Time Management 
   Like the other life skills, time management is essential—instead, it is non-negotiable! It is a skill that can help you perform faster and more efficiently than others, even if you are less experienced.

Also Read: Business Development Executive – Job Roles and Responsibilities

Aim Higher: Top Recruiters After MBS

Here are the top recruiters who hire MBS graduates. The salary mentioned is a general range and may differ.

Source:  Ambition Box

*please note that the salary may vary based on industry, experience, and skills.

Conclusion: Signing Off

Let us understand the business industry this way. India is a fertile ground for new ideas to grow and prosper. Multiple investors encourage new ideas and invest in them. Additionally, there are various job prospects for you to explore. In a nutshell, this industry is promising in giving you your desired output. Not only does this course prepare you for different sectors, but it also helps you develop some essential skills that form the core of a successful entrepreneur. The Master of Business Studies course prepares you for everything;  whether mastering financial management, marketing strategies, or leadership, this programme empowers you to tackle complex challenges head-on. So if you plan to pursue a degree in MBS, you are making a great choice.

Also Read:  Story of MBA Chaiwala: From Business Tycoon To Failure

Frequently Asked Questions

Q.1 What are the top skills every MBS graduate is expected to have?

Here are the top skills every MBS graduate is expected to have:

1. Strategic Thinking

2. Financial Analysis

3. Leadership

4. Communication

5. Problem-Solving

Q.2 What are the most challenging subjects of an MBS degree?

Here are the most challenging subjects of an MBS degree:

1. Financial Management

2. Strategic Management

3. Business Analytics

4. Marketing Management

5. Operations Management

Q.3 What are the highest-paying job prospects after completing an MBS?

Here are the highest-paying job prospects after completing an MBS:

1. Business Development Manager

2. Financial Analyst

3. Marketing Manager

4. Management Consultant

5. Operations Manager