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Kamaldeep
11 June, 2024
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What is the craze about MBA? Why is everyone eager to pursue this degree?
Well, it is difficult to explain in just a few sentences, why graduates increasingly opt for MBA courses or management education. In the changing dynamics of the business sphere globally, companies have been shifting hiring trends. Solely, having niche or technical skills is not enough if you want to size a lucrative opportunity. Employers look for business understanding and management aptitude in candidates. While your technical skills show your expertise, having the ability to manage reflects your potential to enhance the business performance. This is why, recruiters prefer MBA graduates. Besides this, mid-career professionals often struggle with a stagnant growth phase. An MBA degree accelerates your career growth and gets you a significant salary hike.
If you are also planning to pursue an MBA degree but are in a dilemma, this blog is for you. We have started from point zero in this blog and explained everything about an MBA.
MBA’s full form is a Master of Business Administration. It is a two-year postgraduate degree programme offered by the most renowned institutions in the world. This degree is provided in various specialisations like financial management, HR management, marketing management, strategic management and many others. It prepares candidates for managerial and leadership roles in the business world. The MBA course curriculum is a combination of theoretical concepts and practical training. It consists of relevant industry exposure and enhances your skills through real-time projects. Moreover, it presents a great way to expand your industry network and accede to the corporate ladder. Owing to the prestige of this programme, it has a rigorous admission process.
But have you ever wondered, where did it all start? When did MBA courses and management education become a popular choice for a huge population of students? Well, here’s a brief account of the history of MBA degrees in India.
The story of management education started 100 years ago. Every top industrialist and businessman is an MBA graduate. After liberalisation in the 1990s, management education became extremely popular. But it stayed with a certain section of the society. Gradually some of the premier institutions came into existence which were dedicated to technical and management education. IIMs, FMS, IIFT and other such prestigious institutions lighted the fire and attracted global recruiters in one place. From the first B-school in India to XLRI and more than 20 IIMs of the current times, MBA programmes in India have expanded to a huge extent.
During the 1950s XLRI, FMS and the Indian Institute of Social Welfare and Business Management were the forerunners in management education. They offered PG diplomas in management specifically designed for working professionals. From scepticism to the experiential-based MBA courses of the current times, India’s MBA journey has been remarkable. So much so that today, an MBA has become one of the most commonly chosen postgraduate degrees.
As the country continues its journey towards achieving academic excellence, MBA degree courses stay at the forefront. Therefore, the future holds immense opportunities for both MBA aspiring students and institutions.
Further, in this blog we will discuss the eligibility, admission, syllabus and colleges offering best MBA programmes in India.
| MBA Full Form | Master of Business Administration |
| MBA Degree Level | Post Graduation |
| MBA Course Fee | INR 2,00,000 to INR 25,00,000 (depending upon the college and mode you choose) |
| MBA Course Eligibility | Must have completed a bachelor’s degree from a recognised university |
| MBA Entrance Exams | CAT, CMAT, XAT, MAT, etc. |
| Top MBA Specialisations | Finance Management Healthcare Management Marketing Management Human Resource Management Business Analytics IT Management Logistics and Supply Chain Management Operations Management Data Analytics Project Management Entrepreneurship |
| Top MBA Recruiters | TCS Reliance Industries Limited Cognizant Wipro Infosys ICICI Bank Amazon JP Morgan Microsoft Morgan Stanley Deloitte |
| Top MBA Colleges | IIM Ahmedabad IIM Bangalore IIM Kozhikode Amity University Manipal University Symbiosis International University Jain University |
Broadly, there are three modes of pursuing MBA courses: online, distance, and regular. In regular mode, you get two options i.e. full-time and part-time. Details of the same are given below:
Every college will have different eligibility criteria and it may vary for online and distance modes as well. Let’s take a look at the common eligibility parameters that you must fulfil.
You must have completed your bachelor’s degree from a UGC/AICTE/AIU-approved university in any stream.
The minimum marks in your undergraduate should be 50%. The reserved category students get 5% relaxation in minimum marks criteria.
Must have qualified for one of the MBA entrance exams.
There is no upper age limit to pursue an MBA in India, however, some entrance exams may have age restrictions.
Please note that these steps may vary for executive and online/distance MBA programmes. They generally do not have group discussions or interview rounds.
As there are different specialisations in the MBA programme, the coursework will be different for each. Moreover, every college has a unique curriculum so, it is also one of the distinguishing factors. Here we have compiled a general syllabus for the MBA course:
| Semester 1 | Semester 2 |
| Corporate Social Responsibility | Macroeconomics |
| Microeconomics | Business Law |
| Principles of Marketing Management | Operations Management |
| Principles of Accounting | Optimisation and Project Research |
| Tools and Framework of Decision-Making | Corporate Finance |
| Quantitative Methods and Statistics | Project Management |
| Business Communication and Soft Skills | Marketing Management |
| Semester 3 | Semester 4 |
| Supply Chain Management | Managerial Economics |
| Financial Modeling | Corporate Governance and Business Ethics |
| Strategic Management | Corporate Finance |
| Specialisation Elective 1 | Specialisation Elective 1 |
| Specialisation Elective 2 | Specialisation Elective 2 |
| Specialisation Elective 3 | Specialisation Elective 3 |
| Exam Name | Exam Date |
| CAT 2024 (Common Admission Test) | November 2024 (tentatively) |
| CMAT 2024 (Common Management Admission Test) | 15th May 2024 |
| XAT 2024 (Xavier’s Aptitude Test) | 7th January 2024 |
| MAT 2024 (Management Admission Test) | 24rth February 2024 to 2nd June 2024 |
| NMAT by GMAC 2024 | 2nd week of October to 3rd week of December 2024 |
| SNAP 2024 (Symbiosis National Aptitude Test) | December 2024 |
Here are some tips to start preparing for various management entrance exams.
Refer to high school-level books for grammar and English language
Develop a regular reading habit
Practise is the key to mastering reasoning ability
Set priority topics to avoid spending more time on less scoring areas
Try to figure out tricks to solve quantitative ability questions to minimise calculations
Work on your mental maths
Focus on your strengths while fixing your weaknesses
Work smarter because your own way of solving questions will help you
Take as many online mock tests as you can
Go through previous year’s questions to understand the pattern
Make a schedule with proper breaks, study time, and question paper-solving time slots.
| Institution Name | Fee Structure (total fee) |
| IIM Ahmedabad | INR 20,00,000 |
| IIM Bangalore | INR 24,50,000 |
| IIM Kozhikode | INR 20,50,000 |
| SP Jain Institute of Management and Research | INR 23,50,000 |
| Symbiosis Institute of Business Management | INR 24,20,000 |
| Institution Name | Fee Structure |
| Chandigarh University | INR 2,00,000 |
| Online Manipal | INR 1,75,000 |
| Amity Online | INR 1,95,000 |
| Jain Online | INR 1,60,000 to 1,80,000 (varies as per specialisation) |
| Symbiosis (SCDL) | INR 1,50,000 |
Yes, almost every other person is pursuing an MBA degree or is planning to do so. What’s the craze of an MBA course? It’s the outcome and benefits you get after completing this course.
Networking with peers and professionals from across the world is a key aspect of the MBA curriculum. This helps in getting a wider perspective of the global market.
Acquire management skills which is what recruiters these days are looking for.
An advanced degree in this highly competitive job market gives you increased job opportunities in multinational national companies.
MBA graduates have a higher chance of a salary hike in good percentage compared to other candidates.
Develop empathy and a global mindset.
Build lifelong friendships and become a part of the strong alumni network.
Accelerate your career growth which is stuck at that mid-senior level position.
If you wish to switch your career path, MBA gives you a smooth transition.
As the business world continues to evolve, the MBA course has to take a global approach to more holistic education. It is because of the growing and changing demands of the businesses and students that online MBA is also on the rising side. It has further increased the student participation in this field. In the end, you can conclude by saying that MBA acts as a ticket to bigger opportunities and higher salaries.
Yes an MBA course is 2 year PG degree programme.
An MBA course studied at a top university in India will give you more benefits. MBA programmes of IIMs, XLRI, Amity University, Manipal University, and Symbiosis Institute of Management Studies among others are considered the best.
Depending on the study mode and college you choose, the MBA course fee will differ. It usually ranges between INR 2,00,000 to 25,00,000.
Securing a high salary package after an MBA relies on your skills, experiences, and other factors. Apart from this, the industry in which you work also matters. For instance, as per today’s market trend, business analytics is a booming sector, therefore, the salary potential in this field will be high.
