MBA can be described as one of the more well-known post-graduate courses offered in India and worldwide. The official name of the MBA will be Master of Business Administration. In most executive-level positions across sectors and domains, having an MBA degree is required. That is the reason why many BTech, BBA, BCom, BA, BSc, BCA graduates choose to pursue an MBA following graduation.

MBA admissions are determined by MBA entrance exams, followed by a test of personality round (Group Discussion, also known as GD or written ability Test or WAT, and a Personal Interview, or PI). Most students have to score at least 50 percent in their undergraduate studies from any discipline to be eligible for an MBA program. The most sought-after MBA entrance tests include GMAT, CAT, XAT, and XAT, among other tests. IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, FMS Delhi, XLRI, and ISB are among India's most prestigious MBA schools that offer admission via these tests by individual GD-PI rounds. The MBA cost typically ranges between 10 and 25 lakh depending on the college to college, but there are certain highly rated top schools where the cost is lower than INR 10 lakh, such as FMS Delhi, JBIMS Mumbai, and JBIMS Mumbai, among others.

MBA Courses 

MBA courses are offered in different formats and styles. Traditionally, the Full-Time MBA for two years is the most sought-after option for management students; however, Executive MBA and Online MBA have seen massive growth for those looking to be flexible over the past couple of years. Check out the key features for each type of MBA:

Full-Time MBA: Full Time is the standard MBA program that runs for two years in duration. It is a residence-based program that includes physical classes with live projects, assessments by semester, summer internships, and final assignments. There are around 5500 full-time MBA schools within India. The tuition fee ranges from INR 2 lakh and INR 25 lakhs on average.

Part-Time MBA: Part-Time MBA course is not an in-person program and is ideal for professionals in the workplace who want to develop essential managerial capabilities. Part-time MBA programs, there is no placement on campus or internship opportunities. Private colleges, as well as government institutions, offer Part-Time MBA courses. There are approximately 300 part-time MBA institutions across India. Course fees range from INR 1 lakh and 10 lakh. Read All About Part-Time MBA

Distance MBA: In Distance MBA, the candidate pursues the course via remote communications and correspondence. The program is designed to suit those with only a limited amount of time and resources, as it is affordable and adaptable. It is possible to complete the course within two to five years. There are more than 490 distance MBA institutions located in India. The most well-known being IGNOU. 

Online MBA: This is currently the most well-known method of an MBA program due to its convenience and flexibility. With Online MBA, lectures are taught via video conferencing, and the notes, exams, and assessments are made available in the Learning Management System (LMS). There are no classes in physical form for students in Online MBA. Thus one can take a class in one place and live in another. There is no restriction to attending classes as lecture notes are recorded and stored on the LMS. There are around 170 online MBA schools in India, primarily private colleges. Read All About Online MBA

Executive MBA The program is only designed for working professionals with over five years of professional experience. The program is similar to Full-Time MBA; however, it has a shorter length (15 or 18 months). Executive MBA programs are costly, and some companies offer sponsorship to applicants. There are around 440 Executive MBA Colleges in India. 

5 year-Integrated MBA: This is an all-year dual degree program that includes the UG and PG degrees. The integrated MBA degree is available after the completion of class 12. Therefore, those who select management as their primary career can choose Integrated MBA, a BBA + MBA, and a BTech+MBA program. It is an Integrated MBA program offered by top institutes like IIM Rohtak, IIM Indore, IIM Ranchi, IIM Jammu, IIM Bodhgaya, NMIMS, Xavier University, and Nirma University, among others. 

MBA Eligibility Criteria 

Full-time MBA requirements are as the following:

The primary eligibility requirement to qualify for MBA (full-time) requires the graduation of any field or equivalent degree from a recognized university.

Most institutes adhere to the minimum score requirements for graduation, which is 50% on the average or equivalent.

For students of the Reserved category, the minimum score must be 45 percent on an aggregate basis.

Final year graduates are qualified to be considered for MBA when they show the evidence of their graduation within the timeframe specified by the institute.

Professionals with CA/CS/ICWAI and other degrees can also take up MBA.

MBA Admissions 

Admission to all B-schools generally occurs through an entrance exam. The test may be of one of the following:

National-Level Examination conducted by an apex test institution or a top B-school on behalf of other colleges. E.g., CAT, MAT, CMAT or ATMA

State-Level Examination conducted by a state-level testing body or top state B-school, on behalf of other colleges that are part of the state. Eg: MAH-CET, OJEE, KMAT, TANCET or APICET

The institute-Level Examination is used for admission into the school's MBA program. In some instances, these scores could be considered qualification requirements by other B-schools, too. Eg: XAT, NMAT, SNAP, IBSAT

A university conducts a test to enter MBA programs offered by colleges associated with it. Eg: KIITEE, LUMET, HPU MAT

Top MBA Entrance Exams 

The entrance exam score determines MBA Admission to B-Schools of Tier 1 or 2. The following is a list of the top MBA examinations that are accepted as a basis for admission into many B-schools, as well as their deadlines for applications to the next session of the academic year:

MBA Syllabus

Students taking an MBA course are exposed to various topics. In a two-year MBA program, students start with a core curriculum, including Organizational Behaviour and Marketing and Principles of Management, among others. After the 2nd year, they are introduced to entrepreneurship and Business Law, among others. MBA colleges categorize them as subjects that are core as well as electives. They also offer the opportunity for students to select between elective subjects. Below are a few of the topics in the MBA program:

Marketing

HR management

Business plan

Management of finances

Management principles

Laws governing business

Communication skills

Entrepreneurship

Business Communication

Computer Application

Organizational behavior

Taxation

Retail management

Project work

Economics

Business atmosphere

MBA Syllabus Semester-Wise

The standard MBA course is broken into six to four semesters over two years. Here are the semester-specific MBA subject areas:

MBA Career Scope: Jobs Roles and Salary 

The MBA degree holder can be employed in various positions that involve team leader and management responsibility for the department. A manager's role involves planning, strategizing, and executing the team's work, liaison with clients, co-ordination the other department, delegating duties and work, and reporting to the higher authority about the projects they have undertaken. Here are a few of the most popular jobs available following an MBA and their associated pay scales: