MBA in India or Master of Business Administration is a Postgraduate Academic Master Degree which is awarded for a course or program in Business Administration. It is popularly known as M.B.A. which is an abbreviated form of Master of Business Administration Degree. Master of Business Administration is one the most sought after courses which can be attained by students of any stream. It is normally a 2 years program with 2 or more Semesters. M.B.A. degree in India is examination oriented and concentrates on theoretical aspects of management. There are 2 types of M.B.A. – General MBA, which is often shorter in duration and Specialized MBA, which may take longer but is more marketable. The program is available in various subjects whose material focuses on commerce, management and economics related subjects. Programs usually include a thesis component, or may even be exclusively research based. The course strengthens the theoretical, analytical and applied knowledge base of Business Administration. The IIM and other autonomous business schools offer a post-graduate diploma in management (PGDM) or Post Graduate Programme in Management (PGPM) which is recognized in India as similar to an MBA degree. Government accreditation bodies such as AICTE established that autonomous business schools can offer only the PGDM or PGPM, whereas a post-graduate degree can be awarded by a university-affiliated colleges, in two-year full-time program. The curriculum of the PGDM or PGPM and MBA degrees are equivalent, though PGDM or PGPM is industry-oriented and mainly focuses on building soft skills. However, a PGDM or PGPM holder cannot pursue Ph.D. since it is not recognized. Non-government accredited Business Schools have mushroomed up owing to the popularity of Business Administration. 1 year fast-track programs have also proliferated in India, especially for candidates with work experience. Such programs are commonly known as Post Graduate Programme (PGP) in Business Management.
MBA course curriculum in India can be categorized into the following 4 segments:
1. Full-time MBA – A full-time MBA usually comprises 4 semesters, inclusive of dissertation and project work, industrial exposure and summer internship. The students take up their respective major and minor specialization subjects. The choice of specialization subjects generally include: Marketing, Finance, Human Resources, Operations and Logistics, Information Technology, Systems, International Trade and Business, Consumer Behaviour, Risk Management and many others.
2. Executive MBA – Executive MBA, part time MBA, distance learning MBA and even online MBA courses are increasingly becoming popular in India.
3. Part-time MBA.
4. Distance Learning MBA.
5. Online MBA.
Part Time, Distance Learning and Online MBA courses offer flexibility to the students to study according to the availability of time they have at their expense.
Eligibility of MBA in India
Admission to any of the IIM (Indian Institutes of Management) schools requires passing Common Admission Test (CAT), however other business schools requires passing either CAT, XAT, GMAT, JMET or MAT each of which qualifies candidates for entrance into any management institutions in India, apart from these entrance tests there are few business schools which conducts aptitude test individually which qualifies candidates for that particular business school. The short listed candidates of the IIMs and some other leading management institutes are expected to write essays. Group discussions and personal interviews are also conducted generally to determine the personality traits and communication skills of the candidates. For many management colleges in India, Admission: Many B-schools offer admission to a candidate on the basis of the cumulative scores of the Entrance Exam, GD/PIs, and sometimes work experience.
- Fundamentals of Accounting.
- Financial Accounting.
- Strategy and Marketing Management.
- Organizational Behaviour and Managing Human Resources.
- Entrepreneurship and Business Planning.
- Quantitative Analysis.
- Organizational Behaviour.
Who can and Who should pursue MBA Master of Business Administration Degree
Those who want to utilise their skills and qualifications for advancing in their management career to the fullest can pursue Masters in Business Management. Business men of various industries can also pursue Master Degree in Business Administration to remain updated in accordance with changing business scenario.
Advantages or Benefits of MBA or Master of Business Administration Degree
- There is huge demand of talented and hard working people in the corporate sector these days. It is here that the M.B.A degree comes in use which can satisfy ones’ enthusiasm and hunger for success.
- M.B.A. Degree is considered as a ‘Career Accelerator’ and M.B.A. graduates usually command higher salaries across a number of industries.
- M.B.A. has the potential of making a person into a top entrepreneur and there by become a leader in an emerging field.
- M.B.A provides the opportunity to explore various Business related avenues and one can develop ones’ business knowledge and technical skills.
Master of Business Administration Jobs
The impact of privatization and liberalization has increased the need for managers in business establishments across all the sectors of the economy and those with an MBA degree from a reputed business school in India are the real beneficiaries of the changes brought by the globalization of India’s market economy.
- Business Consultancies.
- Brand & Marketing.
- Non-profit Organizations.
- Personal Business.
- Educational Institutes.
- Export Companies.
- Financial Organizations.
- Industrial Houses.
- Multinational Companies.
- Account Manager.
- Brand Manager.
- Card Payments Operations Head.
- Equity Research Analysts.
- HR Generalist Business Partner.
- Management Consultant.
- Marketing Manager.
- IT Services Marketing Head.
- Project Managers.
- Recruitment Manager.
- Vice President – Investment Banking.
- Zonal Business Manager – Telecom.